Looking for a way to get more money on the side without working endless hours? Let’s look at stories of pursuing side hustle for passive income in this article, then, you can find out the best things to make money and how to get started.
Trash picking services
It sounds crazy, but it is true. Meet Brian Winch, an American citizen who turned $200 into $650,000 a year, picking up other people’s trash in business parking lots. The great thing about this small business idea is that you do not have to quit your day job to get started.
His business started even before the internet when Brian was a young man searching for ways to earn more besides his official job. One day, inspiration hit as he recalled that his father used to moonlight cleaning up litter in a local shopping plaza. He had gone along with his father, walked around the property cleaning up litter before the stores opened the next day, and got paid for it.
His motivation kicked in, and he began to think about how he could successfully develop this side hustle idea. Brian started to contact property management companies and offered to clean their retail, office, and warehouse properties daily.
Brian could easily accomplish cleaning litter before and after my full-time job at the sporting goods store. As he began signing on more and more properties, he realized the potential of a viable business on his hands when this side hustle brought him more income than his full-time job. That was when he decided to quit his job and turn his side gig into a profitable full-time business.
With the help of his brother and son, Brian has been successfully running his business since 1981 and now earns a full-time income of over six figures a year. Many people who work for his company earn up to $4,000 a month for part-time work! “Today, I manage an operation that bills out over $650,000 yearly in parking lot litter removal contracts. I also know entrepreneurs who are working part-time (following my Cleanlots system) and making an extra $20,000 -$50,000 a year, just by cleaning up litter.” – said Brian.
Listen to music for money
Do you know you can make money by listening to music and writing reviews about it? Among the many ways of earning money online, this may be among the most interesting ones, especially for music lovers.
Why do these music websites pay you? Because such websites pay users so that they can review the music of new and upcoming singers and songwriters. They need feedback from a wide range of people to help musical artists find the right direction they need for their works.
One of the easiest ways to get paid to listen to music is by downloading an app, creating your profile, or logging into a website that promotes artists and record labels. These services may perform market research by getting your opinion on a song. Or they may pay you to check out a new singer or band. After they approve your profile, you can start your work. There are two things you’re supposed to do: Listen to the songs and Review them. The more you listen, the more money you earn.
It is even easier when you don’t stress if you didn’t graduate from Julliard to review the music. These companies require zero knowledge of musical theory. All you need is an internet connection and a love of music. Some popular apps/webs for you to try our Slicethepie, Current Rewards, or HitPredictor…
Besides the web and apps, you can also earn money by listening to music on survey sites like Nielsen and InboxDollars. With Nielsen, you have to down the app on your device and then allow it to track your online behaviors, including the websites you access and the kind of music you listen to. It will collect this data for market research purposes. After that, you may be asked to participate in a focus group where you can share your reviews. InboxDollars require less when you need to sign up for a free account and answer screening questions to find out the surveys you qualify for.
Buy and rent out dividend asset
While there are plenty of different side hustle ideas you can pursue, one of the fastest ways to make money is to rent out your stuff. Renting is not only a way to make some quick money but also a regular side hustle that turns your things into income-generating assets. Most of all, it can be a side hustle that does not take much of your time to maintain.
How much you earn will depend on the items you have. Of course, the most profitable item is probably real estate, then big items such as living space, storage spaces, traveling items, construction devices… However, what if you do not own anything with significant value, or you don’t have enough money to buy land and rent it out? Good news for you, there is a model that you do not need to own the whole items to rent and earn from it: the idea of renting out a piece of equipment/devices, then selling it for the company. This passive income type is also known as “Lease and buyback investment.”
The premise is simple: you invest in hard assets (such as machinery /technology/ devices/land). The investment company then leases your equipment to those businesses managing the projects using those items and earning you a monthly income. After a couple of years (or longer), you get your total investment back by selling the asset at the price you paid.
One trustable name for you to have your first step in dividend asset renting is Foundation Capital, which is the initiative in Construction equipment asset renting. All lease and buyback investments from this company deliver monthly income. You have the choice between a fixed 14% return or a floating rate return (which historically has given higher income). This has been, up to now, the unique model in Construction investment which help users gain a stream of passive income without paying a significant number at first.
The idea of dividend assets investment is applied to a few categories of products, but not all of them work. The most suitable type for dividend asset investment at the moment is likely construction devices/mechanisms due to 2 reasons: the smooth legal implementation and the raising of megastructure builds. Therefore, Foundation Capital commits to producing a sustainable source of passive income with 100% capital preservation for its investors. If you have not generated any new ideas for a side hustle or do not have enough time for a part-time job, earning monthly passive income this way is worth your consideration.
How to Start Investing with Foundation Capital
If you want to generate a sustainable passive income stream, Foundation Capital is one of the most reliable organizations to invest in. Our process has been refined, perfected, and proven over the past 12 years of renting our clients’ assets to the construction industry.
For more detailed information on how to make a capital investment in construction with Foundation Capital, as well as the terms, conditions, and risks, refer to the following FAQs and guides:
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