The list goes on and on. However, all these avenues entail a certain degree of effort and time, which are many valuable resources in themselves! As time is indeed the ultimate currency, the ideal passive income stream is profitable with the minimum effort possible, isn’t it?
Photo by Shubham Dhage on Unsplash
Earning a free stream of passive income has become possible, thanks to the revolutions of technology and the internet. In this article, we shall explore such options made viable by the internet — all requiring no capital and using only the existing resources that you already have!
These can be summarized into a few categories as below, built upon an earlier list of passive income applications which was featured in my previous article.
Internet monetization: Peer2Profit, Honeygain
Newsletter: Publish0x
#1 Honeygain
My all-time favorite, Honeygain is an all-inclusive set-it-up-once-and-forget-about-it, way to earn passive income that runs in the background. It is a free app that works on any mobile or desktop device, earning you passive cashflow by securely sharing your excess internet bandwidth to transmit publicly-available web data for businesses seeking to improve their ad ranking, compare prices, and prevent ad fraud; all without compromising your data security.
In a nutshell, Honeygain allows you to monetize your unused internet traffic by turning your device into a network gateway. For every 10MB of internet traffic that goes through your network, you are paid 1 Honeygain credit; 10GB of data earns you $1 worth of Honeygain credits. Once you earn $20, you will be eligible to cash out in the form of PayPal, BTC, or JMPT.
In ideal conditions, you can earn up to $184 monthly by sharing your internet connection on Honeygain!
You can participate in the daily lucky pot lottery which offers you a chance to win up to 10,000 extra credits ($10) daily by simply checking the Honeygain application on your desktop or mobile device!
To start your Honeygain journey, simply sign up here to avail a free $5 bonus worth of Honeygain credits, then install the application on your laptop/ mobile device. Sign into the app, and you are ready to earn passively! Avail an extra 10% of earnings by opting to be paid in JumpToken (JMPT).
Honeygain has a very tight privacy policy, based on the latest international privacy regulations like GDPR and CCPA.
I have had a very pleasant experience using Honeygain. Ever since using this application earlier this year, I have earned quite a considerable amount of passive income.
My 3 most recent withdrawals from Honeygain are in the form of JMPT.
If you have extra time to spare, there are also many other ways to earn JMPT, such as by completing offers, surveys, games, & staking.
#2 Publish0X
Publish0x is probably one of the best earn-to-learn sites, a place where both authors and readers earn crypto!
Publish0x is a crypto-agnostic publishing platform similar to Medium.com, where many authors join and publish content that gets tipped by users.
Earn by Reading! Send a FREE tip to your favorite writers and earn crypto, or tip your favorite writer or the creator of a great video you’ve just watched and keep a portion of the tip for yourself.
Earn by Publishing Articles! You can become an author and earn from tips readers leave on your articles.
Tips are Free for both authors and readers — they are sponsored by them and come from their rewards pool.
This website is full of resources. I have not only earned cryptocurrencies but I have also gained a lot of knowledge about cryptocurrencies and blockchain by reading their articles.
To get started, sign up here.
#3 Peer2Profit
Peer2Profit is yet another popular internet-sharing app that allows you to monetize your internet connection by sharing your surplus bandwidth.
This app work like Honeygain, the revenue is generated by directing your internet traffic to advertisers, IT agencies, and marketing and analytics companies who utilize the bandwidth for legal purposes, such as clean and secure advertising.
Peer2Profit supports several payout methods, each with different payout limits as shown below.
To get started, sign up here, download, and run the app on your computer/ mobile devices to start earning right away!
Final Thoughts
While the above by no means offer a life-changing amount of money, they can surely make for a slow but steady stream of passive income that may contribute to the little joys in life! And best of all, these applications are easy to set up and do not require much further effort after the initial period of configuration! You can even install all the above applications on the same device to let them run simultaneously, maximizing the utility of your resources whilst still being able to maintain a seamless internet experience for your online needs.
- Loading comments...