So in answering your question I am going to tell you that the best way to generate passive income as a teenager is by doing it online. Why? Making money online is easy. Yes it is very easy. Ok hold on, what am I saying?. How come there are so many people failing to make money online if it’s that easy right? Well let me put this the right way, MAKING MONEY ONLINE IS VERY EASY TO DO BUT VERY HARD TO FIGURE OUT :).
The list of options when it comes to making money via the internet is literally limitless. But just like making money offline, it is no easy feat. It also takes time, energy, planning and persistence to succeed. If you’re into affiliate marketing or blog advertising for instance, you need to gain trust from search engines to get your blog or website rank high in the search engine results, as well as gain trust from online users for better conversions.
To make money from affiliate marketing, you need to ascertain that the product has a high demand. No matter how much efforts you make, you might make little or no sales, it totally depends on the demand of the product. You need to know if it is what your audience really needs. If you manage to get a reasonable amount of traffic on your site, then you can run a small online survey to get input from visitors.
Online savings accounts usually come with crazy good interest rates to help you grow your money faster (regular in-person banks can’t offer rates as high). We’re fans of CIT Bank and Discover Bank (among others) because their interest rates are often over 25 times the national average. That means the money in your savings account will grow 25 times faster than the pace it’s most likely growing at now. Really, though, you can’t go wrong with pretty much any online savings account that offers over 1.50% APY 🙂
E-books represent about 20 percent of all book sales in the U.S. The good news is you don’t have to be a publisher with deep pockets to get in on the action. As a solo internet entrepreneur, you can sell ebooks directly from your own website. You can sell your own works or sell a public domain work. Simply upload it to your website (or seller account on Amazon) and start publicizing it on your social media platforms, on your email list, your blog, website, etc.
WP Rich Snippets – premium plugin that adds rich snippets (eg. review stars) to your snippets. You get 33% of sales and it’s what I use on my site. However the developer does not provide plugin updates or support. Here’s a post I used it on. If you’re writing reviews, get 100% need SOME rich snippets plugin. The All In One Schema plugin works too. If you want to allow users to submit reviews, try the Site Reviews plugin.
Like most of the other online jobs for teens, this is money that is slow to build up. But the more survey panels you are a member of, the more survey invitations you should receive. Doing surveys here and there as you receive them can certainly add up to extra money in a month's time. Below are some of the better panels out there that allow users to sign up at as young as 13.
Find a profitable niche. Starting with your interests, write down as many niche ideas as you can. Think about topics people might search online. Ideas include passions (like surfing or body building), fears (like spiders or speaking in front of crowds) and problems (like getting out of debt). Do keyword research to see it others are interested in the topic. Find out if a domain name is available that matches the keyword 100 percent. 
I am 17 in May and currently studying year 12. I don’t have a job though have tried a couple times. Given i have exams coming up i can’t manage a normal job but need some source of income – even if its small. I’m not all that technical so a lot of the things up there don’t work. I have strong english skills, love working with kids. I like sport, , languages animals and can cook. I have tried to get babysitting but haven’t had much luck so far.
Take surveys. You can earn $50 to $100 per month in cash and products by taking online surveys. Find survey sites by searching for “paid survey sites” online. Sign up for several survey sites to increase your chances of being selected for higher-paying surveys. Register with an email address, and check your email often so you can respond quickly to survey offers.
Certain niches are easier to get into. Believe it or not but there are plenty of amateurs making money writing short romance novels online. These short stories could be in a specific niche like erotica, historical, paranormal, time-travel or LGBT. Other amateur writers can be found writing science fiction, mystery or thrillers too. Stories are usually priced in the $2.99 to $9.99 range with ~60% going back to the writer.
Jingit is a way to earn money watching videos, taking surveys, and also interacting with their various product campaigns. Teens that are at least 13 can sign up for Jingit. Other requirements are that you must have a Facebook account, a mobile phone with text messaging, and live in the US. Payments are made to a Visa debit card weekly. You will have to sign up for the debit card, you can't send the money to a card you already have.
Before I talk about some of the methods for making money online, I wanted to address the role of pain versus pleasure. Every decision that we make in life is weighed on a pain-versus-pleasure scale. We will always do more to avoid pain than we will to gain pleasure, plain and simple. However, this is also what holds us back from succeeding in any endeavor.
There are different ways to market an ebook. One of the most common is through Amazon’s Kindle program. They can help you with all the steps to both publish and market your ebook through their incredibly popular platform. There are some specialized sets of writing software that will help with not only writing your ebook, but also formatting it correctly for the Amazon market as well Barnes & Noble and iTunes
This is a more technical way to make money online then most of the other strategies given. But you can get an excellent course on how to make it happen with Steve Chou’s Create a Profitable Online Store program. Steve and his wife have built a highly successful online store – selling wedding napkins – and he’s anxious to provide insider secrets to people who sign up for his course..
Not quite ready to start your own blog, but still like the idea of getting paid to write? You may want to consider trying your hand at freelance writing. Many bloggers and website owners are willing to shell out some serious cash for high quality writers. In fact, Holly Johnson from ClubThrifty.com makes over $200,000 per year from freelance work! And she has a course that teaches others how to do the same.
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
Research individual companies in your desired niche: If possible, it’s always better to become an affiliate directly with a company (if they have an internal affiliate program), as no one else will be dipping into your commission rate. This is the preferred route for most of the prominent affiliate marketers, including Pat Flynn. Unfortunately, it’s also the most work, as you’ll have to do the research yourself to see who offers programs (they’re usually listed in the website footer).
Great article, I have tried a few over the years. I had a side business cleaning offices for years. It did great, but I hated never being able to take more than 3-4 days vacation, so I eventually gave up. I tried MTurk, but if you multiplied my earnings on an hourly basis, it was a little over $6/hr. My blog is much worse, probably less than $0.25/hr.
The first mistake a lot of affiliate marketers make is that they register with too many different affiliate programs and try to promote everything. Pursuing affiliate marketing down this path can become very overwhelming and you won’t be able to promote any product properly. All you need in order to be successful is a handful of good products to promote. Try to understand the market needs and look for products that align correctly with the topic of your site.
If you’re under 16 then it should cost you £49 for training, registration, child protection and a CRB check and £69 if you’re over 16. The training process will take a few weeks during which time you will learn all the skills needed to be a referee, including the knowledge of the rules of football and how to put them into practice. The training includes both written and practical exams, but once you’ve passed you can make a surprising amount a week refereeing for your local teams.
Slicethepie: Similar to MusicXRay, Slicethepie pays users to write reviews. While the company started out in the music industry it now provides reviews on fashion, mobile phone accessories, and other products. The company doesn’t disclose how much it pays per review but notes that there are incentives to write good reviews. Find more information here: Slicethepie.
To test these websites, you’ll be asked to visit the site in question and record your reactions and thoughts as you go through it. To get started making extra money online by testing websites, sign up for some of the most popular services like UserTesting.com, Userlytics, TryMyUI, Userfeel, TestingTime (for people outside the U.S), or Side Income Jobs.
A rental club can work well for loads of things. For boys, renting computer games that you have lying around at home is a good idea. For girls, if you’ve got some nice things in your wardrobe that you don’t mind lending out, you could rent items out at the weekend so that people can wear them to parties. In this case, some sort of guarantee system should be put in place in case the clothes get ripped or stained, however, with the DVDs their value isn’t so much that this should be necessary. If a DVD is mistreated you can simply deny the member who broke it any more rentals.
Make the most of your spare space by listing it for short term rentals with Airbnb. If you know how to be an Airbnb host that wows their guests, you have an amazing opportunity to make money fast. By creating a wonderful experience for your guests, you’re setting yourself up for great reviews and lots of repeat guests. Check out our complete guide on getting started as an Airbnb host.
Thanks for the list, Anna. Although I turned 18 nearly three years ago, I appreciate this list and wished that I could’ve seen something like this when I was still 17. Maybe I should email this to my cousin. I had no idea Paypal had a Student Account. I knew about the Paypal debit card, but had no idea that you could get something like this even when you’re under 18.
This is an interesting way of earning money as your opinion counts, literally! You get to give your opinion on music tracks and count your money twice a week, every Tuesday and Friday via Paypal. I've personally cashed out several times on Thursday and my funds were in my account the next day. A track is sent to you on a daily basis and you give feedback as to whether it is a hit or a miss. You also get to increase your earnings by referring friends to Slice the Pie, yes, the pie is too big for you to enjoy alone. Through their reviews, you get to earn bonuses. Click here to get started!
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. Is it easy? Nope. Is it worth it? It sure is. But that doesn't mean you need to start a blog to make money online today.
First of all, a concrete goal like yours is a great way to start your job hunt: you know exactly how much money you need and what you want to use it for, so you don't need any extra incentive to get out there and start earning. Start by writing down your monetary goal of $181.16 and then keeping track of any money you make along the way so you can monitor your progress toward that goal. After that, start your job hunt! If you don't have any local grocery stores or shops that will hire fourteen-year olds, ask your parents and family friends if you can start a babysitting gig or odd jobs like yard work. If that doesn't work, try getting your family together to have a yard sale or a bake sale. It probably won't make all the money you need in one go, but remember that every little bit helps you on your way to the magic number! Also start collecting soda cans and turning them into recycling centers in order to collect the 10-cent per can deposit. You'll be surprised how quickly little things like this can add up!http://www.thepennyhoarder.com/collecting-cans/
Commercial use requires 'releases' - editorial use doesn't. Stock photos can be sold for commercial (eg, marketing) or editorial (ie, journalistic) use. You'll have more opportunities to make cash if your photos are available for both, but photos containing people or property (including branding and logos) need signed releases to be sold commercially.
This is a fantastic article and it really has given me help. I want to go to this thing in the summer called Creation Fest and it has music and speackers to celebrate God and it costs a lot! I was looking for help and I found this. $100+ seems easy at first but then your stuck when your my age. Thanks a whole bunch and I will probably come back again.
If my piece of content is so unique and valuable around hiking backpack recommendations, that other reputable outdoor websites are willing to link to it and build the page’s authority, then I’d have a very real opportunity to rank high in organic search for these search terms (meaning, my page will come up first when someone searches for hiking backpacks).
Some businesses may be interested in adding other types of paid content to your website. This could include videos, podcasts, or any other material that would work with your site and help a business market itself. Always make sure that paid content isn’t too promotional. It needs to add value to your audience first and foremost, and not just present as an advert.
For sure! I think that’s something Jeff and I have learned rather quickly is to definitely not put all your eggs in one basket. We had 1-2 affiliates that we promoted for the longest time that were by and large our main sources of income. We realized that if we lost even 1 of those affiliates we would be in for a huge world of hurt when it came to our monthly intake.
Research other listings in your city on AirBnB and see what the going rate is for a place like yours. You could also just rent out a private room as well or even a bed in a shared room. In fact, that's how AirBnB got its start. However, you might find it hard in the beginning without reviews, but as long as you take really good care of your guests and provide a lot of value, the reviews will eventually come rolling in.
While some of these are great ideas..others, like Mechanical Turk seem to take a lot of time for very little $. The eHow seems to work. Another suggestion while you are looking for work is to list your resume at sites that pay you when potential employers download your resume. They collect a fee and give you part of it. Resumark.com even pays you when people you’ve invited have their resumes downloaded. I think it’s about $1 for your own resume and $.50 for people you’ve invited..again, not going to get rich but might as well get paid for looking for a job!
This job can take some time. You’ll need to find the books and be able to buy them cheap. But if you do, you may be able to make some decent money. Try to find popular textbooks for sale at cheap prices. BookScouter has a mobile app available too. The app helps you check buy offer prices right on the spot. You can check as you shop at local thrift stores, garage or other sales.
Having been sucked into some scams myself in the past, I know how difficult it can be to find real ways to make money online fast. Thus, I’ve compiled this list. Some ways require knowledge of certain skills, but all these skills can be learned. If you don’t know where to start, I suggest picking one of these ways and learning more about it, then trying it out!
Similar to a YouTube vlogger, if you have a large following on Instagram then you could become an Instagram Influencer. You will be paid to promote products in your photos, from wearing certain clothes to action shots of you using particular merchandise. As your Instagram following grows, you may start out simply receiving freebies in return for a picture of you with the item in shot. However, for those with followings running into millions, you can expect large payments to display products in your pictures. Use sites like Hype Factory to help connect you with companies prepared to pay for your influence.