It may not be obvious at first, but there could be things you do on a regular basis that you can repurpose for more money without the extra hassle of doing more work.
There are plenty of simple ways you can earn money on previous work or make your current work earn you more cash over time without much effort.
So check out these options when you look at things you've already done to see how you can bring in extra cash or find new ways to generate additional income for a project.
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Create digital products
You may enjoy planning events or creating spreadsheets that can be used to manage a household’s income.
Find ways to use your talents to create digital products that can be downloaded by customers. A digital planning sheet for parties, spreadsheets for budgets, or other digital files can be easily distributed without the need to fulfill the order with boxes and packing tape.
Sign up for affiliate programs
You may write a blog or have a social media account where you discuss different products.
Check on affiliate programs for places like Amazon and other retailers that will allow you to make money each time someone finds your blog or social media post and buys the products you’ve reviewed.
Publish your work
You may have written papers or blog posts about a topic you’re knowledgeable on, or you might enjoy writing fiction stories you want to publish for others to read.
Publishing your work as an ebook is a great way to earn income from your previous work. Research online publishing and how you can get your ebook published to earn income from it.
Stop overpaying when you shop online
Shopping online has its perks. It's super convenient, but it can be time consuming to find the best deals. Instead of hunting for coupon codes (that don't always work!) and opening tons of browser tabs comparing prices, you can try Capital One Shopping.
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Rent your space
You may have extra space in your office due to work changes after the pandemic, or perhaps you built out space in your home that you no longer need.
Think about renting out that space to someone else, such as a roommate or someone who works remotely and needs the extra office space. Your renovations could help you make money without that much extra work from you.
Build an app
Phone apps are great ways for users to interact with their devices for many daily tasks.
Consider building an app or working on an app with a development team that will allow users to download it for a small fee. Downloads can generate income with little maintenance by you.
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Sell stock photos
If you enjoy photography as a hobby, perhaps you can print your photos and sell them as a side hustle.
You can turn those photos into additional revenue by posting them on stock photo sites to earn extra revenue every time someone downloads one to use for a graphic, website, or presentation, adding extra cash to your bank account.
Open a high-yield savings account
You may have income from work you’ve done but you’re not sure where to invest it or save it.
Talk to your bank or financial institution about opening a high-yield savings account that can earn you extra income in interest without having to watch it regularly.
Make your car a billboard
Do you have a business or have done work that can still earn you extra income? It’s time to advertise it.
Turn your car into a mobile billboard with information about your work so others can see it and generate extra revenue for yourself.
Paying a small fee to turn your car into a billboard could be a better option than spending money on online ads that may not work.
Post your content on income-generating sites
You may enjoy writing blogs or making videos about a topic you know only to find they aren’t generating income where you post them.
Consider distributing your work on sites like Medium or YouTube that can earn you advertising dollars or additional income on platforms with revenue.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!2
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
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Find sponsors
Your content may cover a specific area like personal care or video games, providing a good opportunity to pick up additional income from sponsors.
Find sponsors that could pay you to include them in your content or ask sponsors for additional boosts for the content you’ve already created, such as featuring your posts or videos on their websites.
Create a sales funnel
Consider breaking up your content into bite-size pieces that can generate more revenue as customers move along the funnel through each step.
You can break up instructional videos into different parts or write books that come in volumes rather than just one so users can follow you from piece to piece, generating cash for you with each step.
Partner with other sellers
Crafters have a great outlet for selling items they’ve created, but it can be tough to sell those items passively.
Check out boutiques or local stores that may be able to sell them for you instead. Talk to store managers about giving them your products to sell so you can provide them with your work but let someone else handle the selling.
Bottom line
Passive income is a great way to save money without having to put in additional work on a project or updating it to make it work.
It’s also a good idea to find ways that your cash can continue to earn you money with a high-yield savings account.
Consider adjusting your budget to account for any potential passive income you earn on different projects that you can use to help pay bills or just supplement your income.
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