Legitimate sources of passive income seem to be dropping all over. At least when it comes to online or internet sources of passive income.
eHow is no longer an option, unless you are accepted as a Demand Studios writer and choose to write revenue share articles there.
The Google Panda update has also negatively affected other sites like Hubpages.
One source of passive income that has stayed strong and continued to grow for me, however, is referring people to the online shopping rebates site, Mr. Rebates.
Since the first of the year I have earned over $1200 from this one stream of income. My earnings have broken down like this:
January: $234.67
February: $159.65
March: $141.68
April: $206.97
May: $291.61
June: $195.49
Why I Like This Income Stream
1. It's win/win.
You don't have to convince anyone to buy something in order to become a referral. In fact, they'll have money on the things they're already buying. That's great - especially in these economic times.
And they'll get $5 just for signing up, which is free to do.
I use this site for my own online shopping, so I feel great recommending it to others.
2. I have a long history of being paid by Mr. Rebates.
I can't speak for every cash back rebate site on the internet, but I can tell you that I have been reliably paid by Mr. Rebates, going back several years.
You don't have to take my word for it, however. Mr. Rebates is an accredited business with the Better Business Bureau, with a rating of A+.
3. It's completely passive.
Most months, all I do is request my payout. I am usually paid the next day via Paypal.
Check out Mr. Rebates for yourself. Even if you only use it as a shopper, it's a great deal. But it can be an awesome source of passive income as well.
3 comments:
Thanks for this info. I will miss eHow. I didn't make a lot of money but I enjoyed writing the articles and always had some money coming each month. *sigh*
I was making a little also as an Amazon affiliate, but when Colorado wanted Amazon to pay tax on items not bought or sold in Colorado, Amazon cut the program. It is hard to find something that isn't some sort of scam.
@Barbara - If you like to write, you might want to try Squidoo.com. You write a one page "Lens" on any topic and they have different modules you can use to earn affiliate income from Amazon, eBay, Cafepress, and Zazzle from any products sold on your page. You can also earn a share of the ad revenue if your "lens" (page) is ranked high enough on the Squidoo network. If your page has a "LensRank" of 1-2000 you'll earn about $32/month, if it's ranked between 2,000-10,000 you'll earn about $5/month. Totally free to use.
Your Mr Rebates referral commissions are great. I'm at about $75-$125/month right now, but as I keep referring others, my numbers keep going up little by little. However, they took a hit when ebay decided to "temporarily suspend" their cash back website relationships to do some internal testing. I hope they will come back again soon.
Question: About how many new referrals are you getting per month to reach these numbers? (for goal setting purposes for myself)
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