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:
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.