I (24M) was previously employed but got laid off recently. Right now, my income is mainly from mobile gaming apps and occasionally skill games. I’m looking for ways to generate some passive income with maybe $150 or less to invest. Any ideas?
Check out grindpace.com for vetted opportunities and newsletters. Just be aware that if anyone asks for a percentage of your crypto for testing, it’s most likely a scam.
With just $150, opportunities are pretty limited. Unless you possess high-income skills, turning that into substantial profit will be challenging. If you have valuable skills, you could potentially grow that investment.
Be realistic about passive income. There are many claims that are too good to be true. There’s no risk-free, guaranteed way to generate passive income with just $150.
Freelancing is a good option. Use the $125 to create a website or domain to showcase your skills or services.
Zane said:
Freelancing is a good option. Use the $125 to create a website or domain to showcase your skills or services.
You need traffic and something to sell, which can be tough. Income from ads will depend on website traffic.
@Timber
Everyone has something to sell or a service to offer. You can find a way to monetize your skills online or learn new ones. Creating content daily is free and can attract organic traffic. It will require initial effort to build to passive income.
I would be interested in hearing ideas for someone with a budget closer to $7500. Looking for a tiered approach.
Have you applied for unemployment benefits? If you’re laid off, you’re likely eligible since you didn’t quit or get fired.
Just to clarify, you could also use that money for other means you might find online outside the scope of passive income.
Digital products could be an option, especially if you’re savvy with social media. I helped someone make over $1200 in her first week selling ebooks through an anonymous Instagram account.
Given your interest in gaming, consider affiliate marketing for gaming products or flipping in-game items. With $150, you could start a small hustle reselling low-cost items.
I’m logging into social sweepstakes websites daily and earning between $30 and $50. It can be profitable over time if you stay disciplined.
You could try survey apps like Attapol. It doesn’t require capital, just time. I make over $60 a month doing surveys.