You’ve surely heard the saying, “You need to have money to make money.” But when it comes to passive income streams – you can finally prove this saying wrong! Passive income ideas are commonly talked about, but many people fail to pursue them because they write them off as too good to be true. In reality, some of the best passive income opportunities involve doing what you already love or taking advantage of income avenues that you didn’t realize exist.
Passive income allows you to earn money without a lot of additional work. If you’re looking for the best examples of passive income, then you’ve come to the right place. Learn about the best passive income avenues, including streaming, real estate investment and advertisements below.
One of the best ways to make passive income is by putting an advertisement on your vehicle. It’s easy. It’s simple. And it doesn’t involve any work on your end. All you have to do is meet a given company’s requirements.
While all companies are different, the requirements for advertising with a vehicle will generally include:
- You must be of legal age to drive and have a clean driver’s license.
- You must own your own vehicle.
- You must have car insurance that meets your state’s minimum requirements.
When determining if this example of passive income is right for you, it’s also worth keeping in mind that many businesses will require you to drive a certain minimum amount each month to show off the advertisement. Some companies may also require that their drivers have specific vehicle make(s) or model(s).
In any case, this unique passive income idea can generate between $400 to $600 per month on average. The exact rates you may be offered will typically depend on the number of miles you drive and the advertisement’s size on your vehicle.
There are several companies that you can reach out to regarding this lucrative passive income stream, including:
You can also view opportunities for car advertisements in your local area by conducting an online search. Most businesses allow you to sign up for free and will process your application shortly after.
If you are an ideal candidate, they will provide you an offer for the advertisement. Be sure that you review any offer carefully as it will detail the number of miles that you need to drive on average and the length of your contract. You may be required to have a GPS installed on your vehicle to verify your mileage in some cases.