7 Side Hustles You Can Do Without A Degree ($100 Per Day)

You can make extra money without putting in much effort by using apps, simple investing tools, and smart purchasing strategies.

While some of these methods necessitate some initial effort, they can position you to generate passive income in the long run.

Here are 32 low-effort money-making ideas.

1. Make use of cash-back credit cards.

Consider getting all of your money back.

Cashback is a popular incentive offered by credit cards for purchases. This means that the credit card company will refund a percentage of each transaction you make.

The proportion varies between credit cards and categories. For example, one type of credit card may offer 1.5% cash back on every transaction. Another may offer 5% back on gasoline and travel expenses while only offering 1% back on the majority of other purchases. The Birch app can determine which credit card is best suited to a given category.

To cash out, you frequently need to earn more than a certain amount of money. Furthermore, you may frequently use cards to redeem cash back as "points" that can be used to make purchases directly from the credit card.

2. Invest in index funds.

Investing in stocks is simple with the Robinhood app.

Unless you are a financial expert, trying to play the stock market is a bad idea.

There is one thing that stands out: index funds. Making a small number of stock investments could be risky. You can make a lot of money, but you can also lose a lot of money.

Using index funds, a small amount of money is invested in a large number of stocks. Some aspects of the stock market are mirrored in these equities. The S&P 500 index fund, which has increased by more than 2,000% over the last 40 years, is a generally safe and consistent index fund to invest in.

Your chances of success or failure, however, are likely to be lower than if you invested in individual stocks.

The most straightforward way to invest in stocks is to open a brokerage account with a bank like Charles Schwab.

When you use a referral code to sign up for the free stock trading app Robinhood, you will receive a free share of stock, usually worth $5.

3. Direct people to applications.

You could make money by splitting an Uber ride with a friend.

If you use an app frequently, referral credit may be just as valuable as cash. You get credit for each person you refer who uses the app to make a purchase from Uber and Lyft (ride-sharing), Seamless (food), Proper Cloth, Spier & Mackay, and Everlane, among other apps and websites.

4. Become a source of referrals for nearby businesses.

This guy appears to be doing a good job. If you refer him to a friend, he might give you some money.

This individual appears to be working hard. He might offer you money if you refer him to a friend.

Word-of-mouth marketing is a popular strategy for small, local businesses such as landscapers, electricians, and home improvement stores. Many of them offer referral incentives to anyone who promotes their business.

As a result, the next time your plumber comes out, inquire about referral bonuses. And if they do well, you can use it to your advantage when recommending them to a friend.

5. Write a book and collect royalties.

There is never enough time in the day to read. RadnipUK/TripAdvisor

Okay, so this one will take some effort. Assume, however, that you are an expert on the subject. As an example, consider Marissa Mayer and the company Yahoo! (now available in paperback). You're essentially finished once you've written the book, communicated your knowledge in writing, and had it published.

Following that, you will begin receiving royalties for each copy of your book sold. The amount of royalties will be determined by your agreement with the book publisher.

6. By publishing independently, you can cut out the middlemen.

Amazon's physical bookstore in Seattle.

If you self-publish on Amazon or another self-publishing site, there are common contracts that pay out based on how many people download or read the ebook through Amazon's ebook-lending program. By doing so, you may avoid the intermediaries of the publishing industry and increase the profit margin of your own book.

7. Create an online course for which you will charge a fee.

This person is most likely looking for an online course on the topic of your expertise.

Consider the following scenario: you are an expert on a subject but do not believe that writing a book is the best way to share your knowledge.

You can do it with the help of an online course. For example, one could be created and uploaded to Udemy, with the pricing points customized. You'll be paid every time someone buys the course.