Imagine making money without lifting a finger – it’s the ultimate dream. Well, what if I told you there are ways to do that in Canada? Yes, you read that correctly. You can make money doing nothing in Canada.
Before you get too excited, I should clarify that these methods may require some initial effort or investment, but once set up, they can generate passive income for years.
In this article, I’ll share some of the best ways to make money without doing anything in Canada, so you can start earning while you sleep.
So, please sit back, relax, and let’s explore the world of passive income in Canada.
Can I Make Money Doing Nothing in Canada?
You can make money doing nothing, but usually, you require some assets or time up-front to set up a system that can generate money passively. There are many ways to make money without a job by participating in available programs online and in person.
For this article, we have two separate lists; the first is ways to make money doing nothing if you have some assets you can employ to generate cash or sell things. The next is a list of things you can do that may take a little time but will make you money without having to do anything besides being at the computer.
Ways to make money passively that require assets
Invest in dividend-paying stocks
Investing in dividend-paying stocks can be an easy way to make money without doing anything. Dividend stocks pay out a portion of their profits to shareholders regularly, typically quarterly or annually. Investing in dividend stocks can provide investors with a steady income stream while they wait for stock prices to increase.
Dividend investing is especially attractive if you’re risk averse, as dividends provide a cushion against market volatility. You just have to buy dividend stocks.
Lend money with P2P lending.
Peer-to-peer (P2P) lending is a form of investment allowing you to make money doing nothing. With P2P lending, investors can provide loans directly to borrowers without needing a financial institution or bank.
P2P lending starts with you joining a P2P lending platform and looking for potential borrowers who require a loan. You will look at the borrower’s profile, decide if you want to lend them money, and then set up a loan contract. You then collect interest payments on the loan until it’s paid off.
Buy real estate with addy online.
One way to make money doing nothing is by purchasing fractional real estate with Addy Online.
Addy Online is an online platform that enables you to purchase and trade real estate anywhere. All you need is a reliable internet connection and some money to start buying a real estate stake that will generate a return.
You can invest in real estate with little money or commercial properties throughout the US with minimal upfront (as low as $500). You can invest in properties without locking up cash, and you can build your wealth by doing nothing but investing your money. You do not need to invest time and energy in building the business but can still earn passively by owning a small part.
Rent out your spare room on Airbnb.
Renting out your spare room on Airbnb is an excellent way to make money doing nothing. You can turn your extra bedroom or guest house into a passive income stream with minimal effort.
To get started, list your space on the Airbnb website. You’ll need to provide photos and descriptions of the property and decide what amenities you’d like to offer (e.g . access to a pool or hot tub). You’ll also need to set a daily rate and determine who is responsible for cleaning the space. Once your listing goes live, you can start collecting rental income!
Rent out your car on Turo.
If you’re looking for ways to make money doing nothing, renting out your car on Turo may be a great option. With Turo, you can rent your vehicle to others and earn money without lifting a finger. You must list your vehicle on their website or mobile app and set the rental rate.
Once your listing is live, potential renters can find and book your car for a fee. Plus, you’ll collect up to 85% of the rental price whenever someone rents your car.
Rent out your bike on Spinlister.
If you have a bike just sitting around collecting dust, why not make some extra money by renting it out on Spinlister? Spinlister is a peer-to-peer bike rental service that allows individuals to rent or lend their bikes to others. It’s easy to use and provides an excellent way for cyclists who don’t own their own bike or need an extra ride occasionally to get around.
Register your bike on their website or mobile app to get started. Next, you’ll need to provide information about the bike, such as its make, model and size, as well as a description and photos. Then, you can set a rental rate and start collecting rental income from other cyclists in your area.
Rent out your clothes on Style Lend.
If you have a closet full of clothes that you don’t wear, why not make money by renting them out? Style Lend is an online platform that allows you to do exactly that. With Style Lend, you can list your items on their site and start earning money simply by having someone rent your clothes.
Style Lend makes it easy to list your items and get started earning money with just a few clicks. All you need is an internet connection and some photos of your items. Then, set a rental rate and collect rental income from other fashionistas in your area.
Rent out your musical instruments on Sparkplug.
With Sparkplug, you can list your instruments for rent on their website and ensure potential renters see them in your area. Then, all you have to do is set up a profile with the instrument or instruments you want to rent out and upload pictures of your items.
Once your listing is active, you can start collecting rental income from musicians in your area looking to rent instruments. Plus, Sparkplug provides insurance coverage for the instrument during the rental period, so you don’t have to worry about any damages or theft.
Rent out your boat on Boatsetter.
If you have a boat collecting dust, you can make some extra money by renting it out on Boatsetter. Boatsetter is an online boat rental marketplace allowing boat owners to rent their boats to qualified and insured renters. This provides boat owners with the opportunity to make money while doing nothing more than listing their boats on the site.
Rent out your backyard for events.
With rising rental costs, many people seek alternative spaces to host events. For example, if you have a large backyard or garden, you can make money by renting it out for events like weddings, parties, and other celebrations. Setting up your backyard as an event space is relatively easy and can provide you with a steady source of income.
To rent your backyard, you must create a listing on websites such as Eventective or Peerspace. You’ll need to provide photos and descriptions of the space, decide what amenities you’d like to offer, set a rental rate and determine who is responsible for cleaning the venue after each event. Once your listing goes live, you can start collecting rental income!
Rent out your parking spot.
If you have an extra parking spot that you don’t use, you can make money by renting it out to others. By renting out your parking spot, you can help these people find a convenient place to park their cars at an affordable price. It’s an easy way to make some extra money without much work.
To get started, you can list your parking spot on websites such as JustPark or SpotHero. You’ll need to provide information about the location, set a rental rate and decide how long it will be available. Once your listing is up and running, you can start collecting rental income from people.
Sell your unused household items.
If you’re looking for ways to make money doing nothing, one of the easiest ways is to sell unused household items. Many people have things lying around their homes that they no longer use or need and are just taking up space. By selling these items, you can make some extra cash without putting in any effort.
The best way to sell unused household items is to list them on websites like eBay or Craigslist. Then, all you need to do is take photos of the things, write a detailed description and set a price. Then, wait for someone to purchase your item and start making money!
Sell items on consignment.
Consignment means finding a store or shop willing to display and sell your products without paying for them upfront. Instead, the store will pay you a commission when the item is sold.
Consignment stores are often found in high-end shopping malls, but plenty of online options exist. First, you’ll need to find a store that sells the type of items you have, then contact them to discuss their consignment fees and policies. Once your items are listed, you can start making money without working.
Sell your old textbooks.
With the costs of textbooks continuing to rise, students are looking for ways to save money and get some cash back. One of the best ways to do this is by selling old textbooks. With the help of online marketplaces such as Amazon and eBay, you can easily list and sell your used books to other students or individuals looking for a good deal.
Sell your old electronics.
Making money by selling old electronics is a great way to have some extra cash without doing anything. It’s beneficial if you have electronics you don’t use anymore and don’t want to throw them away. There are a few ways to sell your old electronics, depending on their condition and how much money you want to make from them.
One of the most popular ways to sell electronics is through online marketplaces such as eBay or Craigslist. All you need to do is take some photos, write a description and set a price for your item. Then, wait for someone to purchase it and start making money!
Sell your unused gift cards.
Are any unused gift cards collecting dust in your wallet or drawer? If so, did you know you can make money by selling them?
There are a few ways to go about this. First, you could try to find someone interested in buying the card (at a discounted rate) or list it on a gift card exchange website like Cardpool or Raise. These sites are designed to help buyers and sellers easily trade unwanted cards for cash. Then, all you need to do is set a price, wait for someone to purchase your card and then collect your money!
Get paid for referring friends to services.
Referring your friends to products and services you use can be a great way to make money without doing anything. Many businesses offer referral programs that reward you with cash, credits, discounts, or even free products for recommending their products or services to your friends.
The most common referral program is one where you get paid when your friend makes a purchase. For example, if you refer a friend to an online streaming service, you may get a few dollars every month they keep their subscription active.
Rent out your storage space on Neighbor.
If you’re looking for ways to make money doing nothing, consider renting out your extra storage space on Neighbor. With just a few clicks, you can list your extra storage space and begin earning passive income. All you have to do is sign up for an account, list your storage space, and wait for potential renters to contact you.
With Neighbor, renters can search by location, size, and price to find a match quickly. Plus, you can set the rules for your rental space, and Neighbor handles payments and disputes. So you don’t have to worry about anything!
How to Make Money Doing Almost Nothing With No Assets
Sell photos online
If you have a good eye for photography and want to make extra money, consider selling photos online. This is an easy way to make money doing nothing other than taking pictures of interesting objects or scenes that people might be interested in buying.
Numerous websites are dedicated to selling photos online, such as Shutterstock, iStockPhoto and Fotolia. These sites allow photographers to upload their pictures and get paid each time someone purchases the image. The more photos you have, the more chances you have of making money.
Sign up for cashback apps and websites.
Doing nothing can make you money if you sign up for cashback apps and websites. Cashback apps and websites are a great way to earn money without working. By signing up with one of these sites, you can receive rewards or discounts when shopping at specific stores or restaurants. You will also get cashback on your purchases which can help you save money over time.
Participate in online surveys.
One way to make money without doing anything is to participate in online surveys. Many companies and research firms offer the opportunity for people to earn money by participating in their surveys. Participants can expect to make anywhere from a few cents to a few dollars per survey, depending on the type of survey they are taking and how long it takes them to complete it. Surveys usually take a few minutes and can be done from home.
Get paid for searching the web.
Searching the web can be a way to make money without doing anything. Several companies, such as Qmee and Swagbucks, offer rewards for searching the web using their service. All you need to do is search the web like you normally would, and they will reward you with points or cash when you search through their platform. You can redeem these points for gift cards, money, or other rewards.
Get paid for watching videos and ads.
Many people seek creative ways to make money without too much effort. One popular method is to get paid for watching videos and ads. This can be a great way to make extra income with minimal effort.
One way to do this is by signing up with a service such as InboxDollars or Swagbucks. These services pay you to watch videos, take surveys and engage with ads. The money you can make depends on how much time you have to devote to watching videos and engaging with ads.
Sell crafts on Etsy
Etsy is a popular online marketplace for handmade and vintage items. It is an ideal platform to sell crafts and make money doing nothing. Crafting can be a great way to make extra income, even if you don’t have any prior experience selling or making things. All it takes to get started is some creativity and the right supplies.
To sell your crafts on Etsy, you must create a shop and set up listings for your items. You can also use Etsy’s marketing tools to help you promote your products and reach more buyers. With some effort, you can easily make money selling crafts on Etsy.
Get paid for being a mystery shopper.
Mystery shopping is an easy and fun way to make money doing nothing. Companies hire mystery shoppers to go undercover and assess the service they are receiving at a particular store or restaurant. As a mystery shopper, you get paid to observe how employees interact with customers and how well the business runs.
The most important part of being a mystery shopper is being able to provide accurate and detailed feedback about the experience. Many mystery shopping companies offer rewards for completing assignments, such as cash, gift cards or discounts.
Get paid for downloading apps.
If you want to make extra money without doing any work, downloading apps may be the way to go. A variety of apps available will pay you for installing them onto your smartphone or other devices. These apps typically ask you to complete tasks such as taking surveys, watching videos, or playing games to earn rewards points. You can then exchange these points for cash or gift cards.
Passive income Apps such as Slidejoy and Perkscreen allow you to earn points every time you unlock your phone, and you can convert those points to cash. A few apps out there get paid for doing nothing, which you can install and make you money automatically.
How Will You Make Money Without Doing Anything?
Making money without doing anything is possible, but it won’t make you wealthy overnight. Finding the best ways to make money with minimal effort requires time, effort, and dedication.
However, if you are willing to work on finding creative ways to make money, you can quickly boost your income with little effort.
These are just a few ways to make money doing nothing in Canada. However, anyone can start earning passive income with some creativity and effort.