How to Earn Passive Income Online
I haven’t talked about this simple free website in over 2 years. But yet, I’m still earning a few hundred dollars per month in passive income from it.
First of all, let me ask you…do you buy domain names from GoDaddy.com? If so, are you collecting 12% cash back on your purchase every time you place an order? Does your small business ever order ink or toner cartridges online, first of all at a huge discount to retail stores, and secondly, collect 20% cash back on your purchase? If not, you should be.
It’s free and it’s easy to do. Every day thousands of online shoppers collect free cash back on their shopping purchases by simply logging into the Mr Rebates cash back website first, then using the link on Mr Rebates to go to their favorite online store. Mr Rebates will track the purchase and give you cash back on your purchase. They will also give you excellent coupon codes to use to save you even more money.
I always use Mr Rebates to earn cash back on my purchases, including my domain names from GoDaddy.com, and any personal shopping I do online. Mr Rebates has more than 2000 stores that they offer cash back from, so you are sure to find your favorite stores listed.
But that’s not how I earn $200-$300 per month in passive income.
What earns me $200-$300 per month in passive income is their generous free referral program. Basically, you just tell people that they can get free cash back on their purchases by signing up for Mr Rebates. When they sign up using your referral link or email address, they will be considered your referral, for life. Every single time that shopper makes an online purchase that qualifies for cash back, so will you. You will be paid a referral bonus that equals 20% of the amount of cash back they received. And this bonus is paid from Mr Rebates, not out of the shopper’s cash back. They will still earn the same amount of cash back on purchases, whether someone referred them or not.
These shoppers will continue to earn cash back on their purchases, and you will continue to earn cash back every time THEY SHOP. How great is that? Most cash back amounts will only be a matter of cents, but it all adds up. If you can get people to sign up who order supplies online for their businesses, then you can collect much more in referral bonuses. I have a few referrals that commonly earn $250 in cash back on one order, which earns me $50 (20% x $250).
What I like about the Mr Rebates referral program is that you are paid EVERY TIME your referral earns cash back, for the life of their account. Some of the other cash back websites will only pay you one $5 bonus for referring a new shopper. This makes one signup an ongoing passive income stream from you. And the best part is that it’s easy to get people to sign up. I mean, who doesn’t want free cash back on their purchases? At absolutely no cost to them.
How to Join the Mr Rebates Referral Program:
You can join Mr Rebates for FREE here. Once you have joined, simply go to the “Refer Friends” tab, and use the provided banners, links, and email templates to start getting referrals. Remember, every time your referred shopper earns cash back, so do you! And it’s totally FREE!
Some FAQ about Mr Rebates:
- Once a purchase is made, Mr Rebates will place the cash back in a “pending” status for 90 days, to allow for payment by the merchant and to make sure you didn’t return the item. Once the 90 days are up, the cash back is “available” to be paid out to you. This 90 day holding time also applies to the referral bonuses.
- You must have at least $10 in available cash back to be eligible for payment (your referral bonuses count towards this $10).
- Mr Rebates pays out the cash back monthly, but you must log into your account and request it, by either using the “request check” or “request Paypal” link.
- Once requested, it will be paid out to you on the following 1st of the month. So if you request it on the 15th, it will be paid the next 1st. If you request it on the 31st, it will be paid the next day, on the 1st.
- There is no limit to the amount of cash back you can earn, or the amount of referral bonuses you can earn
This passive income source only gives me a few hundred dollars per month (right now), but it’s a free and easy way to earn passive income online. The main reason it’s so great is simply because you are not selling anything to anyone. You are basically giving away free money. And there is no cost to you to join or get started or anything. You could simply add your referral link to your email signature, or include it in the sidebar of your website or blog.
This was one of my very first ways I earned money online and I have been earning passive income from them for more than 5 years. My first payment was received in March 2009. I’ve never had any issues with receiving my payments, and I continue to collect cash back on my own personal shopping purchases. I think it’s a great way to save money on my own purchases and also earn money by referring other people.