passive income

More ways to earn passive income recycling ink cartridges

I’ve written about making money with ink cartridges before. I think it’s an incredibly easy and great way to build a steady passive income without much effort.

I believe that finding the right locations where a lot of ink cartridges and toner are used are the critical factors in building a successful side income from ink cartridge collection. In my earlier post on the topic I talked about location placement with medical offices and law offices. In many areas, medical offices are often grouped together and I still believe placement in these locations is a great idea. Building relationships with the office managers is important.

Another great location placement idea for building a passive income business recycling ink cartridges is in or near schools. Schools make massive amounts of copies and printouts. Schools have all sorts of printers and copiers that consume a wide variety of ink cartridges and toner cartridges. Establishing locations in or near schools to collect ink cartridges provides numerous benefits, including:

  • Positive environmental impact by recycling ink & toner cartridges that would normally end up in a landfill
  • Placement in schools can provide a teaching and learning opportunity for teachers and students to learn about the benefits of recycling and reducing waste
  • Establishing a partnership with one or more groups or programs within a school that will provide them with a financial benefit for partnering with you (more on this below)

There are many opportunities to partner with schools to build your ink cartridge recycling business. Any type of school that prints anything can make a good partner and provide an ongoing passive income for your business.

Local School Districts

Traditional public schools in your community will usually have computers and printers in all of the classrooms. Even a small elementary school may have 20 or 30 printers. Often times there will be a single person or office that is dedicated to purchasing within a school or school district.

In other cases, introducing yourself to groups and the people that run extra-curricular activities at a school can be the driver for getting access to their ink cartridges. You can easily create a financial incentive for school groups to help you. Propose to them that you’re willing to donate a portion of the proceeds that you earn from their collection of ink cartridges to their program. Most school programs will dive at the chance to bring in extra money just by placing an ink cartridge collection box near their office. It’s also important to encourage them to notify the parents of the students in their program that they are collecting ink cartridges for recycling and they’ll make money from the effort.

Partnering with a school program like this can be a lucrative operation. Between the ink cartridges that are used by the school and any that are brought in by students it can add up quickly. In my experience with partnering with the music programs at three local middle schools and two local high schools I collect on average of around 100 ink cartridges per month during the school year. Since I’ve found a couple of different companies that are paying me around $3 per ink cartridge, I’m able to earn around $200 for myself and donate $100 per month towards the schools music programs. It’s a win-win for both of us and it only takes me a couple of hours per month to pick up the ink cartridges and sort them for recycling.

Colleges & Universities

Another place that I have found that is a great placement location for ink cartridge recycling collections is local colleges and universities. In particular, student dormitories.

Using a similar approach as I have with local public school music programs, I have made partnership with residence hall directors that provides a donation in exchange for putting a e-waste recycling collection box  in the lobby area of the dorm.

Most dorms have hundreds of students and all of them are constantly printing papers and projects for their classes. Each of the locations that I have partnered with in the dorms of a local university provides me with around 50 to 60 ink cartridges per month, per location, and they’ve been increasing every month since I started placing them there. So far at one local university I have four dorm locations and it only takes me about an hour or two every month to collect the ink cartridges and sort them for recycling. From these locations alone I earn around $600 per month for just a few hours work and donate back around $150 per month to the dorms.

As an added bonus, a couple of students have put old cell phones and batteries in the collection boxes. I have been able to resell the cell phones for a few extra dollars each and the batteries have been added to my scrap metal collection.

Start up supplies

There are a couple of things that you need in order to ensure successful ink cartridge collection this way. Each location needs a sturdy collection box that is clearly labeled with what you’re collected. I’ve used both cardboard boxes and plastic containers designed for e-waste collection. In my experience the plastic containers cost a little more but last longer. The plastic bins also look more professional and can easily handle being located in a busy corridor.

 

double-bin-with-labelsDouble Bin with replaceable label inserts available from Amazon

 

 

 

 

 

Conclusion

All together, through my partnership with local schools and universities, I’ve been earning around $1,200 per month in just a few hours work collecting and sorting ink and toner cartridges. Most of the locations continue to grow month after month. Most of the time I will stop by and do the collections while I’m out and about running other errands nearby.

 

 

 

Multiple Streams of Income

The key to building long-term wealth and being able to sustain $300 per day is to diversify your income sources. Having multiple streams of income provides you with the security that if one of the income streams stops producing you still have other income streams that continue to bring in revenue.

The most important factor in building multiple streams of income is to develop income streams that are passive and don’t require much effort on your part to maintain. Passive income streams can include royalties from Amazon Kindle Books that you’ve written, royalties from videos, music or spoken word recordings that you’ve created and syndicated, affiliate programs that developed that are on autopilot. All of these methods require some effort on your part up front to create, but once you’ve developed each of these systems, the rewards will be ongoing.

Diversifying into multiple streams of income also allows you the opportunity to test new programs and develop new systems to increase your income over time while minimizing the risk of failure. Not every attempt at building a passive stream of income will be a success, and finding the right niche that you can develop doesn’t happen overnight.

The key to success is to keep trying and trying until you achieve the results that you want.

Get Paid for Freelance Work with Payoneer and get $25 free

Payoneer is a global payment service similar to PayPal. Payoneer allows you to get paid from many companies that are hiring freelancers online. Whether you’re moonlighting as a freelance web developer on UpWork, or writing articles for blogs and magazines, or performing transcribing or translation services, many of the companies will pay through Payoneer. Payoneer offers an account that can accept funds from practically any source. The funds in your account can be transferred to your regular checking or savings account or can be accessed directly with a Mastercard Debit card that is directly linked to your Payoneer account balance.

Signing up for Payoneer is free. Payoneer also offers a referral program. By signing up through the referral program you will receive $25 free once your account is set up and receiving funds. Payoneer also pays a $25 commission to the person who referred you. Once you’re signed up for the Payoneer service you can begin making your own referrals and earn a $25 commission each time one of your friends on colleagues signs up.

Payoneer can be a great way to earn a steady amount of side income while your performing freelance work and getting paid for it.

Make Money w/Instagram – InstaProfitGram

If you use Instagram and it’s not currently making you money then you are missing out. to make some extra cash each month then you are seriously missing out. Armed with nothing more than their Instagram account, their mobile phone and their love for taking pictures, people are turning their passion into cash. And so can you!

What would an extra $750 each week mean to you? If you are anything like the people we’ve helped then you’d probably say “$750 would be awesome!”

20,000 members have seen the raw power of InstaProfitGram and are earning hundreds of dollars per week. We now want to invite you to be part of this awesome crowd, and its EASIER than you think!

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InstaProfitGram

Build a steady income stream making YouTube videos

You can make money with YouTube. Beyond that, you can build a steady income stream from YouTube. YouTube places ads either before a video (pre-roll) or as a banner ad over the low section of a video while it’s playing.

How It Works
When you post unique videos to YouTube you can monetize your channel and YouTube will share a portion of the revenue’s generated from ads played alongside your videos.

You associate a Google Adsense account with you YouTube account. In 2014, on average, YouTube paid out $7.60 per thousand video views. So a content provider that averages 100,000 view per month could expect to earn around $760 per month from their unique content, around $25 per day. While it’s nowhere close to the $300 per day, but having some fun producing how-to videos or gadget unboxing videos in your spare time can build up your passive income stream putting you on your way to earning $300 per day in passive income.

What kind of videos can you make?
Almost anything can become an overnight viral sensation on YouTube. However, don’t expect to wake up tomorrow and find that the video of your cat playing with a cardboard box is going to get you a million video views.

Research on YouTube shows that some of the types of videos that get consistent plays are those that demonstrate something, such as DIY home improvement techniques or how-to videos demonstrating a skill. Also videos that show the unboxing and assembly of the latest toys or electronics and gadgets are high in popularity. The key is to find something that you enjoy doing that you are knowledgable at and can demonstrate.

Maybe you’ve got a side business baking organic all-natural dog treats and you can demonstrate your recipes and preparations. You can also leverage YouTube to sell your wares in this case.

Perhaps you’re great at crocheting scarves, maybe it’s forging hand-crafted knives from raw steel, or juggling bean bags. Everyone has some skill or talent that they can share with others and YouTube is an excellent medium for sharing that skill or talent. In addition to providing ways to monetize your skill.

YouTube does have some do’s and do nots.

From YouTube:

Examples of videos that could be eligible include:

  • You filmed your cat and there is no background music.
  • Your video contains royalty-free music, and you can prove commercial rights using direct links to the song and applicable license.
  • Your friend’s band wrote and recorded a song for your video and states in writing that you can use and make money from it.

 

Your video is not eligible if it contains content that you didn’t create or get permission from its creator to use. You need to be able to show written permission for the following video elements:

  • Audio: copyrighted sound recordings, live performances, background music, etc.
  • Visuals: images, logos, software, video game footage, etc.
  • Any other content you don’t own worldwide commercial usage rights to.

Examples of videos that are NOT eligible

  • Your video contains a song you purchased for personal use (e.g., bought on iTunes or in a store) but didn’t obtain a commercial license.
  • You found a video on the Internet and you cannot prove that it’s in the public domain.
  • You are singing words of your favorite copyrighted song and there is copyrighted audio in the background, such as instrumental or karaoke tracks.
  • You have used content from someone else without permission, but you haven’t yet received a copyright notice on your video.
  • Your video does not provide proper attribution or credits as required by a license.

If your video is not eligible, it may be removed from YouTube.

Affiliate Marketing with PayDotCom.com

If you are familiar with Clickbank.com (R), or even if you are not but you want to make profits online, then you will want to check this out ASAP …

While I love Clickbank, and they are a great marketplace… they are limited to many restrictions to sell products or earn affiliate commissions…

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Did I mention it is 100% FREE to Join!

This site is going to KILL all other marketplaces and I by now, almost EVERY SINGLE SERIOUS online marketer has an account with PayDotCom.com

So get yours now and see how much they offer…
OH! – Also, they have their won affiliate program now that pays you COLD HARD cash just for sharing the site with people like I am doing with you…

They give you cool tools like BLOG WIDGETS, and they even have an advertising program to help you get traffic to your site.

If you want an ARMY of affiliates to sell your products for you, they also allow you to have Free placement in their marketplace!

Even better… If your product becomes one of the Top 25 products in its category in the marketplace (not that hard to do)…

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How to make $300 every day

Making $300 per day takes time, effort and hard work. In order to make $300 per day you will need to develop multiple income streams. Some of those income streams will be passive income streams, meaning that there is very little you need to do to manage the income stream. Other will be active income streams and require attention from you every day. The logical thing to do would be to build as many passive streams of income, allowing for more free time to transition some of your active income streams to passive streams.

This blog is about developing both active and passive income streams with the goal of you being able to make $300 per day from them.

What is $300 per day in relation to a regular job? If you were to earn $300 per day at a regular job working 8 hours per day, you’re hourly pay would be $37.50. If you annualized that to a full year, working 5 days per week it would be the salary equivalent of a $75,000 per year salary.

What if we could make $300 per day, everyday, seven days per week? Well, that would be the equivalent of a $109,500 per year salary. Now we’re talking about a six figure income with our goal being to turn as much of this, if not all of it, into passive income.

Think of all of the things that you could do with your time if you were able to build a machine, or rather, a set of machines, that could make you $300 per day. You won’t get rich over night, but if you read through the posts on this site and apply the steps and techniques discussed you will be on your way to developing a passive income stream.