If you are like most people, the bulk of your income comes from active income. That means you go to work every day and receive a paycheck from your employer at the end of the pay period. Or, if you own your business, the income you generate is from selling your products and/or services to your clients.
Whichever the case, the reality is that you get paid for the time you spend working. The problem with this model of “time = money” is that time is a very limited resource.
In their yearly report, TD Ameritrade indicated that in 2019, 62% of Americans are behind on their retirement savings. Millennials (aged 23 to 38) say that housing costs are to blame, while members of Generation X (aged 39-54) point the finger at inadequate income.
Either way, if your time is limited and you are already working a full-time job, how can you possibly make up the difference?
As Warren Buffet famously said, “If you don’t find a way to make money while you sleep, then you’ll work until you die.”
In this article, we will discuss the importance of creating a passive income stream and how we make it possible for you with the Honeygain app!
What is ‘passive income’?
According to a recent article published by Forbes, “passive income is income that requires no effort to generate on a recurring basis.” The same article emphasizes that passive income is often taxed less than W-2 income and can be built in two ways: by buying capital in the forms of real estate or investments that provide a passive income stream, or by building an income stream through different resources, relationships, and a little effort put in on the front end.
In contrast to active income, which requires a significant investment of time and effort to generate, passive income streams keep flowing for the duration of the investment, even when time and effort are lacking.
Some examples of traditional sources of passive income include revenue from investments, real estate, and silent partnerships in business. Some newer forms include online sources such as ad revenue from a website that you created, and apps for your phone and PC that give you money or consumer rewards in exchange for tracking your purchases or online activity.
However, Honeygain is a different way to earn passive income. It does not require an initial investment to get started (or any monetary or time investment, for that matter), and you are not paid to track your online habits or gather any personal information.
How does Honeygain work?
The Honeygain app is first and foremost a solution for businesses that carry out web intelligence tasks – for example, SEO monitoring, ad verification, market research, brand protection, pricing intelligence, and travel fare aggregation. All of these tasks help ensure the effectiveness of the resources that companies invest in online advertising, merchandising, and internal operations.
For example, ad verification helps to ensure that the ads that a company pays for are appearing on legitimate websites and in the correct format. Advertising fraud causes companies about 8.2 billion US dollars in revenue loss per year, as shown by research published by the Interactive Ad Bureau in 2015. By 2021, we can be sure that the number has increased significantly.
For many businesses, the obstacle to safeguarding against this danger is the generous budget and computing power that it requires. The Honeygain app creates a gateway network for businesses, allowing them to access IP addresses in different locations around the world, which enables them to perform ad verification and fraud detection in the geographic and political regions where the specific IP addresses are found.
For App Users
Whereas, for private individuals who choose to use the Honeygain app, it works by just sharing their unused internet capacity. They can opt into a passive income stream that pays up to $30 per month! Not bad for doing nothing, right?
This is how it works:
Step 1: Download the app from Honeygain’s website and sign with a special coupon Passiveincome to get a $5 starter gift. Do not forget to install it on all of your devices (PC and smartphone!)
Step 2: The app allocates a small portion of your unused internet data to third-party computing applications. These organizations basically lease your excess internet data for various web intelligence tasks – like the ones mentioned earlier – and pay you a small amount for each MB of data they use.
For starters, you can make money by literally doing nothing. The app pays its users through credits, awarding them 1 credit per 10MB shared, which equals about $1.00 per 10 GB of data.
By allowing the app to stay turned on, you can make up to $20+ per month! Plus, the app’s referral system will enable users to earn extra by paying them a monthly bonus equal to 10% of what the referee makes.
Honeygain will never slow down your internet because it only uses the MB that is not currently in use by other devices. App users can connect multiple devices to take advantage of various IP addresses and earn substantially more per month!
Rest assured, Honeygain will not make you exceed your mobile data limit because you can set it to come on only when you have a Wi-Fi connection.
Nor does it gather any information about your online activities or personal information other than what it needs to pay you (currently, the only payment method is through PayPal).
Some downsides to the app include the extra battery usage that it requires (about 10% of your battery life per day) and the payout minimum of $20. These two things become insignificant when you consider the extra monthly income for minimal input.
Let’s recap. If you’re a person with the majority of your income coming from active income and you’re looking for ways to start constructing passive income streams, then the Honeygain app is a great place to start! It provides a much-needed service for businesses to conduct their daily tasks online in a way that also benefits its contributors, Honeygain’s app users!
When you think about it, you’re already paying for those great internet and smartphone packages, so why not take full advantage of them?