In the world we live in today, it is advised that everybody has channels to make passive income. These passive incomes keep one safe when the chips are down. Gift cards can be a good source of passive income if the holder isn’t able to redeem them for gifts. An even better source of passive income is discounted gift cards. People who have been privileged to discover this secret has been trading on discounted gift cards. So what exactly is discounted gift cards and how can they help you make more money? All that will be answered in this post.
What is a Discounted Gift Card?
As we know, gift cards are pre-paid vouchers used in place of cash for the purchase of items or services. The amount of money preloaded on the card determines how much it will cost. For example, a $100 gift card will be worth $100. If it’s a physical card the amount would likely be written on the card. Now that we get these facts it will be easier to understand Discounted gift cards. Discounted gift cards are vouchers that are sold to buyers at a price that is less than their worth. For example, the $100 worth of gift card can be sold to a buyer at $85. The buyer would be saving $15 with that kind of deal. These gift cards can be bought online or over the counter in stores that sell gift cards.
One might wonder how these kinds of gift cards exist, well your curiosity will be satisfied. When a holder has no need to shop with the gift card, instead of allowing it to go to waste they exchange it for cash. Sometimes the unwanted gift card can also be exchanged for a different brand of gift card. Now to the part of this article, everybody should be interested in, how can discounted gift cards become passive income?
How to Turn Them to Passive Income
By this point of the article, entrepreneurial minds should have seen the Rainbow and the pot of gold. If you haven’t seen it already, no worries, let the next few lines light up the way for you.
When an individual buys a $100 gift card for $85 and sells the same gift card for $95, that person will be making $10. Also if you have a used gift card with some balance in it, that is a discounted gift card. It can be sold for less than the price but at a good rate.
In case you are wondering where you can sell trade, look no further than Prestmit. They buy gift cards at very good rates and the platform is easy to navigate. So get on it and start making that passive income with your discounted gift cards.