Teenagers are often looking for ways to earn money without sacrificing their studies. They have the energy, creativity, and flexibility to explore various opportunities and grow as individuals. Side hustles are an excellent way for teens to earn money, and with Grass, they can do it without disrupting their daily activities. In this blog post, we discuss how Grass works and why it is an excellent option for teens looking for a passive income.
What is Grass?
Grass is a decentralized network sharing application that enables users to sell their unused internet bandwidth. It is a decentralized alternative to other networks that require intermediaries to facilitate transactions, which often results in exploitation. With Grass, both parties have an equal stake in the network and can exchange resources in a fair and equitable manner.
How does Grass work?
When you download and install the Grass web extension, it runs behind the scenes and shares your unused bandwidth with buyers on the network. Businesses and academic institutions use this data to obtain accurate research data, which is critical in the $274 billion big data industry. Every time your bandwidth is purchased by a buyer on the network, you receive compensation in the form of the protocol's native token.
Why is Grass a great option for teens?
Grass is an excellent side hustle for teens looking for a passive income stream. It does not require active participation, and you can earn money without disrupting your daily activities. Furthermore, as a decentralized network, Grass offers a fair and equitable solution to the problems of exploitative middlemen, which is an important consideration for teens who value fairness and equity.
The Grass Rewards System
As we learned in the intro post, the point of Grass is to sell unused internet bandwidth to companies and academic institutions who need it to view the web. By logging on from a large number of locations, these organizations can obtain accurate statistics and research data that they need for their work. Big data is already a $274 Billion a year industry, and more and more of it hinges on bandwidth sold from residential IP addresses just like yours.
Until now, other people have sold this bandwidth without compensating you. Now, there is a way for you to be compensated. Every time your bandwidth is purchased by a buyer on the Grass network, you get rewarded for it. How does this work?
If you look at your dashboard, you’ll see that these rewards are measured in Grass Points. Points are paid out in direct proportion to the amount of uptime you have on the network, so as long as your computer is on and connected to the internet, you should be racking them up. You’ll also receive a 20% commission on any points accrued by people you refer, so spread that referral link at the bottom right if you get the chance. Hell, share it with this article if you want to. At this stage, you could still be earning up to 100 points an hour, plus another 20 from any of your referrals. Not bad!
So this all sounds great, but how does it translate to passive income?
How To Make Upwards of $900 Per Year
Grass points will soon be redeemable and you’ll get paid out on PayPal, in cryptocurrency, or in virtual gift cards. The question is — how much could these points actually be worth?
Well, when buyers use your bandwidth on the Grass network, they pay by the gigabyte for all the web data they access. While other proxy networks universally pay you a fraction (if anything at all) for this resource, 100% of Grass’s revenue gets redistributed to the network. So if a buyer spends $2,000 for a dataset from the web, $2,000 goes into your pockets.
What does that add up to for you?
One study of similar networks showed that buyers downloaded an average of 15GB of data per month through each proxy IP. (The average North American downloads 536 GB per month, so an extra 15 isn’t too serious for any one user.)
How much do buyers pay for this bandwidth? The price per GB will scale with the network, but let’s use $5 for this example.
Time Period: 5 Years
On an annual basis, this equals out to $900 per year, or $75 per month. In other words, if the network does these numbers, you could be making enough to cover your phone or internet bill every month, entirely by selling bandwidth, which requires absolutely no work.
Pretty great! Let’s take this one step farther, though…
Our Progress is Your Paycheck
You may have noticed in the previous section that we said buyers download “an average of 15GB of data per month.” If you look at that study, though, the numbers range very widely from one network to another. Here’s where it gets interesting.
Because the entire point of using residential proxies is for companies to spread out the locations from which they access web data, the amount that buyers will pay for bandwidth is proportional to how many nodes are operating on them.
Get it? The more IPs operating on Grass, the more buyers will pay for each gigabyte they use.
Here are two very important points to consider in light of that fact:
- As you use the web extension and log uptime on the network, you’re not just earning Grass points at a set value. By expanding the network, you’re making it more valuable and thus actively contributing to raising your own fees!
- When you accumulate points, you own a part of the network. As the network grows in value, you will also share in this growth.
If you’re reading this now, you are by definition one of the earliest users of this product, so you will inevitably be with us as the network gets bigger and bigger. As time goes on, you’ll see us giving updates about key statistics for measuring network growth. Keep in mind that when you see these, they are signs of success for all of us, including you.
What are some things to consider when using Grass?
While Grass offers a great opportunity for teens looking to earn money, there are some things to consider before getting started. First, you need to ensure that you have a reliable internet connection. Grass only works when your computer is connected to the internet and has some unused bandwidth. Second, you need to set up a wallet to receive your payments. Finally, it's crucial to be aware of the potential risks associated with any online activity, such as data breaches and cyber attacks.
In conclusion, Grass is an excellent side hustle idea for teens looking to earn money while balancing their schoolwork. With its passive earning potential, fair compensation system, and equitable network, Grass is a great option for teens who want a side hustle that aligns with their values. If you have a reliable internet connection and some unused bandwidth, we encourage you to give Grass a try and see how you can start earning today!