In our country, there are many ways to make money from home. If you are good at design, you can use DesignCrowd to sell your plans. If you are an excellent software developer, you can make thousands of dollars serving top companies like Facebook using CloudPeeps, and if you have a spare room, you can rent it out at Airbnb.
These methods are conventional and have been embraced by many people. For example, Airb&b made almost a billion dollars in revenues last quarter while Uber made more than $6 billion in revenues last year.
Millions of people are making money doing unusual things like cuddling, renting a friend, and losing weight.
Here is another simple method to make money that will cost you nothing.
In a recent episode of Shark Tank, Olivier Noel introduced his company, DNA Simple. He came to raise $100,000 for a 12.5% stake in the company. In the end, Mark Cuban gave his company $200,000 in exchange for a 20% stake.
Every year, pharmaceutical companies spend billions of dollars in research and development. But, these companies have a major shortage of specimens to do their testing.
This is where DNASimple comes in. The company partners with pharmaceutical research companies and supplies them with specimens. These companies are ready to pay more than $150 per sample, and for each drug, the companies require more than 30,000 samples.
As an individual, you can partner with DNASimple to become a saliva supplier and make more than $50 per sample. Since the demand for your sample is there, you can send as many samples as possible. Therefore, if in a given month, you send ten samples, that will be $500 or $6,000 annually.
To start, you just need to sign up on this page and fill in your personal details. After you have completed the registration process, you will be taken to a page that lists all the ongoing research. You will then express your intention to participate in the study. If you are accepted, DNASimple will send you a saliva kit which you are supposed to fill. After that, just send the kit back to DNASimple and wait for your payment. The company will pay for the postage.
For the pharmaceutical companies, DNASimple solves a major problem. For example, a group that needs 1,000 black people to conduct research, it would take years to recruit them in whitest states of our country. Therefore, by having a database of people who are ready to offer their samples, DNASimple helps these companies complete their studies on time.
In fact, many scientific studies have been killed because they lacked enough samples.
With the backing of Mark Cuban – a billionaire – DNASimple aims to become a partner with major pharmaceutical companies like Merc, Gilead Sciences, and Teva. For example, in its pipeline, Gilead is developing more than 400 drugs which will all require samples.
The company takes privacy issues seriously. In fact, you can’t sign up for the platform using Google, Twitter or Facebook. After signing up, you are the only person who can see your profile. When you send the sample, it is then sent to the companies anonymously. They won’t know who you are, where you live, and what you do.
Why is this a good idea?
First, it won’t cost you a penny, yet, you will make $50 per sample. Second, it is an easy process. All you have to do is to sign up and enroll in scientific research. Third, you will be taking part in the scientific world and help in drug development. As I said, many drugs have been shelved because of inadequate samples. Fourth, each family member can enroll in the program, no matter their age.
As I have advised before, having a side gig, no matter its size is very important, especially for your long-term financial planning. Using the above example, if every month you make $500 and decide to save it all, in 25 years, you will have $150,000 which is good money for retirement.