How To Make Money While Sleeping – Do you remember in the past we were warned to be careful with debt ?? Because the “flowers” of the debt will never stop chasing us, the flowers never sleep, and never take a holiday. Well vice versa, money is also like that.
Does your money make money back while you sleep? Does that sound too good to be true? Since we are still living in an interesting age, it is actually not difficult to earn extra money while we are sleeping.
With such a big desire in your mind, here are 11 ways you can really make money while you sleep.
1. Start a blog.
Perhaps the most popular way to earn passive income is to create your own blog. It only takes a few minutes to set-up and to start this business just takes a low cost. You simply buy your domain name and you need to pay for hosting.
After that, start creating great content, which can get people interested in reading or sharing your content. For example, if you are an accountant who has helped small business owners and their taxes, then the story can be the content of your blog. I personally have a blog invoice to help customers know everything they need to know about invoicing. Even this blog attracts thousands of signups per month.
Make sure the topic you write is about something that is popular right now. If you just write about your favorite, I doubt if there will be enough people who visit your site to make money. But you never know.
Once you get a follower, you can start “making money” from your blog by:
- Getting commission as an affiliate.
This is where you endorse the products or services of others on your site. Make sure the product or service is relevant to your blog. For example, an accounting blog can be an affiliate for accounting or invoice software. Once you find an affiliate partner, you will be given a unique code so that whenever a visitor clicks a link on your site you will earn a commission.
If your site has traffic to become an affiliate, then it may also be good enough for advertisers to buy ads on your site. You may start from a small nominal, like making under $ 10 per ad. But, in the end, you can fill in the additional three digits “0” behind your par! Again, your site must be qualified.
- Looking for sponsors.
It’s a little different than just selling ads on your site. Sponsors may be just a fraction of your content. Sponsor or logo remain embedded in your footer.
2. Sell your own information product.
If you have knowledge in a particular area, then you can start creating products, such as eBooks or videos, and sell them on your blog. It may take a lot of time to create and market your product, but once all the work is done, you just rearrange your content and collect the proceeds from your sales.
3. Get a royalty.
If you are a talented musician, actor, or writer, then you can earn royalties from your work. In other words, people will pay for your talents or creativity assets.
If you are not talented enough but still interested in getting royalties, try checking Royalty Exchange. This is a market where you can buy and sell royalties.
4. Create a membership community.
If you have proven yourself to be an authority figure, then you can create a membership community where you pay a monthly fee to receive additional high-quality content and information that is not available to non-members.
5. Install the autoresponder.
Another common online business model is using autoresponders to sell services, products or memberships. This is where people leave their e-mail address on your site and then they will receive an automated e-mail containing links to download the product or quality information you offer, as well as follow-up with a series of emails.
6. Sell the website.
If you have spent time and effort in building a website and you have gotten a lot of traffic, then you may be able to sell it to an interested party with a listing in the market like Flippa.
7. Sell physical products.
Just like with blogging sites, there are several ways to earn passive income by selling physical products. Probably one of the best ways is to sell your old trash on eBay.
Even if you do not have anything else to sell, you can start “drop shopping”. This is where you sell products to a company on eBay or Amazon and they will take care of the rest, including shipping.
8. Invest in shares or shares.
When you invest in shares, you will become the bet holder. It’s your right to share their profits. Investing in stocks has become a popular way to earn passive income over the years. And thanks to the internet, researching and investing in stocks is easier than ever.
Keep in mind that the stock you invest can change the different stages of life. For example, I am looking for investments that can be profitable for my daughter, such as the CA529 plan that will be used for her college tuition.
9. Peer-to-peer loans.
Companies like LendingClub and Harmony have created a new industry where everyone can become a lender. They will then match you with consumers who prefer the system or have difficulty securing a loan from the bank. You can get a higher interest rate on your loan because you are dealing directly with the borrower.
10. Renting properties.
Thanks to Airbnb, you can rent your home while on vacation or when your home is not in use. You can also rent out your garage, parking space, or unused office space. This is a great additional income without the effort of doing so much except placing ads.
11. Intermediary lease.
It is also known as arbitration. And basically is where other people do the work for you. For example, you can start a service for dog walking service or corporate web design, but outsourced the actual running dog or coding for others. You are much better off doing anything except to be an intermediary in charge of marketing this service.