MONEY WHILE YOU SLEEP

Ways To Make Money While You Sleep

                                                     

If you do remember,  in the past we were warned to be careful about being in debt because interest never stopped charging us; interest never slept, never took a day off, and never took a holiday. Do also know that the reverse is true, as well.

Does  your money make money while you sleep? Does it sound too good to be true? As long as we still live in the age of the interest, it is not that difficult to earn extra money on the side.

Having known this possibility, here are ways that you can actually earn money while you sleep

Start A Blog

Perhaps the most popular way to earn a passive income is by launching your own blog. It only takes a couple of minutes to set up and is cheap to start – just purchase your domain name and pay for hosting.

After that, start creating amazing content that people will be interested in reading or sharing. For example, if you’re an accountant that has helped small business owners with their taxes, then that could be your blog. I personally use my blog to help people  know everything there is to know about achieving financial stability. This draws thousands of signups a month.

Make sure the topics you write about are popular. If you still love your pet rock, I doubt there would be enough people visiting your site to monetize it. But you never know.

As you gain  following, you can start making money from of your blog by Earning commissions as an affiliate.

Here you push other people’s products or services on your site. Ensure these products or services are relevant to your blog. An  example is that financial intelligence blog could become an affiliate for wealth building software. Once you find an affiliate partner, you will be given a unique code so that whenever a visitor clicks that link on your site, will earn you commission.

Sell-Advertising

As your site  has the  traffic to become an affiliate, then it may also be good enough for advertisers to purchase ads on your site. You may start off small, like making under $20 per ad. But you may eventually be able to charge triple digits. Again, your site must be quality.

Find Sponsors

This is slightly different from just selling ads on your site. Sponsorships may be a one-off piece of sponsored content or permanent logo embedded in your footer.

Sell Your Own Information Product

Is there a certain area you are knowledgeable in and is passionate about, then you can start creating products, such as eBooks or videos, and selling them on your blog. It may take a lot of work to create and market your products, but once all the leg work is over, you can just set back and collect the proceeds.

Earn Royalties

you could earn royalties from your work  if you’re a talented musician, actor, or author. This other words means that people will pay you for using your work or creative assets.

If you are not talented enough, but interested in earning royalties, then, check out Royalty Exchange. It’s a marketplace where you can buy and sell royalties.

Create A Membership Community

If you have proved 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 may not be available to non-members.

Check out the likes examples of Timothy Sykes who makes more than $100,000 per month in passive income through his membership community, which discusses how people can make money in trading penny stocks.

Flip websites

Your website which you have put in the time and effort in building and you have gained a lot of traffic, you may be able to sell it to an interested party by listing on marketplaces like Flippa.  People have bought and sold a lot of sites here and made a lot of money.

Sell Physical Products

There are several ways to earn a passive income by selling physical products just like with a blogging site.  One of the best-known ways is by selling your old junk on eBay. But even if you don’t have anything left to sell, you can start drop shopping. This is where you sell products for a company on eBay or Amazon and they take care of the rest – including shipping.

You can also launch your own eCommerce store by using Shopify. They literally give you everything you need to sell products online from a complete online shop to including buy buttons on your social media channels.

Make Investments

When you invest in other outfits, you become a stakeholder. That entitles you to a share of their profits. Investing in companies has been a popular way to earn a passive income for years, and thanks to the internet, it’s easier than ever to research and invest in outfits on your own.

Peer-To-Peer Lending

Some companies have created a new industry where anyone can become a lender. They will then match you with a consumer who either prefers or has trouble securing a loan from a bank. You can earn higher interest rates on the loans you issued since you are dealing directly with the borrower. Some of such company is paylater.

Rent out property

Thanks to Airbnb.  You can rent out your home while on vacation or your vacation home when not in use. You can also rent out your garage, parking space, or unused office space. What a nice supplementary income without really doing anything except placing an ad.