Making money while sleeping is like a pipe dream.
But there are some passive income idea and online marketing strategies through which your dream comes true.
Although you might think I am kidding you, by using the strategies about ‘the best way to make money while sleeping’ which I mentioned over the posts and doing a little bit of effort you certainly can earn money while you sleep.
The great businessman of all time Warren Buffet also said in his “make money while you sleeping quote that, “If you don’t find a way to make money while you sleep, you will work until you die.”
So, to live a financially independent life making passive income is very crucial. And in this internet era, it is not difficult at all to earn extra money.
Gain brief knowledge about -What is passive income?
Inlay person’s words, passive income is generating money by doing ‘nothing’.
However in reality, although it doesn’t need your active present, it definitely needs your initial investment of money, time, and effort.
But once you set up your income source it needs minimal or zero effort to maintain it.
Although it looks effortless, but It’s not as easy as it seems. It requires a proper mindset, goals, strategy to run successfully.
You can’t be a millionaire overnight. But I know, a truly dedicated person like you can earn some passive income in a very short period.
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How to make passive money:
To earn extra side hustle income, the first and foremost part is, you have to set up a mindset and an objective for your income stream.
Always be positive towards your goal.
Some must-do tips for making money while sleeping are:
- Believe in yourself. If you can dream it, you can do it.
- Learn to earn.
- Do the application-oriented technique.
- Do good research about the field of income you want to start. Know all it’s merits and demerits about it. Be practical in your thinking.
- Give your best. Do hard work as much as you can to fulfil your dreams.
- Learn from your mistakes.
- Be flexible. Always updated towards your marketplace and business technique.
17 Best Ways to Make Money While You Sleep
Here are 17 best ways to make money while you sleep,
1. Invest in the Stock Market
Stock Market or Share Market is the most familiar and traditional way to earn money while sleeping.
Developing a portfolio of shares that can produce a generous return for a long period consistently is the only thing it needs to earn from the stock market.
But you have to keep in mind that it’s not everyone’s cup of tea as there are so many ups and downs present here.
But if you are a good risk-taker then it’s worth it in the long term and you can earn a very high return from it.
There are several ways to invest like you can invest in index funds, individual stock, bonds, ETFs -through capital appreciation and from dividends.
If you have only a few capitals than you can use some micro-investment and Robo-investing app to manage your investment like –
2. Affiliate Marketing
Affiliate Marketing is supposed to be the easiest online business model nowadays.
And this is among the best way to make money while you sleep. Like what I am doing.
Let me show some of my earnings which I got in sale for promoting Siteground through my website. And I feel so happy when I wake up and see such emails in my inbox.
Here you just have to suggest any company or person’s products to your audience and if someone purchases the product you earn up to 15-50% commission for your referral.
In this business, you need minimal entry capital and even you can start with an empty pocket.
I started with single hosting and domain purchase and started a blog and right now per month earning a decent amount and the main source is affiliate marketing only.
You can also start a blog with just $2.95 per month and start earning with the right content and strategies.
If you have a good audience, once you enter the business, you just have to do nothing, you can make money in your sleep. And you can earn a very good amount of money.
But like every business here also you have to need techniques and skills to grow the business.
Learn how the author is earning $500,000+ per year from affiliate marketing.
Webinars is one of the best ways to reap money while sleeping.
Webinars is an online seminar which involves both discussions, training, some kind of interaction and meeting.
There are both live and automated webinars. To earn money, while sleeping you must have to go for an automated one.
Automated webinars operated 24/7. Here you have to sell something like a course, coughing, or software product. You can pocket a high amount of return though it.
Here endless opportunities present and repackaging chances are abundant.
You have to train yourself first to become good webinars. A well-executed webinar takes labour, but it’s worth it.
4. Create your own blog
Blogging platforms become in trend today for a passive income source.
You can start a blog in any niche in which you are interested in and have knowledge.
Then write some awesome, eye-catching blog posts. Once you gain good traffic and your site is filled with SEO optimise, the content you can monetise your blog.
You can start a blog with WordPress, which is super simple for beginners to kickstart. Right now more than 30% of the world website is on WordPress.
If you sign up with good ads, do affiliate marketing and pen sponsored posts you can grab good money.
If you find passion about blogging you can learn how to earn from blogging and you can take guidance from the one who is already succeeding in this field.
Follow my Guide to start a blog in 2020 and make your blog profitable.
5. Write an eBook
If you always dreamed of publishing a book but fear about how to do it then eBook is a great idea.
You can monetize it to get great revenue.
You can write about any topic like a fiction novel, marketing guide, comic book, romantic novels and now you have a good option where you can self-publish your book.
You can create your own site where you can publish the ebook or you can sell it in some online platform like Amazon kindle store, iBooks Author, Google Play.
In the case of self-publishing you from printing, storage to delivery everything is taken automatically.
Once you upload your book and it will be live in the market with proper marketing, you are gonna earn money while sleeping.
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Drop-Shipping becomes bird-eye to make money while sleeping.
If you have some capital in your hand then you must try it for your passive income source.
Here you have to just sell products online without concerning about storing, packaging and shifting. A third party will take care all about this.
The steps you have to follow to run Drop-shipping successfully:
- Create an online store on Shopify.
- Go to Amazon or Aliexpress and choose the product you expect to sell.
- Enlisted the product on your Shopify store with a profit margin whatever you want.
- Start promoting the product through your social media sites.
- When any customer places an order from your Shopify store you need to purchase the product from Amazon or AliExpress and get it shipped directly to your customer’s door.
- You get 20%-30% profit pre-sells.
You can start with Shopify 14 days free trial and create your own store and start selling any items you want.
Here all things are autopilot and you also focus on your daily corporate job without any interruption.
7. Start Amazon FBA business
Amazon launched a program Fulfilment by Amazon to fulfil the dreams of many retailers to sell their products online.
Here you only have to generate the product and market it, Amazon does the rest of the things like packaging, shipping, billing etc.
You have to learn marketing well and Amazon will take care of the rest of supply-chain.
For this, you have to create a seller account, choose a niche, list your product on your account, marketing it.
Amazon has an enormous opportunity for aspiring newbie business, you have skills you can easily make money from.
8. Rent your property
If you have an asset, some property, and commodities, which you don’t use you can utilise them to make money.
Second-hand sales are in trend now.
You can use a garage or yards for rent, sell your old furniture, electronics in the various online platforms like eBay, Amazon, Gumtree, sell them by advertising in your social media platforms.
You can list some rooms of a house on some online platform like Airbnb. Rent out your car etc
This gives you a good Cash on your hands if you live in a city or some areas near the tourist spot.
More to Read:
- 21 Authentic Ways To Make Money Without A Job in 2020
- 15 Ideas To Start A Business Without Investment In 2020
- Best Marketing Books – Master The Business Skills In 2020
- Best Business Audiobooks Of 2020 For Entrepreneurs
- Tips For Starting A Startup In College
9. Peer-to-peer lending
Peer-to-peer lending which is also known as social lending or crowdlending is a very accurate way to earn money in automation.
P2P (Peer-to-peer) lending enables someone to get a loan directly from the other individual, cutting out the other organizations as a middleman.
Many websites give us the facilities which increase P2P lending adoption as an alternative way of financing. Some firms are
- Home buying
- Home improvement
- Business loans
- Credit card refinancing etc
Steps through which the whole P2P landing performed are:
Step-1 An investor has to open an account with the site and deposits a sum of money to be dispersed in loans.
Step-2 The loan applicant posts a financial profile that is appointed a risk level that specifies the interest rate the applicant will deliver.
Step-3 The loan applicant reviews offers and accepts some of them.
Step-4 The money transfer and the monthly payments are regulated through the site.
The system can be completely automated, or lenders and borrowers can select to haggle.
10. Sell stock content
If you carry some unused photos, sketches, video, design, audio then you can sell them in some sites, self-publishers, app creators, the advertiser who are interested in second-hand service.
It’s an elusive source of passive income.
It’s a great secondary source of income as once you upload your photo or content as a digital product you can earn whenever someone downloads it.
This can happen thousands of times without any extra effort on your aspect.
Some platform which provides such facility are-
- Getty Images
I would recommend to go with Shutterstock and submit your awesome photos and earn at least $200/mo.
11. Sell online course
In today’s world of internet, online courses are the future.
You don’t need to be an expert to teach if you only have certain knowledge about any topic you can do this easily.
Figure out which topics are in trend by looking at which courses are selling well already, Make sure your course is that much good which can stand out among the crowd.
And then start marketing it appropriately.
Upload your course in video or document course and you get money day and night whenever someone buys your course.
Youtube is a great choice for becoming financially independent. Many ordinary people earn millions per month just using the YouTube platform by uploading videos.
YouTube is a very huge, popular, and easily accessible platform.
If you are good with cameras and have ideas to create the video then start YouTube today.
At first, it’s difficult to gain views and subscribers but once you get a good audience you earn a lot.
You can use affiliate marketing to earn from ads. You also create some sponsored video for extra income.
13. Build App and sell it
For those who know to code, and the ability to create an app, building and selling apps is one good option to make money while you sleep.
Invest your technical skills for app building, if once you do that you can reap money when it sells.
The mobile app is in demand now and by selling it you earn a profitable return.
Build an app, change for them, advertising them on social media platforms, giving in-app marketing- are the way you can earn.
You can use Quora, Linkedin and other social media to get leads. Also, you can flip on websites like flippa.com.
14. Open Money Market Account
Money market accounts are good if you have time in your hand to grow your money.
Keep in mind that the money market account is different from money market mutual funds.
Money Market Account is an account runs by the bank or a credit union which is an interest-bearing account.
Money market accounts pay a greater interest percentage than ordinary passbook savings accounts and often contain check-writing and debit card freedoms.
And it’s less flexible than a regular checking account because of their restriction.
15. Buy and sell the domain name
Although Domain Name flipping is hard for the beginner as it takes lots of practice and experience.
But once you get the droop of it, you can make quite a decent amount of money by flipping domains regularly.
There are some tips for making good in this are-
- Focus on niches.
- Research for the names that offer a good price.
- Check out domain availability.
- Estimate the price.
- Get your domains in public.
Like any investment, domain names investment also comes with risks but if you can handle it, this yields high returns and a unique way to shape your portfolio of investments.
16. Build a CA ladder
A CD, or certificate of deposit, is treated as a low-risk investment, but here you have to lock away your money for some period.
In general CD ladder a particular investment strategy where you can invest in a series of individual CDs with a staggered maturity date.
You can purchase short-term CDs that mature in six months or one year, but if you want the best interest rates then the higher rate is recommended.
The highest rates are commonly paid out on longer-term CDs, such as three-year, four-year CDs or five-year CDs.
How it’s work?:
Step 1: Open different CDs rather than setting all the funds in one CD, For example, you set $1,000 in each of four CDs that will mature in one, two, three, and four years.
Step 2: Renew and restore each CD at maturity. Whenever any CD matures, you renew it as a four-year CD.
CDs are safe opportunities for saving or investing since they are federal and returns are ensured. And when its rates increase from the past year, you’ll earn more money.
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17. Invest in Real Estate
Real estate is one of the most lucrative ways for both income and profits
In simple words, real estate is ‘ earnings from your property’. If you can wait for growth and heighten the value of your property then you can pocket good bucks.
There are many ways to earn money through Real Estate like, bird-dogging, wholesaling and buying, fixing and flipping.
For beginners, the first three processes are best.
In this field, you have to research a lot, when you can discover the ways to add value to it, investing in real estate can be one of the largest income generators you’ll find.
One drawback is that it gives you one-time money when you sell it, but there is a solution also for this like you can rent your property to earn monthly.
Make Money while you sleep book
If you are a book lover and want to read a book based on making money passively while sleeping, then this is the best book for you:
FAQs Related to Make Money while you sleep
1. How can I make money while I sleep in 2020?
My personal recommendation is to start blogging.
Start your own blogging channel, work hard on it, learn SEO strategies, promote it on social media and look how easily you can make money even when you are sleeping.
2. Can you get money for sleeping?
There is a company named “Wakefit” that delivers a service called “sleep intern”.
Here you just have to go to sleep and test the product of the company. They pay more than $1400 to sleep nine hours a night continuously for ninety days.
3. What are some making money while sleeping quotes?
Many legends give their valuable quotes regarding making money while sleeping and passive income, but among them my all-time favourites are –
“If you don’t find a way to make money while you sleep, you will work until you die” – Warren
“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.” – Robert Kiyosaki
“Rich people choose to get paid based on results. Poor people choose to get paid based on time.” – T. Harv Eker
If you search the life story of successful businessmen you can see, they are successful because most of them can find the way,” how to earn money while sleeping”.
There are tons of ways of passive income. I described 17 of them.
If you only dream of “earning money while sleeping” nothing is going to happen.
It needs the effort to kick start the engine of passive income and “now” is the best time to start it.