Do you remember that before, we were warned to be cautious about falling into debt because the interest is very fast, the interest never sleeps, doesn’t take a day off, even a day. ceremony.
Is your money still growing while you are sleeping? Does that sound very unbelievable? Since we live in a profitable age, it’s not difficult to make more money outside of your main job. Let’s take a look at 19 ways to make money passively while sleeping below!
1. Start blogging
Perhaps the most common way to earn passive income that we all know is to set up your own blog . It only takes a few minutes to set up with a very low cost – buy a domain name and pay for hosting services.
Then start creating interesting content that people are interested in or content you want to share. For example: If you are an experienced accountant who has helped many small business owners solve tax problems, then the content will be your blog. Personally, I have a blog specializing in invoice processing to help clients learn more knowledge about invoices. The special thing is that this blog has attracted thousands of subscribers every month.
First, make sure that the topics you write about are popular topics that many people are interested in. If you don’t take this seriously, I’m not sure if your blog will have enough visitors to make money from it. However, this you will not be able to know in advance.
Once you gain followers, you can monetize your blog by:
- Earn commissions as an agent. This is when you place other people’s products or services on your blog. Make sure that those products or services are related to your blog site. For example: The accounting blog page can become an agent for accounting software or invoice processing for example. When you find an affiliate partner, you will receive a unique code so that whenever a visitor clicks on that link on your site, you will earn a commission.
- Sale of advertising. If your blog has enough traffic to become an affiliate, then there may be a good chance for advertisers to buy ads on your site. Initial income can be quite modest, like earning under $ 20 for an ad. But over time you can charge with three-digit numbers. Always remember that the blog must be quality.
- Find a sponsor. This is a bit different from just selling ads on your blog page. Sponsor advertising can be either a one-time sponsored piece of content or a perpetual logo placed at the foot of your page.
2. Sell your own information product
If you know a particular niche, you can create your own products like e-books or videos and sell them on your blog. This can take a lot of effort to create and market your product. However, once all the preparations are done, you can enjoy your results freely.
3. Make money from copyrights
If you are a talented musician, actor or writer, earn royalties from your own work. In other words, users will have to pay if they want to use your work or creative idea.
If you do not have enough talent to compose, but still enjoy making money from copyright, please learn about Transferring Copyright. That is the marketplace where you can buy and sell copyrights.
4. Create community members
If you prove yourself a charismatic figure then you can build a community of members where you pay monthly fees to receive high-quality content and information that is not provided. for non-members.
One of my favorite examples is Timothy Skyes, who makes more than $ 100,000 in passive income each month through a community of members discussing how people can make money trading cheap stocks.
5. Set up an autoresponder program
Another popular online business model is the use of autoresponder programs to sell services, products or membership. This is how people leave their email address on your blog page, they will then receive an autoresponder email containing a link to download a product or quality information you must provide. , as well as keeping track of a bunch of other emails.
You will likely need a service like OptinMonstoer to do this. Alternatively, you should also read the Quick Sprout quick guide for getting started with answering programs.
6. Buy and sell web sites
If you’ve spent a lot of time and effort building a website, then gaining a lot of traffic, then you can sell it to an interested party by posting it on exchanges like Flippa, for example. I bought and sold many sites here and made a lot of money.
7. Selling tangible products
Just like working with a blog, there are several ways to earn passive income by selling tangible products. One of the most popular ways is to sell your second hand items on eBay. Even if you have nothing left to sell, you can begin to reduce your purchases. This is where you sell products to a company on eBay or Amazon and they do the rest – including shipping.
Plus, you can also launch your own eCommerce store using Shopify. In fact, they give you everything you need to be able to sell products online, from a complete online store to the creation of buy buttons on your social media channels.
8. Invest in stocks or stocks
When you invest in stocks, you become a shareholder. That grants you the right to a share of the profits in it. For years, investing in stocks has been a popular way to earn passive income thanks to the Internet, and now it’s easier than ever to research and invest in stocks yourself.
Note that the stock you invest in can change over many stages of your life. Example: I look for investments that could benefit my daughter, such as a CA529 program that will help pay for my child’s college tuition.
9. Peer-to-peer lending (Peer-to-peer lending)
Lending peer ( Peer-to-Peer Lending – P2P ) where direct interaction between borrowers and lenders through the online auction, loans typically include small portions of many for different loan. Companies like LendingClub, Propser and Harmoney have created a new industry in which anyone can become a lender. They will then match you up with a client who wants or has problems securing a loan from the bank. You can earn higher interest rates on loans you have issued because you deal directly with borrowers.
10. Real estate for rent
Thanks to Airbnb, you can rent out your house while on vacation or rent a vacation home when there is no need to use it. Alternatively, you can also rent out a garage, car park or unused office space. This is a great extra income with almost nothing to do other than posting ads.
11. Hire an intermediary
Hiring an intermediary is also known as a arbitrage form of profit and it is basically about hiring someone to work for you. For example, you could start a dog walk service or a web design company, but outsource another dog walker or programmer. You are much better at doing things other than being a middleman and you will be responsible for marketing these services.
12. Create an application
Create an app and put it on the App store and sell a million copies. You don’t have to sell a million copies, just a few thousand people download the app. For example, Benny also created a simple photo application and ended up making $ 30,000 in those 30 days.
Now to make an application easier than ever, what are you waiting for?
13. Start Dropshipping (selling without goods)
If you want to start e-commerce business without the need to burden the hassle of storage of goods, think about the type of dropshipping business ( sale without goods ). With this way of doing business, you simply need to build your store’s look and feel with manufacturers. When a customer orders, you just need to send the order to the manufacturer and they will ship the goods directly to your customer. Money will come when the customer pays you. If you are interested in this work, Shopify is the best guidebook for you (link to shopify.com/blog/6492023-drop-shipping-the-easiest-way-to-sell-online).
14. Start consulting
Counseling is not necessarily passive, but it is also a good stream of income. Use whatever skills you gain from a full-time job and start consulting outside of work from 9 a.m. to 5 p.m. It’s the same job you’re doing, but you can charge more and be more flexible for everything, when compared to a traditional job.
15. Selling on Amazon and eBay
Sell miscellaneous, unused stuff in your home on eBay and Amazon! It’s not completely passive, but it’s also an easy way to monetize the things that fill your home. This is very basic and you can get started today.
16. Play Poker cards
Poker is not 100% passive, but it’s fun and you can make a lot of money if you play really well. Take a few lessons on how to play poker, start practicing and win a little money. This can be time consuming, but poker is a game that requires skill – so stick to it and make sure you succeed.
17. Build Niche Site to make money online
Create a Niche Site with affiliate income or another way to generate revenue. This can be similar to the blogging mentioned above, but it can also be a complete website, even selling existing products to a specific audience. If you want to start down this path, Pat Flynn has tons of great resources for creating a monetizing Niche Site on the network.
18. Mining bitcoin
In fact, it’s getting harder and harder to mine, but buy a bitcoin mining algorithm (machine) and start mining! With today’s bitcoin price around $ 800 / bitcoin, it’s also a source of passive income. Refer to the Summary of the Beginner’s Guide to Bitcoin Mining .
19. Become a YouTuber
Take advantage of your iPhone and start making some videos. You only need a viral video to start monetizing the AdSense platform, but even channels with modest views generate steady income by posting videos regularly. What’s more, there are popular YouTube partners who also get other TV deals and advertisements. Even Justin Bieber started out on YouTube! Even if you don’t make millions, you can still achieve some level of virtual fame on YouTube, right?
In short, of course everyone has a way of creating added value in one way or another. There are actually very few streams of 100% passive income, but if you work hard and help enough people, you can find a way to help lots of people and make money.