If you are like every other human on this planet, the thought of making money while you sleep has crossed your mind. However, it might sound or as unattainable as it might seem, actually making money, literally while you’re sleeping, is not only possible, it’s most certainly doable.
Last weekend while I was fishing I received a message saying these people joined our organization. Nowadays, I receive almost every day, and every other day I receive similar messages without my effort.
As a family, we also use different tools to make money while we sleep. I want to share the different methods of how to make money while we sleep. I use these articles to prepare this document: 8 Ways to Make Money While You Sleep and 10 Ways to Make Money While You Sleep
Some of you may think that making money online, while you sleep, is just a dream that can never actually be realized. In fact, not only people are doing it all around the world, but the amount of people doing this is increasing rapidly.
However, achieving this goal is not simple nor straightforward. The truth? Most people give up. Why? Because it’s hard. It’s a monumental undertaking, one that delays the payoffs for months or sometimes even years.
I am not trying to scare you. I want to set expectations. But, if you are willing to make money while you sleep, you need to accept the challenges. If you can overcome those obstacles, you will not only start earning some side income but one day it could replace your full-time entirely.
Strategies to Make Money While You Sleep
There are likely hundreds of ways you can make money while you sleep, here are core strategies that can help you reach your dreams.
- Blogging:
Perhaps the most popular way to earn a passive income is by launching your own blog. While creating a popular blog is a difficult job, the benefits are long-lasting, along with the potential for passive income. When you run a popular blog, you can make money in a variety of ways, earning commissions as an affiliate, sell advertising, and find sponsors. Make sure to create amazing content that people would be interested in reading or sharing.
- Develop and sell products based on your expertise
If you’re knowledgeable in a certain area, 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 work is over, you can just sit back and collect the proceeds. If you don’t have your own blog, you may sell your ebooks by using a platform like Amazon’s Kindle. Amazon will simply pay you out monthly for sales.
- Webinars
Webinars are a great way to make money while you sleep. Not live ones of course. But, automated webinars. They run day and night. To create one, you need something to offer. Webinars are great for high-ticket digital product sales. They also work well for selling things like coaching, business presentation, and consulting services.
- Online Courses
Online courses are a great way to earn income, day or night, and require little to no maintenance once they’re launched aside from updating content that might get stale or become no longer relevant. There are tons of places you can build online courses such as Kajabi, Udemy, or Teachable. You could also build your own membership-based courses on sites like ClickFunnels.
What type of courses can you launch? You can teach just about anything. But, you should stick to what you know. If you know photography, teach it. Coding? Teach it. SEO? Teach it. If you absolutely don’t know what you’re talking about, it’s going to come across and your sales will suffer because of it.
- Selling Physical Products
Just like with a blogging site, there are several ways to earn a passive income by selling physical products. Probably one of the best-known ways is by selling your old junk on FaceBook marketplace, craigslist, eBay. But even if you don’t have anything left to sell you can start drop shipping. This is where you sell products for a company on eBay, Amazon, or Companies’ (Many Network Company’s give individual distributor account or website) websites and they’ll take care of the rest — including shipping.
Drop-shipping, when automated the right way, gives you the freedoms that you wouldn’t normally experience while running a physical product store. You can build your own eCommerce store with Shopify or you can buy products from AliExpress and sell them as an Amazon FBA store. Or, find another drop-shipping company willing to handle the work.
- Rent out property
Real estate rentals are always going to be a great producer of passive income. People will always need a place to live and to work. With long-term rentals, you can secure the tenant, then sit back and collect the cash every single month.
Thanks to Airbnb, you can rent out your home as well while on vacation or your vacation home when not in use. You can also rent out your garage, parking space, or unused office space. It’s a nice supplemental income without really doing anything except placing an ad.
- Affiliate Marketing
In the world of online marketing, affiliate marketing offers one of the fastest and most profitable forms of income with very little investment of time. Of course, you can’t really become an affiliate marketer without reach or an audience to promote to. If you learn the strategies on how to promote, then this works great. If you don’t, you could opt to do Facebook Live trainings or use YouTube as a platform to reach people.
Affiliate marketing is about delivering value. You have to find a way you can educate and inform while helping those out there with their goals or to solve a problem. If you can do that effectively, you can build multiple passive income streams as an affiliate marketer.
These methods are the Top 7 methods we selected for you. There are many other methods as well. I have personally applied some of these methods and experienced great results. YOU also CAN if you do invest a considerable amount of time and effort in the beginning.
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