Did you know that there are ways you can use to make money while sleeping? In this article, you are going to learn my favorite top 5 ways to make money while sleeping.
You don’t have to do anything after your system is up and running. Some of these methods could be difficult at first as you have to put effort to build meaningful and strong systems. For example, it might take you a lot of work to build a successful blog or a social media account. However, once you have reached a certain level, your journey will become more easy and straight forward.
Without further ado, let’s get started.
1. Buy high return investmets
Stock market: The stock market is a great way to make money while you are sleeping. There are so many options you can consider when it comes to the stock market. One way that almost everyone knows about is to buy individual stocks. By owning a stock, you can benefit from its share price increase and/or by getting dividends. You can then take your dividends out as an income or reinvest them. If you don’t like individual stocks, you can buy mutual funds, index funds, or ETFs. All these funds will generate profit for you and you don’t need to be actively involved with your investments.
P2P lending: Peer-to-peer lending or P2P for short is a service in which you lend your money to individuals (clients) through P2P lending providers and earn a small profit. Just like any other lending service, there are terms and conditions that govern the services. In addition, certain criteria must be met in order to determine the eligibility of borrowers.
Rental properties: Rental properties are a great way to make money while sleeping. You don’t necessarily have to work really hard. You just need to know how to play the real estate game. For example, you can buy a duplex and have tenants occupy it in exchange for rent. Every month, you will collect money from your tenants.
REITs: If you don’t want the hustle of tenants or don’t want to be actively involved, you can invest in Real Estate Investment Trusts (REITs). These are companies that own and invest in income-producing real estate. Since these companies are in the market for profit, you make money whenever these companies make money.
Bonds: Bonds are great ways to invest money. Bonds have usually a decent amount of returns and they are more secure compared to individual stocks. Government bonds are usually the ones that offer a guaranteed safety of your capital and offer a fixed rate of return.
2. Create an eBook/book
One of the greatest and easiest ways to make money while sleeping is to create a book or an ebook. If you are good at something, find a way to monetize your knowledge and experience.
For example, if you have expertise in marketing, create an ebook that teaches people how to market their businesses and products. What makes an ebook or a book a great option is that you only spend time and energy on it when writing it. After it is written, you barely spend time on it besides promoting it.
With an eBook, you can attract a wide range of customers from all over the world. A commonplace to sell your eBook include but is not limited to Amazon, eBay, your own blog, social media account, etc. The money from your eBook/book will continue to pour in as long as your content is valuable.
3. Make money while sleeping through affiliate marketing
Affiliate marketing is a nice way to make money while sleeping. What is affilate mareketing? Companies pay third parties to help them generate traffic or help them sell their products. To succeed at affiliate marketing, you must have a blog with a lot of traffic or a social media channel/accounts with a great number of followers.
Assuming that you have a blog, companies can give you money to promote their products and services on your blog. This is usually done through links you put on your website that lead to products and services they are promoting. Whenever a customer clicks on one of the links, they land on a product you are promoting. Companies will compensate you based on successful sales you procured, the number of traffic you generated, or based on the terms of your contract.
Another great way to make money while sleeping is through display ads. Display ads are ads you place throughout your website and get paid per ads views or per click. For example, you could be paid every time a customer clicks on the ads.
4. Create an online course to make money while sleeping
Are you good at a particular subject? Online courses are a good option for those who are interested in making money while sleeping. There are millions of people who are struggling with money, their finances, relationships, schools, businesses, etc.
If you know how to fix these problems, why can’t you get paid extra money while doing it? There are two ways you can format and sell your course.
- Pre-recorded course: With this course, you pre-record the course and give customers access after they have paid for it. This course is great as it helps your clients to work at their own paces. It can also be offered multiple time or open for the entire year. The downside of this kind of courses is that your clients will not be able to ask you questions related to the course right a way.
- Live course: This is a course you schedule a head of time and it is offered in real-time. That is you will schedule a date(s) and time when the course will be open. Your clients will sign up and have access to the course (live) once it is open. What most people do is to create a course and offer it once or twice a year.
5. Monitize your socia media influence
Social media has become an effective marketing option for businesses around the world. As an individual who wants to make money through social media influence, you need to have massive followers.
Once you have thousands of followers, companies can pay you to promote their products on your account. For example, if you are a health and fitness influencer, you can promote fitness equipment on your social media platform. This can earn you a passive income that could last long or short depending on the length of your contract.
