Passive Income: Make Money Sleeping
Do you want to make money while you sleep?That is what we call passive income.It may sound like the hardest thing in the world but the truth is, it is very much attainable. It’s just that people tend to give up too easily. Nowadays, most people are not content with their 9.00 am to 5.00 pm job, well, unless you are an executive somewhere which most of us are not. For this reason, investing some of your time into establishing a passive income as future security is important. Here are five ideas to make money while you sleep:
1. Affiliate marketing
Over the recent years, affiliate marketing has grown into a very profitable source of automated income. People are actually making lots of money from this branch of online marketing to the point that they not only quit their day jobs but also manage lavish lifestyles. Online marketing is growing rapidly, most online establishments are expected to double their profits year after year and affiliate marketing is a way for you to tap into this lucrative market. All it requires is some sort of audience from your side like email lists or social media followers to market products to.
Most people don’t realize this but blogging is one of the best ways to make money online without much of a hassle. You can buy a domain for as little as $2 and then all you have to do is write about what you know or love to do, or you can create reviews. Whatever you choose to do with it, you make the best of it and let me tell you a secret. Human beings are linked, whatever it is you are into, there are lots of people out there who are into it as well. Build followers and host adverts and before you know it, money starts trickling in day and night.
Are you a fiction writer? Do you have stories or poetry larking around? You can make money out of these. One thing about writing eBooks is you don’t have to be a writer at all. So long as you have expertise in a certain topic, you can write about it or hire a writer to do it for from sites like Fiverr or Upwork. Thereafter you can sell these eBooks via Amazon Kindle which is the largest eBook retailer on the planet. Smashwords is also a good place.
4. Online courses
This is way easier than you imagine and you don’t have to be a professor. You can take the expertise of your monotonous day job and convert it into a money-making machine. There are various platforms you can use to host online courses like CourseCraft, LearnWorlds, Udemy and Teachable. The upside to online courses is, you upload your content and go about your business.
5. Stock content
If you like photography during your spare time or drawing, you can sell your hobbies online. Sites like Shutterstock and iStock will buy your photography work, illustrations or even music for good money.
6. Mobile App or Web App Development
You have probably heard the stories of students in college becoming billionaires in the span of years: Zuckerburg, Spiegel, Page, etc. If you have an idea you can have it developed. You don’t even need to be able to code! There are people you can pay to develop a fully functional solution from scratch at a great cost with fantastic service. For this site, I had WozJobs do the design, programming, and implementation. However, I have used them for my mobile apps as well. They have a great team which can pretty much handle any project you may have. This is the primary way I have created a steady stream of passive income.
There are hundreds of ways to make money while you sleep. Passive income is real and people the world over are taking advantage of it, usually, it requires investing enough time and diligence at the beginning to grow your business before you can actually sit back and enjoy the benefits for a long time.