Making Money While Sleeping is the Dream, right?
We all like to earn passive income.
Who wouldn't want to make their bed money!
No one wants to work forever.
"If you don't find a way to make money while you're sleeping,
you'll work until you die." Warren Buffett's quote sums it up perfectly on
why we all need to create passive income opportunities for ourselves.
Thankfully, you're going to be happy to know it's totally possible.
Every month you can make $1000s without ever leaving the house.
If you've ever wondered how to make money while you're sleeping,
then read on.
Making money will always require some work.
There are, however, ways to make cash that only require upfront
work. Once that initial work is done, you can sit back and relax and watch your
money coming in!
Also Read: 50
Business Ideas That You Can Start Cheaply
These types of money-making opportunities are called methods of
passive or residual money-making.
You have to start with some work, as we said, but once you've done
that, you're going to make money while you're sleeping.
How much you're going to make varies, though it's possible to make
hundreds or even thousands of these ventures each month. We will go into more
detail on the earnings below.
Below, we'll list things you can make money while
you're sleeping.
1. Get a job that pays you sleeping!
Let's start with my favorite, get paid to sleep!
Believe it or not, there are people who actually pay you to sleep.
Participation in sleep research studies and medical trials is a
great way to make some extra cash. You are literally paid to sleep, not to
mention!
2. Write an eBook
Kindle is one of those platforms that has opened up a wealth of
online earning opportunities.
On Kindle, anyone can publish a book on a platform visited by
millions of people and earn money from it.
You can write books of fiction and non-fiction. Once you've written
and published the book, you can just sit back and earn 75 percent of the
profits on books priced at $2.99 or more.
It will take time and effort to actually write the book, of
course–although it can still be done from your bed!
But once the book is up, you'll continue to make money years later,
even while you're sleeping!
How much you earn will vary depending on things like how much
you've priced your book, how many titles you've got in the store, and how many
books you're selling. It's a great way to earn while you're sleeping if you
like writing.
3. Invest in Dividend Stocks
When it comes to investment, Berkshire Hathaway's chairman and CEO,
Warren Buffett, is the prime example of a successful investor, someone who
knows how to make his money work for him so he can make money even when
sleeping, on vacation, or whatever else he's doing.
If you can afford it, consider investing in dividend stocks. You
have to put money up front, and there is no guarantee that the stocks will end
up earning you money. However, if they do, this can be a highly profitable
venture.
You'll have to do a lot of research up front to find companies that
might be worth investing in. Check out Dividend.com for investment information.
There is a list of investment opportunities, which is particularly useful.
Payment really varies depending on factors such as how many shares you own and
how much the company pays in dividends.
4. Start a Blog
Anyone can start and monetize a blog for free. You can create a blog
about any topic and upload some articles. Once those articles are up, you will
continue to make money from them as you sleep.
Here are a few ways to monetize a blog: you can use affiliate links
in your posts.
Write sponsored content–collaborate with brands and companies that
pay you to write blog posts for them.
Put ads on your blog: you can join an ad network, like Google
AdSense, and get paid when visitors view your site or click ads.
We have a post on how to make money from blogging, which tells you exactly
how to get started and how much you will earn. Make sure you check it out here
to learn more about blogging revenue.
To get started, you just need a domain name, which is the URL of
your site, and a hosting provider. You will also need to sign up to a blogging
platform like WordPress or Blogger.
Once you have your blog up and running, you will continue to make
money from ads and affiliate sales on blog posts you wrote months or even years
ago!
How much money people make from blogging varies greatly from person
to person. With some people making only $30 a month from it and others making
$30,000 a month from it!
5. Sell an App
Selling apps can make you money while you're sleeping in the iOS or
Android store.
If you know how to code, you can create the app yourself. But don't
worry if you don't–you can hire freelance app developers on UpWork to do it for
you.
Also Read: 3
Ways to Earn Extra Money While at Work
6. Sell Amazon stuff with FBA
Selling products on Amazon can be a profitable undertaking. Amazon
has a program called Amazon's Fulfillment, or FBA.
You choose a product you want to sell as an FBA seller, get it
delivered to an Amazon fulfillment center, and then Amazon will handle the
rest. They will ship the items out to customers and handle customer service as
well. This is such an easy way to sell online stuff.
As a FBA seller, how much you earn can really vary. Factors such as
how many units you sell each month, the fees and costs you pay, and the
products you sell can all affect what you earn.
7. Start a YouTube Channel
If writing isn't your thing, then you may want to try it out on
YouTube. If you're a YouTube partner on YouTube, you can earn money whenever a
viewer sees ads on one of your videos.
While anyone can start a YouTube channel, becoming a YouTube
partner is more difficult than it used to be. You need to have at least 10,000
overall views of the channel to be eligible to put ads on your videos.
This means you'll need to be willing to put lots of videos out
there at the start. But once the videos are up and you're a YouTube partner,
you'll keep earning from them long after you've uploaded them, even while
you're sleeping.
Whatever topic you want, whether it's cooking videos, makeup
tutorials, educational content, or travel videos, you can start a channel.
YouTube and the YouTubers themselves don't really reveal how much
YouTubers make from their videos–so it's hard to give an exact figure.
Other factors, such as how much each advertiser pays to place their
ads, will also affect earnings, making it difficult to determine income.
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