Did you know you could make money while you sleep? It looks like a fairy tale, but it’s easier than you think.
And I will give you an example: This blog makes money every second. I may be at a gym, at a movie show, or sleeping – but the blog still makes money.
Now, you catch the picture!
But how do you make money while you sleep?
You need a system that you can set up and leave running. Then the money comes in.
Check out 9 ways to make money while you sleep.
1. Turn your flair for photos to money
If you have a flair for taking beautiful photos and you have a good collection of some great shots, then it’s time to turn your flare to money.
How do your pictures make money while you sleep?
Here it is: More than 505 million blogs were live online as of 2018. And more blogs are still being created every single second.
These blog owners need pictures to make those blogs look cool. But they can’t take the pictures by themselves.
And that is where you come in:
You take your pictures, license them, put them on paid picture download sites, and your photos continue to make money while you sleep on your sofa.
Some of the best places where you can sell your photos are Alamy, Shutterstock, and Crestock.
2. Sell other peoples’ product
You don’t need to have a product to sell before you make money. You can sell other peoples’ product and you share in their products.
I like affiliate marketing for two reasons:
If you don’t have an idea of what you want to sell, at least, you can still promote for other people and share in their profit. Right?
To make money with affiliate marketing, you need just two things:
The products you want to promote. It has to be a product people want to buy.
The medium you want to use for the promotion. You can even use your social media channels like Facebook, Pinterest, or Youtube.
But the best way to promote affiliate products is to set up your blog. With a blog, you can easily engage more with your audience, collect their emails, and make them return buyers.
3. Place a room on Airbnb
Do you have a spare room that you can rent out for guests? Then let your room do the job, and you make money while you sleep.
If your room is conducive for stay, then it’s good enough for Airbnb. And you don’t need to do much.
Yes, some guests can be messy, but you only have to put the room back in shape once your guest has left, and you will be ready for the next payday.
Now, the good thing is, you can make up to $1300 a month doing just that.
4. Write E-books
You can make as much money as you want with an ebook on any topic of your expertise.
Now, how much can you make? Let’s see:
Case 1. If you sell $30 to 15 people = $450 — Mr. A
Case 2. You sell $50 to 150 people = $7,500 — Mr. B
Mr. A, in case 1, is just a beginner. He has less audience. So he makes less money than Mr. B, who has been in the game a bit longer.
So what am I saying?
The longer you stick with it selling ebooks, the more your income potential grows. That’s because:
Your audience size will increase with time
Your expertise and bargain power will rise.
Now keep in mind: You don’t have to be ‘Mr. Know all’ before you can write an Ebook. You have probably heard people tell you to write on people’s pain points.
Yes, but you would be surprised at funny topics people buy Ebooks to learn. So you don’t have to write off your idea before you try it out.
You can sell your Ebook on Amazon, Payhip, or Blurb.
The best approach: Set up a blog. You will be able to engage more with your buyers and turn them to return customers.
Check out my post here on how to set up your blog.
5. Start a Youtube channel
When you watch the video on youtube, and you see some ads, you are already helping the channel owner to make money. He could be dozing off in his sleep – but he’s still making his money anyway.
So the question: How can YOU make money on Youtube?
Affiliate marketing – You place affiliate links below your video, and you get a commission on every sale.
Adsense – Google places ads on your video and pays you for every 1000 views.
And the good part: It only takes a couple of minutes to set up your channel.
Okay, I know you won’t probably make money in the first couple of months. But don’t worry. Keep uploading your videos, more visitors will become, and money will follow.
6. Create an online course
If you have some skills that people are eager to learn, and it’s not an extra income for you yet, then you are leaving money on the table.
Just anything you know: From ‘Interior home decor on a budget’ to ‘how to rock a baby to sleep’.
You would be surprised at even more ‘funny’ courses people pay money to take.
So here is the point:
If it is a topic you are passionate about, then you can be sure there are others out there who share your interest.
You can sell your online courses on Udemy, Skillshare, Coursecats, Teachable, or on your blog.
7. Have your shop on Amazon
Amazon alone has over 197 million registered users every single month.
And that means a lot to you!
It means millions of people are waiting to buy something from you – I mean just anything.
But if you only use Amazon to shop, you will be loosing from the opportunity.
What’s more, you don’t need to worry about shipping. Amazon can handle that for you. Once you set up your shop, you can get money roll into your bank even when you are sitting on your sofa.
8. Start a money-making blog
You can make money on your blog at any time. You can be at the cinema, on the golf course, or sleeping on the couch. If your blog is live, then you can make money on the go.
You only need to follow three steps:
Set up your blog.
Get visitors to your blog.
Monetize your blog.
If you have the patience to see it through, blogging as a business has what it takes to make you a millionaire.
9. Start a Dropshipping business
Dropshipping is a business that you can start right away and make good money over time.
And best the part is, you don’t even need to have your product, an inventory, or ship customer orders with dropshipping.
To start a dropshipping business, you only need to set up an eCommerce store that shows a range of products you want to promote from manufacturers.
When someone comes to your store and pays for an item, the store automatically receives and sends the order to the manufacturer.
Now, the manufacturer will ship the order to the buyer, and you will get part of the sale.
10. Wrap your car with Ads
An easy way to make money is to allow companies to wrap your car with their brand promo ad. And that’s all you need to do – and you can make up to $500.
To get started, you can try Carvertise or Wrapify.
11. Open a High-Interest Savings Account
Online banks like CIT will give you at least 1.6% interest on your savings account.
It may not seem much – but most brick wall banks only offer much less than that.