Quickly before I proceed with the list of 15 Proven strategies on how to make money while you sleep I will like to introduce my self my Name is Cajetan Chinaemerem Callistus popularly known as Calliszman. I hate poverty that is while I will always talk about prosperity. The information content here are vital and your attention is required.
If you have interest in learning about the art of making money in your sleep, continue reading below for the passive income.
15 proven strategies to make money while you sleep.
There is two types of income Namely Passive Income and Active Income
Active Income: Normally we generate income through traditional job or business which is totally active income.
In the other hand
Passive Income: is generated without active participation. It needs some maintenance and upfront work, but after some time you can make money even while sleeping.
Passive Income side hustles can be created once and need your hard work upfront and can be run on autopilot.
1. Creat a Blog
If you can get readers, you can make money. This is my preferred way to make money while I sleep and I love waking up to a sale notification.
With a high traffic site, you can make a lot of money from advertising revenue. Pay per click ads can really amount to a significant income on a popular site.
Starting a blog is not a quick way to make money but with work in the beginning you might be able to join the ranks of the bloggers who make a nice six figure income with their websites.
I started making what I would classify as a part-time income about 1 year into blogging so it is not a get-rich quick scheme by any means I have spoken
You may also learn how to write a good blog post
2. Invest in the Stock Market.
Probably You’ve likely heard the phrase, “it takes money to make money.” Indeed, having some money makes it easier to get more. A wonderful way to passively make money long-term is to invest.
When people think of investments, they often think of the stock market. When you start investing money in stocks that are considered safe (no stock is 100% guaranteed to make you money), you typically end up with a profit for doing nothing but letting the asset increase in value.
That’s why the stock market is one of the best investment for young adults.
You can buy stocks with a no cost brokerage some services allows you to create a diversified portfolio, with no costs for making trades, no account minimums, nor on-going costs for having an account.
Once you create an account and deposit your money, you can start investing in any of your prefers stock, REIT, Mutual Bond and so on. Some services even allowed you to add money and have the app handle how it gets invested this service, commonly referred to as a robo-advisor, which allows you to preset how you want your money invested and then watch it grow over time. A diversified, low-cost portfolio held across long periods of time can easily result in making money while you sleep.
3. Amazon FBA
Start your own business selling things on Amazon for a profit. Amazon FBA (Fulfilment by Amazon) is a way to make money selling items as a third party on Amazon.
This service lets individual sellers find products they want to sell and then have Amazon handle the business and logistics part of the equation. Amazon will host the product on their site, facilitate the transaction with the customer, and deliver the product.
Some of the more popular options people sell through Amazon FBA include:
Wholesale items, children toys and baby products, Adult products
DVDs .etc
When you consider that Amazon handles listing, selling, shipping, collecting and sending payment, and any customer service needs, you can see how it’s pretty passive income. It certainly qualifies as an avenue for making money while you sleep once you find what you want to sell.
4. Real Estate Investment Trusts (REITs)
Some people consider Real Estate Investment Trusts (REITs) to be the mutual funds of real estate. REITs are a collection of properties operated by a company that uses money investors give them to buy and develop real estate.
You can choose to invest in trusts that build condos, apartment buildings, business complexes, or other facilities.
REITs pay you dividends. These are a fitting income-producing asset for people who want an easy way to get involved with real estate investing without having to purchase property themselves.
One avenue to explore for investing in REITs is by investing through Streitwise.
Streitwise.com a new era of real estate investing. With capital raised by qualified investors, the company leverages the best-performing property investments into professionally designed portfolios.
The returns then get distributed and serviced through an online REIT- with your income as their mission.
If you’re looking to generate passive income while conserving cash on hand, Streitwise provides the perfect opportunity for both accredited and non-accredited investors and offers one of the lowest fee structures around.
The company has provided an 8.4% annualized return due to its superior property selection and low fee structure, far outpacing comparable Public REITs or bonds.Qualified investments include properties stretching largely across America from the Midwest to the West Coast and leveraged based on Streitwise’s analysis.
By placing $5 million of their own money in these investments Streitwise places a good deal of skin-in-the game for all sponsors and 100% incentive alignment between sponsor and investor interests at all times.
The service has a minimum investment of $5,000 to begin investing in commercial real estate properties. The company provides REIT offerings federally-registered with the SEC and offers them to both accredited and non-accredited investors.
Investing through an investment vehicle like Streitwise’s REIT offers a great source of passive income, recurring cash flow, higher returns, portfolio diversification and inflation protection.
With an 8.4% annualized return and a low fee structure, Streitwise provides one of the best opportunities for passive income in real estate investing.
It outpaces comparable REITs and has delivered an annualized dividend return of at least 8% for the last 17 quarters, with an average annual rate of 9.44%.
Despite Covid’s effect on the general real estate market, Streitwise met return targets through employing strong credit tenancy (100% contractual rent obligations met in 2020), conservative underwriting (51% loan to value, LTV), and a low / transparent fee structure.
All dividends quoted are net of fees, with fees already taken out. Consider exploring Streitwise for your real estate investing needs today.
5.Sell Your Own Books
Specifically, write an eBook and sell it online. Amazon.com makes it extremely easy to sell your eBook and they take care of everything.You can even create your ebooks using Google Docs or Word and convert them into PDFs.
Click here to learn how to creat your own Ebooks
You can also sell your books on your own site and take part in deal programs
Every few months, Ultimate Bundles sells tons of resources on a specific topic at a low price. It’s a great way to get your name out there
I'll give you Tips for maximizing your income via ebooks.
Create a mini-empire. If you have an eBook on raising chickens, why not have a website and a blog about raising chickens? You can establish yourself as an expert and have a lot of cross advertising going on.
Pick something that a lot of people are willing to spend money on. Things like money, love, and health are goldmines.
Choose a topic you’re passionate about. If you love it, then it’s not really work.
6. Affiliate Marketing
Affiliate marketing doesn’t just have to be done on a blog. If you have an email, this is a great option. Instagram is also a popular platform for affiliate marketing.
People who have high followings, with engaged followers, can put affiliate links in their profile and call attention to the links. Whenever somebody clicks that link and buys a product, the influencer gets a kickback.
7.DropShipping
Open up your own Shopify Store and create your own business selling other people’s products.
With dropshipping, you also never physically touch the products. You don’t even have to design them you just pick them out. The items you want are in a warehouse, labeled, and shipped with your name, so you don’t incur overhead feels.
You just put in an order (after people order from you), pay a fee, and then ship it where appropriate.
However, you should note that most dropshipping involves ordering goods from other countries, particularly China. Since you never physically interact with the items, there may be quality control issues and you don’t know the conditions your items were made under.
If you choose to dropship, make sure to find a reputable company.
8. Rent out your spare room:
If you have a spare room in your house, you can make money from it. Rent it out to a lodger on a short or long term basis. This can help with your mortgage costs and be a really passive way to make extra cash.
9. Sell Stock photos Online :
Do you enjoy taking photography with your smartphone, taking short video clips, creating music, or designing? I bet you have a ton of photos on your phone that you might completely forgot about Imagine making money passively by selling those photos while you sleep. Smartphone cameras are so good now that you don’t need to be a professional photographer to get paid for your stock photos. You may also learn how to make money online
Go through your old photoshoots, unused music clips, and extra film footage.
Find a stock content site to sell it on. Just make sure to ask permission from anyone in your photos or videos. For photography, some of the most popular stock sites are Shutterstock, Getty Images, and Pixabay. Upload your content, choose a price, and let it sell as you sleep.
10. Start a YouTube Channel:
Like a webinar, YouTube will allow you to make money passively from your videos. Maybe you can get into the unboxing trend or make cooking videos. Whatever you choose making money on YouTube is a great idea.
11. Sell Advertising Space:
I’ve already mentioned getting paid for advertising on your website or blog but you can also make money letting companies use your car for their advertisements.
Companies such as Wrapify will pay you to let them “wrap” your car in adverts.
12. Launch an App:
Creating a smartphone app requires some front loaded effort in the beginning but it can be a passive income maker for years to come.
If you have coding knowledge, you can create a basic app to sell on app stores.
You can make money with your app by charging for it, or running advertisements.
if you don't have Coding knowledge Alternatively, you can find a coder and designer to hire to do the work for you. Some Coder will work in return for a profit share, but others will require payment upfront.
If your app does well, you’ll be making sales at all times of the day and anything past what it costs to get started is profit. Remember that apps have different payment models.
Sometimes you can make more money with a “freemium” model where parts of the app are free than by charging for initial access to the app
13. Domain Name Acquisition :
If you can attain some desirable domain names, then you can easily turn a profit selling them to someone who simply needs that domain.
You can buy domain names pretty cheaply on sites like Namecheap.com then offer them to sell for people who own sites with similar names.
14. Create WordPress Plugins and Themes:
Millions of websites run on WordPress and they all use Plugins and themes to power their content. You can create your own plugins and themes and sell them on sites like Themeforest or Creative Market.
If you don’t know where to begin with the code, this is another passive income stream that you can outsource and still make money from.
15. Peer-to-peer lending
Companies like LendingClub.com , Prosper, and Harmoney.co.nz have created a new industry where anyone can become a lender. They will then match you with a consumer who either prefers or has trouble securing a loan from a bank. You can earn a higher interest rates on the loans you issued since you’re dealing directly with the borrower.
In conclusion
After those 15 Amazing proven strategies to make money while you sleep I’m sure you are gearing to go and start earning so I will leave you with the words of Warren Buffet:
“If you don’t find a way to make money while you sleep, you will work until you die.
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