19 passive ways to make money even when sleeping

Do you remember that we have been warned to be cautious about falling into debt because our interest rates are very fast, interest never sleeps, no days off, even days ceremony. And the opposite is also so.14 important steps to help you quickly get out of debt

Is your money still proliferating while you are sleeping? Does that sound very incredible? Because we are living in a time of profit, there is no difficulty in earning extra money outside of our main job. Please refer to 19 passive ways to make money while sleeping below!

1. Start blogging

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Perhaps the most popular way to earn passive income that we all know is to set up your own blog site . It only takes a few minutes to set up with a very cheap cost - buy a domain name and pay for hosting services.

Then start creating interesting content that people are interested in or content you want to share. For example: If you are an experienced accountant who has helped many small business owners solve tax issues, then this content will be your blog. I personally have a blog that specializes in handling invoices to help customers learn more about invoices. Especially, this blog site has attracted thousands of registrations every month.

First, make sure that the topics you write are popular topics that many people care about. If I don't take this seriously, I'm not sure if your blog site will have enough visitors to make money from it. However, this will not be known to you.

Once you've reached a certain number of followers, you can make money from your blog site by:

1. Earn commissions as an agent. That's when you put someone else's products or services on your blog. Make sure that those products or services are relevant to your blog site. For example, an accounting blog site can become an agent for accounting software or handling bills, for example. When you find an agency partner, you will receive a separate code so that whenever visitors click on that link on your page, you will get a commission.
2. Advertising sale. If your blog site has enough traffic to become an agent, then it may be a good opportunity for advertisers to buy ads on your site. Earlier earnings may be modest, like earning less than $ 20 for an ad. But gradually you can charge by three-digit numbers. Always remember that the blog site must be of quality.
3. Find sponsors. This is slightly different from just selling ads on your blog site. Sponsor ads can be a one-time piece of sponsored content or a permanent logo placed at your footer.

2. Sell your own information products

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If you are knowledgeable about a particular area, you can create products such as e-books or videos and sell them on your own blog. This may take a lot of effort to create and market your product. However, once the preparation steps are finished, you can enjoy your achievements with ease.

3. Make money from copyright

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If you are a talented musician, actor or writer, earn royalties from your own work. In other words, users will have to pay if you want to use your work or creative ideas.

If you are not talented enough to compose, but still interested in making money from copyright, find out about copyright transfer. That is the market where you can buy and sell copyright.

4. Create member community

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If you prove yourself to be a reputable character, you can build a member community, which pays a monthly fee to receive high quality content and information that is not provided. for non-members.

One of my favorite examples is Timothy Skyes, who earns more than $ 100,000 in passive income each month through the community members discussing how people can make money by trading cheap stocks.

5. Set up an auto-reply program

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Another popular online business model is the use of automated answering programs to sell services, products or membership. This is how people leave their email addresses on your blog page, then they will receive an autoresponder email containing a link to download the product or quality information you must provide. , as well as tracking a variety of other emails.

You may need a service like OptinMonstoer to do this. Also, you should read the Quick Quick Quick guide to get started with autoresponder programs.

6. Buy and sell websites

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If you've spent a lot of time and effort building a website, then gaining a lot of traffic, then you can sell it to an interested party by putting it on the exchanges like Flippa, for example. I bought and sold a lot of pages here and made a lot of money.

7. Selling tangible products

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Just like working with a blog, there are several ways to earn passive income by selling tangible products. One of the most popular ways is to sell your old belongings on eBay. Even if you have nothing left to sell, you can start to reduce your purchases. This is where you sell products to a company on eBay or Amazon and they will carry out the rest - including shipping.

Moreover, you can also launch your own eCommerce store using Shopify. In fact, they give you everything you need to be able to sell products online, from a complete online store to creating purchase buttons on your social networking channels.

8. Invest in stocks or stocks

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When investing in stocks, you will become a shareholder. That gives you the right to a portion of the profits in it. For years, investing in stocks has been a popular way to earn passive income through the Internet and now it's easier to research and invest in stocks.

Please note that the stocks you invest can change in many stages of your life. For example: I look for investments that may benefit my daughter, such as a CA529 program that will help pay for my child's college tuition.

9. Peer lending (Peer-to-peer lending)

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Peer-to-peer lending ( Peer-to-peer lending - P2P ) is a place where direct borrowing between lenders and lenders is achieved through online auctions, loans often include many small parts from many homes. Different loans. Companies like LendingClub, Propser and Harmoney have created a new industry in which everyone can become lenders. They will then associate you with a customer who wants or has problems securing a loan from the bank. You can earn a higher interest rate on loans that you have issued because you deal directly with borrowers.

10. Rent real estate

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Thanks to Airbnb, you can rent your house while on holiday or rent a vacation home when you don't need it. In addition, you can also rent garages, car parks or unused office space. This is a great additional income that is almost nothing to do but advertise.

11. Hire an intermediary

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Hiring an intermediary is also known as a price difference and it's basically your hiring someone to work for you. For example, you can start a dog walking service or a web design company, but outsource someone to walk the dog or programmer. You are good at doing things that are much different than being an intermediary and you will be responsible for marketing these services.

12. Create an application

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Create an application and upload it to the App store and sell a million copies. You do not need to sell a million copies just a few thousand people download the application is good. For example, Benny also created a simple and final photo application that earned $ 30,000 in those 30 days.

Now it's easier to create an app than ever, so what are you waiting for?

13. Start Dropshipping (sales without goods)

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If you want to start an e-commerce business without the hassle of storing goods, think about doing dropshipping business ( sales without goods ). With this business, you simply need to build a store interface and relationships with manufacturers. When customers order, you only need to send the order to the manufacturer and they will ship the product directly to your customers. Money will come when the customer pays you. If you are interested in this job, Shopify is the best guide for you (see shopify.com/blog/6492023-drop-shipping-the-easiest-way-to-sell-online).

14. Start the consultation

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Consulting is not passive, but it is also a good income stream. Use whatever skills you get from formal work and start off-hours counseling from 9 am to 5 pm. It's also the job you're doing, but you can charge more and be more flexible for everything, when compared to a traditional job.

15. Sell on Amazon and eBay

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Sell ​​miscellaneous, unused things in your home on eBay and Amazon! This is not completely passive, but it is also an easy way to make money from things that are filling your home. This is very basic and you can get started today.

16. Playing poker cards

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Poker cards are not 100% passive, but fun and you can make a lot of money if you play really well. Take a few lessons on poker, start practicing and win some money. This can be a waste of your time, but playing poker is a game that requires skill - so keep practicing and make sure you succeed.

17. Build Niche Site for making money online

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Create a Niche Site website with income from affiliate partners or another way to generate revenue. This may be similar to the blog mentioned above, but may also be a complete website, even selling existing products to a particular audience. If you want to start following this path, Pat Flynn has a ton of great resources for creating this Niche Site for making money online.

18. Digging bitcoin

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In fact, digging bitcoin is increasingly difficult to do, but buy an algorithm (machine) to dig bitcoin and start digging! With today's bitcoin prices at around $ 800 / bitcoin, it's also a passive source of income. Refer to the summary of the Bitcoin Training Guide for beginners.

19. Become a YouTuber

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Take advantage of your iPhone and start making some videos. You just need a super-fast video to start making money from the AdSense platform, however, even with those channels with modest views also earn regular revenue by posting videos regularly. Moreover, there are famous YouTube partners who also receive other contracts on TV and advertisements. Even Justin Bieber started with YouTube! Even if you don't make a million, can you still achieve some level of virtual-fame on YouTube?

In short, of course everyone has a way to create added value one way or another. In fact, there are very few passive income streams, but if you work hard and help enough people, you can find ways to help a lot of people and make money.

Refer to some more articles:

1. Instead of surfing Facebook, do these 3 useful things online
2. 13 best online money websites today
3. How to maximize income if you are a Freelancer?

Having fun!