We all know that working hard is the key to success. But it’s not always enough. Sometimes, you need a little luck on your side too. And while some people are lucky by birth, for others it takes more than just being born under the right stars to make their dreams come true.
The question is do you need to work harder or do you need to work smarter
Is your money working for you while you sleep?
It’s never been easier to make some extra money on the side. All you need is an internet connection and a little creativity!
The internet has made it easier than ever to make some extra money on the side. In fact, there are now websites that allow you do all sorts of things from home with your computer from taking surveys or watching videos for points in return as well as participating in games like Mario Kart where users will race against each other and win rewards based how fast they finish a course!
Here are some ways you can try to actually make money while you sleep!
1. Selling Stock Photos
If you really want to make some serious dough without having to do much, selling stock photos might be for you. This is where you take pictures of any subject imaginable—from nature scenes and food to fashion and even people—and license the use of your photos for different companies. The more in demand they are, the higher chance you have of getting paid for them!
To make stock photos, all you need is a digital camera or an app on your phone if you’re trying to go that route. Once you have something to take a picture of, it’s as simply as uploading them into a free stock photo website and either competing in contests or selling your photos outright. Each site will have its own commission rates but you can expect to make between 40 to 60 percent of the sale. That’s not too shabby for pictures!
Stock photo companies such as Shutterstock, SmugMug, iStock, and others will buy your photos.
2. Invest In The Stock Market.
Believe it or not, the stock market is one of the best ways to make money while you sleep. The way this works is that people buy stocks in companies they believe will bring them profits over time (and even now). They expect their stocks to go up in price so they can sell them off to someone else for a higher price than they bought them for.
It may seem risky but it’s also been shown to be one of the simplest ways to make a lot of money with very little effort.
You can use a standard brokerage, such as Fidelity or JP Morgan, to do so. However, if you don’t have a lot of money to begin with, there are currently a variety of micro-investing apps available that can be used.
3. Create A Blog.
You can do this on your own website, an external one like Blogger or Tumblr, or even on a free blogging platform like Medium. Once your site is up and running, you’ll need to find the right monetization method that works for you. You can sell ads through Google Adsense or other ad networks; collect fees (and/or donations) through PayPal or Stripe
Earning commissions as an affiliate
This is another great way to monetize your website. You can promote other companies’ products and services through affiliate marketing, which is when you get a percentage of revenue from any sales made as a result of your recommendations. To start this business model on the web, sign up for an affiliate marketing network such as FlexOffers.com below or play around
Seek out, sponsors.
Sponsorships are another business model you can try to make money. However, this one is a little trickier because it requires sponsors who agree to collaborate with you and promote content or brand in return for access to your audience. You’ll need to develop a large following before companies will be willing to work with you on promotional campaigns.
4. Create And Sell Physical Products
In addition to affiliate marketing and selling ads, you can also create your own products and sell them online for a profit. This is a bit difficult way to earn money with a blog but it’s one of the simplest methods you can use to make serious cash while sleeping. If you’re interested in the idea, here’s a guide on how to start and run an online store.
A great way to go about doing this is by creating and selling products that you’re knowledgeable about. This allows you to provide all your best advice in one place and sell it through your site for a profit.
Initially it may take a lot of time and effort to develop and advertise your products, but once that’s done, you can sit back and collect the profits.
5. Start Drop Shipping.
Dropshipping with an eCommerce platform like Shopify, which allows you to sell products without needing to keep inventory.
In addition, it’s a great way to get your feet wet if you’re just starting out and don’t have a lot of money.
All you need to do is connect with companies through Alibaba or other dropshipping marketplaces and agree to be the middle man. You buy the product from them and sell it at a markup. When you get an order, someone under your employer or yourself will ship the product straight from the company to the customer.
6. Start Selling Apps
If you’re a developer, you can start making money while sleeping with your apps as soon as they hit the app store. If you don’t want to spend years of time and effort building an app on your own, you can always outsource the app development work
However, there are a variety of platforms you can use to sell your apps without needing any development skills.
You put your expertise and the effort it takes to build the app into it, but once it’s done, you make passive revenue when it sells.
7. Sell Merchandise Online
Selling T-shirts on your site is another great way to make money while sleeping. If you already have a blog, add a Shop section where you list the items for sale and customers can purchase them directly from there.
You’ll need to create some type of product to offer in order to do this though,
You may create images for t-shirts, posters, coffee mugs, caps, phone accessories, and other products.
To doing this you can use sites like:
8. Amazon FBA
Another great way to make money while sleeping is by getting into the Amazon FBA business
With this, you can either source your own product or find a supplier and have them ship directly to Amazon’s warehouses. Once it sells, you get a cut of the profits and repeat the process again. It’s simple and easy, making it a great way to make money while sleeping
To get started, sign up for an Amazon account and start selling your own products or creating bundles of other products. You can choose to list them as Fulfilled by Merchant (FBM) or Fulfilled by Amazon (FBA).
When you start with Amazon FBA , Amazon does all the selling, shipping, payments now you know why this can be a great passive income.
9. Start Flipping Websites
Another way to make money while you sleep is by buying up websites that are already making money and scaling them.
Then you flip the site for much more than what you bought it for, since it’s already developed and bringing in revenue.
You can also just buy sites with potential and develop them yourself to sell later when they get nice boost in traffic.
There are lots of places where you can find sites to buy, like Flippa or Empire Flippers
10. Create and Sell an eBook
eBooks are a great way to both make money while sleeping and get traffic to your site at the same time.
You can write about anything and sell it online through publishing platforms like Kindle Direct Publishing (KDP) or CreateSpace.
Writing an eBook may take some time, but it’s easy to sell since your audience is already looking for them online. The hard work you put into writing the book will pay off once you start getting sales and build a readership.
11. Renting Out Property
If you have a property that’s not being used or is frequently away, then renting it out could be another way to make money while sleeping. Websites like Airbnb allow people to rent out their properties.
When you agree to become an Airbnb host, you’ll need pictures of the place and a way for guests to contact you before listings can be made.
When your property is rented, you’ll get paid and keep making money as long as it’s listed.
12. Create A YouTube Channel
Create a YouTube channel if you have a passion or expertise in an area, and upload videos about that subject. You’ll make money from advertisements as well as affiliate deals with companies selling products related to your niche.
If you get enough subscribers, you could even start making money through sponsorship’s for your channel.
13. Selling Online Course
If you have a degree or some form of expertise, then sell pre-recorded online courses that others can buy. In addition to the course itself, you’ll likely be offering additional material as well as webinar sessions for your students.
Once someone purchases a course, they’ll get access to all of your content and can watch it on their own time; making it a passive income for you.
Wrapping It Up
You don’t need to be an entrepreneur or business owner in order to take advantage of passive income. There are plenty of ways for you to make money without working too hard, and they won’t all cost a ton either!
If you’re looking for some simple tips on how to start making more money just try one of them or maybe two or three methods together that are mentioned above.
So what are you waiting for, get started today!
And make money while sleeping.