11 Ways to Earn Money While You Sleep

Remember, as everyone was taught never to borrow, because interest always drips, they never sleep, do not take a day off, do not rest on holidays. However, the converse is also true. Do you earn more money while you sleep? Does this sound too good to be true? Given the fact that people now live in the era of interest, it's not so hard to imagine a way to earn extra money in this way. Here are eleven basic ways of how you can actually make money while you are sleeping.

Get a blog

Most likely, the most popular way to get passive income is to maintain your own blog. You do not need a lot of time or money to start. Simply purchase a domain name and pay for hosting. After that, start creating amazing content that will interest people so much that they will read it and maybe even share a link with friends. For example, if you are an accountant who has helped many small firms deal with taxes, this may be the topic of your blog. If you understand a variety of types of accounts, you can blog to help your visitors find out everything that you can know about bills. This attracts thousands of readers every month. Make sure that you write on popular topics. If you still have a pet stone, then it is unlikely that anyone will be interested in reading about it, since it has long since gone out of fashion, so there will not be enough people on your site to get the opportunity to monetize it. However, you will never know until you try. Once you have enough subscribers, you can earn money in several ways. You can receive a partner commission, receive income from advertising, which you will post on your blog, and even earn on sponsorship contracts. Note that the latter can be either one-time or short-term, but there may be long-term ones that require you, for example, to place a logo on your website that will remain there forever.

Sell your own information product

If you are well versed in any field, you can start creating products, such as e-books or videos, that you can sell through your blog. Creating and advertising your products can take you a lot of time and effort, but when this is done, you can just relax and make a profit.

Earn on fees

If you are a talented musician, actor or author, you can earn royalties (or royalties) from your creations. In other words, people will pay you for using your work. If you are not talented enough, but still interested in royalties, you can visit a resource such as Royalty Exchange. This is a marketplace where you can sell and buy licenses.

Create a community

If you have already shown yourself as an authoritative person, then you can create a society with paid membership. Participants will pay you membership fees to receive additional high-quality content and information that is not available to people who are not members of the community. One of the most vivid examples is Timothy Sykes, who earns more than one hundred thousand dollars of passive income every month with the help of membership dues of his community, where he discusses how people can earn money by selling cheap stocks.

Install an answering machine

This is not a telephone answering machine, but an e-commerce model that allows you to install a virtual assistant on your site that will sell your products, services and membership in your community. People will leave their phone number or email so you can contact them.

Sell Sites

If you have spent enough time and effort to create and promote your own website, attracted a lot of traffic to it, you can sell it to an interested person and get a good amount from this. On special trading platforms you can sell and buy sites, earning on it big money.

Sell real products

As with the blog, there are several ways to earn passive income by selling real products. One of the most famous is the sale of your old junk on eBay. But even if you do not have anything that you could sell, you can do dropshipping. Dropshipping involves the sale and delivery of goods from large companies, as a result of which you will receive a difference between wholesale and retail prices. You can also think about creating your own online store.

Invest in shares

When you buy shares, you become one of the owners of the company. This gives you the corresponding part of its income. Investing in shares is one of the most popular ways of passive earnings in recent decades. And now, thanks to the Internet, you can without any problems to explore the situation on the stock market, buy and sell shares. Remember that the shares in which you invest can change during their life cycle.

Equitable lending

Numerous companies have created an entire industry in which every person can become a lender. Then these companies will find for you a person who did not want or could not get a loan from the bank. You can get a large percentage, because you interact directly with the client.

Rent a property for rent

Thanks to Airbnb you can rent your property when you go on vacation, or even rent out the property that you do not currently use for longer periods. You can also rent out your garage, parking space or an unused office. This is a wonderful additional source of income that you can receive without doing absolutely nothing.

Hire an intermediary

This is the kind of activity in which you take an order for something, and then assign this work to someone else. For example, you decided to start a business to walk the dogs or create websites, but you yourself charge the walking or coding to other people.