Does “make money while you sleep” sound impossible? Yet here we are still trying to explore the possibilities within the impossible.
Making money while you sleep is not impossible. People have been successfully doing that and you can too.
However, it is important to understand that it is not a “get rich quick” scheme. You will have to put in work and effort in the initial stages. And you will also have to wait for this income to generate. But yes, with the right work and some patience, you will soon be making money while you sleep.
There are several ways to make money while you sleep. And all of these ways, especially the ones mentioned below, are legit and effective. Let’s dive right into them, shall we?
Let’s start with YouTubing. As we know, YouTubers make money but they are not paid as soon as they post a video. So, the scenario here is that a YouTuber or a content creator posts a video and as they get the views, they are paid.
That means, that once you have posted the video, you don’t have to do anything but let it reach the audience and get paid.
However, you will have to post good quality content on YouTube to make money while you sleep.
If YouTube is your call, you should consider taking a course on how to become a successful YouTuber. This will prove to be more beneficial than diving right into it with no prior knowledge.
Affiliate marketing is one of the oldest methods of making a passive income. The earning potential in affiliate marketing is as high as one can imagine. But it certainly isn’t easy. You will have to build a community and be dependent on them.
In affiliate marketing, all you need to do is sign up for the affiliate program of any eCommerce website. Amazon, Nykaa, Flipkart, and Meesho are commonly known for their affiliate programs. Share the links of the products in your blogs, and social media, or send them to your friends. Whenever somebody will buy from your given link, you will earn some percentage.
The percentage you will get may vary depending on the program and its terms and conditions. It can become a huge source of income for you if you have an active audience on social media.
Write a Book
If you are a good writer, writing a book is the best option for you. Writing a book is not a lot different from writing articles and blogs. You need to be good with long-form content and storytelling. Once you get your book published, you will earn as and when someone purchases your book.
Writing a book is not as difficult as it may sound. You don’t have to write a 1000 pages book. A short book with good content and an attractive name can do wonders for you. You just need to start writing and get it published.
Furthermore, the book need not be a hard copy. Online books or eBooks can get you similar money without any investment. And the process is easier as well.
Sell Online Course
We all have a specific hobby that we kind of excel at. But people believe that they don’t have any hobbies or skills. Trying things out to find out your hobby can prove to be a better choice than believing you don’t have any.
Once you know what you are passionate about, you can share your knowledge with the world. The best way of doing that is by creating a course about that skill and selling it online.
Selling an online course is not like giving online classes or tuition. In the former case, you will prerecord all the lessons and compile them into a few short chapters. So, once done making the course, you don’t have to do anything. Spread the word about your course and everything will be there for your students to take, watch, and learn.
Rent Your Stuff
A lot of us own something that we neither use nor sell. Well, if you have something that you are not using but are in good condition, you can consider renting them out. It’s better than selling because you will be getting a certain amount every month. And when someone returns your product, you can rent it out to someone else.
Again, you don’t have to do anything. Post a rental advertisement online or inform people near you that your stuff is on rent.
Create Digital Products
Instead of creating physical products you can create and sell digital products. You will create a product once and post it on an eCommerce website such as Amazon, Shopify, and Etsy. People will purchase the product and you will get the money, with no hassle whatsoever.
If you are not sure what digital products are and how you can create and sell them, this course will help you.
Read more: Multiple Income Streams You Can Build Along Your Full Time Job
Start a Business Online
Lastly, you can start a business online. Literally, anything that you have in mind can be started and you will not have to worry about anything. And still, you will be earning money out of it. Curious to know how?
Well, you can start a business online, hire remote staff, and get work done. You will be earning profit but with the art of delegation, you will not have to work yourself. Your team will work and grow your business for you.
Earning money while you sleep is not a scam. It is okay to make money without working hard. But to generate this income, you will need to invest a significant amount of time and effort. Especially in the initial stage of setting up a passive income stream.
If you wish to learn more about side hustles and passive income, Hustlepost Academy’s Side Hustle Formula Course is perfect for you. They offer several courses that can guide you right from the basics and take you to the top.