10 ways to earn money while you sleep

Remember when they warn you to be careful with debt because interest never stops haunting you, never sleeps, or takes vacations? Well, the reverse is true too. Does your money make more money while you sleep? Sounds too good to be true, right? As we continue to live in a world of interest, it is not that difficult to earn a little extra money.

With that in mind, here are 11 ways you can actually earn money while you sleep.

1. Start a blog

Perhaps the most popular way to make passive earnings is to blog. It only takes you a couple of minutes to open one: you have to buy your domain and pay for the hosting.

After I wish, you must start creating content that attracts the audience you are interested in. For example, if you are an accountant who has helped small businesses with their taxes, then write about that. I have one that helps consumers and generates thousands of followers a month.

Make sure your topics are popular. If you love your pet rock, well, I doubt many people visit your pages to monetize them. Although you never know.

Once you have a following, you can start making money with:

  • Affiliate Commissions – This is where you can promote other people’s products. Make sure these offers are relevant to your blog. For example, if you write accounting, you can offer a partner or related software services. Once someone follows you, they can receive a unique code to receive exclusive material.
  • Advertising: If your site has enough traffic, advertisers will be interested in it. You can start charging little but then increase your rates. Again, your site must have quality.
  • Finding Sponsors – It‘s a bit different than just selling ads on your page. Sponsors can have quality content with a logo.

2. Sell your information product

If you are an expert in this area, you can create products like eBooks and videos and sell them on your blog. It may take time to develop these offers and create the market, but you can collect the profits once you do.

3. Earn royalties

If you are a talented musician, actor, or author, you can generate royalties for your work. In other words, people will pay to use your work in their own works. There are markets like Royalty Exchange where you can offer your work or exchange it for other creative assets.

4. Create your own membership community

If you already have a name in your industry, you can create a community where members receive high-quality material that is different from what you deliver to non-members.

A clear example is the author of Entrepreneur USATimothy Sykes earns more than $ 100,000 a month in passive income through his community, explaining how to participate in the Stock Market.

5. Install an autoresponder service

A common online business tool is an autoresponder service for selling services, products, or memberships. It’s about people leaving their email on your site and, in return, receiving an automated email with a download link or special information and follow-up materials.

You will need a platform like OptinMonster or Quick Sprout.

6. Refresh websites

You can build and grow web pages and then sell them to interested customers. There are specialized markets like Flippa that will help you generate perfect extra money.

7. Sell physical products

As with a blog, there are many ways you can make passive income selling products. A straightforward way is to market what you no longer use on eBay. You can also launch your eCommerce stores like Shopify and Etsy. They will literally give you everything you need to start selling online.

8. Invest in stocks

When you invest in securities, you become a shareholder. This entitles you to a share of a company’s profits. Investing in stocks is a popular way to generate passive earnings for years, and thanks to the internet, it is elementary to do so.

Remember that the type of stocks and returns that attract you may vary depending on your life stage. You can start with a very safe one like Cetes and then participate in more complex investment funds. Get good advice before committing yourself, and never forget to put “all your eggs in the same basket” (diversify).

9. Peer – to – peer loans

Companies like Harmoney and Prestadero have created a new industry where everyone can be a lender. You can review the requests that are on these platforms and invest in them. You get exciting interest rates and have more than one active process.

10. Rent a property

Thanks to Airbnb servicesyou can rent your house when you leave the city or another property. What’s more, you can rent your garage, parking lot and even office. It is a good “extra money” that does not require more effort than posting an ad.

Can you think of another idea? Please share it on our social networks with the hashtag #DineroAlDormir! 

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