7 Ways to Make money while you sleep with Passive income
7 Ways to Make money while you sleep are you wondering what you can do? The answer is Passive income.
If you have an internet connection you could potentially make money from Passive income.
(If this post contains affiliate links please see our full disclosure policy although i have to warn you it is quite boring, but if you really must read it you can find it Here)
What is Passive Income?
It’s not what you think! The title of Passive income is a bit misleading.
It’s not making money without doing anything.
But what it does mean is you do lots of work upfront so eventually you will get a return on all your hard work and start reaping the rewards in terms of Passive income.
You can continually earn income on digital products again and again.
So yes you can make money in your Sleep as long as you have done the work up front!
Does this remind you of anything? Like for instance BLOGGING??
Yep once you have done the work to put systems in place you can reap the rewards – there is no MAGIC wand that will turn your business into a Passive income generating superstar.
You have to put the work in to start with.
So if you fancy trying this blogging thing check out my How to start a blog Emails series here:
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This is a game changer, because with these time-saving cheat sheets, you can review all the bundle’s material in less than half the time, and then dive deeper into the topics that are most interesting to you.
Wouldn’t it be great to make money in your sleep!
- Saving for Retirement- yep this is me
- Pay off debt
- Emergency fund
Earn and saving money with Passive income couldn’t be easier.
Getting control of your Money can reduce your Stress especially if you know you are on the path to your goals and you can see it all working!
Master your Money Super Bundle has you covered its chocked full of information curated by people how have learned how to handle money ( not folks who have had large inheritances or winning the lottery I might add).
These are REAL LIFE money-saving strategies from people who know what it’s like to live in expensive areas or have large families or enjoy the little extra – even on a tight budget.
Here are THREE of my favourites:
How to Generate Passive Income with a Self-Published Book on Amazon
Video presentation by Jen Ruiz ($19.00)
Learn how to self-publish your book.
Side Hustle Starter Kit
Workbook by Nicole Butler ($27.00)
Ready to start making extra money from home but you don’t know where to begin? Do you want to see your idea come to life? Includes a Business Launch Plan, Expense Tracker and more!
Great Ways to Make Money in Your Spare Time
eBook by Angie Nelson ($7.00)
This eBook will introduce you to some great ways to earn extra cash without a lot of extra time.
Now, remember I said it was a load of work up front so not to disappoint you but it has taken me just over a year to earn over $100 this month and hopefully continuing.
The great thing about this Blogging THING is you can have multiple Revenue streams including things like Affiliate marketing, selling your own Digital download products like eBooks or eCourses. Sell your services like being a Virtual assistant the options are limitless.
How much can you Earn Passive Income
If you decided blogging is what you want to do to earn a passive income then the sky is literally the limit.
Top bloggers are earning upwards of $150k per month and some are earning more than that!
If you combine blogging with making your own digital products then you are onto a winner.
Passive Income Ideas
So if you are still with me read on to make money while you sleep with Passive Income.
If you are a beginner learn how to start your Passive income generating opportunity today.
The great thing about these Passive Income Ideas is that you do not have to invest Money upfront.
If you do the hard work up front you can reap the financial rewards later on.
1. Become a Published Author
No, you don’t need to find a Publisher you just need the will and drive to write an eBook and away you go!
Amazon Direct Publishing will do the rest!
If you have a subject you want to write about then go for it – you don’t need to have a full length novel it can be short non-fiction too!
Here are some examples:
How to start a blog
How to make Passive income from Affiliate marketing
How to make Homemade Body scrubs
How to make and sell crafts from home
Lots of options for all different things! The great thing and bad thing about Amazon is that you are competing with a large Audience for your books to be seen. If you have your own blog or think about starting your own blog then it can be easier to sell your eBook that’s assuming you have traffic to your website.
Resources for writing your own eBook:
2. Affiliate marketing
What is Affiliate Marketing? This is a type of marketing where you promote other peoples products and earn a commission.
Depending on what you promote you can earn upwards of 40% commission on some items which I have done! Watch out for my April Income Report.
It’s really easy to implement but really hard to do well!
One of the large affiliate networks is Amazon Affiliates.
Basically, you are showcasing other Peoples products and you can do this in numerous ways.
Ok so don’t just promote something you don’t know anything about it needs to be high- quality products that you have used or know about so you can talk about them to your audience.
The best place to promote products is via a blog so this is another reason to get started with one today.
Here are some examples of posts I have written that are specific to a few blogging courses I have taken and loved:
You can also use list posts to promote affiliate products and one of the biggest ones is Awin network which allows you to promote products on Etsy.
This post has links to Etsy products:
Want to find out more about Affiliate marketing then read these posts:
3. Online courses
If you offer something people are looking for then you can really make money with your own products.
You would definitely need to make sure that what you produce is something required otherwise you will be hearing crickets!
You can have a look at your competition see what they are offering to give you some ideas – whatever you do you don’t want to copy what someone else has done.
You can also lurk in places like Facebook groups to see the kind of questions people are asking to give you a clue as to what folks want.
This works you are knowledgeable about a particular topic.
As with other passive income strategies once you have constructed your course you can sell it again and again!
You can host your eCourse on platforms like Udemy or Teachable.
Promotion wise you can promote your course via your blog and you can also offer affiliate commissions for other people to promote your course.
It can be a win-win scenario!
This can be another great way to earn money
It is still possible to make money with Ad income alone but these days you do need to sufficient page views to your blog. So if you wanted to make around $1k a month you would need over 100k pageviews to earn this.
There are two Ad networks I recommend
- Adthrive only apply if you have over 100k page views per month
- Mediavine you need over 25k page views per month
Both have great reputations for running Ad’s on blogs.
To give you an example of a website that earns its income from Ad’s look at
5. Become a Youtube star
It’s still possible to become a megastar with Youtube.
It takes time and practice to get good with video.
Youtube changed the way you can earn money with Ad revenue and make money now you have to have at least 1000 subscribers or 4000 hours of watched content monthly to qualify to allow them to display Ad’s before your own video.
One of the best ways to earn is to add Affiliate links to your content on Youtube instead of your blog this way you earn when folks buy the products.
6. Become an Instagram star
If your Instagram account is in great shape ie. you have lots of followers and comments you can approach brands to work with you and pay you to post sponsored content on Instagram for a fee.
Again you can also use Affiliate marketing to promote specific products for people to buy.
7. Renting out your Spare room for AirBnB
If you have a spare bedroom and are willing to have strangers in your house this can be a great money spinner.
You can even hire out the management of the room to a company who will deal with the books and even the cleaning of the room so you don’t have to but for a commission of course.
What are you waiting for to start dreaming of Passive income today! You do need to do the upfront work but wouldn’t it be great to earn money with passive income whilst you are sleeping!
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