How interesting and exciting when we hear about someone who is making money in every second. That person is earning while he is walking, while he is sipping tea, while he is reading a newspaper, while he is watching TV and while he is sleeping. How excited it is! This type of income is called Passive Income. Passive income is when you are earning while you aren’t actively working for it. It means there is no need to go anywhere at a particular time and no need to take extra efforts. Initially it requires some investment of time and/or money, once you have it created, it can continue moving with minimal effort. We all want to earn like this but how; this is the main question and for sure it is not easy and it is not an overnight process. So let’s see how we can make money while sleeping.
Blogging is the most popular and simple way to earn income while sleeping. You just need to create your own topics that people would be interested in reading and sharing. Make sure the topics you write about are popular. After popularity of your website and blogs, you can earn money every time when someone clicks on them. Affiliate Marketing, Contextual Ad Feeds such as Google AdSense, Selling Ad Space Directly, and Sponsorship’s also other options of passive income.
2. Create Your Own Products To Sell:
If you have expertise in a certain area, then you can start creating your own products. For example, if you are a blogger, you can create eBooks or videos for your audience and sell them. This is also another great way to earn money while you sleep. Initially, it may take a lot of work to create and market your products, but once it’s completed, you can just set back; your income will start automatically. This process also builds trust in your audience.
If you have inbuilt skills like writing, acting, musician, etc. you can write your own book. A publisher can offer to publish it and will pay you royalties (a percentage of the sale) for each book sold. It means you did efforts initially and then on every sale of your book, you will get money as a royalty always. Royalty could be of your products or your place.
E-commerce is exploding and it is expected that in 2021, more than 2.15 billion people will be shopping online. So this is the best time to start your own e-commerce store. Amazon, e-Bay, Flipkart is the best example and this trend will definitely increase in the future. Drop-shipping is unique in that you don’t have to source and store inventory. You just build and manage the site. Once your site is built and marketed properly, you can start selling products and earning money while you sleep.
5. Invest in Stock Market:
Warren Buffet, Chairman and CEO of Berkshire Hathaway is one of the best and live examples from all of us. He started his investment in NY Stock Market when he was 14 and today, he is one of the richest man around the world. Investing in the stock market is one of the popular and traditional options to earn passive income. But make sure while investing money, do some research and then make an investment.
6. Income from Real Estate:
Income from real estate is also one of the most popular and traditional ways to make money while you sleep. You can rent out your home, your office space, your parking space or your garage when not in use. You can make money without doing anything and every month you will get your rent. Rental income is safe, secured and fixed passive income.
7. Network Marketing:
Network Marketing is not a new trend but nowadays this industries’ growth is phenomenal. It is expected that in 2025, more than half of the population of the world will join network marketing. It is a peer to peer networking for any product or for any service. Initially, you need to invest a lump sum amount and more time. If all goes well, you will be getting a handsome return over a period of time.