Want to Make Money While You Sleep?

Does it sound too good to be true?

Since we still live in the age of the internet, it’s not that difficult to earn extra money on the side.

I worked a traditional 9 to 5 job for many years and eventually I got burnt out. I knew that I wanted more freedom and the idea of passive income became very appealing.

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

1. Start a blog.

Perhaps the most popular way to earn a passive income is by launching your own blog. It only takes a couple of minutes to set up and is cheap to start — just purchase your domain name and pay for hosting.

After that, start creating amazing content that people would be interested in reading (watchin’ if it’s Youtube) or sharing. For example, if you’re an accountant that has helped small business owners with their taxes, then that could be your blog.

Make sure the topics you write about are popular. If you still love your pet rock, I doubt there would be enough people visiting your our site to monetize it. But, you never know.

Once you’ve gained a following, you can start making money from of your blog by:

• Earning commissions as an affiliate. But make sure products or services are relevant to your blog.
• Sell advertising.
• Find sponsors.

2. Invest in Crowdfunded Real Estate

Real estate can be a great way to make money while you sleep. However, because it costs so much to purchase a home, using a crowdfunding platform to invest in real estate debt can be a more affordable option.

If you want an easy, low-cost way to invest in real estate, consider using a company like Fundrise. You only need $1,000 to get started and they have three main eREIT’s to choose from.

You can also consider checking out Realty Shares which is one of the largest crowd-funding companies around today. While most deals require at least $5,000 they occasionally offer properties with a $1,000 minimum. The cool thing about Realty Shares is that you get to hand pick the property you invest in.

Want to invest in a specific hotel or a certain apartment complex? They allow you to do just that. Keep in mind that there are risks to investing. We also have an affiliate relationship with RealtyShares.

3.Get Cash Back on Shopping You Already Do

You have to shop anyway, so why not get cash back on things you’d normally buy in the first place? There is a site called Ebates that will pay you $10 just for signing up and it is free.

With their double cash back specials, you can double your passive income earnings if the right items go on sale.

The key with shopping sites like this is to commit to buying only what you normally would purchase and not buy things just because they are on sale.

4. Create an Online Course

Online courses can be a great source of passive income.

Here’s how they work: you create a value-packed online course that helps solve a problem or fills a need. This course can include videos, e-books, and emails with pertinent information. Customers sign up to purchase the course and your system automatically emails them everything they need to access the materials.

You get money for the price of the course that you created and automation does all the heavy lifting for you.

5.Earn royalties.

If you’re a talented musician, actor, or author, then you could earn royalties from your work. In other words people will pay you for using your work or creative assets.

If you aren’t talented enough, but still interested in earning royalties, then check out Royalty Exchange. It’s a marketplace where you can buy and sell royalties.

6. Rent out property.

Thanks to Airbnb, you can rent out your home while on vacation or your vacation home when not in use. You can also rent out your garage, parking space, or unused office space or whatever. It’s a nice supplemental income without really doing anything except placing an ad.

7. Invest in stocks or shares.

When you invest in stocks you become a stakeholder. That entitles you to a share of their profits. Investing in stocks has been a popular way to earn a passive income for years, and thanks to the internet, it’s easier than ever to research and invest in stocks on your own.

Keep in mind that the stocks you invest in can change throughout the various stages of life.

Isn’t it awesome? What is your way of making money while sleeping?

Daria Chuiko — writer, journalist,ideas generator of a Digital Nomad Magazine. Originally from Odessa, Ukraine. Write about startups, blockchain, travel, Digital nomad lifestyle and everything what inspires me.

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