The year is 2020 and the entire world is in serious panic over a viral disease that caused numerous businesses to either close up or fold up entirely while others who struggle eventually went bankrupt but one thing obvious is that despite millions of people losing their jobs and hundreds of thousands losing their lives, some are actually making millions of dollars while they literally sleep and so I thought about it what if we can basically just follow the route of those that made it go learn about how to make money online while you sleep right. Who doesn’t want that.
The fact remains that majority of people on planet earth are lazy and when I say lazy, we as human we just want to have our freedom in order to be able to do that which we love and also have enough time for ourselves.
Survey showed that most people don’t like their jobs and you’re probably one of them which is while you’re looking for the fastest means to learn how to make money online while you sleep. It’s doable. I mean Amazon’s Jeff Bezos who happens to be the richest man in the world can decide to quit his job and nothing will ever happen to him as his stake in the company is enough to keep him afloat for the rest of his life.
But I used the word “lazy” because most people aren’t doing what they’re passionate about which in turn make them feel incapacitated or at least unwilling to put more effort in order to output a much better result.
While I’m not a guru who knows the secrets of “getting rich quick” I will certainly tell you that making the type of money which will is so much that you’re relaxed to the point that you can sleep all day without having to worry too much while you’re raking in thousands of dollars on the daily basis is possible it will just require an initial sacrifice of our time…a lot of your time for real.
But if you don’t want to ever sacrifice the initial time, then you can bet your life on luck. I mean we all red the story of the woman who drove 3 hours to give American rapper Boosie Badass insulin and ended up winning a US$10K lottery just around the block…she got lucky but she’s just one in a million.
Or you can wait till your rich parents or grandparent die and make sure you have a very good relationship with them so that they can include your name in their Will when they pass on. But if that is also not your route then maybe you read this simple guide on how to make money online while you sleep then as it can help transform your life around.
Now, I mentioned businesses that were forced to adapt to the 2020 pandemic trend or be crushed out that is because the internet had gotten so big that it is the only place to transact businesses as well as meet with business associates due to the “Social distancing” measures put in place by governments of the world in order to curb off the COVID-19 pandemic.
With that, transportation companies were crushed with airlines being the first to take the blow then other smaller businesses that never moved to the internet were also crushed. During this phase, Amazon’s CEO made billions of dollars because his company became the sole source of purchasing hub by the people who needed goods and services.
Other companies grew their income too. For example, social media companies were flooded to the point that companies like YouTube and Facebook decided to reduce the quality of their videos due to the large influx of traffic.
Companies like Zoom, Cisco WebEx, Google, Microsoft all rose to prominence and yeah all because people were looking for information, buying things online and also mingling with their loved ones through the internet.
What has this got to do with making money online while you sleep? Well, a lot because the reality is that the internet is the future and that is why you need to tap into this and then create your own viable business which can thrive during hard times.
But enough of the whole story so let’s go through the 12 solid ways on how you can make online while you literally sleep or do I say Make passive income just as the internet gurus call it.
Create an application
Maybe you’ve heard this in the past but creating an application nowadays is the key to making passive income online. One of the helpful thing to note about the application ecosystem is that it needs to be an application that solves a particular problem.
Remember I mentioned putting in the initial work and yes, that is really important in this case. There almost an application for everything on Google Play Store or Apple App Store but one thing is that most apps sucks and that is where you come in.
Create an application that is lovely both in the user interface part and the user experience part of it. Then you want to market your application endlessly. Do it to any point possible. Seek an angel investor or a large investment company or maybe crowdfunding platforms to get people to help you out.
The most important thing is you want to get the application in the hands of as many people as possible. Remember, it takes just few seconds to uninstall an application if a user finds it irrelevant so you want to make sure your application solves problems and that is what will keep it on the devices of hundreds of thousands if not millions of people.
You can then monetize through Google AdMob/AdSense or other means possible or maybe it would require paid subscription to use a certain part but either way the more people you service, the more richer you become. Once in a while, you do the app maintenance but you sleep most of the time right?
Start a dropshipping business
Maybe you’ve heard people like Dan Lok say it but if you’ve never heard of it before, Drop shipping simply mean creating an e-Commerce platform whereby you sell other people’s products. Sounds simple?
Yeah it’s actually simple. Simple in the sense that you won’t have to handle tough scenarios such as customer support or handle delivery but instead, the company manufacturing the goods do that for you while your own job is to ensure as many people as possible buy the product.
But in order for your dropshipping business to survive at all, you’ll also need to put in the work which is extensively marketing your dropshipping website.
You should know that nobody will just throw their money on a website or product they do not trust but if you market yourself as an authentic seller of the product and as a dependable business, then people will be okay to check you out.
Where you start is by mingling with social media influencers. You won’t spend too much money but ensure that you keep track of everything in order to know what works and what doesn’t so you don’t waste your money unnecessarily.
Setting up your drop shipping business, you just head over to Google and look for businesses that you can work with. You can also try platforms such as Shopify to get started faster. When you work hard at first, the money starts pouring in later on when you have persuaded people to buy from your shop instead.
Can you write an e-Book?
Gone are the days when you need government permission and then lobby with some gigantic publishing corporation just to get your books out when at the end you ended up with nothign as the publishing company takes majority of the profit.
But with the internet, you can literally become the next Plato or Socrates of the 21st century by writing a great e-Book and self publishing it.
Yeah, I know what you’re thinking “Since it’s simple, the competition must be very high” Of course you’re right the competition is off the roof which is why you need to market yourself as a good writer.
To do that, you can start a blog but if that’s not for you, then you can hookup with other bloggers and contribute to their blogs and from their, you can get people to link to your e-Book on sites like Amazon.
You book can also come in an audio version which can be sold on Audible.com. Writing and publishing your ebook is one way to show your expertise in a field or subject. You can be a story teller by creating comic books or novels it all just depend on what you want to do.
The good thing about modern day teaching is that yo don’t have to be waking up everyday to go o the classroom just like your traditional teacher. After all, you’re learning how to make money online while you sleep right?
Platforms like Udemy or Lynda or MasterClass allow you to teach people skills which will help them advance in their own careers and since you’re the expert here, why just keep it to yourself. Why not impact the knowledge to others and make money off it.
So in order to achieve that, you just need to create extensive videos and ebooks on a subject and make it so comprehensive. Explain what is what and the whys. When that is done, publish them and charge people to learn from you. Sounds simple? YEAH!
The hard work you’re going to be putting in for this one includes marketing your course to the potential audience and also the time it would take you to create the lessons. All you’ll be doing afterwards is just regularly checking up on your e-students to see their progress.
Own a rental property?
“What about social distancing” You might ask but well, when I say rental properties, it doesn’t have to be your room. It could be your professional camera, your camera crane, your camera gimbal, your DSLR lens or anything that other might want but can’t afford to buy.
Sell stock photos or videos
Initially I was trying to get my picture on to SmugSmug but I’m not really good with photography but anyway if that is your passion, then you’ve just landed yourself a cash cow.
All you’ve gotta do is start with a simple Google and look for places where you can sell your stock photos and videos. These type of content are highly in demand and the more professional your work is, the likely it is going to be bought by firms that needs it.
The initial work this time is the time it will it take you to shoot and edit your photographs. And don’t forget that majority of these websites always host giveaways based on competition which you can simply apply for and with your skills, you’re certainly going to win some thousands of dollars while your videos and photos rake in money on the long run.
Try affiliate marketing
Affiliate marketing works well with blogs so if you’re a blogger, then this is the best way by which you can make enough money while you sleep literally. Okay let me explain.
Blogging can be a really lucrative business if done right. And the fact is that if you invest the time and money in creating evergreen content which just need periodic maintenance to keep it updated, then you’re golden.
Where affiliate comes in is that you basically recommend products or services which you think are good enough that your audience should try out and when they do, the company you partner with pays you a commission for that can you see.
If you check The ProBlogger website out, you’ll be surprised to see content that still rank well on Google dating back as far as 2006. What does that tell you? It’s not about the hard work but the smart work that pays off.
Create a subscription service
I mentioned building your own application the other time but this time around, you can build a service which people can use and pay for.
A good example of that would be SlideBean which uses I to create pitch deck for business owners or you can create an analytic software like Uber Suggest or SEMRush which merely require you update them on the regular.
This is one of the viable ways of making money online while you sleep as your subscription service literally rake in money every month or year while your system provides the service to those who wants it. Just like that.
Buy and sell websites
You can become a website broker thereby selling websites that you buy. Also, you can be selling packed domains as well. Believe it or not, there are domain names that are ultra-expensive because of their number of letters that made up the domain name.
Take domain names with three letter words for example, you’re definitely going to sell that for a lot of money if you’re lucky enough to lay your hands on one of those. There are numerous websites where you can buy and sell websites on the internet among which is Flippa.
Peer to peer money lending
I learnt how to make money from actually not having any in the book conspiracy of the rich where author Robert Kiyosaki made mention of situation whereby you borrow some moeny from your parent and lend it to your friend and then you get an interest on the borrowed money which yoou then pay back to your parent afterwards.
As you can see, you made money out of nothing although the real life scenario doesn’t work exactly like that, but it’s somehow closely related to that. Banks do just that for you when you go on to borrow money from them.
So if you have some money to spare, consider lending it out t your peers and then take your interest which is actually your gain at the end o the day but make sure it’s people that you can trust.
Invest your money
This is the ultimate make money while sleeping scheme and it’s 100% correct only if done the right way. Consider buying stocks in internet companies that are thriving and get your money back in triple folds afgter a short peiod of time.
While I might suck at giving advice in investment because I obviously don’t know anything about it, the best place to go is to look for brokers ans well as read professional investment platforms to see where you should put in your money. You definitely don’t want to put your money in a dying business.
Make videos on YouTube
There are many channels on YouTube whose authors have quit the platform to lead a private life while their videos are constantly ranking in money on the monthly basis without very making new ones.
If that is you, you can leverage this opportunity as well and start making YouTube videos especially if you like to make videos and you’re not shy about putting your face out there.
Anyway that’s all I’ve got for you today. I hope I’ve been able to teach you how to make money online while you sleep even though you wouldn’t have to sleep at the beginning since there is no business you want to start without needing to strive hard at first unless your dad is Bill Gates and you’re entitled to 90% of his fortune.