Tuesday, January 3, 2017

Ways to Make Money While You Sleep

11 Ways to Make Money While You Sleep

Is your money making money while you sleep? 
Does it sound too good to be true? Since we still live in the age of the interest, it’s not that difficult to earn extra money on the side.

With that in mind, here are 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 setup 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 or sharing. For example, if you’re an accountant that has helped small business owners with their taxes, then that could be your blog. I personally have my invoicing blog to help customers know everything there is to know about invoicing. This draws thousands of signups a month.

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. This is where you push other people’s products or services on your site. Make sure these products or services are relevant to your blog. For example, that accounting blog could become an affiliate for accounting or invoicing software. Once you find an affiliate partner you’ll be given a unique code so that whenever a visitor clicks that link on your site you’ll earn your commission.

Sell-advertising. If you’re site has the traffic to become an affiliate, then it may also be good enough for advertisers to purchase ads on your site. You may start off small, like making under $20 per ad. But, you may eventually be able to charge triple digits. Again, you site must be quality.

Find sponsors. This is slightly different than just selling ads on your site. Sponsorships may be a one-off piece of sponsored content or permanent logo embedded in your footer.

2. Sell your own information product.
If you’re knowledgeable in a certain area, then you can start creating products, such as eBooks or videos, and selling them on your blog. It may take a lot of work to create and market your products, but once all the leg work is over, you can just set back and collect the proceeds.

Related: 7 Speedy Business Tips From NASCAR Driver Dale Earnhardt Jr.

3. 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.

4. Create a membership community.
If you’ve proven yourself to be a authority figure, then you can create a membership community where you pay a monthly fee to receive additional high-quality content and information that’s not available to non-members.

One of my favorite examples is Timothy Sykes who makes more than $100,000 per month in passive income through his membership community which discusses how people can make money in trading penny stocks. 

5. Install an autoresponder.
Another common online business model is using autoresponders to sell services, products or memberships. This is where people leave their email address on your site and then they’ll receive an automated email containing the link to download products or quality information you have to offer, as well as follow-up with a series of emails.

You’ll a need service like OptinMonster to make this possible. I also recommend you read this Quick Sprout guide to get started with autoresponders.

6. Flip websites.
If you’ve put in the time and effort in building a website and you have gained a lot of traffic, then you may be able to sell it to an interested party by listing on marketplaces like Flippa. I've bought and sold a lot of sites here and made a lot of money.

7. Sell physical products.
Just like with a blogging site, there are several ways to earn a passive income by selling physical products. Probably one of the best known ways is by selling your old junk on eBay. But even if you don’t have anything left to sell you can start drop shopping. This is where you sell products for a company on eBay or Amazon and they’ll take care of the rest - including shipping.

You can also launch your own eCommerce store by using Shopify. They literally give you everything you need to sell products online from a complete online shop to including buy buttons on your social media channels. You may like to Join Jeunesse Global eCommerce platform. Redefining Young Generation 

Related: 7 Ways to Make Extra Income Even With a Full-Time Job

8. 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. For example, I look for investments that can benefit my daughter, such as a CA529 plan that will go towards her college tuition.

9. Peer-to-peer lending.
Companies like LendingClub, Propser, and Harmoney have created a new industry where anyone can become a lender. They will then match you with a consumer who either prefers or has trouble securing a loan from a bank. You can earn a higher interest rates on the loans you issued since you’re dealing directly with the borrower.

10. 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. It’s a nice supplemental income without really doing anything except placing an ad.

Related Book: Moonlighting on the Internet, 2nd Edition by Shelby Larson

11. Hire a middleman.

This is also known as arbitrage and is basically where you have someone else do the work for you. For example, you could start a dog walking service or web design firm, but outsource the actual dog walking or coding to someone else. You’re much better doing anything except being the middleman who is in charge of marketing these services.


Skills You Can Learn Online for a Lucrative and Productive 2017
Expand your skill sets to be desirable in the job market.

I am so much in love with this era we are in -- an era where there is so much information online for self-development. A focused and determined person can learn many skills online and use them to diversify his or her income. With all the advanced, digital technology in this world, no one should give excuses of not having one or two skills to remain relevant and competitive.


In the days of yore, skill acquisition and dissemination were limited to certain geographical locations because of the low level of technological know-how. However, the advent of sophisticated technology -- which propelled the development of many apps, software and social media -- has made skills and knowledge easily disseminated and accessible.

There are countless websites readily available for you to acquire valuable skills and knowledge for free or with little fee for a productive 2017. These skills are:

1. Web design and development.
Web design and development is a highly sought-after skill. This is because we are in a digital transformation age where every business -- small, medium and large scale -- is extremely interested in showcasing their products and services to the world through their websites.

There are lots of sites that can teach you how to design and develop a website. By acquiring these skills, one is adequately positioned to scramble for millions of small, medium and large scale businesses who are contemplating launching or updating their websites.

2. Statistical data analysis.
Statistical data analysis is another vital skill that is in high demand by companies, entrepreneurs and students. The knowledge of Mini-tab,  Statistical Package for Social Sciences (SPSS) and E-view, just to name a few, makes a person highly desirable. 

As a researcher, I have smiled all the way to the bank numerous times because I have some knowledge of statistical data analytical software. Most students in tertiary institutions need an expert data analyst -- companies too, especially when sophisticated software is needed for forecasting market shares, profit and other vital results that will aid managerial decision making.

You can learn these data analytical tools online, and consult an expert for clarification should you encounter some difficulties trying to grasp the calculations and interpretation of results. 

3. Fashion designing.
Humans are always in need of food, clothes and shelter. These are three basic necessities of life. Both rich and poor are in need of clothes. In our contemporary world where fashion is always a trending issue, everybody wants to look classic and beautiful. This has made fashion designers kings and queens in their profession.

There are sites that can teach you how to draw fashion or make fashion sketches, and there are lots of online videos that can teach you make dresses. The beauty of having this skill lies in the way customers flock around fashion designers within few hours of setting up an office.

Fashion designing is synonymous to a football match; there is never a dull moment from the blast of the whistle. What do I mean? Even at the apprentice stage, customers are already flocking around you.

Related: 10 Best Skills to Learn Online Today

4. Make-up.
Believe it or not, the makeup business is growing at an incredible rate. There are lots of online videos that can teach you the rudiment of make up. An interview with Ifeoma Agu, the CEO of Ivonmelda Makeova, shocked me. She is an expert in hairstyle but felt she needed a makeup skill to enhance her business growth.

However, since she couldn’t afford the training fees, she decided to download lots of YouTube videos on makeup. The rest is history. She is one of the most sought-after makeup artists in her state as a result of her quality service delivery. Remember, she learned this skill for free. You can do same.

5. Business research.
Many people want to venture into business while those who are already in business are seeking other businesses to invest in. Many companies and investors are actually seeking well-researched business ideas to invest in.

As a business researcher, you can work on your own terms. You decide whether to sell your business ideas or become a partner in the businesses. At the end of the day, you will be surprised to see that you are a co-owner of chains of businesses.

Acquiring this skill is not as difficult as you think. I am saying this because most people are indifferent when it comes to research. All you need is to be patient, focus and determined. Read online articles and journals or watch videos on business research. It's also a good idea to consult an expert.

6. Own a blog.
You can actually learn how to create and run a blog online. By systematically following the step-by-step instructions on creating a blog, you'll be acquiring the skill to create more blogs for prospective clients. You can create a blog for your web design and development business, statistical data analysis, fashion designing, makeup and business research businesses.

Related: 5 Business-Blogging Mistakes -- And How to Fix Them

Successful bloggers today started by simply creating a blog. The rest is history. You too can join the leagues of successful bloggers by meticulously following their footsteps.


There is so much to be gained by acquiring one or more skills online. Big organizations looked for people with the talents and skills discussed above in 2016. And 2017 will not be different. Learn a skill online today for a productive year.

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