32 Ways You Could be Making Money While You Sleep
It’s ironic, but most passive income ideas require at least some initial effort. In fact, every time I hear someone say “passive income” I am always skeptical. Unless money is outright given to you, you will inevitably have to do at least some work in order to get it.
However, after the initial up-front work is out of the way there are a lot of passive income ideas that allow you to make money while you sleep.
There are many ways to make money passively. In this article, we will discuss some passive income streams that will help you increase your cash flow.
If you are trying to save money, or end up with big bucks the only thing between you and financial freedom is choosing which revenue stream or business ventures you want to try.
So… let’s get started.
Here are 21 ideas for making money while you sleep
The following list of making money while you sleep ideas is by no means an exhaustive list. I would also like to say that each of these ideas takes skills that you may or may not already possess.
Ok, let’s get down to it.
1. Invest in Real Estate
When you invest in real estate, you can make money over time as the value of the property goes up. However, you will only get that money when you sell the property.
If you would rather have cash flow now, invest in a property that will bring you rental income.
2. Buy a rental property
Real estate investing is one of the oldest ways to build long-term wealth. Rental properties and commercial real estate make it easy to start earning passive income, but you need to have extra cash to put in upfront.
If you want to, you can buy rental properties or other types of real estate. To save time you can also hire a property management company.
Even if you don’t have a lot of money, you can still earn rental income. You can do this by owning just a part of an apartment building. Then you can sit back and simply collect proceeds.
Want to earn money without doing any work? Try REITs…
3. Invest in Real Estate Investment Trusts (REIT)
A REIT, or real estate investment trust, is a company that owns and manages the property. It’s a great way to earn income without a large monetary investment.
This can be a good way for smaller investors to come together to afford investments they wouldn’t be able to afford by themselves.
REITs are a type of investment that gives you a return of 9.5% on average each year. If you want to invest in something for the long term, REITs are a good option because they offer a passive income.
This means that you don’t need to do anything to get this return; you will be making money while you sleep.
4. Invest in Crowdfunded Real Estate
Real estate investing is pricey, but these days there are crowdfunding platforms like Realty Shares and Fundrise that can assist you to save money.
One way to make money passively with real estate is to invest in crowdfunded real estate.
This allows you to invest in a property for less money, and you typically don’t have to be a real estate expert.
There are many platforms that offer this service, but I would recommend Realty Shares or Fundrise. They are both reputable companies, and they have a lot of experience with real estate investing.
5. Buy Stocks That Pay Dividends
If you own shares in a successful company, you will get paid dividends. This usually happens every quarter. However, it is important to do your research before buying stocks, as not all companies are successful.
This requires knowledge of how to invest in stocks and is not a beginner endeavor. Terms like index funds and portfolios will be used a lot so learn about them.
This is an excellent way for you to earn money without doing much work.
6. Invest In a Mutual Fund or Investment Company
A mutual fund is a collection of stocks and other securities. They are managed by professional investors, who choose the types of stocks they want in their portfolios.
When you buy shares in a mutual fund, you actually own part of many different companies, and you will be earning money from each of them.
The drawback here is that it is difficult for a beginner to choose the best mutual funds and manage their portfolios. However, do it correctly and your bank account will thank you.
If you become successful at investing, you can earn thousands or even millions of dollars with minimal effort.
7. Starting A Print On Demand Business
If you are an artist, designer, or entrepreneur, one of the best passive income ideas is starting a print-on-demand business. You work with a supplier to choose the design and then sell the print-on-demand products to someone who orders it.
This makes print-on-demand stores a good passive income stream because:
- You can create products quickly and put them up for sale on the internet within minutes.
- Your supplier will take care of shipping and fulfilling your orders.
- You can use automation to help with marketing and sales processes once your store is set up.
Print-on-demand companies like Printful make it easy for you to create products to sell in your Shopify store.
Overall, print on demand is a low-risk way to make money while you sleep. It’s simple and fast to get started. It’s one of the fastest-growing passive income streams which makes it somewhat competitive to get into.
8. Rent Out Rooms In Your House
If you have a spare room in your house, you can rent it out to someone and earn passive income. This will help you make some extra money and also give someone a place to stay.
Make sure that you screen potential tenants carefully and get references before renting out the room. Most people that are saving money are smart, just make sure they aren’t shady.
You can partner with a rental company like Airbnb to put your extra space up for rent. This will give you some extra money while you’re away.
Airbnb is a service that connects individuals looking for accommodation with homeowners who have space to spare. People typically pick Airbnb because it is less expensive than a hotel. As a result, there is strong demand among hosts of Airbnb.
If you want to make more money from Airbnb, you can buy apartments and rent them out. But note that it often requires work to get the apartment ready for renting.
So while it’s not exactly passive income, you will be making money while you sleep, and also while they sleep.
9. Stake Cryptocurrencies
Staking cryptocurrencies means that you commit your crypto assets to help a blockchain network run and confirm transactions. This is an option for cryptocurrencies that use the proof-of-stake model, which is more energy-efficient than the original proof-of-work model.
Staking cryptocurrency, or investing in numerous cryptocurrencies, can be a fantastic passive way to earn 5% to 10% and more. You may think of it as earning interest on your savings without having to do anything.
Remember that, like the stock market, investing in crypto also comes with risks. Make sure you do your research so you can invest wisely. This will take some time upfront, but it’s worth it in order to make smart choices.
10. Become a Blogger
This is likely the least amount of risk while trying to create a passive income stream. If you run ads on your site then you will surely be on your way towards making money while you sleep.
Ad revenue can add to your monthly cash flow, but you need to get the traffic first. in order to reach financial freedom, this could mean a lot of traffic.
Starting a blog can be a challenging task, but it can be very successful if done correctly. A blog is a great way to make passive income, which means you make money even when you’re not working.
You don’t need to be famous online to earn money while you sleep through your blog. All you need to do is find your audience and send them to your website.
It takes time to create a blog and build an audience. But if you create quality content and promote it, you can earn extra cash from your blog.
You may generate passive income as a blogger by:
SELLING AFFILIATE PRODUCTS
If you want to sell affiliate products, you need to find a good product to promote. You should also create a web page or blog post about the product, and include your affiliate link on that page. When people visit your page and then purchase the product, you’ll earn a commission.
CREATING SPONSORED POSTS
Paid advertisements will be a component of your marketing strategy, and creating sponsored posts is one way to earn passive income.
CREATING ONLINE COURSES
If you know something, then you can share your knowledge with others in the form of a course. More on that later…
Another way to make money while you sleep is by selling your own brand of items. You can do this by starting your own online store. This is a great way to sell products that you’re passionate about, and it’s also a great way to build a brand.
To start an online store, you’ll need to create a website and design a storefront. You’ll also need to create product listings and set up payment processing. Once your store is up and running, you’ll need to market it to attract customers.
If you have affiliate connections on your website or blog, you may earn money every time someone clicks through them. You may also generate income by including advertising on your site.
Selling someone else’s products is truly the most passive way to make money while you sleep. You also generate money for someone else so they will be earning money while you sleep too.
RUNNING ADS THROUGH GOOGLE ADSENSE
Depending on your traffic you can earn money while you sleep with your blog. Earning passive income puts you one step closer to financial freedom. Ads are a great way to do this.
Google Adsense makes it very simple to earn passive income in the form of ad revenue. In fact earning passive income online isn’t any easier than pasting in the ad code snippet into your high traffic blog.
IT’S BEGINNER FRIENDLY
You don’t need any design or coding skills to start a blog. Services like Shopify make it easy for you to get a blog up and running in no time.
You’ll need to spend time creating an SEO marketing strategy and producing and promoting content. Know that your efforts will be rewarded: you can make a lot of money from your blog if you do it right.
You will also need to pick and research a topic. For instance, if you wanted to start a personal finance blog, you would likely need to know about things like the stock market, passive income, commercial real estate etc…
11. Write and Publish a Book
E.L. James wrote and self-published a fan fiction piece that became very popular. The Fifty Shades of Grey trilogy earned her $95 million in 2013. Being an author can earn you royalties, which Amazon pays every month.
12. Invest In a High-Yield Savings Account or CD
You can make money while you sleep by investing in a high-yield certificate of deposit (CD) or savings account at an online bank. Online banks typically have some of the highest interest rates in the country.
You can get a lot of money from your CD if you search for the best rates. You should look for the best rates at online banks because they offer higher interest rates than local banks.
If your financial institution is FDIC-backed, you will still get your money back, up to $250,000.
Your money is safe if it is in an account at a bank that is FDIC-insured. This means that you will get your money back even if the bank fails. So a certificate of deposit (CD) or savings account are good choices for a safe return on your investment.
However, these accounts are safe. They’re not returning as much as they used to, but they’re still safer than some other options. And the return may not be as good as inflation, which is when the prices of things go up. That makes it harder for your money to buy things.
Even though a CD or savings account will give you less money than if you just held your money in cash, it is still better to do this than to hold your money in a checking account that doesn’t earn any interest.
13. Rent out your car
You can rent out your car to people who need a car for a short period of time. This can be helpful if you are not using your car very often or if you are going on a trip and don’t want to worry about it.
You can set the price you want for renting out your car and choose when you want it to be available.
You can use your car to make passive income. You can offer it up for rent with a service like Turo. If you use your car for Uber, you can sign up with a service like Carvertise or Wrapify to make extra money as you drive around town.
Another option is to look for someone who needs a car for Uber or Lyft. That way, you can relax in your car while someone else drives you around. You can watch a Netflix show or take a nap and make money while you sleep.
14. Create a Website for Drop Shipping.
Shopify is a very popular platform for creating online stores that offer drop shipping. With drop shipping, your site will offer products from certain manufacturers. When someone orders something through your site, your system will send the order to the relevant manufacturer.
15. Get an Autoresponder for Your Online Business
If you have an online business, it’s important to have an autoresponder. This is a tool that will automatically send out emails to people who sign up for your list. This way, you can keep in touch with your customers and let them know about new products or deals that you’re offering.
An autoresponder is a great way to provide good customer service without having to do anything extra. It sends an automatic response to emails and you can follow up with the customer later on. You can also use autoresponders for marketing purposes.
16. Create an Online Course
Create a course about your topic of choice online. This can be a great way to share your knowledge and expertise with others who might be interested in what you have to say.
You can use video, text, or audio content to create your course, and you can make it as long or short as you want. Once you’re finished, you can publish it on a platform like Udemy or Teachable and start making money while teaching others!
Creating an online course requires a lot of work at the beginning. This includes writing ebooks or articles and creating videos. Once this is done, your system will automatically send subscribers what they need.
One way to make passive income is to create an audio or video course. Then you can relax while people buy your course. The course can be distributed and sold through websites such as udemy, skill share, and coursera.
Another option to consider is a “freemium model” – providing some content for free and then charging for more detailed information or for those who want to know more.
For example, teachers who give language classes and people who give stock-picking advice may use this model. The free content acts as a demonstration of your expertise and may attract those looking to learn more.
17. Create a Membership Community
A membership community website can be a great way to add value to your online course and make some extra money. People will pay a fee in order to have access to special features on the website.
This can be a great way to make money without doing any extra work. Once you have people inside of your system they are basically a captive audience. They will trust your recommendations and literally buy anything that fits their budget.
18. Buy and Sell Websites
Flipping websites is a lot like flipping houses, but without all the work. You simply buy an existing website, make a few changes, and then sell it for a profit. However, you need to do your research to make sure you’re buying sites that are actually profitable.
19. Become a YouTuber
You can make a lot of money by making videos and uploading them to YouTube. Every time someone views your video, you make money from the ads on the site. The key is to make videos that people will want to watch and that will attract a lot of viewers.
Do you know a lot about Thailand travel? How to play Minecraft? Swing dancing? If you’re passionate about a subject, start a blog or YouTube channel about it and use ads or sponsors to make money. Pick a popular topic, even if it’s a small niche, and become an expert on it.
First, you’ll need to create a lot of content that is interesting and engaging. This will help you build an audience over time. Once you have an audience, you can start making money from your content by becoming known for it.
You can use a free or low-cost platform to share your content with others. If you have a unique voice or are interested in a specific topic, more people will want to follow you. Once you have a following, you can attract sponsors.
There is some risk involved in starting a blog. You’ll need to build out content at the start and then create ongoing content, which can take time. And you’ll need to be really passionate about the product, since that can help you maintain the motivation to continue, especially at the start as your followers are still finding you.
The downside to this is that you may spend a lot of time and resources without getting anything in return if there is not a lot of interest in your subject or niche.
You may not know if your area of expertise is too narrow until you experiment.
20. Sell Stock Media Content
You can sell your media content to make money. You can do this by finding people who want to buy it and then setting a price that you think is fair. Make sure to keep track of what other people are selling similar content for so you don’t sell it for too little or too much.
Publishers of books, magazines, and websites often use stock images to illustrate their content. Stock images can include photographs, graphics, videos, music and sound effects. Licensing fees are paid to the creators of these images so that they can be used legally.
21. Record audiobooks
Audiobooks can be a great way to entertain yourself or learn something new. If you want to record your own audiobook, you’ll need a microphone and some software to edit your recording. You can find plenty of instructional materials online that will help you get started.
Somebody has to create audiobooks. Why can’t that somebody be you? Once you break into the industry, it’s possible to get paid in the form of royalties. This is how most audiobook narrators get paid.
There are a few things you need to do to successfully make passive income from audiobooks. These include learning:
- How to Perform an Audition
- Storyteller’s demeanor and tone of voice
- What niche you’ll be focusing on
- Some basic audio editing skills
Some skills that can help you edit your work are to read over it multiple times, to find mistakes and fix them, and to make sure the language you use is clear and easy to understand. You can also improve your editing skills by practicing regularly and learning from others who are better at it than you are.
You don’t have to do this by yourself. There are some websites that can help you get started and find your first few jobs. Check out websites like ACX to learn what you need to be successful in this industry.
22. Start A Bond Ladder
You can start a bond ladder to save money. A bond ladder is when you have different bonds that mature at different times. This way, you can have money coming in at regular intervals, and you’ll know exactly when your money will be available.
A bond ladder is a series of bonds that mature at different times over a period of years. This allows you to decrease the risk of reinvesting your money when the interest payments from different bonds are too low.
An opportunity is a classic investment that retirees and people close to retirement have used for a long time. You can let the investment run by itself and get paid money each month.
When your bond is finished, you can start over with a new set of bonds. These might be one-year, three-year, five-year, and seven-year bonds.
You have three bonds that will mature in one year, two years, and four years. You can either use the money you get from the first bond to buy a new one-year bond or keep rolling it over into longer-term bonds.
For example, you could buy an eight-year bond with the money from the four-year bond.
A bond ladder eliminates one of the major risks of buying bonds – the risk that when your bond matures, you might not be able to get a good interest rate on a new bond.
Bonds come with other risks, too. Treasury bonds are backed by the federal government, but corporate bonds are not. So, if the company you invest in goes bankrupt, you could lose your money.
You should own many different types of bonds to diversify your risk and reduce the chances that any one type of bond will hurt your portfolio. If interest rates overall go up, it could push down the value of your bonds.
Many investors turn to bond ETFs because they provide a diversified fund of bonds. This helps to prevent any one bond from hurting your returns. Additionally, you can set up a ladder for the ETF, which will help to eliminate the risk of a single bond impacting your investments negatively.
23. Sponsored posts on social media
Do you have a lot of followers on social media, like Instagram or TikTok? If you do, you can get paid by consumer brands to post about their product or feature it in your feed.
You will need to keep creating posts that are interesting to your followers on social media. You can do this by sharing content that is relevant to them and that engages them.
You can make money by attracting people to your social media profile with interesting content. Once you have a lot of people looking at your profile, you can start selling sponsored posts to brands that your followers will like.
Getting started may be difficult, owing to the fact that you need a big audience in order to get genuine sponsored postings, but you can’t attract attention until you have a large following.
It can be hard to get sponsorships for your content. You’ll need to focus on growing your audience and following trends. But it’s not always a guarantee that you will be successful. In fact, you might spend a lot of time building content without getting the sponsorship you’re hoping for.
To keep attracting new sponsors, you will need to keep posting regularly, even if you have a lot of autonomy about when to do it. This will require more time and money from you, but it is worth it to stay attractive to potential advertisers.
24. Sell Digital Designs To Distribution Services
You can sell digital designs on websites like 99designs, ThemeForest, and Creative Market. These websites are places where people go to find design resources. If you create website themes, logos, branding resources, templates, illustrations, or fonts, you can sell them on these platforms.
The graphic design industry in the US is worth over $13 billion and it is growing. Thankfully, you can get a piece of that pie without doing much work.
For example, if you want to start selling designs on Creative Market, you need to apply and wait for the approval. After that, you get your own storefront where you can start selling your branded designs.
25. Write a Digital Guide Or eBook
You probably know a lot about a topic that other people would be interested in learning about. Why not write digital guides about it? It’s an easy way to get started, and you don’t need to invest any money upfront.
The most important thing you’ll need to invest is your time. Make the effort to learn what people are searching for. Google suggestions may be a good starting point. Ubbersuggest, for example, allows you to see which keywords have a lot of traffic on Google and Bing.
You can set up your digital guide to collect sales in a few ways. You can do it through your own storefront, or you can use a seller platform.
26. Sell Ad Space on Your Car
You can make money by driving your car and letting businesses put advertisements on it. Even when you’re not working, you’re still making money.
You can make some extra money by driving your car around town. There are advertising agencies that will pay you to drive your car and advertise their products. They will look at things like where you drive and how many miles you drive.
If you are a good match for one of their advertisers, the agency will put advertising on your car for free. The agencies are looking for newer cars, and drivers should have a clean driving record.
There are opportunities to make money by driving. You can be paid by the mile. This is a great way to make money without spending extra money.
Be very careful if you are interested in this idea. Make sure that you partner with a legitimate operation, because there are many scammers who try to take advantage of people in this space. They may try to steal your money.
27. Buy and Run A Laundromat
You could buy a Laundromat. This would give you a place to do your laundry, and it would also generate income from people who use the machines.
It is cheaper to buy an established laundromat business than starting one from scratch. If you find someone to run it for you, you can start to make money while you sleep.
It’s pretty easy to start generating income this way.
28. Buy a Vending-machine Business
A vending machine business is like a laundry mat. You don’t have to do much work to keep it going.
You must, however, install your vending machines in the proper locations and fill them with merchandise that local consumers would want. The best vending machines that are currently generating income are snacks and drinks.
While this passive income idea seems like it’s super obvious, it will actually make you more money than you expect. In order to make more money, though, you have to be strategic.
29. Rent Your Possessions
You can earn money from renting out almost anything on sites like Craigslist, from clothing to sports equipment and power tools.
You should ask for a security deposit, as well as cash upfront and ID and proof of address when someone wants to buy your home.
30. Let Someone Else Run Your Business
As your business grows and becomes more successful, you may be able to afford to get someone else to run it for you.
Many of the world’s richest people don’t have anything to do with their businesses day-to-day, except for going to a board meeting every once in a while.
31. Peer-to-Peer Lending
You can make money by loaning it to people or small businesses through Peer-to-peer lending. This involves loaning money to someone you know, or even a stranger.
You may use a website like LendingClub, Prosper (for individuals), or Worthy (for businesses) to link borrowers with lenders and make the procedure simple.
These websites usually have a list of people who are looking for loans. The website also has the person’s interest rate based on their credit score. The website usually offers around 5% to 6% interest on the loan.
With peer-to-peer lending, you provide money to individuals who don’t meet the criteria for traditional financing and collect interest on the loans.
32. Get a Job That Pays You to Sleep
Finally, you can actually sleep and make money while you sleep. Believe it or not, there are people who will pay you to sleep. It’s quite possibly the easiest way to make passive income and money while you sleep.
The most common way to do this is to take part in sleep studies or test mattresses and bedding.
You don’t even need to worry about what to wear to work.
Thanks for reading this article, please leave a comment and let us know some other ways to generate passive income and make money while you sleep.