10 Ways to Make Money While You Sleep

SEPTEMBER 25, 2022




How many times have you heard, I wish I could just make money while I sleep? For most of us, the phrase is nothing more than an old saying we roll our eyes at, but it doesn’t have to be that way. If you think about it, there are plenty of ways to take your current source of income and turn it into passive income in order to make money while you sleep — and even when you’re not awake! In this article, we’ll talk about how to do just that by giving you 10 of the best passive income ideas today!

1) Become an affiliate for an online store

One of the most effective and low-commitment ways to make money online is through affiliate marketing. A good way to get started with this is by signing up as an affiliate with a company like Amazon. The great thing about this form of business is that you do not have any upfront costs or inventory, but still make a commission when someone purchases something through your link! Plus, this will allow you to buy something off of the site without paying anything out of pocket.

A more advanced strategy for selling products on your own website is drop shipping, where you sell the products without having them in your possession; however, if a customer orders something you don’t carry, then you order it from the company and they ship it directly.

2) Selling products online

Etsy is an online marketplace for handmade or vintage items. This is a great place to sell some of your own creations, especially if you’re not someone who enjoys going out and face-to-face marketing. Etsy offers the tools and exposure needed to get started with a little upfront cost, and many sellers use it as a way to make their own hours while spending time with their family or doing other things they enjoy. The majority of items sold on Etsy fall under clothing, accessories, arts and crafts but any type of goods can be listed.

3) Create an eBook

1. Sell shares of a company. An investor can buy stock in the company and you can give that person a share of the company so they earn profits, just like you do. All this would take is registering a business for liability purposes, then making an agreement with an individual that says they would be buying 1% or 2% of your stocks, giving them a document as evidence of their purchase, etc. For example, I’ve heard about someone who bought stocks in Bill Gates’ company when he was young, and now this guy is worth over $200 million dollars!

He started out with a small investment, but it grew exponentially because of compound interest and his ownership stake in the company. So how does it work? Every time Microsoft makes money from their products (or any other company makes money), all investors are entitled to these profits because they own a percentage of that company. And there’s no limit on how much someone can invest — if you have $5,000 to invest right now, go ahead and put it all into one single company’s stocks if you want!

4) Sell on Amazon

Think you’re too young to start a business? Think again. More and more young people are starting their own businesses, and there’s never been a better time to join the ranks of Amazon Entrepreneurs — it’s never been so easy to list your items on Amazon, with all the help they provide. And the best part? No matter what time of day or night it is, your shop is open for business! Whether you’ve been operating in stores for years or have just opened up online today, you can extend your reach with no upfront investment by listing on Amazon. Plus: you don’t need lots of upfront capital or out-of-pocket expense to get started. Just create an account and post!

5) Sell products in-person via eCommerce

For people who have full-time jobs and can’t come up with enough time or energy for creating a passive income stream, this might be the perfect solution. Invest in some inventory and then sell them on consignment when you’re done! Sounds pretty passive, right? The only risk is that if the products don’t sell out of your stock, you’ll lose money. But if they do well–think trendy T-shirts from your favorite boutique–it’s easy to cash in your pocket.

6) Create your own course/mentoring program

When it comes to making money on the side, there are two big categories: passive income and active income. Passive income is what you get from a business venture that requires very little maintenance once it’s set up. Active income is where you put time and energy into earning money through things like your job or freelancing. If you have spare time and enjoy teaching, then creating your own course may be worth looking into.

7) Sign up to be a social media influencer

It’s almost too easy. The hard part is staying consistent with your message and proving you have the following to create a lucrative brand. But after that, all you need is a blog and a camera (or phone). Get followers interested in what you are doing by promoting contests, playing games or getting involved in charity work.

The use of social media has exponentially grown over the past decade with millions of users taking an active interest in their friends lives and the lives of people they don’t even know; this creates a whole new world for entrepreneurs and influencers looking for ways to monetize their online presence.

8) Set up your blog as a membership site

Get our 10 Steps for Building a Passive Income. Your info is always 100% secure with us and we never spam. All you have to do is provide your email address and then you’ll get instant access!

$3 per month. With the membership, there are no annoying ads or other distractions. It’s all about the information, so I’ve kept the design minimalistic to give you an easy reading experience. But even if that doesn’t sound like something you’re interested in, I hope this post has helped at least one person find an answer they were looking for

9) Start selling your services online

Some entrepreneurs are able to find their niche quickly. This has the upside of them being able to start making money sooner. But what if you don’t know what business you want or where your passions lie? Maybe you have a little time and want an idea that is less risky and requires a minimal upfront investment. What can a person with these constraints do? Well, there are a lot of options out there. One option is utilizing Fiverr’s digital marketplace to offer freelance services such as design work, illustrations, editing, IT services, translation and more. I’ve been using Fiverr for about four years now and enjoy it! They really focus on delivering quality services at affordable prices. And their customer service is amazing!

10) Offer consultancy or coaching sessions

We offer tailored coaching packages and workshops. For a more affordable option, you can purchase our off-the-shelf coaching package that covers the following:

or How to identify your strengths and overcome your weaknesses or How to create realistic action plans or Daily checklists that help you stay on track with your goals

Interested in learning more? Simply email us with your phone number so we can send you more information about our program.

Bottom line

Running a blog can be an excellent way to generate passive income in the form of ad revenue and affiliate links. Plus, you’ll be able to control your hours and make your own schedule. However, as with any job or career, there are some drawbacks. It may take time for your blog to start generating enough income for you to cover the costs of running it (especially if you’re not very tech-savvy).



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store