How To Make Money While Sleeping

By Author: saurabh sharma
Total Articles: 2
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A steady paycheck is something that everyone aspires to have. But deep down, more money is always desired by people, especially when it requires little to no work. And why not? Imagine earning while enjoying a vacation, without having to lift a finger! Who wouldn't want that, right?

And that's where the concept of "Passive Income" comes into play. However, Passive Income isn't exactly money earned from doing "nothing at all" as it is usually believed to be. In this article, we shall see what passive income is, along with a few passive income ideas which can help you get started in your journey for earning passive income.

•What is Passive Income?
In the most simplest of terms, Passive income is money you earn that doesn’t require you to try to to tons of “active” work to continue making it. It just requires minimal labor to earn and maintain. It includes regular earnings from a source other than an employer or contractor. The work required upfront differs according to the mode of passive income. But if you’re committed to a well organized strategy, it can be a great way to generate income and you’ll ...
... create some extra financial security for yourself along the way.

•Some passive income ideas for building wealth:
It might sound complicated at first, but there are more than enough ways to make passive income that you’re sure to find the perfect option to suit your skills, commitments, goals, and time. Keeping in mind the goal to inspire you for your mission towards financial independence, the following passive income ideas can be considered:

1) Run a Blog or a YouTube channel:
The most popular passive income stream tends to come from blogging or content creation through YouTube. It has helped countless entrepreneurs earn passively through affiliate links, courses, sponsored posts, products, book deals, and more. It’s true that it can take quite little bit of upfront work to form a successful blog. However, it’s one of the foremost sustainable ways to urge an audience through organic and social traffic. You can start up from making a beginner level YouTube channel with basic equipment and basic editing. Just make sure to keep the content consistent and as you keep earning, you can invest that money in better equipment and better quality of the content. Another option is starting a blog from Blogger or Wordpress, and then moving up to making your own website, as your content grows along with its social traffic.

2) Selling information products:
Establishing an information product, such as an e-book, or an audio or video course, is perhaps the most sustainable way of passive income if you've got the right knowledge for the information you're providing, be it Lifestyle, Law, Health, Science, Politics, etc. Courses are often distributed and sold through sites like Udemy, SkillShare and Coursera. Alternatively, you would possibly consider a “freemium model” – build up a following with free content then charging for more detailed information or for those that want to understand more. The free content acts as an indication of your expertise, and should attract those looking to travel to subsequent level.

3) Invest in real estate:
Real estate investing has been a well-established method for building wealth for nearly as long because the idea of land has existed. Real estate investing was once a difficult venture to undertake – requiring tons of your time , effort, expertise and most significantly , capital investment. However, land investment apps have now removed many complications and made it easy and assessable to become a true estate mogul from the comfort of your couch. If buying properties seems a touch out of budget, you'll also purchase a true estate investment company – also referred to as a REIT. These investments generally pay generous dividends and follow the performance of the stock exchange .

4) Affiliate Marketing:
Affiliate marketing is one of the only passive income opportunities available today. The upside thereto is that almost every big brand has an affiliate program so you'll sell some pretty popular products. The only real downside is that you simply simply only make a commission of the sale. It works as bonus from referrals through social media posts and the money you can earn from this differs according to the brand itself and also the reach you're having. So, you’ll want to make sure you're performing some research into the only affiliate marketing programs before you begin . Blogging tends to be the foremost cost-effective because of make recurring affiliate commissions without having to spend money on ads.

5) Start a Drop-shipping store:
Dropshipping is one of the foremost profitable passive income sources you’ll find online. Dropshipping could also be a retail fulfillment method where a store doesn't keep the products it sells available . Instead, when a store sells a product using the dropshipping model, it purchases the item from a 3rd party and has it shipped on to the customer. With dropshipping, you can find trending products on various marketplaces and then sell online to customers around the world. You can sell products in various dropshipping niches from fashion to home decor to beauty. The magic in dropshipping is that you simply build your own business and control what proportion you charge for the products. In fact, out of all the passive income ideas on the list, dropshipping is that the one where you've the foremost control over your earnings. And having control, sounds amazing, doesn't it?