15 easy ways to make money while you sleep
Surely you have heard about passive income and different ways to make money while you sleep. In this article, we will analyze the most profitable assets to generate passive income and adequately yield your capital. Go for it. Earning money sleeping is much better than staying awake worrying about how to make it.
Do you remember that we were warned to be careful with debts in the past because the interest never stopped charging us, they never slept, they never took a day off or vacation? Well, the opposite is also true. Does your money multiply while you sleep? It sounds too good to be true? Since we still live in the internet age, earning extra money is not that difficult.
With that in mind, here are some ways you can make money while you sleep.
1. Real Estate Investment Trusts (REITs)
Some people consider Real Estate Investment Trusts (REITs) real estate mutual funds. REITs are a collection of properties operated by a company that uses the money investors give them to buy and develop real estate.
You can invest in trusts that build condominiums, apartment buildings, commercial complexes, or other facilities.
REITs pay you dividends. These are suitable income-producing assets for people who want an easy way to get involved with real estate investing without buying a property themselves.
One avenue to explore to invest in REITs is by investing through Streetwise.
Streetwise is a new era of real estate investing. With the capital raised by qualified investors, the company leverages the best-performing real estate investments in professionally designed portfolios.
The returns are then distributed and serviced through an online REIT, with your income as their mission.
Suppose you’re looking to build passive income while keeping cash on hand. In that case, Streetwise offers the perfect opportunity for both accredited and non-accredited investors and offers one of the lowest fee structures out there.
The company has provided an annualized return of 8.4% due to its superior property selection and low fee structure, outperforming comparable REITs or government bonds.
Qualifying investments include properties mainly spread across the United States from the Midwest to the West Coast and leveraged based on Streitwise’s analysis.
By putting $5 million of their own money into these investments, Streetwise puts a fair amount of skin in the game for all sponsors and 100% incentive alignment between sponsor and investor interests.
The service has a minimum of $5,000 to start investing in commercial real estate. The company offers federally registered REIT offerings with the SEC and delivers them to accredited and non-accredited investors.
Investing through an investment vehicle like the Streetwise REIT offers a great source of passive income, recurring cash flow, higher returns, portfolio diversification, and inflation protection.
With an annualized return of 8.4% and a low fee structure, Streetwise offers one of the best passive income opportunities in real estate investing. It outperforms comparable REITs and has delivered an annualized dividend yield of at least 8% over the last 17 quarters, with an average annual rate of 9.44%.
Despite the effect of Covid on the broader real estate market, Streetwise met performance targets by employing a solid credit holding (100% of contractual rental obligations met in 2020), conservative underwriting (51% loan to value, LTV), and a low/transparent fee structure.
All quoted dividends are net of fees, with fees already collected. Please consider exploring Streetwise for your real estate investment needs today.
2. Invest in secured P2P loans
Another income-generating investment option that offers above-market returns is MyConstant, a secure P2P lending platform. The service provides the possibility of financing loans backed by cryptocurrencies that insure the loans against losses.
You may have heard of P2P lenders like LendingClub or Prosper, which offer unsecured loan investments. These UN Secured Loans do not provide any recourse to recover losses in the event of default by the borrowers.
When MyConstant loans go sour, the platform instantly sells the cryptocurrency and pays the investor.
Similarly, if the collateral pledged to secure the loan (a cryptocurrency deposited in MyConstant) falls below a certain threshold (110% of the loan value), MyConstant instantly liquidates the collateral and pays you.
Our selection of crypto loans
myConstant | Secured P2P loans
- myConstant is an alternative investment platform
- Offering secured loans backed by liquid collateral (specifical cryptocurrencies), the platform provides annual returns at or above 4%
- Best suited for investors looking for consistent returns in a collateral-backed product who want a better return than a savings account.
- Open an account and deposit to receive a $4,000 Trial Deposit for 15 days allowing you to keep the 4% interest earned (~$7 bonus).
3. Create a blog or eBook
Self-publishing has become more of the norm than going through a traditional publisher nowadays. Check out Amazon for evidence or visit any blog that offers a free eBook to sign up for their newsletter.
When you buy an ebook from sites like Amazon, you’ll most likely be paying for a self-published book.
Opportunity: Self-publishing is ridiculously easy. Can you write? Do you have a computer? Then you can self-publish a book. The barriers to entry to becoming a (self) published author are nil these days.
I’m using Jarvis’s new tool to improve the quality and quantity of content pieces I write for this site. The tool leverages AI to scan topics and natural language from about 10% of the internet.
What once took me 6 hours to write now takes 1.5-2 hours.
The result? Incredible time-saver with lightning-fast copy and engaging content. But don’t take my word for it; try it out for yourself with a free trial that includes up to 10,000 credits (each word generated by Jarvis costs 1 credit).
Be sure to watch the training video on how best to use the tool. The learning curve may seem steep at first, but you’ll be an ebook typewriter once you see how to take advantage of the tool.
You can even join Jarvis’ Facebook group and participate in his 7-day book writing sprints.
You get together (digitally) with other writers and use Jarvis to write a book of hundreds of pages.
Together, they encourage each other and, share ideas, wins, best practices, and get the most out of the tool and their book.
Risk: Fortunately, there is minimal risk in self-publishing an eBook.
You can quickly put your ebook up for sale on Amazon, Barnes, Noble, or any other major retailer.
Amazon is the most competitive, so if you want to rank higher in their search results, make sure you use best practices like having a professional cover design (you don’t have to hire someone expensive) and including lots of reviews from customers.
If you’re ambitious, you can create a series of ebooks or write a detailed guide on something that’s not too broad. Try to market your book on sites like Twitter ads (promoting through their ad network), Facebook ads (groups of targeting), or Google advertising.
There will have to be a lot of marketing upfront before turning this into a passive income stream. But if you can make it work, you’re well on your way to maximizing this income-generating asset.
Consider leveraging a powerful content creation tool like Jarvis to streamline and update the content you publish.
Our selection of writing and digital marketing tools
Jarvis.ai | AI-powered copywriting and content writing tool
A new AI-powered content creation app built to help marketers and entrepreneurs better connect with their audience.
Instead of wasting time struggling with creating content for your message, Jarvis.ai will use the power of artificial intelligence to create targeted and engaging messages for your brand in less than 60 seconds.
If you’ve ever needed quick ways to promote your product online without sacrificing quality, it is your tool!
4. Start a YouTube channel
Suppose you prefer to create videos that are not live and not of you sleeping, consider starting a YouTube channel. This method doesn’t make money from day one, and it takes a lot of initial work to get created. Also, the amount of money people make varies widely.
However, if you create quality content, you can make money through ad revenue, sponsorships, and creating your products (like swag or courses).
When you have enough subscribers and people constantly watching your videos, you can take breaks and still make money. You may be sleeping, but others watch your videos and send ad revenue your way.
5. Become a product
Perhaps you have found personal success or are firmly on the path to it and have seen many promising opportunities to promote yourself as a brand.
When you position yourself as the authority in your target market, you can develop products and services to harness this trust while helping people with problems you can uniquely solve.
If you have an inspiring story or success secrets to share, you can turn your experience into a video series, blog, or write a book to earn money in your sleep.
In any of these examples, you put in the hard work upfront, develop a marketing mix with the 4 Ps, and then collect the revenue while moving on to your next project.
In addition to generating revenue directly from one of these products, you’ll also find that these products can dramatically improve your brand’s visibility, thereby boosting your company’s sales.
You’ll not only be making a profit for yourself by creating a new source of income, but you’ll also have enhanced an existing stream through whatever business ventures you currently have.
6. Live stream sleeping (seriously)
A new TikTok trend has users streaming themselves sleeping (or even their bedroom while they sleep). An 18-year-old made about $10 while people watched him sleep. A 24-year-old man live-streamed his “sleeping” Tesla overnight and won $50.
On Douyin, TikTok’s Chinese counterpart, 18.5 million viewers tuned in to watch a man sleep. I have made over $4,000 in his sleep from him. Viewers enjoy watching people sleep and chat with other people watching. Do you want to generate money while you sleep? Could you pass it on?
7. Affiliate Marketing
Affiliate marketing doesn’t just have to do with a blog. If you have an email, this is a great option. Instagram is also a popular platform for affiliate marketing.
People who have a high following, with engaged followers, can put affiliate links on their profile and draw attention to the links. Every time someone clicks on that link and buys a product, the influencer receives a bribe.
8. Online courses and webinars
Webinars are often live, which won’t make you money in your sleep, but you can create automated webinars that people can watch at any time.
While a webinar is usually self-contained, online courses provide more in-depth knowledge and can have multiple sections. You can create online courses on platforms like Udemy or Teachable. It takes time to make your course, but very little maintenance is required once it’s finished.
9. Sell stock content
Do you like photography, taking short video clips, creating music, or designing? Your creative hobby can turn into passive income. Review your old photoshoots, new music clips, and extra movie footage.
Find a stock content site to sell it. Just be sure to ask anyone in your photos or videos for permission. Some of the most popular stock sites for photography are Shutterstock, Getty Images, and Pixabay. Upload your content, choose a price and let it sell while you sleep.
10. Create an app to earn money while you sleep
You can create a basic app to sell on app stores if you have some coding knowledge. It could even be considered one of the best financial or productivity apps!
Alternatively, you can find a coder and designer to hire to do the work for you. Some people will work for a share of the profits, but those who require payment upfront.
If your app is doing well, you will be making sales at all times of the day, and anything beyond what it costs to start is profit. Remember that apps have different payment models.
Sometimes you can make more money with a “freemium” model where parts of the app are free than by charging for initial access to the app. You can also learn how to choose the correct financial application to do considering what opportunities exist in the market.
11. Sell on Amazon FBA
Like Shopify, you can also sell your products and services on other eCommerce platforms. A popular alternative is Amazon FBA, or Fulfillment by Amazon.
This service allows individual sellers to find the products they want to sell and then have Amazon handle the business and logistics part of the equation. Amazon will host the effect on your site, facilitate the transaction with the customer, and deliver the product.
When you consider that Amazon handles the listing, selling, shipping, collecting and sending payments, and any customer service needs, you can see how it’s a pretty passive income. It qualifies as an avenue to earn money in your sleep once you find what you want to sell.
12. Rent a room in your house or apartment
By renting space in your home (or your entire home), you can earn money both while you sleep and while others sleep. Airbnb is one of the most popular ways to rent space to visitors.
On average, Airbnb hosts earn around $924 a month. This number can vary drastically depending on your city, whether you’re renting a room or an entire house, and how often your space is available for rent.
You should organize cleaners after guests and be available to answer questions from visitors (consider creating a guide), but you can still be collecting cash while you sleep.
Alternatively, instead of hosting guests, you can rent a room as a storage unit instead. It’s a highly convenient way to make money off of any extra space you may have around your house, condo, or apartment.
13. print-on-demand products
You can also quickly sell physical items. Do you have an excellent graphic design or photo that would look great on a t-shirt, backpack, hat, or anything else? You don’t need to print it on those items and then try to sell it. You can wait until you have the orders ready to fill.
CafePress is a popular marketplace for this, which sells just about anything a design can be printed on. You can even list other people’s products for a referral fee.
14. Dropshipping
With dropshipping, you also don’t physically touch the products. You don’t even have to design them; choose them. The items you want are in stock, labeled, and shipped with your name, so you don’t feel overwhelmed.
Place an order (after people order from you), pay a fee, and then ship when due.
However, you should be aware that most dropshipping involves ordering products from other countries, particularly China. Since you never physically interact with the items, there may be quality control issues, and you don’t know the conditions under which your items were manufactured.
If you choose to dropship, make sure you find a reputable company.
15. Open a high-yield savings account.
Another way to earn money that already has work for you is by putting it into a high-yield savings account or certificate of deposit (CD). A standard savings account offers an interest rate of around 0.01%.
Meanwhile, high-yield checking and savings accounts can have interest rates over 1% (meaning they’re about 100 times better at earning interest than a typical savings account).
However, recent economic developments have pushed many of these accounts below the 1% threshold for the time being. Over time, these accounts will likely re-index to have higher rates than most standard savings accounts found at megabanks.
Electronic accounts can have you lock up your money for a set period in exchange for these higher rates. Before you create an account that won’t be easily accessible at any time, make sure you have emergency savings account that you can always access.
15 easy ways to make money while you sleep