How to make money while sleeping over $1,000 per month? Top 10 best ways
Are you looking for the best ways to make money while sleeping? This article is for you
When I was getting started never did I believe that it can be possible for me to make money while am sleeping
But now I know it is possible if I a normal guy from Africa can do it, how about you?
You don’t need any fancy degree, computer or skill to get started, all you need is to get started with the little you have
So is it possible to make money while sleeping?
Yes it is, by the end of this article you will have chosen the best method for you to make money while sleeping
To make money you need to be exchanging value, the more value you provide in the market, the more money you will make
To make money while sleeping you need to have a business model that is scalable, you need to create something once and sell multiple copies on autopilot
Without further ado let’s get started
Make money while sleeping: Start a blog
Starting a blog is one of the best ways to make money while sleeping, all you need is to create ever green content once and this content will keep generating revenue for you from time to time
To start a blog you only need a domain name and web hosting and all these can cost you less than $3/month
A domain name is the name of your blog, it is a unique address that people will use to arrive at your site while web hosting is the server space where your website files will be stored and brought to your audience online when they search for it
The following are the basic steps that are needed to start a blog:
- Choose your niche
- Purchase web hosting and domain name
- Install wordpress
- Install a theme and plugins
- Create most relevant pages on your site
- Create content
- Promote your content to bring traffic to your site
- Monetize your traffic
- Congratulation, you’re on the path to making money while sleeping
Starting a blog opens to you several ways of making money while sleeping, It is the foundation to making money online
Ever had online entrepreneurs earning over $100,000/month
Guess what do they have in common?
They all have a blog
A blog offers you an opportunity to provide value to your audience which helps you to create trust and attention that result in several other methods of making money while sleeping
How does a blog make you money while sleeping?
- Advertising
- Affiliate marketing
- Sponsored posts
- Courses
- Ebooks
With advertising, companies and brands will come to you requesting you to offer ad placement on your blog so that they can expand their market outreach
The amount to charge these brands will depend on your niche and the number of views you can create for them
You can also use google ads or premium adnetworks like ezoic, mediavine, monumetrics or adthrive to press adverts on your blog
These companies will pay you per 1,000 views or impressions
The payment may range from $0-$60 per 1,000 views; this will depend on your niche and the nationality of your audience
Make money while sleeping through affiliate marketing
Affiliate marketing refers to selling other people’s products to earn a commission whenever a sale is made
Affiliate marketing offers you an opportunity to make money while sleeping without requiring you to create your own products or incur shipping costs
To make money with affiliate marketing you need to have a royal audience that is willing to purchase products from you
To make good money you need to choose your niche, a niche is a specific topic or type of product you want to promote
You should promote products which you have used and fully trust
The best affiliate marketing niches include:
- Personal finance
- Business
- Creditcards
- Software
- Travel
We have created helpful resources to help you get started with affiliate marketing you need to see them here
Make money while sleeping: Create and sell online courses
Selling online courses is a great way to make money while sleeping, all you need is to create a course once and sell it several times to individuals on Autopilot
You can sell courses directly on your website using tools like thinkific or teachable
Or
Create and sell courses on udemy and skillshare, these companies will pay you royalties’ basis on how many people have viewed your courses
Online courses are great for making money while sleeping
Many course creators are making over $100,000/month from selling courses
To benefit from online courses you need to have a skill that people are interested in learning
Make money while sleeping: Create and sell ebooks
Do you have a skill that you can turn into an ebook? If yes: this is an opportunity for you to make money while sleeping
You can create ebooks on literally anything and sell them on online book stores like Amazon, Bookbaby, and Lulu
What skills do you have? Can you teach that skill via text? If yes this is for you
Make money while sleeping by starting a YouTube Channel
Starting a YouTube channel is a great way to make money while sleeping; all you need is to create good quality videos on something which people are passionate about
To start to make money, you need 4,000 watch hours and 1,000 subscribers all attained within a period of one year
To succeed on YouTube, you need to choose your niche i.e. a specific topic which you’re passionate about
The best niches on YouTube include:
- Personal finance
- Business
- Software
- Entrepreneurship
- Content creation
- Video production
- Etc
How to make money on YouTube while sleeping?
- Google ads
- Advertising
- Sponsorships
- Affiliate marketing
- Memberships
- Donations
- Courses
Let’s look at google ads
Youtube will pay you per 1,000 people who view ads displayed on your videos
Make money while sleeping by investing in stocks
Stock investing is one of the great ways to make money while sleeping, all you need is to invest in stocks that have a track record of paying dividends to their shareholders
The best stocks you can start with include:
- Robinhood
- Webull
- Johnson and Johnson
- Etc
Invest your money in crowd funding real estate
Crowdfunding offers an opportunity for people with a limited amount of money to invest in real estate
It is where people contribute money to invest in a real estate portfolio
The best crowdfunding site includes:
- Fundrise
Make money while sleeping: Build rental property
Building rental property is a great way to earn money while sleeping, all you need is to construct buildings once and collect rent from your tenants on a monthly basis
Make money while sleeping by developing software
Developing and selling software is a great way to earn money while sleeping, all you need is to create the software once and sell multiple copies to your customers without incurring any shipping cost since it is done automatically
Point to note: Your software should solve a problem that your audience is facing
Examples of multi-million dollar software include:
- SEMRush
- Convertkit
- Ahrefs
Build an ecommerce website
An eCommerce website is a website that sells products online, products can be physical or digital
Examples of billion-dollar eCommerce websites include:
- Amazon
- Ebay
- Clickbank
- Alibaaba
This is a billion-dollar industry to join
Make money while sleeping by Starting a niche website
A niche website is a website that contains information about a specific topic or products
A niche website will earn you money through:
- Affiliate marketing
- Advertising
- Sponsorships
- Courses
- Ebooks
The sky is the limit
Conclusion:
The following are the best ways to make money while sleeping:
- Start a blog
- Start an ecommerce website
- Develop software
- Crowdfunding
- Investing in stocks
- Online courses
- Ebooks
- Affiliate marketing
- Start a YouTube channel
- Start a niche website
Have you been inspired by this article? Share your opinion with us in the comments below
