How can I earn passive income while I sleep?

+1 vote
asked Jan 5, 2019 in Other-Finance by peaciejakoi45 (220 points)
How can I earn passive income while I sleep?

What are some good passive income ideas to earn money while I sleep or without doing much work?

2 Answers

0 votes
answered Jan 10, 2019 by letitiavd2 (440 points)
There are several ways of earning money and passive income while you sleep.

You can try investing in stocks and bonds, start a savings account and earn interest on the money you deposit in the savings account.

You could also buy homes and then rent them out for a profit and let someone else manage the property and the income and then you pay the property manager a fee and they pass the rental income onto you.

Affiliate marketing or even blogging is another option to earn money while you sleep.

For blogging though and affiliate marketing you need to work hard in the beginning for at least 5 to 6 years and write lots of quality content for the blog and then as you get search engine traffic over the years you can be earning money in your sleep.

I started 8 years ago and worked hard blogging for 6 years without making much money but now it's making a nice income while I sleep without me having to do much work to keep it going and as long as I blog a few times per month the income and search traffic keeps coming in.

I earn money promoting services and products through affiliate programs as well as using Taboola and Adsense.

While I sleep the blog is making me money and I now earn more income from my blog than I ever did or will at the job I used to work for.
0 votes
answered Jan 10, 2019 by Essmann (42,860 points)
If you have a current savings account  you should open up a new High Yield savings account and move your savings over into the High Yield Savings account because you'll earn much more interest on your money.

The interest grows overtime even as you sleep without you needing to do anything.

Investing money in things such as stocks and bonds like the other answer said can earn you passive income while you sleep as long as the money is invested into something worthwhile.

Investing in Gold is another way to earn money while you sleep.

You can also sell online courses on how to do something and make money from those courses or even sell E Books that you write about things to teach other people how to do what you're doing.

102,796 questions

98,882 answers

1,301 comments

7,014,304 users

...