In this video, you will learn about 10 business ideas that make money while you sleep.
Instead of trading time for money, these businesses can be run with minimal maintenance while making you passive income.
Enjoy the video and let me know what you think in the comments below!
Here are a few business ideas that will help you make passive income:
1. YouTube channel with ad monetization
YouTube has the second most traffic of all websites in the entire world. To get your piece of that and get paid, create a channel and monetize it with their ad platform.
2. Blog with affiliate marketing
A blog can get you all the traffic you need, but you still need to monetize it. With affiliate marketing, each blog post you publish can earn you money while you sleep.
3. Peer-to-peer lending
Peer-to-peer lending allows you to earn money basically on autopilot by acting as a bank, helping give loans to people. This can get you even better returns than the best stock index funds.
4. YouTube channel with app referrals
A YouTube channel doesn’t have to rely on ad monetization to make you passive income. In fact, using a channel with app referrals can be extremely effective.
5. Blog with ads
A blog that gets lots of traffic can easily earn income 24 hours a day through a platform like Google Adsense. You earn money when people see or click ads on your blog this way.
6. Information products
You can turn your knowledge of specific areas into passive income by selling information products instead of services. With services, you would still be trading time for money.
7. User content site with ads and/or memberships
User content sites are the ones that typically get the most traffic because you have thousands of people creating pages on your site daily. This includes social media sites, forums, etc. All you need is ads or a membership fee to earn a huge income.
8. Investments in stocks
The stock market has been around a long time and people like Warren Buffet still make incredible amounts of money from it. Just do your homework and use quality services without lots of fees.
9. Network marketing
Network marketing is pretty hit-and-miss, but it has potential. It’s very similar to affiliate marketing where you make commissions for selling a company’s products. The difference is, you have to pay to join and you can also recruit other affiliates that make you money.
10. Your own app or computer program
Many people are learning how to make apps that can earn passive income through ads, in-app purchases, and other methods. Luckily, it’s easier than ever to create apps and learn coding.
To make money while you sleep, you need to be able to earn income all over the world and provide products or content instead of services. Whether you use ads, info products, investing, apps, or other methods is up to you, but making passive income is well worth the effort.