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Almost everyone dreams of making money while they sleep. But, is it completely feasible? Well, actually, it is.
If you want to be financially free and live life on your terms, making money while you sleep should be top of mind. But, how? While some methods require upfront work to create passive income, others get the money you already have to increase automatically as you sleep. And, yes, sometimes you can actually get paid while sleeping.
So, without further ado, let’s explore the top ten side hustles that make you money while you sleep.
Related: Top 11 Side Hustle Income Ideas to Make Six Figures Online
1. Start a blog.
Yes. You can make money from blogging. But, you aren’t going to earn a passive income until you put in a lot of work. And, it might take you months, if not years, until this happens.
The good news is that it’s pretty easy to make an extra $500 – $2,000 per month in your first year of blogging. Additionally, you can significantly increase your monthly blog revenue in years 2, 3, 4, and 5. According to Glassdoor, the average blogger makes more than $48,000 per year. But, it’s not out of the realm of possibility to make six-figures from your blog.
A blogger’s passive income may consist of;
- Display advertising. The ads are run through networks like Adsense, and you get paid for each impression, click, or sale generated from your site.
- Affiliate marketing. This is when you get a special link to use on your site for a specific company or product. For every conversion made through a link, you are paid. Even though old posts may have been written weeks, months, or years ago, they could still generate income.
- Course sales. Bloggers that become authorities on a particular subject can create a course based on their expertise. It takes a lot of work to create the course. However, it becomes passive since you can sell it indefinitely without much effort.
Before you’ll start seeing cash flow from any of these sources, you will have to invest some time and energy. As a rule of thumb, the more time and energy you put into your blog, the higher the ROI will be.
Digital assets are products or pieces of media that can be sold and distributed through the internet without resupplying inventory. These are digital files, such as PDFs, videos, plug-ins, and templates that can be downloaded or streamed.
A user can purchase something and receive it via email or …….