As lazy as it sounds, people nowadays can make money while they're enjoying a good night's sleep. Thanks to the internet and automation, sources for passive income have become more diverse than simply investing in the stock market or in real estate, providing endless new ways to earn a living while we do, literally, nothing.
I want more passive income.— Bob Benson 🧢 🦅💰#YangGang (@BobBensonBill) February 23, 2020
The pennies I get from the bank don’t cut it. pic.twitter.com/zV8XhSatEG
People no longer have to quit their jobs or disrupt their careers in order to make some extra bucks. They can now earn effortlessly and all-day-long.
Still, a little bit of time and effort has to go in initially as a starting point before the money starts flowing in without supervision.
So how exactly can one dream their way to fortune?
1. Create a blog/vlog
Even though it has been around for decades now, blogging has been successfully attracting audiences that are willing to read original and engaging content, especially when it offers them character.
In order to make money through blogging, you need to focus on writing about topics that you're knowledgeable about and interested in. You also need to choose the right channels through which you can create a reader base and consistently deliver compelling content.
HOW TO MAKE MONEY FROM YOUR BLOG IN 2020. This is also for people who are thinking of taking up blogging.— Digital Marketing Strategist (@Jeanwandimi) February 20, 2020
And blogging is not dead. There will always be a place for written content.
If you're not so much of a writer, you can become a vlogger - a video blogger - where you can produce your own videos to talk about topics of interest to you and to your audience.
Vloggers can share literally anything with their viewers, including their daily experiences, interests, and hobbies, like crafts, pets, food, travel adventures and more.
2. Online Courses
If you're unable to keep up a regular content stream through a blogging business, you can certainly create a one-time course that can be accessed online by students.
You might be somewhat limited in terms of the topics you can base your videos on, as you'll have to be quite experienced and proficient in the subject matter you teach.
You also need to invest a few days or maybe weeks to set up lesson plans and material, in addition to tests and quizzes that can help with the automated evaluation process.
Once your online course is ready for students to undergo, you can enjoy your days and nights quietly, knowing that you'll be making cash for every student that enrolls in your course.
3. Write and publish a book
In this time and age, becoming a published author doesn't only make you money when you sell copies and sign for new versions. Writers can now present their books in more than one format, such as audio and e-books, which are becoming even more popular than paper-based books.
Hear a long-forgotten Irish myth told once more and write your own legendary creations in our The Butterfly and The King workshop this Saturday with children's author @MyraZepf. Great for kids aged 8+. Book online: https://t.co/hsTf43AFI2 pic.twitter.com/qqn21tsK4x— UlsterFolk&Transport (@FolkTransport) February 19, 2020
Whether you're writing fiction or something more autobiographical, make sure that you find the right publishers who understand the value of digital and audio formats, so they can help you in your monetization process.
4. Rent out a room in your house
Do you have a spare room in your house? It's time to use it for some extra money.
If you don't want to risk having a long-term roommate whose company you might not enjoy, you can always list your room or any other property you own for short-term rentals using websites such as Airbnb, Vrbo, or HomeAway.
These platforms will facilitate the process of promoting your property and taking care of the booking. And as a bonus, you don't even need to meet you visitors, who'll be in and out in a few short days.
5. Create an innovative mobile app
If you're a tech-savvy person who can develop mobile applications, you want to take some time coming up with a truly creative application that everyone needs and would be curious to download.
It's totally up to you whether you want to sell your application for money or would like to list it for free while making money using a third-party advertiser.
Once you're done building and promoting your application, the cash will start pouring in and you will no longer have to dedicate any time or effort to it.
6. Download data-collecting smart mobile applications
The easiest way to make money while you're sleeping might not help you make loads of money, but it sure doesn't hurt to make some extra cash when all you have to do is to download several mobile apps.
These applications work in the background and collect data related to your internet-browsing activity by monitoring your mobile phone.
Applications such as Smart Panel App, Mobile Xpression Panel, Nielsen Mobile App, and others will pay you money in exchange for your permission to let them record your every action online so they can use it for statistical purposes.
© 2000 - 2020 Al Bawaba (www.albawaba.com)