Is the correct term when it comes to making money while you sleep.
Before we get into the list of proven ways you can earn passive income, let’s define it so we’re all on the same page.
Passive income is any income you make without actively working or are materially involved. Basically active work examples; are hourly or salary if you don’t show up you don’t get paid.
Anyone can start earning passive income the only thing most forget to mention is you have to put in a lot of work in the beginning. Then you can reap the rewards.
Galatians 6:7: “Do not be deceived, God is not mocked; for whatever a man sows, this he will alsoreap.”
Lets get right into it.
- Start a YouTube channel around your passion.
- Create content for big Instagram pages outsource the work.
- Become a social media influence.
- Buy and flip popular domain names.
- Start eCommerce shop sell physical products on eBay, Amazon or shopify.
- Become a peer to peer lender.
- Sign up for AirBnB provide extra room.
- Create a app.
- Write a eBook or sale online courses.
- Create a membership community or subscription service.
- Rental income from real estate.
- Buy profitable apps/websites and flip them on Flippa.com.
- Buy and hold stocks for the long term.
- Invest in stocks that pays dividends.
- Start ATM business
- Start a vending machine business
- Sell graphic designs and Photoshop templates.
- Build organic traffic on a blog or social media page and promote affiliate links.
- Gain lots of followers so you have a free marketing platform and sell something.
- Review websites at UserTesting.com
- Create a service company then outsource it.
- Buy equipment and rent it out.
- Invest in REITs (Real Estate Investment Trust)
- Post your photography on shutter stock.
- Get out of debt.
- Car advertise by renting out space on your car.
- Buy a laundromat or car wash.
- Create and produce art, music, movie, books and collect royalties.
These are some of the top ways to start earning money in your sleep. I’m actively implementing several of these myself. I highly recommend you choose two or three of them you would like to start implementing.
Especially if your apart of the Millionaire Brand. The average millionaire has seven streams of income. I can guarantee you will find most of them in this list.
Your future self will thank you, don’t every say I didn’t try to put you on. 🙂