Passive income is the stack of money that you earn without having to work hard for it. In other words, you can make money while you sleep. Who would not want such a dream to become a reality?
Think of the many hours you put into your job. Then compare it to the much you have in your bank account. You most likely will have little to desire about having to wake up to go to work every day.
But do you think you will work forever?
Listen to me, if you are not keen on looking in opportunities that make you money while you sleep, then you will be chained to the hard life of working daily. You most likely will be working until you are old and weary.
Fortunately, there are some legit ways that you can make money while you sleep. Such a dream can come true. It is possible for you to make well over $1,000 monthly without stepping out the door.
How Can I Make Money Without Leaving My House?
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Some experts say that you need to spend money to make money. What you spend, however, it may not have to be cash for you to make a buck or two.
Overall, making money is a process that requires you to put in some bit of time and effort.
Thankfully, there are some opportunities available that will need you to put in the work during the first stages, and then you get to sit back and watch the cash flowing in as you relax.
Such ventures are residual money-making opportunities. They do require your input. It may be some money or getting a bit hands-on at the start, but the money will then trickle in after you are done with the first phases.
It is essential to point out that the earnings will vary. You can make hundreds if not thousands of dollars in a month from one venture and makes less than that in another.
Read on and discover ways that you can make some good cash as you sleep.
1. Start a Blog and Monetize It.
If you love writing articles where you can share your insights, opinions, and experiences, then you should consider starting a blog. Anyone can start a blog and turn it into a money-making machine. Here you may ask – how to make money by uploading content on the blog? How to make it as the cash-sucking machine?
Below are a few tips on how you can monetize your blog:
- Sponsored post. Create interesting posts that will attract a significant audience. Consider sponsored post where you partner or collaborate with various companies or brands that will pay you to mention them or write about them on your blog posts.
- Affiliate marketing. Put affiliate links in your blog post. When visitors click on the links and make a purchase, you will gain affiliate commissions.
- Display ads. You can join ad networks such as Google AdSense, Media.net, Ezoic, Mediavine or AdThrive. The strategy here is for you to get paid for every ad that visitors click or you get paid per 1000 impressions.
You will need a domain name (site’s URL) and a reliable hosting provider such as Bluehost or Siteground. These two hosting companies are reliable, affordable and also secure.
Get the blog up and running, invest in quality content that captivates and informs your target audience. Next, start to promote your content on social media like Pinterest, Linkedin, Facebook or Reddit.
You also should include some affiliate links and display ads in the posts. With this method, you will be making money for months or even years to come.
How much can you earn from blogging?
The money you can make will vary. It is possible to make well over $20,000 a month or even as little as $40. Below are examples of what bloggers could earn:
- Find Savvy Panda earned $7,498.94 in February 2019
- Recipe This earned $4,705.53 in April 2019
- Johnny FD has made $4,949.14 in April 2019
- Anastasia Blogger made $8,336 in March 2019 and still counting
- Fat Stacks Blog earned $40,454 during April 2019 from 7 niche sites
- etc
Wouldn’t it be great for you to make $1,000 or more each month from your blog?
2. Join A Few Survey Websites
I know, it may not be an ideal way of making passive income since you can’t take the survey while sleeping. But hey, it is as close to achieving that dream of making quick cash as you can get.
Why?
Well, you can take the surveys from your comfort home, while relaxing on your bed or while resting on your couch and earn a hundred bucks or even more per month.
To maximize your income potential, you have to join these best two, legit survey sites that literally pay you in cash (not just a gift card).
Survey Junkie and Swagbucks Gold Survey
Useful link: The secret method to maximize your revenue through the survey sites!
How much can you make through the survey sites?
It may vary and it depends on the reward scheme on offer. A site may be offering a little as $1 – $3 per completed survey while others offering up to $80.
In most cases, the longer and highly detailed surveys tend to pay more, while those that pay less usually take less time to complete.
3. Sell A Course Online
Are you good at writing stories or probably knowledgeable about photoshop, web design, photography, etc? What creative skill do you have that you can use to make money online?
The objective here is for you to pick something that you are knowledgeable about, and you can be considered an authority in regard to such a thing.
You then can turn it into a course that you can sell online. It should be a course that focuses on helping others learn how to be a writer, how to make presentations, or how to photoshop or edit videos, etc.
Think of something that you are very good at, and you can turn it into an online course that you can sell in any of the following places such as
How much can you earn from offering an online course?
The amount of money you can earn will depend on the pricing of the course you offer, and the number of sales you make monthly. It may take time, but when done right, you can turn it into a full-time money-making venture.
Below are several examples of the income that can be made:
Through Udemy, David Travis generate $185,000, Phil Ebiner earns $100,000, Felicia Ricci has made $11,000 selling a music course.
Through Teachable, Angela Fehr generates $12,000, Michelle Schroeder-Gardner earns $45.000 per month.
4. Sell Mobile App
If you are good at coding, then you can create a program or an app that you can sell through the Android or iOS store.
If lack the knowledge and skill needed for making an app, then you can hire a freelance app developer to do it for you. Here are some of the places where you can find and hire reliable app developers:
How much can you earn when selling apps?
It depends on the many apps you can sell.
For instance, an app developer posted on Reddit saying that in 2012, he made $3,400 on Photo Table app and $3,400 from the same app in 2013.
In 2013, RevMob ads earned nearly $900 from the free version of the Photo Table app. The same creator also states that an app called Artwork Evolution created for iOS has made $2,000 since its launch back in 2011.
Other app developers said on the same post that they make apps during their spare time and focus on a specific niche. They stated they have made 9 apps where 3 are free and 6 are paid.
The cost of their creations sets them back a few pounds, but they are can make nearly £300 on Android and £400 per month for the same apps on iOS sales.
From selling apps, you can make anywhere between $100 and over $1,000 a month.
5. Design and Sell Custom Merchandise
If you can design customized things such as hats, clothes, mugs, phone cases, vases and more, then you can make some cash from selling them. You can as well opt to hire a designer to create for you the personalized merchandise.
Your next move will be to find an online marketplace where you can list your items, sell them, and start making money as you sleep. The beauty of it is that you can sell a particular item of the same design over and over to different customers.
For some things, you may need some knowledge and skills in Adobe Illustrator so that you can come up with unique designs. If not, then you will need to hire a designer to help create what you want.
Take the example of custom t-shirts; you can sell them on websites such as:
If you love photography or can draw or paint, you can use these images on the t-shirts. You can as well sell them on various site where they can be used on other things such as greeting cards, vases, phone cases, pillowcases, or mugs. Some of the websites you can consider for this are:
How much can you earn from selling custom merchandise?
Some factors that govern how much you can earn are the pricing you place on each item, the commission you will get from the marketplaces, and the number of sales you make monthly.
So here, you should create a very unique design as well as good marketing strategies.
6. Sell stock photos online
You do not need a very expensive camera to take amazing photos that you can sell. Your mid-range camera is enough to capture amazing images in a high-quality resolution.
You take the photographs, post them on stock photo sites where they can be bought and you can sell a certain image over and over.
If you can sell one picture hundreds of times, multiply that by hundreds of photos that you post. Now you can see how big of a passive income opportunity this venture can be for you.
Some of the places you can sell stock photos are:
How much can you earn from selling pictures?
The money you can earn from selling photos will depend on things such as the commission you get from the stock photo website, the number of pictures you manage to sell, and the price tags you place on each image.
For instance, you can earn anywhere between $1 and $20 per picture if you post on iStockPhoto. Meanwhile, you can make $34 – $249 per photo on 500px.
Regarding the commission, Dreamstime will set a commission 25% – 50%, while on iStockPhoto it’s from 15% – 45%.
If you do the math, you can have a passive income of at least $200 if you manage to sell around 20 pieces at $10 each in a month.
7. Rent Out A Property
Do you have a spare room in your house or another house that is unoccupied? If so, then why not consider rent out such space through Airbnb and make money?
Offer your accommodation and you will find people that are willing to pay to stay in your property.
How much can you earn?
The money you can earn as passive income from renting depends on various factors such as the location of your property, the type of property you are renting out, the tenancy rates and terms you are offering.
You can check out local listings to know the pricing of similar properties in your area. Alternatively, you can use this online resource to help you estimate how much money you can make. You can as well consult an experienced, reputable realtor in your area.
8. Buy Established Websites
The internet is a vast space with so many opportunities for anyone to make money. To have your place on the internet and be an online force to reckon with, you will need a proper foot and this means having a website.
However, you need to spend a lot of time and effort to get started a website and turn it into a thriving business.
But that should not dishearten you and kill your dream. You can opt to take an alternative route the get you to your destination – buy a website that is up and running.
In this option, you have to invest in an established website that already making money. Check out Flippa to see which websites are on offer, and you can make the right purchase based on how much income a site generates monthly.
How much can you earn?
According to the stats on Flippa, it is possible to rake in as much as $1,000 – $4,000 a month from a single site. Therefore, check out Flippa to find out what opportunity awaits you that can help you making money as you sleep.
9. Maximize Cashback Sites
Ever thought of making money when spending it on a few things that you need? It is possible to make money as you shop online? “How is that?”
You may be wondering.
The answer is cashback sites. Such websites will give back some money each time you shop through them.
Ebates is an excellent example of this. If you shop at Walmart, Amazon, Kohl’s, Macy’s and other online stores through Ebates, you get cashback. You can shop at over 2,500 stores via Ebates and possibly get up to 40% cashback.
Besides Ebates, here are the other good cashback websites you decent to try: TopCashBack and Mr. Rebates.
How much can you make through these cashback websites?
That depends on how frequently you shop online, how much you spend, and the cashback percentage on offer. For instance, you can get $80 when spending more than $200 when shopping online through Ebates.
10. Rent Out Your Car
If you own a car and just sitting in the garage, you can turn it into a source of money by renting it out.
You can opt to advertise that you have a car that interested parties can rent or you can have to car rental companies and have them send you money on a monthly basis.
Some of the companies you can approach for such a deal are:
How much money can you earn?
Some of the factors that will influence the earning you can make from renting out your car are the rates you are offering, the brand and model of your car and of course the company you reach out for the rental deal.
According to those companies above, the average car owner could make extra income $30 – $50 a day, or nearly $6,000 a year.
Final Words
If you dream of making money while you sleep, then your dream could be a reality. It is possible to achieve it since there are plenty of ways you can do.
Hone and leverage your knowledge and skills in whatever area you feel can make you money passively without demanding too much of your time and effort.
Consider trying any of the opportunities mentioned above and start making extra income without having to leave home and even while you sleep.
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