: Creating money while you sleep. Whenever I get this in my mind, I always remember a quote from Warren buffet “if you don’t find a way to make money while you sleep, you will work until you die.”
First, let me tell you something. If you haven’t been heard this type of thing before, then believe these things:
- Every way I share in this blog works.
- Ways which can make money while you sleep are called: “Passive income.”
- You cannot achieve multiple income sources just reading ``always remember “1 hour of doing > 5 hours of thinking.
Passive income :
Just imagine you wrote an ebook and publish it on Kindle, then people who are interested in your ebook will buy it, I know that selling a book on a huge level can be a hard task, but after doing this, you will make money while you sleep ;
This is just an example of ‘selling a digital product online.
~ Please scroll down if you don’t want intro~
Don’t let your area influence your mindset:
When I was living in my hostel, sometimes I used to to the terrace for stargazing at 3 a.m. with my best friend. One night he asked me to give my best advice to him because I haven’t got any advice for him in my mind.
But now I have one
You must have heard that- “the people you socialize with influence you so much.” That’s why you should be with people who have a positive mindset ~~
People around you affect your life in many ways. Let’s understand this with an example- “imagine you’re a student and your classmates don’t take their studies seriously, they only study one night before an exam, they bunk classes and waste so much time on not-so-good things.” Then there is a big chance that you can be like them too!
“Sociologists tell us the most introverted of people will influence 10,000 others in an average lifetime” every person you come in contact with is impacted in some way.
So, in my opinion, train yourself to not learn from negative minds. Stay with people you want to be. They will always lift you!
Remember: Just because someone is so confident at saying something doesn’t mean they are right!
How much you can earn:
Creating Passive income in your 20s is not something that everyone does, and for making your passive income source work good you have to put in some effort and time. You have to invest your money in it.
You can start with investing a little, and then you have to invest from your profit to make it work well.
So it depends on you; however, there are so many ways that have a huge income compared to another passive income source.
7 ways to create passive income for beginners :
1.Sell Digital Products:
If you’re a newbie, then this can be a good start for you!
There are a lot of things to create and sell online! I.e., ebooks, online courses, podcasts, graphic art bundles, photographs, music, templates, and so much more.
If you like blogging, you can create podcasts, ebooks, online courses related to your niche. Visit this for more examples of digital products_ If you’re interested in photography, you can sell your pictures at reasonable prices. Just pick your interest and go for it! It is not effortless, but you can learn and earn a lot from this!
All you need to have is a phone, a good internet connection, an urge to learn, and a lot of patience.
How much can you earn?
If you choose to write an ebook and you list it on Kindle for 1$, and you get one buyer a day, then you can earn 30$/month easily; stock photos earn approximately 25–45 cents per image, it depends on how many people are buying from you. The prices of online courses are usually 8$. If 1 thousand students buy your course, then you can get 624$ from it!
The more you work, the more you’ll earn but make sure to be creative and unique and don’t forget- “quality over quantity.”
# Don’t give up too easily if you’re here to earn.
2.Start a blog:
You may have heard that before, but it’s because it’s work. Even I was thinking about this so many times before starting this blog, and it’s good to have something on your bucket list to work on. When you are free, you can start a blog and give your six months in it.
Remember, it’s worth the hustle. Imagine if you started a blog one year ago. Do you believe you’re that useless that you can’t even get 50,000 views on a blog after working one year?
You can check this out if you’re interested in starting a blog.
I know a friend who is planning to start a blog. I asked him about his blueprint, and he said, “i will write and earn” he is stupid; I hope he is now seeing this right now, first learn about blogging in-depth and decide how much time you can give it, if you don’t have a plan then you will be lost for a moment, trust me I know that, been there.
These things are a must for starting a blog :
- A niche
- A map for both before posting an article and after posting an article
- And expect the hard time will come, and if it will not, then it will.👁
How much you can earn:
Blogging is something a small blog can be a bug business after some time, many bloggers who just started blogging for a hobby leave their 9–5 from it,
It’s from google AdSense website;
Google will pay you according to your niche, but if you create a finance blog and you get 50,000 visits per month, you can make 15,012$/year.
# for blogging, you should learn daily and use google sheets for planning. You can download the sheets template from here
3.Join the affiliate program and use Pinterest:
You can join the Amazon affiliate program by just signing up to their website. By doing that, you can share your link, and if someone buys a product from your link, you’ll get paid depending on the product category and price.
So there is a problem in that like who will buy products from your link, I know, so that’s why you will use Pinterest,
If you don’t know about Pinterest, you can download Pinterest from any app store and use it.
You can share pics with links on Pinterest, and it’s called creating pins. So people can see your shared photos on Pinterest, and if someone sees a product they like, they will click on the pic, and then they will redirect to amazon.
Requirements: you don’t even need a laptop for it, just 1 hour a day and a little bit of Pinterest SEO, and it’s the best thing I love about Pinterest; it has so easy SEO compared to google.
How much you can earn?: amazon affiliate earning has no limits; you can increase it as you grow anywhere online. Once you achieve your target on Pinterest, you will thank you for just starting.
4.Rent your apartment on Airbnb:
Airbnb is a platform where someone can rent out their couch, room, or home.
Since hotel prices are so high in major cities, it’s been obvious that before booking hotels people check Airbnb.
If you have free space in Airbnb, you can try this out, and after some time, you can hire a cleaner and an assistant to manage everything.
Requirements: you have to live in a developed city, if you are like me then AirBnb is no use for you, but I will wait when my hometown has so many travelers all around the world XD!!
How much you can earn?: That depends on the level you are receiving orders from AirBnB, but for a try, you should register on it and try yourself how often you get a call !!
5.Write an ebook:
If you love the idea of digital products, then you can choose to write an ebook. In that case, you don’t need any investment. You can check this out for more category ideas !!
For creating book covers or any graphic, use Canava. You can choose something related to your studies or interest. But do remember this ‘getting readers for your book is not easy. Everything is hard, so choose your hard.
Requirements: just an idea about your ebook, map of where you will share your ebook(like Facebook groups. Forums related to your book title etc.), and you have to know good writing and your target audience but don’t worry and don’t afraid of failure, you should give 30 days to write your ebook and see what you can do
How much can you earn?: As I mentioned earlier, it depends on your readers. If you get 80 readers at a 1$ price per month, you get 80$/month without doing anything. It’s just a starting future. You will get more readers if you write valuable content for your target audience.
#write an ebook like you are talking to your friend about something
Dropshipping is like selling products online, but you don’t store your product. You use a third-party supplier (like wholesaler or manufacturer) to fulfil product needs; I am sure you have heard Shopify’s name before from Shopify; you can create your dropshipping business; I highly recommend you check out Shopify website. If you use Shopify, don’t worry; no one will know if your eCommerce website is Shopify.
From here, you can learn how to start an eCommerce dropshipping store from scratch.
Requirements: A niche, a supply for your store, build your online store and then market your store after that to improve your store.
How much can you earn?: It’s just like a store but online, but it can be a lot more profitable than an offline store. You have to put a lot into it to succeed, so your earning cannot be defined by just typing and thinking !!
7. Create an app:
I am not saying that it’s not risky, but you can create an app that solves people problems or help them with something like if you use android, then you might have some problems and wish that there was a solution for it _
Some time ago, I was searching for friends interested in fantasy books, so i wish that I had an app where I can just find them ~
So if you can solve the problem from your app, then try it.
However, you have to invest in it first because everyone is not an android/ios app developer.
Requirements: an idea, some money to hire a developer, and a plan
How much you can earn?: when you upload your app on any app store, and user use it, you earn money, so it depends on what’s your planets
Like you can sell the app to every user or add a subscription fee or monetize your app.
So it will worth it when it achieves its meaning!
Thanks so much for reading this article, I will share more business strategy in-depth and if you really want to earn from passive income please accept my suggestion and plan something and go for it because i know a lot of people who learn and never take actions ~~
You can subscribe to us if you love this topic!
You can check our website for other contents like this.