Your eyes bolt open. It’s 5 am. Another day, another dollar. Time to go to work. You pull yourself out of bed wishing you could catch a few more minutes of sleep. After all, you’re not rested. Not one bit. But people are relying on you. They’re counting on you to keep a roof over their heads and food on their plates. So you need to get up, get to work, and make money.
That’s life right now. It’s all you do and there’s nothing you can do about it. You see others living the dream lifestyle, enjoying life to its fullest. Why can’t you? Instead, you’re stuck working around the clock, day and night. Rinse and repeat. Others are out there crushing the game, making money in their sleep while you barely get a restful night, each and every night.
It makes you wonder—is it really possible? Can you actually make money in your sleep or is that some pipe dream? Is it some made-up fantasy that people try to peddle just to sell you a course or is it possible to do? More importantly, is it possible for you? That’s the real question, right? The answer? Yes. You can make money in your sleep. But it won’t be easy. So don’t expect it to be.
To make money in your sleep requires a large investment of time upfront without little to no pay. That’s how passive income works. You put in a large amount of effort upfront with little to no gain for months, or even years on end. Eventually, the money starts trickling in. And after a long period of plugging away at the same thing without fail, the floodgates open and a tsunami of income hits you.
How To Make Money In Your Sleep
The most precious resource you have right now is time. You know the saying time is money, right? Well, time is not money. It’s way more important. After all, you only have a limited amount of time and you can never get it back. When you’re running around on someone else’s schedule just trying to make a living, it becomes clear that time is far more valuable than money.
But the question is, can you really make money in your sleep with limited free time? And can you do this while you’re still working a day job? Because, after all, you can’t just up and quit, right? The answer is yes. You can do this while working a day job. And passive income isn’t just some dream. It’s a reality for so many people around the world.
However, since time is precious and you don’t have a lot to waste, you have to be organized. You have to be intentional with every action, every single day. Track your time and invest it wisely. Instead of spinning your wheels, dedicate your time to learning. Listen to audiobooks while driving or read while you’re on the train. Whatever you can do to absorb the knowledge and the wisdom must be done.
#1—YouTube
YouTube is by far one of the best ways to make money in your sleep. It’s also one of the hardest ways to do it. To succeed on YouTube you must build great content consistently. And it must be engaging and entertaining. If it’s boring, people will quickly swipe away. The algorithm relies on engagement so you have to capture their attention and keep it. This is both an art and a science.
However, YouTube has some of the best CPMs out there. You can earn anywhere from $2 or $3 per thousand views up to $7 to even $10 per thousand in some cases. If you take an average of about $5 per thousand views that means one million views will net you roughly around $5,000. That might seem like a lot but once you stack up all the videos and they’re all very engaging, you could be making a lot of money.
#2—ClickFunnels Marketplace
Most people know about websites. But far less know about sales funnels. Sales funnels are like magic little money-making machines. However, instead of building a sales funnel for yourself, you can make money by building them for others. All you have to do is design the funnel and post it for sale in the ClickFunnels Marketplace.
This requires an eye for design. You don’t need to have any coding or tech skills to do this. You can use the premade templates and the drag-and-drop editor to design it. Then, simply post it for sale. This way, you do the work just one time and get paid repeatedly. After all, that’s the definition of making money in your sleep, right?
#3—Webinars
Webinars are presentations that can be both live and automated. But the type of webinar that can make you money in your sleep is automated webinars. Webinars work great to sell high-ticket products and services. You can use them to sell online courses, coaching, high-end services like renovations, high-ticket products and more.
Some of the biggest companies have been built on the backs of a successful webinar like this one. Keep in mind that this is not an easy way to make money online. But it is a great way to make money passively once everything is properly set up. If you want to learn more about how to configure webinars, you must read this book that dives deep into the concepts and principles behind it.
#4—Vacation Rentals
Vacation rentals are a great source of passive income when done the right way. Vacation rentals are making money both day and night when they’re rented. And by setting up an entire staff like an on-site manager and house cleaners, your rental is mostly hands-free. If you have a property in a vacation destination, this is an easy way to make money. If you don’t, you can generate income, but your bookings might be very seasonal.
There are several sites you can use for vacation rentals. There is always Airbnb, which has rentals all over the world. But there are other sites like VRBO, FlipKey and others. You can also hire vacation rental managers to deal with the entire process from end to end. They’ll find the bookings, manage them, and deal with all the turnaround. You can expect to pay anywhere from 20-40% for this service.
#5—Peer-to-Peer Lending
You can use money to make money in your sleep by leveraging peer-to-peer lending platforms. Today, there are many of these platforms dedicated to giving loans for cars, small businesses, and personal loans. Most platforms let you assess the risk and put your money where you think it would work best. Others do all of that for you.
Today, there are two primary ones—Prosper and Upstart. It does take a lot of money to see significant returns through interest payments. Remember that the platforms also take a cut. Some think that this is a safer bet than staking your money in crypto or putting it in REITs. However, that’s for you to assess with your financial advisor. Always consult with an attorney and advisor before making any major money moves like this.
#6—Buy Boring Businesses
You might be wondering what a boring business is, right? Boring businesses fill every town and city around the world. These are businesses you pass every single day and don’t think twice about. But can you really make money in your sleep with a boring business? And if so, what types of boring businesses can you buy?
Boring businesses are coin-operated laundries, gyms, tanning salons, and similar businesses. These businesses require little manpower to operate and provide passive income. Plus, you can often make a deal with owners looking to retire and put little to no money down. Instead, you can provide a percentage of revenue and you remove the headache of them being an owner-operator in the business. It’s a win-win scenario.
#7—Online Courses
If you have knowledge and wisdom in a particular in-demand skill or field, consider teaching others with online courses. Online courses are one of the best ways to make money while you’re asleep and while you’re awake. It’s like having an army of salespeople selling and working for you around the clock. And you can build these online courses on many platforms today.
However, the best way to build an online course is to create it with a sales funnel using premade templates and a drag-and-drop editor. You can promote this course on social media and even create free YouTube content that promotes it. If you have some money to spend on ads, build a lead magnet and a lead generation funnel, and use email marketing to promote the course.
#8—Rent Parking Spot
Several apps let you rent your parking spot out to make money. If you live in an urban area, this could work. And it doesn’t have to be a spot in a parking garage or a building. It could literally be your home driveway. If you live close to an airport or other transportation hub, it will make far more sense for you to do this. Or, if you live close to large corporate offices, it might work as well.
People can rent your spot for hours, days, weeks or even months at a time. This is a great source of passive income and aside from the inconvenience of having a spot taken for an extended period, there aren’t many downfalls to this. It’s an easy and fast way to make money when you compare it to other methods out there. While many companies offer this, JustPark and Spacer are the most well-known.
#9—Car Wraps
Did you know that you can wrap your car with ads from various companies to earn passive income? It requires doing nothing extra. Simply drive as you’re already driving and you can use apps like Wrapify to make money. All you have to do is sign up for the app and start driving. Once advertising partners are available, the app will notify you. They’ll come and wrap your car for you and take it off when you’re done.
Depending on how much you drive you could make an extra $200 to $400 per month. Remember, you’re already driving. There are no specific routes to take or anything else to do. And the more you drive, the more money you can earn doing this. Other companies that provide this service are Carvertise and StickerRide.
#10—Affiliate Marketing
One of the fastest ways to make money is to do affiliate marketing. While many people try this, many more fail. To do affiliate marketing the right way is not about spamming links and harassing your followers on social media. You must add value to the exchange. Otherwise, why would someone bother to click and buy from your link?
The best affiliate marketers use bridge funnels to collect contact details of the prospect before sending them to the affiliate offer. This way you can communicate with the prospect and they’re not lost into the abyss. Others build offers that may include free ebooks, courses that complement the affiliate program, video trainings, and other bonuses. There are so many affiliate programs you can join but we’re partial to this affiliate program.