Ways to make money even while you sleep

Renting out your home, playing stocks, selling online, or lending money are all ways to make money without much effort.

1. Blogging

Perhaps one of the most effective ways to earn passive income is to blog. It only takes a few minutes to set up a blog and the domain name is very cheap. Then, start creating interesting content to attract readers. For example, if you are an accountant, you can share some knowledge to help small businesses with their taxes.

Once you have a following, you can make money by letting other people place ads on your blog and get a commission every time a reader clicks on the ad. For example, an accounting blog might promote accounting or invoicing software.

2. Selling information products

If you are knowledgeable in a certain field, you can create works like eBooks or videos on that field and sell them. This will take a little time and effort at first, but once the preparation is done, you can just relax and enjoy the fruits of your labor.

3. Copyright sale

If you are a talented artist, actor or writer, you can earn royalties from your work. In other words, people will have to pay you if they want to use your work.

4. Website sale

If you have put a lot of time and effort into creating a website, and it is getting a lot of traffic, you can sell it to another party.

5. Online sales

Just like blogging, there are many other ways to earn passive income from the Internet. One of the most effective ways is selling. You can sell on Facebook, Amazon, eBay very easily.

6. Play stocks

Investing in stocks allows you to become a shareholder and receive a portion of the profits of the company. This has become a popular way to earn long-term passive income. With the help of the internet, researching and investing yourself has become easier than ever.

7. Loans

Peer-to-peer lending services like LendingClub, Propser, or Harmoney will connect you with people who need to borrow money but can’t get it from a bank. Because you’re dealing directly with the borrower, you can negotiate a higher interest rate.

8. House for rent

You can rent out your home to others when you are away or not living there. All you have to do is post an ad and you will have an extra monthly income.

According to VNE