Proven Strategies to Make Money While Sleeping: Passive Income Ideas

Making money while sleeping is a term used for making passive income or residual income. Passive income or residual income is referred to the money-making method where you make money passively, without doing hard work, or earn continuously from the work that you have done in the past.

What is the easiest business to make money while sleeping?

What is the easiest way to make money while sleeping?

The easiest way to make money while sleeping depends on the expertise and skills you have.

If you are a writer, the easiest way to make money while sleeping is writing a book (print book, or ebook) and publishing on Kindle Direct Publishing. You will earn money as long as your books are sold.

If you have some money that you can invest, investing in crypto is also the easiest way to make money while sleeping. You can invest in different cryptos and hold for a long time for higher profits.

Proven Strategy to Make Money While Sleeping

What is the best way to make money while sleeping?

 “Writing and Selling eBooks and print books”

If you search online looking for the best method to make money online, you will discover that writing books is one of the best ways to make money online. It is labeled as the best method because you can continuously earn royalties on your book as long as you don't take it down. When I say best method, what I mean is the best method to make money for writers with great marketing skills.

You can write ebooks for others and make money by selling your ebooks rights, or you can write and publish your ebooks and sell the ebooks for money. However, this is easier said than done. A lot of people are trying to make money by writing and selling ebooks, thus, making money by writing and selling ebooks is quite difficult.

Don’t be discouraged, when people say it is difficult to make money by writing and selling ebooks.

You can make money while sleeping...

If you are a good writer

If you have written books on the topics that are in demand

If you have digital marketing skills and can market your books to the target market

Once sales pick up, your books will continue to make money as long as the book is available for purchase.

Passive Income Sources: Which One is Your Favourite?

Here are a few methods to build passive income. I have tried all of these methods.

Blogging: I have been blogging for over a year and currently, I earn $1 per day on average. This is not a bad income considering the fact that I do not visit my blog every day and even when I visit I do not spend more than 30 minutes on the site.

App publishing: When I had published an app on Play Store, it was earning $10 per day on average. Apart from the time spent on developing the app, I did not work much to generate that income.

YouTubing: I started working online by creating a youtube channel. Sadly, this is one of the few passive income methods that did not work for me. But I am sure it will work for you.

Is Writing the Best Way to Build Passive Income?

A lot of people working online believe that writing is one of the best ways to build passive income.  You can start blogging or start publishing on Kindle Direct Publishing to earn passive income. You earn from advertising on your blog and earn royalties from your Kindle books. Both of these methods are passive income courses.

You don’t have to blog every day, however, if your blog receives good traffic, you can easily earn passive income.

If you publish a book on Kindle Direct Publishing, you will earn royalties for every book you sell. Now you might ask is it really easy to earn from your blog or Kindle book?

It is definitely not easy to earn from a blog or Kindle book but not impossible either.

What do you think, is writing the best way to build passive income?

First published on Trendri in author's name