In 2022, here are the 15 best deas for making money while you sleep

If you are going to become rich, you should know that all rich ...

If you are going to become rich, you should know that all rich people have a passive average income; and to be like them, you should pay attention to the best passive income ideas to make money while you sleep.

According to legend, the average wealthy individual has seven distinct sources of financial gain. This does not imply that they require seven occupations. The majority of millionaires have figured out how to make money while they sleep.

When you're done reading, you'll be comfortable with suggestions on how to earn your own income.

According to Reader's Digest, more than 50 percent of Americans immediately face work and financial problems as soon as they open their eyes in the morning.

Even if you can't solve all of your life's problems by earning a passive income in addition to your day job, it's a good place to start. Especially if you are serious about accumulating wealth.

What is passive income?

Essentially, passive income, also called residual income, is the money you earn when you're not working. You can sleep in, have a drink at the beach, have a margarita, or just relax. Your account will still be deducted.

Traditional passive income ideas include investing in stocks, bonds, real estate and even earning royalties. All of these require some investment or money to make a profit.

Is there a distinction between passive and active income?

What is passive income? Active income? Active income is receiving money for a service. It can be a salary, an hourly rate, a commission, or a tip. It's essentially trading your time for a fixed amount of money.

Most people choose to live this way, and there is nothing fundamentally wrong with that, as long as you know that there is a limit to how much you can actually earn.

That doesn't mean you should quit your job (at least not yet), but if you're looking for creative ways to create wealth, here are 15 passive income ideas.

The 15 best passive income ideas to explore

Most passive income concepts require some work before they are useful. Nevertheless, there are ways to make money right now, that is, ways to earn passive income - with virtually no effort.

Get money for purchases you already make
Put your car to work for you
Open a high-yield savings account
Rent out a room in your home
Invest in real estate crowdfunding
Buy your first investment property
Invest in dividend payments
Loans between individuals
Start investing with a Robo-Advisor
Affiliate Marketing
Buy a blog that's already making money
Start a YouTube channel
Create and sell an online course
Create an e-commerce site
Sell your photos online

№1. Get money for purchases you already make

If you're already making some purchases online, you may be missing out on easy passive income by not using rewards with refunds.

Credit Card Refunds

Cashback credit cards offer a percentage - usually 1% to 5% - of the purchases you already make. Some rebate offers to vary by category. For example, the card offers a 2% cash back on gasoline and groceries and 1% on all other purchases.

Sign-up incentives are available on several cacashbackredit cards. For these programs, you will usually have to spend a certain amount within 60-90 days of opening your account to qualify for the bonus.

Keep in mind that these offers are only useful if you withdraw your credit card balance each month. Interest rates can add up quickly and easily offset potential benefits.

If you already have a refund card that you want or don't want to open a new account for, there are other ways to get rewards for your daily purchases.

Ebates

Use Ebates on its own or with a Cash Back credit card to get 1 to 40% reimbursement for your online purchases.
To get started, create a free account. Then download the browser extension so you don't miss out on a good deal. If you visit an Ebates affiliate site - Amazon, Best Buy, and Target, to name a few - the extension prompts you to activate the rebate.
Just click the button and continue shopping as usual.
You can redeem your rewards every three months through PayPal, a paper check, charity donations, or a friend.

№2. Put your car to work for you

Keep in mind how often your car is not in use - on trips, vacations, or even on a regular woworkday

You have two options:

Let your car sit and reduce it.
Use it for passive income.

Rent a car with Getting around.

For example, with Getaround, you can potentially make thousands of dollars a year by renting out your car to third parties when you're not using it.

The average annual value of a car is close to $9,000. If you rent a car from Getaround, you can get some (if not all) of that money back.

As a Getaround car owner, you get parking in the best neighborhoods in town, a $50-a-month car loan that you can rent, and basic car insurance coverage. Million Dollar.

To take advantage of this passive income opportunity, you must create a free Getaround account. Your rental income increases each month, and payments are made on the 15th of the following month.

Advertise with Wrapify

Wrapify is a smartphone app that allows you to promote brands and companies on your vehicle. Drivers will make over $400 every month, according to its website.

Before you can get started, you have to download the app and follow your path. Once you meet the minimum requirements, you'll be notified when the campaign becomes available in your area.

Take your car to pack it in and make a passive income from the driving you already do.

№3. Open a high-yield savings account

If you have a bank account, the interest you get is probably laughable. Consider yourself lucky if you win something! Fortunately, online banks with really tempting interest rates have emerged. More interest = more money than you make with your savings.

Here are two online savings accounts that earn residual income:

CIT Bank - I recently deleted my Bank of America account, which caused me to have to save money, and tried the CIT Bank experience.

With a CIT Savings Builder account, you can earn 2.45% annually by opening your account with a minimum of $100 and paying another $100 per month. Of course, I won't get rich on this "investment," but it's still free money. And since there is no monthly fee, I think CIT Bank gets double the profit.

Or the alternative:

Discover - Discover, like CIT Bank, provides excellent savings account rates. Today, most online savings accounts are closed in terms of interest rates and fees, so you can't go wrong. Discover's big advantage is that there is no minimum initial balance.

Passive income ideas for making money from real estate

Real estate is one of the most well-known sources of wealth creation. In fact, the vast majority of millionaires over the past two centuries have gained at least part of their status through real estate investments.

Here are a few ways to take advantage of real estate investing opportunities:

№4. Rent out a room in your house

Make Passive Income with Airbnb - Renting out a bed and breakfast is like having a roommate who can kick you out at any time. You decide when a room is available, set the daily rate, and set all the rules.

One of my favorite passive income ideas is to use Airbnb when I travel. I rent my entire apartment and earn about three times as much as I do when I rent a room.

It can be weird to know that strangers are home, especially when you're not. Fortunately, Airbnb offers up to a million dollars worth of insurance in case of an accident. There is also a rating system that allows you to see a renter's reputation before you decide to stay with him.

№5. Invest in real estate crowdfunding

Invest with Fundraise to get passive income from real estate - if you have an extra $500, you can now invest in real estate through Fundrise's startup portfolio.

With Fundrise, you get the benefits of a REIT (Real Estate Investment Trust) with more flexibility and potentially higher returns. According to Fundrise's latest performance report, the portfolio yielded 12.25%.

With Fundrise, you can also choose an investment plan depending on your financial goals. They have projects that generate residual income, diversification o,r long-term growth.

Another real estate crowdfunding platform:

RealtyShares - Sounds like Fundrise, but the minimum investment is $5,000. So you need to add an extra zero to get started. You can choose which properties you want to invest in.

Thus, this platform offers more control. Instead of relying on the performance of the entire portfolio, you can do better (or worse). 25% of your account. So, if you have $100,000 $20 that Betterment manages, you'll be spending a little more than XNUMX dollars a month.

Whether you choose to invest in just one of these modern REITs or both, remember that these are private funds, not stocks. You can't just pay for your investment and have access to your money right away.

Depending on your investment, plan to have your money tied up for six months to five years. However, you will probably still receive monthly or quarterly payments, depending on the investment opportunity you choose.

№6. Buy your first investment property

Roofing is an online platform that allows you to purchase rental properties and earn passive income.

Roofstock- Investing in rental properties is one passive income idea that can be extremely intimidating, especially when looking for tenants.

With Roofstock, You may get homes for a two-hundredth of the price and have tenants already living in them. This indicates that you will be paid on the first day of your investment. You don't even need to be forced to go to the property!

This is an ideal strategy if you live in an area where real estate prices are too high for a realistic investment, or if you don't want the hassle and expense of traveling around the country to find potential properties. visit.

If this is your first time investing in private homes, this is a great way to get your feet wet.

Once you've purchased a property, one of its licensed managers will contact you for general rental tasks, such as rent collection and maintenance.

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Other passive income investments

Stocks, bonds, and precious metals are what most people think of when they think of investing options. These investments, however,

Gone are the days of paperwork, and high brokerage commissary an honest command of English. If you're not fluent in English you'll be able to additionally notice foreign language transcription jobs.

Listening skills and correct typewriting skills. And have the power to interpret conversations.

Desktop or portable computer with an honest net association.

Headset and foot lever.

The latest version of your browser.

Finally, patience is required since you may learn audios of low quality, voices with strong accents, or a recording with a noisy background. As previously said, these challenging audios pay higher. ions and prohibitive minimal accounts. You will be able to invest on your own terms now.

№7. Invest in dividend payments

- The oldest passive income idea of investing in stocks with quarterly dividend distributions remains one of the best ways to generate cash without much effort.

Suppose you buy stock in Colgate Palmolive. Not only will the stock price rise over time, but you will also be paid for each share you own. Over the past seven years, Colgate-Palmolive has paid between $0.34 and $0.68 per quarter for each share owned by its shareholders.

You may need to reinvest these dividends, depending on your long-term investing strategy. However, if you're only looking for ways to make money passively, you'll need to bundle the money as well.

When you invest, Ally Invest offers free classes that you can attend. If you need advice from financial advisors, you just need an initial investment of $2,500 and professional support of up to 62 cents a month. Y

№8. Loans Between Individuals

Lending Club - If you want an above-average investment return and want to contribute to a company, you can do both with Lending Club. Lending Club takes your investments and allows people to borrow to start a business, consolidate debt and pay for health care.

Here's how the loan club works:

Open accounts in the Nursing account and transfer a minimum deposit of a minimum of $0.01.
Build your portfolio: Invest in a very variety of loans in increments of simply $25.
Get paid: Receive monthly payments when borrowers pay off their loans
99% of credit club investors with more than 100 portfolios of notes generate positive returns
Reinvest payments or withdrawals

Prosper - Like Lending Club, Prosper is also a peer-to-peer lending group, but with a twist. You can

choose the loans you want to finance and know exactly what your income is.

The yield, in turn, depends on the risk you want to take, but I like the transparency of the platform.

The risk score is displayed for each loan. Low-risk and low-yield AA loans add just over 4% to the high-risk category, which can yield 30% or more.

It also gives you specific information about each loan, including the borrower's usage, life status, repayment period, monthly payments, and interest rate.

This will give you a better idea of your risks and give you better control over your investments.

№9. Start investing with a Robo-Advisor

Wealthfront: Automate your retirement investments with Wealthfront, and your budget will be an electric sander. Robo advisers help to level the playing field by allowing people to employ the same level of power and intelligence as the world's top brokerages.

Robo Advisors, such as Wealthfront, perform a variety of automated tasks such as artificial intelligence, such as portfolio allocation, to diversify risk, reduce the x burden and reduce transaction costs.

You can also manage up to $10,000 XNUMX dollars without paying fees.

Improvement - Betterment was the first robot advisor to hit the market almost a decade ago. You have automated the entire investment process. So you just have to watch your asset portfolio grow (in the long run, of course).

They charge an annual fee of 25% of your account. So, if you have $100,000 $20 that Betterment manages, you'll be spending a little more than XNUMX dollars a month.

Make passive income online

Now we've come to the right place! If you are looking for passive income ideas with unlimited income potential, the Internet offers many opportunities.

Each of these can generate life-changing passive income sources, but all of them will start working. But once you start them, you can free yourself from the gasoline and make a living online while you sleep.

№10. Affiliate Marketing.

You've probably heard of affiliate marketing-when you earn a commission by promoting a product. The product you promote online should be something that you know and value is high quality.

There are a couple of approaches to getting started as an associate degree affiliate. If you have an associate degree affiliate association with a particular corporation (either directly or through an authorized platform like Commission industrial plant, Reward vogue, or ShareASale), you'll check in as an Amazon affiliate.

You need a blog. Here's a simple example:

Suppose I want a commission if someone buys a mattress online. Since most mattress manufacturers pay a 5% commission, and the average price of a good quality bed sold online is about $1,000, I'll make $50 every time someone tells me to recommend buying a bed.

However, I require an internet presence to share my expertise and offer recommendations. A blog is the most sensible place to begin.

A journal can present you with a variety of income opportunities. With affiliate commissions, you may not only generate passive income on the internet, but you can also generate revenue through advertising.

Blog with a website hosted on Hostgator for $2.75 a month.

Find your niche: what to write about (you don't have to be an expert in every field).
Create your own blog with Hostgator (just $2.75 per month).
Create material that will assist readers in resolving an issue.
Create a fan base. Pinterest is a good place to start.
Choose from advertising, affiliate marketing, or products to make money.

№11. Buy a blog that is already making money

If you'd rather skip the startup phase, you can buy a blog that's already established and generate income. This is actually quite easy because many people start a blog and then get bored. Creating a blog is a time-consuming process, and people often give up before they reach their full potential.

Two of my favorite markets to browse for affordable blogs are Flippa and Imperial Flippers.

Passive income according to Empire Flippers

Websites and blogs for sale by Empire Flippers are usually more established and successful. Prices are expected to range from $20,000 to XNUMX million dollars. However, the majority of them have various revenue streams. The benefit is that you may start making money with your website right now.

Flippa's inventory is not as prestigious, but you can find hidden treasures here. It's an auction format, so bid on the website you're interested in. The auction starts at $1. If you're lucky, you can create a blog for as little as $1,000!

№12. Start a YouTube channel.

In January 2018, the rules for earning a YouTube channel changed. However, it remains an option. All you have to do is adjust your strategy.

Previously, practically anybody could make money from their YouTube channels. This indicates you're allowing marketers to post videos (advertisements) at the start of their material. You get money if you receive a particular amount of views.

There are a large number of people that utilize them to create living creatures. Individuals film cosmetic tutorials, vacation guides, and unboxing films - all of which you should think about. Because YouTube is such a well-known site, there is plenty of room to attract the general public into the darkest niche.

To be eligible for this program, you must have at least 1,000 subscribers or 4,000 hours of recognized material every month starting in January.

That means the 19 cents I made in this video is gone in the blink of an eye.

It's not just the little guys like me who sneak in constant updates. Even YouTube's best creators have been unhappy with the changes to YouTube's monetization platform.

It's constantly changing and evolving, so you have to be willing to adapt. It's also a good idea to blog so you don't have to rely on one platform or your income.

I recommend using the aforementioned affiliate strategy. It works just like the affiliate links on your blog. You just add them to your YouTube videos.

№13. Create and sell an online course

Spreadsheets and documents are kept on the clipboard. You could know a lot about the subject. Or perhaps you have a very specialized set of abilities. You've honed your skills over a lengthy career.

Skills that make living in the United States a misery for people like you. Oh, hold on a second. That was Liam Neeson's Taken speech.

I understand that you can create a course that teaches everything from algebra to guitar, starting with a platform like Udemy or understandable. The beauty of this strategy is that once you've created a course, you keep getting paid.

Which platform to choose?

Teachable and Udemy are two of many examples, but they are the most popular, the most intuitive, and the most user-friendly. With Teachable, you have more control over your pricing and the appearance of your course, but you don't get an integrated audience.

Instead, you have to do the marketing yourself. Udemy has an integrated student base, but you don't have much control over them, and they take most of your revenue with them.

The blog gives you all kinds of sources of income. With affiliate commissions, not only can you make passive income online, but you can also make money from advertising.

More information.

Create a free class: all you would like is an Associate in the Nursing email address to induce started.
Upload your content: easily upload videos, audio, presentations, images, and text.
Personalize it: customize your school to match your brand, colors, logos, etc.
Getting started: attracting students and selling courses online

№14. Create an e-commerce site

In addition to my potential income, one of my favorite passive income ideas is to have an e-commerce site that offers wholesale prices on everything.

Most e-commerce websites need a significant amount of time and work, and I have developed several models in this respect. As a result, I'm going to go through all of the advantages and disadvantages of each e-commerce site again:

Sell your product: you make or ship your products

Benefits: you have got complete management and therefore the highest margin of profit.
Disadvantages: it is a heap of labor and infrequently needs important capital.

Sell different people's merchandise: you purchase products from one or additional firms

Benefits: You get a range of merchandise at wholesale costs.
Disadvantages: it is a heap of labor and price-cutting war. It also can be tough to differentiate.

Dropship: If a client orders from you, the manufacturer sends the order.

Pro: You don't have to worry about inventory, and the workload is lower than the models described above
Disadvantages: margins are not as good, and you can't control quality, achievements and the path to purchase.

Place of work: a bit like a blog, but similar to an e-commerce store

Advantages: least amount of work; you don't have to place orders
Disadvantages: I think it's a little risky because people "buy" on your site but then move them elsewhere to make a purchase.

More info.

Create a direct-to-consumer store with Shopify

FREE WEBINAR.

Corey Ferreira, who earned 8,000 sales last year, can teach you a thing or two.
He didn't do inventory, didn't pay for products, and didn't ship anything himself.
Step by step, create your online store.
That way, you can find great products that you can import quickly and sell immediately.

№15. Sell your photos online

Have you ever wondered how to get paid for your photography? It's pretty easy.

Shutterstock s one of the best websites where you can make money from your photos. Since its founding in 2003, Shutterstock has donated more than $500 million to its contributors.

This website may be a passive source of money regardless of your degree of experience due to its popularity and minimal entrance hurdles.

Create an account, upload your photos, and earn money every time a customer uploads your photos. The amount you earn per upload depends on the type of customer who bought the image. When a customer with a monthly subscription uploads your image, you get less than one paying customer specifically for your photo.

Over time, the more you win, the more you may win for each shot.

Conclusion

Finally, you can choose a combination or try them all.

The right way depends on your short- and long-term goals, the time you have, the amount of money you want to earn, and the number of hours you are willing to work.

The easiest methods we talked about at the beginning won't make you rich, but as I said, they require no work at all.

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