AFFILIATE MARKETING

25 Tried & True Methods in 2023

Published

2 years ago

February 10, 2023

Want to learn how to make money while you sleep? Look no further.

We’ve compiled some of the best and most interesting ways to make money while you sleep, both online and offline.

From relatively simple and blasé to totally bizarre, keep this list handy if you want to start making money any time of day or night.

How to Make Money While You Sleep

The internet is ripe with ways to start making money at any time of day. Here are 25 of the top passive income ideas to cash in while you’re nappin’.

1. Create a Niche Website

One of the best ways to make money while you sleep is to create a niche website.

Depending on the amount of work you put in at the beginning, niche websites have the potential to earn anywhere from a few hundred dollars a month to well over 6 to 7 figures a year!

And we put together a popular and free guide for how to build a successful niche website here!

You can also get great value from the awesome step-by-step video walkthrough of the Authority Site System (TASS) by the industry experts at Authority Hacker.

2. Start Affiliate Marketing

Affiliate marketing is an excellent way to start making money while you sleep. This is a business where you earn a commission for recommending products for sale.

There are many ways to do it, and some options can have a pretty quick payoff. Here’s how to do it.

Pick a niche.
Sign up for affiliate programs.
Create content in the niche and promote the products.
Send interested parties to the product sales page with your affiliate link.

If you want to see results with this as fast as possible, TikTok is a great place to start. This can be a passive income stream once it gets going!

For more ideas, check out our list of 13 ways to start affiliate marketing with no money invested!

3. Try Amazon FBA

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FBA stands for ‘Fulfillment by Amazon’. This is an online business model where you sell products directly on the Amazon marketplace. You purchase the product, ship it to Amazon’s warehouses, and list it on the marketplace.

Then, sit back and relax while you earn passive income while you sleep with Amazon FBA.

And check out this full guide to growing an Amazon FBA business based on a real success story here.

4. Self-Publish on Amazon

Did you know you can self-publish books of all kinds on Amazon and make money while you sleep? You don’t even have to be a writer! You can hire a writer or sell low and no-content books like journals and notebooks. Publishing on Amazon can be insanely profitable!

Luckily we have a walkthrough on how to self-publish a book on Amazon here.

5. Sell an Online Course

One of the coolest ways to make money while you sleep is to create and sell an online course. You literally get paid for your niche knowledge at all hours of the day!

Online courses are a great way to earn passive income. Once you create the course, it can sell on autopilot with the help of ads, automated webinars, SEO, and social media. And we have a full guide on how to build an online course to help you get started!

6. Sell Printables and Digital Downloads on Etsy

Etsy is one of the leading online marketplaces, and digital downloads are a hot seller.

You can create and sell printables and digital downloads on Etsy and have the potential for massive earnings! Sasha Hutchinson earns $11k per month using this business model.

You too can learn how to sell digital downloads on Etsy here.

Pro tip: you don’t even have to create the products yourself. Outsource it to Fiverr!

7. Try Your Hand at Dropshipping

Dropshipping has been hot for several years for a reason: it’s a great way to earn passive income while you sleep. You don’t have to worry about shipping or fulfillment because you just act as a middleman.

This process involves selling goods directly from the manufacturer at a markup, and you keep the extra profit!

And even if you have no money you can learn how to start a dropshipping business here!

8. Start a YouTube Channel

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Starting a YouTube channel can be a great way to make money while you’re asleep or at any time of day. Aside from earning passive income from YouTube ads, you can monetize your channel in many ways (just make sure you how to find the right YouTube niche).

Ideas for monetizing your channel include selling merch, affiliate marketing, selling your own products, online courses, and more.

9. Start Investing Your Extra Cash

Contrary to popular belief, you don’t have to be a millionaire to start investing and seeing results. You can start investing in the stock market with pocket change!

The only thing you need to get started as an investor is to literally just get started… And there are many apps and websites out there to help you get started fast!

You can get started with real estate investment trusts (REITs) with a minimum investment of $1,000. Or you can try investing in the stock market!

Acorns is a mobile app that seamlessly (and safely) integrates with your bank account and starts investing your spare change from purchases in the stock market. You are in total control of the amount and how often!

10. Invest in Websites

Yes, investing in websites is a thing, and it can be a pretty popular thing to do, too. If you have a big chunk of change, you can purchase a website that is already making money. This is a great way to start making money while you sleep almost instantly.

You can purchase a legit website of any age that’s already earning cash on marketplaces like MotionInvest.

11. Open a High-Yield Savings Account

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A high-yield savings account is an account that offers a higher interest rate than a traditional savings account. Ally bank, SoFi, and Capital One are all well-known banks that offer high-yield savings accounts.

While this idea won’t make you rich overnight or without a large amount in savings, it is a good idea for those who don’t want to try riskier investment options.

12. Rent Out Your Extra Room

Do you have an extra room or living space on your property? Rent it out to travelers or local renters to earn some extra money via rental income!

While this option involves trusting strangers in your personal space, it can be a great way to earn extra money if you have space available.

13. Rent Out Your Vehicle or RV

If you have a vehicle or camper that you don’t use that often, why not rent it out to make some extra money?

Turo is a legit peer-to-peer car sharing platform that works similar to AirBnB. If you have a camper or RV, you can rent it out on platforms like Outdoorsy or RVShare.

14. Make Money By Live Streaming While You Sleep

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This is bizarre but it’s totally legit and people do it every single day. Live streaming while you sleep to earn money from sleeping might seem absurd, but it works!

People on streaming platforms like Twitch and TikTok are literally streaming themselves sleeping and earning money from viewers. Viewers can pay to play sounds to wake the “Sleepfluencers” up, or send gifts that have monetary value for the streamer.

Learn more about sleep streaming here on Sleeopolis.

15. Sell Your Photos on Stock Photo Websites

Phone cameras have the ability to take incredibly high-quality photos these days.

If you have an eye for photography and a phone full of photos, upload them to stock photo website to earn extra money every time someone downloads them!

And you guessed it! We have a guide to help you sell pictures online here!

16. Create and Sell Your Own SaaS

SaaS is “Software as a Service”, and creating and selling SaaS is a great way to make money while you sleep. Spencer Haws, founder of Niche Pursuits, is a great example on creating SaaS businesses without having to create the software himself.

Creating a software business is a great way to start making money or to add as an extra passive income stream to your own business or website.

You can even start a successful software business as a non-technical founder as described from experience.

17. Sell Print-On-Demand Products

Print-on-demand or POD is a business model where you sell products with your own graphics and designs on them. When a customer buys, the POD company prints the product and ships it to the customer directly, and you keep the profit.

You don’t even have to be a designer… There are many marketplaces where you can buy POD designs! Popular products include T-shirts, coffee mugs, tote bags, and more.

Not sure how to do it?

Learn how to start a t-shirt business from home here!

18. Sell WordPress Themes

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If you have an eye for UX and love creating custom WordPress themes, you can sell them on marketplaces like Etsy and Creative Market.

Bloggers and new website owners love aesthetically pleasing themes, simple to install, and fast. Popular themes for designing on include Astra, Kadence, and GeneratePress.

19. Sell POD Designs

If you’re a designer or love to draw, you can earn money selling the designs for print-on-demand sellers. There is a high demand for high-quality, unique designs for POD sellers.

You can sell your designs on platforms like Fiverr, Dribbble, Creative Fabrica, and Creative Market.

20. Resell PLR Products

PLR stands for Private Label Rights. PLR products are pre-made products like ebooks, articles, notebooks, planners, and online courses that you can purchase and legally resell as your own. The beauty of this business model is that you have to do minimal work to get started, and it’s pretty passive once you get going!

High-quality PLR sites include White Label Perks, Piggy Makes Bank, and PLR.me.

21. Sell Notion Templates

Notion is an organization and project planning powerhouse, and Notion templates sell like hotcakes! Since Notion has so many capabilities, you can create dozens of template types for many different uses. You can sell Notion templates on platforms like Etsy, Creative Market, and the Notion Template Gallery.

22. Start a Vending Machine Business

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A vending machine business might not be the first thought that comes to mind to make some extra money, but it can be incredibly lucrative.

If you want to learn how to make money while you sleep with an offline business, check out this article on how to start a vending machine business.

23. Start a Membership Website

A membership site is a great way to start a money-making website right away. This is a type of subscription website where people have to pay to view the content. Ideas for membership websites include online courses, software, coaching, and more.

With a membership site you can charge less than you would for an online course, but you’ll have subscribers that pay you every single month to keep their access.

24. Flip Websites

Flipping websites for profit can be a great side hustle that can earn you money while you sleep. While this method does create work to create the websites, there are a couple ways you can make money with it.

First, you can earn money from the websites from advertising and affiliate revenue, which comes in passively with traffic. These passive income streams can earn even more money once you sell them! Once you list the website for sale on a marketplace, it can sell any time – day or night.

25. Get Paid to Sleep (Literally) By Becoming a Mattress Tester

Last but not least, you can get paid to literally sleep as a mattress or bed tester. Occasionally, mattress companies hire professional bed testers to spend a significant amount of time relaxing and napping on their mattresses for a paycheck. One company offers a salary of $33k per year for sleeping on their beds!

That’s right: a passive income stream just from sleeping.

But that’s not the only way to become a mattress tester – you could start a mattress review website, TikTok, or YouTube channel and start earning commissions from reviewing and recommending mattresses!

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AFFILIATE MARKETING

Expand Your Global Reach With Babbel, on Sale for More Than 60% Off

Published

11 hours ago

October 12, 2024

Entireweb News Bot

Expand Your Global Reach With Babbel, on Sale for More Than 60% Off

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Want to break language barriers and expand your business network? Babbel’s lifetime subscription has you covered with access to 14 languages, perfect for anyone looking to boost their business communication.

With no recurring fees, you’ll pay $179.97 (sale ending October 20) for a resource that sticks with you for life, helping you build relationships and navigate new markets with confidence.

Babbel offers bite-size lessons that fit right into your schedule. Each session takes about 10 to 15 minutes, making it easy to squeeze in language-learning between meetings or on your commute. And with its speech-recognition technology, Babbel gives instant feedback on your pronunciation, so you’re prepared to speak like a pro when connecting with international clients.

From Spanish and French to less commonly studied languages like Turkish, Babbel’s got you covered. The short, interactive lessons focus on practical conversation, so you’re learning words and phrases that you can actually use in real business situations. Plus, Babbel’s course content is updated regularly, meaning you’ll always have access to fresh lessons and content as your skills grow.

With Babbel, you’re not just picking up phrases; you’re gaining tools to communicate effectively across cultures. Not to mention, it’s a one-time investment that pays off for years to come.

Get ready to take your business skills global with a lifetime subscription to Babbel Language Learning for $179.97 until October 20 at 11:59 p.m. Pacific.

StackSocial prices subject to change.

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AFFILIATE MARKETING

The Cities and States Where Side Hustles Could Earn the Most

Published

1 day ago

October 11, 2024

Entireweb News Bot

The Cities and States Where Side Hustles Could Earn the Most

More than half (54%) of Americans say they’ve started a side hustle to supplement their primary source of income in the last 12 months, according to a survey from MarketWatch Guides.

Although there’s no shortage of potential opportunities — side hustles can span teaching online to cleaning barbecues, creating digital products and so much more — one doesn’t necessarily have the same earning power as the next.

Choosing a side hustle is one crucial piece of the puzzle — but where you decide to start it is another that might make or break your success.

So where in the U.S. do side hustlers have the greatest earning potential?

The team at SideHustles.com conducted a study to find out, analyzing data from the Bureau of Labor Statistics’ American Community Survey to determine which states and cities have the highest percentage of residents earning self-employment income and their average earnings.

Households in North Dakota, New Jersey and Connecticut earn the most from self-employment income, at $60,221, $55,748 and $55,192, per the data from SideHustle.com.

Lake Charles, Louisiana, has the highest average self-employment earnings at $179,080 per household, followed by San Tan Valley, Arizona ($141,459) and Upland, California ($130,291), the analysis found.

Read on to see the top five cities and states where people earn the most, on average, from self-employment income, according to the study:

Top five cities where self-employed earn the most

Lake Charles, Louisiana: $179,080
San Tan Valley, Arizona: $141,459
Upland, California: $130,291
Newton, Massachusetts: $118,527
Bethesda, Maryland: $110,573

Top five states where self-employed earn the most

North Dakota: $60,221
New Jersey: $55,748
Connecticut: $55,192
Massachusetts: $54,712
California: $53,639

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AFFILIATE MARKETING

I Lead a Company Built Through Decades of Acquisitions. Here’s a Key to Making Them Successful

Published

2 days ago

October 10, 2024

Entireweb News Bot

I Lead a Company Built Through Decades of Acquisitions. Here's a Key to Making Them Successful

Opinions expressed by Entrepreneur contributors are their own.

Despite the fanfare that often accompanies acquisitions, the reality is that about 80% fail to achieve their desired objectives.

After all, there’s a lot that can go wrong. Inadequate due diligence. Overvaluation. Poor integration planning and execution. A failure to retain employees from the new company.

And yet, businesses spend more than $2 trillion on acquisitions annually. Why? It’s often unrealistic for a company to build all that’s needed to reach its strategic goals fast enough to remain competitive. An acquisition, however, presents an opportunity to quickly expand a business’s ecosystem, tapping into new relationships, distribution channels, products and innovations.

I lead an entertainment technology company — composed of iconic brands like TiVo and DTS — that has grown our ecosystem through 15 acquisitions in the last decade alone. What has the experience taught me?

The success of an acquisition is about more than the nuts and bolts of the deal itself; you’re not just buying a technology, product or service to tack onto your company offerings. You’re also gaining institutional knowledge and bringing thought leaders on board who could help steer your business.

I believe one of the most critical aspects of an acquisition’s success is too often overlooked: the people. Here’s what I’ve learned about how they can be the difference-makers in the lead-up to and aftermath of a deal.

The “why” has to include the “who”

Sure, pre-deal due diligence involves evaluating the potential profits and risks of an acquisition. But it also requires searching for leaders, along with the systems and cultures they’ve developed, that are likely to contribute to your company’s growth.

In dynamic industries like tech, companies often need to pivot to remain competitive. That means it’s essential to ask this question when evaluating incoming leaders: Whose strategic thinking, leadership skills and decision-making style do you want on your side, even if you end up shifting them to new areas in the future?

We learned the importance of this consideration from an early acquisition. The technology we’d bought eventually became outdated, but that CEO has remained an instrumental member of our leadership suite for more than a decade, and an acquired team under his leadership has transitioned to form the foundation of one the most exciting arms of our business: our connected car platform.

Once you’ve found a company with the resources and people that will likely benefit your business and conditions enable sensible valuations, developing an integration plan before the deal closes is imperative.

We accomplish this by identifying change champions — committed leaders who are strong communicators, open to feedback, adaptable, resilient and collaborative — from both companies to rally our people. Then, we create detailed checklists for the first year or more, often including thousands of line items from assigning desks to implementing training events, all to move us swiftly toward our goals of a fully integrated team and business asset.

Use it as an opportunity to reimagine culture

Many people see an acquisition as an opportunity to innovate — adding and evolving products and developing strategies for new markets. One thing they often overlook, though, is the chance to innovate company culture. Specifically, to pick and choose the best of both of what the companies are doing to establish a new normal.

Often, the default assumption is that the acquiring company’s culture will remain dominant. But that can sometimes be a mistake.

Many times, bringing two companies together and fusing their resources and operations creates an entirely new company — one that may benefit from a cultural change.

For example, following a merger, we realized our previous corporate values no longer accurately reflected the new company. So we reset them. It wasn’t always easy: It took a long-term project involving employee input throughout. It also required objectivity at the leadership level to stay open to new ways of working and communicating. However, the initiative resulted in a set of values that more meaningfully illustrated our evolved mission and culture and set us on a path toward greater success.

Move as quickly and transparently as possible

A deal closing can feel like crossing the finish line for those overseeing it. But when you look over your shoulder, you see that most employees are just lining up at the start. The real marathon begins after the closing: It takes steady work to get the rest of the company across the finish line to reap the anticipated gains of the deal.

We’ve found that approaching this integration process with a focus on urgency, sensitivity and transparency is key to retaining as many employees as possible, along with the crucial institutional knowledge and skills they hold.

This means we work fast to communicate our plan openly and honestly. For instance, within 45 days of a recent acquisition, we got leaders physically in front of 80% of the team. This approach aims to mitigate uncertainty by laying out plans and providing clarity on roles and opportunities. Research shows that transparency can engender trust, so when the answer to a question is, “We don’t know yet,” leaders should prioritize being upfront about that.

We also expressed empathy. Acknowledging that it’s natural to feel anxious about uncertainty and change is important to build morale during a time of transition.

About a third of employees from an acquired company tend to leave within the first year due to uncertainty or culture clashes. But time and time again, we’ve seen that a deliberate process has helped to improve on this trend. While it’s not always possible for all employees to stay on, voluntary turnover within a year of our last two acquisitions was just 15%.

Defining success

There are many ways to define a successful acquisition: meeting financial goals, expanding relationships or staking a hold in new markets. We’ve seen this firsthand. For example, strategic acquisitions have allowed our business to significantly amplify our global footprint of streaming devices and open up new monetization opportunities.

While these elements are critically important, we view success even more broadly. It also means our team feels they’re continuously working toward a worthy goal. And viewing people as vital to the success of an acquisition has helped us to assemble a team prepared and motivated to do just that: deliver innovative, extraordinary experiences to our customers.

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