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10 Great Ways To Make Money While You Sleep

Joel Brown (Founder of Addicted2Success.com)

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passive Income online while sleeping

Passive income online is something of a holy grail. Everyone wants to “make money as they sleep.” After all, if you can take care of paying the rent without having to spend your time massaging spreadsheets all day, you can do something more worthwhile with your life.

That’s why we are offering you: 10 Great Ways To Make Money While You Sleep.

 

10 Great Ways to Make Passive Income Online

As with any business that a large number of people want to enter, the widely known sources of passive income have enough people entering those markets that you can expect lots of competition. Your success depends on whether or not you are able to jump the various barriers to entry that inevitably appear. Unfortunately, jumping those hurdles can (if you’re not careful) seriously reduce the “passive” side of passive income online. Certainly in the beginning, passive income can make for longer (sometimes much longer) working days than traditional income.

Once income is coming in, you may still need to check on things and put in work to keep it going. The mindset of someone who succeeds in passive income is not that of “get it done and go surfing.” You need the mindset of an investor. Passive income always starts with a significant investment: if you buy real estate, it’s a financial investment. If you want to make passive income online, you’ll almost certainly invest a very significant amount of time.

The process of making passive income online involves three choices:

Your business model
Your niche
Your target market.

Once you know these, you can implement your business idea, test, and repeat until you have the income you want.

For all the noise about income online, the process is remarkably simple. Try not to get distracted by the flashing lights and shiny objects along the way.

 

1 – Build an affiliate blog

Affilliate Online moneySet up a blog, promote the blog, and use it to promote affiliate offers. This is by far the best known way to generate a source of passive income online.

Start with an affiliate site like ClickBank or Commission Junction. Find a few offers in a category that you know a bit about. Ideally offers with some degree of recurring income. Make sure they have good numbers, and do your keyword research to make sure there’s demand. After figuring out what keywords to optimize your blog for, start a new blog and write articles. SEO optimize the blog, and promote it around the web. Once the traffic numbers start going up, deploy some ads for affiliate offers. People click on the ads, and you get paid.

Now repeat the process until you have ten or twenty blogs, or maybe hundreds if you want to make some serious cash online.

 

2 – Put together an auto-responder list

Make Money Online Squeeze PageOne of the Internet’s most common business models. Once you know approximately what kind of market you want to attract, put together a free product or information people can download if they give you their email. Now drive traffic to a “landing page” that asks for the visitors’ email address. You can even install plug-ins nowadays called Squeeze pages that pop up with an e-mail sign up box when people visit your page. This is a great way to build subscribers and a sales funnel to sell to.

Use an auto-responder like aWeber to email your subscribers the link to download the product or quality information you have to offer, and follow-up with a series of (automatically sent) emails. Spread over weeks and months, build some rapport with your subscribers and then try to sell them on any number of products or affiliate offers. Make sure you break it up though, you need to offer something of value and every few mail outs or so you can send them a link to the product you wish to sell them.

 

3 – Create a membership community

Make Money Online Membership CommunityThis is a natural follow-on to the first two methods. If you establish yourself as a worthwhile source of information, you can charge people a membership fee to receive more information or more access. You get recurring income in exchange for your research and time spent producing high-quality content. For truly passive income, you don’t produce the content at all, and instead pay others. Quality control becomes the main challenge then.

Timothy Sykes who is a self-made millionaire through his penny stock trading and membership website has proven that membership communities do work, and very well may I add.

Find out how Timothy Sykes makes a cool $125,000+ per month of passive income online with his membership community.

 

4 – Sell commercial products online

Shopify - Sell Online Make MoneyCustomers are buying products online at an extensive rate nowadays. This means that there are a large number of customers looking for exactly what YOU can supply them with.

Checkout Shopify.com. They supply you with all the tools you need to sell online.

A number of people have proven that this is a great platform to sell products online. Put up a page and promote it. People pay you money. The product gets delivered to them, while you kick back as the money rolls in.

If Shopify is not your thing then you can always try your luck with eBay. You know what they say, “One man’s trash is another man’s treasure”, so scour through your cupboards and sheds  and sell off some of your unwanted treasures.

 

5 – Arbitrage services

middle man make money onlineIf you can find a market willing to pay significant amounts of money for a service (like writing or design), and a source of labor that provides the needed quality for a lower price, you can arbitrage the two. You act as the “middle man”, “the hook up”.

Funnel the expensive work to the cheap source and profit off the difference.

 

6 – Find Sponsors for Articles or Regular Columns

sponsorshipsSome website or blog categories tend to be more popular than others. These can be monetized through sponsorship of a product, logo or mentions of the sponsor.

Try to find a sponsor for the articles that tend to attract the biggest number of visitors. The column can be branded or an ad can appear inside a visible open space of the article. Just note that the article or announcement is sponsored by “so and so company”, not only is this good because you are being honest with your visitors, it also shows other potential advertisers that this as a lucrative and effective option that you offer.

 

7 – Sell your own information product

Make Money Sell Your Own Product OnlineThis is just like selling an eBook, except you publish and sell it yourself (generally) and it can come in the form of an eBook, DVD, software, audio book or VHS video.

When selling your own information product it allows you to keep a higher percentage of the profit. You have greater flexibility with upsells and landing pages compared with selling your products on a 3rd party site, and you can even use this to build your list (see #2), two birds with one stone 😉

 

 

 

8 – MLM / network marketing

Multi Level Marketing - MLMFor people who are willing to put in the time understanding just what MLM (Multi Level Marketing) is. The problem with this approach is that it’s very close to a pyramid scheme. In essence, you make money from signing up people who sell the product. A number of highly reputable entrepreneurs such as Donald Trump & Robert Kiyosaki are big fans of Multi-Level Marketing.

Do your research first and make sure that it is a product line you are familiar with and passionate about selling otherwise you will be wasting your time and your friends and family may laugh at you when you approach them with your sales pitch.

 

9 – Sell advertising

Sell Advertising Online Make MoneyThis is very close to #1, but takes much more traffic. In order to make money while you sleep, the site has to be self-sustaining and self-maintaining, which isn’t the easiest thing to do, but is quite possible.

With enough traffic the advertising revenue becomes passive income.

You will make money while you sleep and the hard work will finally pay off. A good way to look at it is, within the first few months you may be earning around $10 – $20 dollars per day (That’s a McDonald’s meal or a full tank of gas), but as you persist and create new content your traffic will grow and so will your earnings, you may even get to the point where you could be making $100 per day, that’s a new pair of shoes each and every day or a flight to a nearby city of your choice per week.

 

 

10 – Peer to peer lending

peer to peer passive income onlineRisky and capital-intensive, peer-to-peer lending involves lending money to people over the internet — generally to people who can’t get credit any other way.

Peer-to-peer lending is very similar to ordinary investing, except with a different asset class and payoff structure. This one is often a last resort but has proven to make good for those who run things the right way and do their homework before they launch.

 

 

Article By: James Meyer & Joel Brown | Addicted2Success.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 100 million lives in the last 6 and a half years.

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62 Comments

62 Comments

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    Jul 4, 2018 at 1:27 am

    Classic! All on the list still works till today mostly Affiliate Marketing because i have earned over $1000 per day with it. and i started barely two months ago. Nice content!

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Success Advice

3 Areas You Should Focus on to Become a Great Leader

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Having listened to all of our stakeholders and being fully aware of the situation, spring is a good time to conduct a quarterly review to see exactly where we are in order. This helps us have a clear starting point to re-adjust our goals for the coming year.

One of the main problems tends to be that we look back at the things we haven’t done and where we didn’t get the results we intended. Because of this, we get ourselves in a state of anxiety which is hardly a resourceful state for setting positive goals.

A better approach is to be nice to ourselves. Have a look back over the last three months and check all the things you have achieved. Give yourself a treat for all of the things you planned to achieve and did. They may be something as simple as maintaining a to-do list or smiling more.

Afterwards, think of all the things you achieved which weren’t planned and congratulate yourself on your flexibility and creativity; for the person with the greatest flexibility of behaviour controls the outcomes.

For those results that weren’t as you intended, remind yourself that we all make the correct choice at the time we make it. We don’t deliberately make the wrong choices and whatever the outcome, there’s always a positive intention. There’s no failure, only feedback, and we learn more from our failures than we do our successes.

“Be good to yourself. Listen to your body, to your heart. We’re very hard on ourselves, and we’re always feeling like we’re not doing enough. It’s a terribly hard job.” – Marcia Wallace

Look to yourself

It is vital, especially for sole proprietors or owner/managers, to manage themselves in order to be fit, healthy, and relatively happy. Evidence points to a clear relationship between our moods and assorted aspects of job performance such as decision-making, creativity, teamwork, negotiation and leadership.

While success may put us in a good mood, an organisation that sees the glass as half full rather than half empty, stands a better chance in these difficult times.

Depressed individuals will always see the glass as half-empty and even rapidly emptying. This attitude saps energy and leaves those affected feeling worthless, helpless, and hopeless. In its worst case, depression can impair the ability to communicate and it’s not hard to see the organisational parallels.

Below are three elements within all of us that need to be taken care of:

1. Your mind

The key to a healthy mind is variety, so take an interest in other people, things, events and current affairs. Adopting an open and curious mindset allows us to see future possibilities and hence be more empowered.

2. Your body

A healthy body requires a solid routine. Ensure you eat and drink healthy products (especially water) and get plenty of rest and exercise. Knowing our own limitations and taking action to stay within them ensures we operate at our best.

3. Your spirit

Much has been written about feeding or maintaining the spirit but I believe there is one simple rule. Believe in something that is true to you and spend time each day with your true beliefs. Solitude is the nurse of enthusiasm and is as needful to the imagination as friends are to our character.

“Never get so busy making a living that you forget to make a life.” – Dolly Parton

Beyond individual performance, there are broader issues at stake. None of us are islands, happy in our own little depressed world. Moods, good or bad, are infectious and some people or positions can have a greater ripple effect than others. If a shy apprentice has a gloomy outlook, few may notice. But if people like the owner/manager are wandering around looking like the end of the world is coming, that can directly affect team spirit.

Water bearer or well poisoner

So what can the organisation do? Firstly, as individuals, we must show a positive and upbeat demeanor. That’s not easy and faking it will easily be spotted as the deception will be transparent. This isn’t unauthentic, but merely an attempt to empower ourselves.

Congruent leadership offers the means to put into words what it is you are experiencing with the person in order so your behaviour is consistent with your own values and beliefs such that you always appear to be what you desire to be.

Your mood as a leader then is highly contagious. Even though leaders or opinion formers aren’t always in leadership positions, they’re at the centre of informal networks. They have charisma and magnetism, possess strong opinions, and express them forcefully. Therefore, they have considerable social power and can have a direct effect on morale by being a water bearer or well poisoner. Which are you today?

What resonated most with you about this article and leadership? Share your thoughts below!

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Success Advice

The 6 Step Process for Delivering Critical Feedback in a Constructive Way

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We have all been in the position where we knew we needed to have a difficult conversation at work that involved delivering constructive feedback. Maybe a major deadline was missed, there was a clear decline in performance, or someone blatantly dropped the ball. Most of us avoid delivering the feedback, and the conversation can get pushed back again and again, wasting valuable time and money.

Delivering constructive feedback is challenging, and uncomfortable for most people, even highly trained leaders. Yet, delivering and accepting feedback is one of the most important keys for success. So why do we avoid these conversations? Because we never learned how to have them.

Open, honest, direct communication is not a skill we are taught in school. There is no “How to Have Tough Conversations” 101. As a clinical psychologist that specializes in couples work, I see just how important communication is in maintaining thriving relationships. I understand that good communication is the foundation of every successful relationship; both intimate relationships and your work relationships.

Below is a 6-step guide to providing constructive feedback:

Step 1: Clarity on the Goal of the Conversation  

The first step is to get clear on the goal of the feedback conversation. Are you planning to see a change in performance, simply communicate how you felt, or receive an apology? Get clear on what you are hoping to get out of the conversation. Be honest with yourself about what you need, what is most helpful to the relationship, and what is most helpful to the organization. Getting clear on the goal also ensures you are speaking with the right person.

“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk

Step 2: Invitation

Set up a time to talk. Feedback conversations are not meant to be had in the hallway. It is important that both parties can set aside adequate time and have the space needed for dialogue. Additionally, there must be respect for both parties’ need for time to process information. For example, if you are delivering feedback, and the receiver needs time to process the feedback before responding, setting up a subsequent meeting will be most helpful.

Step 3: Ownership

Own the role you played in creating the situation. When you model ownership of blind spots, failures, or missteps, you set the stage for the receiver to do the same. For example, you may acknowledge that you were not aware of how to support your employee and not aware of the problem until x situation occurred. Equally important as owning your role, is owning your emotions. Own your emotions using “I” statements. For example, “I felt disappointed when I realized your sales performance had substantially declined”.

Step 4: Open, Honest, Direct Feedback

Feedback that dances around the problem does not do anyone any good. It only increases anxiety on behalf of the receiver, and potentially causes the feedback to get totally lost. The conversation needs to be open, honest, and direct. For example: “I felt concerned when you did not attend the last two strategy calls this month…It brought up questions for me about your commitment to the company.”

Step 5: Listen, Validate and Accept

When providing feedback, it is important both parties maintain an open mind, and respond in a way that communicates validation and acceptance. As soon as an individual gets defensive, feedback cannot be taken in, and the value of the conversation dramatically decreases. When providing feedback it is important to listen, validate, and accept your receiver’s viewpoint. Notice, I did not say agree. This looks something like saying: “I can see why X led you to commit Y , I understand you were under a great deal of stress/dealing with a personal situation/frustrated.”

“We all need people who will give us feedback. That’s how we improve.” – Bill Gates

Step 6: A Clear Plan for Moving Forward

In providing feedback, the magic is that now things can change! If feedback is never given, relationships end, things will stay the same, businesses will die, and money will be lost. If you have gotten to this step, that means you did the hard work, and now you get to put change into action. A clear plan includes an acknowledgement from both parties regarding what they will do differently to prevent the situation from occurring again, and how they will stay accountable in making the change happen.

The good news about delivering feedback is that the more you do it, the easier it gets. Remember, giving and receiving feedback is one of the most surefire ways to open yourself up to massive growth.

As a giver of feedback, it is your job to model openness and a desire for growth, so that the receiver may take in the feedback and make the necessary changes. Exceling at feedback delivery will help you set you apart from others and enable you to achieve extraordinary relationships, in both your personal and work lives.

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Success Advice

Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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Success Advice

5 Essential Skills to Drive Success in Every Niche

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There are many people who don’t have the courage to launch a business in a niche as they think they don’t have the right skills and experience to obtain success. While there are specific skills which determine the success in every niche, there are also some general skills which ensure success in any business you would try.

Below are 5 essential skills you need to drive success in every aspect of your life:

1. Ambition

When you launch a new business, you need to be prepared for difficult moments such as fighting the competition and winning your target audience. Moreover, if you follow some successful entrepreneurs, you should keep in mind that they also faced difficulties and continue to experience them. So, how does a successful entrepreneur get over all the difficulties?

The essential skill you need to possess is called ambition. Set small and clear milestones in your development plan and use your ambition to go over each difficulty and finalize what you had in your mind. It doesn’t matter how hard the path is going to be. Visualize your target and put in all the efforts to achieve it. Staying organized and scheduling each step to get things done are some of the techniques you can use to achieve success.

2. Listen to those around you

While listening to your instincts is necessary if you want to be a successful entrepreneur, this is not enough. As your business develops, you will have an entire team to manage and lead to success. Therefore, you cannot be a successful leader and have success in every niche unless you learn how to listen to the people around you.

You should listen to your employees and discover what they are expecting from you. This is the way to follow if you want to keep your team motivated and help them give the best of themselves.

On the other hand, you will need to listen to your customers to improve your products and services and provide excellent customer support. By listening carefully to the voice of your customers, you will be able to stand out of the competition and ensure their loyalty towards your brand.

“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” – Jeff Bezos

3. Courage

When you decided to become an entrepreneur and build your own business, it means you are a courageous person. Courage will help you harness the power of creativity. Don’t be afraid to take risks if you feel a specific action will bring more success to your business.

Apart from doing intensive research on your ideas and developing the exact steps you are going to follow, you will need the courage to implement them. Not all the ideas will turn out to be successful.

Regardless, you will have something to learn from each success or mistake and this will help you move your business even further. When you have the courage to follow a path which is not very familiar to you, this is going to be the moment when you will widen your horizons and exceed your limits to achieve success.

4. Creativity and imagination

If you already implemented your idea and you see that it works, you most probably think that you don’t need to change anything to achieve more success. You need to keep in mind that customers’ preferences change and your competition is waiting for your mistakes to “steal” your clients.

Therefore, you need to use your creativity and imagination to improve your products and services to meet your customers’ expectations. What is more, creativity can also mean that you are open to talk to new people and use their experience to improve something in your business.

“Get closer than ever to your customers. So close that you tell them what they need well before they realize it themselves.” – Steve Jobs

5. Continuous learning

If you want to drive success in every niche you will need to show a willingness to learn. You need to stay updated with what happens in your niche and what your customers expect from you.

Education is not only something for school. It is a lifelong process, and you should be open to seek knowledge and improve your skills with every opportunity. An efficient trick is to stay close to people who are already successful in your industry, ask their opinions on various subjects and learn from their experience.

The above five essential skills will help you build a successful business in every niche. A true leader is ambitious, knows to listen to the people around him, and is always open to learning from others.

No matter the size of your business, you will need to be creative and use your imagination to improve your products and services. These skills will help any leader develop new skills, stand out of the crowd, and strengthen his position on the market.

What skill do you think is most important to be successful in life? Let us know below!

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