5 Ways to Make Money While You Sleep
Whether you’re travelling the word and need a little supplementary income or you’re looking for a side earner to help you escape the merry-go-round that is the 9-5, the first place to start is to find a project or activity that suits you – ideally something you already do. After this, you need to find a way to make it fit into your undoubtedly already busy schedule.
Here, the forex trading experts from Learn to Trade are sharing their advice for ways you can make money while you sleep – and regardless of your skill set, there’s something for everyone!
Build a blog
Whatever the nature of your blog, one of its greatest benefits is that it can be updated at a time that suits you – and content can even be scheduled to go live while you’re lost in the land of nod. In order to earn you money, your blog needs to be the solution to something people want or need.
Use your social channels to promote your content and watch as your followers grow. If this doesn’t sound completely like something that fits what you’re looking for, you could always charge others to write for your blog, add banner adverts or guest post on other people’s sites for a fee. As long as you have something unique to offer, you shouldn’t find this too difficult.
Write an ebook
Again, this one is dependent on a skill set – but if you possess knowledge that other people want, writing an ebook isn’t beyond the realms of your capabilities. Ebooks are fairly easy to sell on platforms like Amazon Kindle, but you could also use your own blog or social channels. If you want an easy way to make money long after the initial work is over, the former is the best option – as you can watch the sales stack up day and night, and look forward to that monthly payout.
If you’re a self-confessed selfie-taker or love nothing more than conjuring up the ideal Insta hashtag, this one’s for you. Becoming a social media influencer is all about having interesting content that people want to engage with – just ask Mrs Hinch! You can use your social platform to promote a talent or skill that you already possess, or alternatively, become a brand representative and reap the rewards that way. The key here is establishing a following that’s big enough to pay attention – but if you already have one foot firmly in the social media game, chances are you have a solid base to start from. And as your audience becomes international, you can keep making money long after you’ve turned in for the night.
Try your hand at trading
If, like many people, you’ve stayed clear from anything to do with trading up until now because you think it would be too complicated to understand, your luck might just be in. With online courses now readily available, you can learn pretty much anything on the internet – so it’s worth having a look around to see if anything catches your eye. Operating worldwide, the forex market in particular offers plenty of flexibility. Trading takes place 24 hours a day for 5 days a week – so your stock can be busy taking care of itself while you get your full eight hours!
Use affiliate marketing
One of the greatest benefits of affiliate marketing is that it doesn’t require huge amounts of your time to be profitable – but you will need someone to promote your services to. It might require some initial legwork to build up your contacts and email list or drum up some interest in your Facebook Lives, but after this, the profits should start rolling in. If you don’t necessarily have a skill set to promote or sell, use your own website and make money through PPS (pay per sale) ads. You could tie this one in with your blog for double the income, without compromising your snooze time in any way!
Whatever your reasons for wanting to make some extra cash, with a little know-how, you really can make money while you sleep!
John James is a content writer for Learn to Trade, the foreign exchange education and learning specialists – offering a range of training courses to help people understand the currency trading market, as well as its opportunities and risks.