How many times have you daydreamed about answering to nobody but yourself? No more performance reviews. No more conforming to someone else’s vision or demands. Today I am going to talk about 5 ways that you can make money while you sleep that you can make that dream a reality.
Today I am going to talk about 5 ways that you can make money while you sleep. Let’s begin the countdown.
#5- Start a Dropship Website
A dropshipping business is where YOU, as the seller, sell goods to your customer without holding any inventory. The customer purchases an item from your online store, such as eBay or Amazon, at retail price. You then forward the order to your supplier, which you pay the wholesale price. Once your supplier receives the order, they ship the item directly to the customer while you earn the profit margin. A popular site to use to get started are sites like Esty or Wholesale2b. You are serving the middle man, stores and websites do it all the time!
#4- Start a YouTube Channel
Many regular people have become millionaires simply by making and uploading videos on YouTube. You make money from the ads that appear on the site. All you need is a niche and a camera (a cell phone will work just fine for a beginner). The best thing is once you post a video it will continue to make you money as long as you keep it posted on the platform. Want to see for yourself, check out this website called Social Blade and you can see what various YouTubers are making on their channels.
#3- Start a Vending-Machine Business
A vending-machine business requires little effort and a great passive income. Of course, you have to work with the location, but within reason you can make your “rounds” whenever you want. With technologically advanced machines you can remotely monitor product stock levels, maintenance needs, and cash flow. For it to be successful, though, you need to place your vending machines in the right spots and stock them with goodies that the customers would want. Wholesale stores such as Costco and Sam’s Club are great places to purchase your goodies.
#2- Rent Out Property
Thanks to Airbnb, you can rent out your home while on vacation or your vacation home when not in use. You can also rent out your garage, parking space, or unused office space. It’s a nice supplemental income without really doing anything except placing an ad. You’re in full control of your availability, prices, house rules, and how you interact with guests.
How it works. List your property. Set available dates and pricing. Select guest. Get paid!
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