How to Set up Passive Revenue to Make Money in Your Sleep

How to Set up Passive Revenue to Make Money in Your Sleep

The fact of the matter is that working the traditional nine to five job constricts you to only making money during those times. You could say you’re merely trading your time for money. While there’s nothing wrong with that, there are many options at your disposal to increase your earning potential.

Thanks to the Internet’s power and advancements in technology, creating a passive revenue stream is easier than you might believe. Making money while you sleep is just as cliche as saying that if it were easy, everyone would do it, yet both statements are true.


How to Make Money on the Internet

The first step in reaching this dream is to start, but where can you begin? Let’s take a look at a few options for you to get the ball rolling.


Start a Blog and Promote Affiliate Products

Creating a blog is a brilliant way to specialize in a niche that you enjoy and make money in your sleep. The first step involves setting up a website for you to upload your content. If you have no idea how to write the code for a web page, try out Webflow or WordPress.

Once you’re set up and have decided on a niche, it’s time to start promoting. Think of some products that relate to your blog’s content and incorporate them into your writing. Your readers trust your judgment, so make sure you only promote products you trust.

Finally, insert your affiliate links to the particular products you’re promoting. This makes it easy for the reader to navigate to the affiliate company’s website. It also tells the company who sent the prospective client their way. This is important, as it’s how the company calculates your commission.


Create a Youtube Channel

One of the best ways of making money online is through platforms like Youtube. There are many benefits to creating content on this platform the most obvious is to share your passion with the world. What’s more, you could even find yourself looking forward to your workday.

YouTubers earn money through advertising, donations, and sponsorships. The biggest hurdle to starting a Youtube channel is that it can take months before you gain any traction. If you manage to push through and learn more about your craft, you’ll be on your way to creating passive revenue in your sleep.

You can then double up and start promoting a product or service on your channel. Set up an affiliate link with the product’s company and paste that link in your video’s description. That way, when a viewer wants to know more, they simply click the link and go to the company’s online store.


Put Together a Product Comparison Site

Another reliable way to set up affiliate marketing is through product comparisons and reviews. Similar to blogging, it’s advised that you focus on a particular market rather than stretching yourself over many.

Once you’re set up, you can start placing product reviews on your site and pasting your affiliate link under the specific item. When a prospective client isn’t sure which product to choose, a handy comparison tool will help seal the deal.


Final Thoughts

There are many ways to start making money on the side. The Internet has opened numerous doors all you need to do is give it a shot. Sharing a skill or a passion with the world won’t just benefit you mentally, but you can potentially make money while you sleep.