You’ve heard about it, and you know people who have one.
Have you got yours yet?
Because… unless you’re making money 24 hours a day, seven days a week, how are you ever going to survive this cut-throat world?
Gone are the days in which you had to put in a 9-5 at the office to make a buck.
The Internet has made it possible to earn money in dozens of ways that don’t involve you actually doing anything. Affiliate marketing, ebooks, drop shipping, online courses, blogging…
And if you’re no good at any of those things, never fear: there are infinite other ways to earn money.
While you sleep. Or, if you prefer, while you drink cocktails aboard a yacht in the Caribbean.
Don’t believe us?
“The Daily 15-Minute Time Hack (Back By Solid Science) to
Create a 6 (or 7) Figure Business In 90 Days Or Less“
(Without Working Your Butt Off Or Hiring A Bunch Of People)
Here’s what we’re going to cover:
Secret #1: The Productivity Paradox:
How “Productivity” And “Hustling” Are Actually Killing Your Business…And Why Almost Everything You’re Currently Doing Won’t Make You Money….Ever
Secret #2: The “3-Word Phrase”:
Find out the 3 Simple Words My Mentor Shared With Me That Shot My Income From $138/week to $10,300/mo, 8 Days Later. (This Is GUARANTEED To Make You Money EVERY Time You Do It)
Secret #3: The “X” Factor:
Real Life Case Studies That Make My Clients As Much As $64,000 in One Hour….Then, Copy And Paste The Exact Same Formula So You Can Get Instant Results In Your Business.
Well, we talked to the people who are doing exactly that – and this is what they had to say.
Not so long ago, the most common way to make a passive income was through real estate investment.
Okay, that’s still pretty common.
But, if you missed the bus on buying property when it was actually affordable, this kind of investment might not be an option for you.
Fortunately, the internet has opened up a whole new world of making money while you sleep.
You do, in most cases, have to invest a bit of time automating your work processes. But once you’ve got that process sorted, everything will follow.
In fact, as long as you’ve got a computer (or other device), an internet connection, and a hunger for opportunity, the possibilities are endless.
Here are just a few examples of what you could make your ‘side hustle:
Teaching online. English, IT, cooking, yoga, knitting… whatever!
Writing ebooks. What topics do you know more about than others?
Building and developing websites. The demand for good website design is set to grow every year.
Blogging. These days, anyone can be an author. Find a topic that generates interest and you’re away.
Once you’ve figured out how you’re going to make money, your next step is to automate it. This can be a bit challenging, especially if you’re new to IT. But this is what will give you the ability to generate an income while you’re off doing other things.
- Use automated sales, marketing and chatbots.
You probably know how to outsource marketing, sales and customer care to other staff, or use software such as ManyChat.
But there’s an easier way. And it’ll save you time and money.
Chatbots are one of the most effective ways to provide 24-hour customer service. The technology behind chatbots is now much more efficient, and creating your own can be done with a simple chatbot-building platform (even if you don’t understand coding!)
Chatbots are now clever enough to take customer orders 24/7 and answer queries from messenger, comments, and posts. They can also be integrated with most major payment platforms and drive personalized promotions and deals on demand.
- Make yourself heard as a brand.
Obviously, promoting your brand is essential to success. Your chatbot will take care of some marketing tasks, but you’ll still need to work on getting your brand out there where it can be seen and heard.
After all, you want customers to know that you’re a trustworthy, respectable and reliable figurehead in your industry.
You can achieve this by spreading the word – literally. Create informational products for your audience such as books, podcasts, and a blog. Sure, it’ll take time to create this sort of material, but after that all you have to do is market it. And watch the dollars roll in.
- Streamline your outputs.
While it’s tempting to think you can do everything, it’s just not possible – especially in the beginning.
To successfully automate your business operations and perform to the best of your ability, you need to simplify your outputs.
To do this, think hard about what you really want to offer your customers. A complex variety of products and services may sound like a good idea, but the logistics will be a nightmare.
Instead, narrow things down to say, four or five. Choose the things you do best, and work from there.
Dunkin Donuts, for example, offers donuts, hot bread and drinks. That’s it. This kind of simplicity has allowed the brand to grow on a global scale.
- Create a product that’s timeless.
How many products can you name that were ‘all the rage’ for a season and then disappeared forever?
Create a business that provides a product or service that will never grow old. It should be something that people need now and forever: something that isn’t just a passing trend.
Think of products that you own yourself that you’ve used for years simply because you need them. Create something that can be made relatively cheaply, but still requires some sort of refill or servicing to keep functioning.
This is the perfect way to generate long-term income. You’ll not only make money selling the original product, but you’ll have an ongoing stream of revenue for the “refills”.
Printers are a good example. A printer may be fairly affordable to purchase, but it requires ink to keep functioning.
- Become an affiliate.
This is one of the most popular ways to make money from the comfort of your armchair (or from your yacht in the Caribbean!)
Becoming an Amazon affiliate is a fairly sure way to make a buck while doing nothing. It’s as easy as adding an Amazon link to your website. If Amazon makes a sale from a customer clicking on that link, you get the profit.
There are now thousands of people out there who have built up a steady income through affiliate links, simply because they’ve created the right following on their website.
- Teach online.
Teaching online doesn’t require a teaching degree (though it helps!). You don’t even have to train in any particular subject. Just take a subject that you’re an authority on – say, gardening or IT – and offer up your skills to others.
There are loads of ways you can teach others online. There are face-to-face options, such as mentoring or speaking at events and conferences Or, you can write blogs, ebooks, or create podcasts.
Build a website around your ‘course’, and start sharing your knowledge!
- Get good at what you do.
So, you’ve got your business scheme up and running – but your work is far from over. You should always be looking for ways to optimize your efforts and make your business even better.
Continually evaluating what you do will allow you to learn what works and what does, and how you can provide your customers with the very best product or service. This may mean spending extra time proofreading your articles, or leveling up your teaching methods, or simply fine-tuning the product you’ve created.
The same goes for the rest of your team. Make sure they’re performing at their best and offering your customers what they need when they need it.
By automating your operations, you’ll not only help your business run more efficiently, but you’ll be well on the road to making money while you sleep. Once you’ve established your first means of passive income, you’ll be able to invest in other projects – and create even more income streams.
So go forth… and make money while you sleep!