20 Ways to Make Money While You Sleep

For those of us who work to get a regular paycheck, making money without doing anything seems like a dream.

But if you’re intelligent and creative, you might be able to develop ways to make money when you’re not working. Check out these ideas for making passive income to see what we mean.

How Does Passive Income Work?

Most of the time, any money you make while doing something else is considered passive income. For instance, every time you sell a T-shirt at a festival, you make money. That’s income from work. But if you sell T-shirts through an online store, people can buy them even when you’re at another job or sleeping. That’s called passive income.

Keep in mind, though, that passive income isn’t always very passive. With some of the ideas below, you may have to put in a lot of work at the start. But if everything works out, you might be able to relax and make money.

You can rent a room

Have a room that’s just sitting empty? Think of it as an asset that will help you set up a passive income stream. Wendi Burkhardt, CEO of the home-sharing website Silvernest.com, says that because of the pandemic, many Americans are having trouble making ends meet and are out of work. “However, many people own their own homes, which they can use as an asset to make passive income by renting out extra rooms to long-term housemates.”

She adds, “Estimates show that they can make an average of $10,000 a year, which they can use to pay their mortgage, cover living costs, and save for retirement.”

But Burkhardt says that if you want to rent out part of your home, you should take the proper precautions and carefully check out potential tenants.

You can rent out your driveway.

If you don’t like renting out a room, you can rent out your driveway through sites like Neighbor.com and Spacer.com. Neighbor.com says you can make anywhere from $20 to $400 a month. Spacer thinks you could make as much as $200 a month.

As you might guess, this won’t work if you live in a place with lots of free parking spots. But if you live in a city with limited parking and have a house with a driveway, you may be sitting on a goldmine of passive income.

Rent out space for storage

You can also rent out a storage shed or a corner of your basement to make money without doing anything.

You can put up photos of your storage space for rent on Neighbor.com, ShareMySpace.com, and StoreAtMyHouse.com.

StoreAtMyHouse.com says that you can make between $300 and $3,000 a year, depending on where you live and how much storage space you have.

Put ads on your car.

If you don’t know, some advertising companies will pay you to let them put ads on your car. Carvertise, Wrapify, StickerRide, Free Car Media, and ReferralCars are just a few big names. (The ad “wrapping” can be taken off without hurting the paint on the car.)

You can make money just by driving around and going to and from work. It’s hard to say how much you’ll make, but most people say they make a few hundred dollars a month and sometimes up to $1,000. (but that seems to be pretty rare).

Even though you might feel a little silly at first, this could be one of the best ways to make money while you sleep. You have to drive anyway, so why not make enough money to cover at least the cost of gas? Once you go through the trouble of getting approved by one of these companies, which can be a process, it’s all passive income from there on out.

Create a Blog

This can be a way to make money without doing much work, but it can also take a lot. If enough people visit your blog and see the ads on the page, especially if they click on the ads or affiliate links, you’ll make money even while you sleep. But it might not be much, and you won’t make money if your blog doesn’t have new posts.

Jessica LeBrun is a graphic designer who lives in Naples, Florida. She also has a blog called OnMoxieandMotherhood.com.

LeBrun says, “I have left the site alone for almost a year at a time and still made money every month from ads and affiliate sales.”

During slow months, she makes between $200 and $300 on average. If it’s a month with many visitors, she could make up to $800 or even $1,200.

Still, she says, “It’s important to remember that this is only possible because of all the work I did on the site before taking that time off.”

Also, it’s important to remember that not every blog makes $200 a month, even after a lot of work at the beginning. You may make, say, $20 a month. It depends on how interested people are in your topic.

Set up a course online

Do you know a lot about a particular subject? There are sites like DigitalChalk and Click4Course that can help people sell online courses.

If many people want to learn about your topic and are willing to pay for a course, you could make a product that would sell over and over. Creating an excellent online system does take work, but it can be a source of passive income that keeps coming in if people buy it.

You should rent out your old house.

Yes, you need a significant down payment to buy a condo or rental home, but if you can do that – or move into a new house and rent out your old one instead of selling it – you can make a substantial passive income.

“Real estate is the best way to make passive income,” says Omer Reiner, a licensed Realtor and president of FL Cash Home Buyers, LLC, a Florida-based real estate investment company.

Reiner is biased, but he makes a good point. “Most of the time, you make money twice when you buy an asset like a house,” he says. “You make money when the asset’s value goes up and when you rent it out and get rent money. But it can be hard to get started in real estate.”

Reiner says that the best way to start is choosing a market you want to buy. “Then, before you start buying, spend a few months learning everything you can about that market. You won’t have to spend too much on a property if you do this. It will also help you find bargains.”

Make a book.

This is indeed easier to say than to do. You could spend money on self-publishing and not sell much. You could put in a lot of work to find an agent and pitch a book idea to publishers. You could then spend a lot of time and energy writing a book, but it might not sell much.

Still, it can be a great way to make money while you sleep if you can make it work. Robin Landa is a well-known design professor at Kean University’s Michael Graves College in Union, New Jersey. He has written 23 books.

“Writing each book takes a lot of time and effort, but once they’re out there, they bring in money on their own until a new edition is needed,” says Landa.

And with books like “Strategic Creativity” and “The New Art of Ideas,” Landa makes a good amount of money without doing anything.

“With the money from my royalties, I’ve been able to give a lot of scholarships to students who need them,” says Landa.

As energy prices rise, UK inflation reaches a 40-year high of 9%.

Create a Product

This can be very hard to do, but it is the best way to make money without doing anything.

You could, of course, change your goals and do what LeBrun did. She sells things on Etsy.

“Whenever I make something for my kids or my family, like a behaviour chart or a birthday invitation, I just put it in my Etsy shop. LeBrun says, “I know I could make more money if I spent more time and effort adding more products to my shop. “However, I am happy with the sales of things I made and used myself, listed once, and then never had to touch again to make sales. Once I set up the listing, the digital products are sent to the buyer automatically. This means I don’t have to do anything else to get paid for the sales.”

Start a business that makes money on its own.

People often say that laundromats are the best businesses for making money while you sleep. Most of the time, your customers can take care of themselves. You might want to hire someone to be there sometimes during the day to clean, or you could do it yourself.

Tide Cleaners is a business that does dry cleaning and laundry. A “neighbourhood drop store,” as it is called, would probably cost you between $90,950 and $274,100.

If you have that much money, you could use it to run a business that makes good money while you do something else. Self-service car washes and companies that make money from vending machines are usually based on passive income.

Don’t say anything about your business.

You could put your money into a business if you have some to spare. This only works if everything falls into place, but you could think about whether you know anyone who is very smart, ambitious, and wants to start a business.

You could think about going into business with them, but you’d be the one with the money, and your partner would be the one putting in all or most of the time and energy to run the business.

You could come up with a fair way to split the profits, and as long as the business is successful, you’ll have a passive income.

Make T-shirts.

If you like art, there are a lot of companies that will help you sell T-shirt designs. Some of these sites are Spreadshirt, Designhill, Zazzle, and CafePress. Some websites charge you to sell your plans, but most don’t. These companies handle the marketing and shipping of T-shirts most of the time. If someone buys a shirt with your design, you’ll get a commission, usually between 10% and 15%. Even if it doesn’t make you rich, any money you make from a sale after you’ve uploaded your design is passive income.

Be a Pet Sitter

People who work from home or are retired can use this as an excellent source of passive income. Yes, it is active because you have to feed and walk a dog. But most of the time, you’re doing your own thing, like cleaning and cooking or watching TV while petting the dog and just being there when the pets need you.

You can look for pet sitting jobs on Fetch!, PetSit.com, and Rover. You could also look on Facebook or Nextdoor, which are popular social media sites where you can find people in your area who need pet sitters. Just say that you want to sit for pets, and you might get a regular job.

According to ZipRecruiter, you could make anywhere from $9 to $45 an hour pet sitting. It’s up to you to set prices. $45 an hour might sound too good to be accurate, but you have to think about whether you’ll be taking care of a dog who needs a lot of attention or one with a lot of energy.

House sit for people.

Why not keep an eye on a house instead of just a pet? There are websites where you can find housesitting jobs, just like websites for pet sitting.

Some of the websites where you can find housesitting jobs are MindMyHouse.com, Housesitter.com, and TrustedHousesitters.com. Some of these sites cost money to use, which is a shame. It might be best to start by advertising your services on social media and then move on to housesitting sites if you like this way of making money.

Thumbtack, a website for home services, says that house sitters usually make between $50 and $100 a night, depending on where they are and what they have to do. But since you could make money while maybe doing your regular job from home, this could be a fun and lucrative gig.

Invest in Your Retirement

If you’re feeling down because you don’t have any significant business ideas or enough money to buy real estate, remember that you’re hopefully making money without doing anything every time you put money into your retirement portfolio.

Many investors will tell you to put your money into stocks that pay dividends instead of a certificate of deposit or a savings account that pays interest since the interest is likely to be below. But you might be better off with an IRA or 401k (k). The point is that investing in your retirement accounts may not help you pay your bills right now, but it will help you pay your bills in the future.

Put money into cryptocurrency.

Because the value of cryptocurrency is often volatile, this could also be an excellent way to lose money without doing anything.

You don’t have to put in a lot of money. Robinhood is an app for buying and selling stocks, and you can use it to invest a few bucks in crypto. Most brokerages will let you invest in cryptocurrency in general. You can also invest money in crypto on platforms like Coinbase, a popular one.

If you’re smart, you’ll start by investing a small amount that you can afford to lose.

Start an account for saving.

If you don’t have a lot of money, the interest you earn on a savings account probably won’t be worth much. When this was written, the average interest rate on a savings account across the country was 0.06 percent.

But interest rates have been going up lately, and a savings account is the best way to make money while you sleep. A savings account is almost the perfect example of passive income. You put money into an account, and while you live your life, your money grows. Slowly. It will grow, though.

Make videos for YouTube.

Even if you don’t make much money with this idea, you’ll probably still have fun doing it. In the meantime, your friends and family will probably enjoy watching your videos.

Ryan Scribner, who lives in Miami Beach, Florida, is an excellent example of what you could do, but he doesn’t make as much as most YouTubers do.

He started a YouTube channel in 2016, and it was successful enough that he quit his day job the following year to work on it full time. He also started the websites FarmlandRiches.com and InvestingSimple.com, which are blogs. He says he now makes more than a million dollars a year, with half of that coming from blogging and the other half from YouTube.

After all of that, Scribner says, “It was a lot of work to get this going. I made less than $40 in the first few months of running this channel. I worked out how much I made per hour, and it was about 17 cents.”

As we’ve already said, it’s hard to think of this kind of work as passive. You’ll make money even when you’re not working if you’re successful. However, you have to keep creating content if you want your income to grow.

Scribner thinks he works about 30 hours a week, which is not a very passive amount of time. On the other hand, for working 30 hours a week, he makes a lot of money.

Pay off debts or cut costs.

Yes, it sounds like a bit of a cheat, but if you save $900 a month because you finally paid off your credit cards or switched health insurance plans, you no longer need to find a passive income stream that pays you $900 a month.

Apply for reward credit cards
Credit cards that give you cashback, miles, or points are so popular because they let you make money while buying things you would buy anyway.

If you have good credit, getting 1% to 5% back on everything you buy every month could be a pretty steady way to make money without doing anything.



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