4 Legit Ways To Earn Money While You Sleep.
Everybody wants to have access to money. But to me I believe money answers money. What I mean is.. Most millionaires we see today first invested right? After that the investment turned to passive income...
So get the ideology.. "money answers to money"
The 4 legit ways i wrote out needs little money before your big dreams come true...
Check them out...
1. Blogging
Blogging may be one of the most on-going labor intensive ideas on this list, yet it can still be created and managed on a part-time schedule. The best blogs for passive income offer highly sought-after and compelling information. Blogs that provide information have a variety of monetization options including:Affiliate Marketing
Contextual Ad Feeds such as Google AdSense
Selling Ad Space Directly
Selling Digital Products Made by You
Sponsorships
The trick to success in blogging, aside from regular quality content, is marketing to increase readership. For the most passive efforts, you can use SEO so that search engines can help deliver traffic to you. However, it's good to have a variety of other marketing options, many of which can involve systems and automation such as email marketing and social media.
me sites will ask you to submit your best samples before they’ll accept you as a contributor. If one site says no, move on to the next one!
2. Write an eBook
If you’ve a passion for publishing then digital has to be worth a punt – the online publishing process is relatively straight forward and risk-free. Playing your cards right with online publishing could bring in some cash and set you up well for the future (linking to your ebook in your graduate CV is pretty impressive!).In terms of content, your secret stash of short stories is always a good place to start – but if you’re in it for the money rather than the Pulitzer, see what’s selling and work back from there. Check the best-seller lists but don’t fixate on fiction. There’s a chart for everything from politics to poker so, if there’s a topic you know (perhaps something related to your studies?), use it.
The jury’s still out on whether you have to be a brilliant writer to be a best-seller – 50 shades of beige prose says you don’t – plus you can always learn to edit and improve your work as you go.
The main publishing outlets take .doc files (check here for free alternatives to Word), but if you want a bit more say in your book's looks – and are HTML savvy – grab the free Sigil eBook editor. Amazon has tools for comics and kids’ books, too.
Once you’ve got a file, you need a platform. To get listed on Amazon you’ll need the Kindle route. For everywhere else there’s Smashwords, which distributes to a whole host of stores including Waterstones and iBooks. Go with both platforms to maximise your coverage.
Getting a book to market is easy: the trick lies in being discoverable. Banging out a few words and sticking a cover on them doesn’t make a best-seller - you’ll need to really focus on getting it noticed.
In this digital space, people often do judge a book by its cover - so spend time (and a bit of money) making it look professional. Also, ramp up your book’s description and keywords to have a hope of being found online and of course to encourage sales.
But most importantly (with Amazon anyway) you need to get your book lots of genuine reviews, so at the end of your book simply ask or incentivise readers to leave a review (hassle your family and friends to get the ball rolling if needs must!).
3. Build your own app
In terms of passive income ideas, this one's a pretty cool choice and the question isn’t whether you’ll make a million (… unlikely), but whether you need to be a coding ninja. The surprising answer is: nope.If you’ve got a functional app in mind (i.e., it ‘does something’, or extends built-in messaging, camera or system tools) you’ll need to talk some kind of computer lingo – or find someone who does and split your profits! Until then, MIT’s free browser-based App Inventor lets you drag and drop ‘building blocks’ instead of churning out code.
If games are your thing, it’s possible to create professional apps – from Sonic-style endless runners to Angry Birds physics puzzles – with next to no coding.
You’ll need to get your hands on a ‘game engine’: a bit of kit that helps you design, develop and deploy apps right from your desktop. There are several out there, including a free app called Unity, which is drag-drop friendly and supports multi-platform publishing (build once and launch to IOS, Android and PC at the same time – a must if you want to maximise potential sales).
You can make money by charging for your app or in-app purchases (extra lives, hints or episodes) or by running ads. However, you’ll lose a chunk of each sale in store fees, plus for Google Play and iTunes you’ll need to pay a developer fee upfront to list your app.
While you don’t need to be an uber geek, it helps to be an avid app user for the market you’re going after. Having a couple of cross-platform phones/tablets is handy – but there are plenty of ways to test on virtual devices if not. If you’re serious about making decent residual income you’ll need to push at least a couple of apps out there.
4. Earn royalties
If you’re a talented musician, actor, or author, then you could earn royalties from your work. In other words, people will pay you for using your work or creative assets.If you are not talented enough, but interested in earning royalties, then, check out Royalty Exchange. It’s a marketplace where you can buy and sell royalties.
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