7 Ways to Make Lots of Money even though You're Sleeping
7 Ways to Make Lots of Money even though You're Sleeping
Johanfredo21 - Time goes by so fast and the ability to do many activities at one time is very limited, therefore you can't depend only on your salary and work from 9 am to 6 pm only.
One of the best ways to increase your income and not have to be actively working to earn it is to build a passive source of income.
This passive source of income is a money machine and will continue to produce even when you are sleeping.
Here are 7 ways you can do to develop a source of passive income:
1. Selling online
Opening your own online shop and selling products to many people is no longer a difficult thing, because now there are lots of business centers that provide opportunities for you to build a business online.
To make your online store a passive income, you can ask for help from relatives or friends to manage your shop.
If you don't have anyone you can trust to run your business, you can arrange a delivery schedule according to your spare time.
So, you don't have to always check orders and make deliveries every day.
Make a note in the store description column that your store does not deliver goods every day, so consumers will not complain if the goods they ordered have not arrived in a few days.
Even though it's not pure passive income, at least you might receive a lot of orders when you're asleep.
2. Create content online
It is possible to make a lot of money just by blogging or producing videos on Youtube.
Even more so if you have something important and useful or entertaining to share with others.
Even though this method is not purely passive income, the income will continue to flow as long as visitors come and view the content that you create.
In order for visitors to keep coming, you must be committed to continuing to present content. Make a schedule for uploading your content, so visitors will know immediately when you upload new content.
You can also install affiliate links or adsense (paid advertising) so that you can get more profits.
3. Renting Property
If you have an unused room or an unoccupied house, then please try to rent the property to someone else.
Renting property to other people allows you to make a lot of money without having to work actively.
In addition, renting out unused house space is more useful than leaving the room empty and only filled with dust.
4. Invest in Shared Crediting
Investing in shared credit allows you to give loans to other people.
Furthermore, you will get passive income in the form of interest that is paid by the borrower regularly.
KoinWorks is a conveyed propelling investment platform that allows you to invest with funds starting from IDR 100,000.
Besides that, by becoming a lender at KoinP2P you have helped the development of MSMEs in Indonesia, you know!
Then, what if the borrower cannot repay the loan?
Take it easy, choose a low-risk investment product where KoinWorks provides fund protection facilities of up to 100%.
So you no longer need to worry when your investment doesn't go as expected.
5. Invest in the Stock Market
There is no investment that can provide profits in the twinkling of an eye.
Most investments that can provide high benefits are usually long-term investments, namely over 10 years.
If you are a financial supporter who has an aggressive risk profile, then investing in the stock market can be the right choice.
6. Invest in Crypto
Reporting from CNBC, information from the Ministry of Finance shows that the number of crypto financial advocates in Indonesia as of June 2022 even reached 15.1 million and exceeded money related support specific market at 9.1 million.
Before investing in crypto, be sure to study the essentials of the crypto in question and use cold money to get maximum benefits.
Some crypto platforms also provide features that can optimize your investment, for example, the Pintu Acquire feature which can provide an annual reward of up to ten percent.
7. Become a writer and publish articles or books.
Do you like writing? Starting from fictional stories, to personal opinions?
It can really be a source of additional income from your hobby!
The trick is to write down the idea in the form of an article or book, then publish and publish it.
You can publish it with a publisher who is willing.
You will get royalties from every sale of your book.
But, if no publisher wants to publish your writing, you can publish it for free through various stages or pages on the web, even national mass media.
From there, you can get money, you know!
Those are 7 ways that people rarely realize, but can help get a source of passive income without having to actively work hard.