Money is an idea that people are willing to exchange for, for anything valuable. Making money whilst you sleep is about being able to have an idea that people are willing to exchange for, in any hour of the 24 hours. To be a millionaire or billionaire you need to be selling an idea that people appreciate.
1. Sell digital
Find something that people need that is digital that people can identify with. It could be a book but the trick is to ensure that it is appealing to a wide crowd and can be downloaded as you sleep and your intervention is not needed. You could write the next Gone Girl by Gillian Flynn and make a descent life for yourself. Other digital ideas could be software, music, apps, among-st different things.
Also read How to start a business with 50 dollars today
2. Invest in a business, or stocks
Instead of you working hard you could put your money in a business that you are confident is a success, an investment in the stock market through your agent. Naturally every investment comes with a risk but it also carries a reward when done properly. Think Warren Buffet and think smart . Instead of you running the business let someone else run the business.
3. Own Land, Buildings and Rentals
Another way that can make you money is buying land and buildings. Buy these and let your real estate company handle the business. Whilst you sleep someone will be paying rent to you. Think Donald Trump, and think billions. Anything that you can rent out will make you money.
4. Own Advertising Space
This one is a mature platform that will only make money if it is popular, it could be a billboard that you own, or a website that has traffic. The higher the traffic the greater the amount of advertising that you will earn. Advertising space is like a rental, everyday it pays for itself whilst you sleep.
Also read Success tips for starting a business website
5. Term Deposits and Loans
This is the oldest way to make money whilst you sleep. You can lend money away or simply put in the bank or an institution that gives you interest for it. However to achieve this you need to have a considerable amount of money considering the interest rates that exist in the world.
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