Passive income: 5 ideas to make money (even while sleeping)

Almost all of those who have achieved some financial success have one thing in common: they have multiple sources of income .

But that doesn’t mean they have multiple jobs either. On the contrary: they especially know how to profit from what is called “passive income” . That is, they are making money all the time … even while sleeping!

On the other hand, sorry to disappoint you: you are bound to have to work a little at one time or another.

Creating passive income doesn’t mean ” making money without doing anything “: it’s more about setting up an activity that will allow you to keep earning money  even when you don’t make the effort. particular .

In any case, an initial effort will often be necessary on your part. This can be larger or smaller depending on the activity chosen.

But like many things, the benefit is long term . Passive income is a great solution to allow yourself time for more fulfilling projects or to enjoy life and the things you love. It is a concrete form of freedom, and financial independence .

It was books like  La Semaine de 4 heures  and Père Riche Père Pauvre (of which you can find a complete summary in this article ) that allowed me to understand that there were concrete ways to earn significant passive income. .and sometimes even enough to be able to live on it.

But the hardest part is often knowing where to start: what projects to launch to make passive income a reality? There are dozens if not hundreds of solutions, and here are our 13 favorites.

What is passive income?

In the world of personal finance, there is a lot of talk about passive income. And if it is a frequent topic of conversation, it is among other things because it is one of the most important.

Passive income is when you continue to get paid for a job after it is finished.

To take classic examples, think of sales of books or rights to films and songs, real estate rental … All these systems allow you to receive money “automatically” over the years.

Some passive income ideas require some upstream work (like writing a book), while others will take less setup effort (like dividends from your stocks on the stock market). Either way, it’s best to find an activity that really interests you.

The benefits of passive income are numerous. For example, if you lose your job, you may be able to limit the damage by having another source of income than just your salary. It is also an ideal solution to accelerate your path to financial freedom .

The best passive income

Choosing the right sources of passive income allows you to use your time however you want.  You don’t have to devote dozens of hours a week to keep your business running smoothly. The goal will be to get the best return on your business for the least amount of time spent.

We are of course not talking about scams, multilevel sales or other suspicious businesses. The ideas presented in this article are many legitimate ways to make money while you sleep by creating something that excites you and puts your experience and skills to good use.

1

Start your dropshipping business

With the explosion of e-commerce, dropshipping, also known as drop shipping , has become very popular .

This passive income system works quite simply. You create an e-commerce site where you offer for sale the products of certain manufacturers and suppliers with whom you will work.

Then when someone visits your site and places an order, it is sent to the supplier in question. He is then the one who will send the order directly to the customer – which means that you earn money on the sale without ever having to manage inventory!

The customer pays for the product, you collect the profits, and the manufacturer stores and ships the products to the customer. No need for investments or storage space.

If you are thinking of starting your own online dropshipping business, I recommend the Shopify platform  which makes it easy to create your online store without having to develop a site from scratch. 

Be careful though: dropshipping often suffers from a bad reputation, which is partly legitimate.

Many dropshipping sites simply aim to buy poor quality products in markets (particularly Asian) and resell them for a huge profit … to the detriment of the customer .

If this is the type of business you have in mind, we can only advise against it. Having an ethical, honest and transparent attitude in your business is the key to success. And the goal is for your customer to gain just as much as you.

Create and sell digital products

Nowadays, selling your own digital products is a great way to be able to afford passive income .

And among digital sales, anything related to training, education or the sharing of expertise can be very interesting to exploit.

For example, if you are specialized in a particular field, you can create and sell online courses (for example by becoming a Udemy trainer  ), an e-book, a podcast … It’s up to you to find what excites you!

Once again, creating these products will inevitably require some upstream work. But the great thing about creating digital, not physical, products is that you won’t have to worry about inventory, shipping, or delivery – it’s all done right online.

Rental investment: a classic of passive income

Real estate is one of the popular sources of passive income. Moreover, the majority of current millionaires have succeeded in creating their wealth  by investing at least part of their money in real estate .

And for good reason: rental investment can be a great way to earn money … even while sleeping!

The main drawback of this solution is of course that the purchase of a house or an apartment is very expensive, even if the goal is necessarily to make it profitable in the long term. If going through traditional financing is too complicated for you,  you can on the other hand use a crowdfunding platform .

These crowdfunding platforms allow you to invest in real estate for a much lower sum than what the purchase of a property would cost, and therefore to invest collectively in real estate development projects  to benefit from a rate of yield.

We can for example cite  the Lymo  site  , which allows you to invest from 1,000 euros  in projects that you can select according to the duration of the investment, the type of construction and the precise location. They are therefore perfectly successful in their objective of making real estate investment accessible to all.

Launch your blog

Having your own blog can of course be a passion. But often times, you’ll want to make at least enough money that you can cover the costs of getting it live. In any case, know that it is possible to go even further and  afford a real source of passive income thanks to your blog!

To do this, of course, you need to provide your readers with added value and quality content. Then, once you have a certain level of traffic to your site, it becomes quite easy to monetize it through several solutions:  advertising, affiliate links, brand partnerships …

Know that anyone can launch their site: you don’t have to be a world-renowned expert to share your expertise in a field. The trick is to start a blog on a topic that you are really passionate about, but also  that interests others and helps them solve a problem .

To do this, of course, you need to provide your readers with added value and quality content. Then, once you have a certain level of traffic to your site, it becomes quite easy to monetize it through several solutions:  advertising, affiliate links, brand partnerships …

Know that anyone can launch their site: you don’t have to be a world-renowned expert to share your expertise in a field. The trick is to start a blog on a topic that you are really passionate about, but also  that interests others and helps them solve a problem .

To launch your blog and start creating passive income, you will first need a domain name, a hosting solution, and a content generation system (or CMS).

If you are not familiar with development, I highly recommend  WordPress  , which is the platform that I have used for this blog for several years.

Once your content is live and monetization solutions implemented, you can make money on a regular basis whether you spend the extra time there or not. Hour after hour, day after day,

your blog is working for you

.

Sell ​​your photos online

Did you know you can get paid to take photos? It’s even quite simple.

There are hundreds of online platforms that offer “copyright free” images, that is to say that Internet users pay (either to download or to a flat rate) to be able to download a photo and use it freely. These are often companies looking for images for their communication media.

Among the most famous sites are  Getty Images  ,  Shutterstock   or  Adobe Stock  . Thanks to their great popularity, these sites can be a real source of passive income, no matter your level of experience – although you will of course need to know the basics of photography and have the right equipment.

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