9 Lazy Ways to Make Money Online While You Sleep (Passive Income)
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Hello, and welcome to TopGthinking! If you're reading this article, you're likely interested in discovering how to generate passive income streams effortlessly. In this article, we'll explore 9 hassle-free methods to generate passive income while you're catching some Zzzs. Passive income can be a transformative financial tool, taking you from financial struggle to making millions annually.
Method 1: Faceless YouTube Channels
This method revolves around running YouTube channels without the need to appear on camera. This approach is a cornerstone of our philosophy at TopGthinking. Essentially, you choose a niche, options like finance, health, travel, or technology work well. Then, there are several ways to create content in your chosen niche. You can record voiceovers, using just your smartphone and overlay stock footage. Channels like Brainy Dose have demonstrated this approach's potential, garnering millions of monthly views, translating to a full-time income when monetizing through ad revenue.
You might be thinking, "Isn't building a substantial YouTube channel time-consuming?" While it can take time to build a large following, it remains one of the laziest ways to make money online because you invest effort upfront, yet it continues to generate income even if you stop uploading. To make it even more effortless, leverage AI tools like Picktory to expedite video creation or employ whiteboard software such as VideoScribe. Additionally, AI writing tools like ChatGPT or Jasper.ai can help speed up script writing. To ensure content originality, use tools like Copyscape.com.
You can further streamline this process by outsourcing tasks to freelancers on platforms like Fiverr or Upwork. They can handle scriptwriting, voiceovers, video editing, and thumbnail creation, leaving you to generate ideas and upload the finished product.
Method 2: High Payout Partner Products
Method two centers on promoting high payout partner products. These are products for which you become an affiliate, earning commissions for each sale you refer. The most lucrative high payout products often include digital products and online courses, as they have low fulfillment costs.
The key to laziness in this method is not having to create a product from scratch. You can concentrate on marketing and promotion. Focus on opportunities that offer at least a $100 commission per sale. Combine this with faceless YouTube videos, as discussed earlier, for a powerful, low effort strategy.
Method 3: Combining YouTube with High-Payout Partner Products
Our third method combines YouTube with high-payout partner products, offering double the passive income potential. You earn ad revenue on YouTube while simultaneously referring people to affiliate sales. This synergy can lead to substantial earnings.
Method 4: Writing Articles and Blogging with High Payout Partner Products
Method four involves writing articles or maintaining a blog alongside high-payout partner products. Blogging is an excellent way to refer traffic to your partner products. Conduct keyword research to identify topics with high search volume and low competition. Embed affiliate links within your blog posts to maximize conversion potential.
Method 5: Starting an Academy
Lazy method number 5 is starting an online academy. You don't need to be an expert; even a modest skill can be turned into a profitable course. Record video lessons, and you can automate sales through platforms like Digistore24.com and ClickBank, allowing affiliates to promote your course for you.
Method 6: Evergreen Webinars
Method six delves into evergreen webinars. These are automated webinars that continue to generate income long after creation. You create a presentation on a topic of expertise, and at the end, promote your product or a high-payout partner product. Use platforms like EverWebinar to set up and automate this process.
Method 7: Selling Stock Photos and Videos
Method seven is about selling stock photos and videos. Capture generic footage that companies may need and sell it on platforms like Shutterstock or Pond5. Once created, these assets can generate income indefinitely.
Method 8: Creating Digital Products
Method eight involves creating digital products, such as e-books, PDF downloads, or online courses. You can either create these products yourself or hire freelancers. Sell them on platforms like Gumroad or Kajabi. Digital products offer high profit margins and can generate passive income for years.
Method 9: Investing in Dividend Stocks and High-Yield Savings Accounts
Our final method, number 9 for making money while you sleep is by investing in dividend stocks and using a high yield savings account H Y S A can be opened at a variety of different banks and I recommend just doing research to find one that has a high interest rate right now higher than the average and make sure that it's FDIC insured in the US and CDIC insured in Canada. then when it comes to investing with dividend stocks you can use platforms like M1 Finance or Robinhood and one of my favourites WealthSimple.
Some good dividend stocks in my opinion are VYM, VOO, TOL, CAT and PEP just to name a few. Remember to always do your research when it comes to investing. I’m not an investment professional this isn't investment advice whatsoever, but this is what I personally like, and these dividend stocks will pay you money passively even while you're sleeping and it's one of the most passive ways of income because you invest the money in these stocks once and they can continue to pay you into the future without doing anything.
Hopefully this article helped you and hope you got value from it, have a great sleep tonight.
