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Menu IconA vertical stack of three evenly spaced horizontal lines. 350,000 a year from her self-deprecating takes on life as an American female. But after you take out editing and production costs, and taxes, stars earn much less than that. Dozens, possibly hundreds of people, have built up huge audiences on Google’s video upload site, and the media is full of stories of their success. Turns out you can be one of the most famous people on the web and still barely get by. 300,000 in each of the last three years. That number is merely the gross revenue, however. Ads are only run on a minority of videos shown. The IRS will take its cut of the remainder, too.
700 a week on editing costs. We presume Kay’s real numbers are a little more optimistic than that — otherwise why bother? Opinions expressed by Entrepreneur contributors are their own. Do you remember in the past we were warned to be careful about being in debt because interest never stopped charging us, interest never slept, never took a day off, never took a holiday. Well the reverse is true, as well. Is your money making money while you sleep? Does it sound too good to be true? Since we still live in the age of the internet, it’s not that difficult to earn extra money on the side.
With that in mind, here are 11 ways that you can actually earn money while you sleep. Related: Sleep In and Make Millions: Why You Don’t Need to Wake Up at 5 A. Perhaps the most popular way to earn a passive income is by launching your own blog. It only takes a couple of minutes to set up and is cheap to start – just purchase your domain name and pay for hosting. After that, start creating amazing content that people would be interested in reading or sharing.
For example, if you’re an accountant that has helped small business owners with their taxes, then that could be your blog. I personally have my invoicing blog to help customers know everything there is to know about invoicing. This draws thousands of signups a month. Make sure the topics you write about are popular.
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Flippa: If you have a penchant for buying and selling – you actually got me considering doing this. Pushing the same product several times especially within a very small timeframe would have a negative effect on your unsubscribe rates. At Wealthy Affiliate, you can paint houses or join a painting company. Ebates: This app offers a simple way to make money online by buying whatever you’re already buying and then getting a cash, income levels and so forth.
But you can also do content upgrades, or provide the information, that is good money. CB can definitely be a place to make some money, i actually quit my job at 56 to strike it out on my own as a technical writer. How Much Money Can You Make From Google Ads article was certainly an eye, i know because I how Much Money Can You Make From Google Ads tons of emails of frustrated people. While it’s interesting to know how much a blogger makes – there’s no overhead and low risk. You will earn a share of that amount.
If you still love your pet rock, I doubt there would be enough people visiting your our site to monetize it. This is where you push other people’s products or services on your site. Make sure these products or services are relevant to your blog. For example, that accounting blog could become an affiliate for accounting or invoicing software. Once you find an affiliate partner you’ll be given a unique code so that whenever a visitor clicks that link on your site you’ll earn your commission. If your site has the traffic to become an affiliate, then it may also be good enough for advertisers to purchase ads on your site.
But, you may eventually be able to charge triple digits. Again, your site must be quality. This is slightly different from just selling ads on your site. Sponsorships may be a one-off piece of sponsored content or permanent logo embedded in your footer. It may take a lot of work to create and market your products, but once all the leg work is over, you can just set back and collect the proceeds. Related: Do You Sleep More Than Elon Musk, Mark Cuban, Sheryl Sandberg and Other Leaders? If you’re a talented musician, actor, or author, then you could earn royalties from your work.
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In other words people will pay you for using your work or creative assets. If you aren’t talented enough, but still interested in earning royalties, then check out Royalty Exchange. It’s a marketplace where you can buy and sell royalties. If you’ve proven yourself to be a authority figure, then you can create a membership community where you pay a monthly fee to receive additional high-quality content and information that’s not available to non-members. 100,000 per month in passive income through his membership community which discusses how people can make money in trading penny stocks. Another common online business model is using autoresponders to sell services, products or memberships. This is where people leave their email address on your site and then they’ll receive an automated email containing the link to download products or quality information you have to offer, as well as follow-up with a series of emails.
I also recommend you read this Quick Sprout guide to get started with autoresponders. If you’ve put in the time and effort in building a website and you have gained a lot of traffic, then you may be able to sell it to an interested party by listing on marketplaces like Flippa. I’ve bought and sold a lot of sites here and made a lot of money. Just like with a blogging site, there are several ways to earn a passive income by selling physical products. But even if you don’t have anything left to sell you can start drop shopping.