Thursday, 6 October 2016

5 Ways to Make Money While You Sleep

I keep  looking at ways on making money without exerting too much effort, the two key words "Passive Income". I want a lifestyle that I can have cashflows overflowing in my bank account. There is no need for me to work fulltime, I can spend more time with my family and travel the world. Probably this goal will take longer than 5 years from now.

I'm trying to work on these 5 money machines and targeting to exceed my monthly fulltime income:

Here are 5 ways to make money while at sleep:

1. Starting a blog. Find a niche and start creating a quality content for readers that can be turn into paying customers. You can set up a free blog site at blogger and wordpress. My 2 weeks blogsite that I'm working out right now that there will be a potential passive income:

2. Create Digital Products. It can be an ebooks, newsletter, guide and online courses. The trend in publishing is promote yourself or self-publish. I wrote few ebooks in PDF file which is now giving a good amount of sales monthly as well as a hard bound book. The most recent book I launched "NEWBIE BOOK".

3. Affiliate Commission. Selling product of a friend or a trusted company. There are many multi-level marketing company that introduces a good amount of shares or return once you sell their products. Example: Truly Rich Club

4. Sell Ads . There are many ways to sell advertisement thru your blog, events, website, apps, stores etc. etc....

5. Investing on Dividends Stock. I call it Dividend stock because I only buy stocks that are regularly giving dividends.

When you invest in stocks you become a stakeholder, that entitles you to a share of their profits which the company will distribute as dividends.

Taking small steps everyday will be the best way to start.

Looking forward to your financial freedom.

Sincerely yours,

Jonathan I. Ruiz
Newbie Mentor

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