1. Webinars Webinars are a great way to make money while you sleep. Not live ones of course. But, automated webinars. Automated webinars run day and night. To create one, you need something to offer. Webinars are great for high-ticket digital product sales. They also work well for selling things like coaching and consulting services. But, to fully automate your income, it's best to sell a digital product. How much can you sell items for on a webinar? Benny tells me that the sweet spot is the $997 price point, but that $1997 works as well. Jason Fladlien says that this depends on how "warmed up" the audience is. If they know you already and they've been warmed up to you or your offer, then you'll have an easier time selling at $1997 and even higher, all the way up to $10,000 and beyond. 2. Ebooks Find a niche market and write a great ebook. The sweetspot here is 60 to 80 pages long of gold-nugget-filled content. While you could easily sell this on a platform like Amazon's Kindle, you'll fare better by selling it through your own channels like on a blog or as an offer after a lead magnet. Ultimately, you'll make more money that way. However, if you're not a seasoned online marketer, going the Kindle route is a far simpler approach to selling your ebook. The threshold is low and you won't have to do all the marketing of the book on your own. Amazon will simply pay you out monthly for the sales. 3. Drop-shipping Ecommerce is exploding. It's not just Amazon that's taking the entire pie here. People are snatching up product offers all over the place. The best part? Most of this is being done as a drop-shipping arrangement. That means that as the store owner you never actually have to touch the products. It's warehoused, labeled and shipped in your name. You incur none of the overhead. You simply push the order through when it arrives, pay the fee and it's shipped. Drop-shipping, when automated the right way, gives you the freedoms that you wouldn't normally experience while running a physical product store or having a brick-and-mortar location. You can build your own ecommerce store with Shopify or you can buy products from AliExpress and sell them as an Amazon FBA store. Or, find another drop-shipping company willing to handle the work. 4. Online courses Online courses are a great way to earn income, day or night, and require little to no maintenance once they're launched aside from updating content that might get stale or become no longer relevant. There are tons of places you can build online courses such as Kajabi, Udemy or Teachable. You could also build your own membership based courses on sites like ClickFunnels. What type of course can you launch? You can teach just about anything. But, you should stick to what you know. If you know photography, teach it. Coding? Teach it. SEO? Teach it. Social media marketing, like Benny? Then dive right in. If you absolutely don't know what you're talking about, it's going to come across and your sales will suffer because of it. 5. Blogging Why not start a blog? It's probably one of the most reliable sources for making money on autopilot. While creating a popular blog is arduous work, the benefits are long-lasting, along with the potential for passive income. When you run a popular blog, you can make money in a variety of ways, most of which are passive. You could sell virtually anything in your niche on autopilot. Find something that fits your blog's audience and sell it. Or, if you're really looking to reap the benefits, build content or digital products that fits the same audience and sell it directly through your own systems or sales funnels. Grow the blog over time by consistently creating valuable content that really helps your audience with a problem or fills a need. 6. Traditional real estate rentals While traditional real estate is more cost prohibitive to enter into than digital products, real estate rentals are always going to be a great producer of passive income. People will always need a place to live and to work. With long-term rentals, you can secure the tenant, then sit back and collect the cash every single month. While there might be a small amount of maintenance due to repairs, the income will largely be passive. You can make it fully passive by hiring a property manager as long as there's enough positive cash flow. You could also opt for purchasing a duplex and renting out the second unit of your home if money is tight. 7. Peer-to-peer lending There are loads of peer-to-peer lending networks that will help you achieve your dreams of automating some of your income. Depending on the amount you have to invest, you could reap a sizable return. Websites like Prosper, Zopa and Lending Club will help you invest your money while minimizing your risk with baked-in algorithms that help you identify the best investments. Clearly, the more risk, the more potential for reward. These lending platforms offer a great way to put either a little bit of money, or a lot of it, at play and earn while you sleep. 8. Affiliate marketing In the world of online marketing, affiliate marketing offers one of the fastest and most profitable forms of income with very little investment of time. Of course, you can't really become an affiliate marketer without reach or an audience to promote to. If you already have an email list, then this works great. If you don't, you could opt to do Facebook Live trainings or use YouTube as a platform to reach people. Affiliate marketing is about delivering value. You have to find a way you can educate and inform while helping those out there with their goals or to solve a problem. If you can do that effectively, you can build multiple passive income streams as an affiliate marketer. Check out platforms like ClickBank and CJ.com to find affiliate offers you can promote.
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