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Passive Income: 10 Ways to Make Money While You Sleep

Passive Income: 10 Ways to Make Money While You Sleep

8. Content

A way to build passive income at home is through payments for the use of intellectual property that you have created yourself, or for which you’ve purchased the rights.

Creating content can be a lot of work, especially for work that is engaging and reaches a large enough audience to generate income.

But once you’ve created something that people are using, it’s possible to generate revenue through display advertising, using a program such as Google Adsense, or to run sponsored content, which means companies pay you a fee to publish a post on your blog.

Another way to monetize a blog is affiliate marketing, which allows you to earn commissions if your readers purchase a product or service you’ve recommended or linked to. You may, however, find that creating content is not as hands-off as you might expect; there’s always pressure to create more content or update what you have to keep it viable.

9. Real estate investment trusts (REITs)

If you want to build passive income from real estate without the fuss and bother (not to mention the hefty down payment) of buying and managing properties yourself, REITs may be the answer.

Similar to mutual funds, REITs are companies that own commercial real estate, such as office buildings, retail spaces, apartments and hotels. REITs tend to pay high dividends, but they vary in complexity and availability. Some are publicly traded on stock exchanges; others are not.

New investors may want to stick to publicly traded REITs, which you can purchase through an online broker.

10. Crypto staking

Crypto staking is a way of growing your holdings in certain cryptocurrencies by using them to help verify activity on an underlying blockchain network. When you stake a cryptocurrency, you can be rewarded with more cryptocurrency.

Staking, for most people, involves delegating your cryptocurrency to someone who is compiling records of transactions on the network on which it runs. Those verifiers need to put some tokens at stake to guard against fraudulent transmissions. By giving the voting power of your tokens to a reputable verifier, you can get a share of the rewards they receive for carrying out their job accurately.

But there is some risk: If the verifier you’re working with is penalized, you may be as well. And staking sometimes requires you to commit your holdings for a set period of time, meaning you can’t sell or trade them.

It’s important to note that staking is not available on all cryptocurrencies — notably Bitcoin does not support staking. But several crypto platforms have other rewards programs that offer interest on cryptocurrencies through activities such as lending.

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