Getting richer while you are not doing any active work is the ultimate dream. Obviously, it takes a lot of preparation and good business instincts, but making money in your sleep is actually possible. Here are 7 ways to make money while you are doing something else.
Make cash by selling your stuff on Jiji
1. Affiliate marketing
To become a successful affiliate marketer, you need to have a popular blog or social media account, or an established network of popular websites. Once you have it, you can post affiliate links to online stores, services, and app stores. Your readers will follow your links, make a purchase, and you will earn a commission on each purchase your readers make.
Read more: Businesses You Can Start With Just Your Smartphone
2. Earn cash back
If you are a frequent online shopper, there is a way to get some of the money you spent back in the form of a cash back. Cash backs can come from online stores themselves, banks, or special services who cooperated with online stores. Obviously, you will have to make a purchase first, but the saying “You need to spend money to make money” exists for a reason.
3. Sell stock content
This is the perfect way to get a passive source of income for photographers and videographers. Whenever you have free time, you can create photos and images that can be posted on stock websites. Customers will then purchase your creations, allowing you to make money an unlimited number of times from the same photoshoot.
4. Rent out your home or car
Not everyone can or wants to buy a home or a car, but people may need it from time to time – for example, when they stay in your area temporarily for work. Renting out your car, a room in your house, or the whole house when you’re not in it is a great way to make money without doing anything other than finding a tenant.
Read more: Rights Of A Tenant And Landlord In Nigeria
5. Sell your merch
In case you are a talented illustrator or a witty writer, you can sell merchandise with your creations without any active involvement. Simply upload your designs to sites like RedBubble and CafePress, and they will print custom items with your images and send them to customers, so you’ll only need to choose attractive illustrations that will sell well.
6. Sell your knowledge
If you are an expert in any field, there are several ways for you to make money by doing work in the beginning and then letting it benefit you. E-books, online courses, and tutorials on a specific topic will help your customers learn something new, while you can get a passive income by selling those online.
7. Dropshipping
Like most businesses with a passive income, dropshipping requires you to do some initial setup, but then you can just sit back and enjoy the results. In short, dropshipping is a type of e-commerce where you never physically handle the product. The buyer places an order on your site, the order is sent to the original seller or manufacturer who packages and delivers your order while you earn a sizeable commission. You can do it with local sites or giants like Amazon and Aliexpress.
Read more: 10 Businesses You Can Start With N20,000 or Less! 2020 Update
Buy and sell with confidence from your phone using the Jiji app
