Making money while you sleep. It sounds like a dream come true, doesn’t it? In fact, it’s easy to pass the idea off as a scam, simply because it sounds so unachievable. And, in fairness, many scammers do play on this idea to sell bogus products or ideas that simply don’t work.
But, that’s not what I’m here to do. I’m not going to vaguely talk about a system or hype up the idea without giving you any real information. Instead, I’m going to tell you honestly how I actually make money while I sleep – and how you can do the same.
And, so that we’re on the same page from the beginning, I’ll also say that this isn’t some get rich quick scheme. I’m not talking about a way to make a ton of money by manipulating a loophole or anything like that. Instead, I’m talking about a long-term business strategy, one that stands the test of time.
My Experiences Making Money Online
To some degree or another, I’ve been making money online since around 2010. To me, the idea sounded amazing, particularly because at 25 I still didn’t know what conventional job I wanted to get into.
As you can probably imagine, I ran into many sites online that promoted different techniques. But, most of them heavily relied on hype and on very specific systems, while teaching little about how to actually make money.
At the same time, most of the ideas required considerable investment and were unrealistic as ways to make money anyway. Instead, they just convinced people to get involved by claiming that earning money was fast and effortless.
Well, it’s not.
Making money online is just like any other type of business, it takes work. You have to be willing to put in the time and the effort. If you’re not, then you won’t be able to create something successful.
At best, fast and easy techniques only work for a limited time, typically because they’re taking advantage of some loophole or trick. But, in most cases, these techniques don’t work at all and you end up wasting your money.
Nevertheless, there are multiple effective approaches to make money online in the long term. These are ideas that don’t involve excessive risk and can actually work.
For example, some people develop freelancing businesses, where they are effectively selling skills. Others sell physical products online and may rely on sites like Amazon or Etsy to do so. Another interesting approach is the idea of making money from ads, a process that I’ve tried myself.
All of these areas can work and they are profitable for some people. But, that isn’t the focus of this post. Instead, I’m looking at how I make money. Primarily, I do this through the process of affiliate marketing.
Now, I may be biased, but I consider affiliate marketing to be the most powerful way to make money online. This is because the costs are fairly low and the income potential is basically limitless. The low level of costs also means that the risk is much lower than with many other methods of making money online.
Unlike most other techniques, affiliate marketing doesn’t involve making direct sales. Instead, you’re promoting products that come from other companies. Basically, you use links to send customers to the website of the product you’re talking about. In return, you earn a commission for any sales that occur after someone clicks your link.
As a result, you don’t have to manage a shopping cart, product returns or anything like that. For that matter, you’re not even dealing with actual products. Instead, you’re directing people to a website, where they then make purchases themselves.
These aspects make it much easier to increase your profits with affiliate marketing. After all, you don’t have to interact with individual customers or actively manage sales.
Affiliate Marketing As A Business
If you’re going to get involved in affiliate marketing, then creating a website is a critical step. Theoretically, you can make money just by using affiliate links on forums and social media but that never works very well.
Instead, you would just end up spamming people and you may get your account blocked. For that matter, many affiliate programs require you to have a website anyway.
Website creation was once difficult but that really isn’t the case anymore. Instead, the process has become easier and easier. Right now, developing a website mostly just involves dragging and dropping, and you can create stunning sites without ever touching the underlying code.
Having a website is critical for online business because it gives you the chance to develop and grow a reputation of your own. Websites are also much less expensive than most people realize and it truly is worth investing on one.
With affiliate marketing, you’re trying to get people to buy products (or sometimes services). There are various ways to do this but most people focus on sites that provide information to visitors.
For example, brewing beer is one of my hobbies and at one point I started a website that focused on this topic. Doing so gave me the chance to talk about the process of brewing beer, my personal experiences and many other related areas.
At the same time, the site gave me the chance to review various products and recommend some things that I use personally. In turn, those reviews and suggestions become the perfect place to offer affiliate links.
There are countless examples of similar sites out there in every field that you can imagine. Yet, despite the competition, the income potential in affiliate marketing remains high.
This is because people are increasingly turning to the internet to research products and to shop. Being online really does make everything easier and shopping in this way is just going to get more popular.
At the same time, most websites will focus on a relatively narrow topic area. Beer brewing is one example of this and there are countless others. In some cases, sites choose to focus on a specific hobby, while others might focus on a specific type of audience (like stay-at-home moms) or even a single type of product (like razors or tablets).
This means that there are countless different areas that you could create a site in, including many that have relatively little competition. Additionally, you have the chance to make a business out of something that actually interests you.
Taking It To The Next Step
Affiliate marketing is an active approach for making money. In particular, you spend a considerable amount of time planning your site and researching keywords. You’re also investing time into actually developing content
So, how do I make money while I sleep?
For one thing, affiliate marketing doesn’t involve making sales directly. As a result, my sites can make money at any point of the day or night, regardless of whether I’m actively working on them or not.
This also means that I can take holidays. For example, I might write content ahead of time and schedule it to post while I’m away. Alternatively, I could even stop posting for a few weeks if I decided to.
The ability to do this is one of the great things about having an online business. You get to structure your business decisions around what works for you. That’s much better than a 9 to 5 office day. And, I don’t know about you, but I love the ability to just take off and go.
As you start to get more successful with your business, you can also take steps to reduce your workload. For example, many site owners (myself included) outsource some of their content creation work.
Doing so lets you have regular content on your site, without having to spend the time needed to develop it. Instead, you end up with more time to do the critical processes of planning and research.
In many cases, you can end up paying writers out of the profit that your site is making. As a result, you’re not losing anything. Because you have more time, the process even increases your potential for profit. You could even use the time to start a new website if you wanted to.
Personally, I’d never recommend outsourcing a website entirely. You would still want to be involved in planning and research, and you might also choose to monitor and edit content before you push it live. But, outsourcing is still a great way to cut down on your workload and increase your profit potential.
Getting Involved In Affiliate Marketing Yourself
Like many people, I had no idea about making money online when I started looking into it. Much of my education came from one place, a site called Wealthy Affiliate.
What attracted me was just how different the site was. Most other websites were filled with hype and pictures of luxury lifestyles. Wealthy Affiliate doesn’t have any of that. Instead, the site honestly talks about what’s involved in making money and how you have to work at it to be successful.
Additionally, the site is very clear about the underlying system and how you can make it work. In particular, Wealthy Affiliate provided me with step-by-step training and access to a large community that I could turn to for support, guidance or even idle conversation.
The information that I learned at Wealthy Affiliate helped me to create my first website and I have made a number since that point. Now, I make a ‘full time’ income online and am continuing to develop and grow various websites, some of which are more successful than others.
The training at Wealthy Affiliate is powerful because it can work for anyone. After all, I didn’t know what I was doing when I got started and most members are in the same position.