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Making Money While You Sleep – Is This True?
Is making money while you sleep even possible? Many new website builders ask this exact question as it seems too good to be true. It doesn’t help that we all know the old saying “If it seems to good to true, then it usually is”. Knowing this definitely puts a negative spin on making money while you sleep, but I can tell you that it does happen. I have been making money while I sleep for years now.
When my first email message popped into my inbox with the subject line “You have earned a commission”, an amazing sense of truth came to me. Wow it was true. You could make money while sleeping. I read this article by John Morrow about how he makes money while he sleeps. It reminded me of how lucky I am to do the same thing and I wanted to share my experiences.
Of course I have shown previously how I make money online with WordPress Websites but in this article I am trying to explain different montetization methods and how they create income while you sleep.
How do you get to make money while you sleep?
Well I guess the main way to make money while you sleep is to have something for people to buy any time of the day or night. If you are not selling anything, you cannot make the money.
The next thing is to make sure you do not have to physically be there to help the person make the purchase. Therefore a person can buy a product or service, pay for it and receive their goods, all without you doing a thing.
This does not mean you have to sell your own products either, as most affiliate sales are also hands off for you. All you have to do is get the person to buy, the rest is history. How amazing is that? It’s not like you have to stand in a shop and greet the customer, convince them to buy, and take their money. None of this is necessary on the internet.
The other way is to have advertising on your site.
In Comes Automated Sales
I guess I have explained that I do not have to anything to make a sale. If I am selling someone else’s product I am not responsible for any of the sales automation, however if it is my own product I am.
At this point I would like to give you a few examples of how I make money while I sleep. (Actually I make money at any time of the day, but this sounds good)
The first way involves me automating the sales process.
In the early days of building websites, I had it in my head that every website needed an ebook to sell. Therefore I created ebooks to sell. Some were from the content already published on the website, and others were written from scratch.
Ok so I created an Ebook called “Simple computer basics ABC 123″ about 5 years ago. I still sell this Ebook today (although it has been updated), and it still makes money while I sleep. I wake up every morning and check my Ebook sales that have come through in the middle of the night. This is fun.
I am actually using Clickbank to automate this sales process for me. Back in the old days, I used to have a Paypal button and I sometimes still do on other products. When it is your own product you are responsible for support to your customer and refunds if any.
Check out my Computer Basics Ebook sales page as an example for you. It is kind of unfinished as I am in the middle of a revamp..But it still makes sales. ??? Also recently I changed my theme to thesis and purchased Hesham Zebida’s Thesis Awesome skin and the conversions have doubled! As you can see it is a very neat sales page.
Having a website or two is very handy when you are affiliate marketing so if you haven’t taken the plunge, I suggest you build a website soon. Having a website gives me a solid place to add my affiliate links to and hopefully make sales.
Again, I wake up in the morning and check my affiliate accounts. They tick over with money rolling in at any time.
Although I believe that content is not the only king of all this success, I have articles that are at least 4 years old, still making me money today! The reason is that I went back and continually updated them to be relevant for todays standards. I did not let my content waste away like some people do.
Adsense and Amazon
Adsense earnings tick over 24 hours a day, therefore this is a great example of earning money while you sleep. This was how I started making money online and I still do. When I first started out, checking your Adsense earnings was a morning ritual. Some people say you cannot make money with Adsense but those people are the ones that have not been there and done that! Same with making money with Amazon. They are both very serious ways to earn money while you sleep. If you turn your nose up at these methods you are very inexperienced. I mean Adsense does not fit all sites, but for some it is a perfect backdrop.
My Favorite Way to Earn Money While you Sleep?
I could list a 1000 different ways to make money while you sleep and I have mentioned a couple of good ways above, however I have a favourite. It is selling other peoples products that give me recurring commissions. That means I get paid over and over for the one sale I made. I have written about this on my blog previously. (Links are shown below)
This is the kind of income that gets me excited because I get recurring commission for something I did not create and do not maintain.
Sometimes I wonder if it is worth having a product where support is needed or even upgrades. I relate this to being tied down to something you have to do. Its like having to show up for work or having to supervise your staff. Its all something you have to do…
My problem is I do not want to have to do anything! I am doing all this for freedom. Freedom to do what ever I want, when ever I want, and still earn a decent income. Absolutely no stress.
An example of hands off income
Check out my screen shot below. It might not look like much to you, but this is my type of income that I have been very patiently building. On average I get $20 per sale and this sales gets re-billed every year. I have other commissions that give me $100 flat per sale but they are not recurring so the fun is over.
Think about these earnings I have shown you. This is for one measly product I sell off this website. Soon this product will be earning me $500 a month and then $1000. That will be $12,000 a year but of course my goal is higher than that. The amazing thing is that is just one product!
And I do not have to offer support to any customers!
This is earnings from Elegant themes so if you are in a niche that could sell this I suggest you buy this program (through my link ) and start selling this too!! It sells easily because the product is just so fantastic!
Build a passive income stream
To build a way to earn passive income, initially it does take work. This work will generally be to set-up up a system that will enable you to earn money while you sleep.
If you have some spare cash then buying someone elses passive income system is a great investment. But hey, we all don’t have that luxury.
Examples of systems that earn money while you sleep
#1. Build an authority website
- Create exceptional content and promote it
- Turn the traffic into money (advertising, affiliate links)
- Invite guest posters in
- Employ a writer, blog manager, promoter, let it run
- hen your site is popular everyone wants to contribute anyway
- Sit back and collect the cash
- Write an exceptional Ebook or Course
- Create a website for this
- Add this Ebook to Clickbank or Amazon as a Kindle
- Organize auto delivery of product
- Gather affiliates to sell the book for you
- Sit back and collect the cash
These systems are set in place so you do not have to work after the system is set up. You can even setup a website for someone else’s product and do the same thing. As long as the system on the backend is taken care of. Here is an example of a website I made in a few hours about Keyword Winner Review. I really love this simple plugin and thought I would whip up a site about it..
Has this site made money? Yes about 4 sales. I have not done anything to it though, which I should, and I even had to search in Google to find it.. I also could not sign into my WordPress dashboard because I had forgotten my username and password?
Could this site make me money while I sleep? Yes of course, but I would need to invest some time into the site with more content and promotion. Doing something like this also depends on the products shelf life. I was actually thinking of using this for an experiment with article marketing to prove it still works.
How Did I Get to this Stage?
All of this does not happen over night and if you know me, I am always truthful about the hard work it takes to build a successful website business. There is no bullsh*t here. I have been working on my main website for 5 or more years. I didn’t go at it like a bull at a gate either. I was too busy absorbing all the information I needed to become successful in this business.
I have spent all this time creating quality content, promoting it, optimizing it, promoting it again, tweaking sales goals and repairing website errors. I did not sit around thinking or talking about it, I just did it! Everyday I woke up dreaming of new content and how I could monetize it for the future.
I relate my work to building a house. I might only lay one or two bricks a day for my house, but look at what I have now? I have about five finished houses (5 top websites) and many more that I am still laying bricks for. This is all because I took a risk (that’s what I thought at the time) and purchased Hostgator hosting for $4.95 a month. It just sounds too crazy to believe. Now I can make $4.95 with just one Adsense click or 5 times that on affiliate commissions!
The internet never turns off and this means your offers are available 24 hours a days, even when you are snoring your head off!
Making Money While You Sleep Is Not a Dream