How to Make Money While I Slept.
The goal after reading the bible – The Four Hour Work Week.
It’s been a life goal of mine and will continue to be.
Because who doesn’t like sleeping? And who doesn’t like making money?
It took me lot’s of trial and error and playing around with different business models so hopefully this will help you and just copy what I’ve done.
1. Make a YouTube Channel
I published my first video back October 6th, 2012. It was so crappy.
It took 6 months before I made my first $1 from YouTube.
Those 6 months were brutal. And the entire process just felt like a waste of time.
There were many times that I just wanted to call it quits and to focus on something that made me more money for the time I was putting into it. But luckily, I continued to pump out more and more videos.
After a year of consistently publishing 2-3 videos a week, I now make an extra$50-$80/day simply by the ads that run before my video is played.
The reason why I love this online business idea is because these videos will last forever. And the views that I receive on a daily basis still remain consistent even if I don’t post videos for a while.
Here is how this business idea makes money:
- Google pays you to run ads on your videos
- Affiliate sales by recommending products in the description
- Driving the traffic to your blog (most recommended)
Once you have a good amount of videos up, YouTube can provide constant flow of traffic to your affiliate offers and products or services. Its this constant flow that gives you the ability to make money in your sleep.
Here’s how I got started:
- Research the niche that you want to get into
- Find videos with high views and low subscribers
- Make 10-15 videos about those similar topics
- Once you have those corner stone videos getting views from being shown in the related videos on the similar videos you modeled, consistently pump out at least 2-3 videos a week
- Watch your subscribers slowly grow over time
This is the exact process I used to go from zero subscribers to now around 250-500 subscribers a day.
2. Blogging
As awesome as YouTube is, blogging is far more powerful. Why is that you ask?
Well for one, when people are viewing your YouTube videos, you technically do not own any of those viewers; YouTube does. In most cases it’s no problem, but all it takes is one mistake with YouTube’s terms & conditions and you’re out of a business.
Blogging is different. You are the one that owns all the traffic that comes to your site. Meaning you will always be in business as long as you focus on providing value.
I didn’t start focusing on this business idea until the beginning of 2017.
All I regret is one thing: I wish I would have started sooner.
Not only has blogging allowed me to help impact more people, it has also given me the ability to showcase all of my best resources for teaching people how to make money online in one place.
When I first started blogging, I was not computer savvy at all and had no idea how to create a blog. But luckily, Bluehost (the hosting service that Robbiesharp.com was initially built on) helped guide me throughout the entire process, and I had my blog up and running in no more than 10 minutes.
Make sure you check out these resources if you are interested in this business idea:
- How to create a wordpress website with bluehost
- How to setup your wordpress website
- What are the best plugins to use
3. Sell an Ebook
It really is so easy to create and sell a book these days. Either an ebook, or an actual paperback book.
With the amazing beast that is Amazon, it gives us now the ability to print and send a paperbook book, once it’s sold.
In the past, you need to either print the books yourself, and send them out. Or get a book deal from a publisher.
One of the benefits of creating a blog is that you can monetize all the material on it in a more organized fashion in the form of a book.
The key is to create a book that is “evergreen”.
This mean that in 2 years time it won’t become outdated. If you did a book on facebook marketing, I can guarantee it won’t be relevant.
If you did it on dog training, and how to raise the perfect puppy – the chances of that information staying relevant are pretty good.
Do the work once, and let the income roll in.
This Income becomes “passive” and it’s not going anywhere.
4. Sell a Course
So if you focused your attention on building up a YouTube brand and a blog, naturally people will want to learn directly from you. They will thank you for all the free content that you have given them, and they’ll tell you how it was all life changing.
I remember when I got my first thank you email on how my free content on my blog and YouTube channels had helped someone make their first $100 online. It was mind blowing. I didn’t know how much of an impact I was actually having on people.
And these people that you have helped get initial success..
They will want more.
When I first got to this point, I tried helping everyone one on one as much as I could. But as my brand grew, I started to lose my time because I couldn’t help thousands of people personally every single day.
So to make things easier for myself and for everyone else, I ended up making a course. I realized that every single person I taught, I taught the exact same thing. So if I could organize them all into a video screen share tutorial, then it would give me the ability to impact more people.
Make sure you check out these resources if you are interested in this business idea:
5. Affiliate Marketing
Now as your brand grows because of the amount of value you provide, your audience will begin asking for more products that have helped you out.
For example for me, people wanted to know the exact softwares I was using to run my business.
The two major ones that I use are Shopify for anything eCommerce related and Clickfunnels for anything sales funnels related.
And since these two had affiliate programs, I would get a commission whenever I would recommend these products.
I would have recommended these products regardless. But with affiliate marketing, I get paid to share the products that I personally love using.
Make sure you check out these resources if you are interested in this business idea:
6. Product Sales Funnels
Product sales funnels are amazing. What are they? In essence, they give you the ability to sell more shit.
Plain and simple.
Product sales funnels have these things called up sells, down sells, cross sells, all of these increase the lifetime value of a customer.
I highly recommend product sales funnels because they are the most efficient in making high revenues with low spend on advertising.
Here are some highly recommended resources for this business idea:
7. Drop Shipping
Drop shipping is basically you selling a product that you don’t have to a customer.
After you make the sale, you take the money that your customer paid you and use it to buy the product directly from the manufacturer at a lower cost.
You keep the difference as profit.
I love this business model because it is perfect for people that are short on funds. And once you have some systems in place, it is very easy to make money while you sleep.
In order to get people to your Shopify store, you really need to know how to use paid advertising strategies such as Facebook, Youtube or Instagram.
Conclusion
So there you have it. 7 online business ideas that have successfully given me the ability to make money while I sleep.
But why should you care?
Because you shouldn’t.
At the end of the day, your biggest goal is to begin to get results for yourself.
But how can that be possible when you aren’t taking action?
I know creating your first online business can be tough, and seeing other people’s success can be inspirational yet discouraging all at the same time.
But do not play “the victim” mentality and allow yourself to think, “Oh that would never work for me,” because at the end of the day I am a normal average human being.
And if I was able to do it, then what is stopping you?
Stop waiting on the side lines. Stop reading the achievements of better men/women. And do something today that can change the course of the rest of your life forever.