Typically, money that comes to you without the need to do work actively is called passive income. In short, it's the income you earn while taking a nap on a lazy afternoon or sipping cocktails on a beach. The best part is that passive income gives you financial freedom.

That way, you don't have to spend your valuable time trading for dollar bills. Passive income allows you to earn money while you can focus on other things in life. These might include giving time to your family, nurturing hobbies, or looking for other passions.

Hence, if you want to make money without compromising other important aspects of your life, enter the fascinating world of passive income. This post lists nine ways that help you make money even if you are sleeping.

1. Cloud Mining

With the rising demands of cryptocurrency, traditional ways of mining are considered expensive and time-consuming. Cloud mining is the new technology that makes cryptocurrency mining a breeze. If you are looking for cloud mining, FancyCrypto is the best place to get started.

FancyCrypto started in 2016 and has won the trust of over 3,600,000 users. They are a pioneer service provider of quality cloud mining. FancyCrypto is easy to use and you don't have to download and install it.

FancyCrypto has a variety of cryptocurrencies such as Filecoin, Dashcoin, Litecoin, Dogecoin, Bitcoin, and so on. You can choose any of them to fulfill your mining objectives. There are no hidden fees, either. Some of the advantages include the following.

• A sign-up bonus of $10

• Daily payouts

• Commission for the affiliate program is up to 3%

• Eco-friendly mining

• 24/7 live support

Investment package:

• $100 for 2 days gives you $100 plus $5

• $300 for 5 days gives you $300 plus $24

• $800 for 10 days gives you $800 plus $144

• $1500 for 15 days gives you $1500 plus $438.75

• $3000 for 28 days gives you $3000 plus $1806

• $5000 for 56 days gives you $5000 plus $6580

FancyCrypto is a leading cloud mining service provider that offers amazing mining machinery, a variety of services, transparent business practices, a user-friendly interface, and many more. Visit https://Fancycrypto.com.

2. Use ChatGPT to create videos

There is no denying that there are several niche categories that are yet to be investigated on the internet. That way, you can create video content that will serve the needs of people. In that case, you can use ChatGPT and find out the suggested videos intended for a specific category.

Next, you can use ChatGPT to produce scripts for your YouTube videos. When you are done, visit invideo.io or pictory.ai to produce films instantly from the texts along with narration generated by AI. When you post the videos to YouTube, it will help you earn extra cash.

3. Start a niche website

Find a popular topic after defining your niche to start your website, you can use Google Keyword Planner or another similar application to do keyword research. Choose a topic of your choice and write content accordingly. Don't choose competitive topics because they are less demanding.

And, too many people search for them online. Also, don't go for generic keywords because they are used even by low-authority websites. Besides, they don't get enough traffic from search engines such as Bing or Google.

4. Become a virtual assistant

A virtual assistant can work from anywhere on a wide range of tasks with several people at the same time. All you need to have is a good memory, a good understanding of technology, and stay organized.

There are different types of tasks for virtual assistants. Some people can perform deep research, others write impressive emails, and others can create content for websites or marketing campaigns using their expertise or given by their clients.

5. Dropshipping

Dropshipping allows you to sell others' products online without the need to stock physically. Find a supplier that agrees to handle storing, packing, and shipping the items to customers. Promote and sell the products from your online store at a markup price.

When a customer places an order, you forward the same to the supplier. They will fulfill the order by sending the selected item to the customer directly. For example, the customer pays you $100 and you give $65 to the supplier. The difference of $35 is your profit.

6. Sell Courses Online

Creating and selling courses online is another great source of passive income. If you are knowledgeable about a specific subject, create courses and sell them online. There are several platforms such as Coursera, Teachable, and Udemy.

Your courses will become assets and you earn constant income whenever someone buys them. Although the initial effort might be time-consuming, the outcome is pretty impressive. Market your courses the right way and you will earn passive income in no time.

7. Develop an App

While the option seems a bit technical, you can have your app without the need to learn to code. These days, you can find several options online that help you create your app using various types of tools regardless of having zero knowledge of programming.

Fill out the form by choosing your preferred template and downloading the document instantly. When you have the source code, you can make several changes before publishing the same on Google Play or App Store. The in-app purchases give you a constant flow of cash.

8. Affiliate Marketing

Another great way to generate consistent cash flow is through affiliate marketing. The good thing about affiliate marketing is that you don't need money or a little amount to start. All you have to do is promote other people's services or products.

In return, they give you a commission on each sale that customers make using your unique affiliate link. Promote the products on your blogs or social media platforms to get maximum clicks.

9. Rent out your property

If you have a considerable amount of property, consider renting extra space to people through online platforms like Airbnb. It's a great way to leverage your assets and earn a lot of money without the need to invest your valuable time or even put in additional investment. It's a cost-effective way of generating passive income.