Vikram Brahma is a Digitalpreneur, Author, Blogger, Writer, & YouTuber. He loves to write content & spend time working from home.
Well, I am so excited to write about this topic. Who doesn’t want to earn money while sleeping? And if you want to become rich and wealthy then you must learn these techniques.
I am personally using some of these techniques which I have mentioned below. And I am sure you are also excited to read about this article.
Before you take the advantages of any of these topics mentioned below remember it is not a get rich quick scheme. You cannot make money by using these systems if you are not ready to put the hard work. Before you start making passive income, you have to learn these skills and do some hard work.
Remember, first you have to create a system then you can expect to make money out of them. And the best part is since I am a digital entrepreneur I am sharing those ideas which you can start by sitting at your home. So, let’s get started.
Create A YouTube Channel
Nowadays, people like watching videos and thanks to lockdown people prefer watching videos on mobiles. If you like making videos then go ahead and start sharing videos on YouTube. Create your own channel and start sharing information with people.
Before you start making videos make sure you select one particular niche and focus making videos related to that topic. For example, if you like sharing information about digital marketing and focus on that topic only.
Don’t make one video related to digital marketing and the next day related to travelling and next day related to movies. Stick to one niche and it will help the audience to identify your strength.
Once you will fulfill basic criteria like 1000 subscribers and 4000 watch hours then you can monetize your channel and start making money. If you get up to 1 million views per month then expect to earn well. But even if you get half a million views per month then also you can expect to earn well.
Create A Blog
Many people don’t know the power of creating a blog in the right way. I have seen and I know a few successful bloggers. If money is what excites you then know that they are making over $10,000 per month.
Of course to reach this stage they have worked hard day and night. Success in any field is not about one month’s job, nothings work that way.
In the same way, creating successful blogs takes time but once you will able to build the right audience and readers for your blog then the sky is the limit. I can in fact tell you name of many bloggers in many niches who are making awesome money from this system. And that’s why I love blogging.
There is no particular time or month when you can say by that month I will be a successful blogger. Some can get success in 6 months, others can take up to 2-3 years to start making even their first dollar.
Investing In The Stock Market
I know you are feeling little nervous and might be thinking about how we can make money while we sleep through the stock market. Well, many people have no idea that the stock market is one of the biggest money generators in the world.
Have you ever thought how Warren Buffett is getting rich every month and year? Why Mukesh Ambani, Elon Musk or Jeff Bezos are becoming super-rich even during a lockdown? Well, one main reason because their company’s stock price is going higher and higher.
If you have acquired a good amount of stocks of Facebook or Tesla or Zoom in the month of March 2020 by now the value of those shares would have multiplied.
To be honest I am still learning these things but I apply these techniques only in my Indian stock market. I started with small investment and value of them are growing even if I do nothing actively for those stocks. For example, how would you feel if tomorrow if you invest Rs.50,000 will become Rs. 2,00,000 in just one year or two years. Yes, such things are possible. But yes, it takes time and you must devote some time to master some of these skills.
Writing Articles And Books
Do you love writing and sharing content online? Then you can start your career by writing articles and books online. Nowadays, there are many forums/platforms where you can write online and make money.
For example, you can write for forums like HubPages and medium. And you can even write books and become an author. Not only this, you can even offer your service online and write content for clients. If you write for forums you can get paid for a lifetime depending upon the readership.
Plus, nowadays you can write books and publish them online through Amazon Kindle and other online platforms. But remember to become successful in this you will have to learn how to do marketing in the perfect way. Writing is only one part, editing, formatting and marketing like a pro are other important aspects of publishing your book online.
State Your eCommerce Business
Another good online business which you can start is related to building an eCommerce website. This is definitely one sector which is growing a lot and in fact, the world richest man alive also started building his online business by selling books by building an eCommerce website.
There are many ways through which you can start this business. For example, you can start with merge by Amazon or Print on Demand (POD) or by becoming a reseller or by doing Affiliate Marketing or if you have own products then you can start your own eCommerce company.
Actually, within each topic, there are various ways through which you can start and build your business. In this regarding, I have written one separate article as to how you can start this business online. If you are interested you can read my other article. Here is the link:
Thanks in advance.
Once you will create these systems online then you can enjoy the benefits for a long time. But before I end, I again warn you that these systems take time to build and you need to work hard for a few months and years then only you can expect to get some desired results.
I am an optimistic person and I am sure I can work hard for a few years and build these systems one by one. And be sure that even while you are taking rest someone else might be reading your articles, or books, or blog or even watching some videos from your YouTube channel.
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
© 2020 Vikram Brahma
Vikram Brahma (author) from Assam, India on November 29, 2020:
Thank you, Holley, for your comments. I always hope that the blog and articles are a good way to share information with others. I am also excited to do my own research and will love to create my system to earn passive income. Thank you for writing a positive review about the article.
Holley Hyler from Upstate New York on November 29, 2020:
Hi Vikram, I agree with the comment about your article title - nicely done. It is so smart to set up passive income, especially while so many of us have been used to exchanging our time for money. It is possible to work doing things we enjoy without feeling like we have to sell a huge chunk of our time. Nicely written article, and I find your positivity refreshing.
Vikram Brahma (author) from Assam, India on November 29, 2020:
My friend, Eurofile, I also dream of having multiple sources of income and ready to work hard day and night. I believe by 2022 I will surely achieve this. And I love to share my experience so others can get the right information and inspirations. Thanks for commenting.
Liz Westwood from UK on November 28, 2020:
Full marks for an eye catching title. It seems that before the rest comes the hard work of setting up good quality enterprises.