How To Generate Income While You Sleep

Build A Business
To start off, know that being an employee can be great, especially if you land a great job with benefits. Note that the real returns will begin to add up once you shift some of your determination to being a business owner.

Initiate additional work as a freelancer or by doing self-employed efforts. Do this by using the money from your employed income, borrowing money from friends and relatives or finding start-up grants from venture capitalists. As you make more profit, put it back into the same business and upgrade and grow as best as possible over time.

You may scale your company along a path of mostly freelancers assisting you to then employ full-time workers. As your business expands, look to also change your executive structure, forge new business partnerships and opportunities and also employ and build other people and contractors. 

For example, I started a few companies in my 30s and now that I’m older in my 40s, I am ensuring that other avenues for networking, expansion of the initial businesses and the creation of others move along as years progress.

The next stage may even be to expand to other offices and create real estate value for your company.

Create Real Estate Opportunities

One of the truths about Starbucks is that although they provide gourmet and specialized coffee at cheap prices, they also have lots of building assets. To house, a Starbucks cafe requires a building that of course, can be owned by the company. Buildings can then increase in real estate value which depends on a few factors such as location, inflation, and usage value.

That example is just a clear indication of how you also can create places of revenue generation from land and buildings. You may choose to franchise it to other businesses, rent it, or AirBnB it. The areas we move into such as houses can become similar places of income once we finalize mortgage payments and move on to other properties.

For example, I’ve done real estate earnings through Airbnb. Properties that I utilize and rent for periodic borders have really netted me a bit of profit over the years.