“If you don’t find a way to make money while you sleep, you will work until you die.” That is a quote from one of the world’s most successful persons. Warren Buffet, regarded as the world’s best investor and one of the founders of the Berkshire Hathaway company. Although the quote might seem a little bit harsh, there’s just no better way to say it than the way Buffet puts it.
Running an automated business has been revealed to be one of the surest ways to conquer poverty. However, in a rather saturated world, one of the biggest challenges of people has been to pick up an automated business idea and then see it grow to a larger height. This level has been known to be very hard for even some of the brave ones who have ventured into the automated business world to get pass. There could be a lot of reasons why that happened, but one of the reasons why they have failed to break even is due to the fact that they went with the wrong automated business idea. And this is why, in this article, I will be sharing with you some of the best automated business ideas that can make you a lot of money. Yes, it will make you a lot of money even while you are asleep.
Automated businesses are businesses that generate money on their own. They are basically a stream of income that does not rely on human efforts to continue flowing. And a fully automated business idea is a business idea that can generate a lot of money for you automatically even while you are awake or asleep. That is, without your effort.
This is quite different from the “delegation” business idea, which I define as a business idea that only generates money based on the presence of another person other than you (the owner).
Although both of them are passive income, automated businesses have been known to make a lot of money to the owner in the long run. This is a type of business idea that can provide you with continuous inflow (income) even when less was invested; and doing all this without stress of your own. Later on in this article, I will be showing you a few automated business ideas that you should know.
9 Top Automated Business Ideas
To start out your journey to success, an automated business is what you should be looking out for. And below are a few automated business ideas:
1. Create A Blog
First on our list of automated business ideas is creating a blog. Although not every blog is created with the aim of making money from them, there are a few platforms that you can use to monetize your blog. The most popular ones are.
NOTE that most of the automated business ideas we shall be addressing here all need initial efforts. You must have to apply some serious efforts at the early stage of the business until it grows to start paying you. At that time, whether you work or not, the business will still keep bringing in cool profit even while sleeping.
Although creating a blog does not really mean that one will be successful with it, it’s all about knowing the right thing to do in the blogging business. After receiving many inquiries about the blogging business from our readers, we decided to prepare a free guide on how to start a successful blog from scratch and make a lot of money. You may check the free guide HERE.
2. Create A YouTube Channel
Second on our list of automated business ideas is to start a YouTube channel. Creating a YouTube channel and being able to monetize it is a big challenge and in my opinion, a little harder than blogging. And the reason is that, making money from YouTube does not just end with creating a YouTube channel and uploading a few videos of it, rather you must be consistent on the channel and let it grow to more than a thousand subscribers before opting to monetize it. However, this is only valid if you are aiming to monetize the channel by joining the YouTube monetization platform. Although, you might still make money from your YouTube channel by posting advertising contents. Good luck starting a YouTube channel!😁
3. Start Selling Kindle Books
The internet and the usage of mobile phones have become widespread today in the world. And today, due to the advancement of technology, a lot of people are now reading books online in the form of “kindle e-books” or PDF. If you are an author, or someone with a great writing skill and ability, you can write e-books; fiction, nonfiction; and start selling them. Normally, you can create an eCommerce website where you can start selling your own kindle books.
However, there are a few platforms that allow you to sell Kindle books and the only thing that you will need to do is to write these books, and ensure that it meets their guidelines. One of the platforms that you can sell your kindle ebooks on is Amazon; as well as Sellfy and Payhip.com.
4. Sell Items On Selling Platforms
Other than letting them die a natural death, your old items can now be of great use, and that is through selling them. Although old items can be sold, new items can also be listed too and you can make money through sales even while you are asleep as the system is automated. Platforms likeVinted, Mercari and a lot of others are available. You can read how to sell on Vinted here, if you want to get started in the business.
5. Rent Out Your Properties
World richest man, Elon Musk once stated that he does not own a house and that he stays with his friends. Although you are not Elon Musk, the truth is still present, and that you can make money by renting out your property. This option is much preferable if you are actually traveling out and just want to have another foreigner, who is visiting your area for the short term to stay and while they pay you rent. Personally, I would not recommend you take up the Elon Musk act, but definitely, it is still a nice way to make money automatically.
6. Affiliate Marketing
Basically, Affiliate marketing is a type of performance-based marketing in which a business rewards affiliates for each visitor Or customer that they bring to their platform. Although this might sound to be a business that you need to be present on, it is indeed automated. An affiliate marketing business is an automated business idea and to make money, one needs to make purchases via your affiliate link. You can promote your affiliate link on blogs, websites, social media handles and a lot of other places where more persons are likely going to get referred. A few Affiliate marketing platforms are.
Rakuten Marketing (formerly LinkShare).
eBay Partner Network.
7. Sell Stock Photos
As a professional photographer, one of the ways that you can make cool cash automatically is through selling of stock photos online. This includes selling off the royalty of the image. Also, graphic designers are not left out, although the space is mostly utilized by photographers. As a stock photo seller, you can make up to $500 a month selling photos even while you are asleep. Below are some of the platforms that you can sell this stock photos.
8. Forex And Crypto Trading
Ever since the emergence of Bitcoin during the 2008 financial crisis, the digital currency has grown more and more popular. Investing in this digital asset has been known to generate a lot of income to many, as well as trading it. It is one of the ways to make money automatically as one can have an open trade running in profit even when they are asleep. This is the same for the Forex market, where world currencies are being traded. To get started, one needs to understand the basics of Forex and Crypto, what moves the forex or crypto market, some fundamental and technical analysis. As well as to select a top broker or Crypto exchange. Below are a few Forex Brokers and Crypto exchanges.
9. Ownership Of Mobile Applications
As a mobile app developer, or someone with tech skills, you can make money by owning mobile applications. However, the money does not come directly from owning these apps, rather, it comes from monetizing them. One of the monetization platforms for mobile apps is the Google AdMob, a sister advertising of the Google AdSense. One can create a Language app or a quiz app and have them uploaded on the play stores, and then make money from these apps, anytime they are used.
Frequently Asked Questions
Are Online Business Ideas Automated?
Though the majority of online businesses are automated, there are still some that are not automated.
What Makes A Business Automated?
What makes a business automated is the ability to run itself, with less to zero human efforts, and continuously bring in steady income even while the owner is sleeping.
Can I Automate My Business?
Yes, you can automate your business especially if it’s one of the businesses discussed in this article. To automate your business, all you have to do is invest the initial efforts and resources needed for the business to grow and start paying you.