avatarM Mahfujur Rahman, PhD

Summary

The article discusses various methods for generating passive income, including creating online courses, writing on Medium, producing YouTube videos, streaming on Twitch, and developing AI-driven projects.

Abstract

The author of the article presents a range of strategies for earning money passively. The primary focus is on leveraging online platforms to create income streams that require an initial investment of time or resources but can yield earnings continuously, even during sleep. The strategies include developing and selling online courses on platforms like Udemy, writing articles on Medium and monetizing them, creating and monetizing YouTube videos, streaming on Twitch, and building and selling artificial intelligence projects. The article emphasizes the potential of these methods to provide financial returns over time with consistent effort and expertise in relevant fields.

Opinions

  • Developing an online course is highlighted as a lucrative option due to the growing online education market.
  • Writing on Medium is recommended for those with a passion for writing, suggesting that consistent effort can lead to financial rewards.
  • YouTube is suggested as a platform for earning money through video content creation, particularly for those who already have scripts or content prepared.
  • Twitch is presented as a viable platform for monetization through various means such as subscriptions, donations, and advertisements.
  • The author expresses that artificial intelligence projects can be a significant source of income, especially for individuals skilled in machine learning and computer vision.
  • The article implies that a one-time investment in creating content or projects can lead to sustained income over time.
  • The author encourages supporting writers on Medium by becoming a member, hinting at the mutual benefits of such a partnership.

Making Money While You Are Asleep

Expect the best

Photo by bruce mars on Unsplash

“To get rich, you have to be making money while you’re asleep,” said David Bailey.

Who wouldn't want to make money?

In this post, I will share some ideas for making money. These ideas will allow you to earn money while you will asleep.

My first choice is to develop an online course. The market for online education is growing dramatically. Nowadays, a huge amount of people are learning different topics online. If you are an expert on any topic, you can design one course and make a video tutorial for a platform. Udemy is one of the great platforms for online courses. For online courses, you will invest time for onetime, but you can earn money while you are sleeping.

Let’s see my second opinion about making money. Already you know it! Medium is a great platform to earn money. If you are consistent and have a passion for writing, surely you will earn money by writing your story. To get more views and reads for your posts, you can read Proven 4 Tips For The New Writers”.

YouTube is my third choice. You can make videos on your favorite topics. For example, if you are passionate about machine learning, you can make videos related to machine learning and upload them to YouTube. You cannot earn money from Youtube instantly. You will need to fulfill certain criteria to monetize your videos on Youtube. Making videos for blog writers are comparatively easy as we have already the scripts. We just need to add our voice and images. If you are shy, you can create faceless videos. If you are consistent in making videos, you can earn money with the same efforts that you are giving in the medium.

You can consider Twitch also. It’s a great platform for live video streaming. On Twitch, you can make money via crowdsourced subscriptions, viewer donations, and Twitch Bits. You can make money from the advertisements, brand sponsorships, affiliate marketing, merchandising, and game sales — all are the sources of revenue from Twitch. You can also upload the same streams on YouTube and earn money.

Now I am talking about the last but most important source of making money which needs onetime investment also. Artificial intelligence (AI) is now on everyone’s lips, and shortly, it will transform the way we live. From space exploration to protein folding problems, AI has already demonstrated tremendous delicacy. Machine learning and deep learning, the fuel of AI, have helped us to advance in a variety of fields. Machine learning and deep learning are the new electricity. If you are good at machine learning and computer vision, you can build some real-world projects. Lots of people out there waiting to buy your cool machine learning, deep learning, and computer vision projects. This idea of making money also requires a one-time investment.

That’s all for today. Thanks for reading.

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