Earn money in your sleep
netmagazine.com
Earn money in your sleep
1–10 of 46 posts
Re: Earn money in your sleep
#2Earning money while sleeping is not that difficult. I (living in Europe) run a site with many visitors from US and Japan. Most of the revenues are generated during my sleep time. ;-)
Re: Earn money in your sleep
#3adii ftw!
Re: Earn money in your sleep
#4Isn't that the defining characteristic of all SaaS and web product-based companies?
Re: Earn money in your sleep
#5Isn't that the difference between an entrepreneur and a freelancer? Freelancers only get paid when they're working and entrepreneur's set up businesses bigger than themselves where they can make money while they're not working (sleeping).
Re: Earn money in your sleep
#6Good read, but what the article only mentions at the end is that the first step for all of these strategies is:
"Work really, really hard."
Writing a book, creating a whole icon set, or creating GitHub are all much harder and more time-consuming than doing client work.
So I think the biggest barrier to earning money while you sleep is probably the amount of work involved, not the lack of ideas.
Re: Earn money in your sleep
#7Good read, but what the article only mentions at the end is that the first step for all of these strategies is: "Work really, really hard." Writing a book, creating a whole icon set, or creating GitHub are all much harder and more time-consuming than doing client work. So I think the biggest barrier to earning money while you sleep is probably the amount of work involved, not the lack of ideas.
The difference between the two is that work for a client can typically only be sold once. Work like creating an icon set or writing a book can be sold infinitely and require virtually no post-support. Additionally, those streams of income can continue while you're working on more client work if that's your thing.
Re: Earn money in your sleep
#8Isn't that the difference between an entrepreneur and a freelancer? Freelancers only get paid when they're working and entrepreneur's set up businesses bigger than themselves where they can make money while they're not working (sleeping).
I see the main difference as whether you're making the decisions on what to build/sell, versus doing it to a specification given by a client.
It somewhat correlates in tech, but in most industries entrepreneurs aren't defined as making money while they sleep. For example, a very traditional kind of entrepreneurial activity is to open a brick-and-mortar shop. A mom-and-pop bakery doesn't make money when they aren't there, but is entrepreneurial (in fact opening a bakery is basically the economics textbook example of entrepreneurship).
Re: Earn money in your sleep
#9Good read, but what the article only mentions at the end is that the first step for all of these strategies is: "Work really, really hard." Writing a book, creating a whole icon set, or creating GitHub are all much harder and more time-consuming than doing client work. So I think the biggest barrier to earning money while you sleep is probably the amount of work involved, not the lack of ideas.
The difference between the two is that work for a client can typically only be sold once. Work like creating an icon set or writing a book can be sold infinitely and require virtually no post-support. Additionally, those streams of income can continue while you're working on more client work if that's your thing.
Not necessarily, for some client work I've reduced my price in exchange for full ownership (or rather, co-ownership) of the product I've developed. That way I can do with it what I want.
Re: Earn money in your sleep
#10Good read, but what the article only mentions at the end is that the first step for all of these strategies is: "Work really, really hard." Writing a book, creating a whole icon set, or creating GitHub are all much harder and more time-consuming than doing client work. So I think the biggest barrier to earning money while you sleep is probably the amount of work involved, not the lack of ideas.
The difference between the two is that work for a client can typically only be sold once. Work like creating an icon set or writing a book can be sold infinitely and require virtually no post-support. Additionally, those streams of income can continue while you're working on more client work if that's your thing.
Except you can also scale your consulting business by hiring or tying up with other devs. This means you can still earn while others are working for you!