Jan 08, 2017 12:13 AM EST By Audri Taylors, UniversityHerald Reporter

Whether you're trying to pay off credit card debts or save some amount for your emergency funds or invest your money in your bank, earning a little extra money can help you get to your financial goals. However, you only have so many hours in a day that it can be nearly impossible to add another side hustle to your busy schedule. But, wouldn't it sound great if you can learn how to earn more without really having to work additional hours? Earning money while sleeping is actually possible.

That's the beauty of earning passive incomes - the ability to grow your money while you sleep. If it sounds too good to be true, here are some ways to earn money on the side with very little effort.

Start a blog

According to Entrepreneur, one of the most popular and effective way to earn a passive income is by launching your own blog. It does not take very long to set up a blog and it does not even cost a lot. All you have to do is to purchase your domain name, and you can start sharing content that will be interesting for readers. Gaining a lot of followers is the first step to making more money through your blog.

Sell your own niche product

There's really a tough competition in the online market when it comes to selling products so you have to choose the product you know well about, and you can talk and write about, according to INC. It is important that you have to plenty of knowledge about the products you are selling.

Create your own website

Though you can have someone create your website for you, building it on your own will be the best option. Why? Because if you need to make changes on your website along the way, you can do it immediately, and you will save yourself a lot of money and time if you can make those changes yourself.

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