One of the great parts about the online world is that a website and its domain name is like real estate - It can go up in value over time. In fact, sometimes just the domain name without the developed business can be worth quite a lot to some people. Of course, like almost anything mentioned here, the necessary know-how is required. If you’re willing to put some time into it, then you can earn a nice online income. So far I sold 4 domain names with an average price tag of a couple of thousand dollars. Nice income, considering I bought each domain for around $10….If this income stream interests you, check out flippa.com - It’s one of the best marketplaces I know for selling websites or domain names.
While there may be many ways to promote products nowadays, nothing beats classic word-of-mouth advertising. This is why ReferralCandy, one of the top 20 affiliate marketing software solutions, was created. An eCommerce store plugin, it lets you turn customers into advocates by rewarding them for telling their friends about your products. Marketed to small and large companies, this platform lets entrepreneurs provide incentives for referrals in various forms, such as cash, store credit, discounts, or free products. You can take a 30-day risk-free trial to see if ReferralCandy is a perfect fit for your company’s needs. Subscriptions start at $49 to $3999 a month, with the latter billed annually. In addition, they charge monthly commissions on top of their base fee that increasingly lowers as you reach referral revenue milestones.
You have a strong online presence. Of course, finding affiliates is only one aspect of starting this marketing program. To secure a partnership with these people and organizations, you must first have a good online presence to prove the credibility of your company. You can do this by consistently producing valuable content through blogs, social media, or your website. This makes it easier for potential affiliates to trust you and join your program.
Your website can manage affiliate traffic. Before you begin thinking about investing in this marketing scheme, you must also determine if your website is capable of managing affiliate traffic. Otherwise, you will need to find an application that offers attribution tracking to ensure that you are accurate in sorting the leads that your affiliates generate.
More Job Flexibility. When your job is your only source of income, you’re dependent on it. You’ll put up with unpleasant working conditions or unreasonable demands from a boss, because giving up your job would leave you with nothing to live on. But if you have some passive income to fall back on, you can afford to be choosier. You can cut back on your work hours and let your passive income make up for the lost wages. If you don’t like your current job, you can afford to ditch it for a new one that pays less, eking out your lower paycheck with passive income. And if you lose your job altogether, you’ll still have at least a little income to tide you over until you find a new one.
If you have a spare bedroom, you can find a roommate or list the space on AirBnB for travelers. Having a roommate is the more passive of the two, as being an Airbnb host will require more work in the form of turning over the room between stays. This is a super painless way to earn $500 to $1,000 a month without much effort – you may even be able to cover your mortgage payment with this extra income!
We usually think of Craigslist as a place to buy and trade random stuff, but Craigslist can actually be a great opportunity to sell your services online to an active and engaged audience. Simply check the “jobs” section and “gigs” section for specific cities and see if anything matches your skills. The great thing about Craigslist is that it is one of the highest converting traffic sources on the internet (think active buyers) which can mean more opportunities at higher pay.
Another benefit of investing in rental properties is the loan pay down. If you obtain a loan to buy the property, each month your tenants are paying off part of the loan. Once the mortgage on the property has been paid off, your cash flow will increase dramatically, allowing your mediocre investment to skyrocket into a full-fledged retirement program.
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