Several years ago, I attended a concert by singer-songwriter Julie Gold. She’s best known for her song “From a Distance,” which was recorded by Bette Midler in 1990, hit the top of the charts, and won a Grammy Award. When Gold performed that piece, she described it as “the song that gave me my freedom,” because the royalties from Midler’s recording had enabled her to give up her day job for good and become a full-time musician. This story shows that it’s possible for an artist who gets one really big break – such as a hit song, a successful movie, or a bestselling book – to live off the proceeds of that one success for life.
I have only dabbled in drop-shipping before when I had an eCommerce platform 6 years ago or so. I think it is something that you could do on the side, but you would want to do in depth research on the industry you want to get into before setting up shop. It may be a little less passive up front, but over time you could take your hands off the wheel.
What is refer-a-friend? Essentially, you make money for using a service and telling others how great it is. Most of the times, you’ll get a unique link that you can share with friends directly or throughout social media. Whenever anybody clicks your link and signs up and/or makes a purchase, you’ll get a bonus. The bonus can be in the form of cold hard cash or an account credit.
“I have been affiliate marketing since the 90's, but have stuck pretty close to the Casino industry. As I began to branch out and enter into different markets I was told to check out Market Health as a possibility. I am extremely glad that I did. I recommend Market Health as a trustworthy, honest and truly professional program. If you are not a member yet...you are missing out!”
Skillshare is more of a social learning platform where you can teach real-world skills. The range of skills that you can teach is only limited by your imagination - from board game strategies, garment construction, cooking tutorials, travel hacking, and relationship tips. I even saw a course on how to build a grown man's wardrobe. Creating a class on Skillshare is free. For each student who enrolls, Skillshare takes a 30% fee (Similar to Udemy). You are also provided a unique teacher referral link that lowers the fee to 15% for students who enroll via your referral. Note that all online courses on Skillshare go through an approval process based on specific criteria.
ShareASale – is a business site that caters to all products with different categories. These include organic/green products down to any type of business services. However, they charge sign-up fees as well as fees for each sale. This is because they already have a solid market of affiliate marketers and a wide selection of product categories which means they can cater to many all types of businesses.
In the spirit of meditation, I just came across singing bowls from iSingingBowls. These new and antique Tibetan singing bowls produce enchanting vibrational tones when struck – creating almost instant relaxation. Listen to the demos on the product pages for yourself and you’ll feel the energy it creates. It pierces through your skin – in a good way.
But then figure out your unique selling proposition, what advantage you can offer that the market currently lacks. “My advantage in the passive income marketing space is that I’m not afraid to share my failures or where my income comes from,” says Flynn, who details his impressive income every month. “Transparency is huge,” he says. Referring to the personal bio on his LEED exam site, he says, “You might think I’m not benefitting from putting my story on there, but it helps me establish a relationship with people there. I’m someone who went through the same experience people went through on the site.”
Your social media strategy is more than just a Facebook profile or Twitter feed. When executed correctly, social media is a powerful customer engagement engine and web traffic driver. It’s easy to get sucked into the hype and create profiles on every single social site. This is the wrong approach. What you should do instead is to focus on a few key channels where your brand is most likely to reach key customers and prospects. This chapter will teach you how to make that judgment call.
Similiar to Adsense, Media.net powers the Yahoo! Bing Network Contextual Ads and is probably the second largest contextual advertising company in the world. I've been running some Media.net ads for a few months and the income was very similiar to adsense. Bear in mind that their approval process is a bit more extensive than Google AdSense. -One has to get a certain number of page views monthly to get an account with them.
Email marketing provides direct line to your audience and results in qualified traffic from people who are truly interested in your brand. Most individuals who subscribe to your newsletter already have some sort of contact or familiarity with your brand. They could have signed up at an event, one of your stores or on your website. Regular email newsletters keep your brand top of mind and renew audience awareness and interest.
From what he describes, creating passive income definitely does not sound easy. It requires a serious ramp-up -- often requires 80- to 100-hour workweeks in the beginning, says Flynn. But once up and running, and depending on the content, some sites take fairly minimal maintenance. Green Exam Academy, the LEED exam study site he launched in 2008, takes just him four to five hours a month to maintain but brings in $250,000 annually.
Fully Customizable Platform. One of the major challenges in implementing affiliate marketing platforms is integrating it with your internal systems. With HasOffers’ fully customizable features, you can personalize your dashboard, build your own applications to run alongside theirs, as well as utilize a 2-way API functionality so you may work with third-party systems easily.
All these forms of ad revenue are technically passive, because you can earn them at any time while your website is up and running, not just during the times when you’re working on it. However, to make real money from ads, you need to build a successful website, and that takes time and effort. And even after your site has attracted a bunch of regular followers, you need to keep posting new content to keep them coming back. Technically, once you’ve created a successful site, you could hire someone else to manage it – but just like hiring a manager for your rental property, this cuts into your profits, and it could even cut them down to nothing.
Blogs about consumables have the advantage of obvious choice for affiliate products to sell. If you just reviewed a certain pair of shoes, then you can stick an affiliate link to sell the shoes. Blogs that are not specifically about products don’t always have as congruent a choice when it comes to affiliate products to promote, but I would argue there is always something to sell if you think laterally.