STEP 1 - Understand the whole spectrum first - Digital Marketing is an extremely broad vertical ranging from graphic design to web/app development to content experience and everything in between. At this stage, you’ll understand the objective of using one channel over the other or the combination of multiple channels based on the online behaviour of your target audience.
Peerstreet – This residual income option is slightly different, helping you earn money using real estate backed loans instead of the property itself. By helping fund the loan, you’ll earn a percentage of the interest rate charged to the borrower. Most loans are short-term, generally lasting between 6 and 24 months. You can build your own portfolio by choosing the exact loans you’d like to fund, or Peerstreet will choose the loans for you. Again, you need to be an accredited investor, although the minimum investment here is just $1,000.
Udemy is an online platform that lets its user take video courses on a wide array of subjects. Instead of being a consumer on Udemy you can instead be a producer, create your own video course, and allow users to purchase it. This is a fantastic option if you are highly knowledgeable in a specific subject matter. This can also be a great way to turn traditional tutoring into a passive income stream!
Thanks for the great article…although I have to point out many of the items listed are not passive but active, such as selling bodily fluids, writing blogs or resumes, and collecting bottles and cans. To be truly passive, the income source must require no effort on your part (after initial setup). Real estate, dividends, P2P lending…these are truly passive income sources.
Amazon is largest affiliate site with one and half million sellers and provides opportunities to both affiliates and sellers. On Amazon, you can promote the product by writing reviews or articles about the product(s). The great thing about Amazon is that with its user friendly interface, you can promote multiple products. The huge amount of traffic provides opportunities for more earnings. The only disadvantage of Amazon is that the commissions start with 4% and you’ll need to work hard to earn some bills.
Your customers, prospects, and partners are the lifeblood of of your business. You need to build your marketing strategy around them. Step 1 of marketing is understanding what your customers want, which can be challenging when you’re dealing with such a diverse audience. This chapter will walk you through (1) the process of building personal connections at scale and (2) crafting customer value propositions that funnel back to ROI for your company.
I do agree that a few of these ideas are not bad, but for me the problem with some of these platforms has been that I’m not from the USA. So, I can’t operate there. It’s a really interesting possibility to get some extra bucks from doing what you would do either way, like shopping. One of the best projects so far that I have seen is FluzFluz. It’s simple and really easy to use for everyone who uses Uber, Amazo, or other apps. The best part of all is that you can get some passive income – not just from your own purchases, but from other people’s as well. I hope one day it will make it here to your list. I think it’s worth it to check out.
At a cost of $995 for the full curriculum it’s hardly a steal, but when you consider that you have a year in which to complete it the price averages out at less than $100 a month. The instructors are top-notch, too, with names like Orbit Media’s Andy Crestodina (@crestodina) and Contently’s Shane Snow (@shanesnow) presenting modules in their areas of expertise.
HubSpot Academy offers certification and training courses to teach people how inbound marketing and HubSpot software work. Classes are often taught by marketers at HubSpot and are made up of video lessons, quizzes, and tests. Most HubSpot Academy classes are available free of charge, and if you pass the certifications, such as the two below, you get a nifty certificate and badge to share on your social media profiles. Check out mine on LinkedIn:
The commission rate of 70% is impressive, especially as the eBook sells for $47. The site also offers a range of banners that you can use to promote the product, along with marketing advice and sample articles. The product would never be something to center an entire site around. But, it is relevant to many fields, including weight loss, wellbeing and health.
You can find the high ticket affiliate programs here. By contrast, those could be super expensive items, but I haven't taken into account the percentage they pay. Would you rather make 60% of $100 or 1% of $60,000? Same thing! So what you promote really depends on your interest, but these two categories of affiliate programs are great for inspiration.
As a private lender, you can lend to anyone in your social circle. For example, many home rehabbers need access to a source of capital they can tap into very quickly in order to fund the initial purchase of their properties. You can partner with a rehabber who uses your capital for a short-term in exchange for an interest rate that is mutually agreed upon.
WP Engine provides hosting services for thousands of WordPress sites. This WordPress affiliate program is one of the highest paying ones; you can get $200 per referral or 100% of the first payment made by the customer you referred. In addition, you have an opportunity to find subaffiliates and earn from their leads, as well as receive bonuses for multiple sales.
One of the top competitor to rest of the high paying affiliate programs. GetResponse offers market’s one of the most reputed and renowned email marketing tools. When it comes to the recurring commission in the affiliate program, they have the edge over most of the other affiliate programmes. They go one step ahead and offer as much as a whopping 33% lifetime commission for referring a user to their email marketing tools! It comes with a 30-day free trial package which is good enough for interested users to try on their email marketing tools. Payment is made using Paypal and Cheque with a minimum payout of $50.
David Wygant is still in the dating field but follows a very different angle. The site offers a range of courses, modules and reports that focus on helping people be successful in dating. For example, courses for women include What Men Desire, Comment with Him and The Commitment Switch Secret. Courses for men include Men’s Mastery Series, 7 Second Seduction and The Life Blueprint. Some of the courses are eBooks, while others are audio or video-based.
With personal finance software you can schedule automatic payments and transfers between all of your imported accounts. Automatic transfers will help to make sure you have the necessary funds in the right account to ensure all bills are paid on the appropriate date. Late fees are annoying and do nothing but cost you money. It’s time that you said goodbye to them once and for all.
From an affiliate perspective, the largest advantage with Lunarpages is the compensation. You can earn up to $300 per sale. There’s also a second tier commission available. Details are limited, so it’s not clear what the minimum commission is or the rate for the second tier component. Even so, the company offers more per sale than most other hosting affiliate programs.
Self Publishing is mainstream today. When you purchase an eBook off of Amazon there’s a pretty good chance you’re buying a self-published book. Self-publishing is also ridiculously easy. I tried this a few years ago and couldn’t believe how simple the process was. To self-publish a book you’ll first need to write and edit it, create a cover, and then upload to a program such as Amazon’s Kindle Direct Publishing. Don’t expect instant success though. There will need to be a lot of upfront marketing before you can turn this into a passive income stream.
Income School LLC is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Income School LLC also participates in affiliate programs with Bluehost, Clickbank, CJ, ShareASale, and other sites. Income School LLC is compensated for referring traffic and business to these companies.
Over the past 8 years, more than 100,000 people from over 100 countries have participated in Google's Online Marketing Challenge. It's an online course with modules covering introductory digital marketing, search engine marketing, search advertising, display advertising, mobile, social, analytics, and video, making it one of the more comprehensive courses for beginners. However, it's also unique in that Google gives learners a $250 AdWords budget to use over a three-week period, to run an online advertising campaign for a business or not-for-profit. The most successful learners can even win prizes from Google.
Great article Glen! I wish I saw this when it came out 2 years ago! I recently bought a number of .com’s for a couple of the niche’s you covered here. That’s encouraging, as that particular niche still has some nice numbers and not as saturated as it seems. I’m also happy to hear you like the rank and rent model, and I think a couple of other projects are now going to go in that direction. Thanks for all your great material.
This is among the best affiliate networks for beginners. As you know, Amazon is an eCommerce platform that sells countless products, from books to gardening tools. If the user follows the link on your website and buys the product during the same session, you will get a percent of the price the user paid. The commission you’ll earn depends on the category of the product you are promoting. The highest fee is 10%.
Since I read blogs and eBooks on my iPad in the morning, I either get same in a format that is designed for smartphones and tablets and can read easily without enlarging text and moving page back and forth, or small text which has to be “sized” for easy reading. Since I could only save your blog as a web page, I copied your blog and pasted to an Office Word doc. It pasted everything fine, but translated your clean “Arial” style fonts into multiple styles which I did not like (but changed into a nicely formatted document). This procedure worked for my Laptop Computer.
Love this post! I agree that if you understand your audience's preference, you can customize the content for them. If you’re still sending mass emails without updating your strategies, you'd noticed that results are disappointing, despite your efforts. Thank you for sharing this post, these tips are game changers, I bet these would help a lot. A must read! https://bit.ly/2S3IdYQ
This is a venture that is growing rapidly. You can create videos in just about any area that you like — music, tutorials, opinions, comedy, movie reviews — anything you want . . . then put them on YouTube. You can then attach Google AdSense to the videos, which will overlay your videos with automatic ads. When viewers click on those ads, you will earn money from AdSense.
Self-Fulfillment: Self-fulfillment is a great option for sellers looking for 100% control of the shipping process and lower costs. This is a giant undertaking, depending on your business model. You must have a warehouse to store the inventory and the resources to handle today’s shipping expectations. Fulfilling orders is time consuming and can become a burden as your business grows. Only choose this option if you want complete control of the fulfillment process and have the resources to do so.
MaxBounty pride themselves on the diversity of campaigns offered to their affiliates. They have over 1,500 programs ranging from gaming, to finance, and dieting, with options to receive your commissions as CPA (cost per action like making a sale), CPL (cost per lead), mobile, or PPC (pay per call.) Allowing you to structure your promotions in a way that works best for you.
FanPicks is a daily fantasy sports league site that allows members to play NHL, NFL, NBA, NCAA, MLB and MCS. FanPicks claims to be the only site in this field that offers college games and point spread. There are more than 250 open contests and thousands of entries into those contests. There is also an app for the site, allowing people to access it on the go.
Almost all of these ideas require starting a personal blog or website. But the great thing about that is that it's incredibly cheap to do. We recommend using Bluehost to get started. You get a free domain name and hosting starts at just $2.95 per month - a deal that you won't find many other places online! You can afford that to start building a passive income stream.
With one of the most lucrative offers of 40% recurring commission, SEMRUSH had left no stone unturned in becoming one of the most favorite keyword research and good SEO tools. Berush is their official Affiliate Program. By joining SEMRUSH’s high paying affiliate program, you get an opportunity to promote one of the world’s most popular competitive intelligence services. On the top of it, they are offering as much as 40% recurring (on monthly basis) commission making you fall head over heels for it. Simply place one of their banner or widget on your blog, or recommend SEMRUSH on your blog or social media platform to make a pocketful of monthly profit.
Index funds provide you with a way to invest in the stock market that is completely passive. For example, if you invest money in an index fund that is based on the S&P 500 Index, you will be invested in the general market, without having to concern yourself with choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All that will be handled by the fund which will base the fund portfolio on the makeup of the underlying index.
As an alternative, you can dedicate your time and efforts to generating as many unique leads as possible, and earn a good sum through quantity. This means you should not let high rates fool you. A commission of 30%-40% for the affiliate could be attractive relative to rates of 1%-5%. However, what matters is how much you can sell. Imagine that you have two products, both of which cost $100. From the first you can earn 40%, while from the second “just” 10%. Seems logical to work with the most profitable?