3 Passive Income Ideas You Can Choose From To Start Today!

1- Affiliate Marketing

Affiliate marketing is often one of the first methods newbies try out when they first get involved in Internet marketing. The idea behind this business model is very simple and is a proven profitable method. You simply need to promote other people’s products as an affiliate, and you get a commission every time someone buys those products through
your affiliate link!

Commissions vary wildly. In some places like JVZoo and Clickbank, you can get commissions as high as 90% or even 100%! If you’re an Amazon affiliate, the maximum commission you’d get would be 10%, but the good thing is you get a commission for all items bought on Amazon (not just the ones you’re promoting on your website).

The key to getting good income with affiliate marketing is by sending plenty of traffic to your website. It’s a numbers game basically so you’d need to look for

where your target audience is hanging out and promoting your affiliate products to them.

One great advantage of affiliate marketing is that it’s relatively easy to set up. In fact, you can promote products anywhere you want – on your blog, on your guest posts, on forums, on social media, on your emails, and many more places!

All you have to do is just sign up to be an affiliate of a product you like, and then use that special link and promote it. That’s it! Of course, not all affiliate networks and product owners are going to approve your request. Most networks do have standards in place.

Most of them will ask for your website address and ask you questions on where you plan on promoting their products. If they don’t like your answers, then you don’t get approved as an affiliate.

In most cases, product vendors require you at least to have some solid online presence before they approve your request. Product vendors do get scammed too, so they tend to be pretty careful when it comes to approving affiliates.

If you find it difficult getting approved on a network, it’s best to establish your online presence first by building your own website or blog and letting it age for a few months before re-submitting your application.

When your application gets approved, and you create valuable content around the affiliate product, then you can pretty much get passive affiliate marketing income for as long as the affiliate product is available.

2-Sell eCourses and Info Products

If you are an expert in a particular subject, and you want to share your expertise with the world, then you may want to create your own course and info products. However, if you don’t have specialized knowledge in anything, don’t fret.

It’s not the end of the world. You can still sell eCourses and info products even if you don’t have first-hand experience in any subject!

You’ve got two options basically.

• First is you take the time to learn the subject, research it thoroughly and then apply what you’ve learned when you create your course.

• The second option is to just outsource the content creation to someone who actually knows the subject.

The great thing about selling your own course and info products is that you can set your own price. Unlike affiliate marketing where your commissions are capped at a certain percentage, selling your own products allows you to put your own price tag! If you think your course is worth $197, then set that price.

If you think $17 is a suitable price, then by all means choose that price. For best results, however, you should, of course, do your own research to find the best price for the product you’re offering. Look at what similar products in the same niche are priced at. Check out what your competitors’ prices are and go from there.

To boost sales, you may want to consider creating an affiliate program so other people can help promote your product. If you offer your affiliates a good share of the profits, you’d have plenty of applicants knocking at your virtual door.

3- eCommerce Store

With eCommerce, you can basically sell anything you want. You can sell your own products and services, you can sell affiliate products, you can do dropshipping, and so much more. Your options include selling things from your own website or using a third-party platform like Shopify to simplify the business side of things.

You can have a brick-and-mortar shop, but also sell your products on your own website, or even list it on eBay and Craigslist. The possibilities for eCommerce are nearly endless.

A great advantage of eCommerce is that your business is open 24/7 and you can sell to anyone in the world.

If you’re selling physical products, you’d have to factor in shipping costs and delivery times to your price. But for digital products, eCommerce provides a platform where vendors get paid instantly, and buyers get access to their purchase in mere seconds.

eCommerce businesses are also much easier to scale than brick and mortar businesses. With eCommerce, you can simply add your products to another

platform or duplicate your current website, and you’d have a new income stream on your hands.

While eCommerce is a great source of online revenue, not all eCommerce businesses provide passive income. In fact, for most stores you’d need someone to handle the orders, ship products (if you’re not dropshipping), provide customer support, and so much more. However, once you reach a certain level of success, you can pretty much build a team to work on your business and just manage it from afar!

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The good thing is once you start seeing some profits, your business will be pretty much on autopilot, and you can expect to see those dollars trickling in your bank account regularly.