![]() ![]() They’ll give you a customized link to use so that any sales you generate can be tracked-and then you’ll earn a cut from those sales.Ĭreate a list of some of the brands you use and love and then check their websites to see if they have affiliate programs. In fact, many brands offer affiliate programs of their own. There are other ways to earn affiliate commissions online to generate passive income streams. Sell With Other BrandsĪmazon is just one platform. Once it’s up and running, your only role is to wake up in the morning and check how many new sales you’ve made. If you already have a platform that drives traffic (like a social media account or a blog), you can send that traffic to relevant products on Amazon and earn a commision for every sale you generate. The Amazon Associates Program is one of the largest affiliate-based selling platforms in the world. This e-commerce giant offers tons of opportunities to sell using passive income ideas like affiliate marketing. Not sure where to get started with affiliate marketing? We’ll give you the short answer: Amazon. Directly Sell on AmazonĪmazon makes affiliate marketing approachable and easy. But on the plus side, if you can generate affiliate traffic through free social media posts and other affordable techniques, you can immediately start building passive income streams without having to worry about creating an online shop of your own. It’s popular enough that 80% of brands have affiliate programs of some sort.Īffiliate marketing does take some initial setting up. It might sound slightly pyramidal in structure, but affiliate marketing is essentially becoming a sales representative on behalf of a brand. Identify the places where you can advertise, figure out the right offers that pay you commissions, and learn how to drive traffic. ![]() Instead, you earn a commission for selling someone else’s product.Īccording to Greg Jefferies, Skillshare instructor of the Affiliate Marketing for Beginners course, it can be a simple equation. Dropshipping, manufacturing, learning how to write an entire ebook-it can sound like a lot to learn.Īffiliate marketing eliminates most of the complexity with a simple proposition: You don’t need to create anything yourself. Some people never start building passive income because they think it will be too complicated. Even if you don’t sell enough ebooks to quit your job, you’ll have learned a skill (building a simple website) that provides a new platform for your next business idea. This is a mini-skill that will serve you well across a number of ways to make passive income. If you want to capture as much of the royalties from your ebook as possible to generate passive income, you can sell them on a website that you set up for yourself. Selling on your own website maximizes your revenue for every sale. Sell on Amazon and Other Sites (Barnes and Noble, Apple, and More) Ever since the invention of the printing press, writing books has had the potential to create long-term rewards for your short-term work. Writing ebooks is a great introduction to this new kind of digital leverage. ![]() There are enough platforms and software offerings out there that if you stumble onto the right idea, you really can earn passive income with minimal upfront work. Rather than trading your time for money, consider trading your knowledge.Įarning money while you sleep is increasingly normal in the digital age. The trick is to change the way you think about earning money. If you can leverage your skills once and create the opportunity for ongoing sales, you could potentially earn while you sleep. Generating passive income is ultimately a question of leverage. ![]()
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