#3-Affiliate Marketing – If you decide to start your own blog or build up a social media following, affiliate marketing could be very profitable. Affiliate marketing is when you market a service or product for a company. In return, you get a commission if someone who clicks on your link makes a sale. How much you make all depends on the company you work with. All affiliate marketers typically earn around the same per referral. Some affiliates are worth more than others, so be sure to be on the lookout for the deals that are more lucrative. Also, keep your niche and your audience in mind. You don't want to promote something that won't benefit your readers or doesn't make sense for your brand.
It takes time and effort, but website owners like myself and Pat Flynn of Smart Passive Income, have built life-changing careers through affiliate marketing. In fact, Pat even publishes his income reports online, showing how he made over $2 million in the past 12 months alone. So, if you’re wondering… do people still read blogs? The answer is a resounding yes. Online Income
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward. Affiliate Marketing
An influencer is an individual who holds the power to impact the purchasing decisions of a large segment of the population. This person is in a great position to benefit from affiliate marketing. They already boast an impressive following, so it’s easy for them to direct consumers to the seller’s products through social media posts, blogs, and other interactions with their followers. The influencers then receive a share of the profits they helped to create.
Once you’ve gathered a list, put together an outreach email template (as you’ll be doing this over and over) that’s short and clear with expectations. Tell your potential interviewee who you are, what your podcast is about, and what you’re asking of them. Do a few test interviews with friends and family to make sure everything is being recorded at the quality you want and then book your first episode. Online Income
Blogging is something that requires patience, persistence and discipline. It may mean writing everyday for over a year before you really start to see any money from it. There are exceptions to the rule, but from my dealings with other bloggers, it seems to be pretty common to spend one or even two years building your blog, your brand and your authority, before making any serious amount of money.
I’m sharing everything I’ve learned over the past decade, pulling from my own experience in learning how to start a blog that now earns a consistent $30,000/mo or more (on the side of my day job)—from online sources like affiliates, courses, freelancing, sponsorships, drop-shipping and other ways to make money online that we’re exploring in this guide. Online Income
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there—though it all starts with getting podcast hosting and launching your show. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012. Online Income
If you’re a skilled worker in a specific niche, like marketing, design, or software development, there are specialty marketplaces that cater just to you. These are amazing places to make money online as you know that the people visiting them are looking specifically for the skills you have. Check out places like 99Designs or Dribbble for designers, Cloudpeeps for marketing and SEO professionals, and TopTal, Crew, or Gigster for high-level software developers. Once you’ve built up your development skills, you can begin building a brand for yourself as a higher-value consultant and start charging brands for larger projects like implementing an entire WordPress security overhaul or migrating a website from http to https.
The advertising company sets the terms of an affiliate marketing program. Early on, companies largely paid the cost per click (traffic) or cost per mile (impressions) on banner advertisements. A technology evolved, the focus turned to commissions on actual sales or qualified leads. The early affiliate marketing programs were vulnerable to fraud because clicks could be generated by software, as could impressions. Work From Home
If you want to get a work from home job, make your resume sticks out and start with some of these tips. One easy and quick improvement you can make is to add a testimonial or two to your resume along with more specific skills and achievements. If you want the flexibility of being able to work from home, you may also want to brush up on your interview skills. Even though employers and hiring managers likely won't be able to meet you in person, they'll still want to interview you either over the phone or via video call. Check out these 5 successful tips for a great interview!
You’ll also need to be sure your workspace is comfortable. “A good strategy is to implement is a standing desk,” recommends Anthony Montenegro, Founder of The Blackmont Group. “Brands such as Varidesk even come as handy low-cost laptop versions. Taking intermittent standing breaks while continuing to labor productively at your desk can break the monotony of sitting all day.” Online Income
But don’t make the mistake of thinking this will be a passive source of income—you’re on call whenever you have a guest and you’ll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens’, Royal Day Out in London, England—where she gives visitors a local’s only tour of the city, complete with bespoke 18th century costumes. Online Income
Like online surveys, this is another opportunity that exists in the “gray zone” (a lot of companies in this space have come and gone). But the theory of it makes it interesting! Basically, you use your car as a moving billboard, displaying advertisements for the general public. And if you don’t mind driving a car that’s covered in ad space, may be able to make several hundred dollars per month through My Free Car. Internet Money
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
Do some deep research on the company, and if it seems to be on the up and up, give it a try. You’re going to be driving anyway, and you know that it always costs money to keep and drive a car. You may as well earn some money doing what you’re going to do anyway, and this is an opportunity to make that happen. According to the company website, you can get paid up to $400 per month. Work From Home