Do you know the benefits 5 C’s of promoting and How Do They Ask in Dropshipping?

The size of the online business market is continuously widening around the globe as the puncture of the internet could be increasing and progressing to more and more people worldwide. Here in 2020 the size of worldwide eCommerce market accessed 4. 28 trillion US dollars who is projected to grow by- each upcoming the year, […]

It is advisable to do Earlier than Changing into a worthwhile affiliate marketer

How to do affiliate marketing? That’s the most important question facing people interested in online business models.
If you stop to think about it, affiliate marketing is in some ways like starting a business. You have the distinct advantage of not holding inventory and typically don’t need to hire employees, but you’re still setting up an online operation.
No matter what approach you take, whether writing blog posts or running ads, there are certain steps you’ll need to take to help you find out how to use affiliate marketing to make a living. That means you need to take strides to ensure you prepare yourself for what lies ahead.
In this article, we’ll look at a step-by-step method you can use to learn how to do affiliate marketing. This will provide a platform for your efforts, and can help give you a leg up when you’re starting out.
Whether you decide to go it alone, partner with others, or look for affiliate marketing jobs, these steps will prepare you for what’s ahead.

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How to Do Affiliate Marketing in 6 Steps
When learning how to become an affiliate marketer, it’s important to know where to start. It’s all too easy to get the cart before the horse, and that metaphor covers a variety of scenarios. Finding merchant partners, high commision affiliate programs, or affiliate marketing jobs that pay well and are consistent requires a great deal of up-front work before you’re ever in touch with a merchant.
So to help you build your online audience and find the right niche, here’s a six-step checklist you can use that can help give you a solid foundation as you start as an affiliate.
1. Choose a Niche
Every affiliate marketer has a niche in which they try to influence their audience. But if you’re too greedy and try to speak to too many niches, you could risk overextending and making your efforts ineffective.
So finding out who you’re going to target is the essential first step. But just because it comes first doesn’t make it easy.
Choosing your niche is one of the most crucial parts of starting your affiliate marketing efforts. The wrong niche will make it harder to sell, and the right niche will make it easier.
Finding your niche is one of the most crucial parts of starting your affiliate marketing efforts. The wrong niche will make it harder to sell, and the right niche will make it easier.
So how do you find out which niche is the best one for you?
To start with, you can do a short self-assessment. As affiliate marketers are meant to be reliable advocates for a product or brand, you want to make sure that you are in the right headspace.
Start by asking questions like:

What topics am I passionate about?
Do people search for my chosen niche?
Will demand for my niche stay consistent?
Is there a lot of competition for my niche?
Are there affiliate programs that work within my chosen niche?

These questions will help you find out if the product you’re considering is something you want to promote regularly. No matter what type of affiliate marketing tactic you ultimately choose, these are the make or break questions.
It should also be said that passion shouldn’t be the only reason why you become an affiliate marketer. A site like KitchenFaucetDivas probably didn’t start as a project of passion, but that doesn’t make it any less profitable.

Someone has to write those reviews, right?
So keep in mind that finding the right affiliate products to sell isn’t always about fun. It’s about profit.
Len Markidan of Podia says,

“If you don’t genuinely think that a product will improve people’s lives, don’t sell it! This is critical to long-term success as an affiliate. It only takes one bad recommendation to lose someone forever. But by taking the time to do your research, try every product you’re thinking about promoting, and think carefully about whether it’s a good fit for your audience, you can build a successful business by being a trusted source of useful recommendations.”
2. Evaluate Market Demand
It’s also important to evaluate the market demand for your affiliate niche. Doing so will help you identify items that consumers are willing to pay for. With that knowledge, you can start marketing products that convert shoppers, earning you commissions.
To start assessing demand for a product, the best place to go is usually a tool like Google Trends. This tells you how often Google users search for a particular topic on a 0-100 scale. It also gives you a regional breakdown, and some suggested topics as well.
For example, let’s see how many people actually search for the phrase ‘kitchen faucet’ on Google:

It’s relatively consistent since the past 5 years. That means those kitchen faucet reviews have a good potential to make money through affiliate marketing.
So whatever niche you’re considering, start by plugging it in and seeing if there’s consistent demand. This is one of the most consistent tests you can run when determining which affiliate products to sell. Many affiliate marketing items will have moderate degrees of consistency, with spikes around the holidays.
3. Analyze the Competition
The next step is to determine whether or not there’s a lot of competition in your chosen niche, and there are a couple of ways to go about this.
A simple way is to use a keyword research tool like Ubersuggest to help you see how competitive particular Google searches are.
Let’s keep running with this kitchen faucet example, to show you how it works. Start by plugging in your search term, and then click ‘Look Up’ to see the results.

As you can see, on the right side of the results you’ll see an indicator that says ‘Competition’. On Ubersuggest, this indicator ranges from 0-1, with 1 being the highest level of competition.
So with just a few clicks, you can find out what you’re up against in your niche. You can also see a variety of suggested searches that are related to your niche, as well as how competitive they are.
The second way to research competition levels is to use a service like Clickbank. For this purpose, click on the Affiliate Marketplace option on the home screen.  

From there, you’ll see an option to input a search term. Again using the kitchen faucet as an example, here’s how you use this feature:

In the search results, you’ll see a section that I’ve highlighted in the example above called Gravity. On ClickBank, Gravity is a measurement of how high demand is for a product that’s on a 100 point scale. The lower the Gravity, the harder it will be to sell your product.
When you combine all of these approaches, you should be able to get an adequate view of how well your chosen niche will perform. Too much competition and not enough demand is a recipe for disaster, so be diligent in this process.
An excellent example of an affiliate marketer that’s clearly done their homework in their niche is the highly successful site the Points Guy. The site centers around travel-oriented reviews and guides, but also provides curated news updates for those already on the go. They also promote credit cards, which is where they make their money.

This site gets more than 2.5 million unique monthly visitors, and for every successful card signed up for, they receive anywhere from $50-$400. As both the travel industry and the credit card industry can be competitive, this is the kind of success that makes you pay attention.
And to round out their approach, they also run ads for their content to help bring in more traffic and make more money.

At the very least, this shows the importance of finding the right affiliate products to sell in your niche. Get this step right, and you’ll be giving yourself the best chance to make some money as an affiliate marketer.
4. Research Affiliate Programs
After you’ve picked a niche, it’s time to find out which program out there can help you promote products in your niche. This is where you take a step deeper into your study of how to become an affiliate marketer.
Affiliate marketing programs are sites that act as the middleman between merchants and affiliates. Since it can be hard for merchants and affiliates to find each other, these sites act as a gateway for the relationship to begin.
With that, I’ll bring up some key questions that you’ll need to have answered while you’re figuring out how to become an affiliate marketer. This is an essential checklist that you should consider before you proceed with a particular program.

What merchants are using the affiliate program you’re looking at?
How much commission are you likely to make from your program?
Do you want to be associated with the program, and the brands selling through it?
What kind of support does the program provide you with?

Keep in mind that this is another step that can make or break your success as an affiliate marketer. In other words, your program is the bridge that helps you find profitable partnerships. Don’t skip out on it.
5. Pick Your Affiliate Marketing Methods
Two most popular methods that affiliate marketers adopt include:

Making websites like blogs or marketplaces.
Running paid ads.

While these are only a couple of options, they’re the best way to do affiliate marketing. So, we’ll break down how to set up each.
First up, let’s build a website.
While there’s some discussion over whether or not affiliates need a website at all, there are so many benefits that it’s almost pointless not to make one when you’re trying to get the knack of how to do affiliate marketing.
It doesn’t matter if you’re working with low or high commision affiliate programs, websites can help you be successful.
Plus, if you want to look for affiliate marketing jobs in the future, having your own affiliate site is a perfect resume builder.
So when you search for ways to build a website, you’re going to get a lot of competing opinions about which option is the best. Should you go with a free option like Wix or, or is it better to build your own by using a hosting service?
While the ultimate hosting choice is up to you, you’ll want to find one that offers a reliable service and a good experience all around.
Many of these hosting companies offer:

And if you’re feeling overwhelmed by the process of starting a website, some of these services even offer step-by-step tutorials on their site that help get you started.
If you’re starting a blog, your best bet is to find a template theme that helps you create a friendly user experience. There are thousands of themes to choose from, so pick the one that suits you best.
Once you host your site and pick a theme, all you have left to do is design it to your liking. You can use custom or stock photos, and make sure that it’s clear what your site has to offer your audience.
From there, it’s time to start creating the content you want to share with your audience.
6. Create and Publish Top-Notch Content
The phrase ‘content is king’ gets thrown around a lot in marketing, and there’s a good reason for that. In many ways, the Internet is just a collection of content. If you don’t contribute, people have no reason to come to you. 
As we’ve already seen, that content can be as simple as this blog post. How you ultimately deliver value is up to you.
But what types of content can you create that will help you stand out as a trustworthy and valuable affiliate marketer? Even if you’ve got the right niche and a flawless website, you need something to build your audience.
When considering what type of content to create, you’ve got a lot of options. In fact, one blog compiled 113 different types of content that can be created and shared. With all that variety, where do you start?
While to some degree this boils down to the ideas that interest you the most, there are at least three good starting places familiar to affiliate marketers. These can ultimately lead to success, so we’ll dive into each.
Product Reviews
One of the most effective content strategies is to write reviews for different products and services in their niche. Brands are always looking for product reviews that convert customers, so this can be a profitable place to start.
When done well, it can provide a seamless transition into affiliate marketing efforts, and can be a great way to generate income..
For example, TheBestVPN is a site that reviews the most popular Virtual Private Networks, or VPNs, on the market. For audiences interested in cybersecurity and ensuring the protection of their information, this type of website is a goldmine of information.  

With each review, there’s an option for readers to go to the site and learn more about the VPN. As you might expect, this link is an affiliate link that attributes each referred buyer to TheBestVPN’s website.

By simply focusing on product reviews, the site positions itself as a high-authority source for newcomers to the world of cybersecurity. Everyone involved gets something from the affiliate relationship, which completes the perfect model of affiliate marketing.
Blog Posts
In a similar vein to product reviews, blog posts are another way that you can start building trust and making inroads in your chosen niche. More importantly, blog posts can help you boost sales over time as you master how to become an affiliate marketer, which is your end goal.
By addressing common questions or problems in your target market, you’ll be positioning yourself to make recommendations down the line.
The big key with writing blog posts is consistency. You need to post consistently, and you need to keep a single voice that provides high-quality ideas and tips to your reader.
A great affiliate brand that’s done an excellent job of developing an innovative blogging approach is the site Top Ten Reviews.
While it sounds at first glance that this is just another review site, it’s actually a lot deeper than that. It’s a review comparison site that’s all delivered in blog posts and slideshares, like this roundup on hot tubs:

By creating and delivering unique content, they’ve developed an engaged audience and dominate their niche. All of this is done as an affiliate too.
So if you’re struggling with a place to start and don’t want to do product reviews, take the leap into blogging. Offer solutions and share your tips as much as possible.
The final type of content you can focus on creating is an informational product that you can use as a hook to get people interested in more of what you have to say. Just like the previous two types of content, helpful guides can ultimately lead to increased sales and more money in your pocket.
This can be an ebook, email series, webinar, or any other type of extensive, in-depth look at a particular topic. As long as it’s accurate and helpful, you’ll be one step closer to gaining trust in your niche.
In time, you can also use this technique to help your audience build interest in the affiliate product that you sell.  
A good, simple example of this comes from the affiliate blog PC Part Picker. They offer a wide variety of guides that help newcomers and veterans build a computer that meets their needs.

This provides constant engagement with their audience with high-value content. And of course, with each purchase made from their recommendation, The Wire Cutter gets a piece as the affiliate marketer.
How to Do Affiliate Marketing Without a Website
As we’ve seen all along, building a website is just one option when it comes to the best ways to do affiliate marketing. Running ads is another. Ads can help you be successful, especially for high commision affiliate programs.
So what if you only want to use paid ads to push people to your merchant partner’s site? In that case, you don’t really need a website.  
Instead, you’ll need to set up an account to create ads in, which means you’ll need to use Google ads, Facebook ads, or even Bing ads depending on your audience.
First, let’s show you how to get started on Google Ads. To get started, you’ll need to head over to the Google Ads homepage and click the Get Started button.
You’ll be sent to a screen that asks for your email address and the website you’ll be sending ads to.

Next, you’ll be asked to sign in if you’re creating this with a Google account.
From there, you’ll be walked through the process to target and complete your ad, including images and copy. First, you’ll need to pick a goal for your ad.

Since you’re most likely trying to get users to buy a product, you’ll want to select the ‘Take an action on your website’ option. Even if you’re not the website’s owner, you can direct and track traffic accordingly.
From there, you’ll need to select the geographical location that you want to advertise in. This can be as broad or as narrow as you want it to be.

Once you’ve pinned down the location, you’ll want to further define what it is you’re selling. Based on the content of the website, Google Ads will suggest products and services you can include that help narrow or expand your audience.

Once you’ve finished defining your product or service, the next step is to create the final ad. On the next screen, you’ll be able to edit the copy of your ad and finalize how it appears on a search engine results page.

Once you’re done, all that’s left is to finish publishing your ad and make adjustments as needed. At this point, you’ll have successfully created both your platform and your content.
Another great option is to set up Facebook Ads to reach your audience as well. All you need to do that is a Facebook profile, which you may already have. If not, it’s easy to set one up.
Once you’ve logged into your Facebook account, head over to the dropdown menu in the top right of your Newsfeed. You’ll want to click the “Create Ads” option.

This will redirect you to Facebook’s dedicated Ad Manager. There’s plenty to explore and experiment with, but your first step is to simply set up your ad. Much like Google Ads, you’ll be walked through that process starting from the home screen. Just find this section to get started:

You’ll select your objective, create your ad, and fine-tune your schedule and budget based on your experimentation. Much like Google Ads, you’ll need to take some time to familiarize yourself with the platform and what your audience is looking for.
But not all ads are the same. Just like blog content, there are different ways you can approach creating an ad. Just to give you an example, let’s look at one of the options Google has to offer.
Google Shopping Ads
Since ads are by far one of the more popular ways affiliate marketing content gets created and shared, it’s worth taking a longer look at your content options that maximize their effect.
And since your task as an affiliate marketer is to sell products, what better way to do it than with Google Shopping Ads?
Google Shopping Ads are the options you see at the top of the search engine results page when you’re looking for a certain product. Here’s an example of what that could look like when searching for some men’s shirts:

This type of ad content can help you stand out and tap into your audience’s desire for visual content. Some companies report an 1,800% return on investment for this type of ad. Your mileage may vary, but it’s a clear winner for your ad content needs.
While the type of ad you create and promote is largely dependent on your niche, the key takeaway is that you need to create something that’s compelling. It’s the final crucial step in mastering how to do affiliate marketing without a website.
How to Do Affiliate Marketing for Free
If you can’t afford to run ads or pay for web hosting right now, look into affiliate marketing methods that don’t require you to spend money. Popular strategies include:
Posting in Facebook groups
Join Facebook groups related to your niche and start building relationships by commenting on others’ posts. Once people start trusting you, you can start recommending your affiliate products to earn commissions
Including affiliate links in email
Do you have an email list? If yes, then you already have a channel to share affiliate links without any charge. You can insert product links in your newsletters that take people to the merchant’s website. The more targeted your email list, the higher the number of people who will check out your affiliate offers. 
Including affiliate links in YouTube videos
YouTube is an excellent platform for affiliate marketing and doesn’t cost anything to use. You can start earning commissions by creating videos featuring the products you enjoy. Make sure to add affiliate links in the description so people know where to make a purchase. Don’t have a lot of activity on YouTube? Then check out these 18 easy and free ways to get more YouTube views to kickstart your affiliate marketing journey.
Finding merchants to partner with, high commission affiliate programs, or profitable affiliate marketing jobs hinges on the steps discussed in this article
You have to leverage the best strategies to attract an audience and build relationships with them. No matter what your approach is, the steps in this article will help make your journey as an affiliate marketer much easier in the long run.
Summary: How to Do Affiliate Marketing in 2021

Pick a product niche
Test market demand
Analyze the competition
Research affiliate programs
Select your affiliate marketing methods
Create and publish top-notch content

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Passive income is never really passive. 
Although it gets touted as easy money, most passive income streams are the result of hard work: building an audience, optimizing paid ads, and delivering a great experience and a superior product. However, as a current or aspiring business owner, you’re not afraid to put in the time to do all of those things, and you might already have all three checked off your list.
Adding passive income streams to your existing business can create a revenue source with markedly different underlying economics. Typically, these income streams will have higher profit margins and can scale more easily than services or physical products—giving you more flexibility overall in your business.
And if you’re just getting started, a high-profit-margin product can be a great way to build your business and earn money to invest in your next phase, as long as you go into it with the understanding that even though it’s called passive income, there will be work involved.

Invest in your financial future 📈

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11 best passive income ideas to build wealth
Whether you’re running a service provider trying to stop selling dollars for hours or a product business looking to add a stream of revenue that doesn’t involve the logistics of sending out physical products, you can use the brand and audience you’ve built to add passive income streams to your business.

Start a dropshipping store
Upfront investment (time): 🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
Dropshipping is one of the best ways to start earning from wherever you are, even if you don’t have plenty of cash flow. Some dropshippers report making upward of $100,000 per year. Dropshipping is not a get rich quick scheme, however, it takes some upfront investment of time.
This business model involves creating an ecommerce store where customers browse and buy products. What’s interesting about dropshipping is that you don’t have to see the products you sell physically. 
With dropshipping, your supplier handles everything from manufacturing to packaging to fulfillment. And since you don’t need to send money to your supplier until your customers pay, there’s limited cash risk.
Another risk you get to avoid is the one that comes with investing in a product that doesn’t have a market. You can use a platform like the Oberlo marketplace to find trending products in different niches to sell in your store.
Depending on the product you choose and your pricing, you can earn solid passive income and learn how to run an ecommerce business. 

Free Webinar:
How to Get Started with Dropshipping in 2021
Learn how to find high-margin products, add them into your store, and start selling—fast.

Create a print-on-demand store
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
If you’re an artist, designer, or entrepreneur, print on demand can be a profitable passive income idea and monetize your creativity. It involves working with suppliers to customize white label products like t-shirts, posters, backpacks, or books and selling them on a per-order basis. 
Similar to dropshipping, you only pay for the product after you sell it. There’s no buying in bulk or inventory needed. Print-on-demand stores are a good passive income stream because:

You can create products quickly and put them up for sale in minutes
Shipping and fulfillment is taken care of by your supplier
Once your store is set up, you can automate many marketing and sales processes

With a print-on-demand company like Printful, you can easily create products to sell in your Shopify store quickly. Overall, print on demand is a low risk, simple business idea you can get up and running with fast. 

Free Webinar:
How to quickly start a profitable print-on-demand store
In our free 40-minute video workshop, we’ll get you from product idea to setting up an online store to getting your first print-on-demand sale.

Sell digital products
Upfront investment (time): 🕒🕒
Upfront investment (money): 💸💸
Passive income potential: 💰💰💰💰
Digital products are assets or pieces of media consumers can’t touch physically. These include downloadable or streamable files such as Kindle books, templates, plug-ins, or PDFs. 
Digital products are great passive income streams because they have high profit margins. You only have to make the asset once, and you can sell it repeatedly online. There’s no storage or inventory needed. 
You can sell as many digital products as you want. Many creators scale their passive income by selling kits, printables, files, and other assets professionals can use. UX Kits, for example, sells personas, flowcharts, and wireframes to assist the design process. 

The brand has sold its products to more than 10,000 customers in over 100 countries and continues to sell these lucrative products online today. 

Teach online courses
Upfront investment (time): 🕒🕒🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
It’s easier than ever for educators to sell courses online. Whether it’s marketing, illustration, or entrepreneurship, you can create courses and start selling with few limitations. Similar to digital products, you can sell online courses repeatedly without holding any inventory or stock. 
Teaching online requires some upfront investment in time. You’ll need to outline your course, record it, and make downloadable assets like templates for students to walk away with. 
Take Yegi Saryan, founder of Yegi Beauty, for example. After creating an online beauty brand selling eyelash extension products, she created an educational branch called Yegi Academy. Her lash classes help entrepreneurs around the world jumpstart their beauty careers, offering both online and on-site training. 

As an online educator, you can choose the class size and length. You could offer one-on-one tutoring or masterminds if you prefer small groups, or offer training sessions and live courses if you enjoy working with big groups. Don’t want human interaction? No problem. You can create fully downloadable courses that students can finish at their own pace. 
Whichever way you look at it, teaching online is a profitable passive income stream with low startup costs—just an investment of your time.

Become a blogger
Upfront investment (time): 🕒🕒🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
Starting a blog can be a challenging venture, but the blogging business model is only becoming more successful as a passive income stream. You don’t need to be an internet celebrity anymore to earn money online. All you have to do is find your people on one or two platforms, then send them to your website. 
It takes a little bit of time to build a blog. But if you create quality content and promote it through your platforms, you’ll build an audience big enough to monetize. 
You could earn passive income from blogging by:

Selling affiliate products
Creating sponsored posts
Selling your own products 
Running ads through Google AdSense

The best part? You don’t need any design or coding skills to start a blog. With a content management system and hosting service like Shopify, you can get a blog up and running in no time. 
You’ll need to invest time into creating an SEO marketing strategy and producing and promoting the content. Know that your efforts will be rewarded: the return on investment can be upward of $30,000 per month, depending on how you monetize your blog. 

Sell handmade goods
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸💸💸
Passive income potential: 💰💰💰💰
There’s never been a better time to sell stuff online. With over 4.6 billion people connected to the internet today, the opportunity to build and scale an online business is massive. 
There are hundreds of online sites you can sell on. Some have specific niches, like video games or handcrafted goods, while others let you sell whatever you want. 
Some popular online selling sites include:

Your own online store
Ruby Lane

The upfront investment is two-fold. You’ll need to invest in materials and time to make and sell DIY goods like pottery or clothing. You’ll also want to create an online store to house your products.
According to our research, the top 10 products consumers plan to buy post-pandemic include:

Selling from your own store reduces the amount of fees you pay on each sale, plus, you can create a brand for yourself. The benefits of building a brand compound over time as you build an audience and connect with more customers. It’ll help you sell more over time and make money online.

Run an affiliate marketing business
Upfront investment (time): 🕒🕒🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
Affiliate marketing involves recommending a product or service to an audience. It’s a great source of passive income because you earn a commission whenever someone uses your referral link to buy the recommended product or service.
It’s also a growing industry. Statista estimates that the affiliate marketing industry will reach $8.2 billion by 2020. Online entrepreneurs become affiliate marketers for a few key reasons:

It’s easy to execute. You just handle the marketing side of things. The brand will develop products and fulfill orders. 

It’s low risk. There’s no cost to join an affiliate program. You can sell established profits without any upfront financial investment. You’ll have to invest time in creating traffic sources so more people click on your links. Once that’s set up, you can earn relatively passive income through commissions. 

It’s scalable. Affiliate marketers typically don’t hire extra help. You can introduce new products to an audience and create campaigns while your past work makes money in the background. 

Earning money with affiliate marketing can be a rewarding way to add new revenue streams to your business. All it costs is your time. Once the hours are invested, you can reap the rewards continually.

Sell stock photos online
Upfront investment (time): 🕒🕒🕒🕒
Upfront investment (money): 💸💸💸
Passive income potential: 💰💰
One of the biggest drawbacks to running a service-based business like photography is that you get paid for your time. You must be at an event or photoshoot to make money with photography, which, even if you’re making a killing, can be tiring after a while. 
If you’re a full-time photographer or own a good camera, you can create an extra revenue stream by selling photos online. Stock photo sites like Pexels, Shutterstock, and other online media houses will pay for high-quality photos and videos. 

There’s no inventory to keep around the house besides your camera and laptop. These websites do the marketing for you, so once you load your photos onto the platform, getting your work out there and selling it is done for you. 
If you run your photography business on Shopify, you can also easily tie in digital products like prints or print-of-demand products like shirts and hats, giving you even more passive income streams so you can work less and make more. 

Become an Instagram influencer
Upfront investment (time): 🕒🕒🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰💰💰
$1 million: That’s how much Dwayne “The Rock” ‘Johnson makes per Instagram post. While you may not have chiseled abs or over 200 million social media followers, you can still earn passive income on Instagram as an influencer.
To become an Instagram influencer—someone who can sway another person’s buying decisions—you’ll need to build a community of people who enjoy similar topics. 
Are you a comics fan? You can create an Instagram account and start posting consistently about the latest Marvel and DC shows. The same applies if your interest is in sports, scuba diving, home decor, or even general culture. 
Some influencers like Alex Lange run sponsored posts for brands like Tinder. 

If you have an engaged audience, you can find many different ways to make passive income from them. You can partner with large and small businesses to promote their products to your followers. Or you can make money through selling your own merch.
Buy a rental property
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸💸💸💸
Passive income potential: 💰💰💰
Real estate investing is one of the oldest ways to build long-term wealth. 
If you have enough money, you can buy and rent out apartment buildings or some other form of real estate. But since the job of being a landlord is pretty active, you can hire property managers to manage tenants and collect monthly payments or rent. 
What if you don’t have money to own entire apartment buildings? Can you still earn rental income? Yes, you can. 
With a minimum investment of $500, you can use a real estate investment trust (REIT) platform like Fundrise to invest in different real estate assets—and earn passively when the assets appreciate. 
Invest in the stock market
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸💸💸
Passive income potential: 💰💰💰
Although the stock market might have a steep learning curve and can be confusing, it’s a great way to build lasting wealth. A common mistake most people make with stock investments is thinking short-term instead of playing the long game. 

The goal for investing in stocks is to diversify your portfolio and reduce risk. You can do this through investing in exchange-traded funds (ETFs) and high-dividend stocks that earn you income slowly over time. To start investing in the stock market, you need to open up a brokerage account and fund it. 

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4 passive income ideas for extra cash
These side hustles are good for making quick cash. They may help you reach short-term financial goals, but they are not passive income strategies that build wealth.
Rent out your spare room
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸💸💸💸
Passive income potential: 💰
Do you have an extra room in your apartment? Or are you going on a three-week road trip and don’t want to leave your house empty? You can partner with a rental company like Airbnb to put your free space up for rent.
Airbnb connects homeowners with people who are looking for their next getaway. Many people prefer Airbnbs because they’re usually cheaper than hotels, meaning a high demand for your free space as an Airbnb host. 
If you want to make even more income from Airbnb, you can buy apartments for the sole purpose of renting them out. You should note, though, that renting your space out often requires work upfront. You might have to furnish or renovate your free room before putting it up for rent.
Rent out your car
Upfront investment (time): 🕒🕒🕒
Upfront investment (money): 💸💸💸💸
Passive income potential: 💰
Your free space is not the only thing you can use to earn passive income. You can also offer your car up for rent with a service like Turo. If you already use your car for Uber, you can sign up with platforms like Carvertise or Wrapify to earn extra money as you take trips around town. 
Another option is to look for someone who needs a car for Uber or Lyft. So instead of actively driving around in your free time, you can pull up a Netflix show while your car works for you.
Peer-to-peer lending
Upfront investment (time): 🕒
Upfront investment (money): 💸💸💸
Passive income potential: 💰
Have a lot of cash that’s not working for you? Try Peer-to-peer lending. P2P lending involves lending money to borrowers or small businesses. 
To make the process easy, you can sign up on a website like LendingClub, Prosper (for individuals), and Worthy (for businesses) that connects borrowers with lenders. 
These sites usually host loan requests along with interest rates based on the borrower’s history. The return on these loans is usually around 5%–6%. 
Cashback reward sites
Upfront investment (time): 🕒🕒
Upfront investment (money): 💸
Passive income potential: 💰
Cashback reward sites like Swagbucks, MyPoint, and Rakuten allow you to earn money when you shop online. After signing up, you don’t have to do anything extra, aside from shop, to make money from these sites. 
The more you shop online, the more points you gain. And the more money you can make.
As a note of caution, don’t exceed your monthly spending budget or max out your credit card in a bid to earn some reward. 
On the road to financial freedom
There is only so much time in a day, and finding ways to scale your income in more efficient ways can give you flexibility in your business to hit the next level. That level might be “taking a vacation, ever” or “hiring more help” or “ordering new inventory,” but whatever it is, adding streams of income with different underlying economics can give you the freedom to explore it.

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Passive income FAQ

What is passive income?

Generating passive income refers to active income that requires minimal work to earn and maintain. Passive income sources include investing in mutual funds, selling products online, teaching online courses on sites like Udemy, or other tactics where the earner doesn’t have to participate.

What are the benefits of passive income?

Passive income is important because it provides residual income with minimal time and effort. It can improve your personal finances and give you the freedom of time. Not having to trade your time for money can reduce stress and anxiety, and make you feel more confident about your financial future.

How can I generate passive income?

Start a dropshipping store
Create a print-on-demand store
Teach online courses
Start blogging 
Sell handmade goods
Run an affiliate marketing business
Sell digital products
Sell stock photos online
Become an Instagram influencer
Buy a rental property
Invest in the stock market