What are the best ways to make passive income online? Making income passively can be done by creating automated online systems and strategies which sell other people’s products. One of the best ways to make passive income online is through the selling of other people’s products and services. This is a business model known as affiliate marketing.
With affiliate marketing you don’t need your own products and you don’t need to deal with customers directly. You get paid by referring people to products online. There’s a few ways of doing this so that you can ultimately earn a passive income from your efforts:
- Content creation – sell products through your online content
- Email marketing – build an email list of subscribers and sell products to them
- Automated websites – build niche websites which attract traffic naturally through SEO – search engine optimisation
- PPC – paid marketing strategies can drive online traffic very quickly. Once you learn how to do this profitably, you can set it and forget it!
Best Ways To Make Passive Income Online: Content Creation
There’s over 600 million blogs on the internet today in 2022. This number is growing fast too because blogging is a simple way that anyone can earn an income through product referrals. Blogging is a long term solution to a passive income though and you’ll need a lot of content (and patience) to make money passively from a blog.
But it can be done and that’s what is so attractive about it! As your content grows and you start attracting an ever larger audience, you can send your visitors to relevant products and earn commissions from their sale. Blogging isn’t the only content creation method either. Many affiliate marketers use video to promote their products too. Content creation is therefore a fairly versatile way to make a passive income online.
You attract an audience through your content and promote relevant products to them. With enough content this can happen passively over time. Still, it takes a lot of effort to build a passive income using this method. Depending on the topic of your content, and the relative competition, this can take weeks, months or even years. See also how long does it take to make money blogging.
Best Ways To Make Passive Income Online: Email Marketing
Email marketing is a favourite marketing strategy for most online marketers. It allows a marketer to build an email list of subscribers and promote products and services to them over a long period of time. On a website, a visitor only has a short period of time to make a buying decision. But once on an email list, this time period is dramatically extended.
Marketers can sell products to their email list even years after a subscriber has joined it.
An email autoresponder for affiliate marketing is a very effective marketing strategy and it’s also compatible with multiple different marketing strategies such as organic and PPC (pay per click) advertising.
So if you’re considering building an online income, you should definitely get an autoresponder.
Best Way To Earn Passive Income Online: Automated Websites
Websites can be used to promote and sell other people’s products to allow the owner to earn passively from them. There’s two main categories when it comes to generating traffic to a website and earning from it. You can either build a niche website which generates traffic organically, through creating content. Or you can run paid marketing towards a website and collect email subscribers/sell directly from your site.
To build a niche website which gets organic traffic for free will take a little more effort.
PPC – Pay Per Click (Paid Advertising)
If you’re running paid advertising, you can create a simple Google/Facebook compliant website and run visitors to it very quickly. Although this is more expensive, it’s much easier to scale a paid marketing campaign than it is to scale an organic one. See also paid vs organic traffic generation and scaling an affiliate business.
With a good affiliate business model, you can earn passively from subscription and high ticket products.
Subscription affiliate products in particular are useful for generating a passive income. With a subscription product you earn a passive income from each individual sale so long as your customer maintains their membership. Subscriptions and high ticket product funnels are the best to use if you want to build an online business quickly, and benefit from recurring commissions.
