Looking for passive income ideas to make money while you sleep? One of the best ways to make passive income from a standing start is through the internet. While many suggest buying property or trading and investments, those ideas are great if you have the money to invest. When I started out online, looking for ways to make a living, I didn’t have the money to invest in property or stocks and shares. I didn’t have the time to wait years until my investments matured!
I tried many online earning strategies and eventually settled on affiliate marketing because it shone out from the rest. You can earn a passive income in many ways online including through using advertising platforms such as Adsense, selling your own digital products or using the affiliate or drop shipping models. But affiliate marketing for me was the one which worked the best. It’s simple. You join a program and promote other people’s products with affiliate marketing. You don’t need a massive investment, only the time to learn some strategies, principles and techniques.
Passive Income Ideas To Make Money While You Sleep: Blogging
With affiliate marketing you can implement lots of different techniques to make sales online. When you make a sale, you earn a commission. There’s no inventory to hold, investments to make (besides your education) and you can work from anywhere! One of the cheapest ways to sell affiliate products online is through blogging.
I started blogging because of this back in the early 2000’s and it wasn’t all plain sailing. But I made my first affiliate sale quite quickly through a review article. From then on I was hooked! I knew if I could make these sales consistently it would be my ticket to a passive income and more choice and freedom in life!
Blogging can take some time however, but once you have put the work in upfront, you can leverage your “body” of work to make affiliate sales automatically. This website, for example, has over 700 articles on it now. Many of these pop up through Google, Bing, Yahoo search queries and lead to affiliate sales. More on blogging in my article get paid blogging.
Passive Income Ideas To Make Money While You Sleep: Email Marketing
Another useful tool up the affiliate marketer’s sleeve is email marketing. With email marketing you can automate email messages to be delivered to tens or even hundreds of thousands of subscribers; building trust online and selling products and services online through your messaging.
Email marketing is one of the best ways to sell affiliate products online. From a website it can be quite tricky to sell something to a visitor. Most website visitors only stick around a few minutes. But once you capture the email address of a website visitor you can follow up over months and even years with your email messages. This gives you a much longer timeframe to build trust and sell your products.
Passive Income Ideas To Make Money While You Sleep: PPC – Paid Marketing
Paid marketing is one of the best and fastest ways to build up an income through the sale of affiliate products. By targeting specific search queries or individuals according to their interests, age, location and other useful demographics, you can sell affiliate products directly or by combining paid marketing with email marketing. This can be done by sending paid traffic to a landing page where you capture a visitor’s email address. From there you can automatically follow up with an email marketing campaign to sell an affiliate product. By using high ticket affiliate products and subscription affiliate products, you can much more easily recoup your advertising budget and become profitable.
Initially it will take some time and effort learning paid marketing techniques to drive traffic to affiliate offers. But once you hit upon a winning campaign you can simply leave it running, making sales on complete autopilot! Most affiliates who run paid marketing strategies will start with a low affordable budget and slowly increase it once profitable.
Summary
You only need one strategy to make a passive income from the internet but you need to stick at it until you have mastered it. When I first started out online, I made the mistake of jumping around from one strategy to another. This meant I didn’t get much traction with any of them, since I wasn’t giving enough time towards any one given tactic.
Once you have chosen a good affiliate product to promote online, you need to pick a strategy which works for your given situation and circumstance. If you’re working full time, you’ll probably want to choose a paid marketing method which can work while you’re away from the computer. But if you have a lot of time and less disposable income, you’ll probably want to pick a cheaper strategy such as blogging or content creation.