The internet offers boundless possibilities for earning a living online. Upwork and Freelancers Union found that 35% of the American workforce was doing some type of freelance work in 2016, and 73% said technology made it easier to find that work. One of the ways to harness the internet as an income source is pursuing affiliate marketing. It’s intended as a way to generate passive income, but does it really work? Let’s consider.
Rakuten Linkshare is one of the oldest affiliate partner networks that is gaining popularity very fast. To wade off competition as well as making it user-friendly, the platform come with some distinctive features. One of these features includes rotating different banner ads for specific products, making it easier to administer and optimize in the long run. Instead of having to select the ad, you would want to run on your blog manually; that will let multiple versions of ads rotate with a small piece of code.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
Having your own site to sell gently used handbags is probably going to be a really, really difficult endeavor for what its worth. It will be hard to get enough eyeballs/visitors on those bags to generate enough sales to make you any meaningful income (it’s an incredibly small niche and almost too specific in nature). Not to deter you from the idea completely but you’ll need to commit to several years of patience to really hit a home run in that field.
A fitness site can have numerous revenue streams. Create healthy eating plans and recipes and lock them away as premium content. Promote and sell a fitness training course, eBook, or a series of videos. Or advertise your own personal fitness services on your site. Topfithub is a good example of a fitness site with decent video content alongside product reviews.
It’s something akin to picking stocks. You want to buy undervalued domains, and sell them later on at a higher price. For example, you can pick a domain that is out of favor, but could be related to some future event. So if you decide that the stock market is likely to crash in the future, you can buy a domain that includes the words stock market crash during a rising market, and then sell it in a falling market.
Persistence and Commitment. You’ll need to have a good amount of persistence while pursuing freelance writing gigs. This business is subjective, and while one person may love your writing, another may not. Do your best to always produce good, solid copy and hold on to your commitment to do the best you can for your clients. Just by committing to do those two things, you’ll be miles ahead of your competition.
Dependency: This is the biggest con, so pay attention! Affiliate marketers depend on the merchant to make their money. If there were no merchants or affiliate programs, the possibility of being an affiliate marketer would not exist. It even becomes more frustrating if for one reason or the other a merchant suddenly stops running the business or their affiliate program. This can potentially deprive the affiliate marketer of his one-time steady source of income.
If you worry that your readers won’t like the fact that you’re making money, I encourage you to shift your paradigm on this a bit. If someone provided valuable information to you, wouldn’t it be nice to reward them a bit? Maybe they taught you something. Maybe they saved you time for not having to search for the information themselves. Maybe they showed you some great uses for a product you were considering buying anyway. Whatever the case, if you’re providing affiliate links in an ethical way, no one should fault you for it.
There are also shopping apps like ibotta, MobiSave, and checkout 21 that give you money back for shopping. And the Walmart app has a savings catcher feature where you take a picture of the barcode or upc at the bottom of your receipt and they search all surrounding store and if a lower price is found they give you the difference back. I have made about 50 bucks total from this app and 20-30 from things like ibotta.
Next, you need to set up and build your YouTube channel. Your YouTube channel is your homebase for all your content. If you already have a Google account for Gmail or Google Drive, then you can use that to log-in to YouTube and start setting up your channel. Pick a username that works for you and is memorable (if you’re using an existing Google account you’ll have to edit your username in Google+).
Outsourcing is the new and dominant wave of the business world. As businesses shed employees, they increasingly turn to independent contractors to supply what in-house staff used to do. One of the ways they do this is through virtual assistants. These are people who provide certain tasks online. Businesses can use virtual assistants as much or as little as they need to. If you can make yourself available to multiple businesses, you might have plenty of work without ever leaving your house.
Evaluate Web sites. Another way to make extra cash in a short amount time – $10 for about 20 minutes of work – is to sign on with UserTesting and evaluate Web sites. You need a computer with a microphone and Internet connection, and you’ll have to fill out a one-page demographic profile. You’ll receive work if your profile matches that of the target audience of sites being tested. Then it’s just a matter of using UserTesting’s screen recorder, which you'll need to download to your computer, to record your verbal comments and on-screen movements as you click through a site. Site owners typically are looking for feedback about whether the Web site is confusing to navigate.
Flexoffers is another huge affiliate marketing network. They pay you (the affiliate) a lot faster than others in the industry. It has more than 10 years of experience in the field. While they do not offer anything that is neither groundbreaking nor revolutionary, they do provide a solid array of tools and features that will surely aid you in your campaigns. In addition to the fast payouts, Flexoffers lets you choose from thousands of affiliate programs to promote, offers various content delivery formats, and more.
This is a very common way to promote offers. For example, you will often see a blog post with links to certain products or services. If the reader clicks through and makes a purchase, the blog owner will make a commission. These in-text links blend in with other content on your site and are a great way of promoting an offer within your content, without being over-the-top salesy with banners.