Make sure you only promote products you know and love. The moment you promote bad products is the moment your audience loses trust in you. But there are a host of platforms to choose from. Some well-known affiliate marketing platforms are Amazon Associates & ShareASale.
Some places to promote your affiliate links are through social media, email marketing, a YouTube channel, podcast, or blog. This is an easy form of passive income because you simply promote someone else’s product and get paid. You can get paid a commission for each sale in exchange for promoting products or services. Affiliate MarketingĪffiliate marketing consists of you teaming up with retailers to promote their products.
Study what they’re offering, and see how you can make your unique version of a similar offering.Ĭanva is good for creating digital downloads, while platforms like Etsy and SendOwl are great for selling them. Search for related keywords on Google and see what comes up. The best place to start is by researching competitors in your space. You’ll want to perform market research to learn what your potential customer base is looking for. Printable checklists, craft and hobby guides, downloadable spreadsheets, and social media templates are all viable options for digital downloads. These are products that can stand on their own and still add value to your clients.
Instead of producing a full e-book, with digital downloads you produce single downloadable products. Digital Downloadsĭigital downloads are tools that provide your customer with a quick win to an issue they have. You can design your e-book on sites like Canva, Beacon, or even Microsoft Word. An average e-book can be between 2,500 and 10,000 words, depending on your niche. Keep in mind that your price will determine your customer’s expectations. These don’t have to be the length of full novels (though they can be). The main difference is the way this information is packaged.Īn e-book uses a computer, mobile device, or e-book reader (such as Kindle) to view long-form text in a book form with text, images, or both. Similar to the digital course, writing an e-book (electronic book) is another avenue to sell a particular skill set or expertise. Platforms like Teachable, Podia, and Kajabi make it easy to package, market, and sell your digital course. Instead of giving all your knowledge away for free, you can turn it into passive income by collating your ideas, skills, and knowledge into a digital course. Maybe it was a Facebook post, YouTube channel, or blog sharing advice on a particular topic. You may already be sharing your expertise and not even realizing it. You can turn your skills into dollar bills through a digital course.Ī digital course is a source of passive income that continues to sell itself without you having to do much work after the initial creation. We all have expertise in something that someone is willing to pay for. Design your blog, write content, and promote through social media.Get a web hosting account (Example: SiteGround).Choose a blogging platform (Example: WordPress).Once your blog is consistently getting traffic, companies may even reach out to partner on projects. SEO the science behind getting traffic to your website. To earn passive income through display ads, you’ll want to focus on SEO (search engine optimization). Your blog becomes a passive income stream through display ads, affiliate marketing, and/or digital product sales.