Since time is the most precious commodity on this earth, invest the time at the front-end so that you can reap the benefits on the back-end. This means putting in a bit of sweat equity and not getting paid today. Rather, you'll get paid somewhere down the road. And you'll continue getting paid whether you keep building that passive income stream or you stop. It's obvious that this is the preferred route, but clearly the road less traveled.
Ready to enter the ecommerce fray? Why not sell your own stuff. Of course, along with selling your own stuff on your own website comes a whole slew of both responsibilities and technical configuration and requirements. For starters, you'll need a website and a hosting account. You'll also need a merchant account (sure you can use Stripe or PayPal). Then you'll need to design that site, build a sales funnel, create a lead magnet and do some email marketing.
If you have pop-ups and optins on every page, I would have to think that it would be a lot harder to convince someone to link to it. Especially since the pages where you have your optins (and probably receive the most traffic) are probably the same pages that you have your best content on as well that you’d be hoping to pitch in your outreach campaign.
You'll also need ecommerce software, fulfillment software, worry about warehousing, customer service, refunds and so on. But that's not all. You'll also need traffic. Think search engine optimization, Facebook ads, and other social media campaigns. Sound like a lot of work? Sure, it is. Especially if you do it all on your own. You could opt for Amazon's platform, which might be the easier route. But, then again, at the end of the day, this is a serious business, which could produce significant profits. So you're either all in or you're not.
I have developed what I think is a pretty cool 11-part auto responder series that solves a critical problem people have in my niche – it includes a number of affiliate links as well (although not clickbank – yet). I currently have a squeeze page set up which I’m driving traffic to through using FB ads, but I’m finding that I’m having to pay way too much for every conversion ( > $1.50 per conversion).
ClickBank is one of the most recognizable affiliate platforms in the world and for good reason. It started in a San Diego garage in 1998 and has since grown into a 3 billion dollar+ ecommerce giant. ClickBank has perfected the digital marketing space by creating a vast marketplace for both product creators and affiliates (sellers of those products) to make income together without burdensome paperwork or complex legal agreements. In fact, from just the front page of the marketplace, ClickBank’s clients will earn close to one hundred million dollars this year in 2018.
I think Clickbank is going to be around for a while. Digital information products, membership sites, PDF guides and other information that can be bought and sold on the internet is only going to grow. I give CB a hard time because I work in the internet marketing industry so I see horribly hyped and misleading products all the time, but there were a few goodies I found in my research for this article. I'm not recommending you promote these, but I just thought that they looked like high-value products for the right niche audience.
Today, if you're at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
Anyone interested in making money online should be pursuing passive income, while also working on active income. There are loads of ways to generate an income passively on the internet, many of which start at the foundation of having a blog, generating substantial traffic and building an audience and a list. Is it easy? Nope. Is it worth it? It sure is. But that doesn't mean you need to start a blog to make money online today.
Rent out a parking spot. If you live in a busy or congested area and have parking to spare, you might be able to rent out your parking space for some quick cash when you’re not using it. Simply advertise your open parking space online including details on the location, whether it’s covered or uncovered, and your desired hourly, weekly, or monthly fee. If you want, you can even use a site like Just Park or download the Spot App to reach more potential customers.
Choose the product to promote very carefully, visit the site that sells the product or service directly and how that site is presented. Is the design simple, persuasive and is the product high quality, priced reasonably and useful to the audience you are addressing? Is it in line with the right ethical and moral system you want to be associated with?
26. Services – You can offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.
Hold a yard sale. If you have a yard or garage and plenty of items to sell, you can have a yard sale as early as tomorrow. By advertising your sale on local Facebook pages and Craigslist, you can also skip the paid newspaper ad and keep all of the profits for yourself. If you don’t have time to price everything, try asking patrons to “make an offer” or grouping similar items on tables with an advertised price (e.g. everything on this table is $5).
Tutor students. Many families prefer the flexibility of using an online tutor. Depending on your background, you could be simply helping a child with homework or providing college-level support. You need to have your own computer and high speed internet. Experience required differs among companies. Some require “strong experience,” while others require a specific educational background. However, most companies do require a college degree.