Interested in generating passive income? You need a website. It’s THE way to make money while you sleep.
Starting a website with Bluehost takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old. It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetise your site.
Save the Student is just one example of a successful website, started at university by Owen Burek in his first year, which has since grown into a full-time and sizable enterprise.
If you’ve got a good presence on social media or perhaps you even have a blog or website, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.
Affiliate Window logoSign up as a publisher on the Awin network, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it. If someone buys (can be within up to 90 days) using your link you’ll make a nice commission.
To take it a step further, set up a website or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there.
Choose from several different strategies to monetize your website. You can have ads on your website and get paid when visitors click on them. Also, you can promote products, either your own or someone else’s, and get paid when people purchase.
With Google Adsense, you install some code on your site that allows ads to appear on it. You get paid when visitors click on the ads.
You can also sell advertising space on your website.
Affiliate marketing means that you promote products for your niche. A link or banner advertising the product is displayed on your site. If visitors click on it and make a purchase, you receive a commission.