In this guide, you’ll learn what I consider one the best proven passive income ideas to get you started on your journey to financial freedom. This passive income business models has been personally tested to work over and over again. I’ve been able to make $100-200 per day with this simple model and there’s no reason you can’t do the same.
This particular passive income idea that I’m going to reveal involves creating an online affiliate business. I like passive income ideas do not include buying ATMs, vending machines or spending a lot of money up front. This means you don’t need to invest a lot of money to get started.
Why This is One of the Best Passive Income Ideas
The best thing about it is that practically anyone can set up an online business (all you need is a computer and an internet connection) and enjoy additional cash coming into their bank accounts, month after month. Imagine running your own profitable business from the convenience of your own home. That’s the first step to full financial freedom.
The only upfront cost is a domain name and hosting, which is only about $12 a month. In the resources section below, I’ve listed the best places to get your domain and hosting along with discount codes.
Below is an overview of the business model. You can easily see why it’s one of the best passive income ideas ever.
The Autopilot Cash Affiliate Business Model
These are websites you create that promote other people’s products. These products can be physical products, such as Amazon items, or digital products, such as Clickbank ebooks. Clickbank alone is one of the most profitable passive income opportunities.
Here’s an example of what’s possible when you promote Clickbank products:
When a customer buys one of these products through your website (through your unique tracking link), you get paid a percentage of that sale in commission. Depending on the product and niche, you can make up several hundred dollars per sale.
Once your site is set up, all you need to do is send visitors to it (driving traffic) using free, long term methods, such as SEO (search engine optimization). This allows you to continue to enjoy making money, month after month, without doing much additional work.
If you’re a complete newbie and this sounds confusing to you, don’t worry. Setting up an affiliate website is actually really simple. You just need to install a WordPress blog on your domain. This can done automatically if you choose Host Gator hosting that I recommend below.
One your blog is up and running, all you need to do is write posts that provide your visitors the information that they want.
You can place your affiliate links in the posts themselves, or feature them as banner advertisements on your blog.
Some specific examples of affiliate sites that can absolutely crush it include:
- A personal blog – If you are passionate about the topic, you should start a personal blog and write about whatever interests you in your niche. If your posts are interesting, you’ll quickly gain a following of readers, who you can promote affiliate products to.
- A review site – A review site is a cash sucking magnet. This is because most people searching for reviews are ready to buy a product, they just need to choose a specific one. When you can help your visitors choose the right product, you’ll clean up nicely. Review sites are one of the best online passive income ideas, period.
- An information site – As its name implies, an information site provides the visitor with information on a particular topic. If you’re content is good, you’ll be regarded as the authority, and your visitors will happily follow your product recommendations.
Most new internet marketers start with affiliate marketing because it’s really easy and safe way to get started. Like I mentioned before, the upfront cost is very low (just hosting and a domain). You also don’t need to spend any time creating a product. You just need find an existing product that can bring in a lot of sales.
It’s also important to keep in mind that you don’t need to be an expert in your niche. The person who created the product is the expert. The purpose of your blog is simply leading your visitors to a buying decision by telling them about products that will help them reach their goals and fix their problems. It’s really as simple as that.
Wondering which niche you should jump into? There are about 16 niches that I consider evergreen, or profitable year-round, for long periods of time.
Watch my how to pick a niche video to learn what they are.
There are many passive income ideas out there, but affiliate marketing is one that has been tested and proven to work over and over again.
How you can get started towards building passive income online
If you’re serious about creating passive streams of income for yourself, check out my training course, Passive Income Shortcut. It’s a step by step blueprint on how to reach $100/day in 90 days with affiliate marketing.
Click here to register as a lifetime member and receive access to all the training materials.
Resources
Namecheap domain name registration – $3-$10 domain names. You can find usually find coupons at Retail Me Not.
Hostgator web hosting – the most popular and reliable web host company.
Leave a comment below with your thoughts. Do you think that affiliate marketing one of the best passive income ideas ever?