On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
While some might think that starting a blog is an arduous effort, when you understand the precise steps you need to take, it becomes far easier. It all starts in the decision of choosing a profitable niche and picking the right domain name. From there, you need to build your offers. You can easily sell things like mini-email courses, trainings and ebooks.
Banners – after testing them out I decided to take down my banner ads since they looked salesy and weren’t working like my affiliate links did. They’re easy to throw up, but distracting and probably won’t get great results. If you try them, be sure to show specific sidebar banners based on the type of content people are reading on your blog (for posts that fall under my SEO category I would show a banner related to SEO, and for posts under my website speed category I would show a different banner). You can do this using a plugin like Widget Logic.
2. Of course, nearly all my readers are using WP so I’m biased. But even so, most successful affiliates use WordPress. There are less restrictions in terms of hosting (site speed), design customizations, plugins, cloaking affiliate links, lots of things. I would setup a free wordpress.com site just so you can play with the dashboard and see how you like it. Who knows, you might find a theme you really like (eg. StudioPress) and want to make the transition. I would at least test it out…it’s better to make the transition earlier than later.
NEW! Become a Virtual Assistant – Virtual assistants are in high demand these days as people are working more and more online especially with social media. These tasks can range from something like scheduling pins on Pinterest to commenting on Instagram or even liking a bunch of posts. You can find a lot of jobs available on Upwork.com  (you will hear us refer a lot to upwork for online positions)
20. Etsy – If you like to create arts and crafts, you can sell them on Etsy.It’s completely free to open an Etsy store. You simply sign up, post pictures of your creations and starting selling. You can choose your payment option, but PayPal is generally the easiest. Etsy makes it easy to sell and keep track of your inventory. There is a small listing fee and they take 3.5% of every sale you make.
the trick really is to get into motion as quick as you can. Choose your niche that you enjoy writing content on for a while and just get started. This blog post shows how to build out your first blog https://www.milesbeckler.com/how-to-start-a-blog/ and you will learn 100X more from doing then you ever will from studying… So making that shift as quick as you can is key
I am a STAM working 3 jobs… all part time and from home… (can u believe it?) But really, I started with the mystery shopping, and that was OK. The positive was you get paid, the challenge was not frequently and sometimes needed to wait a month for payment to be transferred to the paypal account. Then I became and infant massage teacher and love this. REDTENTSALE is my Ebay store, I sell so many various items I find from wholesellers and it’s nice, I do this when the kids are asleep; anyone can… very manageable and nice “but light” income. I would say the one by far that is taking me places is Real Estate Marketing.
2. Of course, nearly all my readers are using WP so I’m biased. But even so, most successful affiliates use WordPress. There are less restrictions in terms of hosting (site speed), design customizations, plugins, cloaking affiliate links, lots of things. I would setup a free wordpress.com site just so you can play with the dashboard and see how you like it. Who knows, you might find a theme you really like (eg. StudioPress) and want to make the transition. I would at least test it out…it’s better to make the transition earlier than later.
For example, if you buy a $100 suit… perhaps you could rent it out for $25 for the night/weekend and someone locally is interested in just a cheap rental (because they don’t need to own a suit for the one or two times per year they wear one). After four weekends of renting the suit, it’s paid for itself. Now, whenever it’s rented out—you’re profiting for the remaining life of the suit.
I am a STAM working 3 jobs… all part time and from home… (can u believe it?) But really, I started with the mystery shopping, and that was OK. The positive was you get paid, the challenge was not frequently and sometimes needed to wait a month for payment to be transferred to the paypal account. Then I became and infant massage teacher and love this. REDTENTSALE is my Ebay store, I sell so many various items I find from wholesellers and it’s nice, I do this when the kids are asleep; anyone can… very manageable and nice “but light” income. I would say the one by far that is taking me places is Real Estate Marketing.
I’m a former lawyer turned entrepreneur with Rodan+Fields (makers of ProActiv, the acne system). After welcoming my twin girls, I decided traveling, long hours, and dial-ins were no longer for me. I wanted to work from home on a part-time basis and Rodan+Fields has allowed me to do that. If you’re interested in earning a solid part-time income on your own terms, I’d love to talk to you!
Sell Products You Love. – I have never been a sales type of person, however, I can tell my friends the things I love to shop for. Companies like Stella & Dot (which has such cute jewelry) enable women to get a business of the ground really fast. (Bonus: if you sign up with Stella & Dot with our affiliate link, you’ll get $350 in free accessories.) Do you want to be a Style Boss? Learn more.
If you're serious about making money online, start a blog. Blogging is one of the easiest and most sustainable income sources. As long as the blog is setup the right way, in the right niche, with the right content targeted at the right audience, and the offer is complementary to the content, you could make a tremendous amount of passive income from a blog.
Create custom alerts on your phone for affiliate sales – if you use GMail, go to your settings and create a filter so all emails with “SiteGround Affiliate Sale Generated” in the subject line go into their own folder (tweak the subject line to match whatever email notification your affiliate sends you). Then setup a custom alert on your phone using the GMail app so anytime you generate a sale, you get a custom alert (here’s a tutorial for Android and here’s one for Apple). I have different notifications for SiteGround, StudioPress Themes, etc. Makes your day better :)
SEO: getting consistent traffic by writing AWESOME content about your keywords (there’s a phrase “length is strength” in SEO and this paid off big time for me). Maybe you’re doing videos or an eCourse, but I found blog posts WAY easier to update which means less maintenance. The biggest factor by FAR was the time I spent meticulously creating my tutorials… which eventually resulted in a sudden 3x increase in SEO traffic
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs. 
Hey Tom, thanks for this tutorial – it’s a good thing to get a tutorial like this from a trusted person like you and not from the thousands of (sometimes) confusing articles about passive income/affiliate marketing/clickfunnels and what not that I come across from time to time, I am making a living as a web designer and I have been thinking of pivoting from design and creative work to focus on passive income but didn’t know where to start. This is the perfect foundation article I have seen so far and I ‘d like to ask if you have any further reading/guides/videos on affiliate marketing that you’d recommend. I like to do my deep research before starting :) One more thing, there are some broken or missing images in this article, it could be my browser but check from your side too because there are quite a few images (e.g your Mercedes) that are missing. Thanks
If you have to earn $50-$100 commission you have to sell product of cost $500-$1000 (If you’ll get 10% commission). If anyone who is reading have the potential to sell product of this much amount then why not he/she should start selling his/her own product. And money ultimately comes when a service or product is sold! So if you can write an Ebook then write another which you can sell for money!
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