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Evergreen Internet Profits
5 Passive Income Businesses You Can Start Today
If there’s a business model entrepreneurs should strive to succeed in, it should be those that generate passive income.
Why? Because with passive income you’re literally earning money with minimal to no effort on your part. Sounds like a dream, right?
Yes, it’s quite the dream life when you get to that point. But obviously getting there is not easy. Otherwise, everyone will be living off of their passive incomes and traveling around the world!
So, how do you find the perfect business that will generate passive income for you?
If this is something you’ve been meaning to ask, then you’re in luck because in this short report, you’re going to learn 5 of the best passive income businesses you can start today!
Affiliate marketing is often one of the first methods newbies try out when they first get involved in Internet marketing. The idea behind this business model is very simple and is a proven profitable method. You simply need to promote other people’s products as an affiliate, and you get a commission every time someone buys those products through your affiliate link!
Commissions vary wildly. In some places like JVZoo and Clickbank, you can get commissions as high as 90% or even 100%! If you’re an Amazon affiliate, the maximum commission you’d get would be 10%, but the good thing is you get a commission for all items bought on Amazon (not just the ones you’re promoting on your website).
The key to getting good income with affiliate marketing is by sending plenty of traffic to your website. It’s a numbers game basically so you’d need to look for where your target audience is hanging out and promote your affiliate products to them.
One great advantage of affiliate marketing is that it’s relatively easy to setup. In fact, you can promote products anywhere you want – on your blog, on your guest posts, on forums, on social media, on your emails, and many more places!
All you have to do is just sign up to be an affiliate of a product you like, and then use that special link and promote it. That’s it! Of course, not all affiliate networks and product owners are going to approve your request. Most networks do have standards in place.
Most of them will ask for your website address and ask you questions on where you plan on promoting their products. If they don’t like your answers, then you don’t get approved as an affiliate.
In most cases, product vendors require you at least have some solid online presence before they approve your request. Product vendors do get scammed too, so they tend to be pretty careful when it comes to approving affiliates.
If you find it difficult getting approved on a network, it’s best to establish your online presence first by building your own website or blog, and letting it age for a few months before re-submitting your application.
When your application gets approved, and you create valuable content around the affiliate product, then you can pretty much get passive affiliate marketing income for as long as the affiliate product is available.
Sell eCourses and Info Products
If you are an expert in a particular subject, and you want to share your expertise with the world, then you may want to create your own course and info products. However, if you don’t have specialized knowledge in anything, don’t fret.
It’s not the end of the world. You can still sell eCourses and info products even if you don’t have first-hand experience in any subject!
You’ve got two options basically.
First is you take the time to learn the subject, research it thoroughly and then apply what you’ve learned when you create your course.
The second option is to just outsource the content creation to someone who actually knows the subject.