Everyone would love to earn money doing little to no work 24/7. While it may seem like a dream, some income-generating methods will allow you to earn money passively or semi-passively even while you sleep.
They will usually require an initial investment in time and effort and proper execution for them to work, but they do exist.
If you are looking for a way to earn passive income this year, here are a few smart ways you could do so. Also read how to become an amazon influencer.
Affiliate Marketing
Affiliate marketing is one of the best ways to earn a substantial income online. It doesn’t require you to buy inventory, can be started with a zero dollar investment, and can be also set up to earn you passive income.
It all begins with choosing the right affiliate program. If your goal is to push physical products, then look no further than Amazon’s Associate’s program. How it works is easy too.
All you need is to sign up for their program and they’ll give you a unique identifier that you can add to URLs.
These URLs can be inserted as naked links, cloaked links, text links, or banners. Some ad networks will also allow you to add your identifier to your destination URL so you can make money directly from ads.
If you want to earn income passively with affiliate marketing, you can either build a newsletter and/or a blog and create content in advance.
You can then set a schedule for this content to be distributed or published. This works especially well with reviews as they will remain relevant over time.
Referral Marketing
Referral marketing is very similar to affiliate marketing. The main difference between the two is that referral programs are more personal, and usually, you need to be an active user of the brand you want to promote.
To give you a good example, the passive income app Honeygain offers a referral program where you can receive continuous profits from each person you bring, as long as both you and the person are using the app.
Used simultaneously, affiliate and referral marketing can become a stable income stream that generates effortless passive income.
Arcade Machines
Setting up arcade machines in different parts of the city is one of the few truly passive income ideas we can think of.
You could set them up in bars, laundromats, restaurants, retail stores, you name it. If you pick the right machines and put them in the right areas, you could end up making a lot of money with little work.
Here, we suggest that you look at older machines instead of new ones. You can get some great deals on older simulation-type games which are some of the most popular among people of all ages.
You don’t need to stick with traditional machines either.Coin-operated foosball, air hockey, and table hockey games can also work depending on where they’re placed.
E-Book Creation
If you’re intimidated by the idea of creating an eBook, don’t be. All you literally need to create your eBook is Google Docs.
As a matter of fact, you don’t even need to write the eBook yourself. You could pitch the idea to a ghostwriter who will write it for you and have someone else make it into a nice PDF with a professional cover.
The best thing about eBooks is that you only have to create them once and they’ll keep bringing you an income.
The most important part is finding a good subject, writing about it competently, and setting up your sales page, sales funnel, and upsell/follow-up system properly.
Use Your Car As A Billboard
If you own a vehicle, know that there’s a lot of visual real estate here. Some companies will be more than happy to pay you for you to brand your vehicle with their logo.
You won’t be able to find too many of them by going to them directly, however.
You will need to get in contact with a specialized agency that will look at your vehicle and driving habits and see if you would be an interesting candidate. They will then try to match you with advertisers whose profile you fit.
Conclusion
These are only some of the ways that you could earn passive income. If you have questions about any of these methods, speak with people who have tried them and research as much as you can before you start.
