You first have to decide what type of income that you want.
Do you want passive income with minimal work or do you want to create software products that you have to maintain and answer support questions?
There’s much work involved in online marketing.
If you want truly passive income, then you will have to write books that people will buy and sell them on amazon. If you love to write, this can be very lucrative. There are many programs that teach you how to publish books on Amazon and promote it effectively. The good thing about publishing books is that once the work is done, it can sell for years (Truly Passive Income).
You can also, just be an affiliate marketer, where you only promote other products and get a commission.
Passive Income Involves Work
There’s a lot of time involved in creating a software product and keeping it updated. Yes, you can get affiliates, if your products are very good and pay out good commissions, but you still have to maintain it. You also have to create a sales page, opt-in page, bonus page, deal with customers, do refunds, have a good web server for high traffic, and much more.
You can hire someone to do it for you, if you are making enough sales to justify it and make it more passive. But, that is easier said than done.
I guess that’s why I choose to promote other people’s products so that I don’t have to deal with customers. I can just refer them to the customer support desk if they inquire of me.
If you do affiliate marketing right, you can make plenty of money.
I used to try to make a website for each product that I wanted to promote for SEO purposes. That turned into a lot more work on my part.
Now, I recommend working on one website and promoting affiliate products on one site. It is easier to maintain and promote one website than it is to promote several different websites.
Also, I only promote good products that I use or could use. There’s no sense in promoting a bad product. It makes you look bad to the customers that you referred. I want my customers to be happy that they bought the product. If you do it this way, you will have far less refunds and happy customers.
Affiliate Websites Help With Passive Income
Being a good online sales affiliate is time-consuming in the beginning, but once you get your site set-up, looking good, and running, then the technical work is done. Your website is your storefront and you want it to look nice.
Next, you start promoting your website. Just be sure that you are promoting your site in the right place. If you are selling health products, you don’t want to advertise on a site that sells electronics. Any time that you promote your website, it should be in a market, website, forum, or blog that is related to yours. If you advertise somewhere that is unrelated to your promotion, then you are wasting your time and money.
Another prosperous thing for affiliates to do, is to build their own following. Once you build an email list, you can keep in touch and help them with their needs. If you offer true value to your followers, they will listen to what you have to say. Your followers will also receive your product recommendations happily.
When working in affiliate marketing, you will have to do the work that it requires. Whichever income method you choose (passive or creative) you will have to do site promotions, product promotions, writing, advertising, commenting, etc. Of course, if you are making enough money you can hire someone to do these task for you. So, the more money you have to spend on promotions, equals a more passive income for you.
I find that it’s easier to only promote good products and leave the support to the product owners. You can still build a list doing affiliate marketing, if you offer real value to those who choose to opt-in. Just do not send out mailings every day promoting every product that comes up. If you do, your list will unsubscribe and all your work, time, and money is lost.
Hopefully, this will help with your decision, in choosing the type of online passive income that you want to pursue.