• Affiliate Marketing – For Passive Earning

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    Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products.

    You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make.

    • You’re happy because you earned a commission…
    • The company is happy because they have a new sale from a customer that they might not have normally been able to reach…
    • And the customer is happy because they learned about a product from you that will hopefully fulfill a need or desire.

    The beauty of affiliate marketing is that you don’t have to invest the time and effort to create a product to sell. You can begin selling something as an affiliate as soon as you have a platform to sell it on.

    Affiliate marketing: Pros

    • You don’t need to create a product: You’re getting paid for referring people to someone else’s product.
    • You don’t need to create a sales page, accept credit cards, handle shipments, returns, or support – the merchant does all that for you.
    • There are an unlimited number of affiliate marketing programs that you could join and promote.

    Affiliate marketing: Cons

    • You don’t control the commissions the merchants give you. It can change at any time.
    • You can’t control Google algorithm changes, and some of your site might lose all of their traffic over night because of such changes.
    • You only make a fraction of the sale (compared to owning the products!)

    The Lifestyle Affiliate‘s system goes through the following 7-step process:

    • Find and list possible products
    • Conduct keyword research
    • Get more keyword ideas
    • Pick a domain
    • Write content
    • Get traffic
    • Make money

    How Can You Use Affiliate Income

    If you have a blog or some sort of following of your own online, affiliate income is just one way you can help generate revenue.

    Rule #1: Send People to Products You are Familiar With

    Rule #2: Don’t Sell Garbage Products to Your Readers

    • One of the best ways to get people to hate you and not trust you is by sending them to a garbage product.
    • If you promote a crappy product, you will ruin your brand image.
    • Not only that, but you will be stunting your growth in the long-term as well. So please don’t direct your loyal followers to bad products.

    Rule #3: Sell Products that Will Help Solve People’s Problems

    • If you have a following online, there is a good chance your tribe trusts you. They see you as an authority figure. So direct them to a product that is actually useful and will help improve their lives.
    • Send readers to a product that will help solve some pain point they are experiencing.

    Benefits of Affiliate Income

    • With affiliate income, you don’t need a product of your own. All you have to do is piggy back off of someone’s existing product.
    • It’s less time intensive than creating your own course, product, book, and so forth.
    • you can also promote many different products that you may find useful to your audience.

    Drawbacks of Affiliate Income

    • You can’t make as much money with affiliate income as you could if you create a product of your own at the same price.
    • If you were to create a product of your own, you could make fewer sales and still bring in the same income.
    • One other issue with affiliate income is you might have to promote too many products. This could turn off many people in your audience.

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  • 5 Steps to Make Money Online By Writing

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    A general opinion prevails that online jobs are easy and can be done at one’s own time. While freelancing is available in online jobs, taking your own time is allowing others to take your place in the world of internet jobs. There is no shortfall in the availability of talent in this industry. However, it has been found through a survey that for every single vacancy there are 60 scams.
    Online jobs have its own advantages like working from home, time to attend to family and no commute. It is most suitable for homemakers, students, physically challenged and the retirees. You can be your own boss by creating websites and writing blogs or you can get paid for jobs like form filling, content writing, tutoring, copy paste jobs, sending emails, posting ads, writing reviews, online surveys, data entry, managing websites, stock market trading, office jobs etc.
    With just an internet connection and a laptop/ computer, you can earn good amount of money. While there are many sources to make money online, following certain steps is necessary to establish yourself in the market.
    1. Importance to content: It is possible to write a number a blogs in a day but more than the number the content in each blog is most important, especially for bloggers who have followers. For others, it is important to provide quality work. Be unique with your work, weigh your strengths and negatives.

    2. Focus on your job: Working from home is comfortable but it is important to establish a routine. Choose a work space at home, one that helps you focus and does not have too many distractions. Work at times when you can focus well, postponing does not help and reduces your work quality. Make timely submissions and do not take up more work than the ones you can handle. Always review your work before submitting.

    3. Research: There thousands of jobs online, to choose one is easy but it has to be something that you are good at and something that interests you. For entrepreneurs who want to sell products online, a marketing strategy has to be made. There are many scammers who can cheat you, therefore make sure that you are investing your time and money on the real deal. Watch out for jobs that ask you to pay as very few are genuine job offers.

    4. Extend your reach: Once you have established your ground, extend your reach and audience. For bloggers and entrepreneurs, more the people visiting your site, the more you earn. Putting your work profile out there invites international attention.

    5. Network: Stick by your views and spread them boldly. Write reviews, form discussion forums, write guest articles and use your social web page to view your work. Make yourself a unique brand name if your name is already taken up. Take reviews on your work positively.
    These steps are common to any type of online job. Building your brand name takes time therefore do not hurry.

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  • Passive Income Ideas and Ways to Make Extra Money

    Passive income is the income generated on a regular basis with little effort. Passive income is one way to check if small businesses can make it big while one has a regular employment. In some cases this can be looked upon as trial runs. The benefit here is that since only a little effort is required, people who aspire to become entrepreneurs can actually have an active employment which gives them a lump sum salary and they can try these other avenues that they are passionate about in small ways that generate passive income. When it becomes a hit (passive income generator) they can quit and settle in the more passionate business.

    The following are some passive income generation ideas

    1. DVD Library – Most people watch movies and with various international award that have gained popularity in recent times people have started good films in almost all languages. If you are a movie buff who has plenty of DVDs stacked up at home in some corner, then get them ready and start a lending library. Price the DVD at half the price of a store bought one and create your own passive income.
    2. Nail Art – If you are a woman who loves shiny and trendy nails, then collect all the nail colors you have. There are plenty of tutorials on youtube that show how nail art is to be done. Watch them and start offering your service to your friends. There is nothing like word of mouth to ensure the flow of customers. This could be your passive income.
    3. Your Own Cooking Channel (Youtube) – If you are good at cooking, then you can start your own cooking channel. All you’ll need is a good camera and some editing techniques that can be googled. With this you can start your own youtube channel. With more viewers and shares, advertisements will start soaring on your page and that’s how you make your passive income.
    4. Free Lance Writing – Passionate about writing, then this one is for you. Get in touch with people who may require content writers for blogs, websites and publications. This is one of the simplest ways for passive income.
    5. Online tutorials – Make online tutorials in simple language on anything under the sun. This will go places and advertisers will flock your website. One of the best passive income generators.
    6. Book Reviews – When people go about accusing someone of just being a bookworm, then it’s time to get the better of them. Review each book that has been read and put it on a website. Book lovers would flock your website just as the advertisers.

    Some of the passive income generating ideas have been shared above. If you are a person who has already started receiving passive income then we have a small tip to offer. Make sure you that you account everything. Let’s take the example of the cooking channel. Account the cost of all the ingredients that you use in the channel (even if it is a daily meal that you are going to use it for) and neutralize it with the income you generate from advertisements. This way you’ll know how much you make.

    Photo Credits: picturesofmoney.org

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  • How to Turn Your Hobby into Income

    Least did Clara know that when she volunteered to dress up her friend on her big day (wedding) that she would start her own business which would provide her regular income. Her interest in applying makeup and spending her husband’s hard earned money on new age cosmetics did not go astray. This is an ideal case of how a hobby has been turned into a business thereby paving the way for a regular income.

    If a person has a hobby that he/she is passionate about and if they are really good at it, then a bit of showcasing to bring visibility to it may help convert the hobby into business. Here is how you can do it.

    1. Use Social Media – Use social media such as facebook, twitter and whatsapp to show your work to people you know. This should be the first step. A couple of people may show interest in knowing what it is, a handful may appreciate it and another bunch may want to know how to do it which is the ultimate goal.
    2. Teach Your Hobby – If you have a hobby that interests others who want to learn it too, then you can arrange for classes. Start off doing this for close friends and acquaintances for a low fee and with each set of interested learners one can always take it to the next level.
    3. Sell Your Hobby – A person who has a talent to draw portraits or is good at photography, a person who can cook well, can sell their hobbies. Although one may use their hobby for relaxation purposes, once they start offering it to common people their own learning will improve and they can reach perfection soon.
    4. Writing/Blog – If a person is born with good writing skills, then they may be able to become good content writers or a person with a good narrative can publish novels or poems. This may be their chance to be famous as well.
    5. Gardening – Interest in keeping peace with nature can be fulfilling. It can be more fulfilling when it is offered to others as a service in order to spread the calm and in helping improve nature’s beauty. This is widespread today and loads of people are interested in growing their own vegetable and fruits in the calm of their own homes.
    6. Interior Decoration – This is another avenue which is creating business left right and center. Ambience have gained so much importance today that despite other factors being good, if the ambience is messy people just give it a miss. Hence if a person has innovative ideas about decorating a space, then this is their piece of cake.

    Having listed ideas on how to convert ones hobbies into a business, it is also important to know how to price tag them. Offering ones products or services much lower than the going rates in the market may make people wonder on the quality of the product unless tested while offering prices higher than market rates may make them choose an alternative. Hence how to price and how to showcase one’s hobby are important factors to become successful entrepreneurs.

     

    Photo Credits: lovelace-media.imgix.net

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  • How to Earn Extra While Doing Your Day Job

    First things first, before you get to know ways in which you can add additional income while maintaining a day job, you need to know if your day job allows you to take up part time jobs or other employment. Therefore before you begin, read and re-read your joining docket from the first to the last word as many times as you need. Call your human resources department in case you need clarifications. Now let’s talk business.

    There are many ways in which one can continue to keep their day job while encouraging their other side which involves a hobby or a passion. There are people who have tried several things at different points of time while having a proper day job. This gives you the flexibility to trial and error on the vast number of ideas that one can come up with. Wait for the one that gives you the best alternate source of income and then jump into it once and for all.

    So for starters we need to know the options that one has to earn while doing a day job. An important point to remember here is that, while you are at your trial and error zone, ensure that all weekends are spent constructively.

    1. Party Food – With the hullabaloo of cooking shows and competitions, everyone wants to try their hand at becoming a master-chef. But if you really are one awesome cook who has an interest in knowing several cuisines, you can try your hand at taking orders for a small birthday party. Start from your home, make cupcakes and other accompaniments for the birthday party of the youngest family member – say your own children or nephews and nieces. If you hit it right, then there is no turning back.
    2. Event Management – Are you a good organizer with no stage fear? Then you can start organizing events such as a small get together or a birthday party. Get some innovative game ideas from Google, twist it according to the culture of the people you plan to entertain and you are ready to go. Just make sure to keep the crowd merry.
    3. Paid Shopper – If you have good taste in clothes or any purchase for that matter and you know the best shops that can get them, then you have a job in hand, only that it is part time. There are several biggies who do not have the time to go shop for themselves or for their loved ones. Such people employ personal shoppers who are paid based on hours that they work, time taken to inform (last minute requirement? Then double the charges) and so on. Charges are based on the price of the articles, for example 2% on the cost of the entire buy.

    The ideas mentioned above are the most recent among others in the ‘how to earn while doing your day job list’. Find out which one suits your time and what kind of effort you can put in. It need not necessarily one of the above. It could be anything that you are able to convert into a successful business.

     

    Photo Credit: i.imgur.com/iLiYXCo.jpg

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  • How to Earn Using Photography

    There is nothing more exciting when your hobby becomes a profession. And Photography is one such domain which is not only exciting but also fetches lots of money. What is required is the interest, the knack to learn the techniques and knowledge to build your profession.

    Get Started

    When you get started, there are three things you need to remember

    1. Quality is very important for a professional photographer. Any profession is competitive and if you want to sell your photograph, then don’t take pictures as an amateur. Learn the art through a mentor or take a course before starting it as a profession\
    2. Quality is important and it should be followed by uniqueness. Every photographer could take a picture of sunset but a unique photographer takes it in a unique way. Learn the art of being unique
    3. Even though you are a good photographer, you need to keep well in business. So, a fan base is very important to propagate your skills.

    How do you sell Photography?

    Your advertisements to engage you as photographer or sell your work can be done either directly or through online sales.

    When we talk about direct sales, it will be through a community like a township or college or any place of work or even a coffee shop where you hang your piece of work.

    Online sales can be through a third party site or through setting up your own site.

    Ways to earn as a photographer

    We discussed about how to sell our photography. And now, we are going to discuss the different areas where we can actually earn.

    • Wedding Photography is one of the most profitable ways when compared to others. If you have lots of contact and that too, in their early 20s and 30s, then this is the best way to earn money. It is also suited for entry level because it costs relatively low for becoming a wedding photographer. The only thing that you need to remember is that it needs lots of work and responsibility because it’s a very important moment for your client. Make sure to find a mentor if you are new to this. Also, communicate with your client often so that you know what their expectation is.
    • Property/ Real Estate Photography comes next in line. For this, you don’t need much of the gear. A DSLR, a wide-angle lens and a tripod is very much enough to capture the beauty of the property.
    • Stock Photography is a very tough industry. This is because popular photographers’ work is sought first. This is because clients always look for photos that will sell their product or service. But once you make it in this industry, it will be a good source for your income.

     

    Other categories where you can earn as a photographer

    • Fine art photography
    • Work for a magazine
    • Teaching the photographic techniques to amateurs
    • Eve sell photography related equipments!

    Whatever way you earn through photography, make sure you don’t do it for free. The worst thing to do is giving your talent for free. So, even if you set your fee as less, make sure you set a fee.

    Enjoy earning as photographer!

     

    Photo Credits: netnz.org

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  • How to Earn Money from Ghost Writing

    A Ghost Writer – The ONE, who is talented, writes for others (as that “other”) but never has a name under his writing. Although you never get to see your name printed in Black and White you do get lump some money for your work.

    It’s a profession that is well suited for a person who enjoys writing and wants a flexible job.

    Why?

    Business firms have now started to use blogs as a platform to attract more and more business. So, there is always someone who can take credit of your work but pay you in return to it.

    If you are ready to spend a couple of hours per day in ghost writing, you could very well end up earning decent money.

    If you are ready to trade your credit for money, then Ghost writing is the best choice.

    How It Works?

    Ghost writers are no longer secrets in the publishing industry. If a publisher has bought a right for a book, he will immediately search for a writer to write the book. The publishing company has ghost writers at different levels

    1. At the lowest level, usually found in freelancing sites
    2. At the next level, one who signs an agreement
    3. Excellent/Elite ghostwriters, who can even receive loyalties

    Tips For Earning In Ghost Writing

    • Identify the area of your expertise. It could be an area where you are more knowledgeable or can make easy research.
    • Highlight your skills.
    • Advertise your skills though other websites or create your own website and advertise through it.
    • Make a list of potential clients and contact them about your service. Also, provide them with samples of your ghost writing.

    Note: Research on a few ideas, finish some articles based on these ideas and have a database of sample articles. This database can be supplied to the clients while contacting them. Keeping the samples ready is very important as it will give an idea about your writing and research skills.

    • Experience is the key to ghost writing. Plenty of freelancing experience will be an added advantage.
      • Experience might be in the form of books being published in your name, or,
      • Experience writing websites, or,
      • Experience as freelance writer.

    There are also many quick ways to start earning as a ghost writer:

    • Online forums where website owners look for help with content creation.
    • Participate in online communities and provide link to your website or even include captions offering help for writing.
    • Bid for jobs in websites that requires ghostwriting people.
    • Get feedback for your work. This is very important because feedbacks help you find better, future work.
    • Write articles on public forums. While writing, do not forget to include information about the services you provide.

    The Ghost writing is a very lucrative profession. If you are genuinely interested, have a interest towards writing and researching a topic and also have the ability to sell your skills, you can really earn in thousands!

    Photo Credits: fgfinder.com

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  • Basics of Passive Income

    The classroom definition of passive income is regular income generated with little or no effort. Although this can be widely accepted, one cannot step aside from passive income generating sources and say ‘it will come anyway’ while you are day dreaming. The truth is in fact just the opposite. If one is idle about passive income generating sources, there is a possibility that it will dwindle someday into nothing. Therefore in order to ensure that passive income generating sources continue to give you inflow of money you need to follow the following basic rules.

    1. Identify the nature of the stream of income that comes from the passive income. This nature can be classified as ‘daily effort’, ‘monthly effort’ and ‘yearly effort’. An example for each of these is as follows.
    • Daily Effort – Say you are a content writer, then you need to give in your write up every day or as agreed to ensure steady income from this source.
    • Weekly Effort – If you’ve agreed to maintain someone’s garden for instance, then you need to visit and tend to the garden on a weekly or bi weekly basis.
    • Yearly Effort – Rental income needs yearly maintenance to be done and this falls under yearly effort.

    Hence passive income is not all that passive considering the literal sense. It needs your attention at various levels. In almost all cases it is not hard work that is required to ensure the continuity of the income, but having said that quality work is required.

    1. Know Your Competitors – Since this is an income that you receive with little effort, it is best to know your competitors because they may be putting in more effort than you and providing to more customers. Hence it is best to educate yourself on what is happening in your competitors world, how to overcome it and so on.
    2. Who Are Your Customers – Just because it is passive income one cannot sit back and relax and say, I have a customer and that will do. One needs to now the customer and understand his/her requirements. It is important to have a cordial relationship with your customers if not being the best of friends.
    3. Make Rules And Stick To Them – Since you are the boss of your business it is important not to stray around. Make your own rules and stick to them. Yes, they can be bent at times but you are the best judge about the level of flexibility. When people start understanding that you have great sincerity even about your small business, it appeals to them and it can take you to places.
    4. Create Value – This is the most important principle. Quality is the only way by which one can create value to what is being offered and this is the most important aspect to retain customers. Just throw shoddy out of your window and welcome completeness with open arms.

    Knowing is something and putting it into action is another. Now that you know what to do and what not to do regarding your passive earnings, it is time to take corrective measures if you’ve been doing something differently or incorrectly.

     

    Photo Credits: createmyindependence.com

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  • Blogging as a Revenue Generator

    Many people start blogs with the goal of making money in mind. If you know the best ways to make money with a blog, it will be a lot easier to generate revenue. Making money with a blog does require hard work, but it is much easier when you know the most effective methods of revenue generation.

    Affiliate Programs

    • An affiliate program is a business arrangement where an online merchant pays a website owner a commission each time the website owner makes a sale or provides a sales lead.
    • Website owners place affiliate ads on their sites and, when readers click on those ads, a tracking cookie tells the merchant where the lead came from.
    • Affiliate programs typically pay a flat fee per lead or a certain percentage of each sale.
    • Commissions range from as low as one percent of the sale price to as much as 50 percent of the sale price.
    • If you have a high-traffic blog, affiliate programs can be a great way to generate revenue.

    Advertising

    • There are several ways to generate revenue from blog advertising. One is to use pay-per-click (PPC) programs , which pay you every time someone clicks on one of the ads displayed on your blog.
    • The amount you get paid per click depends on how much advertisers are willing to pay. Some clicks generate only 5 or 10 cents each, but other clicks can generate several dollars each.
    • If you have a blog with several dozen posts, you have plenty of opportunities to display these ads on your site.

    Sponsored Posts

    • When you get paid to talk about a company’s product or service in a blog post, this is known as a sponsored post.
    • This is a controversial tactic, so use caution if you want to make money with sponsored posts.
    • Always let readers know that a post is sponsored.
    • If possible, address the negative aspects of a product or service to provide a fair and balanced review.

    Product Sales

    • If you run a product-based business, your blog is the perfect platform for selling more of your items.
    • Provide useful, relevant information to your readers in every post.
    • At the conclusion of each post, explain the benefits of using one of your products.
    • Link to the product or offer a special discount for a limited time. This can help you sell more products and generate more revenue.

    Donations

    • Providing people with free information costs a lot of time and effort. Even if you don’t want to sell advertising or join an affiliate program, there is a way to make some money with your posts.
    • Some bloggers add a donation button to their blogs and ask that readers make a donation if they find a post particularly helpful.
    • Some people will use the information without donating, but other people will appreciate the effort and contribute to the upkeep of the blog.

    Information Products

    • An information product is exactly what it sounds like: a product that contains useful information.
    • E-books and reports are examples of information products.
    • Writing information products and using your blog to sell them. This is a good way to generate income with your blog.

    Conclusion

    The above ideas are just some of the ways to earn money with a blog. All of them require consistent blogging and a commitment to quality. While most blogs will not make money overnight, hard work and perseverance will pay off in the form of passive income.

    Photo Credit: theunburdenedexecutive.com

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  • Credit Card Cash Back/ Reward Points

    Have you ever thought how it would be if every time you shop you add benefits which may come back to you like a reward? This can be made true by using ones credit card to shop. As the quantum of shopping increases, your rewards increases and rewards are provided for the same. This is one way to earn passive income on the lines of ‘spend more and get more’. Let us analyze the ways in which one can earn through credit card rewards and cash back.

    The Thumb Rule

    One must be aware that there are different types of credit cards available namely silver, gold, platinum and signature. These variants differ based on the banks. In most cases for every purchase, the points will be distributed over fifties or hundreds of the entire denomination. For instance you spend $250 and if the distribution is in fifties then you earn 5 points. An accumulation is done over a period of time and based on how many such points you have earned, you can reap benefits accordingly.

    How One Must Use It?

    When you receive your credit card, make sure to read all the documents that come with it. There will be a booklet that gives explicit information on how you can double your points or in simple words it can explain how to seek maximum advantage. Most cards give you special advantages if you fill up gas at a particular gas station or if you book your cinema tickets through a particular website or purchase your groceries from a particular store or to book your flight through a particular website. Ensure not to deviate from these particular service providers. This will help you achieve maximum utilization viz maximum reward points over a given period of time.

    Again the reward point systems work differently for different type of cards that you hold. In all cards the basis of calculation remains the same. The difference will be in the number of reward points at each level. Say for silver card holders every spending worth hundred bucks may earn 1 reward point, for gold it could be two reward points and as the type of card held goes up, so do the points earned.

    Another pleasant information is that if a person gets to spend on special occasions, then the points may increase based on the offer at that point in time. Therefore it is always important to keep oneself abreast of what happens in the credit card usage segment.

    How to Redeem Reward Points?

    One can redeem the points they have earned through online or by calling the respective bank’s customer care. The best way to get this done is through online where one can see the various options that are available to redeem their points. By redemption what is meant here is that one can purchase a product or an offer for free by giving up all or part of the reward points. By doing this one gets back to the zero level where the process starts from the beginning.

    Earning through credit card rewards and cash back is the simplest and easiest way to earn passive income. Shop more and earn more.

    Photo Credit:thumbs.dreamstime.com

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