![]() Then, when a site visitor clicks that link, browses Amazon, and purchases ANY product, the affiliate will earn a small commission on the sale.Īffiliate marketing requires a bit of initial leg work to get a website set up and drive traffic. With Amazon Associates, website owners can place links on their sites, linking to virtually any product sold on Amazon. The most notorious example of an affiliate program is Amazon Associates. In other words, you can use your business cards, logos, and website to promote other people’s products, and you’ll earn money when consumers buy from them! Rather than owning your product inventories, affiliate marketing allows you to promote other people’s products or services and then earn passive returns any time that you refer a successful sale. ![]() On the other hand, investing in mutual funds or bonds is less risky, but they don’t offer high returns. ![]() That said, investing in stocks can be risky, especially during unstable market conditions, such as those generated by the ongoing COVID-19 pandemic. And the best part about wise investment is that there are dozens of different investment products you can look into, all offering varying degrees of risk and reward.įor instance, many people invest in stocks, which usually offer a relatively high return on your investment, so long as you invest in viable companies. Wisely investing your money is often one of the best ways to generate passive income without quitting your regular 9 to 5 day job. That’s why we’ve decided to put together the following quick guide on building a passive income without quitting your job! Start Investing I know I have! Unfortunately, dreaming is as far as most people get. Who hasn’t dreamed of generating a passive income to supplement their lifestyle without having to quit their day job and up-end their entire life?
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