The dream for many people is to generate a passive income - basically earn money every day without doing anything. Obviously there is a set up period in which you need to establish your cash generating idea, but once all the hard work is done, you can just sit back and watch the money roll in. But this doesn't have to be just a dream, many people earn a living this way, but just how do they do it?
The answer is affiliate marketing. The best way to describe affiliate marketing is making money by way of referrals to other organisations. The most popular example of this business model is the Amazon Affiliates scheme. For example, you set up a review site, reporting on the latest tech products, each with a link to purchase the item. This link takes the user through to Amazon's site, and you unique referral code means you earn a percentage. The problem with this affiliate programme is that it's been done to death, you'll be hard pushed to find a niche that hasn't been exposed.
Another market to explore is the online gambling industry. Almost all online bookmakers and casinos offer a cash incentive for referrals, many of which offer the biggest fee's you can find. But it's no easy task. The first thing you need to do is build your own website. It could be a review site of the different casinos, it could be a betting tips site for horse racing, whichever angle you decide to take, the functionality of the website is the key to it's effectiveness.
Our in-house web design and development team based in our Manchester office have created a huge range of affiliate marketing sites, all of which the owners enjoy a passive income. If you would like some more information on how our team can help you build your business, contact us today here, we'd be delighted to hear from you.