5/20/2023 0 Comments Create passive incomeIn 2014 I created an online video course on Udemy about how to launch non-fiction Kindle books on Amazon. (That’s an example of an affiliate link I’ll receive compensation from M1 if you create an account.) 4. You can trade stocks for free, or select one of their pre-built portfolios. Over the last few years, I’ve slowly built this up to over $2000 a month.Ĭheck out a service like the modern brokerage M1 Finance to get started yourself. These “boring” old companies aren’t likely to have explosive share price growth, but they do spin off consistent passive cash flow. These include name-brand businesses like Target, Chevron, AT&T, and Proctor and Gamble. My basic strategy has been to buy shares in companies with long histories of paying-and increasing-dividends. (I’m the person who always thinks we’re due for a correction!) Investing for dividend cash flow has helped me get off the sidelines and into the market. Related: Free Self-Publishing Workshop 3. Thankfully, Amazon makes this incredibly easy with its KDP Print service and ACX, the Audiobook Creation Exchange. Outside of that range, it’s 35%.įor every Kindle book you write, it probably makes sense to add paperback and audiobook editions. When you price your book between $2.99 and $9.99, you’ll earn a 70% royalty. Over my lifetime as a professional self-published author, my books have earned over $75,000. Write the book once and collect royalties for months or even years whenever it sells! It’s one of my favorite side hustles and one of my most passive income streams. I received my first author royalties in 2012 and have added several more titles since then. It’s never been easier to create a book of your own and put it up for sale on Amazon. Still, over its lifespan, it’s generated over $40,000 in commissions. Here’s an (over-the-top) example of a post monetized with affiliate links. This site (and yes, this post too) includes lots of affiliate links to products, apps, services, and software I think will be helpful to my audience. Here’s a look at my daily affiliate commission trend back in the day:Įven today, affiliate marketing is a really important revenue stream for me. Once the site was built, I earned these commissions whether or not I was actively sitting at the computer. It helped people find the best price on their next pair of shoes, and earned commissions from Zappos and other retailers when people made a purchase. My first affiliate business was a comparison shopping site for footwear. Here's a killer playlist packed with actionable advice from the pros. Make money online by sharing relevant products and services with your audience. How affiliate marketing works is I earn a commission for referring leads and customers to other products and services. I got my start in affiliate marketing back in 2004, and it’s been a significant piece of my revenue pie ever since.
0 Comments
Leave a Reply. |