Personal Development

Make Over $100,000 monthly in passive income: ‘2 businesses you can start today for $0’

Here are two business you can start today for $0 !!

1. Affiliate Marketing
Cost to start: $0

Affiliate marketing is when you earn commission for promoting a brand’s products or services by sharing it on your blog, social media platform or website. You get paid each time someone clicks on the link or makes a purchase.

Since creating content is free, this type of business is very accessible. The real challenge is creating targeted content that reaches the right audience.

Let’s say you start a lifestyle blog. You can use the Google Trends tool to gather data on what people are searching for in that category. You might find, for example, that there has been a spike in people Googling “best hair brands.”

In that case, you could consider writing a blog or creating a YouTube video in which you test and review different hair products.

To find affiliate deals, I use management platforms like Impact RadiusPartnerstack and Share-A-Sale. There are three things I look for in a partnership:

  1. It’s with a reputable company that offers quality products or services. You want to promote products you’re proud of and minimize the likelihood of customers returning them.
  2. The products have high conversion rates. This means many people who view the product end up buying it.
  3. The deal offers a “cookie window” of 30 days or longer. Cookies track how a user came to click on a product link. The cookies stay embedded in a user’s browser for a specific duration. If a customer who first clicked on a product through you buys it within the cookie window, it is attributed and paid out to you.

2. YouTube Adsense
Cost to start: $0

More than half of Adsense revenue is paid out to the creator, and many of my older videos are still generating passive income.

But you must grow an audience before you can register; your channel needs at least 1,000 subscribers and 4,000 hours of watch time in the last year.

I started my channel because I had a passion for personal finance. When you have an innate passion, you’ll be so invested in your niche that you’ll understand how to create quality content.

You’ll also know what consumers are looking for because you’ve already read or watched everything on your favorite topic. That’s gold, especially when you strengthen your market research with tools like Google Trends.

My final tip is to upload videos consistently. I currently post three to four times per week. But when I first started growing my channel, I posted almost every day.

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