![]() Thankfully, there are several value-packed resources to help you get started. Since our goal is to generate residual income from affiliate marketing, you will now focus on creating a system or automating the process, so that whether you are there or not it will be making you money. Only promote products you trust – it’s even better if you have used it.You should have a system to draw in leads (buyers).You should know how to sell either online or offline.You don’t need to own any product or services.In a nutshell, affiliate marketing involves selling other people’s products and getting a pre-agreed commission for your troubles. What happens is, the get a cut when you purchase anything from the store. Usually, if you pay a little attention you will notice they don’t actually own the shops they take you to. Remember those guys that would stand on the street and ask you to come and buy from them? Ever been to the computer village before in Ikeja or visited Balogun market on the Island? Here’s an excellent example of affiliate marketing in play. The best part is, you can do affiliate marketing either online or offline. Affiliate MarketingĪffiliate marketing when done right is one way you can earn passive income for life. That said, if you’re ready to put in the initial work required to grow a residual source of income, here are proven passive income ideas to take advantage of today. Passive income-generating assets don’t just happen. Corporate Gift Ideas: 72 Unique Presents Your Clients Will Love.Is Siteground The Best Web Hosting For Small Businesses in 2023? The Brutally Honest Review.Learn Basic Accounting With These 19 Free Online Bookkeeping Courses.It is worth repeating that before you can start earning significant residual income from your assets, you would have put in a lot of work upfront. “If you don’t find a way to make money while you sleep, you will work until you die.” Warren Buffet Passive Income Ideas to Make Money in Nigeria 24/7, Even If You’re a Civil Servant. Note that before you can start earning passive income usually you would have invested a ton of time and resources to build the assets beforehand. Royalties from your book or other intellectual properties.Think of it like this, you have income-producing assets, say some real estate that pays you rents, some stocks that pay out dividends, or even a business that generates profits. Here’s where you want to be – making passive money from your assets. ![]() It is the revenue you earn without your active participation. You don’t have to work before you earn passive income. Passive income is the money you earn from assets. Your coaching or consulting rate What is Passive Income?.The income you earn from completing a client’s project. So, think of it like this, active income is any money you earn because you did something. It is the most popular way people make their money. ![]() The best part is, most of the passive income ideas listed here are suitable for individuals who don’t want the hassles and stress that comes with starting a business from the ground up.īut, before we dive into the list, let’s first look at the basics: What is Active Income?Īctive income is the money you earn as a result of your direct efforts. Thankfully, you will learn about easy-to-start business opportunities that would enable you to start earning passive income even if you’re a civil servant. However, the aim is not to agitate you but to give you the kick in the butt to do something about your income. Now, that’s a lot of questions, which would understandably make you depressed if you haven’t set your finances in order.
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