The strategy of generating passive income online involves leveraging affiliate marketing, utilizing print-on-demand services, and investing in stock photography. In affiliate marketing, you start by selecting a niche you are passionate about, join reputable affiliate programs, and create engaging content with natural affiliate links. For example, you could write blog posts on platforms like Medium that promote products to earn commissions.
Print-on-demand services like Redbubble or Printful allow you to create simple designs, apply them to products, and sell them online. A good strategy involves using Canva for designs and promoting them on social media to maximize sales. Finally, by investing in stock photography, you take and upload quality photos to platforms like Shutterstock. With consistent submissions and tagging, photographers can earn passive income as people purchase image licenses.
The strategies
⛳️ Strategy 1: Leverage affiliate marketing
- Research and select a niche you are interested in and familiar with
- Identify affiliate programs related to your niche with a good reputation and high commission rates
- Create simple and engaging content (such as blog posts or social media updates) related to your niche products
- Use platforms like Medium or WordPress for easy blog setup and management
- Share your content on social media platforms to reach a wider audience
- Incorporate affiliate links naturally into your content where relevant
- Engage with your audience to build a relationship and trust
- Utilise tools like Canva for attractive graphic creation
- Monitor your affiliate metrics to understand what generates the most income
- Adjust your strategy based on the performance metrics and user feedback
⛳️ Strategy 2: Utilise print-on-demand services
- Choose a niche or theme for your print-on-demand products
- Create simple designs using tools like Canva or hire designers on Fiverr if necessary
- Sign up with a print-on-demand service like Redbubble, Printful, or Teespring
- Upload your designs to the platform and select a variety of products to apply them to
- Write engaging product descriptions using simple copywriting techniques
- Promote your products on social media platforms
- Consider collaborations with influencers to reach a broader audience
- Utilise SEO keywords relevant to your niche for better visibility
- Set competitive prices while ensuring you earn a profit
- Regularly update designs and assess which products sell best to optimise offerings
⛳️ Strategy 3: Invest in stock photography
- Research the types of stock photos that are in demand within your interests
- Use a camera or smartphone with good quality and lighting for photography
- Create an account on stock photography platforms like Shutterstock, Adobe Stock, or Alamy
- Upload and tag your images appropriately with relevant keywords
- Ensure images meet the quality standards and are in compliance with platform guidelines
- Regularly submit new photos to increase your portfolio and potential earnings
- Share your portfolio through social media and online portfolios to increase visibility
- Explore taking photos of trending topics or events of public interest
- Consider multiple platforms for photo uploads to broaden your reach
- Analyze which themes or photo styles perform best and produce more of those
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
