When it comes to my mind the term passive income, one of the first things that comes to my mind is Affiliate Marketing. It is pure genius and absolutely passive, and that means as you may or may not know, that you create something now that can sell over and over again until the end of your (grand grand children’s) life.
One of the best ways to achieve success, as in anything in life if I may say so, is to be specialist in something, to focus, and in our business it has the term “niche”. Niche sites can be disguised of many forms but the most proliferated, accessible and acceptable to people searching for some specific type of content are niche sites (many of them are merely micro-sites), forums or blogs.
The idea is simple, you create content about something and try to sell related products through that channel using ads and links to some specific sites where you previously created an affiliate account. There are many providers to help you out on this gold search, big names like Google AdSense, Amazon Affiliates among others are all wanting your help to sell they’re products, and the deal is fairly simple, you use a link or an ad unit for they’re products or services and each time someone clicks that link and buys anything on they’re site, you get a percentage.
After everything is set, you just lay back and watch the money rolling in into your account. Off course if you want to have success (meaning traffic) in your brand new affiliate-marketing-money-web, you will have to spend some time every week for maintenance purposes. My advice to you is don’t take people for granted, the web surfers of today knows exactly what they want and they want above all quality. Go on, create something new and exciting, I dare you!