Utilize Affiliate Marketing
Affiliate marketing is one of the easiest ways to start making money online. The basic idea is, you place your personal link of a product on your website, and when people click that link and purchase, you will get a commission.
There are many places where you can search for products and services you can sell as an affiliate. One of the biggest companies you can work for is Amazon. They have millions of products you can list and get commission from.
Affiliate marketing is pervasive on the Internet. It means you can easily find a company that is willing to pay you as an affiliate. All you have to do is search on Google using appropriate keywords like “niche + affiliate”
Publish AdSense and Other Ad Displays
Another way to earn passive income is to display AdSense and other ads throughout your website. You can earn money by ad impressions or by clicks.
The more visitors you have the more money you could generate from your website.
You can sign up for Google AdSense here. Here is a list of Google AdSense competitors if you’d like to have more options:
Sell Your Own Product or Service
One of the most effective ways to earn passive income using your niche website is to sell your own product or service. Why you ask?
It has the highest profit potential – not only can you profit from the frontend (initial) sales, you can also profit from the backend sales (sell more of your product or service).
You have full control of everything from product creation to delivery to marketing to sales to customer service. This is the ultimate freedom that business owners enjoy.
You can sell physical products such as t-shirts, handmade jewelries, pet products, beauty products, and more. You can sell online products such as ebooks and online courses. And lastly, you can sell services such as content writing, expert consulting, and more.
Charge Monthly or Yearly Subscription
Subscription-based income is one of the better types of passive income because it is somewhat more secure, predictable, and dependable.
Aside from packaging your own product for a monthly or yearly subscription, you can also charge small businesses to get listed on your website.
An example of this would be a directory type of website where you list local businesses and place a link to their website. Why would small businesses pay for the listing?
If you optimize your website well, meaning it ranks high on search engines, small business owners will contact you just for the fact that they want to get a link from your site.
Backlinks are important for search engine rankings, especially a very related backlink from a niche website. There are many examples of websites that use this type of revenue.
Site examples that use subscription based monetization method:
Top Rated Local (Local Business Directory)
Peaceful Parent (Parenting)
Farm Fresh for Life (Homesteading)
Conjuror Community (Magic)
Do Lead Generation
If you decide to create a brand new or add a directory site to an existing one, you might not get business owners who want to pay right away. Remember, your SEO must be top-notch before people will attempt to contact you.
If you decide to start a lead generation website, you must strategically place a contact form to capture leads for businesses in your niche and advertise it using paid ads.
For example, if you create a niche website about backyard contractors, you can use Facebook or Google ads to generate leads and then you can sell the leads to pool builders, landscapers, outdoor lighting vendors, patio/deck builders, you get the idea.
Accept Sponsored Post
While you are working on your SEO to improve your domain authority score, you could make passive income by accepting guest post or sponsored post.
The idea is you might get an email from another website owner who want to be featured on your blog. Usually, they will send you an article for you to publish on your site.
The article will contain a backlink to their site. This is the value they want from you. If your website is attractive enough, they are willing to pay for publishing their article.
It is a win-win for both parties because you get paid and high-quality content. The other blogger gets a backlink they want.
Keep in mind to always work with high-quality websites and content. You do not want to associate your website with other spammy websites and content.
