Rethinking Your Approach to Your Career: Tips for Generating Passive Income
In today’s fast paced work culture, business savvy entrepreneurs are abandoning outdated ideas of a traditional career path.
The average adult 40 years ago sought out one stable 9-to-5 job with a pension. These days, pensions are replaced with the riskier 401k and surveys show that nearly 49% of adults make dramatic career changes as of October 2019.
We are seeing an increased interest in e-commerce as a method to build wealth. With less investment in a “traditional” lifestyle, the contemporary work force strives to enjoy their lives, make their own schedules and build wealth without leaving the comfort of their homes.
If you are interested in learning to think like a modern entrepreneur, check out these wealth-building tips.
Smartlinks: Taking E-Commerce to the Next Level
If you run a website, blog and/or online business you may have heard of smartlinks. For those who don’t know, when a blog attaches a regular hyperlink to a key phrase or word, the reader can click on it and access another specific site. This tool is particularly helpful for affiliate marketing. We’ll get into that in more detail later.
A smartlink adds another layer of tech savvy genius. When clicked, a smartlink provides access to numerous destinations catered to that specific user. The link personalizes the potential sites based on geographic location as well as the type of device and language used. When the user is redirected to a link they will actually find useful, you are more likely to make a sale.
If you are interested in affiliate marketing and want to monetize every bit of your website traffic, using smartlinks is a great place to start. For more info, read this ‘what are smartlinks’ guide.
Affiliate Marketing: The Next Generation of Passive Income
While browsing the internet, you may have come across articles promoting the “Top 10 Skincare Products of 2019” or “The Best Subscription Boxes for Beauty.” These articles will provide reviews of a list of products with links that will redirect the reader to the websites that represent those items.
When a site promotes another companies’ products or services, they are engaging in affiliate marketing. For every sale made through a customer clicking the link, the marketer earns a commission.
Affiliate marketing is low-risk way to begin earning passive income. You almost never lose anything from promoting a product and if your target audience purchases the item at a high volume, you will reap high rewards.
If you run a successful blog or popular website, we recommend learning more about affiliate marketing.
Affiliate Marketing for the Seller: Help Your Product Reach a Wider Audience
If you are a small business owner, you may want to consider selling your products or services through an affiliate program. While this technique is not technically a method of generating passive income, it does a great deal of the work for you in a similar manner.
Let’s say you enjoy custom making jewelry. You decide to take your craft to the next level and sell your work online. While this is an amazing first step, it may take some time for your website and social media to build a following. If you partner with an affiliate program that has a global network of buyers, you will quickly broaden your audience.
If you are considering joining an affiliate program, check our these four reputable sites:
- Amazon Associates
- Shopify Affiliate Program
- eBay Partners
- Etsy Affiliates
The modern era brims with potential for rethinking our outdated career trajectories. If you are doing the work to learn about e-commerce and passive income, you will remain ahead of the curve. Hopefully these tips will help you to build your career on your terms.