As more and more people looking to invest their money to protect it from inflation and an unstable stock market, they often look to real estate. Since ancient times, real estate has been a good way to protect assets and also make a tidy profit in the process.
These days, there are a lot of ways to invest from cryptocurrency and gold to peer to peer lending. One often-overlooked way to make a good return on investment is to buy an affiliate marketing site.
Since websites can be worked on in your spare time, it is a great way to earn money without much effort. If you are wondering how to make money in college then this is an excellent solution.
In this article, I will go over all the reasons this makes so much sense for investors.
What is affiliate marketing?
Have you ever wondered how bloggers are able to make so much money? Sure, you know that they put ads on their sites, but this is just a small fraction of their income. The real money comes from making commissions through purchases made when a reader clicks a link on their site.
That link to a product contains the bloggers unique tracking ID. If a purchase is made during the cookie duration for that particular network then the blogger gets a cut of the purchase price. It is literally how you make money while you sleep.
There are a number of programs out there with Amazon being the most popular. With Amazon the cookies only last 24 hours so you need the person who clicked to make their purchase soon. The benefit to Amazon is that you’ll get a commission on every purchase they make during that period that includes items that have nothing to do with the link.
There are other programs that give you up to 25% and have cookies that last up to 30 days so there are a number of ways to make money with this method.
What to look for?
There is nothing stopping you from starting your own site and building it without spending any money at all. This is a long way to go however as it can take a couple of years to really build up the traffic to a degree that you can make a full time income.
You should look into a website auction site where you can buy preexisting sites that are already making money. Find one that suits your budget and has the potential to make more than it currently does.
You can often find sites made by amateurs that are not optimized well to make money so a few tweaks can often pay fast returns.
There is always the chance that Google changes their algorithm and you lose a ton of traffic overnight. Or that your primary affiliate partner changes the commission structure or cookie and you end up making less money.
These things happen but the method doesn’t change. Find ways to bring in traffic and find the right network and you will continue to make money.
*This article has been contributed on behalf of Paxful. However, the information provided herein is not and is not intended to be, investment, financial, or other advice.