6 easy best ways to make passive income in 2024 through affiliate marketing and other opportunities

14 Jan 6 easy best ways to make passive income in 2024 through affiliate marketing and other opportunities

“Building passive income is like planting seeds today to enjoy the shade tomorrow. It’s the art of turning time into an ally on your journey to financial freedom.” – Warren Buffett

For many of us, this past 2023 year may have been one of financial struggle rather than financial freedom. Some of us are returning back to a normal work routine especially after the recent pandemic that affected most people in 2020 and 2021. But instead of returning back to the grind, why not explore alternative ways to make money easier? Are you tired of just barely making it? Do you want to make working a lot easier for yourself by making fundamental shifts not only in your bank account but also in your career trajectory? With this blog,

We’ll be covering some essential ways to make money beyond traditional active 9 to 5 work opportunities which will allow you to think outside the box to build money tree systems for yourself. Each opportunity we cover has each of their own drawbacks and advantages and disadvantages so we will try to summarize them and give our personal thoughts on what we like best.

Our company is Showspaces and we have created this blog article for you which goes over 6 easy best ways to make passive income in 2024 through some interesting affiliate marketing opportunities we will be sharing.
We’re here to provide you with some practical tips, strategies, and resources to help you make money easier and also create a new mind set for the future wealth building through various opportunities.

Passive vs. Active Income
In order to better understand how to make money easier, we first have to explore two types of income and that is passive versus active income.

What is Passive Income?

Investopedia defines Passive income as revenue that takes negligible effort to acquire. It includes earnings from rental properties, limited partnerships, and other projects where you’re not involved in the continued generation of earnings. While these moneymaking ventures may have initially required your resources, time, or efforts, they generally eventually pay out automatically without you breaking a sweat.”

What is Active Income?

Investopedia defines Active income refers to income received for performing a service. Wages, tips, salaries, commissions, and income from businesses in which there is material participation are examples of active income.  These are essentially any type of work that requires you to put significant active time on a regular basis to continue generating income.

What is Affiliate Marketing?
Investopedia defines Affiliate Marketing as “an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services. The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.”

In this blog, Showspaces has prepared and generated affiliate link resources with other affiliate partner companies which you can sign up for to potentially start making affiliate passive incomes through different methods.  As a disclaimer, Showspaces may receive a percent commission for each referral code or sign up used successfully through a referral link used towards the respective referral company partner’s bonus that we promote.  Using Showspaces referral links or codes will help support our efforts in creating future creative content similar to this article along with other creative media such as videos and special promotions.

For some of these affiliate offers, earnings are awarded both to the affiliate who signs up with the link and may also award Showspaces’ team member with a reward earning upon completion of the affiliate company partner’s promotional offer.  Each offer will vary based on the specific terms of each company so check out each offer for specific details on how affiliate pay is awarded.

With this said, we will go over 6 easy ways to make passive that uses affiliate marketing and other strategies that can help you make money while you sleep.  If you are eligible for any of these opportunities, all you need to do is check out the link, sign up on their website, and the partner company you sign up will then send you more information on how to make money through their special opportunity or offer.

Before we begin going over passive income let’s go over the opposite type of income.

Make Money The traditional way through “Active Income”
This includes getting extra side hustles contracted work, or part-time or full-time jobs

Pros: 
-Making money the traditional active way often can be fast and easier to do.  The more effort you put in, the more you should get money in return.
-There can be plenty of active income jobs especially when the economy is thriving or when demand for workers exceed the number of works available.
-Active income jobs includes the gig economy contracted work which lately have become easier to apply to than regular W2 part time or full time jobs.

-If you can get a regular part-time or full time job, you may be entitled to benefits like healthcare, dental, vision, 401K, etc.

-While many W2 traditional jobs take a portion of your funds out of your paycheck for taxes or social security, this helps as opposed to if you were getting paid as an independent contractor which leaves you having to set aside significant amounts of taxes the following tax period.

Cons:
-Income potential is limited as time is limited to 24 hours a day, 7 days a week and you can only work part of that time as you need to also sleep and rest and tend to personal life matters).
-Sometime applying to regular full time or part-time work can be a lengthy application and interview process
-If you are a self-employed contractor you may have to cover your own healthcare costs.
-If you are self employed and accept independent contractor work, you will need to set a significant amount of your pay to taxes in the next tax period.

Rideshare & Delivery Affiliate Resource Sign Up Link:

Rideshare and Delivery Bonus Promo Codes for New Drivers Page
While rideshare is still for the most part a more active income option, you can make an extra bonus if you initially sign up with a bonus offer code.  We’ve compiled this list of various rideshare and delivery bonuses above if your are looking for work and need something fast and easy to do and want to be paid an extra bonus for completing a certain number of rides or delivery orders..

Pros:  

-Sign up is very simple and easy and most of it can be done online except for the vehicle checklist which must be done by an approved repair shop
-You can make a lot of money delivering people for rideshare
-Alternatively, you can deliver food instead of people which generally doesn’t pay as much but you avoid having to deal with picking up any unruly or drunk passengers or even say the huge group of passengers that want to fit extra people beyond the car’s capacity.
-You may be able to rent or lease cars temporarily to do rideshare.  Lyft should still have a partnership with Hertz to rent vehicles through their Lyft partnership that allows you to rent for a couple weeks or months with the option of renewing the rental agreement.
-You can make more money with rideshare by renting larger sized SUV’s, or vans or premium black car vehicles for Uber or Lyft to possibly make higher rideshare rates.  Drivers in the past for instance have been able to make $20 in a trip just from picking up people with luggage or cargo by the airport.  Check their programs for more info and availability for rates.
-If you have a larger vehicle, sometimes you can pick up larger delivery orders such as through Shipt from places like Best Buy which sometimes have multiple drop off location orders.

Cons:
-You will need a reliable car.  For doing rideshare to drive people, Uber and Lyft generally require you to have a car that passes their basic safety standards check lists.  The cars they approve have to be under a certain age, perhaps no longer than 10 years max, but see their terms to see which cars qualify. If you are only doing food delivery, generally any cars no matter the age works.

-As mentioned earlier, rideshare delivery may mean dealing with unruly or drunk passengers so doing food delivery isn’t as bad as an alternative, however some pick ups can have a long food preparation wait.  Certain customers may also have less than ideal drop off locations especially for larger apartment complexes with maze-like floorplans.

General Job Search Sites:

While these types of jobs aren’t necessarily passive income, Here are a couple job search sites where you can find “active” income jobs:
Indeed.com
Idealist.com

https://www.flexjobs.com/lp/remote-jobs1

Let’s Talk about Money Trees

So the above example is for Active Income Opportunities. Now, we’re going to go over examples of passive income opportunies. We’ll be using a term called a “Money Tree” to describe a passive income system opportunity that you can nurture and grow. This is a term coined by MJ Demarco in his book, The Millionaire Fastlane. He describes how you can create a money tree passive income system that will allow you to divorce your your time from your wealth platform which will allow you to make money while you sleep. While a money tree system may require initial labor and time to build, once your money tree system is built, DeMarco says this system can then run on autopilot which may just require minimal supervision and “watering” through either feeding it with resources like ad spend or other marketing resources to promote your system to help it blossom .

Examples of money trees include authoring a book or affiliate marketing websites. Books requires initial labor and creativity to write the book and publish it. But once it is created, you can promote it online with various source to “water it” like with paid ads or Search Engine Optimization techniques to help it rank on Google to be found by customers. Or you can produce social media videos or do Public Relations (PR) to promote it.

We will be covering affiliate marketing through website building where we will cover a couple examples that build out some of the affiliate links for your such as with product affiliate marketing. This is another example of a money tree.
You don’t have to be a product designer or a web designer because the affiliate partners and affiliate platforms you may choose to partner with will likely already have handled those aspects for your opportunity.

All you have to do is sign up for their affiliate partnership opportunity and they will provide custom affiliate links you can use to start promoting their affiliate product or opportunity. Whenever anyone signs up with your link, you get paid an affiliate percentage (sometimes up to 50% commissions).

If you want to learn more about money trees,you can listen to The Millionaire Fastlane for free by signing up with Audible to get a free creditwhich will allow you to listen to it as a digital audiobook for free. You can cancel before the month free trial ends before you get charged and still keep the digital audiobook in your library whether or not you continue your subscription. Or you can purchase a hardcopy of The Millionaire Fastlane as well. It’s a great book so definitely recommend it for anyone who wants to level up on their entrepreneur game!

So now that you have a better understanding of what a money tree is. Let’s talk about Passive income opportunities to help you make money.

 

1.   Do Product Affiliate Marketing

You don’t need your own store or create your own products to make money with e-commerce.  With product affiliate marketing, there is a demand from creators of various physical & digital products along with services that you can sign up to promote for these creators which you can then receive earnings based on the volume and cost of the products & services you sell.

Product affiliate sites like Clickbank and JVZoo allows you to browse and choose affiliate products that other vendors have created and earn a percent or fixed affiliate commission for each product sale.  Even Amazon has their own affiliate product program where you can sign up to promote amazon products.

In order to promoting affiliate products the process generally can be  quite simple.  Find a product company site and browse their marketplace of products.  You can generally sign up for a free account where you can either sign up as an affilliate to sell other people’s products which should contain all the product information, and the affiliate commissions arrangement the vendor is willing to give for each sale.

Once you choose products in the marketplace you want to sell and promote, the vendor will send over the affiliate links you need to share with friends, family or acqaintances or to use in your business marketing to promote the products to others.  You can use the custom affiliate links specific to your marketplace account to share the link on any websites or social media you create for promoting products.

Or if you are a creator with a finished product with all your marketing material ready, you can sign up as a vendor to sell products on a variety of product affiliate marketplace platforms.

Here are Affiliate Product Marketplace websites you can check out:
Clickbank.com
JVZoo.com
If you are interested in more information for Amazon, here is an article about their affiliate program:
Amazon Affiliate program Info Hubspot article

Or check out the amazon affiliate program page directly:

https://affiliate-program.amazon.com/

Here are some Affiliate Product Resource Examples you can sign up directly below that Showspaces compiled:

WriteAppReviews App Review Affiliate Product Page Through ClickBank

We have created this Clickbank Affiliate product landing page for WriteAppReviews which says it is an affiliate product that allows you to make money just by writing reviews.  If you’re interested in signing up and purchasing this product, The app creator gets a percentage of the revenue.  Showspaces also gets a percent revenue share for creating the landing page to promote the affiliate product with our affiliate link.  This is how affiliate marketing works!

Here is another for an AI Agents affiliate product through JVZoo:

AIAgents Affiliate Product Page Through JVZOO

 

Pros to Product Affiliate marketing: 
-Easy to sign up for free.
You can also just focus on selling the product as someone has already created the product and marketing.  You just need to promote the product however you like.
-When Promoting Affiliate Products, it isn’t required for your to buy the product as you are just promoting it as an affiliate partner.  You can just use the marketing material a creator company provides.  However it is always a plus if you are able to try or buy the product to give a more transparent and knowledgeable point of view and actual experience to promote that product.

Cons: 
Products are only as good as the what the makers are able to make which also includes their marketing material.  If the product and/or the marketing created for the product is poor, it may be harder to sell.
-While Clickbank’s products generally allow you to sign up for any product right away, JVZoo gives vendors the option to pre-qualify affiliate partners they want to work with so that means you may need to get a vendor’s permission to promote their products beforehand.  Some require previous experience.

2.  Passive Income through New Driver & Delivery Affiliate Sign Up Promo Codes or Invitation Links

This is related to The Delivery and Rideshare Bonus Sign Up Page.  Once you sign up for companies like Uber, Doordash, or Shipt.  You should be eligible to get your own customized driver promotional codes to sign up new drivers or delivery people you refer.  While you can make active income by becoming a driver and maybe even make a bonus by using someone else’s code, you can also turn this into a passive opportunity.

By sharing referral codes for rideshare and delivery gig companies, you can promote your codes with friends or family or possibly even total strangers

Example Companies:  Uber, Lyft, Doordash, Shipt. Instacart

Resource Page with Referral Codes:

Rideshare and Delivery Bonus Promo Codes for New Drivers Page

Pros:
-By focusing on promoting custom promo codes you are given, you can potentially earn easier money that doesn’t require as much physical labor like driving or food delivery.  You can do anything from word of mouth promotions with friends or family.  Or you can possibly learn marketing strategies like Search Engine Optimization to rank your websites or pages with your promo codes high on Google search.

Cons:  

-Make sure to not promote through paid ads like the Google or Facebook ads.  Companies like Uber and Lyft are already doing their own paid ads promotions like through Google ads so they may have fineprint stating paid ads are not allowed as drivers promoting their affiliate links this way will be competing with their own company ad campaigns.
-SEO takes at least a couple months to learn and rank websites on.
-Unless you know social media or have a big following, promoting referral codes may be tough when you are just starting out.

3.  Make Money Doing Business Referrals for Covid Pandemic Tax Credit Refunds:  Make affiliate commissions referring business owners and Self Employed 1099 Workers that were affected by Covid. Business Owners can get up to up to around $26,000 per W2 Employee. Self Employed 1099 Workers may qualify for up to $32,000 in Covid Sick Leave tax credit refund checks for themselves and their families. Affiliates can make anywhere from 5% to 20% of the processing fee that our partner affiliate company, Relief Consultants charges to process any applications that book a call and qualify through your affiliate link:
Become an covid tax credit refund check referral affiliate partner here

We’ve partnered an affiliate company with Relief Consultants to help qualified business owners business owners who were affected by the Covid Pandemic apply for federal grant money. As an affiliate you can sign up and make anywhere from 5% to 20% commissions based on how many W2 employees a qualified business may have had in the 2020 and 2021 year tax filings they were running their business

4.  Covid Pandemic Business Owner Tax Credit Relief Check:  If you are a business owner and your business was affected by the corona virus pandemic then this opportunity applies to you:  Apply for this Covid small business credit refund check.  If you are NOT a business owner, you can still make money doing referrals as a grant referral agent. (See #3).

5.  Covid Sick Leave Tax Refund Check For Self Employed Workers:  If you are a business owner and your business was affected by the corona virus pandemic then this opportunity applies to you:  Apply for this Covid small business tax credit refund here.  If you are NOT a business owner, you can still make money doing referrals as a grant referral agent. (See #3).

6. Learn how to do Search Engine Optimization

Learn Search Engine Optimization Course by Josh Cline Affiliate Link

Learn Google Ads Course By Josh Cline Affiliate Link

Extra Resources to Assist You In Making Passive income
Note:  For either of Josh Cline’s courses, you will need a High Level Software or a High Level white label software like Leadific or similar softwares to install and update Josh Cline’s Templates.  High Level is an All-in-One Business Software Platform for Marketing, Website Creation, and Email & Phone Sales CRM & Automation Creation.

You Can download a 14 trial of Go High Level through our affiliate link here
After the 14 Day Free Trial, High Level CRM software starts at $97/month for a single business account with options for multiple businesses beyond the first business account.

Note:  You will also need to purchase a website domain name.  Squarespace has domains starting around $12-$20 a year.  Squarespace should include SSL secure certificate installation as part of their purchase.  While you can also purchase domains like Godaddy, they may not necessarily includes SSL certificate installation as part of the domain purchase so you may need to install this manually or have customer support install it for you as a paid premium option

Other web design options. 
If you only are planning on doing web design/development and don’t plan to use a Sales CRM (Customer Relations Management) software, you also have the option to use other cheaper web builders such as Godaddy, Wix, or even Squarespace.  Take note that High Level or High Level white label are all-in-one software platforms that also offer marketing and sales tools like phone and email automations so you get a lot more features for an overall lower cost without having to buy multiple softwares for different purposes at a higher cost.  So pick and choose which options are right for you and the level of your abilities.

If You want to learn more about SEO, you can check out resources and purchase courses with one of our friends, Saravanan Ganesh.  He is an Search Engine Optimization specialist especially when it comes to local SEO through topics like Rank and Rent and many SEO related topics.

Check out some of his paid courses here:
Saravanan’s & Rent Course
Saravanan’s SEO Mastermind

There are many SEO specialists but Saravanan  Ganesh and Josh Cline are two people we know personally who has helped many students learn and make money from SEO.  Saravanan also holds weekly zoom sessions for those who purchase his course and once again, Josh offers web templates which you can build your own websites & landing pages to learn Search Engine Optimization.

SEO is a field of study that can eventually generate passive income over time as you can generate leads for various business industries by ranking websites by keywords and generating traffic from people seeking services for that niche.  You generate leads by creating lead forms, surveys, and call forwarding from websites you create which you can forward these leads directly to professional survice providers in their respective industries who are willing to pay monthly payments to you for generating leads from your highly ranked google webpages.

Conclusion

There are a variety of ways to change the way you make money in 2024 beyond regulard Active income jobs.  This article gives just a couple options to start with and some resources to help you in becoming a specialist in certain fields.  Passive income can also encompass over options we haven’t discussed like through social media posting and creating youtube video.  You can use online search sites like Google, Youtube, and even social media sites like Tiktok & Facebook and even chatgpt to research other ways to find new ways to make passive income.  So we hope this article has been helpful in getting you started in your passive income journey.  Feel free to subscribe to our mailing list if you haven’t already and joint our Youtube channel as well for more tips.