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AFFILIATE MARKETING

How to Create Multiple Streams of Income from Home

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There are so many ways to make extra cash, from affiliate marketing to renting out your parking space.

This book will equip you with effective strategies and tools to help you reach your full potential as a freelancer and achieve financial prosperity.

Opinions expressed by Entrepreneur contributors are their own.

There are lots of ways to make extra money from home. Most require a computer and access, and every now and then, you’ll have to find some extra space in your house to set up shop, so to speak. With people forced to stay home, making extra money while hunkered down has become a hot topic among YouTubers and , but is it really that easy to generate that extra income? You’ll be surprised at the simplicity of these ideas.

Let’s start with a simple concept — selling the stuff you no longer want.

Sort of like a yard sale

Internet auction giant is just one of many online auction sites providing a facility for people and businesses to sell whatever they want. There are some restrictions on what can be sold but they are unlikely to get in your way if you are selling items you don’t need or use.

For example, that coat you bought and have only worn once; somebody out there will love it and buy it from you. You might have old toys lying around that the kids no longer play with, or even valuable items that sit in a drawer and you don’t think about.

The process is simple. Sign up for an account and start selling. Take a picture, pick the category, describe your item, set a price. That’s it. It’s there for millions of potential buyers to see. The fees are a small percentage, and you could even start a selling certain types of items.

Related: Work From Home: 15 Options to Earn Extra Money

Take part in surveys

One method of making extra cash is to sign up for online survey sites. You will be asked to take part in surveys by brands who are researching their market. You’ll be paid a small fee — usually, it’s about $1 but sometimes more. The surveys typically only take a few minutes to complete.

It may not sound like a great money-making idea and it is not going to make you rich, but it is a good way of making a few extra dollars in your spare time. Some sites send you an item to test and review — and you keep the item rather than being paid.

Rent out your parking space

Do you live close to a town or city where commuters travel? Or perhaps near a railway station or airport? These are places where parking a car can be expensive, even for a day. If you do live in such a location and have off-street parking you don’t use, why not offer it for rent?

This is a perfectly legal and potentially lucrative way of using your driveway or parking space to make money. People will pay a sensible daily rate for a guaranteed space close to a city or town center. If taking a flight, they will pay good money to have their car somewhere safe and close to the airport. Same with rail travelers. Check out this idea as it could become a source of decent regular income.

Become a freelancer

Businesses outsource work more than ever before. Freelancers can be writers, designers, computer programmers, app developers and social media managers, among others. What skills do you have that may appeal to a business?

There is a demand for bookkeepers and virtual assistants. Some businesses even outsource their customer care, engaging freelancers to answer emails and perhaps telephone inquiries.

This is a fast-growing area of commerce and tons of websites advertise freelance jobs. It’s worth having a look if you have skills that may appeal to businesses. It could even become your full-time job with all the perks of working from home.

Related: What I’ve Learned After Paying More Than $1 Million to Freelancers

Become an affiliate

Do you have a blog or a website with a decent following? Do you have a popular Instagram account? If so, why not look at affiliating with brands that are relevant to your subject? It’s a simple concept. You use your blog and social media accounts to promote a brand, and whenever any of your readers click through via the link you post on your accounts, you get a commission payment.

Affiliate marketing is fast becoming the way forward for many in commerce and industry, so get in now if you already have a popular online medium, or start one to build and become an affiliate.

These are just a few of the ways you can start making money from home. Dig in and see how you can boost your income.

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AFFILIATE MARKETING

How To Start Affiliate Marketing with No Money in 2023

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How To Start Affiliate Marketing with No Money in 2023


Opinions expressed by Entrepreneur contributors are their own.

To start affiliate marketing without money, people often think you must become a blogger with a dedicated website — draining money and resources. Although it is helpful to have a blog when you can reinvest in your business and scale upward, it’s not essential. Affiliate marketing with no money means affiliate marketing with free traffic.

TikTok is a potential free traffic source that relatively few marketers, about 14%, currently utilize. Luckily, TikTok doesn’t appear to throttle the organic reach of content creators.

Tiktok doesn’t use follower count as a ranking signal, so you don’t need a million followers to make money as an affiliate. You just need to reach the right people. Here’s how to start affiliate marketing on TikTok.

Related: 3 Tips to Get Started with Affiliate Marketing

Choose a niche affiliate program

To succeed in affiliate marketing on TikTok, focus on what people spend their disposable income on and stick to it. Once you provide hacks around these areas, you can influence people to purchase them using your link.

An example of this is the Shein Haul. Some categories you could consider include clothing, makeup, electronic gadgets, food, lifestyle and fashion. As a Tiktoker, you can simply start by showing off some items you got on Shein. Add links to the items, as people want to order any clothing they like during your try-on.

Hack your TikTok channel growth with emerging trends

At the core of TikTok genetic makeup are “trends.” The app is built around trends. To grow your TikTok reach and start affiliate marketing with no money on the platform, you have to begin to understand trends. Creatively tap into TikTok trends by:

  • Using trending music and sounds; remember to use these sounds while they are still new, so your content gets the impressions while it’s still hot.
  • Joining challenges, dances and mashups. Always bring in something new and unique to challenges. If possible, make a better and improved version so others can draw inspiration from yours.
  • Take content clues from already viral videos and look out for patterns. What sounds, hashtags and captions did they use? What was captivating in the first few seconds, and how did people react in the comments?
  • Initiate trends with your content and make it irresistible; mash-up popular sounds and switch up a current challenge. When you create videos with exciting sounds that are easy to replicate, it’s bound to go viral, as FOMO would want others to replicate

When your content finally goes viral, capitalize on the content that goes viral to build momentum in pushing traffic to your affiliate offer. How can you do this? Engage with every comment on your profile, welcome new followers and ask them what they want to see. This will skyrocket engagement with the viral video and increase its reach. Replicate this process in other videos.

Implement the product into your videos organically

People will scroll away if you sound like a robotic sales ad. To do affiliate marketing on TikTok, infuse your products organically by doing a storytime while using the product, adding it to your daily routine, sharing the product as a reply to a comment asking about it or doing a product review. Try to be as objective as possible.

Essentially, your priority should be to provide valuable information to your audience in an entertaining manner. Then strategically weave the affiliate product into the fun videos.

Related: I Ran the First Version of TikTok. Here’s What I Learned About Spotting Viral Trends.

Promote like crazy

Once you get the views, it’s time to promote your affiliate links and maximize your engagements. You can do this by:

1. Linking affiliate products

Add your affiliate links in easily discoverable areas by:

  • Using a popular hashtag if there are other similar affiliate products
  • Including your affiliate link in your bio or through a bridge page
  • Adding an affiliate URL in your content description
  • Offer a coupon or your unique discount code in the comments

2. Build your other social platform audience

Redirect your generated traffic to build engagements and followers on your other platforms. Do this by customizing your profiles and adding a Youtube or Instagram link. Also, let your viewers know they can watch the full clip on Youtube (if you have one).

Final thoughts

Starting affiliate marketing with no money means building an audience with a free traffic source — in this case, TikTok. Though TikTok does not restrict organic reach, unlike most social platforms, it still requires a great deal of consistency. Remain consistent in creating entertaining yet valuable content. When you finally start making money doing affiliate marketing on TikTok, invest in TikTok paid ads to scale even faster.

Related: 5 Essential Strategies for Boosting Your Brand’s Popularity on TikTok



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