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Beauty Blog 101: Makeup Affiliate Programs to Help Get You Started

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Beauty Blog 101: Makeup Affiliate Programs to Help Get You Started

I read the title of this post and I hear a collective groan from our male affiliate marketers. Beauty Blog? Beauty Blog!? Like, what is that?

For all of those not in the know, a beauty blog is a blog with a focus on fashion and makeup. It’s really all about makeup, but some bloggers have expanded to include fashion in their content. After all, a pretty face goes perfectly with a pretty frock.

Beauty blogs publish makeup reviews and product recommendations.  There are hundreds of beauty vlogs in YouTube that show the same content, only in video format. Blog or vlog, it all starts out as a personal repository of one’s experience, likes and dislikes, adventures and misadventures.

I can see a few of our gentlemen readers cringing. I’m sure you’re going to hit that red “X” on the top right of your browser any minute now, but please hear me out. Beauty blogs are big these days, and they’re going to get bigger. You might want to pay a bit of attention (and get your wife or girlfriend to read this post with you!).

So Just How Big is the Makeup Niche?

People love to look good, and it shows: The cosmetics industry is HUGE.

The cosmetics industry is definitely a large one, and despite the Coronavirus pandemic, it continued to remain profitable, particularly the skincare niche as reported by Statista.

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There’s a strong need in all of us to look good, and this is why these types of blogs are growing in numbers. They’re not limited to women, either: There are beauty blogs for men, too.

Currently, there are around 45,000 beauty and fashion vlogs on YouTube. These vloggers don’t necessarily have a blog to accompany their vlogs, but they do maintain social media presence in Instagram, Facebook and Twitter. These vloggers get paid by YouTube for getting views and engagement on their content, and they get paid by beauty companies for promoting their products.

With that much revenue and a large following, some of these beauty vloggers have come up with their own makeup line.

The beauty niche is truly lucrative and evergreen.

What is the Competition Like?

A high level of demand often means a high level of competition. That doesn’t mean you can’t do it, you’ve just got to be savvy with your keywords.

You can skip this part and jump right into the makeup affiliate programs you can promote, but I suggest you don’t. There’s plenty of competition in the cosmetics/skincare niche, and it pays to look at how you can outsmart the competition by targeting the right keywords.

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To start, we must ask a common question: Is it “makeup” or “make up”? The two are similar; however, “makeup” refers to lipstick, eye shadow and all other things applied to the face, while “make up” is a verb that can refer to the act of applying makeup.

So be more specific when running your keyword search. Check out both spellings and see what numbers come up.

The types of keywords you’ll want to home in on for your website content or ad campaigns should revolve around specific terms with a lot of searches but less competition. In this case, for example, you might want to consider “Makeup looks” or “Wedding makeup” or “natural eye makeup” as keywords for blog topics.

If you go ahead with any of the affiliate program options that I’ve outlined below, make sure to do some further keyword research to ensure your success. If you’re generating keywords to use as content topics, try this method here. The AffiloTools Keyword Research module makes keyword research like this easy, so feel free to check it out and have a play around.

When coming up with keyword ideas for this niche, don’t forget to try “how-to” phrases, such as “how to put on eyeliner.”

Top Beauty Affiliate Programs for Your Beauty Blog

Here are our best picks for best beauty affiliate programs to promote on your beauty blog.

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100 is quite a lot to go through and so we’ve picked out 10 of the best among all the affiliate programs listed here. This is a mix of skincare, makeup, and haircare brands long with one or two online beauty stores thrown in.

Found these beauty blog affiliate programs useful? Share the news! 🙂

Makeup Affiliate Programs

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We are told to embrace our natural beauty, and yes, we should.

But we’re compelled to always show the world, not our best foot, but our best look. Makeup has been a staple to women’s purses and vanities waaaay before “selfie” was a word.

Here are makeup brands with affiliate programs that can make you and your bank account pretty.

  • e.l.f Cosmetics

    e.l.f. Cosmetics is a global makeup brand that sells a wide range of makeup products at affordable prices.

    Commission: 9%
    Cookie Duration:
    Affiliate Network: Viglink

  • BH Cosmetics

    “BH” probably means something else, but it may also be an acronym for the company’s tagline “Badass with a Heart”. Whatever it may be, this is a makeup brand for fearless individuals who dare to stand out.

    Commission: 6%
    Cookie Duration: 90 days
    Affiliate Network: Rakuten Linkshare

  • Benefit Cosmetics

    Pioneers of the cheek and lip stain, their own Benetint was a bestseller that propelled them to makeup fame.

    Promoting Benefit should not be a challenge given the brand’s popularity, but their short cookie duration might be too much of a challenge for the average affiliate marketer, more so for a beginner.

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    Commission: 4%
    Cookie Duration: Limited
    Affiliate Network: Rakuten Linkshare

  • BLK/OPL

    Known as Black Opal, this brand has created and sold makeup and skincare suited to women of color.

    Commission: up to 9%
    Cookie Duration:
    Affiliate Network: Rakuten Linkshare

  • PÜR Cosmetics

    Offering high-quality mineral-based makeup with skincare benefits, PÜR takes pride in their cruelty-free products.

    Commission: 8%
    Cookie Duration: 45 days
    Affiliate Network: CJ Affiliate

  • Makeup Geek

    Connect with their Makeup Advisor and they will guide you to creating your own makeup palette with colors that are perfect for you.

    Commission: 15%
    Cookie Duration: 15 days
    Affiliate Network: Refersion

  • MAC Cosmetics

    Popularly known for their wide range of long-lasting lipsticks.

    Commission: 4%
    Cookie Duration: 30 days
    Affiliate Network: Rakuten Linkshare

  • Stila Cosmetics

    Another established and well-known makeup brand, Stila believes that our looks are authentic like our signatures.

    Commission: 6%
    Cookie Duration: 60 days
    Affiliate Network: CJ Affiliate

  • Smashbox

    Known for their high-quality primers, foundations and lipsticks that give you picture-perfect look anywhere and anytime.

    Commission:
    Cookie Duration: 7 days
    Affiliate Network: FlexOffers

  • Black Radiance

    Affordable makeup and skincare line for women of all color and shade.

    Commission: Competitive
    Cookie Duration: 7 days
    Affiliate Network: Rakuten Linkshare

  • Tarte Cosmetics

    Their claim as America’s #1 Concealer Brand may not be too far-fetched. Their commitment to providing natural, safe and cruelty-free cosmetics is 20-years strong.

    Commission: 8%
    Cookie Duration:
    Affiliate Network: Pepperjam

  • Girlactik

    Fun, flirty makeup for everyday wear.

    Commission: 18%
    Cookie Duration: 60 days
    Affiliate Network: ShareASale

  • Bobbi Brown

    A makeup brand that made its mark by launching a long line of foundation that caters to all skin colors. They have since expanded to skincare.

    Commission: 10%
    Cookie Duration:
    Affiliate Network:  VigLink/Sovrn

  • Mineral Hygienics

    They offer a complete line of mineral makeup that is good for your skin.

    Commission:10%
    Cookie Duration: 60 days
    Affiliate Network: ShareASale

Hair Products Affiliate Programs

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Dwayne “The Rock” Johnson and Vin Diesel may rock the “no-locks” look, but not everyone can. Whether it is in the salon, or shopping online for hair products or tools, we’re spending money to make sure that our hair remains our crowning glory.

In no particular order, below are a few hair care and hair product brands that currently have affiliate programs:

  • TopSecret

    Create thicker, fuller hair with their patented air pump spray applicator that covers your scalp with natural keratin fibers.

    Commission: 20%
    Cookie Duration: 45 days
    Affiliate Network: ShareASale

  • Luxy Hair

    Premium quality hair extensions, clip-ins and accessories. Typical prices for the  extensions and clip-ins are between $100 to $250 so the commission is not as challenging as it looks.

    Commission: US$10 for orders US$100 and up
    Cookie Duration: 30 days
    Affiliate Network: Impact

  • Cuvée Beauty

    “Every day should be a good hair day.” Thus, Cuvée Beauty’s range of hair care products are clinically-proven to make hair twice as strong and less prone to breakage.

    Commission: 15%
    Cookie Duration: 30 days
    Affiliate Network: Impact

  • Design Essentials

    Premium hair care products that cleanses, conditions, and restores hair to its crowning glory.

    Commission: 20%
    Cookie Duration: 60%
    Affiliate Network: CJ Affiliate

  • Mo Mi Beauty

    Handcrafted hair products made from quality and safe ingredients.

    Commission: starts from 20%
    Cookie Duration: 90 days
    Affiliate Network: ShareASale

  • SNI Natural Hair Care

    Based in the UK, SNI Natural Hair Care sells their own unique line of hair products made of natural ingredients.

    Commission: 10%
    Cookie Duration:
    Affiliate Network: In-house

Skincare Affiliate Programs

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Any beauty guru or vlogger worth watching or following will tell you to remove all that makeup at the end of the day, clean your face and moisturize.

People spend as much money on makeup as they do on skincare, which is why you’ll see popular labels branching out to have both.

This list will focus only on brands that have skincare products only, or have started as a skincare brand.

  • Sundaily

    Gummy skincare that fights the signs of skin aging and stress from within. This is more of a supplement that you take versus a cream you put on your skin, but still adding this here as it is for skincare.

    Commission: $50
    Cookie Duration: 15 days
    Affiliate Network: ShareASale

  • Farmacy Skincare

    “Farm-to-face skincare” that cleanses, hydrates and heals. From tapping into local, organic farms for their natural ingredients to 100% recyclable packaging, Farmacy Skincare is “green beauty” all the way.

    Commission: up to 20%
    Cookie Duration:
    Affiliate Network: ShareASale

  • Colorescience

    Get to #KnowBetterSkin through Colorescience’s array of skincare products that help prevent sun damage.

    Commission: 5%
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

  • Wander Beauty

    Everyday, multi-tasking beauty essentials made from clean, globally-sourced ingredients.

    Commission: 15%
    Cookie Duration: 30 days
    Affiliate Network: VigLink/Sovrn

  • XLASH Cosmetics

    Scandinavian brand XLASH’s Cosmetics creates and sells various serums and creams, the most notable of which is their eyelash serum that they claim can get you longer eyelashes in 28 days.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

  • Apoterra

    Handcrafted, effective, and eco-friendly skincare products.

    Commission: 8%
    Cookie Duration: 14 days
    Affiliate Network: Rakuten Linkshare

  • Erno Laszlo

    What started as a lab in Budapest creating bespoke skincare in 1927 has grown to be the trusted skincare expert of celebrities the likes of Greta Garbo and Katharine Hepburn.

    They may have since moved to Fifth Avenue, but Erno Laslo continues as a brand known for their personalized and groundbreaking skincare line.

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    Commission: starts from 6.4%
    Cookie Duration: 30 days
    Affiliate Network: FlexOffers

  • Murad

    Created by renowned dermatologist Dr. Howard Murad, the Murad skincare line has been creating high-performing skincare products since 1989.

    Commission: 6.4%
    Cookie Duration: 30 days
    Affiliate Network: AWIN

  • Follain

    Creating and offering high-performing yet luxurious skincare made from the purest ingredients.

    Commission: 20%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • Paula’s Choice

    Effective, safe and cruelty-free skincare line that addresses common issues from acne to wrinkles.

    Commission: 7%
    Cookie Duration: 30 days
    Affiliate Network: Impact

  • Alikay Naturals

    Natural and organic, Alikay Naturals’ products have expanded over the years to include femminine care and baby products to their hair and skincare line.

    Commission: 10%
    Cookie Duration:
    Affiliate Network: ShareASale

  • DeRose Health

    Selling mostly wellness supplements, they have serums for the skin and hair.

    Commission: 20% to 50% depending on the dollar value
    Cookie Duration: 90 days
    Affiliate Network: In-house

  • Atolla

    Delivers a truly personalized service by creating bespoke skincare products.

    Commission: $25
    Cookie Duration: 10 days
    Affiliate Network: CJ Affiliate

  • Priody Natural Cosmetics

    On top of their high-quality skincare products, Priody offers free cosmetic consultation so you can be guided on which of their products will work best for you.

    Commission: up to 25%
    Cookie Duration: 50 days
    Affiliate Network:  CJ Affiliate

  • Alchimie Forever

    Developed in Switzerland by Dr. Luigi L. Polla, their efficacy of their skincare line is backed by clinical results.

    Commission: 20%
    Cookie Duration: 45 days
    Affiliate Network: ShareASale

  • Ayla

    Not only do they offer a carefully-selected array of skincare and haircare products, they have well-trained Guides to help you select the right products.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • Treat Beauty

    Conconcting delectable treats for the skin and lips, Treat has products like birthday cake body butter and brown sugar smoothie face and body polish. All organic and cruelty-free.

    Commission: 10%
    Cookie Duration:
    Affiliate Network: ShareASale

  • Thesis Beauty

    Crafts skincare from certified organic ingredients; vegan and cruelty-free skincare in eco-friendly packaging for the whole family.

    Commission: 10%
    Cookie Network: 60 days
    Affiliate Network: ShareASale

  • Caley Cosmetics

    They sell lipsticks and liners but their main product line is effective skincare made from all-natural ingredients.

    Commission: 8%
    Cookie Duration:
    Affiliate Network: In-house

Fragrance

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Look good, smell good… feel good! Scents evoke memories and feelings, and are such big moneymakers, which is why you’ll find celebrities collaborating with perfume makers to create their own signature scents to sell.

Because who wouldn’t want to smell like JLo or Ariana Grande?

  • Skylar

    Hypoallergenic, “safe” scents, lotions and creams made from natural ingredients.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • FragranceNet.com

    Online retailer of popular perfume brands. They also sell skincare, makeup and hair care products.

    Commission: 1 to 5%
    Cookie Duration:
    Affiliate Network: Rakuten Linkshare

  • Fragrance X

    New York-based Fragrance X sells branded perfumes, colognes and soaps.

    Commission: 10%
    Cookie Duration: 45 days
    Affiliate Network: CJ Affiliate

  • Perfumania

    American fragrance retailer with a large inventory of genuine designer perfumes for men and women.

    Commission:10%
    Cookie Duration: 45 days
    Affiliate Network: CJ Affiliate

All-in One

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These are popular brands that started with a fragrance or a lipstick and has since branched out to all other niches of the beauty industry, selling their own brand of makeup, skincare, even fashion.

Included in this category are beauty subscription boxes. The beauty products in these boxes were selected and sent as a package along with other products to subscribers. This system allows subscribers to try out different products and see which works best for them.

  • Yves Rocher

    A huge French brand that produces and sells skincare, makeup and fragrance products.

    Commission: 15%
    Cookie Duration: 30 days
    Affiliate Network: Viglink/Sovrn

  • butter LONDON

    The company started with toxin-free nail lacquer and has grown over the years to include high-quality and clean cosmetics for the face.

    Commission: 15%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • Avon US

    Long-established makeup brand known the world over. They have a huge catalog spanning makeup, skincare, fragrance, fashion and jewelry.

    Commission: up to 10%
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

  • Avon UK

    This is the same Avon; only this is specific to their UK market.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: AWIN

  • L’Occitane En Provence

    From essential oil shampoos, L’Occitane now also creates and sells luxury skincare, fragrances, and bath and body products for men and women.

    Commission: 6%
    Cookie Duration: 30 days
    Affiliate Network: Rakuten Linkshare

  • Art Naturals

    Their extensive line of premium health and beauty products include hair care, skincare, and even essential oils.

    Commission: 7%
    Cookie Duration: 90 days
    Affiliate Network: FlexOffers

  • Clinique

    Well-known high-end subsidiary of Estee Lauder Companies, they sell makeup, skincare and fragrances.

    Commission: 8%
    Cookie Duration: 7 days
    Affiliate Network: Rakuten Linkshare

  • Elizabeth Arden

    A prestigious beauty company known for its anti-aging skincare, fragrance and makeup.

    Commission: 8%
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

  • Birchbox

    They offer a monthly subscription box of selected hair and skincare products for both men and women. Products included in their beauty boxes are also sold on their website individually.

    Commission: 5%
    Cookie Duration: 7 days
    Affiliate Network: Rakuten Linkshare

  • Estee Lauder

    Known the world over for their extensive line of skincare, makeup and fragrances.

    Commission: 4%
    Cookie Duration: 7 days
    Affiliate Network: Rakuten Linkshare

  • Petit Vour

    With a large selection of vegan beauty products and brands, Petit Vour’s claim to be the #1 non-toxic vegan beauty box subscription service may just be right on point.

    Commission: up to 20% for shop orders and 55% for beauty box subscription signups
    Cookie Duration: 30 days
    Affiliate Network: In-house

  • Allure Beauty Box

    Still enjoying a wide readership in both print and digital, Allure’s beauty box subscription is a good mix of editor-tested products rounded off with a mini-mag and free shipping.

    Commission: $5
    Cookie Duration: 30 days
    Affiliate Network: Impact

  • Pixi Beauty

    Established UK beauty company. Their “fuss-free” makeup and multi-tasking, youth-enhancing skin care has a worldwide following.

    Commission: 5%
    Cookie Duration: 60 days
    Affiliate Network: ShareASale

  • 100% Pure

    Skincare and makeup that are 100% safe, natural and cruelty-free.

    Commission: 8%
    Cookie Duration: 45 days
    Affiliate Network: Pepperjam

  • Airbrush Makeup by Dinair

    Wide range of foundation, hair, and airbrush tools and accessories. They also have Airtan kits.

    Commission: 10%
    Cookie Duration: 6 months
    Affiliate Network: In-house

  • Glossybox

    With a wide range of brands and their own skincare line, Glossybox is able to deliver high-quality beauty products in beautiful packaging.

    Commission: up to $20
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

Beauty Tools

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Here you’ll find affiliate programs from companies selling makeup brushes, sculpting wands, and other accessories to putting on skincare or makeup.

  • Conair

    Established maker of hair dryers, straighteners and other hair styling tools.

    Commission: 10%
    Cookie Duration:
    Affiliate Network: FlexOffers

  • Verseo

    Online store of various beauty and wellness tools and accessories

    Commission: up to 20%
    Cookie Duration: 30 days
    Affiliate Network: CJ Affiliate

  • NailHugs

    Branded nail appliqué for nail art.

    Commission: 20%
    Cookie Duration: 15 days
    Affiliate Network: ShareASale

  • BK Beauty

    They create and sell luxurious makeup brushes and tools that deliver flawless application.

    Commission: 15%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • Lash Star Beauty

    Professional and multi-dimensional false eyelashes

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • SBLA

    Famous Hollywood makeup artist Spencer Barnes did not take the usual route of creating his own makeup line/ Instead, he sells “sculpting wands” that firm and lift the skin, solving skin-aging issues without the need for surgery.

    Commission: 8%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • Lash Envy Beauty

    UK-based beauty company selling luxurious synthetic and fake mink eye lashes.

    Commission: 30%
    Cookie Duration:
    Affiliate Network: In-house

Beauty Online Stores

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These are the Amazon.com of the beauty industry: popular online stores that sell equally popular makeup and skincare brands. Some of these have even begun to manufacture and sell their own makeup and skincare line.

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  • Ulta

    Ulta is an online store that sells major makeup brands like Kylie Cosmetics and Estee Lauder. They are an online one-stop shop offering makeup, skincare and fragrance.

    Commission: 2%
    Cookie Duration: 30 days
    Affiliate Network: Impa

  • Orabel

    Online beauty store with a wide range of beauty and skincare products. Based in Canada.

    Commission: 7%
    Cookie Duration: 90 days
    Affiliate Network: ShareASale

  • LOOKFANTASTIC

    LOOKFANTASTIC sells a wide range of makeup, skincare, hair and fragrance products from over 600 premium bands. Their main market is Europe.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: AWIN

  • Cult Beauty

    UK-based, one-stop hub for anything and everything to do with skincare and beauty. They carry well-known brands and cover skincare to fragrance.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: Rakuten Linkshare

  • Beauty Bay

    Beauty Bay is a unique mixture of well-known and unique brands, including their own line of skincare and makeup.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: AWIN

  • The Detox Market

    This is an online beauty store just like the others in this category, but their shop is made up of carefully selected high-performing “green beauty” products made from pure ingredients that are cruelty-free and guaranteed safe.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: Impact

  • Beautylish

    With over 100 brands covering makeup, skincare, hair… Even wellness, Beautylish’s expert advice and personal service are the icing on the cake.

    Commission: 10%
    Cookie Duration:
    Affiliate Network: ShareASale

  • Style Korean

    Korean company that sells and ships popular Korean makeup, skincare and food products around the world.

    Commission: 7%
    Cookie Duration:
    Affiliate Network: In-house

  • Integrity Botanicals

    Online “green beauty” store offering an assortment of natural and organic skincare, haircare, and makeup products.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: ShareASale

  • SkinStore

    This is more than a skincare shop. They have brands covering makeup, beauty tools and fragrance which is why we have them in this niche instead of in the skincare niche.

    Commission: 8%
    Cookie Duration: 30 days
    Affiliate Network: AWIN

  • Sephora

    Global beauty online retailer with markets in the US and Asia.

    Commission: 5 to 10%
    Cookie Duration: 24 hours
    Affiliate Network: Rakuten Linkshare

  • Dermstore

    Carries a wide range of unique spa care and green beauty brands.

    Commission: 15%
    Cookie Duration:
    Affiliate Network: CJ Affiliate

  • Fresh Fragrances and Cosmetics

    Australian-based online store selling over 30,000 products ranging from men and women fragrances to skincare and makeup.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network: Commission Factory

  • Strawberrynet

    Wide selection of major skincare, makeup, haircare and perfume brands at competitive prices.

    Commission: 8%
    Cookie Duration: 45 days
    Affiliate Network: CJ Affiliate

  • Camomile Beauty

    Canadian beauty online retailer of  green beauty and cruelty-free products.

    Commission: 7%
    Cookie Duration: 30 days
    Affiliate Network: In-house

  • Olive Young

    From a health and beauty retail business in Korea, Olive Young slowly advanced to become a worldwide online beauty reseller.

    Commission: 10%
    Cookie Duration: 30 days
    Affiliate Network:  ShareASale

  • Nordstrom

    Popular online fashion and beauty retailer.

    Commission: 2 to 20%
    Cookie Duration: 14 days
    Affiliate Network: Rakuten Linkshare

How to Promote Your Beauty Blog

No blog promotes itself. These are the best methods for promoting a beauty blog.

A beauty blog is like any other website or blog, and you can promote it through most conventional methods, such as social media marketing. You can’t use every tactic at once, so like I’ve always said, have a link-building plan or strategy guide to get you started. This will help you define your SEO and link-building goals and determine which methods work best for your site. Here are some other methods you can use to promote your beauty blog:

YouTube Marketing

Put all those how-to videos to good use. Make sure your videos are properly optimized and contain either your affiliate link or a link to the related content on your site. You may refer to this excellent information on video marketing: “Video Content: Super Fun! Super Effective.” You can also learn how to link back to your website (if you have one) from YouTube with this lesson on associated website annotations.

Blog and Forum Posting

There are a lot of other beauty blogs. Don’t be a snob! These blogs may be competition, but they are still in the same niche, so participating in discussions will do a lot more good for your site than harm.

Participating in blogs often leads to guest posting, since the website owner or blogger gains enough information about you through your comments to trust you. A guest post is great because it not only brings traffic to the site, but also gives you a backlink or two.

We actually teach you how to promote your site on websites and blogs in AffiloBlueprint, so if you’re interested in this method I’d check that out. It also teaches you how to build your blog, so if you’re thinking you’d like to build a beauty blog but haven’t yet, then I’d most definitely recommend it.

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Content Strategy

It’s important that your site is always up-to-date with the current makeup trends as well as popular products. Reading up on what’s new will help with the planning and research of your posts so that you will be able to publish on a regular basis.

We have a whole variety of free lessons on content creation right here, but first I’d check out the blog post about building a strong content strategy here.

Remember that there are also other forms of content, like videos and infographics, that you can create for your site so as not to bore your readers. Keep a working schedule of where and when new posts are published and what they contain.

Having a few make-up tutorials as your core content with some updated info coming out regularly on a blog is a great way to go. This might sound like a lot of work, but new beauty products are coming out all the time. The more you keep your website up to date with the latest and greatest, the more you’ll encourage a following of people looking for MORE MAKEUP.

Email Marketing

Speaking of new products coming out all the time, if you build a mailing list you can make sales to people over and over again rather than losing them when they leave your site. This is especially useful for any niche that has a high rate of new products and deals, and luckily for you, this is one of those niches. You can check out our free lessons on email marketing here.

Can Beauty Blogs Give Way to Pretty Profits?

There are some low commission rates and high competition here which provides a challenge, but there’s a lot of demand for these products so there’s definitely potential.

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Looking at the commissions these makeup affiliate programs give to affiliates, this isn’t going to be as lucrative as other niches unless you can get a lot of traffic and sales. In saying that, the popularity of this niche means that there is potential for you to do just that with the right marketing techniques.

You want to aim for a target audience of the kind of readers who like to go for a beauty “haul” (where they purchase lots of products at one time).

To beat out the high competition and conquer the low commission rates of these products, you really will need to constantly update your site with new content so as not to lose your readers and their interest. That’s going to be a major challenge, particularly if you’re not a writer.

Despite all this, a beauty blog is very appealing to me. For one thing, this is a niche where lady affiliate marketers with a passion for makeup and fashion can really dominate. You may not get paid much as far as commissions go, but some of those makeup affiliate programs offer freebies and/or affiliate discounts on makeup purchases that can more than make up for it.

This niche is definitely for those with a love for fashion and makeup. If you’re such a man or woman, then go for it! I’m sure that it’s going to be an enjoyable, rewarding endeavor for you.

Before you go I’d love to ask, do you know of any good makeup affiliate programs that I’ve missed? What types of makeup products are you interested in promoting? Let me know in the comments below.

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How Creators Make Money Is Changing

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In 2021, we reported on a survey that measured creators’ top sources of revenue. At that time, sponsorships with advertisers took the top spot by …

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The Ultimate Guide to Succeeding Alone in Business in 2024

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The Ultimate Guide to Succeeding Alone in Business in 2024

What is a solopreneur? And how do you become one?

Well, in this post, we’re diving into the world of solopreneurship to help you get started.

You’ll learn:

  • The difference between a solopreneur and an entrepreneur
  • Pros and cons of solopreneurship
  • A step-by-step guide to becoming a solopreneur
  • Plus, solopreneur business ideas you can start today.

Let’s get started.

What is a Solopreneur?

A solopreneur is a person who starts a business by themself, without a partner, and the need for hiring employees.

What is a Solopreneur?

Merriam-Webster defines it as:

One who organizes, manages, and assumes the risks of a business or enterprise without the help of a partner : a solo entrepreneur.

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They typically bootstrap their business using their own money and manage all aspects of the business needs to make a profit.

This might involve sales, marketing, product development, managing finances, and customer satisfaction.

Solopreneur vs Entrepreneur

Now, you might be asking, “What’s the difference between a solopreneur and an entrepreneur?”

Solopreneur vs EntrepreneurSolopreneur vs Entrepreneur

Here are the key distinctions between the two. Knowing these can also help you choose which one to pursue.

Purpose

A solopreneur and an entrepreneur have slightly different intentions when launching a business. The solopreneur starts a business so they can work for themselves, make extra money, and work on something they’re passionate about.

Solopreneurs often start a side hustle while working a regular job, hoping their business will take over their salary.

The entrepreneur generally starts a business for growth, scalability, and profit. They may also be driven by having an impact on a market.

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Entrepreneurs might start as solopreneurs in the beginning but with an aim to expand. They may also have an exit strategy in mind from the very beginning, whereas solopreneurs rarely start to sell the business.

Management

Solopreneurs don’t hire employees as they aim to manage all aspects of the business themselves. But, they might hire a freelancer, independent contractor, or virtual assistant for specific daily tasks.

The solopreneur doesn’t usually seek investments either, as their startups are self-funded.

Entrepreneurs will build a team of employees and seek investments so they can expand the business quickly.

Most entrepreneurs don’t want to be working in the business but rather focus on their vision and creative direction.

Focus

The focus of a solopreneur is primarily to create a lifestyle business. They might also want to achieve financial independence and work on things they love.

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Many solopreneurs are simply driven by their interests. For example, an artist might want to spend more time painting, so they research ways to monetize their work.

When their art business makes more money than their job, they can leave and focus on painting full-time. They’ve turned their hobby into a business.

Whereas the entrepreneur might have a passion for growth, innovation, impact, or for business itself. The businesses they start can be varied, and they don’t necessarily have to be passionate about their niche.

Pros and Cons of Solopreneurship

Like any venture, business model, or career choice, there are advantages and disadvantages.

Here’s what you need to know when becoming a solopreneur.

Solopreneurship Pros

  1. The introverts dream. Solopreneurship can be very appealing to introverts or those who like working alone.
  2. Total autonomy. You have complete control over business decisions, projects you work on, and the people you serve.
  3. Flexibility. It provides total freedom regarding the hours you work and your location.
  4. Low startup costs. Many solopreneurs can start with a social media account and free marketing tools like Substack.
  5. Passive income. There’s a lot of potential to earn passive income as a solopreneur. Here are some passive income ideas to look into.

Solopreneurship Cons

  1. Workload. Many roles are required to be a successful solopreneur. These include marketing, sales, accounting, and client satisfaction.
  2. Inconsistent income. Revenue can be slow and inconsistent in the beginning.
  3. Isolation. Running a business alone can get pretty lonely sometimes, even for introverts.
  4. Work-life imbalance. It can be hard to switch between work and play, especially when working from home.
  5. Financial responsibility. Financial management can be quite daunting for some people and may lead to failed startups when not managed well.

How to Become a Solopreneur

Here are 9 steps you can take to make the solopreneur journey a breeze.

1. Evaluate Your Skills

Solopreneurship is all about monetizing a skill or what you know. So, the first step is to know what you’re good at.

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This is harder than it seems because what we’re good at often comes naturally to us. Therefore, we don’t recognize our own talents.

It could be fixing your diet, graphic design, writing a novel, or dealing with stress.

Start by documenting your life and answering these questions:

  • What are you passionate about that you’ll never get bored with?
  • Have you achieved anything significant that came easy to you?
  • What do you spend the most money on?
  • What do your friends come to you for advice about?

Spend some time journalling or brainstorming things that come to you. Just try to keep it simple.

You don’t have to be an expert to be your own boss. Only a desire to help others who are a few steps behind you.

If you’re really stuck, you can choose one of the easiest online businesses to start to get you going.

2. Set Financial Goals

Next up is knowing how much income you want to make.

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Solopreneur financial goalsSolopreneur financial goals

Do you want to make a little extra on the side? Or do you want to replace your salary?

There’s no limit to how much you can make when starting an online business as a solopreneur.

But it’s still important to set business goals. Doing so will help you make better decisions and even choose a business model or product to sell.

You’ll want to establish short-term and long-term financial goals. That way, you’ll stay motivated and maintain focus.

3. Choose a Business Model

Your business model is how you deliver your products or services. Establishing one will give you clarity on the direction you can take.

It will also reveal how you’ll generate income, establish risk, and how you might scale if you want to.

We’ll take a deeper dive at specific business ideas later, but these are the main business models to choose from.

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  1. Service-based. Things like freelance writing or web design services.
  2. Content creator. Teaching through YouTube, blogs, or online courses.
  3. Coaching. Helping people achieve personal or professional goals.
  4. eCommerce. Selling physical or digital products.
  5. Developer. Launching web or mobile apps.

4. Identify Your Ideal Market

So you have an idea of what you’ll be offering and the business model to deliver it.

But now you need to find an audience who needs it. Skip this step, and you could sell something no one needs.

Market research validates what you have to sell and will help you clarify your offer.

It involves understanding the pain points of your target audience and crafting a compelling solution.

Here are some popular ways to perform market research today:

  1. Forums and communities: Join and engage in niche forums or communities like Facebook groups. Use Google to find these forums or the search feature on Facebook.
  2. Social media: Monitor conversations on social media sites like Twitter and Reddit. Search for niche-related tags to find the right people.
  3. Competitor analysis: Research your competitors to see what pain points they focus on. Analyze the copy on their website and social media channels to gather insights into your audience.
  4. Keyword research: Use tools like Google Keyword Planner or SEMRush to find out what your niche is searching for. This will help you understand what their needs and goals are.
  5. Start a community: Launch a free Facebook Group or community platform like Skool to get to know your audience on a deeper level.

Niching down will always help you find a more passionate audience, so try not to go too broad. You can also read our posts on the best niche markets to get some ideas.

5. Create a Business Plan

According to a study published in Small Business Economics, people who create a business plan are 152% more likely to launch their business .

Develop a business planDevelop a business plan

Another study revealed that companies that plan grow 30% faster than those that don’t plan.

The downfall when planning is that many solopreneurs can get caught up in all the details. However, it doesn’t have to take weeks or months or need to be perfect.

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What’s important is getting the fundamentals down on paper.

This notion template is a great place to start, or this Udemy course for a more comprehensive and guided approach.

6. Launch Your Brand

Now, you’ll want to define the identity of your brand. This includes the name, logo, and messaging to attract the right people to your business.

The easiest route is to use your name and start your business as a personal brand.

But if you intend on scaling your business or selling it as an entrepreneur, you might want to start a professional brand instead.

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Either way, start by brainstorming ideas and checking for domain availability and social media handles.

You might want to register your business legally at this point, too.

If you have design skills, a simple logo might be sufficient enough. You can also hire a designer on Upwork to design your logo and brand identity professionally.

Lastly, you’ll need to tailor your brand messaging to resonate with your audience. A great book on this subject is Building a StoryBrand by Donald Miller.

7. Establish an Online Presence

The next step to solopreneur success is forming a coherent online presence. These will be the places where you market yourself, publish content, and deliver your offerings.

Here are a few things you’ll need to set up:

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  1. A website: You can build a simple site using WordPress or Shopify if you sell products.
  2. Social media channels: Sign up and claim your social media handles on the main sites. These include Facebook, X, Instagram, Pinterest, Medium, and YouTube.
  3. Email list: Use ConvertKit or a newsletter service like Substack to start building an email list. The earlier you start this, the better.
  4. Blog: If you like writing, you can also start to publish articles that attract organic visitors through search engines.

You don’t have to be active on all these channels at once. Just set them up so no one else takes your username, then choose a channel your audience uses most.

As a solopreneur, it’s possible to grow your business by sticking to one channel.

8. Develop a Digital Marketing Strategy

Marketing is how you’ll raise awareness of the problems your niche experiences and how you can help solve them.

Solopreneur marketing strategySolopreneur marketing strategy

To do this effectively, you need a strategy.

You’ll want to decide which platform to spend most of your time on. As a solopreneur, there’s only you, so trying to juggle multiple channels will spread you thin.

The strategy is to publish content at each level of the funnel.

Using the AIDA formula is a good place to start:

A: Grab the audience’s Attention with well-crafted headlines
I: Create Interest by communicating pain points. This will help grow followers or subscribers.
D: Create Desire by emphasizing the desired state for potential customers.
A: Provide a call to Action to drive conversions and sales.

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You can check out the 1-Page Marketing Plan for this. It will help you define a comprehensive marketing strategy on a single page.

9. Never Stop Learning

Lastly, you’ll make your journey so much easier when you become a continuous learner and adopt a success mindset.

You can read the best audiobooks for business, take Udemy courses, or even join an online community.

Some great books for solopreneurs include The Lean Startup, Company of One, and Alex Hormozi’s books.

Solopreneur Business Ideas

There are tons of different types of businesses you can start as a solopreneur.

Choosing one will depend on your skills, passions, available resources, and market needs.

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Here’s a quick look at some one-person business ideas to give you some inspiration:

  • App developer: Creating mobile or web apps like habit trackers or even games.
  • Blogger: Publishing content on Medium, Quora, Twitter, or a WordPress blog.
  • Paid newsletter subscription: Sharing your insights and knowledge through a platform like Substack or Beehiiv.
  • Copywriter: Offering copywriting as a freelancer on Upwork on your website.
  • Digital products: Sell your knowledge in the form of digital products on Gumroad or Systeme.
  • eCommerce: Sell physical products through Amazon FBA, Etsy, or a Shopify store.
  • YouTuber: Share your knowledge and monetize with YouTube affiliate marketing and ads.
  • Start a community: Create a Skool community and charge a monthly subscription.

Solopreneur in Conclusion

Becoming a solopreneur has many advantages when starting a business. Unlike entrepreneurship, you get to work alone, choose your hours, and only work on things you love.

Don’t expect things to go perfectly, though. Achieving success in any business venture takes time and dedication.

If you want to connect with others on their solopreneur journey, consider joining the Niche Pursuits Community. You’ll get access to weekly calls from successful bloggers, YouTubers, and 7- and 8-figure digital business owners.



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27 Passive Income Ideas to Make Money & Build Wealth in 2024

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27 Passive Income Ideas to Make Money & Build Wealth in 2024

In this article, we discuss the 27 passive income ideas to make money and build wealth. To skip our detailed analysis of passive income and its benefits in today’s world go directly to the 7 Passive Income Ideas to Make Money & Build Wealth in 2024.

Passive income can be defined as a side income that comes from a minimal amount of work as compared to your active income. In the current economic conditions, many people are finding it hard to keep up with inflation with a single paycheck. While the US Federal Reserve’s policies have managed to tone down inflation and the bank is expected to cut interest rates, some Wall Street analysts still paint a bleak picture of the US economy in the near future. 

According to a survey by Self, 45% of working Americans have a side gig. Out of the people surveyed, nearly 35% said that they need their side hustle source to pay their bills and other expenses, while over 32% of people use it as disposable income. Around 30% of the respondents put their side gig money toward savings and investments. The survey suggests that these side gigs generate an approximate average of $688 per month. We previously reported that  73% of Americans with side hustles are thinking of leaving their primary jobs. 

Passive Income Ideas with Stocks

Some of our passive income ideas to make wealth revolve around investing in the financial markets. The US stock market is one of the places that have made many people rich. For example, value investors such as Warren Buffett and Seth Klarman have made billions from buying stocks and keeping them for the long term. Their style of investing is known as value investing. It is important to note that these two investors have spent a lot of time and money on their investments, but at the moment we are looking for passive income ideas to make wealth. In that case, you can follow their strategy on a smaller scale by buying quality stocks and letting them grow over a few years.

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Nevertheless, a value investing strategy works best if you have a lot of capital. For example, Warren Buffett has owned 151.61 million shares of American Express Company (NYSE:AXP) since the third quarter of 2013, when its stock price averaged at $75.23. By the end of the fourth quarter of 2023, the company shares were trading at an average price of $160.97. It means that American Express Company (NYSE:AXP) stock made around $17 billion for Buffett’s firm during this time, and that is without counting the dividend income. As of March 7, the company’s stock was trading at $221. Some other value stocks from Berkshire Hathaway’s portfolio include The Coca-Cola Company (NYSE:KO) and Bank of America Corporation (NYSE:BAC).

Use of AI to Generate Passive Income

A survey by GOBankingRates reveals that 45% of the respondents are in favor of using AI to generate passive income, and 8% are already using it to do so. Open AI’s ChatGPT has been responsible for the surge in 2023’s AI revolution. The platform also offers a passive income source with its Bug Bounty Program. The program invites people to find bugs or security flaws and get paid. The rewards start from $200 and go up to $20,000.

 Passive Income Ideas to Make Money & Build Wealth in 2024

Passive Income Ideas to Make Money & Build Wealth in 2024

Photo by nathan dumlao on Unsplash

Our Methodology

For this article, we carefully reviewed several sources, including Time Magazine, CNN, CNBC, and Reddit. Next, we chose the most common recommendations to make passive income across these sources and listed them according to the number of mentions each idea received. The more times a passive income idea was mentioned, the higher it was placed on our list.

By the way, Insider Monkey is an investing website that uses a consensus approach to identify the best stock picks of more than 900 hedge funds investing in US stocks. The website tracks the movement of corporate insiders and hedge funds. Our top 10 consensus stock picks of hedge funds outperformed the S&P 500 stock index by more than 140 percentage points over the last 10 years (see the details here). So, if you are looking for the best stock picks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

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Passive Income Ideas to Make Money & Build Wealth in 2024

27. Domain Parking

Domain parking is a practice where any person or company registers domain names but does not use them for hosting a website or email service immediately. Instead, they place them “parked” with a domain parking service or a domain registrar.

Revenue is primarily generated through advertising. When visitors click on the ads displayed on the parked domain’s page, you, as the owner of the domain, will earn a small amount of money. To get the most out of domain parking, hone your monetization strategy to direct traffic to the domain. You can optimize the domains via a third party like Newsy, Bodis, and ParkingCrew.

Due to the risks like potential legal issues and low revenue potential, we gave it the lowest priority on our list of passive income ideas to make money and build wealth in 2024.

26. Crypto Staking

Crypto staking is a process used in blockchain networks to validate and secure transactions, similar to how mining works in some cryptocurrencies like Bitcoin. However, instead of using computational power to solve complex mathematical problems as used in mining, staking involves validators locking up a certain amount of cryptocurrency as collateral to support the network’s operations. Crypto staking is a good way to earn passive income. However, it also carries risks, such as the potential loss of staked funds in the event of validator misbehavior.

Coinbase Global, Inc. (NASDAQ:COIN) is one of the companies that allows you to stake your tokens. The interest rate return on crypto staking varies between tokens. The estimated reward on Ethereum is 2.94% at the time of writing on March 7.

25. Annuity Set Up

An annuity is a financial product that provides a series of payments to an individual over a specified period. An annuity can be set up in various ways, depending on the terms of the annuity contract and the preferences of the individual purchasing it. 

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Annuities are usually bought through insurance companies. However, they are also provided by financial services businesses like brokerage firms and banks. Fixed Index Annuity is a type of annuity that is tied to broader market indexes such as the S&P 500. It pays you a fixed interest rate along with a variable income, depending on the performance of the market.

There are several other ways to set up annuities, and it is better to consult a financial expert or insurance provider to make more informed decisions before moving forward.

24. Renting Out Things in Your Home That You Don’t Use

Renting out household items has become increasingly popular with the rise of online platforms that facilitate peer-to-peer rentals. While renting out your household items can carry risks, it is a great passive income idea to make money and build wealth in 2024. You can be on your way to building wealth with this idea if you rent out high-value items that people need for only a short duration and/or infrequently. 

Other than keeping your items in good condition to retain and invite new customers, it is important to come up with competitive rental rates and provide clear rental terms and conditions. A few noteworthy sites/apps for peer-to-peer rentals are Rannsak, Fat Lllama, and Yoodlize. Some marketplaces provide insurance to cover damages, loss, or theft. For example, Rannsak offers The Rannsak Reimbursement Program in the U.S., and the insurance is up to $1,000.

23. Royalties From Intellectual Properties

Royalties from intellectual property refer to payments made to the creator of intellectual property in exchange for the use of the said asset. According to a report by the World Intellectual Property Organization, there were 3.5 million patents filed in 2022. 67% of the total patent filings were made by Asian countries.

If you plan on earning royalties from intellectual properties, you must protect them legally, and that can be done through copyrighting, trademarking, licensing, patenting, and more.

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A way to create passive income from royalties would be entering into a licensing agreement with a third party to allow them the use of your intellectual property and receive financial benefits in return. The amount of money you make from these royalties depends on the terms of the licensing agreement. For example, agreeing to a percentage of revenue generated by the sales of the product. Laws regarding patenting in the United States can be found on the United States Patent and Trademark Office website.

22. Peer-to-peer Lending

Peer-to-peer lending is a method of debt financing through which individuals borrow and lend money directly, and there is no involvement from traditional financial institutions. It is one of the best passive income ideas to make money as it serves as a source of funding for individuals and businesses while offering competitive interest rates and flexible terms with a streamlined loan process. The above-mentioned factors are not available to most individuals and businesses when it comes to taking loans from traditional banking institutions.

If it is your first time getting into peer-to-peer lending, you can sign up on established websites like Prosper Marketplace’s Prosper.com through which you can invest in consumer loans, and the website will connect you with borrowers.

21. Set Up an ATM or Vending Machine

An individual can set up an ATM or a vending machine to make a profit from them. However, these two things will generate income based on the number of people that use your machines, so it is essential to set them up somewhere with a lot of foot traffic. If you decide to go the vending machine route, there are a few costs that you should keep in mind, including the cost of the machine (secondhand machines cost between $1,500 – $5,000), location fee, replenishment cost, and maintenance. A few Reddit users recommend delegating tasks like re-stocking and maintenance to cut down on work hours.

For ATMs, setting them near cash businesses like casinos or barber shops where people prefer to tip in cash is ideal. To get started, you will need to open a limited liability company, purchase an ATM, find a location for it and draw up a contract with the owner of the location, and install the machine. 

20. App Development

Creating an app can be your way of building wealth because if successful, it will generate revenue for you over a long time. There are many ways you can monetize your app, including paid downloads, in-app purchases, subscriptions, and more. App development is one of the best passive income ideas to make money.

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Mobile apps have the most promise, as 56.1% of all global website traffic was attributed to mobile usage as of December 2023, according to Oberlo. While your income will vary depending on a multitude of factors, including but not limited to which app store you choose, the niche your app belongs to, and the monetization pathway you opt for, mobile apps have more potential to generate passive income.

19. Sell Stock Photos

Selling pictures online that you have captured is a great passive income idea. You will need to start by capturing high-quality pictures. You can then search for different reputable stock photography websites or agencies, like Shutterstock, Inc. (NYSE:SSTK), which hires photographers. According to data collected by Matic Broz for Photutorial, on average, a stock photographer can earn around $0.02 per image per month on average. Moreover, Stocksy United pays the highest, i.e., $200 per standard royalty-free sale and $8,100 per extended license.

18. Video Content Creation

Video content creation can not only generate passive income for you but also be highly engaging. You can create video content for different purposes, like stock footage, subscription platforms, and more. Creating videos for sponsored content is a great way to make a little money on the side. For that, you will need to find brands that will sponsor you to advertise their product or services.

Choosing the right platform for your video content is the most important step, and you can look at Google’s YouTube, TikTok, and Meta Platforms, Inc. (NASDAQ:META)’s Instagram. According to Influencer Marketing Hub, on average, a channel on YouTube gets $0.018 per view or $18 per 1,000 views.

17. Advertising on Your Car

Advertising on your car to earn money is a legitimate way to make some extra cash. This practice, often referred to as car wrapping, involves having advertisements or promotional graphics on your car in exchange for payment. To earn passively through car advertising, you would need to sign up with specialized agencies that hire people for this purpose. 

According to some Reddit users, they have been paid between $100 to $700 a month for getting their cars wrapped. However, some of them have cautioned people to beware of scams. It is essential to remember to do thorough research on the agency you plan on conducting your business with.

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16. Design Custom Products

Earning through custom-designed products can be a lucrative venture, especially with the rise of e-commerce platforms like Shopify Inc. (NYSE:SHOP) and print-on-demand services. You would start by identifying the material you wish to work with and your niche and create your designs. From there, you can choose a platform and hire a print-on-demand service. Once you set up your store, you will need to do effective marketing to solidify your customer base. Amazon.com, Inc. (NASDAQ:AMZN)’s Merch on Demand allows people to share their designs for their products. Some Reddit users even claim to make $2k to $3k a month from that platform.

15. Affiliate Marketing

Affiliate marketing is one of the best passive income ideas to make money and build wealth in 2024. According to AuthorityHacker, before consumers make a purchase, 74% of internet consumers in the U.S. go to multiple affiliate websites. Moreover, affiliate marketing contributes to 16% of all internet orders in the U.S.

With affiliate marketing, you can promote products or services through various marketing channels, such as websites, blogs, social media, email newsletters, or online advertisements, and earn a commission for each successful referral or conversion from a business or advertiser. 

The Amazon Affiliate program, or Amazon Associate program by Amazon, is an easy way to get into affiliate marketing.

14. Rent Storage Places

Buying and renting out self-storage space can indeed be a viable way to earn money. Other than that, you will need to be careful to set profitable and reasonable rental terms and conditions and screen the potential renters. According to one source, storage units can generate an annual income between $365,000 to $800,000, depending on size and location.

13. Rent Out Parking Space

If you have a parking space that you are not utilizing, you can rent it out, as it is a lucrative way to make extra money. It can become profitable for you if the parking space is near a venue that sees a lot of traffic, e.g., a shopping mall. Moreover, you can rent it out during specific times, like when a concert is being held somewhere nearby. The money generated from these parking lots mostly depends on your location. Make sure to check your local laws before investing in such ventures.

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Moreover, you can also list your private parking space on platforms like Neighbor, which can generate between $50-$300 per month.

12. Real Estate Investing 

Real estate investing by renting out a spare room is one of the best ideas to earn passive income and build wealth. It involves renting out the room to tenants in exchange for regular rental payments. The amount of rental income you can earn depends on various factors such as location, property type, market demand, and rental rates.

Airbnb, Inc. (NASDAQ:ABNB) is one of the best online marketplaces for short and long-term homestays.

11. Create an Ebook

Writing an ebook can be lucrative for you as it falls under a digital product. You can get passive income through sales revenue by selling your ebook to an online ebook publishing platform, including but not limited to Amazon Kindle Direct Publishing, Apple Books, and Google Play Books.

10. Buy a Successful Blog

Buying a successful blog means getting a website that already has lots of people visiting it and making money from it. When you buy it, you get possession of all the work that’s already been done, like writing articles and getting ads on the site. Buying a successful blog is a good passive income idea to make money and build wealth, especially if you know how to grow and improve it. Many Reddit users recommend buying blogs off of Flippa or Empire Flipper. According to them, it is important to remember that the initial investment will be considerable, and they recommend researching blog websites thoroughly.

9. Create an Online Course

Our eighth passive income idea to create wealth is creating an online course. Online courses have become a popular way for people to share their knowledge and expertise with others while also monetizing their skills. You can generate revenue through many strategies, including course sales, offering continuing education credits, etc. You would benefit from looking up e-learning platforms like Udemy, Inc. (NASDAQ:UDMY), as such platforms will provide you with tools for course creation, marketing, and sales.

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8. High-Yield Savings Account

A high-yield savings account is a type of savings account offered by banks or financial institutions, and it typically offers a higher interest rate compared to traditional savings accounts. To take full advantage of high-yield savings accounts, you should leverage compound interest. It can help you grow your savings steadily over time and help you reach your financial goals more quickly.

In 2024, several high-yield savings accounts offer returns of 4% or more in some cases as compared to the 0.46% national average return on traditional savings accounts.

 

Click to continue reading and see the 7 Passive Income Ideas to Make Money & Build Wealth in 2024.

 

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Disclosure. None. 27 Passive Income Ideas to Make Money & Build Wealth in 2024 is originally published on Insider Monkey.

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