When one of our readers at The Write Life buys Chris Guillebeau’s $58 Unconventional Guide to Freelance Writing through our link, for example, we earn $29. When James Chartrand’s Damn Fine Words course sells for $1,599 through our site, we earn $200. Lots of creators offer affiliate programs for their products; the key is finding products that appeal to your audience, so you readers want to purchase them.
Great post! I majored in Electrical Engineering, instead of going the tech route (mistake?) I went into infrastructure and engineering services. The work is pretty easy and I work no more than 40 hours a week. I’m in my early 30s moving up proves to be very hard even with PM experience and being a licensed PE, this industry is very flat… So I’m going to business school this fall to get an MBA part time. I sat in some classes and I actually love it. I never explored the possibility of studying business before but nonetheless I’ve had side interest in economics and leadership psychology for a long time and read a lot. Don’t know if I will see an ROI immediately but I am probably going to enjoy these courses.
There are tons of free certifications that you can get that aren’t the “real deal” certifications like CCNA on the technical side or PMP on the functional side. But they are useful. They would be a great talking point for an interview. Maybe you took a Microsoft Azure Cloud Computing course (free), or learned how to use Salesforce (free on their trailhead training site).
It will probably take a couple years to build a sustainable, passive income. That is the 1st car I have EVER purchased myself at age 29 (I was broke until then and leased from my parents). But the time committed to affiliate marketing and creating great tutorials and YouTube videos was worth it… I work for myself, there is virtually no limit on how much I can make, my schedule is flexible, and I collect enough passive income to live how I want.
I see a lot of naysayers and people not even trying. I am by no means rich or in the 1% but I live comfortably. I am single mother with ZERO support from my child’s father or from my parents who have passed away. I own a cleaning business. I got an associate’s in HIM and I work remotely and received my credentials. Yes, I spent a couple thousand starting my business and finishing my education, but I have been reimbursed all of my startup cost and have a team of employees. I don’t work 40 hours a week. Maybe 35. I don’t do any of the cleanings for my company, I have employees for that. Not saying in an emergency I haven’t cleaned, but for the most part the business runs itself because I strategically put people in place to do so. It was not an easy road, but it was well traveled and worth it.
We live in a modest 3 bed 2 bath house that is about 1,300 square feet. I drive a Toyota Prius that I bought in 2013 for $24,000 which I paid off in early 2015. My wife drives a Subaru Forester which we bought for about $25,000 and will have it paid off in less than 2 years from now. My point is, we know better than to spend our money on luxuries at this early stage in our financial careers. If we invest all of this excess now, how much better off will we be 15 years from now when we are in our early 40’s?
I work the first month of school but then quit my job because the engineering was too intense to work and do the workload and expect to get stellar grades. I live in my parents studio apartment, have a full ride scholarship that pays 100% of everything + pays me extra money. I am now making money to attend school and have a new profit for my income/expenses for the school year. Then I get into another engineering internship for the summer. I believe I make around 8k for that. NW is 50-60k going into sophomore year. I get another internship for NASA this summer making 16.75 an hour * 16 weeks. I was a contractor so I have to pay the full SS amount. I probably clear around 7k there. Pushing my NW to 60-70k. Then the next year I start working a year round job junior year (rising senior). I am ahead on my credits again so I work 25-30 hours a week during senior year and full time during the school year. I pull down around 37k over that summer senior year. Pushing my NW to ~ 110k. I graduate around 110k NW, debt free with a job offering me a job package of ~110k a year at 22 and sending me to get my MSEE. I work that summer and save another 15k. I go into graduate school with ~120k or so in the bank. I move to another state for graduate school get a large fellowship + a portion of my salary to go to school. Finish the school year and work 1 more summer and here I am. 23 ~ NW about 140k going into my final semester of grad school.
I’m also with you John, wondering how my life would have turned out if I went into Finance… (I’ll be finishing my mba with that focus and real estate though so perhaps later in life I’ll find out). There are plenty of opportunities to crush it out there folks. However, be weary of living in the Valley, cost of living will eat you alive. I know a few engineers I met when I was on my campus tour at Berkeley getting starting offers on their BS 105-115k + 40k in stock options at companies like Google, Microsoft, Apple… After you factor in costs you can’t save much so from building your NW I’m not sure that’s the best play…
Wealthy Affiliate has a fantastic training program and a super-supportive community. Help is accessible 24/7/365, and not just any help, but from the very top! The founders themselves are closely involved in creating the training, giving advice, being there to guide you through things that might be unclear to a newbie. Having had first-hand experience with the Wealthy Affiliates platform, I would too, recommend them to anyone seeking to start their own online business.
The following are not direct affiliate programs but are representative of the monetization networks and techniques that have worked relatively well to date. I am adding this to show you other ad networks in addition to AdSense which will allow you to monetize your blog. One network which I have tried but have not profited from so far is Media.net, a network which is getting mix reviews.
This is probably going to be controversial but a few months ago I remember someone saying that Google is now putting more weight on blogs and websites that have a unique approach. This makes sense. They don’t want all the results on the homepage to be review sites! Since hearing about this and implementing it on a few of my blogs I’ve noticed quite nice results. If you can go one step further and create a unique tool or app to add to the page you’re laughing.
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They say, if I invest 0.04 bitcoin (this seems to be their minimum threshold), I’ll receive 1 % of it daily. Sounds too good to be true. At the moment I don’t have any money so I’m thinking of borrowing from my relatives to proceed with the investment. So before I make any move, could you please advise whether or not to proceed with this site. Thank you in advance.
The reason I’ve put the “choosing your affiliate product” section before the “blog post writing and strategy” section is because it’s often really beneficial to know what affiliate keywords you’re going after before you start the blog. This gives you a good opportunity to craft the content and the tone of the discussion towards the promotion of the product in the reader’s “journey”.
Since I have used various affiliate programs and networks, it ‘s hard to offer an accurate report here, but I will use the report from my major affiliate program and calculate the earnings using that income. I will also share with you the related network names, which will help you to identify some affiliate networks that can work for you. You can also check out my earlier posts on Affiliate Programs for the WordPress Niche which will offer you a great list of affiliate programs.
A wise man once told me…, “It’s not what you know, it’s who you know.!” Networking is important, but how do you know, you are networking with appropriate people that want to see you make the same six ball park figures that they do, you then become competition, and unless they are frequently throwing you under the bus. I don’t really see networking as the great ideal, education is important but whose to say you might not be educated in a particular area, to keep what you have worked so hard for, I see this article as a hit and miss, and unless you can stay “Motivated” which can be extremely difficult in some cases, What’s the real obstacle. I know this is possible, but I don’t think anywhere as much information that is needed. How ever if anyone has any idea of any jobs that a twenty-two year old can become employed in a short space of time and make $100,000-$250,000.00 please allow me to know.
I don’t have firsthand data but I believe you’d earn a similar amount working in investment banking as in Pet E for the first few years. However, you’d probably work up to twice the hours (60-80+ per week). If you do well and stay in the industry you could make an extremely high income…much more potential. Might have to go to a prestigious school and be at the top of your class however.
Hey Tom, thanks for this tutorial – it’s a good thing to get a tutorial like this from a trusted person like you and not from the thousands of (sometimes) confusing articles about passive income/affiliate marketing/clickfunnels and what not that I come across from time to time, I am making a living as a web designer and I have been thinking of pivoting from design and creative work to focus on passive income but didn’t know where to start. This is the perfect foundation article I have seen so far and I ‘d like to ask if you have any further reading/guides/videos on affiliate marketing that you’d recommend. I like to do my deep research before starting :) One more thing, there are some broken or missing images in this article, it could be my browser but check from your side too because there are quite a few images (e.g your Mercedes) that are missing. Thanks
Childcare requires a great deal of attention. That is why most mothers quit the workforce temporarily for the sake of taking care of their loved young ones. This notwithstanding, it is still possible for such mothers to make extra income. This scheme allows them to do just that. It is non-invasive and hence less likely to interfere with the sacred task of childbearing.
Before jumping into starting an affiliate marketing business, learn all that's involved in making it a success. More importantly, if you decide to pursue an affiliate marketing business, or want to add affiliate marketing to an existing business, understand that it's not fast, automatic, nor without effort. Like all home businesses, you need a plan and daily involvement to make money with an online affiliate marketing.
I am a recent graduate from college of business with an MIS degree. I am very fortunate to say that my starting salary is 70k. I truly believe that I have the capability to have a six figure salary in my 20’s (currently 22). I loved this article and the comment section. Aside of what the article has mentioned any tips/advice from someone who can help me add an additional 50k to what I will be making? I’m sure that I will have a side hustle or start a small business while working my full-time job but I’m perfectly fine with that.
I think you should add major sports league before you add classical music as one of these high paying jobs. It’s similar, people don’t do music/sports for money! But people do it for the love of it AND the money it brings at the very very top of the industry! In sports it is millions of $, in the case of symphony orchestra, it is 100k+. I work in the industry and it is misleading to list it along with other jobs in your post.
There's a reason why the first two editions of this book havesold thousands of copies worldwide. Written by two of the world'smost successful bloggers, it's one of the clearest books out thereon how to earn an income from your blog. This new edition gets youup to date on the very latest changes that affect theblogging-for-business landscape. Featuring new material on Twitter,Facebook, and LinkedIn; plus new ways and tools to grow youraudience and expand your business beyond your blog, thisprofessional blogger's bible is better than ever.
Perhaps; I think a larger reason for why there are so few $100,000 earners is due to relatively difficulty in getting a job that pays that much (or creating income source(s) to generate that level of income) as compared to a less than $100,000 a year position. I also think there’s more than a few people who happen to gravitate toward professions that don’t pay such high salaries; if you are a kindergarten teacher, and get a lot of personal satisfaction out of your job, you might have no desire to go back to school to become, say, a venture capitalist. The fact of the matter is that not every profession we as a society need pays more than $100,000 a year; which is probably good, because if they did, prices would adjust to the point that you’d need to earn $1,000,000 a year just to be upper middle class.
The sub-title of the book is "Secrets for Blogging Your Way to a Six-Figure Income," so I was expecting the it to be mostly a "I got rich blogging and here are the ways that you can get rich quickly, too" type of book, but getting rich quick was not really the main focus of the book. There are a few chapters on money-making blogging strategies, but the majority of the book is devoted to helping you figure out how to run an effective blog. In fact, throughout the book the authors stress that most successful/profitable blogs are the result of years of work.
Some—like coaching and tutoring—are fairly specific to our careers. Others, though, are things most people could pursue. As teachers, we also have the option of picking up extra work on occasion by joining various curriculum teams (Who am I kidding? This is very rarely ever a paid assignment.), subbing, or even proctoring tests on the weekend or over the summer. It all adds up.
I am age 34 , working as an accountant with annual income 85k per annum, due to monthly commitment on properties & car, left 1k for saving each month. May i know is there a better way to maximize my current reserves to 200k per annum as per your article? i’m happy to have at least 10k passive income every month without working soon as i’m planning to have kids and looking forward to enjoy the lovely time seeing them grow up without a job constraint
This is interesting to me because I just accepted a medical sales job with a great company and there is a lot of opportunity, however I left a job I really miss (didn’t realize how much I liked it until I left). Although the income potential is high in med sales, I’m really not liking the lifestyle of being on the road all the time. I also moved to a new place for the job and don’t know anyone so that doesn’t help either. Is it better to stick it out and see if something changes or accept that I made a career mistake and try to get out asap? I guess I get torn between going after a good opportunity vs going back to a job with less potential but maybe something I’d enjoy more.
The Cost of Living Index compares the cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods. According to Bankrate’s cost-of-living comparison calculator, you’d need to earn about $141,000 in Boston to have the equivalent of $100,000 in Houston. And if you were living on $100,000 per year in Memphis, Tennessee, you’d have to earn roughly a whopping $245,000 to maintain the same standard of living in parts of New York City. While salaries are often higher in cities with higher costs of living, they don’t always match up to provide the same quality of life.
Thanks John and Sam – I’ll shoot this one over to my 22 yr old daughter who is about to graduate with an applied math degree. She plans to work for technology companies, probably starting with data analysis and visualization, which will pay over $100k within a few yrs depending on how much she wants to work. There isn’t any reason she can’t earn over $100k by 25, esp with me to help her get in (I’m in the biz…for maybe a few more years). I’m quite curious to see what kind of lifestyle she chooses. She’s smart and a good communicator, but she definitely isn’t the one yelling, “how high?” when some life-hating micromanager screams “JUMP!” :-)
Hi John – thanks for the angle on applying applied math to the petroleum industry. I’ve been surprised at how disinterested my daughter’s math dept. seems to be in giving her tips like that to explore. Maybe I’m not all that surprised…in the west side of WA state a general apathy seems to have gradually settled in over the last few years like low fog on a cool morning. People just don’t seemed to stop caring about service…like they’re still doing their jobs but checked out at some point. They look at you with “gone fishing” signs in both eyes and leave their pride on the floor like a dropped fork. I’m not sure if others have noticed a similar change where they live – it aint a good sign socially or economically.
That was more words the I intended to tap out on my phone screen…probably because I’m hurtling through the dark in a bullet train somewhere between Tokyo and Aomori toward the tail end of 3 countries in three days on two sides of the Pacific Ocean (for fun, not work) and my time-warped brain dropped into story time. My wife just told me to eat my bento box meal. I’m getting old. :-)
LFA stands for Leave Fare Assistance and is given as a vacation bonus to employees. This is the assistance good companies provide to employees to travel away from their place of work for recreation and annual leave, a kind of subsidy if you want to call it that. The objective is to encourage high stress employees to rejuvenate their mind and body cells. [ http://docs.google.com/viewer?a=v&q=cache:j7Xuo2HcdLYJ:pakistanthinktank.org/v2/categoryblog/51-leave-fare-assistance%3Fformat%3Dpdf+Leave+Fare+Assistance&hl=en&gl=us&pid=bl&srcid=ADGEESjld_5u8Sin6L0x12lWCXMkIE2iPTHK6I6nOW8fvSUjIGy3PtMpvSLGy-BIaq5bSv_LALKicP7uBpd5qfNEUeF_VSnB1BxNA-vC3DBwTgLi3RhS1Py7m4h1UNZJUNs_T90tdJUI&sig=AHIEtbQUKx4OYMStxtP0IcSMmywpgpVIyg ] This is normally a taxable amount.
Make sure you have some sort of money maker on your website before you start promoting it. You could promote an affiliate product related to your site's topic, or you could use Google Adsense. Your goal is to get your site to make the most money possible, so if you have lots of ways to make money on your site, then you will most likely make lots of money.
So there we have it. Great grades, great schools, and working in particular industries will make you $100,000 a year in your 20s. This post names 30 firms which employ thousands combined and there are many more firms out there which pay just as well. The great thing is that if you stick it out at any of these firms for 10+ years, there’s a great chance you will be a millionaire in your 30s and a multi-millionaire in your 40s.
Also if you don’t have AP credits you can choose to cram in credit hours for a few semesters. It will take most your “fun” time, but you could essentially cut out a semester or two by sacrificing a little here and there. Shooting for 18 or more credit hours would be the goal. You could strategize it anyway you’d like. A couple semesters at 21 hours will really help you cut down your time in school. Now I didn’t employ this strategy but in hindsight I should have. I had a handful of business student friends that did this, and they seemed to have perfectly fine lives. They were even sighted at the occasional party or two, and were always happy.
The functional role people need to understand IT, but if they could code at the level of the technical role people, they would be doing that instead. You have the right idea – business analyst or QA. Go to college job fairs, even though you have already graduated and talk to the recruiters. Show the recruiters you have an analytical mind; dress sharp; have good examples of learning something new, recently.
Anyway, back to this program called the Seven Figure Franchise. There have been many affiliate programs that have come and gone over the years promising all sorts of wealth and prosparity. Now don’t get me wrong, I do believe that people make money with affiliate marketing, but like some of the people her have mentioned, you have to do it in the right way.