- How it works: You promote a company’s products (on a blog, social media, or website). When someone buys through your special link (affiliate link), you get a commission.
- Where the automation is: Once the content (reviews, guides) is created and the links are placed, it’s working for you. Tracking and commission payments can be automated.
- Initial efforts: Build trust in a niche, create quality content, and drive traffic.
Selling digital products:
- How it works: You create and sell digital products like ebooks, online courses, software, templates, and graphics.
- Where the automation is: Once the product is created and set up on a sales page (e.g., Gumroad, Teachable, Etsy), purchasing and delivery can be fully automated.
- Initial effort: creating a high-quality product, marketing, and setting up a sales funnel.
Advertising Income (AdSense/Other Ad Networks):
- How it works: You display ads on your website, blog, or YouTube channel. You get paid when visitors view or click on the ads.
- Where the automation is: Display of ads and click tracking is automated. Payments can also be automated.
- Initial efforts: building a website/channel with traffic, creating quality content, and getting approval from ad networks.
Print-on-Demand (POD):
- How it works: You create designs (like t-shirts, mugs, and posters) and put them on platforms like Redbubble, Teespring, and Amazon Merch. When someone orders, the platform makes the product, ships it, and pays you a commission.
- Where the automation is: Sales, fulfillment, and payment processing are automated.
- Initial efforts: creating unique and marketable designs, optimizing product listings.
Investing in dividend stocks or index funds:
- How it works: You buy shares in companies that distribute a portion of their profits to shareholders as dividends. Index funds can also pay dividends.
- Where the automation is: Dividends come into your account automatically. You can automate reinvestment using a DRIP (dividend reinvestment plan).
- Initial effort: raising capital, doing research, investing. This income starts small and grows over time.