One main goal of Walkabout Solopreneur is for IBMs* to create a website or blog to generate passive income. Once a product is developed and created, you’re not actively creating it anymore but promoting. You stand back and watch as people buy, and your bank account grows. But when you hear people talk about online passive income, they’re talking about a specific kind of business and specific kinds of products.
One of the most popular ways to earn income passively online is by starting a blog and monetizing it with affiliate links. You create a site about a topic you enjoy or have some knowledge about already. You add new content on a regular basis as you should with any blog. Then you sign up for affiliate programs for products or services related to your blog topic, and include affiliate links in your posts. You can also include links or banner ads in your WordPress blog sidebar for the affiliate programs.
A blog site is about as low-cost as you can get in terms of startup, and it can be quite low maintenance. Once you get your initial content up on the site, you can outsource new posts if you wish, or automate the creation of curated posts and video. So long as affiliate links are included, you can, in theory, watch your bank account grow while you travel the world in luxury.