Income from side hustles is a great way to increase your investment portfolio. A side hustle can be anything that is not related with your employment salary. Anything you earn except your salary can be considered as a side hustle. It can be selling products in Amazon, eBay, Etsy, flipping cars, flipping houses, selling an online digital course or earn commissions through affiliate marketing.
What is affiliate marketing? Affiliate marketing is the process by which an affiliate(you) earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another.
Why did I choose affiliate marketing as my side hustle? Because it’s very easy to start and low cost. You don’t need to hold inventory or build an online shop. You just promote products and services. Some people promote affiliate products through their social media accounts like Facebook, Instagram, Pinterest, and TikTok. Or you can build a blog as I did. My cost to build this blog was around $200 (domain + hosting).
Today is a very important day for beyourwealth.com. I earned my first affiliate commission from Amazon! It’s not much, it’s just £2 ($2.70)! But the feeling is just great. As you can see I promote some books on my blog. These books are affiliate links for Amazon. Don’t get me wrong. I would never promote something if I didn’t believe it can bring value to your life. One of my readers clicked one of the links below. The reader actually didn’t buy one of these books, but instead bought something else. Amazon still credited me the commission since the buyer went to amazon through my blog. I would prefer if the reader would actually buy one of the books I promote but you never know, he/she might return to amazon and buy one of the books or go to the local bookstore.
Think and Grow Rich | Buy on Amazon
The little book of common sense investing | Buy on Amazon
I Will Teach You To Be Rich | Buy on Amazon
The Intelligent Investor | Buy on Amazon
A Wealth of Common Sense | Buy on Amazon
Why did I choose to partner with Amazon? Because everyone trusts Amazon and already buying from there. Probably I will partner with more merchants in the future only if I trust them and they can offer quality products and services to my audience.
Why did I start this blog? Two important reasons.
1. To help people understand that investing is simple and its easily accessible nowadays from your smartphone. Yes, it’s that easy. You just open an account with a broker, deposit some money and start investing. Check my blog post on How To Start Investing with Little Money and The Ultimate Long term Investment Strategy In The Stock Market
2. To earn more income so I can invest more money. The more you invest the more you earn. Simple as that. And one of the best ways to start investing is with M1Finance
As i see it i’s a win win situation. Helping people get financially literate so they can increase their income and investments, and Me earning side hustle income from doing that. It’s priceless, and it feels good.
That’s it for today. I just wanted to share with you my first commission from affiliate marketing 🙂
Merry Christmas and a happy New Year!