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What are different techniques for generating tiny amounts of recurring passive revenue?

Bonus points if the techniques is not glamorous or web 2.0. Consider the success of things like Bingo Card Creator. Bonus points if the technique is more about marketing than technology.

Max Klein writes:

I once made a video hosting website and put 30 ninja videos on it. Adsense money was about $1 a day. I wrote a desktop software once, and priced it at $29.90. I sold one copy a month, which was terrible. That's $1 a day. It's really easy as a programmer to do something that makes $1 a day.

Now comes the trick: If you make 400 things making $1 a day, you will be making $12.000 a month.

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2 Answers

up vote 3 down vote accepted

Wow - there are a million things like that - welcome to the soft, seedy white underbelly of the internet!

There is a whole world of what is called affiliate marketing. Do a Google search for it and you'll find that there are companies that will pay you for obtaining a zip code, an email address, getting someone to sign up for a trial offer of something, etc. Big companies are Commission Junction, NeverBlue, and ClickBooth. There are literally hundreds of these.

Now, you need a place to get traffic / potential users / customers. This can range from PPC on Google / Yahoo / Bing, 'review' sites (for example, Netflix compared to Blockbuster, with an opportunity for the person reading the reviews to sign up for a trial of either offer) to YouTube videos with your web site on them, to media buys / banner ads, driving traffic through Craigslist (frowned upon, but done by some) - the list goes on and on.

Time for dinner - if there is interest on this thread I'll respond in more detail later. -e-

EDIT: Note that there are some ways to autocreate sites that do $1 a day (autoblogs with Adsense / banners, etc), but the bar should be higher for anything meaningful. My threshold was $50 / day / site when I was doing a lot of this. I've abandoned this approach to build a 'real' startup, but it is pretty easy for someone to build up a $100/day income leveraging traffic in a relatively targetted way from web 2.0 sites.

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Is affiliate marketing really passive income? I thought it was perpetual work. Looking forward to hearing more details. I've always been curious about what affiliate marketing is, exactly. – Joseph Turian Mar 19 '10 at 16:08
I guess that there are a few ways of looking at it. It is definitely possible to set up sites that run on autopilot, or mostly so. A couple of years ago I had about 20 sites generating 5K a month, with less than an hour's work of work a day for all of them combined (I didn't touch every site every day - once a week, or less, on average). – Ev Conrad Mar 19 '10 at 17:05

I think that the best thing to start with is something that you like doing. For example, if you like dressing up and fashion and you have an above average understanding, then start there because you already have an advantage. If you know about data mining, or improv or whatever, then focus on those things.

I'm personally not an affiliate marketing person, I prefer to just discover some type of software problem that at least one prototype person has, do a keyword search to make sure than more than 10.000 people search for this every month, and then write software for it. Something like accounting software or so on.

Michaud, the other guy does ebooks in some rare disease form. These are all products that bring value to peoples lives. If you write something like that, it will be relatively easy to sell. Don't try to do something you hate for the money, stay in an area you love.

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Thanks for the answer. Who is Michaud? – Joseph Turian Mar 19 '10 at 16:09

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