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Buy and sell domain names
Domain-for-sale. A domain name is just a website address (eg. ‘savethestudent.org’ or ‘mysite.co.uk’) and there are lots of extensions.
They cost as little as £1.99 to register with 123-reg.co.uk or GoDaddy.com yet premium domain names can fetch £1,000s if not millions when sold on. In 2007 VacationRentals.com went for a cool $35m!
Now you’re probably not going to come across anything like that, but you can still turn a quick profit with a bit of searching. The trick is to find available domain names which have some commercial value, snap them up and then list them for sale on a site like Sedo.com.
2. Affiliate Marketing
If you’ve got a good presence on social media or perhaps you even have a blog or website, you can start bringing in money immediately by promoting all sorts of companies, products, services and offers online.
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Affiliate Window logo Sign up as a publisher on the Awin network, check their offers blog or browse the merchant listings to find something you think your friends would be interested in, grab your affiliate link and share it. If someone buys (can be within up to 90 days) using your link you’ll make a nice commission.
To take it a step further, set up a website or a topical Facebook page and invite all your friends to join it and post your affiliate offers on there
3. Blogging
Start blogging and generating passive income? You need a website. It’s THE way to make money while you sleep.Starting a website with Blue host takes less than 20 minutes, costs hardly anything and can be done by an 82 year-old.
It only takes a bit of plugging on social media to get your first visitors, and there are plenty of ways to monetize your site.Save the Student is just one example of a successful website, started at university by Owen Burek in his first year, which has since grown into a full-time and sizable enterprise.
Read Ultimatedigit step-by-step guide on how to start a website in 20 minutes. It’s really one of the best assets you can have.
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