I am a small business owner; I own a brewery. When COVID-19 hit, everything with my business was turned completely upside down. Nobody knows how long it will last, so I started to search for extra income ideas. In this day in age, very few people are getting ahead in life on a single job, or if you are married on two jobs. Gone are the days when one salary could support a family. What are some extra income ideas to help get ahead financially?
Affiliate Marketing For Extra Income
For myself, I have decided to start affiliate marketing for methods of extra income. If you’re unsure what affiliate marketing is, you can check out my article on what affiliate marketing is. Affiliate marketing works really well for my schedule, and I imagine it would work really well for many people right now, and I’ll explain.
Affiliate marketing, for the most part, is writing about or promoting what you are passionate about. For myself, I own a brewery, and I brew beer, so that is something I know a lot about. I started writing about brewing beer, all aspects of it, where I source my hops, grain, labels, cans, and everything. There are over 10,000 people a month looking for answers to what I am writing about. I don’t have all the answers in life. However, I do know a lot about running small microbrewery operations.
While I’m at the brewery and brewing beer, I can have an hour here or there while waiting for the next step in the process. What I will do within that hour is write about the brewing process. Yesterday while I was brewing beer, I was writing about how having the ability to package your beer in cans is critical for survival right now.
I have also written about all the various canners that I have worked with. What made one canner better than the other? Reviewed all the pricing, models, manufacturers, and my recommendation. I was able to do this while I was at work, and it didn’t take long because I was writing about things I am knowledgeable and passionate about.
Affiliate Marketing At Home
Other times I’m writing or being an affiliate marketer at home. My wife and I have a two-year-old. Every Night we have a bedtime routine, and at the end of it, my wife stays with my daughter until she falls asleep. After falling asleep, I am free from about 8 PM until I sleep at 11 PM. There isn’t much to do when at night when you have toddlers, and also when COVID-19 is around.
What I do during that time is write, and I affiliate market. I’ll write more articles, either about brewing beer, affiliate marketing, small business operations, really anything that I’m passionate about. I try to write a few articles a week those are my extra income ideas.
When you look at your schedule, I bet anyone could find 2 hours a day to write about what they are passionate about. Affiliate marketing is perfect because you are not tied to any one’s schedule, you do it when you can, and it is probably the most proven online extra income idea around. However, how do you make money doing it?
How Do You Do Money Writing?
Making Money Writing About Products
You might be asking yourself, how do I make money writing about brewing. There are many ways to make money with affiliate marketing; you can read another article I wrote about how to make money in 2020.
I’ll give you examples of how I make money writing about brewing beer.
My brewery has a taproom, and we staff it with roughly 8 to 10 people working throughout the week. When we first started to staff the taproom, I hated trying to schedule everyone, there was always a conflict, and it was becoming an issue. I went out and purchased an app called 7Shifts. 7 shifts is an amazing scheduling tool that made my life so simple.
I honestly love the application and write about how useful it was for my brewery. I have an affiliate link with 7shifts, so anytime someone reads my article, clicks on 7 shifts, and purchases the product, I get a sales commission from it. They pay out $50.00 per yearly subscription, and I get roughly 6 people a month buying a subscription to 7 shirts. I make around $300.00 a month on one article I wrote about a year ago.
$300.00 might not seem like a ton of money to make; however, the article took me around 4 hours to write, and it’s one article. I have almost 100 articles highlight various programs that are out there and beneficial to the brewing community. As time goes on and you continue to write more and more, the potential for sales increases more and more.
Making Money Selling Products
Another way you can make money or earn extra income is by selling products. To give you an example of the brewing operations again.
I sell digital downloads of excel sheets I put together that are focused and geared around the brewing community. Some examples of excel sheets that I have put together are the following:
- Recipe Sheets
- Costing Models for Different Beers
- Income Statement / Cash flow Statements
- Distribution Pricing Models
These are all models and sheets that I have put together over the years and many others. They are super useful to me, and other people really like them as well. I sell those digital products for anywhere from $10 – $50 depending on the complexity of the excel sheets.
I sell at least 20 digital products a month, again not a whole ton, but my site is still only 1 year old. About my digital sales, I can make roughly $400.00 a month on it. Just think about that, I put these sheets together for my business, and because they are useful to other people, I can make over $4,500 a year selling something I already made. That is an amazing Extra Income Idea!
How Long Does It Take To Start Making Money?
When you are looking at extra income ideas, it is very understandable to ask how long it will take to make money. Affiliate Marketing is not a get-rich-quick scheme. It takes time, just like starting any business. It will take about a year to start seeing some revenues come in.
The important aspect of affiliate marketing is that you need traffic or people to stop by your website to make money. Search engines typically give the best ranking to established websites, so the longer you wait, the more you work on your website; over time, the more search engines will send you traffic. The more traffic they send you, the more money you make!
Affiliate Marketing is my retirement plan. All the money I make with affiliate marketing goes toward paying off my personal debt, as well as my retirement account. I work about 10 to 15 hours a week on my websites and my online business. Over months and months and months, I have seen a steady increase in traffic.
Summary of my Extra Income Ideas:
If you are looking for extra income ideas, think about affiliate marketing. I would say it is the most flexible additional job or business you can start. You can do it whenever you have free time, however, if you are incredibly business at some point, you can just leave it alone for months, and it will still be there when you get back.
Let me know if you have any questions about anything that I have discussed above, also; let me know your ideas. Thanks!
Disclosure: I only talk about my experience, what I’ve done, and what I’ve used, and I only endorse products that I genuinely believe in. However, some of these links in the article are affiliate links, which means that I will earn a commission if you try out these services and products. It won’t cost you anything additional, but it will help me and my family reach our dreams.