I know, it takes a lot of effort, time, dedication and hard work to build a successful and sustainable internet-based passive income. Perhaps the willingness to learn and adapt to changing market trends plays an important role too. Earlier today I asked ChatGPT about what type of internet-based business I can work on based on my skills. FYI, I told the AI platform that I am great at marketing and building an internet business.
This is the prompt I used in ChatGPT
I am searching for the best way to build a passive income business. I am good at marketing and building an internet-based business. What are some good internet-based businesses that you can recommend me to start?
And here’s the reply I got.
Given your skills in marketing and building internet-based businesses, here are some passive income business ideas that you may consider:
- Affiliate Marketing. You can promote products and services through your website, social media, or email marketing campaigns, and earn a commission on every sale made through your unique affiliate link.
- Dropshipping. You can set up an online store and sell products without keeping inventory or shipping products yourself. The manufacturer or supplier will handle the product storage and shipping while you focus on marketing and sales.
- Digital Products. You can create and sell digital products such as e-books, online courses, or software. Once the product is created, you can sell it repeatedly without any additional effort.
- Membership Website. You can create a membership website and offer exclusive content or services to subscribers for a monthly or yearly fee.
- Advertising Revenue. You can monetize your website or blog by displaying ads through Google AdSense, affiliate networks, or private advertisers. You earn a passive income every time a visitor clicks on the ad or makes a purchase through your affiliate link.
- Content Marketing Agency. You can start a content marketing agency and offer services like SEO, social media management, email marketing, and content creation to other businesses. Once you establish your agency and hire a team, you can take a back seat and enjoy passive income.
Except for the sixth item which I doubt it’ll work, the rest are okay. As a matter of fact, I am on the journey of building them. To tell you the truth, I don’t believe the marketing agency’s business model is sustainable. It has become nothing but a commodity now. The majority of those agencies out there can’t offer a real value that is unique as almost all of them are fighting mostly on pricing.
With this journey, I hope to see real-deal outcomes in the next 18 to 24 months. Or earlier.
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