I’m looking to create a passive income for myself, whether this be buying and selling goods via eBay or using my existing skills to increase my earnings outside of my normal working hours.
My question is if you had £200 to help you start, what would you do?
Look into Affiliate Marketing; it may suit your goal. You’ll only need 1-2 hours a day, and you can focus on any niche.
What I would advise is to target a niche you’re already experienced in, provide actual value, identify a common problem encountered in your niche, come up with a solution, and promote that solution through an affiliate program.
I wouldn’t recommend going for paid advertising just yet; it’s not as straightforward as it sounds. I tried various methods in my first 3 years without making a sale. Once I understood how this business works and prioritized my audience’s benefit, it changed everything.
So, provide real value, even for free at first. Only promote products you’d buy yourself. If it requires a small investment upfront, don’t hesitate—it’s going to pay off. But don’t waste your money on online courses; they’re mostly trash.
Be patient, embrace failure, analyze, improve, and repeat. There’s no way you won’t succeed with this.
Wishing you the best of luck!
So, provide actual value, even for free at first, only promote something that you’d buy for yourself
This is some of the best advice I’ve encountered lately. Many get caught up in selling trendy products and neglect the importance of understanding their market.
@Peyton
I agree with this and am glad it’s the top comment. It should be stickied for anyone starting with less than $1000.
Is this subreddit finally warming up to Affiliate Marketing? Every time I suggest it, I get downvoted, and one guy promoting an e-book about passive income used to clash with me until he blocked me when I called him out for preying on this subreddit.
But yeah - affiliate marketing: value through content.
Start even if you may suck at first. My early monetized content was pretty rough—one take ramblings about products. A manufacturer liked my video, featured it, and it led to good engagement and views.
So just dive in. Find an affiliate program that aligns with your interests or something you’re eager to learn about. The beauty of affiliate marketing is that your efforts correlate with your earnings—you’ll invest significant work upfront with content creation, branding, and marketing efforts.
If you have the skills and personality, you might blow up, but even without that, you can still make decent income.
I wouldn’t spend it all immediately. What skills do you have? What are your interests? Consider those before figuring out how to monetize.
Two hundred pounds isn’t a lot, but it’s sufficient to explore side hustles. If you want to go the eBay route, try flipping items from thrift stores or online marketplaces. You could also invest in basic equipment or materials if you have a particular skill, like baking or crafting. YouTube has tons of tutorials for inspiration.
I started most of these with $0… These Are the Side Hustles That Made Me $750,000 - by Mike.
For eBay, $200 is plenty. You can also start by selling items you no longer need for free.
Good luck.
There are done-for-you digital products you can buy and resell for 100% or 80% profit. I started with €470 in May, and now I’m making €50k/month with MRR digital products.
Neve said:
There are done-for-you digital products you can buy and resell for 100% or 80% profit. I started with €470 in May, and now I’m making €50k/month with MRR digital products.
Could you elaborate on ‘digital products’? How did you scale from less than €1000 to €50,000 per month? Thanks.
@Lyle
Digital products are items you promote and sell online. I focus on courses, ebooks, guides, planners, journals, and mentorship. I use LinkedIn, TikTok, and email marketing.
Neve said:
@Lyle
Digital products are items you promote and sell online. I focus on courses, ebooks, guides, planners, journals, and mentorship. I use LinkedIn, TikTok, and email marketing.
Interesting! What do the courses cover?
Neve said:
@Lyle
Digital products are items you promote and sell online. I focus on courses, ebooks, guides, planners, journals, and mentorship. I use LinkedIn, TikTok, and email marketing.
And which platform do you use to sell the courses?
Looking for this answer too. Starting with $1000 and not interested in selling anything. Any help appreciated.
£200 is enough to buy a course on Udemy (a cheap course site) and apply what you’ve learned to make money. Alternatively, you could find instructional content on YouTube to teach a skill, then use Fiverr to create a website for £200 to promote what you learned. As you earn, reinvest in marketing; hopefully, something will work out for you!
@Toni
Could you clarify what you mean by ‘digital products’?
@Toni
Do you advertise to drive traffic to your Etsy shop? What do you typically sell?
@Toni
Would you be willing to share your Etsy shop link via DMs?
@Toni
What’s your average monthly income if you don’t mind sharing?
I would recommend investing in a quality course on affiliate marketing. Just be realistic and recognize that building it into a substantial income will take time and effort.
Also, be selective when choosing a course; 90% of those about affiliate marketing are a waste of time and money.