Inflation has taken over the world by a hit, and we all are part of that for sure.
The purchasing power of money comes down every year due to inflation. Whether you are doing a job or running a business, it is always great to have another source of income to ensure financial security. If you can make it a passive income source, it is the best option, as it will require minimal effort from your side.
Passive income can let you earn money even when you are taking a nap or are soundly asleep by putting in little or no extra effort. A passive income establishes the much-needed additional financial freedom and reduces the pressure of your office workload. And if you already have one, it would not hurt to have another one.
Passive income can be a valuable asset making the middle-class rich and the rich more prosperous. If followed with diligence and utmost dedication, it can make richer the richest. It works as a backup or retirement plan with enough funds and ensures a future for yourself and your loved ones without any financial compromises. Additionally, it is always great to have some extra money in your pocket.
Passive Income Sources
There are plenty of passive income sources that you can use to generate some extra funds. Some of the most popular ones are selling digital assets like online courses and ebooks, blogging, affiliate marketing, and many more.
One of the best ways to generate a passive income is affiliate marketing.
Affiliate marketing is nothing but a technique by which you can earn some percentage of money by marketing and promoting a product for another person or a company. Here, you only have to focus on your domain, marketing, development, or advertising, and you get paid for what you do.
It is an excellent way to generate some passive income because of the following reasons:
- You can work at your desired time from home or any part of the world since everything is online. The only initial investment required is time.
- It is a low-risk venture to get into as it is cost-effective and does not require any initial amount to start with.
- The rewards (income) you get are performance-based. The better you perform, the more the reward you get. In short, you reap what you sow.
- There is no need to develop your product. Here the product is already available, and you only need to promote it.
- No qualification or technical knowledge is required to start.
Affiliate Marketing is not only for affiliate marketers. It is a fantastic opportunity for every individual out there in different fields. If you are familiar with the products and have the right quality to market the product, then you can make a handsome amount through affiliate marketing.
Affiliate Programs for API Developers
Here, we will talk about some affiliate programs for API developers.
Developers can highly benefit from affiliate marketing by using API platform affiliate programs. Some of the benefits are:
- Using APIs will authorize the developers to connect and work uninterruptedly with the advertisers without going through any second channels. This will diminish the manual workload, and the work will be smoothly carried out.
- APIs will provide high-precision data. It will also provide the affiliates with access to a humongous amount of data within a short period.
- Data will remain safe and secure using an API key that cannot be compromised.
- You need to enter the data manually only once. After that, it gets updated automatically by using the API keys.
According to your desires and fulfilments, you can either make affiliate marketing your passive income source or a primary income source.
Let us explore some API providers who run affiliate programs from which developers can make money.
ChangeNOW is one of the most prominent crypto instant exchange platforms worldwide. Its ecosystem includes various crypto services such as mobile exchange, and digital wallet as well as an outstanding affiliate program and numerous B2B solutions.
ChangeNOW’s affiliate program offers the most trouble-free way to make a profit: just choose one of the many solutions, and receive a commission from every transaction your audience makes through the chosen tool.
The exchange API is a great tool for crypto-oriented app and website developers, media, and bloggers. The service will greatly expand the functionality of the partner’s product by letting their users buy, sell, and swap crypto on favorable terms. By integrating API, you will automatically join the affiliate program and receive up to 1.8% back from every transaction made through your platform.
Other B2B solutions include a customizable exchange widget, a plugin for WordPress for website owners, and referral links through which you will also be able to earn a certain percentage from crypto exchanges.
Some of the affiliate program benefits include fast integration (from 2 hours to 1 week), a flexible commission system (you can set up a fee from 0 to 1.8%), a personal account manager and 24/7 customer support, a wide range of tools both for novice users and experienced developers.
ScrapingBee is a web scrapping API that provides affiliate programs from the API platform. The API it uses is straightforward to use and understand. It gives you a chance to earn a 25% commission by joining its referral program. You can join the program if you are a freelancer, create blogs related to programming on your own, or work for a software agency involved in web scrapping activities.
It makes the web implementation easy since it has code samples in every language like Java, Python, PHP, and more. You can also promote ScrapingBee by blog posts, adding a link to newsletters, or using banner ads on the website.
Promoting ScrapingBee is pretty easy as there are plenty of options. You can create an account on different social media platforms as a developer and promote ScrapingBee over there.
Apify is a complete, customized, and automated web solution. It is open to everyone and will let you automate the dull and time-consuming tasks on the web, taking the additional day load off your shoulders.
It has a fast, automatic, and user-friendly data scrapping and web integration, which otherwise proves to be very costly and unproductive because of manual work and scaling issues.
You can earn up to 20% of the recurring commission on each referral via an affiliate link. There is no limit to the amount you can earn through affiliate marketing on this platform.
The dashboard lets the user track the work, and the proxy feature works adequately with excellent customer support. The possible audience may range from freelance developers and mini startups to huge companies and help you give a thrust to your revenue.
Zyte is an advancing affiliate marketing API platform to get going with your side hustle. It provides the first-timers with a 1-month free access to the smart proxy manager for you to create unique content, helping you scale your web scraping and letting you earn up to 50% commission on sales up to $1000.
The customer support team is active and responds to your queries in a short period with a customer-centric approach. It provides the users with automatic data extraction without writing code and uses machine learning to select the most favorable IP address for a specific website.
Zyte is result-driven, and its proxy server is one of the most used and efficient servers when compared across various ranges of API platforms.
Octoparse is one of the growing affiliate API platforms and is among the best tools to earn a passive income. Here, you can earn up to 15% of the commission on each referral when a customer signs up and buys the plan via your link. Octoparse provides users with unlimited referrals.
It will provide you with a code and a unique link when you become an affiliate marketer after taking up its affiliate program.
Developer’s work is made easy since Octoparse has a cloud platform supported by hundreds of servers allowing users to extract data quickly and is stored in the same cloud. On top of that, it can be accessed from any machine at your date and time by scheduling the process.
Abstract is another API platform for affiliate programs to earn a commission of up to $500 per month. You will access already published affiliate newsletters, HTML code, and tracking codes for free coupons and deals by enrolling in the affiliation program.
Here, the maintenance and updating of the site is the user’s responsibility. Its web scraping API helps you extract the data from any website via millions of proxies available at your disposal.
The pricing for the program is nominal. It is simple and has high transparency to match its counterpart platforms.
Hunter aims to empower professionals with the power to generate and nurture connections with people by hunting for email addresses from different companies, and the approach is highly user-oriented.
The platform gives you a chance of earning up to 30% of recurring revenue share inside the first year of becoming an affiliate partner after taking up the program to get you started. So, this is definitely an excellent opportunity to earn some extra funds. You can get your payment after 45 days via PayPal after every successful referral conversion.
The subscription charges are billed monthly or yearly according to the choice selected by the user on Hunter.
CoinMarketCap is one of the most referred price-tracking companies for crypto assets in the crypto space, and the mission is to provide quality and accurate crypto data in time.
The affiliation program on CoinMarketCap grants the user to create and establish a unique affiliate referral link. But for you to possess a referral link, you need to have 200 diamonds in your account.
Here, you get rewarded with 20 diamonds only when the person whom you have referred reaches 100 diamonds. The service is strictly restricted to personal use only unless you agree to commercial use.
Passive income from being an affiliate marketer can prove very beneficial. It also provides an extra boost to your financial stability and plans for future savings. Depending on your interest, needs, and time management, you can start as an affiliate as a part-time side hustle or even as a full-time venture. It is essential to choose the correct platform to avoid any hesitations in the future.
The above-listed platforms have high user reviews and excellent APIs, software, and proxy manager servers to carry out the tasks effectively.
You may also be interested in Chat and Helpdesk Affiliate Programs.
Since there's no cost to join affiliate programs, you can start making money with an established affiliate product or service without any upfront investment. Affiliate marketing can also generate relatively passive income through commission—the ideal money-making scenario.Can you make money with affiliate programs? ›
Since there's no cost to join affiliate programs, you can start making money with an established affiliate product or service without any upfront investment. Affiliate marketing can also generate relatively passive income through commission—the ideal money-making scenario.What is API affiliate? ›
Affiliate Programs for API Developers
Using APIs will authorize the developers to connect and work uninterruptedly with the advertisers without going through any second channels. This will diminish the manual workload, and the work will be smoothly carried out. APIs will provide high-precision data.
Charging for API access
One of the most common ways businesses make money from API is by charging for access to their API. It can do it through a subscription model, where users pay a fee to access the API monthly or annually.
Affiliate marketing can be lucrative, but it takes a commitment of time and money to make it a real business. Do thorough research before you jump on the affiliate-marketing bandwagon. Also, remember to avoid putting all your eggs in one basket.Can you make $10000 a month with affiliate marketing? ›
You can run ads on platforms like Google AdWords, Facebook Ads, and Instagram Ads to promote your affiliate products to a wider audience. This is how you make $10,000 a month with affiliate marketing. If you decide to build an affiliate marketing business, remember that it is not a way to get-rich-quick.How much do Amazon affiliates make? ›
Amazon affiliates get paid $100 to $20,000 in the Amazon affiliates program on average. The payments will depend on how many referrals you generate for Amazon. The Amazon affiliates program runs on a commission basis, which means you make a percentage of every sale you commission.How to do API work? ›
- Select an API. First things first, you'll want to find an API you could incorporate into your business. ...
- Get an API key. ...
- Review the API documentation. ...
- Write a request to an endpoint. ...
- Connect your app.
APIs are mechanisms that enable two software components to communicate with each other using a set of definitions and protocols. For example, the weather bureau's software system contains daily weather data. The weather app on your phone “talks” to this system via APIs and shows you daily weather updates on your phone.What is API monetization? ›
API monetization is a way that businesses can use APIs to make money, either directly or indirectly. A variety of API monetization models exists, from pay-as-you-go to monthly/annual billing to “bucket” purchases of API transactions to be consumed over time.
$106,500 is the 25th percentile. Salaries below this are outliers. $146,000 is the 75th percentile.What is the salary of an API developer? ›
|Srijan Technologies API Developer Salary 2-4 yrs exp||₹ 7.4L (₹5 - ₹8.5) L|
|Altimetrik API Developer Salary 4 yrs exp||₹ 14.3L (₹11 - ₹18) L|
|Nelito System API Developer Salary 1-3 yrs exp||₹ 2.6L (₹2.5 - ₹2.6) L|
|Verizon API Developer Salary 2-3 yrs exp||₹ 2.6L (₹2 - ₹3.5) L|
This can be done by listing it on an API marketplace, building a website and marketing around it, or many other ways you'd normally promote a product. Once you've attracted some developers, making the API onboarding process is crucial for getting developers to use your service.How much can a beginner affiliate make? ›
According to him, affiliate income categories can be classified into four: Beginner – $0 to $1,000 per month. Intermediate – $1,000 to $10,000 monthly. Advanced – $10,000 to $100,000 per month.Do you need an LLC for affiliate marketing? ›
Do you need a company for affiliate marketing? Some affiliate networks don't require marketers to have a company. However, your personal assets aren't protected unless you form a Limited Liability Company (LLC) or Corporation.Who is the most successful affiliate marketer? ›
- John Chow. John Chow is one of the most well-known names in affiliate marketing and has been building his business since 1999. ...
- Pat Flynn. ...
- Jeremy Shoemaker. ...
- Darren Rowse. ...
- Finch Sells. ...
- Rafael Zelik. ...
- Missy Ward. ...
- Kirsty McCubbin.
With the rise of micro-influencers, even accounts with less than 2,000 followers can become great affiliates. However, a good number is 5,000 to 15,000 followers to expect a substantial sale from affiliate marketing. At the end of the day, look for high engagement rate vs. the number of followers.How much money do you need to be successful in affiliate marketing? ›
In general, there is no set number of how much money you need to become successful in affiliate marketing. $3000 for traffic + $500 for additional tools is a solid monthly budget that should help you grow from a beginner to an intermediate-level affiliate.Do you have to get 50 followers in a month for affiliate? ›
Joining the Affiliate Program
The requirements to join the Affiliate Program are as follows: Reach 50 Followers. Stream for 8 hours. Stream on 7 different days.
Your social network page or group must be established, with a substantive number of organic followers/likes (in most cases, at least 500).
It'll usually take 1 to 3 days to get news from Amazon on whether you've been approved to become an associate. Once you become an Amazon associate, you have 180 days to make a sale. If no one purchases a product from your affiliate link for 180 days, your account will be closed.Does Amazon affiliate pay daily? ›
We pay you commission income on a monthly basis. Approximately 60 days after the end of each month, we will either send you a cheque, send you an Amazon Gift Certificate or deposit your commissions directly into your bank account.What are the 4 types of API? ›
- Monolithic APIs. Most public APIs are monolithic APIs, meaning they are architected as a single, coherent codebase providing access to a complex data source. ...
- Microservices APIs. ...
- Composite APIs. ...
- Unified APIs.
- Determine Your Requirements. First, you'll need to determine your API requirements. ...
- Design Your API. Next, you'll need to consider API design. ...
- Develop Your API. Now, it's time to start developing your API product. ...
- Test Your API. ...
- Publish/Deploy Your API. ...
- Monitor Your API.
Creating your own APIs can seem daunting if you're new to the practice, but sticking to a design-first approach will keep you on the right track. A simple three-step process—design, verify, code—can increase your chances of building an API that benefits the people who use it.What is an API for beginners? ›
What is an API for a beginner? An API key for beginners is a set of methods and functions that an app or program uses to communicate with another app or program. They are also known as "methods" in computer science. Users can use an API to obtain information from other programs, get data, and more.What is a real example of an API? ›
Weather data is a popular API example that we come across regularly. Rich weather snippets appear ubiquitous, appearing on all platforms such as Google Search, Apple's Weather app, and even your smart home device.Which API is used the most? ›
As part of my market research, I was wondering which are the most popular APIs in the world in 2021. As you might know, there are 2 main online repositories of APIs: RapidAPI.com and ProgrammableWeb. ProgrammableWeb is currently the largest API directory you can find on the web, feat over 24,095 APIs!Is monetization making money? ›
"Monetize" refers to the process of turning a non-revenue-generating item into cash. In many cases, monetization looks to novel methods of creating income from new sources, such as embedding ad revenues inside of social media video clips to pay content creators.What is API Creator? ›
Live API Creator provides a comprehensive set of tools that is used to meet enterprise application backend needs: security, data integration, business logic, robust APIs and support for modern communication protocols such as Kafka, MQTT, JMS, and RabbitMQ.
Api Tester salary in India ranges between ₹ 2.5 Lakhs to ₹ 8.6 Lakhs with an average annual salary of ₹ 4.5 Lakhs. Salary estimates are based on 62 latest salaries received from Api Testers.How much does an API Developer earn in USA? ›
While ZipRecruiter is seeing annual salaries as high as $190,500 and as low as $28,500, the majority of Rest Api Developer salaries currently range between $106,500 (25th percentile) to $146,000 (75th percentile) with top earners (90th percentile) making $180,000 annually across the United States.How do I become an API Developer? ›
Good Programming Knowledge
Great API developers need to understand and use different programming languages effectively. They also need to know how API management tools work, help organizations in choosing the right tools, and train other stakeholders on how to effectively use them.
This estimated average salary is based on the expected salaries of 250,000+ Arc Developers. Remote Amazon Web Service developer salaries in the U.S. start from $91,414 to $136,018+. They are among the highest software developer salaries in the world.Is API developer a good career? ›
The role of an API developer is ever-expanding, as they have to be open to constantly learning from the engineering and business stakeholders across teams, companies and ecosystems.How difficult is API development? ›
Complicated as it may sound, creating a basic API service is actually quite easy. Snippet below defines an API service using Python and Flask that allows everyone to retrieve a predefined list of users: If you are merely prototyping, such a basic API service would suffice.Is API business profitable? ›
The Indian API market is anticipated to increase at a CAGR of 13.7 per cent during the first four years – about 8 per cent higher than the generic API industry. The Indian API space has become lucrative for several investors and venture capitalists.Do you need a license to use an API? ›
An API license agreement, or Application Programming Interface agreement, is a legal contract that governs the use of APIs between the licensor and other developers or users who want to use the API. Generally, this agreement includes terms that heavily favor the licensor.Does making an API cost money? ›
How Much Does an API Cost to Build? On average, it costs $20,000 to build a relatively simple API. This figure assumes that you're building a secure, documented, fully-featured API with the services of an experienced API developer based in the United States.How do I become an affiliate with no money? ›
- Find an affiliate program and a niche.
- Decide your traffic channels.
- Target the right keywords.
- Create killer content that builds trust.
- Promote hard and grow your audience.
- Engage with your audience.
- Scale it up.
Affiliate marketing is a low-risk, easy-to-scale business model that enables you to make money online by creating promotional content. Fortunately, affiliate marketing doesn't require advanced technical knowledge or a large budget. Once you have a niche and a platform, research affiliate programs to join.Which affiliate program is the best? ›
- Amazon Associates. It is the best affiliate marketing platform for beginners as you need not worry about reaching a certain amount of sales volume for earning a higher commission. ...
- Awin. ...
- Flipkart Affiliate. ...
- Reseller Club. ...
- BigRock Affiliate. ...
- ClickBank. ...
- Optimise. ...
To do their taxes, brands will need to fill out a Form 1099-NEC for each affiliate that earned more than $600 in the tax year. However, if you are late with payments, you may not be able to calculate how much money you have spent on each affiliate on time.Can I be an affiliate marketer without a website? ›
In short, yes. It's definitely possible to start affiliate marketing without a website. In fact, there are different types of affiliate marketing, and although the one with a website is amongst the most popular, it's most certainly not the only one. Making money with affiliate marketing has a simple process.Do I need an EIN to be an affiliate marketer? ›
If you want to do affiliate marketing as an official business, you'll need a business EIN. You'll need it to form a sole proprietorship, LLC, or S-Corp. The latter two offer certain protections and tax benefits that make them desirable to sign up as.What is the highest paying affiliate niche? ›
Technology. Technology is one of the broadest, most profitable, and best niches for affiliate marketing. The global technology market is projected to reach over $5.5 billion in 2023, and consumers from the United States account for nearly one-third of the global tech market.Can affiliate marketing make you a millionaire? ›
Before we start, let's get this loud and clear that affiliate marketing doesn't make you a millionaire overnight. Those who are successful today have put considerable amount of time and effort with consistency to reach where they are.How much can you make from affiliates? ›
Revenue is how much money a business makes before expenses are taken out. Net profit is how much it makes after expenses are accounted for. So profit is your actual take-home amount that your business produced for the year. That's why I say most affiliate marketers make between $30K–$50K annually.
If you're looking for a great way to make money online, affiliate marketing is a great option. Its a simple business model that anyone can do and it doesn't require a lot of start-up capital. Plus, its a great way to earn passive income.What is the average affiliate payout? ›
Percentage commissions are most common in affiliate programs, and the average affiliate commission rate is between 5–30%. If you sell a variety of products, percentage commissions may motivate affiliates to promote the products that lead to a higher average order value.
Yes, affiliate marketing courses are usually worth their price since they enable you to pick up the necessary skills early before creating your first website. They also let you save money and time by learning from other people's mistakes.Do affiliates get paid monthly? ›
Most affiliate programs pay their affiliates once a month, but some also pay only when the affiliate's net earnings exceed a certain level. The most common affiliate payouts are: Once a month, on the 1st date of the month.Is it hard to do affiliate marketing? ›
Affiliate marketing is a skilled practice, and learning the ropes can be a slow, hard slog. So be prepared to spend a lot of time, rather than a lot of money, at the start of your affiliate career.How much do beginner affiliate marketers make a month? ›
Categorizing Affiliate Marketers by Earnings
Beginner – $0 to $1000/per month. Intermediate $1000 to $10,000/per month. Advanced – 10k to $100k/per month. Super Affiliate – $100k+/per month.
According to him, affiliate income categories can be classified into four: Beginner – $0 to $1,000 per month. Intermediate – $1,000 to $10,000 monthly. Advanced – $10,000 to $100,000 per month.Can you start affiliate marketing with no money? ›
Affiliate marketing has long been known as a lucrative business model, but many believe that it requires hefty initial investments. However, that's far from the truth. In fact, with just a laptop and a stable internet connection, you can start earning without breaking the bank.Is the $7 affiliate marketing course worth it? ›
For $7 though, it does a good job of showing you the basic principles of affiliate marketing. You'll also be given the opportunity to partner with Zach Crawford as an affiliate, so there's scope to earn while you learn, so to speak. You can earn up to $1000 high ticket commissions at this level.What is better than affiliate marketing? ›
In a dropshipping business, you will have a higher chance to attract customers and make them repurchase your products compared to affiliate marketing. It also allows you to sell various products worldwide, reaching a wider audience.