Advertising is a multi-billion dollar industry. However, advertisers are not the only ones who can make cash from advertising. College students put themselves through school by selling ads on their cars and clothing. Race car drivers and companies sell space on cars to advertisers. Revenues from these ads can generate a nice passive income. Some enterprising individuals are also using YouTube and other spaces online to offer advertising space.
It works very simply. First, you need to determine where you will sell advertising space. You can sell space on your t-shirts, on your blog, on your websites, or on your social networking pages. Next, you need to gather information about what would make your space attractive to advertisers. For example, if you want to sell advertising space on your car or clothing, are you out for a specific number of hours each day in specific situations where a specific demographic may see you? If you want to sell space on your blog, how many visitors do you get each day and each month? Can you gather demographic details about these visitors? This information will help advertisers make their decisions.
Next, you will need to decide how much you want to make with your advertising and how much to charge. You will then need to find advertisers. This is generally quite easy to do – you can advertise available space through your blog or online space or through the “business opportunities” section of your local newspaper.