Unlocking the Potential of Passive Income.
Passive income allows earning money without being physically present at work. It is a type of income that is earned without active involvement in a business or trade. It is generated from assets such as rental properties, stocks, bonds, and other investments or creating digital products. There are also online options like affiliate sales.
• The benefits of passive income include lifted income limits, more free time for hobbies and family, the ability to pursue personal passions, more free time and sometimes a lack of company politics for those who just had enough of it.
- Passive income can offer financial stability, less stress and more freedom to choose how to spend your time. It can fund big financial goals like retirement or smaller ones, like debt repayment.
- To generate passive income, you must be willing to put in effort and time initially. Making passive income can be done in a variety of ways. I’m going to tell you about one specific way of doing it. The Affiliate Way. Affiliate sales are passive income generated when someone purchases after clicking a link or using a referral code that you can publish on a website, social media, video, email or podcast. That brings us to Affiliate Marketing.
Demystifying Affiliate Marketing: A Gateway to Passive Earnings
- What is affiliate marketing and how does it work –
- The thing is, affiliate marketing at its core is straightforward. There are a few terms that you will want to become familiar with.
- Affiliate (YOU). You are the affiliate, so you can join companies like Etsy, eBay, Walmart, and Amazon (and 10,000 others) and promote their products and services. When you join these companies’ Affiliate Programs, they will give you a specific “Affiliate link” that is exclusive to you and allows you to track all of the sales you generate.
- Affiliate Program (a company like Amazon). Most companies have an affiliate program, 99% of all of the brands in the world in fact can be promoted online and you, as an affiliate, can earn a commission. Amazon is one of the biggest affiliate programs in the world and will allow you to promote 100’s of MILLIONS of products, with a single account. Pretty awesome right?
- Earning Affiliate Commissions. Affiliate programs will give you a kickback if you can send people to their website, and they end up buying something. Say you send someone to Amazon through your affiliate link, and they end up buying a fridge, Amazon will pay you a % of the total sale. Amazon offers around 3-6% commissions, so a transaction like this may yield you $50-100 (depending on the price of the fridge). Depending on the company and affiliate program, they will typically pay between 2% and 75% in commissions.
- Unlimited Potential. As an affiliate marketer, your potential has no limit. The more people you can get buying through your affiliate links, the more money you make. Many affiliate marketers make several million dollars per year, and this can be a reality for anyone willing to put forth the effort to build an affiliate marketing business.
- But HOW do you build an affiliate marketing business? Firstly, choose the right Platform.
The importance of choosing the right platform for affiliate marketing
- Choose a platform that guides you, educates you, supports you and walks with you all the way. That’s why I’m going to introduce you to Wealthy Affiliate and suggest that you put them to the test. Follow this link to success on your road to passive income: