How To Make Money Online as an Affiliate
You've probably heard the statistic that the average millionaire has not one but seven different sources of income to make money. Well said, but it's true! Having multiple sources of income (by not being 100% dependent on one source) allows him to spread his risk and increase his wealth.
By Jide OladiniPublished 3 years ago • 5 min read
Photo by Alexander Grey on Unsplash
- But that doesn't mean he has to seven times the effort. You can add a "passive" income stream to your life so you don't have to trade time for money all the time.
- What is "unearned income"? Passive income means that you can continue to make money from something after you finish your first job, or you can make more money without spending extra time on something. Getting rental income from real estate is an example of passive income. Because it takes time and effort to set it up initially, but then you can make money with seemingly little effort.
- I say this because the idea of unearned income is often misunderstood. The phrase itself sounds like you don't have to work hard. It is also often combined with phrases like "make money in your sleep" or "hire and forget".
- From building my own course business, I can attest that it's not as easy as it sounds. Yes, technically you can make money "while you sleep" when someone buys a course, but setting the course, continuously keeping it updated, providing customer service, We handle clerical and technical matters and actually promote and sell things!
- Anyway, I'm just saying this to add a caveat to the term passive income. I'm hesitant to use it, but for now, it's the best word to describe this kind of income in our business, so I'll stick with it!
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What is affiliate marketing?
- Affiliate marketing is a form of passive income and may be one of the easiest forms of passive income to set up.
- When you become an affiliate or brand referrer, you are essentially signing up and earning a commission when you refer people to your product or service. Except that there is usually no contract or obligation to do anything. You get a share of the profits by referring people through your "affiliate link".
- See PERPETUAL INCOME 365 for a more detailed explanation.
- It benefits your brand if you can share your product/service and get sales from people who might otherwise have never heard of it.
- Although most people use the terms affiliate program and referral program interchangeably, the benefits offered to all parties are different. Some offer commissions to their affiliates and discounts for their referrals, some don't.
- Who Does Affiliate Marketing Work For?
- If you have a blog, podcast, YouTube channel, social media account, email newsletter, or any kind of platform with an audience (no matter how small!), start making money right away through affiliate earnings can do.
- Also, if he's the owner of a business that regularly recommends a particular tool, product, or service to his clients, that's great because he can make money by recommending it to others. What companies offer affiliate marketing?
- One of the easiest ways to get started with affiliate marketing is with Amazon Associates. There are no “barriers to entry” or minimum requirements to sign up as an affiliate. You can then link people to any product on Amazon and earn a commission on sales made through that link. Commissions are usually fairly small (around 1 - 5%), but especially the more expensive ones. Products may add up quickly!
- Many companies operate affiliate programs. I usually google the name of the company, add "affiliate program" after the name, then search for anything I can sign up for. There may or may not be a minimum requirement to be accepted into the program. Software companies often have affiliate programs that you can sign up for as a customer. For example, as a Flodesk affiliate, I earn hundreds of pounds a month by promoting Flodesk as my favorite email marketing software.
- You can also find affiliate and referral programs for your favorite digital products. I recently started a referral program for all my courses. So every student (from all my marketing courses) gets a 20% of sales through their referral links.
- This is a great way for students to recoup costs such as courses.
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- HOW MUCH CAN I EARN WITH AFFILIATE MARKETING?
- The earning potential of affiliate marketing is endless. If you put in the effort to promote your links and share them with your audience and customers, you can make a lot of money from it. Some people link for a living. Also, many full-time bloggers and content creators use affiliate marketing as one of their main sources of income.
- Different companies offer different %S commissions. As I mentioned earlier, Amazon and major fashion sites generally have a ratio of 1% to 5%, but some companies have ratios of 50% or more.
- HOW TO BE SUCCESSFUL WITH AFFILIATE MARKETING:
- When you become an affiliate of a brand, you can treat yourself like you would treat your own product by creating a dedicated shop section on your website and using your affiliate link to encourage people to purchase your product/service, if desired. We can handle branded products. to the network.
- WRITE BLOG POSTS OR CREATE YOUTUBE VIDEOS
- Writing blog posts or filming YouTube videos with affiliate links are great ways to promote your brand to your audience in a meaningful and helpful way. For EXAMPLE, I have several posts and pages dedicated to Perpetual Income 365 on my blog and videos with affiliate links on my YouTube channel. So if someone signs up for PerPetual Income 365 after reading or watching, I get a commission. Blog posts and videos can:
CREATE A 'RESOURCES' OR 'SHOP' PAGE ON YOUR WEBSITE
- • Write a product or service review.
- • Go behind the scenes of your product or service you are promoting.
- • Create product or service tutorials.
- •Introduce your product or service to people who want more resources/information on the topic you are writing/filming.
- Send/share your affiliate links to your Email list
- Affiliate promotions can be added to your weekly newsletter or included as a link in your welcome sequence. it's up to you!
- Please note that some affiliate programs, such as Amazon, do not allow advertising via email. This violates our rules and policies.
- SHARE ON SOCIAL MEDIA
- Talk about affiliate products/services on your social platform! Tell us why you love it and get links back through your affiliate link, or you can even create a pin on Pinterest that links directly to your product through your affiliate link. increase.
- ADDED TO "LINK IN BIO"
- Don't forget the Instagram/tiktok Prime properties, thats allows you add links to your bio, so when people go to your page they can be directed to your affiliate link, and that's where the money comes in.


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