After the previous lesson, in which we spoke about How to create a website and which subjects, also known as niches, created the most traffic and eventually income.
Now we are going to explain how we can make money by using one of those niches and what affiliate programs to utilize and figure out how our blog can maintain a solid passive income stream if we really know which strategies to follow.
Affiliate Marketing :
First, let’s find the meaning of Affiliate Marketing :
What does Affiliate Marketing mean?
According to Wikipedia :
“Affiliate Marketing is a Marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate marketer’s efforts.“
In other words, when you decide to create a website about any subject (niche) to help
your audience with. If you are going to recommend them a
solution to their problem and guide them to a specific product, you believe it will benefit
You are now acting as An Affiliate Marketer.
Basically, as an Affiliate Marketing, you will get paid when you help any business by
promoting their products or services.
To give you a close picture,
Let’s take For instance my case :
When you sign up for the Wealthy Affiliate program to learn how to build up your online
business: the program is a legitimate training method to use for this
purpose, and if you decide to take it seriously, and learn how to make money
online, signing up below will benefit me and eventually, it will benefit you as well.
It looks like an easy process, but let me say that being an affiliate marketer requires a lot of work and commitment to your business.
The key is to balance time and effort and use efficient and effective strategies.
To be able to make money as an affiliate marketer, you have to look for affiliate links
through different affiliate programs
But first, I am going to give you another real example of Affiliate Marketing.
Everybody knows about Uber and their explosive success story.
Uber is actually an affiliate marketing company
Uber does not own any vehicles, think about this for a second, the biggest taxi company in
the entire world does not own ANY vehicles.
Uber does not have any locations where people can rent cars.
Uber is an affiliate marketer because they don’t have any inventory, they simply
connect people who want rides with
drivers that are willing to take them to their destination and they get a cut of the transaction for referring two parties to each other.
The same thing can apply on Expedia.com, Airbnb.com, booking.com and so on.
HOW DO AFFILIATES PROGRAMS WORK?
Whenever you connect people with any product, you get a commission, that simply how it
NOTE: you should try the product first and see if it can be beneficial to your audience
before you recommend it to them.
As I said, when you connect your audience to your product you will definitely have a big chance to
make money. And the easiest way to do that is through the Internet: ( I mean Google, Facebook,
and Youtube ..) and using what we call: AFFILIATE LINKS.
what is an affiliate link?
An affiliate link is a link with a tracking code you get when you sign up for an affiliate
The most popular affiliate program is Amazon affiliate programs.
when you set up an account with them, you will get a unique link you can use on your
web to recommend a product.
Please check this youtube video to understand more.
There are a couple of affiliate programs I can recommend if you like to try them as well
such as :
ShareASale affiliates -Ebay partners-Shopify affiliate program- Clickbank.
By the way, there is always a room for you to carve out a piece of the pie if you are ready
As an Affiliate Marketer, you will be able to create through those affiliate programs a
Passive income from your website.
What is passive income?
The very simple definition I can come up with is :
“Passive income is generally defined as a stream of income earned with little effort, Passive income is money you earn in a way that requires little to no daily effort to maintain.
Some passive income ideas—like renting out property or building a blog—may take some work to get up and running, but they could eventually earn you money while you sleep”.By Dave Ramsey.
In other words:
Passive income means consistent cash flow every month whether you are working or not.
You make money 24/7 no matter what you are doing with your time.
You make money while you sleep.
While you are on vacation,
While you are hanging out with your friends, family.
But, making a passive income will take time, effort and persistence, the more you invest
yourself, the faster you will become successful.
Moreover, there are other Active affiliate programs that we also use and different
payment options as shown below:
- Pay per click: You get paid based on the number of visitors you redirect to the merchant s website from your affiliate site
whether or not the sale is made.
- Pay per sale: In this case, the merchant pays you the percentage of the sale price when the purchase is completed.
- Pay per lead: It is the easiest one, you get paid when the visitors you refereed leave their contact information such as their contact numbers, their emails by filling out a contact form.
Here are three final ideas I can conclude with:
1: A successful affiliate marketer is the one who knows how to choose good products to help
his readers and use several traffic resources to promote these products and find the right
companies for this purpose.
2: A passive income is a top residual income any affiliate marketer is looking for.
3: Investing time and keep hard work upfront will definitely get an affiliate marketer to his goal.
Well this is one type of making a passive income online that I think it easy to start with .However there are other ways to use and definitely you can generate an income through them like taking surveys as an example.
Please let me know what do you think and if you have any tips or any proven ideas on
how to make passive income online, I will be more than happy to learn and try them as