As an amateur blogger, Charles has been involved with affiliate marketing since the early 90's. Webpage design and creation is a hobby.
Passive Income From Affiliate Marketing Can Mean a Luxury Vacation
Are You Dreaming of Making Passive Income?
All my life I was considered a dreamer. I have always envisioned leading a life of freedom and financial security. I have read testimonials of people claiming to have a passive income of $30,000-$70,000 a month! I wanted that and more. It all started with my interest in clothing and fashion. Before I was an affiliate marketer, I used eBay to sell fashion clothing and kids' clothes. I did pretty well at this. I would shop the Salvation Army, Goodwill, and many other thrift shops for designer brands of men's clothing that would appeal to a higher number of shoppers. I mostly chose items that would fit me in case they didn't sell...winner! This brought in extra income but it wasn't particularly easy and it definitely didn't meet the criteria of passive income that I was searching for. Selling on eBay would be great for someone with a lot of spare time but I had a full-time job at the time and it was sometimes hard to manage the number of sales and logistics from packaging and shipping to dealing with returns and such. There had to be a better way...
What is Affiliate Marketing and How Does it Work?
I decided that I would try affiliate marketing. Affiliate marketing is the promotion of other companies' products to receive a commission on sales generated by your efforts. The company you are promoting will generally provide you with a unique tracking link that you would then promote and drive sales through this unique link. Affiliate marketing is a multi-billion dollar industry. Let that sink in. Multi BILLION. If you can only take a small slice of that pie, the earning potential could be enormous! Affiliate marketing programs are free to join. You won't have to worry about incurring any startup costs. If you choose well, this performance-based opportunity can go from a part-time side hustle to a profitable full-time job bringing in a very healthy income each and every week.
What do I Need To Do To Get Started?
When starting out, it's best to establish a personal or business web page. Remember, selecting a catchy page name is beneficial. It is important that your page name is something that is trustworthy. You don't want your page name to look cheesy or spammy! Keep in mind that you will be using this page to promote your affiliates so it should complement the types of products or services you are marketing. Some examples would be names like cheesedogs.com or electricshoelaces.net, you get the point. Next, you will need to find a good hosting site for your web page, most of these will require a small monthly or annual fee. There are free hosting sites available but these have limitations on what you can do with them, storage space, and limits to how many pages you can create. Some examples of paid web hosting are; HostGator, GoDaddy, and HostWinds. Free web hosting can be found at; Wix.com, SquareSpace, or Hostinger.
Selecting Trusted Affiliates
Next, find reputable companies that you would like to promote as an affiliate for. Think of the trusted, innovated, and just plain neat services or products you could see yourself needing or using and go from there. Think Amazon, Nike, Wal-Mart, Solar and Green energy, Credit Cards, Financial Services, Etc. I included a popular video below to better explain selecting a company. Many companies pay a one-time commission when visitors to your promoted affiliate link click and buy one of the products you are marketing. The best way to earn passive income is to look for high-paying, reliable affiliate programs. Since joining affiliate programs is free, you can start making money with a well-known affiliate product or service without any initial out-of-pocket investment. Affiliate marketing can also generate relatively steady passive income through commission, where other marketers sell the products for you, this would be the ideal money-making scenario. Initially, you’ll have to invest your time creating traffic sources and websites, after that, your affiliate links will continue to deliver a steady paycheck.
Social Media Platforms
Select Your Advertising Platform or Website
First, you will need a place to advertise your affiliate links. Think of a billboard, you will want to put your billboard in a place that many people will see it. For this, you'll need a platform. Platform examples are; Facebook, Twitter, Pinterest, YouTube, Instagram, etc. Another good strategy to build a target audience is to create a blog or vlog with your new website. If you don't have your own website, you can definitely find a free blog site that will allow you to host your blog on its site, kind of like the one I'm currently using, HubPages. I currently use the HubPages platform to write articles on the things I like to do or topics that I am familiar with. I only have a couple of dozen articles at this time and I don't really make a ton of money doing this right now. How I earn money with HubPages is when an article is viewed, HubPages places targeted advertising on my article and they pay me a percentage of the revenue these ads generate. I hope that by adding 5 or more articles a month it will help me generate more revenue for HubPages and in turn earn more money myself. The key here is to create well-written, informative articles that keep the reader interested. If the topic you are writing about contains keywords that are popular search terms and relevant to the topic you are writing about, then it is likely that your article will rank high on the search engines and people will be able to find and enjoy your article more often. I hope you enjoyed this article and I wish you great success. Share your experience below in the comments section. Thank you!