Passive Income from Affiliate Marketing
This is the fifth post in my Passive Income Series and it is time to go online. With my earlier posts the methods I discussed could be offline or online We are going to examine how Affiliate Marketing can give us a passive or residual income. If you are new to the online world and not a techie well neither am I. You do not need to be one to do affiliate marketing.
Normally when I think of affiliate marketing I think of a “one off” sale. If you are unfamiliar with affiliate marketing have a read of a recent post I did Work from Home – Affiliate Marketing . If you were to buy a training course or tool like SEO Pressor that I am an affiliate for I would earn a a one off commission and that is it – there is no passive income.
Let’s take a look at the types of affiliate programs that will give you an ongoing passive income and then over the next few posts in this series I will look at some of these in more detail.
Subscription Based Affiliate Income
Subscription based affiliate programs usually pay the affiliate an ongoing income. For example, if you joined MLSP on my affiliate link, as long as you continue to pay your monthly subscription I will be paid commission each month. Can you see how this is beneficial to adding to your passive income? Hey and that should be our goal – to build our passive income.
I prefer to promote services and products that I use. Most of the things we pay for on a monthly basis like our web hosting and auto responder service has an affiliate program attached to it.
If you become an affiliate for all the services you use in time you are going to have enough income to cover what you pay out – and even better over time you will make a profit.
This just makes sense to do and it is my belief we should all be building multiple streams of income – and even better multiple streams of “passive income”.
I have a Recommended Resource page here on my blog where I have my affiliate links for various services and tools I use. I have often purchased something because I have seen it reviewed or promoted on someone else’s blog.
Tiered Affiliate Programs
Tiered affiliate programs reward you for signing up sub affiliates. They vary and might only be one level deep but can go further. Empower Network is a tiered affiliate program. I am going to look at Empower Network in detail in an upcoming post.
Penny Auction Sites
Penny Auctions are auction sites where there is a fee charged for bidding. This model is often marketed to affiliates using the pitch that it is “truly passive income and no recruiting is necessary”. People who do refer however make more money.
The two I have heard most about are Zeek Rewards and Bidify. I know there are others as well.
You are probably familiar with the fact that Zeek Rewards was recently shut down and I know Bidify has since made some changes to their compensation plan.
I have never joined one of these but know many people who I respect who have and have made good money.
CPA offers ( cost per action or sometimes called cost per acquisition)
So as a marketer you drive traffic to a landing page and for a certain action you will get paid. CPA offers are about acquiring something (typically new customers by making sales). In most cases you do not have to make the sale yourself.
CPA offers can stand alone or can be the front sale for other back-end offers. One I have recently joined is EZMM which is has a CPA front end offer and then some back end product which can offer passive income. I will be covering this in my next post.
If you have not read the first four posts in my passive income series you can find them here:
- Passive Income
- Passive Income – Property
- Passive Income – Portfolio Investments
- Passive Income – from work you do
Please leave me your comments on Passive Income from Affiliate Marketing below. Are you using any of these methods I mention or do you know of other ways? If you found this post of value please share it with your friends.
P.S. If You Don’t Have a Step-By-Step Blueprint For Generating More Leads, Check This Out (Unless You Already Have Too Many)