You can earn passive income with affiliate marketing in a number of different ways. Of course, when you have put in the work upfront, your affiliate business should run largely by itself anyway. In general, the longer you have been working on your affiliate business, the easier it should get. Automation is one of the main perks of having built an affiliate business and there’s automation within affiliate marketing already through
- Websites, landing pages and email marketing autoresponders
- Digital or physical products which can be sold directly from emails and websites
- Third party companies fulfil the delivery and customer service so the affiliate doesn’t have to.
Earn Passive Income With Affiliate Marketing
Website content can bring in customers to affiliate products around the clock and 365 days a a year. Autoresponders collect emails automatically and send people into sales funnels where products are sold and products delivered. All this is done while you sleep, if you’re done the work already and built in the infrastructure of your affiliate business.
But there’s other considerations too, which can help you earn a passive income from your affiliate business. Choosing the right products or product range is a huge part of this. Ideally, there’s a number of considerations you should take account of before starting out promoting affiliate products:
- Use a product range not just a single products – single products pay you only once. With a range of products, you’l get credit for sales purchased even years after you’ve referred your customer.
- Choose recurring commission affiliate programs. With membership products or software products you earn commissions based on ongoing payments for subscriptions. So you’ll earn an ongoing passive income from each sale.
- Use high ticket affiliate products – this has a couple of main benefits; a) you can more easily use paid marketing for your advertising (which can be automated and scaled), and b) you can build a profitable business more quickly through reinvesting your profits and scaling up.
- Multi-tier commissions let you earn from sales made by your referrals.
So you can earn a passive income with affiliate marketing much more easily with a business model like this one. See SFM digital business system for more on this.
Earn A Passive Income With Affiliate Marketing – Advertising Strategies
Of course you can earn a passive income with affiliate marketing without using such a business system. It’s just that this kind of business model gives you many more earning strategies and more potential.
With any affiliate product though, you can still earn passively. Ideally though at least use recurring commission affiliate products. With a recurring commission products, you can earn a passive income from each sale, not just a single commission. And potentially this can be for a lifetime; if you choose the right products.
But before you’ll be able to earn anything from affiliate marketing there’s work to be done. Affiliate marketing does take some time to learn and master. To sell products online you can use websites, advertising platforms, paid marketing and organic marketing (content marketing). All of these can run completely hands free, despite taking some time to set up.
This piece of writing, for example, will be around a long time after I write it. Hopefully, it will generate some traffic too, and sales! Although blogging and article writing takes time and effort, over time your work compounds to generate passive income trickles, if you connect the right audience to products they would find useful.
Advertising Platforms – Paid Marketing
Paid marketing is the fastest way to build a passive income from the internet. But at first you obviously need to invest in building an email list and a product range too. With cheaper value affiliate products, it’s free to join a program. But these products often don’t offer nearly enough in the way of earning potential. To sell a $100 affiliate product using paid marketing, for example, is much more difficult than selling a $2500 product using paid advertising.
Given a 40% commission on each product, it’ll be much easier to make a profit on a product paying you $1000 than only $40. If you’re running paid marketing, you’ll want to be coming out on top – with a profit. Otherwise you won’t carry on very long with your marketing. Once you do start generating a profitable outcome with paid marketing platforms, you can simply leave campaigns running, forever.
Again, here’s another way affiliate marketing can offer a passive income. Providing you test and measure your advertising carefully in the first instance, and it proves itself, you can increase your budget and scale up. Leave your adverts running 24 hours a day, and in multiple countries even.
How Easy Is It?
Of course it takes some time to earn passive income with affiliate marketing. There’s a lot of work which needs to be done before you can earn a passive income. But affiliate marketing is far better than working a job, once it’s working. The trouble is, most affiliates will give up too easily because they don’t take the long term view of affiliate marketing. They do some work, don’t see any results so assume it doesn’t work, and give up! Back to the day job!
Within less than 5 years you can have built a passive income with affiliate marketing, depending on the steps you take. Or, you can still be stuck in the 9 to 5, or worse, corporate career for another 20 years! 3-5 years hard work for a passive income for the rest of your life is pretty good if you ask me!
If you’re interested in learning more about affiliate marketing, access a free video series here, or join Stuart on a webinar using this link.
