How do you earn passive income on the internet? There’s a few ways you can do this. Many online marketers earn a passive income through the selling of other people’s products and services online. A business model known as affiliate marketing allows anyone to earn through product recommendations. Join an affiliate program and promote your affiliate link to earn a commission based on the sale. To actually make the sale takes a bit of understanding, however. Many affiliates use email marketing to sell their products but you can also use content such as blog posts and videos.
With enough content on the internet, you can start attracting an audience. When those visitors buy something through your affiliate link, you earn a commission.
Passive Income On The Internet – Affiliate Marketing
Affiliate marketing has become popular since Amazon started their affiliate program back in July 1996. See also when did affiliate marketing start. It meant anyone could join their program and earn money by promoting any product from the site. Since then there’s been thousands of other affiliate programs which have allowed affiliates to promote all kinds of products and services online.
Amazon’s affiliate rates range from 1% to 20% commission but you can earn a lot more from other types of products. Digital products, for example pay much more. A typical digital product will pay between 30% and 40% commission, much more than the typical physical product you can find on Amazon.
You can also sell digital business software too. Business tools and services are particularly good for affiliates because they can pay recurring commissions. With a subscription product paying out a recurring commission you can earn a regular income from each sale, rather than a one-off.
You can also sell high ticket affiliate marketing products too which pay out much larger commissions than the standard products you might find as an affiliate marketer.
Passive Income On The Internet -Making A Sale
Affiliates sell their products through various means most of which can be fully automated.
This is what makes a passive income possible through affiliate marketing. Here’s a few strategies which affiliates use to get their affiliate links in front of customers to make the sale:
- Blogging or video blogging – affiliates build content (such as this post) or a video is uploaded to YouTube, for example.
- Email marketing – with email marketing affiliates can build huge email lists of subscribers and send out automated messages to thousands of subscribers simultaneously.
- Social media marketing allows affiliates to reach an audience through posting on social media platforms and interacting with other users
- SEO – website owners use Search Engine Optimisation to float their websites to the top of the search results on Google. People find their content and buy through their links.
- Off line marketing strategies are available for affiliates to use too, if they choose but most will use online strategies which can be tracked, grown and scaled.
Affiliate marketing is great for a passive income because you don’t need to interact with customers personally. You simply send them to the product directly through your link and the product owner fulfils the delivery of the product/service.
Blogging
I use blogging to make affiliate sales through websites like this one. By building lots of content on my blog, I am able to increase the search engine traffic which finds my content.
I offer free information through my email list (join on this site through one of the sign up forms). When someone joins my email list, I provide free information about how I got started earning online. If someone buys one of my recommended products or courses, I earn a commission based on the sale.
Because some of these products offer recurring commissions, I only need a few sales a month to make a consistent income. Subscription payments accrue over time and build up into a nice monthly recurring income.
Anyone can learn how to do this and it can give them a completely flexible way to earn a living.
Summary
It can take some time and effort to make a passive income on the internet from affiliate marketing. But it’s well worth it if you can stick it out. Some of the best ways to do it are through using an email marketing list and running paid advertising. Use high ticket products and products which pay out recurring commissions for the best return on your investment.