smart passive income affiliate marketing Archives

Can you earn a smart passive income affiliate marketing? With affiliate marketing your earnings are performance based. When you sell an affiliate product through your link, you earn a commission. There’s many ways you can do this but ultimately it’s a good idea to make your income passive.

Affiliates can create a passive income through:

Automation – automating the process of selling online
Building content – which generates sales passively
Subscription products – subscriptions and membership products pay recurring income, which is of course passive

Let’s look at these strategies in greater detail.

Smart Passive Income Affiliate Marketing: Automation

Affiliate marketing is great in that you can sell products without actually being there by your laptop. The automation affiliates use will depend on their own particular marketing strategy.

One of the fastest ways to generate automation with affiliate marketing is to use paid advertising to drive traffic to a landing page. From there, affiliates collect subscribers information and follow up with automated email messages. Emails contain affiliate links and if a subscriber purchases something through an affiliate link, the affiliate earns a commission.

This process is one of the best because paid marketing is fast and scalable. So once you’re in profit, you can easily turn up the volume to get more traffic, leads and sales. One of the best ways to do this is with a high ticket business model because you can earn more from your commissions. This means accessing the more expensive marketing platforms is more within financial reach.

Smart Passive Income Affiliate Marketing: Content

Another way to generate a passive income from affiliate marketing is through building content. Blogging and video blogging, or v’logging, are two content marketing strategies. Content marketing is a much cheaper way to generate a passive income with affiliate marketing than through using paid marketing. However, it can take much, much longer for your content to start generating sales on autopilot for you.

At first there’s nothing much to show from building content such as a blog post. Over time though, your efforts can compound and you’ll find people sharing your content and linking to it. At this stage you will see an exponential growth in your traffic. However, to get to this stage can take months of hard work, or even years without much to show for your efforts.

So if you go this route you’ll need to be patient and able to work for a long period without much to show!

Smart Passive Income Affiliate Marketing: Subscription Products

Subscription affiliate products are another way you can earn passively from affiliate marketing. With a subscription product, such as a software or membership product, you can earn recurring commissions each and every month from the sales you have made.

If you choose wisely, customers can maintain subscriptions for a lifetime. For example, with business related products such as autoresponders for example, online business owners need the product to run their business. Therefore they are very likely to keep those products for life, especially if their business takes off.

As you make sales of subscription products, rather than earning only a single “one-time” commission, you earn every month for the lifetime of that customer. With each sale your monthly income grows, so choosing subscription products is a great way to build your affiliate business more quickly and ultimately earn passively from it.

Summary

You can of course do all three of these strategies in unison which will give you an even better chance of making a passive income from affiliate marketing.

Use paid ads to build an email list and automate an email marketing campaign, selling affiliate products through your list.
Build content which over time will compound to give you free traffic, which you can direct to your affiliate products
Use subscription products to build a recurring income from your previous sales.

If you also use high ticket affiliate products, you can potentially earn a lot more from each sale, or use a high ticket sales funnel which contains subscription products and high valued products to sell.

Passive income and affiliate marketing go very well together. Affiliate marketing offers a number of ways to generate a passive income online. You can sell other people’s products over the internet and automate the process. Without having to deal with customers or handle products directly, it offers a hassle free way to make money once you know how to do it. You can also use recurring commission affiliate programs to generate ongoing commissions from previous sales, too.

These are products which are either software tools or memberships. Business tools and website optimising software are some of the best products to sell as an affiliate. Once such tools become beneficial to someone’s business and profit margins, customers tend to be very loyal to that product. If you have referred the sale, you’ve potentially got a lifetime commission from each sale. A lifetime commissions affiliate program offers ongoing value typically for online businesses or website owners. Sell a product once and earn for life!

Passive Income & Affiliate Marketing – Strategies

Affiliate marketing by its very nature is passive, too. Affiliates sell other people’s products and services for a share of the profit. They do this through email marketing, websites and paid advertising. All of this can run without interference 24 hours a day 365 days a year, selling products on autopilot.

Using subscription products is another way to generate passive income with affiliate marketing. If you choose to sell subscription products, your income compounds over time because of the sales you’ve made previously.

Multi-tier commissions is yet another way to earn a passive income with affiliate marketing. A multi-tier affiliate program pays you based on the sales made by people whom you’ve referred that program. They are members of your members. Some affiliate programs offer multi-tier commissions and it’s another means to automate commissions and earn a passive income through affiliate marketing.

Passive Income & Affiliate Marketing – A Product Range

Many affiliate products only pay you once for the sale. Physical products fall into this category. But some digital products pay you over and over again for the lifetime of the customer. Some, too only pay you recurring commissions for the first year. So it’s wise to start out with your affiliate marketing journey using the products which will compensate you the most for your hard work.

Having a product range is another consideration, still. With a product range, you only need to refer the initial product to your customers. Once your customer purchases the “entry level” product, they are automatically offered other products within the range and you receive commissions on those sales. Some affiliate programs also have a built in sales team – closing sales on your behalf.

With a built in sales team, a digital product range and automation in your referral processes, you can scale up your online business very quickly to a global audience.

Why Digital Not Physical Products

Digital products offer the best of all worlds when it comes to creating a passive income online. With physical products, you only get paid once per sale. Your commission rate is usually much lower than for digital products. See affiliate marketing commission rates.

Plus, with physical products you can’t create a passive income through ongoing recurring commissions. There’s no product range, built in sales team or up-sell with physical products either. So you’re leaving money on the table by choosing physical products which typically pay 3-11% commissions compared with 30-60% for digital products.

This is a massive disparity and because physical products require handling, manufacturing and postage costs, they can’t compete with digital. Digital products however, once created, don’t carry these costs. So digital product owner can afford to pass the savings on the the affiliates, since they’re the ones making the sales.

A Digital Product Range + Marketing

With a digital product range, subscription products, a built in sales team and multi-tier commissions, you can potentially have a much higher return on your investment.

Compared to physical products, it’s massively higher. This means you can afford to advertising using the best platforms. YouTube and Facebook for example are notoriously expensive. But they’re also very clever and you can target your customer very specifically and reach a global audience.

With cheaper, lower commission products, you simply can’t use some platforms because you won’t recoup your advertising spend. Paid advertising is much more difficult if you’re promoting low value physical products and this means you’re stuck with content marketing and other cheap alternatives.

This kind of marketing can take a whole lot longer to generate any traction with. It can take years, compared with months if you’re using paid marketing strategies. Plus, paid marketing can be automated and scaled up. With slower content marketing, you’ll have your work cut out.

Access A Digital Product Range & Business System

The SFM Digital Business System offers an all in one digital business system and training platform. You can benefit from:

A high ticket product range – earn up to 40% commissions on a number of digital products
A built in sales team and automated “up-selling system” – simply refer the initial product within a range and let the system do the selling.
Subscription products – earn recurring commissions from your referrals
Multi-tier option – choose a higher level commission option and multi-tier commissions with higher value products.
Training and mentorship available – earn as you learn and access an online community of online entrepreneurs.

Access here to get started.