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.