Affiliate Marketing – For Passive Earning

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Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products.

You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make.

  • You’re happy because you earned a commission…
  • The company is happy because they have a new sale from a customer that they might not have normally been able to reach…
  • And the customer is happy because they learned about a product from you that will hopefully fulfill a need or desire.

The beauty of affiliate marketing is that you don’t have to invest the time and effort to create a product to sell. You can begin selling something as an affiliate as soon as you have a platform to sell it on.

Affiliate marketing: Pros

  • You don’t need to create a product: You’re getting paid for referring people to someone else’s product.
  • You don’t need to create a sales page, accept credit cards, handle shipments, returns, or support – the merchant does all that for you.
  • There are an unlimited number of affiliate marketing programs that you could join and promote.

Affiliate marketing: Cons

  • You don’t control the commissions the merchants give you. It can change at any time.
  • You can’t control Google algorithm changes, and some of your site might lose all of their traffic over night because of such changes.
  • You only make a fraction of the sale (compared to owning the products!)

The Lifestyle Affiliate‘s system goes through the following 7-step process:

  • Find and list possible products
  • Conduct keyword research
  • Get more keyword ideas
  • Pick a domain
  • Write content
  • Get traffic
  • Make money

How Can You Use Affiliate Income

If you have a blog or some sort of following of your own online, affiliate income is just one way you can help generate revenue.

Rule #1: Send People to Products You are Familiar With

Rule #2: Don’t Sell Garbage Products to Your Readers

  • One of the best ways to get people to hate you and not trust you is by sending them to a garbage product.
  • If you promote a crappy product, you will ruin your brand image.
  • Not only that, but you will be stunting your growth in the long-term as well. So please don’t direct your loyal followers to bad products.

Rule #3: Sell Products that Will Help Solve People’s Problems

  • If you have a following online, there is a good chance your tribe trusts you. They see you as an authority figure. So direct them to a product that is actually useful and will help improve their lives.
  • Send readers to a product that will help solve some pain point they are experiencing.

Benefits of Affiliate Income

  • With affiliate income, you don’t need a product of your own. All you have to do is piggy back off of someone’s existing product.
  • It’s less time intensive than creating your own course, product, book, and so forth.
  • you can also promote many different products that you may find useful to your audience.

Drawbacks of Affiliate Income

  • You can’t make as much money with affiliate income as you could if you create a product of your own at the same price.
  • If you were to create a product of your own, you could make fewer sales and still bring in the same income.
  • One other issue with affiliate income is you might have to promote too many products. This could turn off many people in your audience.