Imagine if you could have more financial freedom and control over your work, doing what you love and working anywhere at any time.
The Internet offers a number of ways to build a passive income and live this lifestyle.
One of the easiest ways to start building an online business is through affiliate marketing.
Affiliate marketing is a great way to start learning the basics of business and earn as you learn.
The Affiliate Marketing Business Model
Affiliate marketing involves getting paid to promote someone else’s products online.
Then, you get a generous commission on each sale.
You can create multiple streams of income by promoting various products related to your niche.
You promote products through advertising and content marketing.
The material you create is posted online with links back to the vendor.
Each purchase through these links is money in your bank account.
How Much Can You Make through Affiliate Marketing?
Affiliate marketing is a great business model because it can scale.
You can earn a few hundred dollars a month, doing some online work in the evenings after your regular job.
Or you can go full-time with multiple streams of income.
Another idea is to start small and gradually build.
It is entirely possible to create a full-time income through affiliate marketing.
How Much Work is Affiliate Marketing?
It sounds easy, but it takes a bit of work to get started.
Affiliate marketing requires you to create a great deal of content that offers value to your audience.
After you build a relationship with your audience, you’ll have a solid customer base that will be receptive to the products you pitch.
However, you’ll start learning immediately and then you can perfect your strategy.
The key is to get to know your audience well so you understand their needs and concerns.
Then, you can offer the exact products they’re looking for.
Each successful affiliate marketer creates a system through trial and error that works for them.
How Your Affiliate Marketing Income Becomes Passive
Once you start building your system and streams of income, you can turn it passive by automating and outsourcing.
Most of the regular tasks that go into earning this way can be automated or delegated.
In addition to automation tools, you can hire a virtual team to handle the day-to-day work so all you need to do is check in, manage, and keep looking for new opportunities.
How do you get started?
Start by going to an affiliate network and signing up.
Currently, the top Affiliate Marketing Networks you should consider joining are…
- Awin (Formerly Affiliate Window)
- Amazon Associates
- CJ Affiliate (Formerly Commission Junction)
- Rakuten Marketing (Formerly LinkShare)
- Avangate Affiliate Network
Then, do some research on products in your niche that you think you could sell.
Research some keywords to see what people are looking for and you can figure out which part of the market you can serve.
This is the first in a series of five articles about creating an income from affiliate marketing.
Stay tuned for the next 5 weeks as we show you the basic steps to starting your own affiliate marketing business..