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Earn Passive Income With Affiliate Marketing. Step by Step Guide.

passive income with affiliate marketing

Now, we’re going to explain how you can start affiliate marketing for beginners and share our top tips so that you can build your own sustainable passive income, the smart way & step by step.

So, let’s jump into it. Affiliate Marketing is an incredibly powerful way to generate passive income, here, we try to run through everything that you need to know to get started and to scale your new revenue streams fast.

And if you stick around to the end I’m also going to share with you some of our Top affiliate programs, revenue-wise to give you some ideas on where to start looking.

 Now, firstly and really importantly: I do want to stress here

That this is not a get rich quick program. This is a get rich smart post, with the lessons that we’ve learned from a ton of trial and error and years figuring out How to make money online? and how to make money that is truly passive.

 So, to be clear- despite what a lot of people are out there saying that passive income with affiliate marketing is a myth or passive income isn’t possible. With the systems that we’ve set up, we make money online 24-7, while we’re asleep, whether we work or whether we don’t, and affiliate marketing is a big part of that. and, it’s a passive income with affiliate marketing.

 And you’ll see why in these articles. Now, I also want to stress here that while passive income is amazing, and it is possible, but what most people don’t realize about creating affiliate passive income is that there is actually nothing passive about creating it.

Passive Income through Affiliate Marketing

 It does take work, does take time, and it requires you to add and to create real value for your audience or for your customers and that real value convert to passive income with afffilate marketing.

 But the good news is, that’s what we’re going to show you exactly how to do in this post. And I also want you to realize here that this is a long game.

 You really need to focus on your audience or your customers, and the bigger the impact you can have on them, the more you’re able to help, them the more value you’re giving to them, the better this is going to work for you in the long term.

 What is affiliate marketing?

Affiliate Marketing is earning commission from selling other products or services.

Well, it’s essentially where you are paid a commission or a referral fee for referring a sale. So where you’re recommending a product or a service, when whoever you’ve referred that to makes a purchase or signs up, then you receive that commission or that referral fee for driving that sale.

 It’s Win-Win

Now, we absolutely love affiliate marketing because it is a win, win scenario. It is a win for your audience because you are helping them. You are recommending them Products, tools, services, resources that are going to help them achieve a specific outcome.

So, it’s a win for them because you’re making that decision making the process much, much easier. And you’re referring or recommending the products and things that you use, and that you know will be of benefit to them.

Read also: How To Make Money On Tik Tok ? New Way to Earn Money.

It is a win for the company that you are recommending or the service that you are recommending because you’re driving them referred to traffic.

It’s not like you’re sending them a heap of people that may or may not be interested, you’re sending them people that you know are interested in achieving that result or that outcome. In which case, they’re more likely to sign up and to buy.

So, it’s a win or a value add for your audience or for your subscribers. It’s a win for the company because you’re driving traffic, but it’s also a win for you because you receive a commission from someone signing up after you have referred them through. And that’s really what makes affiliate marketing so powerful and the source of passive income with affiliate marketing.

 How affiliate marketing actually works?

 You will go and register for an affiliate program or a partner program for a product or service that you use and that you would recommend to your best friend.

Earn Passive Income With Affiliate Marketing

Then once you’ve registered with that company, you are given a unique link that is tracked back to you. You then post that link or mention that link could be in your YouTube videos or in your YouTube descriptions, Instagram bio, or other social media.

People click on that link. When they buy you receive a commission, because it is tracked back to you and your unique link. That’s how affiliate marketing works.

 How much people typically payout?

 It really comes down to the individual affiliate program themselves. Some affiliate programs will pay you a fixed dollar amount for referring a sale. Others might give you a percentage of the total sale or of the total amount of items in the checkout, you might receive a percentage of that entire sale.

So, some of the affiliate programs that we’re a part of will pay a fixed rate $100 commission for everyone that signs up using our link. Whereas others then like Amazon, we are receiving a percentage based on anything that is in their checkout, at the time of them purchasing.

So, it’s not just the one link to the product that we mentioned, and just getting the commission on that. In Amazon’s case, you’re actually getting a commission from anything that they have in their checkout at the time of buying.

Obviously, your link needs to be the last one that they click at that time, for you to receive that commission, or for that to be tracked back to you. So that’s typically how it works for a one time purchase.

 But if you’re referring people and recommending people purchase an ongoing subscription or something that has a monthly fee, then the Commission’s for that could either be a one-time fee as well or it could be an ongoing monthly commission that you receive for the length of time that the person you referred remains with an active subscription or remains an active purchaser of that service.

 For example, it could be something like Kartra or Builderall which are our top recommended Done for your funnel and email marketing platform.

They have a monthly subscription or monthly fee. So anyone that we refer to them that signs up, we receive a percentage of their fee every month for the length of time that they are an active subscriber or a paying member to access those platforms.

You actually help the People

Now, I can’t stress this enough. You really want to come from the place of integrity with the products and services that you are recommending. And come from a place where you are looking to add value to others and yourself by recommending things that you already use, the things that you know, the things that you like, and the things that you trust.

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And the things that you know, are going to add value to other people as well. There is no point in recommending products and services just because they have the best commissions.

That’s what a lot of the lazy about, and people that are giving affiliate marketing a bad name, that’s what they do. And the flow on is, it’s like you’re referring your best friend to something that isn’t any good. Your friend isn’t going to be happy with you, because you’ve recommended that they purchase something that isn’t good.

 So, you really want to come from that place of integrity, and look at the value that you can add to people with these recommendations.

 So what you’re doing here is helping people make a decision based on you knowing

what is going to help them achieve a specific outcome. And you’re also going to save them a heap of time going out there looking at all the different options and making their own decision. You can refer and recommend, which are the ones that you use and why, which is going to help them as well.

 Will affiliate marketing work for their niche?

 Now one of the biggest questions that we have come up all the time around affiliate marketing, is people asking if this will work for them in their niche? Well, this is the biggest discussion point with people thinking,

That’s all right for us in our business, but it won’t work for them in their business, or in their niche, or in their industry. So for us, we recommend things like gear to write a blog, hosting like Bluehost, themes, and plugins market place like Evanto.

We also recommend software, like traffic, SEO tools, online money-making opportunity, and social media marketing tools. Any other tools or other programs, that are going to help people create better websites, and see the return on implementing it in their business.

 Also services and tools, like Social pilot. It’s an amazing tool for helping you grow your Instagram automatically. And we also recommend things like Fameswape, which is the coolest and leading market place for selling social accounts like Instagram, tik tok, and Youtube Channels.

 Or even other people’s products or courses that we know are going to help people achieve a specific outcome. Like super affiliate program . So, it’s not just about being an affiliate for the really obvious things, gear, and tech, but think bigger than that.

How do you recommend a product for your best friends?

What are the other services and tools and things that you use, that you would recommend to your ideal clients or customers, or to your best friends?

So to give you some ideas in other industries:-

if you are a dog trainer, this could be the dog treats or the dog toys that you recommend that people use when they are training their dog.

 Or it could be a specific course that you recommend someone take to maybe stop things like their dog barking at the front door. So something specific, but something again, that’s going to help people achieve a specific outcome.

 If you’re a personal trainer, it could be the gym equipment, it could be the weights, it could be the protein powder, the nutrients, the supplements, all the things that you use that you recommend people use to get a better outcome or specific outcome.

If you’re in the craft space. It could be the specific dyes, the fabrics, the wool, the knitting needles, all the specific things that you use, that other people will be able to use to again achieve a specific outcome.

 If you’re an entrepreneur. It could be the books that you like that have changed the game for you, or that you recommend people read. It could courses that you’ve taken. It could be services that you use in your day to day life for planning your day. That could be something like a journal, like the 90X planner, to help people plan out their next 90 days.

 Whatever things you were using that you know will benefit your ideal audience.This is how we can make passive income with affiliate marketing.

 How do you start passive earning with affiliate marketing?

  • Write a List

Well, the first thing to do is to write out a list of all of those ideas, all of those products and services that you use day to day that you know are going to be of value to someone else.

  • Use a Spreadsheet

So, you want to write out a list. It could even be a spreadsheet that you’re filling out there.

  • Research on Google

And then you want to go and do a little bit of research and find out if those products or services actually have an affiliate program already. Now to do this, it can be as simple as just going to Google and typing in the product or service name, along with the word affiliate, affiliate program or partner program, they all mean the same thing. In a lot of cases, if they’ve got one, you should be able to find that they’re linked in Google

  • Go to the Website

 Go to the website or head over to the front page of their website. Usually scroll to the bottom. And they should have some mention of an affiliate or partner program down there.

  • Apply for affiliate

If they do, you want to go ahead and apply and sign up or register for that affiliate program. Once you’ve been accepted, you’ll be able to log in and grab your own unique tracking link. And then all you need to do is to share that link out.

  • Promote the link and start to earn 

And that’s where you can put it in the description of your YouTube videos, Instagram bios, Facebook groups, twitter, you could put it in your blogs, in some cases, you could put it in your emails and those sorts of things as well.

 Now going back to your list, if there’s any that you can’t easily find if they have an affiliate program or not, you could reach out to that company or to that brand and ask them. In some cases, they do have them and they’re just not public on their websites.

In others, they might be some other ways that you could work with them if they don’t have an affiliate program right now.

 the one really important thing I do want to mention at this point, is that you want to be familiar with the terms and conditions or terms of Service of each of the different affiliate programs.

 I don’t want to scare you off with that, but it’s definitely something you will want to be aware of. Now to really ground this and make it real for you.

Most of them out there are pretty straightforward, but some of them do have some strict requirements. Even things like Amazon a very specific around when you can and can’t include their affiliate links, and even have some text and a bit of a disclaimer that you have to include with an affiliate link.

 Affiliate programs that we are part of

I’m going to jump across now and show you behind the scenes of some of the affiliate programs that we are part of. Just so that you can see what’s possible. So, you can see that this stuff does actually work.

 Alright, so this is the dashboard on one of the affiliate programs that we are a part of.

This is set to report for the year to date. we’ve got everything back here to January. You can see that we referred 417 clicks and $200 worth of commissions.

Earn Passive Income With Affiliate Marketing

So this one here pays a flat rate of $100 per conversion or per sale. So you can see here the number of sales, 2, 6, 5, 5, 11. And the dollar amounts on this end. $200, 600, 500, 500, 1100.

Right through to this month so far, at 700.  that’s one program that’s

a fixed rate per sale.

 

My Top Affiliate Program.

 This one is set to show the last six months. So for May 349 clicks, 10 signups, eight customers, brought us in $219. This one here is a subscription-based service. So you either get the choice to pay monthly, or you can pay for an annual subscription. it’s all the example of passive income with affiliate marketing.

And we get a percentage based on either of those.

earn from affiliate program

You can see total with this affiliate program, we’ve earned $22,967 since signing up towards the start of 2016. If we come down here and have a look at the recent activity, you can see someone signed up and purchased six hours ago. We got $14.70, 19 hours ago, $8.70. 6 days ago, $8.70, 10 days ago 53.70 and so on..

 

 Now two others that I want to mention are for Active Campaign and ConvertKit. Now, these are both email platforms.

And these are both products that we’ve used and that we recommend to our clients and to our audience, to help them grow their email list. And to manage everything and build out automation. All to help them grow their business and grow their revenue online.

We have a big focus on helping people with this stuff at my blog hometoearn.com. So while the two of those are very similar, and yes, there’s a lot of overlap between them, we actually recommend them to different people.

 If you’re an absolute beginner looking to grow your email list, ConvertKit is probably

going to be the one for you.

If you’re someone who is looking for more advanced automation and advanced features, and those sorts of things, then that’s when we would recommend Active Campaign.

And both of these are a monthly subscription service, so people are paying monthly to use these services. We are receiving a percentage of what they’re spending monthly, as our commission or as a referral for referring those sales.

But they also make it so easy for us to promote because these are the tools that we know are going to make the difference for our audience and people who are interested in using them.

So, those are some of our top affiliate programs.

But there really is no limit to how many affiliate programs you could be a part of as long as you’re coming from that place of integrity.

Now, if you’re someone who is really serious about growing and scaling your passive affiliate income, then having an email list and growing that email list is one of the most powerful ways to do it.

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