$1,000/Month Passive Income Affiliate
Marketing [Beginner Guide]
Millions of people make passive income through affiliate marketing. In fact, chances are that you have heard plenty about this passive income source, would like to learn more, and maybe even give it a try.
How do affiliate marketers make money for beginners? Beginners can make money (even passive income) with affiliate marketing by choosing a product or service they love, signing up to an affiliate marketing service, promoting the product to an audience, and then receiving a commission on sales made through their links.
If you are a beginner and are not sure where to start, read on. We will cover exactly how you can make passive income through affiliate marketing.
What is Affiliate Marketing?
Can Affiliate Marketing Really Create Passive Income?
Yes, affiliate marketing can create passive income, and it can be an excellent passive income stream for beginners. If you dream about making money while you sleep, then affiliate marketing is something you should give serious consideration.
Note: Creating passive income through affiliate marketing does take hard work. Do not expect to make millions overnight. Those selling the idea you can make hundreds of dollars a day after signing up to an affiliate program are not showing you the long hours of work they put into creating their passive income streams. However, this dream is achievable, and here is what it takes to get started.
How to Create a Passive Affiliate Marketing Income Stream
1. Choose a Product or Service You Use and Love
Choose products you already use, as you know more about them and can offer better advice based on your personal experience. Just think about the products you use every day. What do you like about them and why do you use them?
Once you have a couple products or service in mind, make sure they meet an actual market need. One way you can be sure of this is by searching for the product in Google Trends Google Trends is a free service that allows you to see how interested people are in a certain search term on the web. You are looking for popular products or search terms with an upward trend.
2. Sign Up to the Affiliate Marketing Service
Make sure the product or service you choose to recommend is supported by a company offering an affiliate program. Most affiliate programs offer a 20% commission, but each program varies and depending on the value of the service or product, affiliate commissions can be anywhere between 4% and 50%. Here is a list of well-known affiliate programs you can sign up to:
- Amazon Associates
- Rakuten Linkshare
- Commission Junction (CJ)
- eBay Partner Network
- GlobalWide Media
Note that each has very different commissions, and terms and conditions, so make sure to read what you are agreeing to before signing up!
3. Market the Product or Service to a Targeted Audience
Affiliate Marketing In Person | Events and Meetups (MLM)
Although affiliate marketing is mostly recognised as an online endeavour, it can be done in person. You can organise meetups, parties and other events to share information about the products you are affiliated with.
If you would like to avoid online affiliate programs by solely offering products in person, we recommend that you read the article on MLM (multi level marketing). This form of marketing is mostly done in person and will be more adapted to your preferences.
The rest of this article will focus on how you can create passive income from affiliate programs online.
Affiliate Marketing Online | Create a Website
Most people associate affiliate marketing with websites, and rightly so. This is the most passive way to make your affiliate strategy work for you.
Here is how affiliate marketing works online. You write articles on your website (or create videos on YouTube, more on that later in this article). The goal of your content is always to provide value and answers people’s questions. Some of the solutions to the questions you answer will have to do with products or services that you refer. You paste your affiliate link to your article so people will click on it organically (meaning, only if they would actually like to learn more).
Once you have determined what products or services you are interested in, you can easily create a website to promote your affiliate links. Like most people, we recommend WordPress which is the most popular and robust website builder available. Check out our resource page for all the tools you need to build a WordPress site.
Affiliate Marketing Online | Create a Niche Site
Income School recommends writing 30 posts on your brand new website. Focus on creating helpful content first before promoting products. Your first 10 articles should be about 1,500 words long answering specific questions. 10 articles should be staple posts, being more shareable content like “10 Tip” posts. And the last 10 posts will be pillar posts, or 3,500 word posts that cover broader topics.
After reading that, you may be wondering what to write about. What topics, or keywords should you target? A great way to get started is by studying your competition. What is your competition talking about? What problems are the addressing? What issues are being raised in the comments of the articles or videos you are looking at? What are the most popular videos in your niche on YouTube? You can answer those questions in your articles and refer your affiliate products as solutions (in a non-spammy way). Make sure not to focus only on the products you are referring, but on the questions you are answering for your readers. Try to be as helpful as possible before suggesting any products or services.
If you would like to learn more about how to build a successful blog, we highly recommend Income School. Jim and Rick are two online marketers who specialise in how to build passive income online, specifically through blogging. They are very authentic and real about the time it takes, but also about the actual methodology you need to follow for success. Their course, Project 24, is an excellent source for their 60 step guide for beginners.
Create a YouTube Channel
As does Income School we highly recommend creating both a website and a YouTube Channel to promote your affiliate links and new website. Using both of these methods together can help you create a community and drive traffic to your new site.
You can base your first videos off of the articles you wrote on your website. Make sure to be helpful and remain focused. Many affiliate marketers lose focus and it never ends well. Provide your audience value first without putting the focus on the products you are endorsing as an affiliate marketer. If you bombard your audience all kinds of unrelated products, they risk overlooking them and you will lose credibility.
YouTube is an excellent way to link to your website so your audience can learn more. Start with a short series of 10 videos related to the articles you wrote.
2. Followers Purchase The Product/Service
3. Receive the Commission from Your Affiliate Signups
A Few More Things You Should Know
- As an affiliate marketer, it’s important to track your performance. Most affiliate programs offer tracking so you can know which lead sources are bringing you the most traffic. For example, if YouTube is generating 50% of your leads and conversions, then you should double down on your YouTube channel. Tools like Google Analytics can also help reveal where improvements are needed so that you can grow your affiliate marketing site even more. Other things to keep in mind include the following.
- You may also need to inform your traffic that you are using affiliate links. Consult a lawyer to learn more.
How Passive is Affiliate Marketing?
Affiliate marketing is not as difficult as you could imagine if you follow the right formula. Sure, there is a learning curve when building your first website and writing your first articles (though Income School can help you overcome this). However, making income through affiliate marketing is relatively easy. That is why this online money-making method is so attractive to beginners.
Building a website that generates decent monthly income takes a lot of initial time and effort. Please re-read that last phrase. Contrary to what some people may be selling you, it does take a lot of time and effort. You will need to write long-form articles that answer real-world questions that you researched to provide actual value to your audience. This will take a couple months, and sometimes years.
To speed up the process and ensure you are following the right steps, we recommend you check out Income School’s Project 24 course that will guide you and save a ton of time. Once your site generates enough traffic, you can enjoy the benefits of your hard work for many years to come with much less effort.
Affiliate marketing is not risky, however, more than a few of those who have tried it have miserably failed due to expecting to see overnight results.
Affiliate marketing becomes risky if you do not follow the rules, terms and conditions specified in the affiliate programs you sign up for. You can ultimately get kicked out of affiliate programs and sometimes be banned from them for not complying. Things that can get you in trouble are, and are not limited to, not respecting affiliate program terms and conditions and sending spam emails with your affiliate link in them. You may also need to follow regulations like informing traffic that you are directing them to affiliate links. Consult a lawyer to learn more.
You will need a great website, considerable traffic, and a careful selection of products and services to promote. Otherwise, making an income from affiliate marketing may not work out as effectively as you expected. But, if you do it right (once again, check out Income School’s Course), chances of failure are considerably reduced.
ROI (Return On Investment)
Can you really make money with affiliate marketing? you can make money (even passive income) with affiliate marketing by choosing a product or service you love, signing up to an affiliate marketing service, promoting the product to an audience, and then receiving a commission on sales made through your links.
How do I become an affiliate without a website? You can become an affiliate without a website through MLM (multi-level marketing). MLM is another form of affiliate marketing where you earn a commission on sales. Famous MLM marketing companies include Avon and Herbalife. Learn more in this article.