If you hate selling or don’t want to deal with customers with drop shipping or don’t have your own products, then building a dedicated affiliate website and becoming an affiliate is a good idea for you to earn passive income.
Certainly, this is not a new one. It has become popular among people all over the web for years, because becoming an affiliate marketer is one of the best and easiest ways to make passive income.
I personally choose affiliate marketing as a way to run my business online. I am excited that I establish myself as an affiliate marketer. I am not a millionaire, but I do earn a good passive income from it.
There are many great aspects of affiliate marketing. First, let’s find out why I love affiliate marketing.
Benefits
Make money while you sleep
Every morning the first thing I do is to open my computer and check my income I earned last night when I was asleep. There is nothing more excited than waking up in the morning and finding out how much you have earned overnight!
Low cost for start up
Probably most people give up starting a business because of the cost. Affiliate marketing, however, requires lower cost compared with traditional business offline.
No inventory
You only promote products online. Once a sale happens, wholesalers or manufactures will take over the physical transaction. You don’t have to worry about logistics even if you are living in a small one-bed room apartment.
Work when you want where you want
Tired of a 9 to 5 routine every day? Once your affiliate website is established and generates healthy traffic, you can simply work when you want, where you want. You can work at home wearing your pajama!
High income potential
Most people have a life with no chance of ever making a fortune. We become so wrapped up in our daily working lives. To cover the bills coming in by the end of each month, we get up and rush to work early in the morning, and come back home late in the evening.
Imagine how exciting it would be if you can make a passive income that match your existing salary, but you do so by only working at home each day. Plus, you have the chance to earn much more! Your potential income is limited only by your motivation, effort and imagination.
So, what is affiliate marketing?
Affiliate marketing is a type of making money by directing traffic to merchant websites. Every time a visitor clicks your affiliate link and makes a purchase, you are rewarded with commission or payment.
How does affiliate marketing work?
- You need to select and join an affiliate program. You can find some popular affiliate programs in the resource page.
- After you join an affiliate program, you obtain a unique affiliate identification and a trackable link.
- You Place your affiliate link anywhere on your website pages (i.e. sidebar, header, posts, images, etc.).
- A visitor takes an action or makes a purchase by clicking through your affiliate link.
- You earn commission for a sale or leads generated through your affiliate link.
Commission types
There are some basic commission types you should know before you choose your affiliate programs.
- Pay-Per-Sale (PPS) – Also known as ‘partnership’ programs. You can get paid based on the number of sales generated through your affiliate link on your website.
- Pay-Per-Lead (PPL) – You earn commission if a visitor take an action on your website. For example, a visitor sign up a contact form or free trail memberships.
- Pay-Per-Click (PPC) – You get commission each time a visitor clicks on your affiliate link and lands on the merchant’s site.
In conclusion
I love affiliate marketing. Not only because it help me generate passive income from my website, but also it changes my lifestyle that makes my life become better and easier.
