Add Passive Income Stream To Your Business
Beginner Guide To Affiliate Marketing
I just want to cover the basics so when I write ‘affiliate link’ next to a link, you know what I mean.
And you can see for yourself how affiliate marketing can help you grow your business.
What is an affiliate link?
The affiliate link contains information that tells the destination website that it was me who sent you there.
This means that I may earn a commission for anything bought via that link.
The person doing the buying never pays anymore, regardless of whether they arrive at the site via an affiliate link or take themselves to the website directly by typing the URL into the browser.
The commission is paid from the seller’s profits, as a thank you for me doing some of their marketing for them.
Increase your income with affiliate marketing
When you’ve built a solid reputation, traffic to your blog, and an engaged email list, spend some time looking into affiliate marketing opportunities for your business. You can use it to make money from commissions as an additional passive income stream. This may be an easier way to increase your income than creating your own digital product.
The Lazy Guide To Affiliate Marketing* by Elizabeth Buckley-Goddard is well worth the initial investment to help you add this revenue stream to your business (tried and loved it myself).
You can recruit affiliates to increase your sales
If you create an affiliate programme for your own products/services you can get other people to sell your stuff for you - helping you boost your reach and your income. Your own customers are a great place to start with this as they have firsthand experience of working with you, and can make an authentic recommendation of you to their audience.
I carefully consider every affiliate link I share
Usually, my affiliate links go to products or services that I have tried and loved myself. Sometimes they go to free trials I haven’t tried - but they’re free, so you can try them out and see for yourself. Sometimes I link to products I’ve heard good things about, or seen glowing reviews for.
I don’t just link to anything and everything I could earn money from. For example, I was invited to be an affiliate for a $2000 course, that gave a 50% income split, teaching you how to make passive income, and I could be promoting that right here. But I haven’t mentioned that course here, because I loved Lizzy’s Lazy Guide to Affiliate Marketing*, and it’s a fraction of the price.
Or check out the Lazy Guide To Affiliate Marketing* here.
So now you know.
* P.S. Starred links are affiliate links.