The Truth about Passive Income and Affiliate Marketing:
Passive Income and Making Money Online is something most people are skeptical about. How do you make money online? Does Affiliate Marketing work or is it a scam? How does passive income really work? I have to answer these questions all the time. So I made a video to address how affiliate marketing works, how it can help you generate passive income, and why so many people don't believe it does really work for making money online.
HOW DOES AFFILIATE MARKETING WORK
You can either actively work at selling products for a company to make a commission or you can build systems that do it for you. You can do this in the form of a website or blog, a podcast or a YouTube channel or an Ebook.
These things ARE passive because after the initial work is done, you are making money without any additional work your part. Some people will say, well you still have to market or promote those things…. those people aren't actual marketers or they would know that most marketing can be automated at this point, or requires less effort than texting your spouse… You can put systems in place to handle that effort. A YouTube video I made 6 months ago, made me an extra $1000 in Nov. 2016. Work I did 6 months ago, made me another $1k in profit.
You don't need a large audience to be successful at affiliate marketing if you know your audience and you are selling something they have a demand for.
If you had an audience of 100 but 10 people buy something and you make $100/each from them, its better than somone who has an audience of 10,000 that only got the same 10 people to buy, because if you maintain your conversion rate, as your audience grows, you'd make more money than them.
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Disclaimers: all opinions are my own, sponsors are acknowledge. Affiliates are: Amazon, BHPhotoVideo, MyFonts, 1and1, Bluehost and Lumoid.