Passive income. It’s the golden unicorn of online business, the dream every blogger chases.
But passive income isn’t just one plan or income stream. It’s made up of several different types of income streams flowing into your business, and one of the most popular is affiliate marketing.
Promoting products and services through affiliate programs allows you to:
- Earn cash without having to write books, create courses, or do any of the heavy lifting associated with product development
- Get paid for sharing valuable resources with your readers, fans and clients
- Earn recurring income thanks to cookies and ongoing referral tracking
Imagine referring a reader to a big e-commerce site like Amazon or Target, and when she makes a purchase, you get paid.
But even better, because of cookie tracking, if it takes her awhile to make the purchase—even if you haven’t made another promotion—you’ll get paid for that as well depending on the cookie duration! That is the power of affiliate marketing, and why it’s such a big part of your passive income strategy.
Of course, you can’t just start signing up for affiliate programs and drop links everywhere. Well, you can, but you won’t have a lot of success. Instead, you’ll want to put some thought and planning into your affiliate promotions, so that you can provide your audience with relevant resources they need and want, and so that you can grow your passive income as well.
Learn how I make $3,000 a month in affiliate sales on my site Serendipity and Spice.
Even if you have a small audience you can maximize your income through affiliate sales...it's not about your blog size it's all about the strategy!