If getting a passive income is your goal then affiliate marketing is for you! Affiliate marketing works in a sense where if you were to market a product through an affiliate network, and someone purchases the product through your own marketing abilities, you earn a commission. There really are no limits to this.
How does it become a passive income?
Let’s imagine the affiliate network as a family tree. For instance, your grandfather sold a product from his father to your father. Your grandad earns a commission through that sale. Now your dad markets the product to your mother and you. Your dad AND your grandad now earns a commission. Did you get that? Well if you noticed, your grandad earned a commission through the sale YOUR dad did through his own efforts. Your grandfather has now earned a passive income through your dad. Now imagine that affiliate network growing and soon you wouldn’t even have to lift a finger!
Here are a few tips and strategies on how to be a great affiliate marketer!
One, never sell products that you are not familiar with. Don’t promise something that you have not tried out for yourself. Two, don’t force someone into buying the product. Instead, recommend it! Three, get influencers to join you in your affiliate journey. With their big following, you may earn as they earn too! It’s a win-win situation.