It’s a great way to make passive income. Of course, when I say “passive”, this doesn’t account for the time needed to spend building or maintaining your WordPress site. However, in terms of having to promote these affiliate links, you can put in as much or as little work as you want to drive traffic to them. This obviously makes this a great option for a passive income stream if you’re not in the business of e-commerce.
2. As an affiliate marketer, there are 100’s of millions of products and services you can promote in exchange for a commission. You sign up for what are called “affiliate programs” and once you do that, you are given special links for that company that are unique to you. When you send people to one of those links (through your website, social media, email, or otherwise) and they buy something, you get a % commission. For example, if you sign up to Amazons affiliate program, you can promote any product on their website and earn 6% commissions. Commissions range from 5-75% typically, depending on the program.
The terms of an affiliate marketing program are set by the company wanting to advertise. Early on, companies were largely paying cost per click (traffic) or cost per mile (impressions) on banner advertisements. As the technology evolved, the focus turned to commissions on actual sales or qualified leads. The early affiliate marketing programs were vulnerable to fraud because clicks could be generated by software, as could impressions.
The average commission rate is $58 per the Shopify website. Shopify’s commissions are paid according to different metrics. For instance, if a referral signs up for the Shopify Plus enterprise plan (the highest tier), the payout is a flat $2,000. Referrals who sign up for the standard plan earn a $598 commission. The payout for a Basic account is $58. Commissions are calculated as follows: you will earn two times the monthly rate but only two months after the user has been a paying customer.
25. Products – You can create your own product, such as an ebook or computer software. You would then use your blog as a promotion tool to get people to buy your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, but like everything else with a blog, you’ll need the traffic to get the sells.
Free Training Across The Web – Believe it or not, most of the training I’ve received over the years are sources I’ve found for free all over the web. I’ve shared a LOT of that info with you on this very website through my nearly 500 blog posts (to date). However, you should also check out sources such as YouTube. It’s true, places such as YouTube are filled with scammers and spammers, but mixed within those are some gems. For example, you can look up keynote speeches on affiliate marketing from various conferences, such as Affiliate Summit speakers. Using free content from around the web is hard to sort out and make sense of, so it’s best to use a service like Wealthy Affiliate because you are able to learn the things you need to learn, in the order you need to learn them, without all the distractions. However, as you progress, you may need to learn something specific, at which point you can go to free sources across the web to learn as you need it.
It’s extremely WordPress-friendly. As you’ll soon see, it’s very easy to add Amazon affiliate links to WordPress. If you decide that you want more than just the occasional link to appear within your content and you want to build an entire affiliate store, there are WordPress affiliate themes and plugins built specifically for Amazon Associates members.
Set up a website. Professional or business websites can also use the Affiliate program. However, they are best used with people who do not sell similar products on their website, since Amazon's marketplace can drive business away. If you have a website promoting different products, a club, a non-profit or a service, then you can recommend quality products on your site and make money doing it.
Another one of the highest paying and most popular dating affiliate programs is eHarmony, which is based on the actual earnings that can be made from each referred sale. Up to $188 can be made from a single sale. In general, the members at eHarmony are typically looking to find serious long term relationships, so many of them are willing to pay extra to find similar people.
Udemy.com – Udemy is an online training platform where “instructors” can create courses and sell them to “students”. There are some extremely high-quality courses on Udemy created by high-quality instructors who really have made a lot of money online, but there are a lot of very low-quality courses as well. Most of the higher quality courses are quite expensive, sometimes exceeding $100. While the training might be good, the training on Wealthy Affiliate is excellent as well, plus you get all the tools, community, and support included as well. Once again, I believe Wealthy Affiliate is the better option.