Passive income is something that is longed for by many people, and for good reason.
The idea of hustling in the beginning and then collecting consistent residual income payments is very cool indeed and something I think will interest a lot of my readers.
So let’s jump right into this…
How To Earn Passive Income With Affiliate Marketing
The idea behind setting up this kind of business is to create something that continues to deliver income consistently, even if you are not working on it daily, weekly or even monthly.
If you are not yet familiar with affiliate marketing, the very first thing you are going to want to learn about is what affiliate marketing actually is. Once you have an overall idea on what affiliate marketing is all about then keep reading…
The Nutshell: In a nutshell you need to build a website, or set of websites, that target an evergreen topic and once that website is profitable you will want to systemise the entire process as much as possible. At this point the idea is to get into a position where all you need to do is maintain it.
This might seem difficult, and it can be if you don’t know how, but it really is possible and I’m going to get into some more details now.
4 Key Concepts To Creating A Passive Income Business Online
I’m going to go through a list of 4 things that I think are absolutely critical to creating a passive income business. This list is not exhaustive, but it works and I think you’ll really benefit from taking note.
1- What You Are Promoting
Promoting something with a recurring commission can be a great way to create a residual income online. For example if you are promoting a membership site that offers you a monthly commission based on your new referral staying with that company, you could potentially get months or even years of commissions based off only one single sale.
This can be very powerful and something that can snowball your efforts over time.
Regardless of what you are promoting it should be something people are going to continue wanting for years to come. It could be absolutely anything as long as you can see people wanting it for the foreseeable future.
It does not need to be a recurring membership style commission, as long as enough people are wanting what you’re promoting and for the foreseeable future… it will work.
2- Evergreen Traffic
Traffic is the lifeblood of any online business, without it you won’t be making any sales. So it is really important to make sure you are trying to rank for evergreen keywords.
What on earth are evergreen keywords?
An evergreen keyword is something that people will continue searching for for years to come. For example a keyword such as “how to train my German Shepherd” or “Best ways to polish my timber furniture”.
People will continue searching for these for many years to come, and why wouldn’t they?
There are literally MILLIONS of these keywords online and an insane amount of them are completely untapped. It is also important to target low-competition keywords when you are starting out, then scale up as you build more authority.
3- Goal Setting- SUPER IMPORTANT
Setting business goals for exactly what you want to achieve is an important task and one that you should look over regularly. Quite simply, by having clear and focused goals you are much more likely to achieve success online.
One simple way of doing this that has proven successful time and time again for a lot of people is to break your goals down.
Your Goal: I want to be generating an income of $2000 per month for my new website within the next 6 months. Cool… nice goal! But how do you go about breaking that down into manageable steps?
Glad you asked! The answer is it is very simple when you know how and also very motivating I think for anyone starting out.
I call this the “If You Can” Method…
- If you can butter your toast you can build a website
- If you can build a website then you can create good content
- If you can create good content then you can rank in Google and other search engines
- If you can get ranked in the search engines then you can learn other ways of generating traffic
- If you can learn all of these traffic generation methods then you can develop consistent and targeted website traffic easily
- If you can develop consistent and targeted website traffic then you can start converting visitors into sales
- If you can convert visitors into sales then you can tweak your website to increase it’s conversion rate
- If you can increase your conversion rate you can start making some serious money from your site
- If you can make serious money form your website then you can begin systemising everything and outsourcing some components to free up your time and create passive income
GOAL REACHED: My website is now generating over $2000 per month in PASSIVE INCOME within 6 months.
This takes time and effort (anyone that says otherwise is straight up lying to you) but I am not kidding you when I say it is VERY possible and there are endless opportunities online for anyone to succeed.
In the next couple of minutes I am going to show you the best way to get started online and actually do all of the above things in sequence and with ease. I get excited when I think about the possibilities for people online. Think about this for a moment folks… you don’t need some shiny ‘guru’ product that will give you some ‘secret’ or ‘underground’ way of making money online.
All you need is to learn the right way to build a passive income business online using proven strategies and by learning real Internet marketing skills.
“Would I attempt to build a quality house using some secret, push button system or other ‘underground’ method by some fake guru that all sounds to good to be true?”
Hopefully you answered no, I’d hate to see that house in a few months after it was built, if it ever made it to that stage! Your Internet business is no different. You want to learn the proper skills, suite up with the right tools and get support form those that know what they are talking about.
4- Stay Focused
Once you’ve learned all the right ways to build your passive income business then you need to stay completely focused on it 100% and continue building it every day in the beginning.
You wouldn’t expect to rock up for work a day or two per week and magically create a worthwhile income would you? I know I wouldn’t that’s for sure.
You really need to get clear on the fact that this will take work, especially at first. But the beauty is that once things are going well you are literally the owner of a business that is generating you an awesome income while your doing whatever the heck it is that you want to do.
This is going to happen for you if you put the work in, but only if you put the work in!
How To Get Rolling For Zero Cost
One of the biggest things I love about what I do here on this website is being able provide my readers with a solution to building an online business that can be taken action upon for free…nada. It feels good to help people with something that I believe in and that doesn’t require you to arm yourself with a credit card to get started with.
Here is the zero cost and zero risk way to get started online.
I spent years listening to the so called 'gurus' until I finally discovered a real way to generate a full-time income working from home. Click Here for the exact formula I followed.