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A-Z Blog Challenge Day 17: Passive Income from Your Online Business

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Posted by Cindy on April 17, 2013 at 3:20 am

PASSIVE INCOME FROM YOUR OWN ONLINE BUSINESS.

Some subscribers have asked me

“Do I have to keep sourcing and promoting affiliate programmes day-after-day, every day?”

Well the answer is Yes and No.

We’ll start with the YES aspect

  • Yes, you have to constantly be informed of the latest developments in your niche. Hence, it pays that the niche you are marketing is one in which you have interest in.
  • You need to be informed of the latest affiliate product launch especially from the marketers in your niche.

NO

  • You can create a residual income business from affiliate marketing.
  • You can further scale the business or enjoy a quality lifestyle with your family once your affiliate marketing income replaces your monthly income from a regular job.
  • You can choose to spend less time on your affiliate business or create another stream of online income.
  • For more information, I have negotiated a deal for your to receive this eBook free at no charge

Recession Proof Your Income

How to Create Passive Income from Affiliate Marketing

I first learnt about this term from New York Times bestselling author Robert T. Kiyosaki in his famous book “Rich Dad, Poor Dad”.

In this book he wrote about why the rich do not work for money and instead have money work for them. He explain the concept of passive income, which is income that comes in day-in and day-out once the effort has been expended to create this system.

vendingmachineFor instance, if you own a vending machine business, you do not need to be there to operate the business but can collect cash from the sales. The only effort you have to build is the route that the vending machines are based, arrange for people to replenish the stock and manage the cash. So how do you create your own ‘vending machine’ business from affiliate marketing?

  • Marketing affiliate programmes that pay residuals

You can start to choose affiliate programmes that pay residuals such as

  • web hosting packages
  • SEO packages that others will require monthly

By promoting these programmes, you can acquire a monthly residual income. For instance a web hosting package pays you $3 per sign-up and if you have 10 subscribers who purchase from you, you will have a $30 monthly income from hosting along and that excludes people who buy more expensive packages.

  • Be an affiliate for a product that people need to replenish monthly

If you promote affiliate programmes such as consumables like beauty care or food products, you can gain a nice residual income. Ideas for these residual affiliate business includes gift business, beauty care and food business.

  • Affiliate Programmes that pay you a second-tier income

Another type of affiliate business is one that pays you a second-tier income in addition to the affiliate sales you bring in. That means it pays you an income on the sales made by affiliates who sign up with you. In this way, you can earn not only from your own efforts but also from the efforts of others.

These are just some of the ideas that can help you gain passive residual income from your affiliate marketing business. For more ideas on creating passive income, check out this book by one of my friend, Adam who is a successful online marketing at only age 26. And they call him the Lucky B*stard!

 

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