How to Make Passive Income While Counting Sheep
Can you really make money while you sleep? Of course you can. But here’s the kicker. The absolute truth about making money online that no one will tell you is that it’s going to COST you something. When I say ‘cost’ I’m speaking in terms of your time, your energy, your diligence, your persistence and patience. I know that’s not what you want to hear. But this is not a get rich quick overnight scheme by any means. Hey, anyone who promises otherwise is dreaming.
The good news is that you definitely CAN make money while you sleep, after you die; for your loved ones, and from anywhere on this planet of ours, provided there’s an internet connection. And lots of it. In fact, an unlimited amount. The amount that you could not possibly make working a typical 9-5 position that most people work at for the majority of their lives. We call this ‘passive’ income in the Internet Marketing (IM) world. You just need to learn how to do it.
This post contains affiliate links. Please read disclaimer.
There’s no way around the learning part. Anyone who tells you you can get rich overnight is a scammer plain and simple. Even if you’re a Master digital marketer like Neil Patel and know just how to get gobs of traffic to your website or blog in an organic fashion, even then it’s going to take some time. Do you have several months or years to wait?
If you want to make money online in a hurry you will need to pay Google or Bing or Facebook for traffic to whatever you are selling or promoting. You could always buy PPC (pay per click) Ads to bring immediate traffic to your promotions. PPC Ads are sponsored ads that show up in the top and right section of a SERP or search engine results page.
Even with those paid methods there is still a waiting period to get your ad approved, which could take a few days. But once your ad is approved you will get traffic to your offer, article or service. Does this all sound discouraging? Why did I even start reading this post? I am here to tell you the absolute truth of the matter that’s why. So you DON’T WASTE YOUR TIME or your precious dollars on fly by night scams of some companies out there making false promises. I am here to tell you straight up what is worth it and what is BS.
If you don’t have your own product(s) you can still make extra money online fast by selling someone else’s products and get commissions for each sale you make. And get this, you DON’T EVEN NEED TO HAVE YOUR OWN WEBSITE.
This formula can generate a machine which can make you an unlimited stream of income for years to come, while you’re traveling, sleeping, even well after you die. It’s called Affiliate marketing.
In the words of Pat Flynn of Smart Passive Income, “The Beauty of Affiliate Marketing is you don’t have to invest the time and effort to create a product to sell, you can begin selling something as an affiliate as soon as you have a platform to sell it on.”
I make a full time living at it along with hundreds of other bloggers and online digital nomads. To learn more keep reading. Just understand that this is a legitimate business, not a get rich quick scam. It involves real work and effort. However, if you follow the methods the rewards can be incredibly lucrative and surpass anything you can imagine in a ‘regular’ 9-5 business working for someone else.
Affiliate marketing has been around for a while and is still considered to be one of the world’s fastest growing and best internet marketing techniques on the internet. Some folks may think it’s out of style but let me tell you something, the world of digital advertising isn’t going anywhere. Everything old is new again.
In fact Affiliate marketing is said to increase by more than a billion dollars to around $6.8 billion in the next two years – Forrester Research.
Advertisers and companies are paying more now for bloggers to promote them. Here’s a screen shot of a month’s worth of payouts from affiliate marketing alone from Michelle Schroeder Gardner of Making Sense of Cents.
In my expert opinion, affiliate marketing is the most efficient way to earn money as a blogger. Think about it. Ad revenue is directly tied to your page views. Period. If your page views don’t increase, your ad revenue will remain stagnant. If your page views decrease, your ad revenue will also decrease.
Sponsored posts are limiting, in my opinion, for two reasons:
1) Some readers are sensitive to sponsored posts, so I like to keep the vast majority of my content organic and take on very few sponsored posts per month; and
2) They can take a TON of time and even if you are earning a great flat rate, your return on investment is going to be limited.
Affiliate marketing, on the other hand, is NOT directly tied to page views. I sometimes earn more through affiliate sales during months that my traffic is down than when it has hit a record high!
Just about all companies offer affiliate marketing opportunities, including stores such as Amazon, Walmart, Best Buy, Ebay, Sephora, Adidas, Stella & Dot and literally hundreds of others. In fact more and more companies each day are adding affiliate programs to their websites hoping to attract bloggers who will promote them.
Think of affiliates as influencers. Today major advertising companies don’t want to spend hundreds of thousands on celebrities to market products and services. They are turning towards ‘influencers’. Regular folks and bloggers just like you & I with a following to sell products. Now there’s even the term ‘micro influencer’ which is a person with a smaller social following.
Micro influencers are creators on social media platforms who typically have between 1,000 and 100,000 followers. These creators typically build followings around niches like travel, fashion, beauty and photography, and cultivate communities surrounding their content.
Affiliate Marketing has made me and others literally thousands of dollars in a relatively short time. I rapidly acquired a full time living implementing the many different methods and techniques from the pros.
When done the correct way, affiliate marketing can be an incredible ‘somewhat passive’ form of highly lucrative income. I say ‘somewhat’ because I never believe anything is passive nor would I want to be involved in anything that was.
Pat Flynn of Smart Passive Income has earned over $100,000 in affiliate marketing income. That ain’t chump change.
“If you’re not earning money through affiliate marketing, then you are leaving money on the table”. – Michelle Schroeder Gardner, Making Sense of Cents
So, let me reiterate – Can you really make money blogging while you sleep?
There’s no reason why you can’t learn how to do it too. There are thousands of Businesses and Retailers that need your help. And methods of Digital Advertising are only going to increase.
Listen. Blogging can be really difficult.
Many bloggers and online influencers skip over affiliate marketing. They either think it’s too hard, that it’s a waste of time, that they will turn followers away, or that their followers just won’t be interested.
However, if you’re not earning money through affiliate marketing, then you are leaving money on the table.
Perhaps you’ve tried affiliate marketing in the past, but nothing seemed to work.
Now, you just feel like it’s not possible and that you’ll always be stuck.
Trust me, I know how you feel. When I started out blogging, I knew NOTHING about it.
And due to that, I was afraid to try new things, and I was definitely afraid of affiliate marketing because I didn’t want to scare my readers away or waste my time.
Michelle earns over $50,000 a month through affiliate marketing, and she shares all of my best tips in this course.
In this course, there are 6 modules, over 30 lessons, over 20 worksheets, bonuses, an extremely helpful exclusive Facebook group, and more, and she goes through everything when it comes to affiliate marketing, such as:
- What affiliate marketing is and how it works
- Why affiliate marketing is great
- The exact steps she’s taken to earn over $300,000 from a single blog post
- How to pick the right affiliate products to promote
- How to increase conversions
- How to build trust and not lose followers
- Required disclosures that you need to know about
- The one major tool you need for affiliate marketing
- Different strategies to use to promote your affiliate products
- How to use Pinterest to succeed at affiliate marketing (yes, this includes the newest Pinterest affiliate rules!)
Why Is Affiliate Marketing a Great Way To Make Money?
1) Cost effective:
Marketing on the internet is cheap, there’s no concerns about production cost and you don’t need a physical business address or hire any employees.
2) Global Market Exposure:
Online marketing gives you the opportunity to reach people in any country all over the world.
3) Affiliate Marketing is Affordable:
It is completely FREE to join Affiliate programs. Some programs require you to have a decent amount of traffic and some accept anyone who has a website/blog or who markets on social media platforms.
4) No Storage/No Shipping:
You never have to worry about storage, packing or shipment of the product. These tasks are all taken care of by the seller.
5) No customer support to manage:
You don’t need to provide any customer support or deal with consumer complaints, returns or exchanges because you never deal with the customer. The company does.
6) Somewhat Passive income:
A steady job provides steady income. Depending on your Affiliate marketing skills, Affiliate marketing can create a steady flow of income even when you are sleeping or even years down the road!
A single sponsored blog post has created over $50,000 – $200,000 and up due to Affiliate marketing. – Smart Passive Income
7) Work from home:
Need I say more? You can skip the traffic, co workers and the daily grind of the office. However, you need to have conscious dedication, consistency and laser focus to work on your own.
This is NOT a get rich quick scheme! Affiliate Marketing takes work, some skill, dedication and some web traffic. But done the right way, it’s a fantastic way to increase your income exponentially.
Many Products to Promote in Your Niche
There are so many different products, services, and companies to promote. There’s something for everyone!
Products you could promote to your audience include:
- Office Equipment
- Website hosting
- Accounting Products
- Children’s Books
- Beauty Supplies
- Snore Relievers
- Gourmet Wine
- Amazon products
- Home Meals – 50% off family meals
- Stationary supplies
- Baby Clothes
- Gourmet Steaks
The list is truly endless!
Articles of Interest
How can you make extra money online fast with affiliate marketing?
First sign up with a company like Share-A-Sale , Clickbank, Rakuten etc for example and choose products to promote – it’s always best to choose products that you’ve actually tried yourself or stand behind the company’s practices.
Another great way to learn about affiliate marketing and to get started fast with a website, niches, backlinks, affiliate links etc is with either a company called Wealthy Affiliate or Affilorama.
You don’t want to promote a product that you know nothing about or a company that has a negative reputation because this could damage yours.
Next, you need to get your affiliate account set up – get affiliate links for that product – and promote them on your website/blog, through social media platforms, YouTube and even email campaigns.
There are affiliate opportunities that pay a lot more in commissions and one of the best ones is Share-A-Sale.com. Share A Sale has tons of online retail businesses and the commissions are substantially higher than most other affiliate programs which makes them attractive to a lot of online marketers, which means there is a lot of competition for their products.
Another thing you can do is start a YouTube channel and promote your Share-A-Sale affiliate products there.
You simply put your affiliate links underneath your videos in the description box.
Sponsorships and affiliate marketing with YouTube
For some YouTube creators, ad dollars only go so far, and a significant portion of revenue comes from sponsorships and “affiliate marketing” (when brands offer a commission on any sales or traffic that the creator’s content drives).
Affiliates function pretty seamlessly through YouTube; anyone can include links to featured products in their video’s caption, and when audience members click through and buy them, that YouTube channel gets a small kickback.
Many YouTubers prefer Amazon’s affiliate program, “Amazon associates,” although there are plenty more to choose from.
But sponsorships are generally where the big bucks are made, and where intermediaries like Medianet and other agencies come in.
This is the major leagues: Most brands aren’t interested in YouTube channels with fewer than 200,000 to 300,000 subscribers or average views of less than 10,000 to 20,000 per video, says Asano.
The bar is also high because videos cost more to make, and require tricky negotiations —the sponsor will want to know where their product will be featured, for how long, and so forth.
“When we’re connecting top brands with top influencers on YouTube, you’re talking a minimum budget of $50,000 to $100,000, and it just goes up from there,” Asano explains. “Some of the biggest YouTube influencers get paid $100,000 to 200,000 for a single video. And then those videos get millions of views. That’s why there’s a lot of money in the space.”
Resource – Charlotte Cowles The Cut
Another free method of promoting your affiliate offer is doing article marketing. You can write an article about your affiliate offer and submit that article to all the free article directories you can.
Once you feel comfortable you can contact companies to write articles for them and eventually you will have companies contacting YOU to write articles and sponsor products for them.
Article marketing is good because it is free, it uses skills you already have and it sends traffic to your site. Believe me, that traffic keeps coming for a long, long time. I am still getting traffic from articles I wrote three and a half years ago.
I have used these articles as samples of my work, and to get people to see more of my work. You can do the same.
You can get a free website from Weebly.com and blogspot.com or blogger.com. Not my recommendation though.
Contact us if you don’t want to do it yourself and need one built.
Once you become more established you can set up your own more professional website through WordPress, Squarespace or another of your choice.
Another simple way to make extra money online fast with your laptop or computer is by selling services on Fiverr.com, Upwork or Freelancer.com
Just take a look at what is being advertised for there and see what you can offer. It may seem like a small amount, but if there is a service you can offer that takes you 5 minutes to complete it can add up nicely. You just need to set up your profile and promote your services.
Some more FREE sources of traffic:
- Your own blog
- Your Email contacts
- Google Plus
- Linked In
I make a very comfortable full time living through affiliate marketing and blogging and so can you.
**For a free extra in-depth post on how to generate a full-time income with affiliate marketing read this from Masterblogging.com. He teaches people how to build affiliate blogs that earn passive income while you sleep!
From this post you can clearly see that there are so many great methods to make money doing affiliate marketing and the 6.8 billion dollar market is only expanding. It’s a wonderful business if you’re looking to get into internet marketing regardless of your previous working background or education.
It’s fun, inspiring and fascinating to learn. And the great thing is that you don’t need any previous technical knowledge and you can start off with it as a side business or go full throttle into a full time gig! The choice is yours.
But you have to get started:)
Get started today learning how to make a passive income while you sleep with proven formulas with Michelle’s Making Sense of Affiliate Marketing.
It’s just the tip of the iceberg!