What is Affiliate Marketing and Earning a Passive Income
Here’s how Affiliate Marketing works (a simplified version): Website owners or bloggers promote a third party’s product by including a link to that product on their website. When a visitor clicks on that link and makes a purchase from the third party the website owner earns a commission.
The easy part (if you are IT literate) is setting up your own website and then adding the Affiliate link to that website. The hard part, however, is attracting customers to your site to click the link and buy the product. But fear not if you join the right programme they will teach you how to do this.
To begin with it is not a Passive Income because you have to generate content (good quality content) which drives traffic and customers to your website. Unless you can afford to pay for advertising then it is a slow process but one which will ultimately earn you that Passive Income.
Tip: It’s best to promote a product that you like and believe in – don’t try to sell things you have little or no experience with.
This is NOT Cold calling your friends and relatives to buy your Products. It’s about learning how to Market your own or other people’s products Online. The Affiliate Marketing system I joined is The Six Figure Mentors and I have to say training is Immense and the Support from the Community Immeasurable.
More and more people are seeing the potential of this new digital age and the opportunities are open to anyone with a Laptop/Desktop, an Internet connection and the determination to make it work for them.
1 in 7 of the UK’s working population is now Self employed the highest % registered at any point in the past 40 years.
Why are we motivated to start from home ?
- A lifelong ambition to turn a passion (hobby) into a business.
- An opportunity in the market and to be your own boss.
- Dissatisfied with your current job.
- Unable to get back into the workplace due to injury or disability.
- Want to spend more time with family & friends.
- Invest in your future – (pension/retirement fund issues).
The most popular sectors for home businesses are:
- Business sector.
- Professional Consulting.
Other Surprising facts about working for yourself:
- You don’t have to have a Product or an Idea to start a business, there is something out there called Affiliate Marketing whereby you sell products on other peoples/companies behalf to earn a commission.
- Over 60% of New UK businesses are started at home.
- Of the new start-ups 64% are women and of this 72 % are not mothers – dispelling the myth of the rise of the “stay at home mompreneurs” (“mumpreneurs” in the UK).
- Of these women nearly 70% have never been in business before.
- The age range – it’s 45-54yrs, the older generation is getting in on the act and I suspect because of the financial impact (Pension fund crisis/economic bust during 2008-2013)
Do you fall into one of these categories?
I fall into most of these categories, the main one – unable to do my job due to the huge amount of stress it put me under. I needed to work, I didn’t have a product to sell, I’m female and nearly 50.
This is what I did:
- I searched the Internet for “Work from home opportunities” and I found Affiliate marketing via a Free 7 Day video series . This was all I needed to know.
- I joined a company called The Six Figure Mentors and launched myself into my new business (with no prior knowledge of anything “Techy”). In the space of 6 months, I have created my own business online.
- Set up my own website via WordPress, connect it to all my social media accounts and market my affiliate products around the world.
- I work from home, choosing the hours I work either from my desktop or laptop.
- I did this with the support from a multinational community which I actively participate and receive continuous online training and updates.
I didn’t find it easy, in fact, it can the most frustrating business on earth (due to my lack of knowledge regarding IT systems). But you don’t have to have any previous experience working online or be technical to succeed. But I have an amazing support team around me who are there 24/7 because they are international.
Let me introduce Stuart Ross Co-founder of The Six Figure Mentors. This company offers 2 products:
- A comprehensive guide to setting yourself up online as an Affiliate marketer selling other people’s products to earn a commission.
- An in-depth training programme called Digital Experts Academy helping you to market your existing product online.
Stuart Ros – Since starting my online business I have been to places such as The Maldives, Dubai, Thailand, many City breaks across Europe and I now even live in Miami Florida 80% of the time. Travelling is one of the many “perks” of owning an online business, and having both the financial freedom and the time freedom to just get up a go when I want feels great. It’s even one of my long term aims to have ‘a friend in every city’ And with this type of business that may just be possible! Anyway, rather than keep rambling on… I’m sure you just want me to get on with it and tell you what was the golden nugget I learned that allowed me and so many that I have worked with be so successful!
Well very simply put it’s…
One of the most powerful concepts I learned from the top mentors I have worked with is to create financial freedom in my life I was going to require leverage.
But what is leverage, really?
Well, the Thesaurus says it’s: influence, power, force, control, pull, weight. But in my words, leverage is doing more and more with less and less. Less of what? Less time, less effort, less energy, less worry, less investment. More of what? More income, more results, more value, more free time.
If you’re currently trading your TIME for MONEY, you can only exchange about 14-15 hours a day and only earn so much (and you’re literally selling your life). But if you can LEVERAGE time and have “systems” set up that run on their own, there’s virtually no limit to how much you can earn. So… the true secret to living an abundant life is not to get a great job, but to learn how to leverage your life.
This has obviously been made more and more possible by having the Internet at our fingertips… Now there are certain forms of leverage that most people have absolutely no clue about. These are only used by a very small majority of every society who use it to live a life of abundance. The funny thing is, the ones that don’t know about this kind of leverage are taught to believe that these things are “too risky”! Ironically, that’s exactly why they never become wealthy themselves.
How Do You Leverage Time?
Well, one of the most popular and obvious ways is to become a traditional business owner – this is someone who leverages their time by having people work for them. The problem with this, however, is that for a lot of people it’s too risky (expensive) and time-consuming to start this kind of business.
Another way, however, which I guess is less known and talked about, is to become a ‘digital business owner’. In other words, someone who has a digital business that is Internet-based and can be started at a fraction of the cost of a traditional business and can even build part time around a job…
The bad news is that most people who think about starting an online business and creating a life of freedom and flexibility don’t ever even get started…
Because, well frankly, they just don’t have the technical know how to get up and running.
The good news however is that thanks to millions of dollars invested in our cutting edge technology, our students (just like you) are able to get up and running with a profitable online business – with no prior experience or technology hurdles slowing them down!
With little more than the skills, simple tools and resources that you already have, you could be up and running with your own profitable online business in a matter of days when working with our proprietary ‘Digital Business System’.
If you can master the art of marketing then it doesn’t really matter what business/product you have. Business opportunities will come and go, but the understanding of how to effectively market will last forever.
Most people live the life they think they have to live. They are unfulfilled, overworked, stressed and stuck in a system that exploits them instead of helping them achieve their highest potential. They get the education they think they need to get the job society says they should want. Unfortunately, most lack the life skills required to be self-made and self-reliant. Our vision is to wake up millions of people to realize the tremendous potential that lies within themselves. And further, to show them how to harness and exploit this potential in the new, digital economy. In doing so, they will transition from reliance on their current job or occupation to a life of freedom, self-reliance, and total control. They will do good in the world by creating wealth and abundance not only for themselves, but also for their communities and those around them.