We live in an age where passive income streams are all the rage. Thanks to the rise of the internet, there are now more and more ways to make money by doing very little. Moreover, there’s always going to be some work to do initially – but passive streams are easy to maintain.
One of the most intriguing lines in passive income generation right now is affiliate marketing. This is a style of pitching where you essentially recommend products through your web content. It travels a little bit deeper than that, of course, as there’s various affiliate marketing software you can use. So – how does it all work in practice, and why might it be a good fit for you?
Affiliate Marketing: The Basics
Affiliate marketing is, essentially, the art of making money through product referrals through content. For example, you may write a blog post and agree to gently persuade a reader to visit a link to buy a product. Each time someone clicks through and buys said product or from said store, you make money back. Simple!
However, there’s an art to this. Ideally, it would help if you had several affiliate partners on the go to have any chance of making serious money. That’s why it often works well to join an affiliate program, where you can pick and choose from different offers.
These programs will then offer you a specific amount of commission based on each sale you generate. Occasionally, you might even be able to make back 40% of a sale – it can really add up!
Software Worth Considering
There are all kinds of software and program choices out there to help you get to grips with affiliate marketing. A great start, on the whole, is to set up a simple landing page shell with WordPress as your CMS (content management system).
Then, it’s worth installing a few plugins and features to help you monitor your traffic and readership. Services such as MonsterInsights help you keep track of how your links are performing.
Consider the design of your blog and site, too. Canva, for example, is a superb app that helps you create some stunning visuals with minimal effort.
Beyond this, do also consider the quality of your written content! Content creation and editing services such as Grammarly and Surfer SEO will help you craft appealing, concise and evergreen words.
Why Is Affiliate Marketing a Good Idea?
Affiliate marketing is an excellent idea if you are already a content writer or already have an authority blog. However, providing you follow white hat SEO basics and build a steady stream of content, success is still possible. Providing, too, that you generate content regularly, you stand more chance to make more money.
Initially, it will likely require some legwork on your behalf. That means you will need to take some time to build up content and to research the best opportunities. However, most affiliate programs are also free to join – meaning there’s no financial loss upfront.
Now’s the time to take advantage of affiliate marketing – who knows how much you could earn?
You may be interested in: What is the Future for Affiliate Marketing?