According to Semrush data, the key phrase “Build Passive Income” term gets more than 250 search hits per day on average in the United States alone. The average CPC for this search term is about $2.12. The global search hits for this keyword is around 900 hits per day. Other variations of this keyword such as “how to build passive income,” “how to build multiple streams of passive income,” “build passive income online,” “top 5 ways to build passive income,” are also very popular with the internet searchers. The total volume of global search volume for different variations of “Build Passive Income” is 295.5K per day on average.
What is Passive Income?
Passive income is a process of earning money without working much. Some of the examples of passive income are:
You bought a house and you are earning rental income from the property.
You published a book and you are earning royalties from the book.
You made software and your software is making money for you.
What is Affiliate Marketing?
Affiliate marketing is selling products and services for a company and earning commission on the products/services sold. Sometimes affiliate marketing is confused with network marketing. While network marketing requires investment, affiliate marketing can be started with zero cost.
Is Affiliate Marketing Passive Income Stream?
Affiliate marketing is definitely a passive income. You have a chance of earning a lot of money without working hard. You will be earning money in the present and future from the work you did in the past.
Building Passive Income Through Affiliate Marketing
There are a lot of ways to do affiliate marketing, for example:
Share affiliate product links on your social pages
Send email newsletters with your product links to your email contact.
Share affiliate product links on free blogging platforms.
Build an affiliate store and make money by promoting affiliate products.
We will talk about the last step in the section below.
How to do Build Affiliate Store and Make Money From Affiliate Marketing
One of the best ways to do affiliate marketing is building an Affiliate Store. An affiliate store is a website where you list affiliate products and make money when the visitors click on the products and ends up buying from the website where it is originally listed.
You can create an affiliate website on any niche (single and multiple), and earn money by referring buyers.
You might ask why people would come to your website that features products that are being sold by other websites. Wouldn’t they visit the main website instead of your website?
The questions are valid, however, in order to succeed with an affiliate store, you will have to do content marketing. In other words, you will be promoting your affiliate products through the content you build around the products you are trying to promote.
Let say, you are trying to sell a fitness tracker. Instead of listing 10 fitness trackers on your website, you will be writing an article on the topic “Top 10 Fitness Trackers for Fitness Freaks.” You will review each of the 10 fitness trackers and drop the affiliate links in your article.
There are two major benefits of promoting affiliate products through content. One, you get traffic to your affiliate store; two, since you are reviewing the products, making comparisons between similar products, visitors are very likely to buy the product.
(This article first appeared on Forum Coin in a byline Mika)
