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As the topic title implies, how do you turn product promotions or recommendations into passive income? Well, the short answer is through Affiliate Marketing.
Affiliate marketing is a set of strategies where an affiliate (or affiliate marketer) will try to promote products to their established audiences by providing them with affiliate links that they can click on.
These links will direct them to the sales page and whenever they buy something using your affiliate link, the marketer will receive a percentage commission based on the original sale.
How Does It Work?
Essentially, a person who wants to become an affiliate will have to join an affiliate program that can be found on the internet. Once they are enrolled in the program, they will have the freedom to choose whatever product/s they want to promote. After this, they will be given an affiliate link for every product they want to promote and, again, these links will direct the user to the product page where they will have the chance to buy any product the marketer’s partner merchant offers.
The affiliate, then, for them to be able to promote the affiliate links, would have to have their own platform of choice. This can be anything. It can be their own dedicated website, their own blog, social media account, or even a Youtube channel, among various others.
Remember that the marketer will only be able to earn commissions every time a sale is made using the affiliate link that was provided for by their partner merchants.
What Are the Benefits?
There are a lot of benefits to affiliate marketing, which makes this quite an appealing option for anyone who wants to generate passive income.
One of the major benefits of affiliate marketing is convenience. So long as you have a pretty good computer with a reliable internet connection, you can start creating content on your website or social media accounts while also embedding certain affiliate links on them as well.
Aside from that, the money that you can potentially earn will be tied to the amount of time and effort that you are willing to put in. Sure, you can invest only 2-3 hours of your time every day on affiliate marketing, but the more time you put it, the more money you can potentially earn.
Another benefit is that you really do not need a huge initial investment. Again, so long as you have a working computer and a reliable internet connection, you can pretty much get started with your affiliate marketing career.
There are even some people that made affiliate marketing as their primary job simply because of the many benefits that are associated with it.
Just remember that as an affiliate marketer, it is your job to create compelling content so that you will drive more traffic to your blog or website or social media account.
Once you have amassed a loyal following, suggesting or promoting products to them will not be a hard task at all.