Today I want to talk to you about one of the ways that I make passive income online.
I’ve done a couple of videos about this, teaching people different methods — whether it’s selling your own digital product or an online course — but today I want to focus specifically on affiliate marketing, because it’s probably the most accessible thing to the vast majority of you, even if you have a 9-5 job.
Put in the work
It’s reasonable to make an extra $100 a day in passive income if you do it right, but it’s not something that just anybody can do overnight. You have to be prepared to learn new skills, market yourself, create content, build an audience, leverage social media platforms. It’s not for people who are lazy and want to get rich quickly.
So, do you know why you can make $100 a day with affiliate marketing? There are programs out there where companies sell a product, and the commission on the sale for that product is between $30-100 upfront, which means you have to make 1-3 sales to get close to $100. There are plenty of them out there.
Bluehost: It starts out at about $50. I’m at a higher tier and I do $85 a sale because I can talk about building websites. There are a lot of people who are starting online businesses, and I can give them tutorials, training and I can also offer a discount to anybody who uses my affiliate link for that particular thing.
Epidemic Sound: I’m a YouTuber, so I have a lot of people who watch my videos about how to grow on YouTube. Every time someone does a 30-day free trial with Epidemic Sound, that is a $30 commission for me just for giving them the link of how to use royalty-free background music on their YouTube video.
The value that I’m providing to people is the resource that they didn’t know about before to replicate the success that I have. The difference is that you get a commission.
I started early
When I was a kid, I loved selling things. I would go to Walmart and see how many electronics I could sell and I would try to outsell the salespeople on the floor just because I could.
As a teenager, I did this with Best Buy. I really had that much of a passion for selling and the gift of gab. Psychologically, I validate myself by how useful I am to other people, and it has been very profitable to think of myself in that way. Now imagine if that entire time the company would have given me a commission for selling products.
A lot of people get a salary and a commission when they sell. The difference with affiliate marketing is that you’re just signing up and putting in your email address and your payment information, and then you can be part of the sales force of a company.
The good news for them? They don’t pay your salary, your healthcare, and they don’t have a lot of obligations toward you.
The good news for you? There is no barrier to entry, no vetting process, and you can start making money right away — as long as you can hustle and you can sell for them. Granted, you only get a small portion, but you don’t have to build a product of your own, you don’t have to own the platform or have any other responsibility. That’s why affiliate marketing isn’t a scam but a win-win for a lot of brands and companies.
Why so few affiliate marketers?
If it’s so easy, why doesn’t everyone do it?
First, not everybody is internet or tech-savvy.
Second, not everyone has an area of expertise or passion. I know because I was a web designer for a lot of online products and also the needs of an online business.
Since I am an online business owner, I can recommend everything that I use for my business, and the majority of it has affiliate links, whether it’s the conference calls that I set up for my coaching clients with zoon.us, there’s an affiliate link for that; whether it’s the mail marketing systems that I use that helps me have my newsletter and re-market and sell my courses/digital products/services to the people on my newsletter; whether it’s the apps that I use for certain projects or the invoicing system. All of these products that I use, the companies would love for me to advocate for them.
- They want to give me a commission for helping make the sale.
- I want to make the sale and make some extra money or passive income recommending something I already use every single day.
- The average consumer loves it when somebody reveals part of their process or giving them tips/advice. They want to do it, too, and they are going to spend that money somewhere. You might as well benefit from helping them out.
This is why it’s so valuable to do content marketing, building a podcast/YouTube channel/a blog/an Instagram page. My YouTube channel helps you get from zero to 10,000 followers on the platform of your choice. The beauty of this is that you don’t even need a big audience because it’s down to making the one sale.
There are affiliate programs that do percentage commissions.
I’m a super affiliate with TubeBuddy and also a brand ambassador for them. They sponsor content on my Youtube channel regularly, but I also get a 50% commission recurring on lifetime sales for the YouTube browser plug-in called TubeBuddy, which is an amazing deal for me.
If somebody came from my channel and used my tips and advice and then signs up for the product, 50% of the fees associated monthly with their account is something that I get for facilitating that relationship. It is a fantastic deal for the company and for me, and it incentivizes loyalty.
If you can find products and services in your niche that have either percentages/recurring revenue/high-payout flat rates of $50-$100+ attached to them, then you can make $100 a day in passive income with affiliate marketing.
The basic requirements to do affiliate marketing
- Identify your niche
You need to identify what niche you are in first.
Do your research on Google and find out what affiliate programs exist for that niche.
Take a look at the brands and the products that you use every day for whatever you’re doing and see if they have an affiliate deal. It is that easy.
- Website is a plus
Many of these affiliate programs will ask if you have a website. You should have a website if you want to do affiliate marketing, even if it’s not going to be the primary place that you do that, as it’s more likely for you to be approved if you have one with some decent traffic.
Amazon is the easiest place to do affiliate marketing. Even though the percentages are very low in terms of your commission on the sales, they have more products and variety of categories than anyone else, and it’s a brand that people trust.
Some programs approve you with your social media accounts alone. Try to apply, and you can always apply again with your website in the future if you are turned down. If you need a website, I have an affiliate link for Bluehost and they give the members of this community a rather large discount. Go to robertoblake.com/bluehost and you will get a massive discount, I will get a commission. See, this is how affiliate marketing works.
- Resource page
When you have your website and blog set up, you cannot only put these affiliate links in your post — you do have to disclose them — but you can also make something called a “resource page”, which is just a list of everything that you use for your business, and you can have affiliate links for that.
Like I said, there’s a massive amount of affiliate links that I use day to day as resources for my YouTube channel. A prime example is B&H Photo Video. Links are in the descriptions for all the camera gear, and if anyone wants to produce the quality I use, they will get the camera gear that is behind this channel, right? Same thing for the podcast.
- Content strategy
Make content that’s helpful and useful to people in your niche that can directly relate to a product or service that you get an affiliate commission for. Subscribe to my YouTube channel for more on this topic.
- Multiple platforms
Making content on different platforms helps. Starting a blog and writing 1-2 articles a week is a good place to start, and an article takes only up to an hour to write. If you start with high-end affiliate products in your niche that have high commissions or high percentages (20-30%) of the product sale, then you’re closer to that $100 a day goal, even with a small audience if you can get them to be loyal and if you give good information.
As long as this piece of content exists, there’s an opportunity for it to make you money by using your other social media links and outlets, whether it’s starting a Facebook group or page, Twitter, Instagram, IGTV — whatever method you use, you can link to this content from your website, get traffic back to your website, and then it’s more likely that people will buy something from your affiliate links.
So, having content to distribute in social media is really practical. Another underrated example is writing articles, posting them on LinkedIn and in LinkedIn groups, and then getting that traffic back to your website. People who read those articles on LinkedIn tend to be more affluent and more willing to spend money on something.
If you’re going to do YouTube content, I recommend doing tutorials and product demos that showcase why someone should use this, who it’s for, and whether it’s a good deal or not and then recommend it. You can always recommend alternatives, do comparison videos, these are the types of content that usually convert massively in terms of sales, probably the best funnel for making affiliate revenue from products.
So, if you’re looking to do big sales with affiliate marketing, you want to do it on YouTube.
Whether it’s written content with photos or videos on YouTube, doing a breakdown of all the things people could buy, the timing of those videos is actually really good for affiliate marketing, especially during holidays, around certain tech releases or in the back-to-school period.
I’ve known people to have ridiculous $10,000 a month paydays from just hitting the right time with the right content on buyer’s guides.
Don’t be intimidated
If you have no audience and don’t understand marketing, you can subscribe to our channel, we have tons of free videos that talk about entrepreneurship, marketing in different social media platforms like Instagram and YouTube, building a podcast, building an audience from zero, email marketing, etc.
It’s free content, you don’t even have to buy a course. It just means you have to watch a few of my videos instead of whatever is on Netflix. And that’s the only price you really have to pay for it: Time.
If you use any of the affiliate links down in the description below (the resources that I’ve talked about) I will benefit from that monetarily as well, so it’s a win-win for everybody.
Be patient and think about your future
Now you know how affiliate marketing works, and you are ready to get started, as long as you are willing to hustle and realize this will not be an overnight success story.
It can start making you some extra income, some side money. Then you can start to diversify your revenue streams because there is no such thing as job security anymore. I’m not saying quit your day job, but a lot of people are having their circumstances taken out of their hands: losing their job out of nowhere, or the industry has changed, or they are getting older, maybe the place is not valuing loyalty and experience anymore, or health issues arise
I want people that are in that situation to have the information, to help them get by or move to the next level, and have more financial freedom and more control over their lives.
Question of the day
If I’ve helped you do that today, then I feel like I did a good job.
Are you diversifying your revenue streams or relying on just one stream of income?
I really want to know this. I want to understand where my audience is so that I can talk about those topics more.
If you have questions about passive income or affiliate marketing, drop those in the comment section, and I’ll try to reply to as many of them. Subscribe on Youtube and hit the notification bell, share it with a friend.
Hopefully, you guys enjoyed this. I really dig getting into these topics because it is what really helped me be successful: learning how to sell and understanding that digital commerce and the global economy are accessible to almost everybody. I think it’s great to give more people the opportunity and a fighting chance.
Don’t forget: go out there and create something awesome today. You might just make a few bucks off of it.