What is passive income?
Passive income refers to regular earnings that you make from
another source other than a contractor or an employer. Some modern ways of creating Passive income include, signing up for Affiliate Marketing with brands like Fiverr, Selling courses on sites like AppSumo, Publishing an ebook on sites like Amazon and Building websites and blogs on sites like Flywheel. In reality most of the work is done at the initial stage before the income begins to flow organically. However, you may still need to put in some work to ensure that your passive income keeps flowing.
What is the common Misconception about Affiliate Marketing?
Affiliate Marketing is often seen as a ‘get Rich quick Scheme’. This is absolutely not true! There are fulltime affiliate Marketers working round the clock and they can give you first hand report of the amount of time, dedication, initiative and work that is needed to create and market content that will attract sales in other for them to become successful Affiliate Marketers.
Who is an Affiliate Marketer?
An affiliate is an individual or company who is also called a ‘publisher’. An Affiliate marketer promotes products or services of other companies by writing articles and reviews or by creating videos about those products and services in other to attract an audience that will make a purchase. If you enjoy writing or making videos on youtube then you can consider affiliate marketing as a means to monetize your platform.
What is an Affiliate Program?
An affiliate program or the ‘merchant’, also known as the advertiser or product creator is the creator of the product or services that an affiliate promotes. The merchant offers commissions or revenue sharing to the affiliates who are able to attract an audience that will purchase their products and services. Amazon Affiliate Associates, Ecwid affiliates, Fiverr affiliates and AppSumo Affiliates are examples of affiliate programs.
What is Affiliate Network?
An affiliate network acts as a middleman between the merchants and their affiliates. Some companies prefer to advertise their affiliate programs on the platforms of Affiliate Networks because it saves them time and resources to manage a direct relationship with their affiliates. The advantage of signing up with an affiliate network is that, the affiliate has the opportunity to apply to several other affiliate programs on one platform; this means they can also manage their Stats on one dashboard which saves them time, energy and resources. Travelpayouts, Partnerstack and Shareasale are examples of Affiliate networks.
How much is an affiliate Marketer paid?
