How can I make passive income?

5Comments

online-business-passive-income-1

Someone asked me,  “What is the next big thing for passive income?”

The word “passive” is very relative. If you want to make income without doing any work, you won’t find a solution here. You can outsource a lot of the work, but of course, you’ll have to pay for that.

Usually, you get passive income by doing a lot of work up front. Passive income is not doing 1-on-1 coaching in which you get paid by the session or package. That’s not to say you can’t make a lot of money doing 1-on-1 coaching, but it isn’t passive income.

Partially passive income would be creating an electronic product and selling it. You still have to promote for each sale but the delivery is automatic.

Let’s talk about some ways to make income that’s even more passive, because everyone wants passive income! Read More

by Ellen Finkelstein

Anatomy of a free affiliate arrangement

0Comments

internet-marketing-free-affiliate-arrangement-1An effective way to partner with someone is to offer unlimited future commissions in return for sending people to your website to get some free bonuses.

Why is this type of affiliate arrangement so effective? Lots of people will sign up for the free products, because they don’t have to buy anything. This makes the technique a powerful way to grow your list. Then, when the subscribers do buy something in the future, the partner will get affiliate commissions. The trend now is to set your affiliate program for cookies that never expire. Another trend is to use an affiliate program that recognizes referrals by their email rather than a cookie — this is generally a more stable setup long-term.

The process is a bit complicated and will probably take 3-4 hours of your time. Here are the steps: Read More

by Ellen Finkelstein

8 steps of an affiliate program

4Comments

In order to increase sales, many marketers use an affiliate program. It can be very difficult to reach enough people in your target market and turn them into customers. But with the help of others, you can greatly expand your reach.

Affiliate programs can be very complex. They can be 1-tier or 2-tier. You can pay your affiliates yourself or let a 3rd party make the payments. But the 1st step is to understand how an affiliate program works.

Here’s the basic 8-step process.

internet-marketing-8-steps-of-an-affiliate-program-1I’ll explain each of the 8 steps in more detail. Read More

by Ellen Finkelstein

Making money as an affiliate

0Comments

You probably use products and services that you like. Of course you do! Everyone has favorites that they like. Perhaps you even wrote a rave review on a website such as Amazon.com.

internet-marketing-affiliate-programs-1When you are searching for a product to buy, you read the customer reviews, right? They’re usually very valuable for making a decision.

You can make money selling your favorite products and services to others — IF you have an online audience. The most popular way to do this is through an email newsletter but if you have a popular blog, that could work, too. A combination of both would be better.

Here’s an excellent blog post from Entrepreneurs-Journey.com about making money as an affiliate marketer.

How do affiliate programs work? Read More

by Ellen Finkelstein