There are many ways to earn money online with your website, but one of the best ways is to monetize your blog so that you are earning passive income!
What is Passive Income?
Passive income is easily defined as income that is received on a regular basis, in which there is little effort required to maintain it. So, any earnings from your website, which doesn’t require much direst involvement from the you the owner, would be classed as passive income.
Making Passive Income With Your Site
The best source of passive income for any website is affiliate marketing.
Affiliate marketing allows you to sell products or services via your site, which belong to someone else or another company. For every sale that you make, you receive a commission.
For example, you could recommend an eBook on your site within one of your posts by placing affiliate links to that product. Perhaps the eBook costs $39 and has a 50% commission rate. If a sale is made via one of your links, you will receive $19.50 per sale.
The brilliant thing about affiliate marketing is that you don’t have to do anything other than direct people to these products via affiliate links. You don’t need to deliver the item or provide any customer service, you just put links on your site.
You can concentrate on adding to your site and generating traffic, people buy the products that you recommend and you make money!
Websites like ClickBank let you browse vast numbers of products that you can promote. You can also promote products that are listed on Amazon by signing up to their affiliate program. There are plenty of products out there that you can promote and make money from. Just remember that the more relevant your products are to your site, the more likely people are to buy them.
Recursive Affiliate Income
Recursive income is even better! This is where you promote affiliate programs who are selling a subscription service. When someone signs up for one of these programs, they pay a recurring fee to remain a member, usually monthly or annually.
For example, website hosting would be one of these services. When people want to set up their own website, they need to sign up with a hosting company like HostGator or GoDaddy. Each month they have to pay an amount, or a larger yearly subscription fee, to be able to use the service.
If you are an affiliate with a program like these, then every time someone that you referred pays their monthly/yearly fee, you make a commission!
That means that you will continue to make money in years to come, no matter what happens to your site. If you took your website offline tomorrow, you would still receive the commission from these products every time someone that you referred pays their monthly/yearly bill.
The more relevant the product is to your website that you are referring, the easier it is to recommend to your visitors. It can be harder to find these types of products depending on your website niche, but they are out there! You just need to look for them.
For my sites, I tend to promote the products that I use myself. This way, not only can I write better recommendations for then because I have first hand experience, but my visitors can see for themselves that I am using them and getting results from using them.
A great example of this is the email auto-responder service that I use. Anyone that has signed up for my FREE eCourse – How To Make Money Blogging will receive tutorial emails which I have written and set up, via the autoresponder service AWeber . I pay a monthly fee to AWeber for this service, but as I am an affiliate for them, I receive commissions from them regularly every time I refer someone who signs up with them.
When someone clicks my affiliate links recommending AWeber on one of my blogs and then signs up with them, I receive a commission every month for the entire duration that that person remains a customer. I receive that whether I am actively blogging or not, and that is just one of my affiliate programs that I promote!
I know that if I was to suddenly change career and stop blogging, that money would still keep coming in!
Please leave your comments below & feel free to ask any questions.