There are a few different kinds of affiliate income and I want to discuss these with you today. I am going to be covering the 2 ways that you can earn commissions and increase your monthly revenue. In order to earn any type of affiliate income you must first sign up with a few affiliate programs. There are hundreds of different affiliate programs you can sign up for and the process is pretty straight forward.
Affiliate income where you make a sale and get paid one time
This is the most common type of affiliate income and it is called linear income. Affiliate marketers everywhere are making these commissions on a daily basis and I wanna explain how this process works. For example let’s say that you are promoting a product that sells for $60 and you get a 50% commission on each sale that you make. So you get $30 every time you make a sale.
I would say that’s a pretty good profit wouldn’t you? The only problem with this kind of income is that it’s not a recurring income where you get paid every month. It’s like working at a job the minute you stop working at it the income stops. You have to continue working harder to get each sale then you did before to keep the commissions flowing.
Let’s say that you made 50 sales in a months time and you have earned a total of $1500. This is how an average affiliate marketer gets paid and this is a pretty good income.
Affiliate Income that will continue to pay you every month for making just 1 sale
Continuing on from our example above lets say that those same sales that you made was from promoting a product that had a recurring commission every month. This is called residual income or also referred to as passive income. Here’s how it works you make 1 sale and you continue to get paid month after month year after year for as long as the member is subscribed to the service.
So lets continue on and say that those 50 sales you made in 1 month was all with a recurring commission. You will get paid $1500 the first month and as long as those 50 people keep their membership paid up you will continue to keep getting paid every month.
We are now into our second month and we have improved our marketing strategies. We managed to get 100 sales this month and have profited $3000. That brings our total profit up to $4500 in sales over a 2 month period. I could keep going on here but I think you get the basic idea here don’t you?
This is how a smart affiliate marketer gets paid. It takes the same amount of effort to sell a product with recurring commissions as it does to sell one without one. Would you rather be an average affiliate or a smart affiliate?
Ways that you can start earning residual income
- Subscription services- There are hundreds of different membership sites that have an awesome affiliate program that you can join.
- Create your own service- This could be an SEO service where the client pays you a monthly fee to maintain the SEO rankings on their website. You could also offer a content management service as well. You would charge the client a set amount each month to write content and keep their site organized.
- Creating review pages for various products- This can take some time to get it tweaked just right. Once you do though that review page will continue to get you sales on a daily basis. It could even be years later and you will still be making sales off it.
Where can you get more information on both of these types of income?
Now that I got you excited about the 2 types of earning affiliate income. I’m sure that you would like more information about where you can find some free training on this subject. Wealthy Affiliate is the place where I have learned how to make affiliate commissions and I am proud to say that I am making some money from following the training offered there.
You could be doing the same thing as well, but first I want you to check out my Review so that you can get an inside look at everything they have to offer there. I hope that this article has helped you see the different types of affiliate income that you could make in affiliate marketing.
If you have a question feel free to leave it below and I will be more than happy to answer it for you. Your Friend Scott