Passive income. It’s the golden unicorn of online business, the dream every blogger chases.
But passive income isn’t just one plan or income stream. It’s made up of several different types of income streams flowing into your business, and one of the most popular is affiliate marketing.
Promoting products and services through affiliate programs allows you to:
Imagine referring a reader to a program like MyFreezEasy or Fit2B, and when she makes a purchase, you get paid. But even better, because of cookie tracking, if it takes her awhile to make the purchase—even if you haven’t made another promotion—you’ll get paid for that as well depending on the cookie duration! That is the power of affiliate marketing, and why it’s such a big part of your passive income strategy.
Of course, you can’t just start signing up and dropping links everywhere. Well, you can, but you won’t have a lot of success. Instead, you’ll want to put some thought and planning into your affiliate promotions, so that you can provide your audience with relevant resources they need and want, and so that you can grow your passive income as well.
Learn how I make $3,000 a month in affiliate sales on my site Serendipity and Spice.
Even if you have a small audience you can maximize your income through affiliate sales...it's not about your blog size it's about strategy!
Melissa started blogging in 2011, right after her son was born, as an outlet for being a brand new stay at home mom. When she first began blogging she set her goals to have fun and maybe make enough money for a Disney vacation. She and her husband came to an agreement that any money she made from her blog, Serendipity and Spice, would go for the fun stuff in their lives...like a trip to Disney World.
By Year Two of her blogging journey Melissa's husband had to put a stop to all the extravagant vacations and say "we can't spend all of this money on Disney!".
At Year Three of living the blog life Melissa began hosting successful blog conferences including Food Blog University in Cancun, Mexico and Blog Life University in Atlanta, Ga. She also began offering independent coaching to friends and relatives on How to Start a Blog.
Melissa has found success in the world of blogging while giving herself the flexibility of a stay at home mom. She is passionate about showing other women how they can start living the blog life and achieve their dreams. She is now offering online training and group coaching programs on creating a successful blog.
You can find Melissa posting regularly on SerendipityandSpice.com.