What are the best ways to make passive income online? While there’s a few ways you can do this, the best way I have found to make a passive income online is through the selling of recurring income products.
But before we get into this topic, here’s just a little about the business model which allows you to do this. Affiliate marketing is one of the most popular online business models and it lets anyone earn an income by selling other people’s products and services online.
You may have heard of affiliate marketing already. Amazon, for example, has an affiliate program which anyone can join. You can then promote products from Amazon through your affiliate link and earn commissions. However, Amazon isn’t the best program to join, since it only pays tiny commissions. There’s better programs which pay recurring income commissions on sales you generate. These types of product are often software or training programs which offer ongoing value to the customer.
An example of a recurring income affiliate program is Aweber. Aweber is an autoresponder software which is used by online business owners to collect email addresses and deliver email messages automatically. It’s also a pretty vital part of an online business so it’s pretty much essential to have if you want to build an online business.
For this reason, and because it’s a great piece of software, it’s also one of the best things you can promote as an affiliate because it pays recurring commissions. There’s other software programs you can promote too and of course memberships too offer recurring income streams. See also recurring income affiliate programs for more on this.
Best Ways To Make Passive Income Online – Content Marketing
To make a passive income online through selling affiliate products, you need to build an audience. Once you have a nice steady flow of traffic, you can monetise that traffic anyway you want – either through affiliate programs or with advertising. But of course those recurring income programs work very well once you start making the sales. To make these online sales you will need to learn a marketing technique and blogging is one of many marketing strategies used by affiliate marketers.
I like blogging and although it’s a slow process, once you have a lot of content online, that content gets working for you, bringing in sales passively. So you could say that blogging is another way to make passive income online. To do well with blogging you’ll need to create a lot of content. So this isn’t for everyone. Ideally choose a topic in which you can blog about for an indefinite period of time. Depending on how competitive your topic is, it can take weeks, months or even years to generate a serious amount of free traffic, which you can monetise.
When you start making sales through a blog, it’s a great feeling. Not only are you generating traffic for free, but with subscription affiliate products to promote on your blog, you earn a recurring income from each sale!
The High Ticket Sales Funnel
The high ticket sales funnel is one of the best ways to make passive income online as an affiliate. With a high ticket sales funnel, you can earn substantially more than you can with most affiliate programs. As such, it’s far easier to make use of the paid marketing platforms to promote your funnel.
A high ticket sales funnel is comprised of multiple products within a product range. This includes:
- An entry level product – priced to sell (e.g. priced at $30-$50)
- A mid ticket offer – ($200-$500)
- A high ticket offer/offers ($2000-$10,000)
- Subscription products
With such a sales funnel, you can earn from both high margin affiliate products and subscription affiliate products. Not only that but your existing customers can also purchase higher valued products within the sales funnel. This makes a high ticket sales funnel one of the best ways to earn online. With such a product range, you can more easily access a paid marketing platform and make your business profitable. Paid marketing is both fast and scalable, so it’s much quicker route than blogging, if you have the marketing budget and invest in such a funnel.
Commissions can be reinvested into a growing marketing budget, and this makes it more possible to build a large digital business, selling products globally. Learn more about this sales funnel and how to build a profitable online business here.
