Affiliate Marketing and Passive Income
Lesson 3 Module 1
What Is Affiliate Marketing
Affiliate Marketing is simply a business model by which you earn commissions from promoting other people's products or services.
It's one of the easiest, fastest and newbie-friendly ways to start earning an income online.
How Affiliate Marketing Works
The way affiliate marketing works is quite simple... Once you sign-up to be an affiliate marketer for a product, you'll receive an affiliate link which has an ID that is unique to you.
You then use this affiliate link to promote the product or service. If someone clicks on your link and purchases the product or service, you earn a commission.
What's Passive Income
For the purpose of this course, passive Income is defined as income that keeps coming to you, month after month, year after year, from work you do just ONCE... thereafter, it requires little or no effort to earn or maintain.
In the context of affiliate marketing, one way this is achieved is by promoting affiliate programs that pay you monthly recurring affiliate commissions.
Now that we have an understanding of affiliate marketing and passive income, let's look at the Ultimate Affiliate Marketing Plan that works to earn you substantial ongoing revenue in the long term.
I hope you're starting to see the big picture here.