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uild amazing businesses.<br />
Fair warning. Ways that you can make ‘passive’<br />
income.<br />
So, courses are the only/<br />
best/easiest way to make<br />
passive income, right?<br />
Wrong.<br />
AFFILIATE PAYMENTS<br />
Simply put, this means getting payment for selling<br />
someone else’s product or service. You may also<br />
see this being called a ‘commission’.<br />
There are lots of ways that you can look at<br />
including passive revenue streams into your<br />
business. In fact, there are plenty of ways that<br />
are more “passive” than building and running a<br />
course. Before we go too far though, I want to let<br />
you know…<br />
I don’t believe that<br />
anything is completely<br />
passive. There is always<br />
work involved.<br />
That might be work at the beginning, in the<br />
middle, or at the end (or even all the way through).<br />
That work might include writing, marketing, fixing<br />
your SEO, work, work, work (just like in the terrible<br />
Rihanna song).<br />
Successful people work hard. They might have put<br />
in a lot of the hard work a long time ago, and now<br />
they are reaping the rewards, but there was hard<br />
work involved. They just don’t always show all of it<br />
on social media. It’s not passive.<br />
Ultimately, the options in the list below mean that<br />
you don’t have to show up everyday, 9-5, to get<br />
paid… but you are definitely going to put some<br />
work in along the way, and it isn’t always easy.<br />
In most cases, you will be given a link that is<br />
unique to you. You share this link when you tell<br />
people about the product or service. You can do<br />
this on social media, through video, or by creating<br />
great blog posts about the product. When people<br />
click on your link, the site tracks where the traffic<br />
is coming from, and if they buy then you are<br />
allocated a portion of the sale. In some industries<br />
this could be as low as 5%, but often in the world of<br />
digital products or services, you could be making<br />
up to 30% – 50% of the sale.<br />
Sometimes this payment is one-off, and<br />
sometimes you continue receiving payments for as<br />
long as they remain a client.<br />
Things to note: You’ll need to make sure that you<br />
follow any rules and regulations from the provider<br />
and for the platform that you are promoting on.<br />
These vary from company to company, so make<br />
sure you check. As a minimum, you will normally<br />
have to declare that it is an affiliate link and<br />
that you may receive payment if they decide to<br />
purchase.<br />
AD REVENUE<br />
You can receive money for ads placed on your<br />
content. There a lot of different ways that you can<br />
do this.<br />
ROOOAR MAGAZINE - ISSUE <strong>20</strong> 21
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