I’m a huge believer in having more than one revenue source. Multiple streams of income means when one is down, another is up, and your cash flow is smoother as a result. It’s what protects you from the inevitable downturns every business will face, whether it’s a global pandemic or a seasonal sales slump.
One of my favorite income streams comes from affiliate marketing. I get to recommend the best tools and resources to my community, and earn commissions for doing so.
Plus, there’s no products to create, no team to manage, and no customer service to handle.
All of that makes affiliate marketing a big win in my book, but maybe the best thing of all is that I don’t have to be selling all the time to earn really good commissions. Instead, I’ve found other ways to promote affiliate links when and where they serve my community best.
In this episode, I’ll tell you all about them.
Prefer a transcript? Here you go!
What you’ll learn in this episode:
- Why affiliate marketing sometimes gets a bad rap, and why I love it anyway
- A quick primer on how affiliate marketing works, and why it’s a fit for every business model and nearly any niche
- How affiliate marketing allows you to serve your customers and get paid to do it
- How to use affiliate links in your content, your lead magnets, and even in your courses
- How to earn a profit in your help desk with a well-placed recommendation
- Airtable is the tool I use to plan and track my email promotions.
- Troy at Lead Paramedic taught me the power of making an offer on the unsubscribe page.
- YNAB gets good reviews from those who hate budgeting.
- Making Money with Freebies gives you the tools you need to earn affiliate commissions without selling. Karon has generously offered a 50% off coupon just for podcast listeners. Click here and use code MMWFCB at checkout to save.
- PostGopher turns blog posts into downloadable PDFs.
- Six-Figure Systems features 50+ courses, live workshops, Q & A calls, and more.
- How to Use Active Campaign is a complete walkthrough of how I set up and use Active Campaign for all my email marketing.
- Michael Hyatt no longer teaches how to set up a blog, but his podcast is on my “can’t miss” list every week.