I was recently halted in my tracks, literally, due to a nasty bike accident. My right side was hurt the most, mainly my fingers, right hand, wrist, and back of my knee. I had no mobility in my right hand and was unable to work on my laptop. Here is where the beauty of Affiliate Marketing and Passive Income kicked in.

What is Affiliate Marketing

The concept of affiliate marketing is quite simple – you (the affiliate) earn a commission by promoting other people’s or company’s (merchant), products.

 

What I love about it is that you don’t have to buy expensive inventory which just may wind up sitting in your garage or basement!

One of the best ways to promote these products is through a website. Wealthy Affiliate teaches you, step by step, how to create an income-generating website you can be proud of.

How I Started

Like many seniors, I was facing retirement with just a pension and very little savings.

Investing in Myself

As I mentioned earlier, I was retired without a lot of extra money at my disposal. I wasn’t prepared to spend thousands of dollars on empty promises and get-rich schemes.

Wealthy Affiliate is FREE to join, no credit card info required, plus you receive value right away:

• Free Website

• Website Builder

• Duplicate Content Checker

• Core Certificate Course (10 Lessons)

• Affiliate Bootcamp Training (10 Lessons)

• 2 Training Classes

• Video Walk-Throughs

• Keyword Research Tool

• Affiliate Program Search

• Earn While You Learn Opportunity

• And More

In my case, I was so excited I decided to invest in my future and to learn if I could make a passive income. After only four lessons, I chose to go Premium which cost me $49/month (US) and provided me with even more value. Sometimes you have to break down payments to the ridiculous – $49 works out to approximately $1.63 per day. You can’t buy a decent cup of coffee or tea today for this amount.

After nine months, I chose to go yearly which resulted in substantial savings.

Passive Income – Proof It Works

It took me two years of working my business to start seeing a return. Some people do it in less than a year. It comes down to how much time you are willing to invest, how determined you are to succeed, and vowing to never give up!

If you don’t find a way to make money while you sleep, you will work until you die. ~Warren Buffet

 

MONTH OF APRIL

 

MONTH OF MAY

 

MONTH OF JUNE

I was unable to work for over 2.5 weeks in June due to my injuries and the passive income still kept coming in. Between two different affiliate companies, my total for June was $ 638.49 (Canadian) based on today’s rates.

 

 

 

 

 

 

 

 

 

FIGURE 1

FIGURE 2

 

TOTAL COMMISSIONS MONTH OF JUNE – $638.49

 

My Advice To You

Don’t wait until you’re a senior to start. If your income has been affected by this recent pandemic you are in the perfect place at the right time; if you are a graduating student who isn’t interested in traditional education, this is for you; if you are being phased out of your job, this is for you. If your income has been affected negatively in any way, I suggest now is the time to think strongly about creating an online business. Any time is the right time to earn a passive income,.

If you think the market or your passion/interest is saturated, here are some recent figures that should convince you that’s not true.

• Yearly affiliate marketing spending is projected to hit $6.8 billion

• According to Google Trends, the search for the term “affiliate marketing” grew by 44% in less than a year.

• 81% of brands use affiliate marketing

• 79% of marketers seek it to engage existing customers

• Male affiliates control the marketing platform (I would like to see more women involved)

• The three top affiliate niches are Fashion, followed by Sports & Outdoors, and Health/Wellness & Beauty

• 23% of revenue for advertisers comes from affiliate marketing

• ShareASale owns more than half (55.7%) of the market share

• AWIN affiliates earned more than $700 million in 2018

• Mobile devices account for more than 50% of affiliate-referred traffic

• Who hasn’t heard of Groupon? Groupon is one of the top companies based on commissions from affiliates

• 35% of affiliates make over $20,000/year with 9% making over $50,000 (you could be one of them)

• Top affiliates such as Pat Flynn make 6+ figures/year

Why Affiliate Marketing

There are many reasons why affiliate marketing and Wealthy Affiliate make sense, now more than ever:

• Race, formal education, or age are not barriers; 12% are age 55 and above, 31.86% are age 35-44

• You can work from home

• Not locked in 9-5 (set your hours)

• You don’t pay anything but you earn (commissions) when you perform

• Cost-effective (little to no startup costs unless you need to buy a laptop/computer or mobile phone)

• Lots of available information

• No costly inventory or starter kits to buy (which is a BIG plus for me).

Final Thoughts

So what happened when I had my accident and couldn’t function, much less work on my laptop? While I was laid up, wrist, and leg in support, I had the beauty of affiliate marketing and passive income to see me through. This was such an amazing feeling! What would you do with an extra $600/month, $1,000/month, $2,000/month, or more? What are you waiting for?