What are the different types of Passive Income available for your online business? How can affiliate marketing help you to making good income?
Online business is good example of businesses which are highly automated and self run which operates 24/7 every day. Successful online marketer can generate good incomes and attain your desire lifestyle.
The meaning of passive income is an income received on a regular basis, with little effort required to maintain it. Rental income, dividend is other form of passive income.
Unlike traditional business, is it much easier to generate multiple source of incomes by selling multiple products or services at the same time on a website.
Starting up a online business is cheaper than offline business such as opening a shop which needs to pay rental, utility bill, staff salary, etc. Running online business can be as cheap as U$100 per month.
In part 1 of this article, I will highlight some of the passive income can be generated from your online business.
1) Affiliate marketing
Affiliate marketing is performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate's own marketing efforts. Basically your online business (affiliate markerter) help other product owner (vendor) looking for potential buyers for their product or service.
Upon successful sales, the vendor will reward and share certain percentage of revenue with affiliate marketer. www.clickbank.com and www.cj.com is some of the good website that affiliate marketers that can source for potential affiliate products to promote and make money.
2) Sell advertisement space
Your website or blogs can sell advertisement space to other online business owner to advertise their services and products to your visitors. When someone visits your website or blogs, the advertisers' advertisement will appear as banner advertisements or pop up advertisements. When the visitors click on the advertisements, the advertisers will pay the online business advertisement cost.
The advertiser will pay website owners for every click of their advertisement by the visitors. This is commonly known as Pay Per Click.Advertisement fee Per Click charge to website owners differ depending on the traffic and popularity of your website.
Therefore, you can commend for higher click rate when your website is popular and attract massive traffic. Google adsense is one of the popular program that administrative this type of arrangement in return for a service fee bound by the advertiser.
Coming soon. In part 2 more write up for other type of passive income generated from your online business.
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What are the different types of Passive Income available for your online business?
