Generating a passive income for retirement is a brilliant idea. You will have a consistent monthly income that allows you to have time to spend with your loved ones. You will be able to enjoy the freedom of retirement without having to constantly worry about running out of money.
The best way to build a passive income for retirees is on the internet. You might be wondering why. The simple answer is because it does not cost you thousands of dollars to start (like real estate investing would) and it is always a good idea to learn a new skill at any point in your life. Learning how to generate a passive income online would provide you with a new type of knowledge.
Do you want to build a passive income online for your retirement? If yes, then let me explain the process of doing just that.
What is passive income online?
You might think that earning money online is going to require you to sell products and services. But, that would not be passive because you would have to be active in processing orders, shipping, and having to deal with customer service issues.
Passive income online is from affiliate marketing. How to affiliate market. Affiliate marketing is selling and promoting products you do not own. That means there is no inventory costs, shipping, or dealing with customers.
Online there are programs called “affiliate programs.” These are 100% free to join. When you join as an affiliate, you will be issued a special “link.” When someone clicks your special link and buys that product, you will earn a commission. Amazon has the largest affiliate program online with over 4.88 million products but there are over 100,000 affiliate programs you can join online.
Affiliate marketing is considered passive income because once you have your marketing system and links in place, all you have to do is sit back and collect your income.
What do you need to be an affiliate marketer?
To become an affiliate marketer earning a passive income, you will need 3 things.
- A niche audience
- A website
- Traffic to your website.
Those are the 3 main things you need to have a passive income from affiliate marketing. Let me explain each one in more detail.
A niche audience – This means you want to be attracting a group of people with a common interest. It could be health related (food, diets, weight loss, exercise.), sports (golf, tennis, football, basketball). Those are just a couple of examples. A great place to start when choosing your own niche is thinking about topics that you are passionate about, have an interest, or is a hobby of yours.
A Website – Affiliate marketing is done online and so you will need a website. Websites are very simple to set up and publish onto the web. You want your website to be related to your niche. Publishing pages and posts that will draw people in who are looking for topics about that niche.
Traffic – How will your niche audience find your website? That is from search engines such as Google, Yahoo, and Bing. Using Search engine optimization which is content creation, keywords, links, and a few other small details will make your website rank on the first page of all search engines. The more people coming to your website means the more opportunity to make money.
The money aspect of affiliate marketing
If you have a website and people visiting your website, how are you going to make money?
What you will do is use the traffic from your website and link people to a product you have an affiliate link for. If they buy it, you make money.
The best way to explain this is an example:
Let’s say you create a website that is about golf.
You could sign up for any of the golf affiliate programs and you will have links to their website that will track who clicks your link. It has a special ID number. Amazon sells a lot of golf products and is easy to sign up with.
You could create a post on your website called 10 Best Golf Drivers.
What you would do is list each Golf driver 1 through 10 and explain why each golf driver is so great and why a golfer needs to own it.
With every driver you discuss, you will want to have a link for someone to go and buy that golf driver.
Once you have created this post and have your affiliate links, that post will be on the web until YOU decide to remove it. A post like that could earn you hundreds of dollars every month for the rest of your life.
How many more times could you do that? Best putters? which wedge should you use? Instructional videos that can improve a swing? All types of golf posts could be earning you money once you have it published online.
The more content you publish on your website, the more money you can potentially earn every month. Once, your marketing system is in place, you will be earning a great passive income!
Do you need help learning how to do this?
Is building a passive income online for retirement something that interests you but you have no idea how to start?
That is perfectly okay. Continuing your education and learning new skills is a wonderful thing to do at any point in life.
There is a platform online that teaches beginners how to affiliate market. The training will guide you through the entire process step-by-step with video tutorials and lessons.
If at any point you were to get stuck or confused, there is a live chat where you can ask questions and get answers within seconds.
You do not have to have any experience with affiliate marketing but by the end of their affiliate marketing training, you will become an expert on affiliate marketing.
It is free to join as a starter member. You will have full access for 7 days and be given 2 free websites to start you off. The first 10 lessons are 100% free.
As their business is teaching people how to start their own business online, there is a paid membership. The first month only costs $19. This will give you access to constant live help, private messaging, access to the owners, and much much more.
Passive income for retirees is very much possible by following their training course online. To get create an account and get started, click the link below.