One of the most accessible autopilot money making methods is through affiliate marketing. With affiliate marketing, you sell other people’s products and services over the internet. When you make a sale, you earn a commission. Since you don’t have to fulfil customers needs yourself, (and act purely as a referrer of customers), you can automate the process. Customer service, product delivery and support is handled by another company, who pays you for a successful referral. Referrals are tracked online and you get paid for sales you have generated.
Affiliate Marketing
To get to the stage of having your affiliate marketing business running completely on autopilot takes some time and effort of course. Initially, you’ll need to learn how to set up the systems and processes to generate sales (See free video series on this site). Once you’ve set up a sales system, you’ll need to drive targeted traffic (visitors) into it.
The fastest way to do this is to use a ready made sales funnel which has a range of products in it to sell. Some affiliates use physical products, like you’d find on Amazon for example; and others use digital products. The advantage of using digital products is that anyone can access them from anywhere. All they need is an internet connection and a laptop. There’s no physical postage necessary for digital products. Because of this, digital product owners can afford to pay affiliates much larger commissions. Often an affiliate can earn as much as 50% of a products value with a digital product.
See autopilot business for more on which affiliate business models are the best to use.
Autopilot Money Making Methods – Blogging
Blogging is a cheap way to gain exposure to either an existing business or for an affiliate marketing business. You can also monetise a blog through Google’s Adsense program. With Adsense, you place code on a website/blog and Google converts it into relevant adverts to show your visitors. When they click on your adverts, you earn a small commission. With enough traffic (visitors), you can earn a nice passive income from a blog. However, it takes time to generate the traffic and you’ll need to write blog posts regularly and promote them to build an audience.
Another way to monetise a blog is through email marketing. Bloggers often build a list of subscribers by offering a free giveaway on their website (see my free video series). By building a list of email subscribers, a blogger can keep in touch with prospective customers and offer them affiliate products over a series of emails. A blog is international too, so affiliate products which are available globally are a good idea.
Autopilot Money Making Methods – Quora
Quora.com is a question and answer website which offers the opportunity of earning an income from advertising revenue on its questions. To get invited to join the Quora partner program, you need to be an active user. Start by setting up a profile bio, name picture etc. Then actively participate in asking questions and answering them. It might take a few months before you are invited, but stick with it because it’s worth it if you decide to go this route.
The average question asked on Quora will only earn you a tiny amount – only a few pence (or cents). But if you stick with it and ask multiple questions and keep doing so, this can mount up! Over time, your questions will continue accruing advert clicks and you’ll be able to earn passively from this if you ask enough questions. As you can see in the image below, top partners earn a nice income. However they do ask thousands of questions and this is over a long period of time. Initially, you can expect to see only tiny “trickles” of income.
Autopilot Money Making Methods – Investing
Of course investing deserves a mention here too! There’s lots of ways to earn passively from investing but one little strategy I found which anyone can use is an “app” called MoneyBox. The MoneyBox app allows you to invest in shares and stocks without any investment experience or expertise.
All you need to do is get the app and connect it to your bank account. The adjust the settings according to your preferences and the MoneyBox app will “round up” your bank card spendings to the nearest whole figure. So if you spend £0.99 pence in a store, it will round it up to £1 and take £0.01 pence out automatically to invest in your share portfolio.
This is obviously a long term investment however. Checkout the Moneybox app here.
Recurring Affiliate Commissions
Going back to affiliate marketing, one of the best autopilot money making methods is recurring commissions. Recurring commissions is a great opportunity for anyone considering doing affiliate marketing. Many affiliate products only pay you once for referring a sale. With recurring commission products you can get paid over and over again for the lifetime of a customer.
Recurring commission affiliate programs are usually either membership programs or software products. Ideally choose products which you use yourself in the building of an internet business. Product types include:
- Membership programs – training and education tools
- Autoresponders – email marketing services
- SEO tools used for online businesses
- Plugins and website building tools and templates
- Automated posting tools for bloggers
Recurring commissions are a vital key to success with affiliate marketing. You only need to make a few sales in order to build a reasonable recurring monthly income. With low value physical products which only pay from 3-10% commissions, you will have to work much harder to achieve a liveable income from your affiliate marketing efforts.
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