By Lex Levinrad
Do you want to know a little secret about one of the easiest ways to make money online today that takes very little work and effort?
You can make a lot of money relatively easily in a short amount of time with affiliate marketing. My motto with all of my real estate students is to “stop trading your time for a paycheck”. Affiliate marketing is one of the easiest ways for you to do this.
I will give you a great example of affiliate marketing and how I use it every day at work. I like to buy books and I read a lot of books (about 3 a week mostly ebooks). I also like buying electronic gadgets, computers etc. And the place that I do most of my shopping is online since I don’t have the time or inclination to do retail (remember don’t trade your time for a paycheck). I buy a lot of stuff on www.amazon.com. When I say a lot I mean every single day I buy mp3’s, ebooks, movies on demand, gifts, books, electronics you name it and I buy it online mostly on Amazon.
I noticed that Amazon had an affiliate account and so I signed up as an Amazon Affiliate. Once you are an affiliate they give you access to your affiliate account where you can get links to products that are listed on their website. You can paste these links anywhere online. You can put these links on your blog, Twitter, Facebook or anywhere else online.
So how is this useful? Well let’s look at some ways that you could utilize this to make money. Let’s say you had a real estate web site or blog. You could add a page called “real estate books”. You could then put together a list of your favorite real estate books on that page and you could have affiliate links set up for each one of those books.
If anyone clicked on any of those books and ultimately purchased them from amazon you would get paid a “commission” or referral fee. The fee is small (4% to 15%) but what is important to note is that once you have set up your page once you never need to do anything ever again. And any time in the future if anyone clicks on any of those books and then buys it from Amazon you will get paid. This is called passive income which is way better than trading your time for a paycheck.
This is just one example of affiliate marketing. Here is another. Sign up as an affiliate on our website at the following link: http://www.lexlevinrad.com/Affiliate.html It takes less than 2 minutes to sign up as an affiliate. Set up a free real estate related blog using www.blogger.com or www.wordpress.com and put some real estate information on your blog (add a real estate news feed and a few real estate articles you can use mine). Then add one or two banners to different products that we offer on your real estate blog. If someone clicks and then buys the product you get paid an affiliate commission.
That affiliate commission is called passive income and that is what affiliate marketing is all about. I highly encourage you to seek out multiple affiliate opportunities in your niche (real estate or elsewhere) since this is one of the easiest ways to make money online.