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Affiliate Programs: Best Way to Make Passive Income Streams

Advantages of Affiliate Programs | No. 1 Passive Income Stream

Last updated on July 4th, 2022


In our previous article, we discussed what affiliate marketing is. We covered what it means, how you can make money as an affiliate, and how to get started.

 

Now that you have a general idea, let’s talk about how affiliate marketing programs can be the best way to generate passive income.

 

Advantages of Affiliate Programs

 

Affiliate marketing is a passive income-generating business. But it doesn’t mean no action is needed from you. Because let’s be honest, you still need to do something to earn your keep.

 

Then in what way can it be an inexpensive method of earning good money without the hassle of a full-time job?

 

Let’s take a look at the benefits of affiliate programs, especially for beginners looking for passive income strategies.

 

 

     1. Requires minimal effort

Hassle-free affiliate work

 

Image source: Jason Strull

 

Your one and only job is to link the brands, services, or products to the consumers. That’s it. You don’t have to wake up early, travel to the office, or work from 9-5 for it. 

 

Of course, you still need to allot some time to start the campaign. But once you’ve laid out the groundwork, you can start receiving commissions when customers buy the product through your promotion.

 

Work smarter too. Plan out and look for affiliate marketing for beginners. Read various marketing strategies to find the most cost-effective method. 

 

 

     2. You can use your social media accounts

Social media marketing

 

Image source: Jeremy Bezanger

 

Maybe one reason you’re intimidated to start is because you don’t have an “established channel” to promote. Especially when most of the articles you’ve read are sharing their experience as an affiliate marketer on their own website.

 

But remember, your only responsibility is to introduce the product to the consumers and encourage them to buy it. There’s no better way to reach bigger audiences than social media.

 

And depending on your target, personal accounts might even be the best option. One of the best examples is sports betting affiliate programs

 

Think about it, won’t you trust more the betting tips given by sports fans like you than those coming from businesses?

 

That’s why using your personal account on social media and sports forums will give more credibility that “you are one of them”. This impression alone will increase the chances of them clicking your promotion.

 

 

 

     3. Lifetime commission

 

Lifetime commission from affiliate programs

 

Image source: Alexander Mils

 

First of all, you will get a commission from your partners for as long as your contracts with them are active.

 

That alone will give you a consistent passive income stream. Plus, you can maximize this benefit by finding industries that offer accumulated revenue share. What is this? Simply put, this is your share of income from customers that you refer, depending on how much they spend on products or services.

 

Let’s say you’re a sports betting affiliate, you will then earn a percentage of what your referred sports bettor wagers. So the more they bet, the bigger your commission is. Additionally, the longer they bet, the longer the income stream will last.

 

Do all of these sound profitable? Then keep a lookout as we give you more tips about how you can earn lifetime commissions with the best affiliate programs.

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MARCH MADNESS T&C

HOW TO JOIN

  1. Participants should have an active social media account. Social media platforms included in this program are as follows:
    1. Twitter
    2. Instagram
    3. VK
  2. To qualify, you must follow the mechanics required in ANY of these platforms:
    1. Twitter
      1. Participants must follow Vodds’ official Twitter account
      2. Like the tweet related to March Madness
      3. Quote retweet post with answer and hashtags #VOdds #marchmadness
    2. Instagram
      1. Participants must follow Vodds’ official Instagram account
      2. Like the post related to March Madness
      3. Share the post on story with answer and hashtags #VOdds #marchmadness
      4. Mention/Tag @vodds_official on your story
    3. VK
      1. Participants must follow Vodds’ official VK account
      2. Like the post related to March Madness
      3. Share the post on your profile with answer and hashtags #VOdds #marchmadness
  3. Other requirements:
    1. Shared posts (excluding stories) should not be deleted until the end of the campaign
    2. Social media accounts should be in public for post verification
  4. Winner selection
    1. Announcement of winners will be at 2 PM GMT+8
    2. There will be daily and grand prizes at the end of the campaign
    3. Daily winners will be draw randomly using https://wheelofnames.com/
    4. Participants can join as many times as they want but only 1 entry per day
    5. Entries accumulated during the campaign will be added and draw at the end of the campaign for the Grand Prize
    6. Confirmed winners will be contacted and will be requested to provide the ff.
      1. Full Name
      2. Email Address
      3. Mobile Number
      4. Country
      5. Payment Method (please see the list of available payment channels here)
  5. Prizes & Withdrawal guidelines
    1. 3 random winners will win 10 USD on daily games
    2. 3 random winners will win 50 USD on the final four stage
    3. A total of 200 USD will be awarded at the end of the campaign to the grand prize winner.
    4. Prizes will be added to your VOdds account and can be withdrawn after completing of the turnover requirements
  6. Other terms & conditions
    1. This offer is valid to new customers of VOdds and existing users who have not previously deposited and can be availed from the period of March 9 – April 5, 2022 only.
    2. You must have settled bets of up to 5X of the prize before your winnings and prizes become withdrawable.
    3. Prize will be converted to your VOdds account currency using xe.com rate.
    4. This offer only applies to bets placed via VOdds website. Bets that are placed using our API will not qualify for this offer.
    5. Bets placed on Positional Orders will not qualify.
    6. If the requirements for this offer have not been met within 30 days from your first deposit, the promotion will expire.
    7. All qualifying bets must be settled before the promotion’s expiry.
    8. If you cancel your bonus after you enter the promotion or before you complete the requirements, the offer shall be forfeited.
    9. This offer cannot be used in conjunction with any other offers. You can only have one active bonus at a time. VOdds reserves the right to limit the eligibility or cancel any offer to any customer.
    10. This offer is strictly limited to one per person, family, household address, email address, telephone number, same payment account number (e.g. SKRILL, NETELLER, etc), and shared computer (e.g. public library or workplace).
    11. In case of canceled, voided, rejected, or non-runner bets, stakes will be put back into the original wallets and wagering progress is reverted.
    12. If any terms of the offer are breached (or there is any evidence of multiple bets placed by a customer from any other promotional offer resulting in guaranteed customer profits regardless of the outcome), VOdds reserves the right to reclaim the bonus or void any bets funded by the promotion.
    13. These terms and conditions operate in conjunction with VOdds’ General Terms and Conditions.