I have been thinking and writing a lot about passive income lately.  This is the ultimate goal of all affiliate marketers, but if you think about it, not many are driving towards achieving it.  What do most affiliate marketers promote?  They help sell products or get leads.  But these products and leads are one time things.  You get one commission, then move on to the next person.  What about getting multiple commissions from one sale or one lead? 

That is my approach.  I am only promoting products that will get my multiple commissions from one lead or sale.  My first attempt is to refer people to affiliate networks.  I am trying to get the 2% - 5% commissions when other people make money.  I have bought two ads on two decently popular blogs, but I have had no luck so far.  I figure if I can get one or two referrals, and they start making some money, I would break even and start profiting.

The second approach to passive income is residual commissions.  What this means is that I refer a person to a product that they have to pay monthly or yearly for, and I receive a commission every time that renew their subscription.  There are tons of affiliates out there like this, AWeber is the best example.  You make 20% on all their orders as long as they continue to order.  This way, you refer one person, and you are making $4 a month, every month they continue to use AWeber.

The third approach is to build an email list.  This way I can send more and more products at the list, so I will have more chances to sell more products.  All the top affiliate marketers always say you MUST have an email list to succeed.  Well, I never pulled the trigger on this and got started, but I will be signing up for AWeber as soon as I post this.

Three ways to make not only money now, but money coming in every month.  If I can put a lot of work in now, hopefully I will be able to reap the rewards down the line.