In our modern society, the word combination “passive income” became a real buzz. If you google for passive income ideas, you’ll find a huge amount of posts explaining how you can generate this kind of income. However, not all the methods they offer are actually passive (e.g. dropshipping). Moreover, a lot of them require a primary investment. In this post, I’ll tell you how you can create real passive income with no money. However, before diving into it, let’s make clear what passive income is.
“My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long term residual income” – Robert Kiyosaki “Rich Dad Poor Dad“
Passive income is income that is automatic to a large degree and doesn’t require the constant input of time and effort. Clearly, most people are engaged in active-income activities, not passive income. That means, they just exchange their time for money (their paycheck) and when they stop working, they stop earning. So, if they fall ill or get an accident they can’t work and make money. If you have a stream of passive income, you can make money whether you’re working or not. But it takes a large upfront investment of time and effort.
Passive Income Streams
It’s quite easy to understand the benefits of passive income. However, you may be unsure of where to start especially if you have no money for this endeavor.
Online passive income is the Holy Grail of making money via the internet. No wonder that a lot of people turn to online mediums when they start. One of the most popular ways to build a passive income is to set up a blog. But it also doesn’t start producing a decent income overnight. It needs hundreds of thousands of visitors per month to generate money for you.
But there is another way you can start creating passive income even with no money. It’s possible through affiliate marketing.
In affiliate marketing, you promote products of other people or companies and earn a commission on each sale. You won’t make 100% of revenue as you’d do if you sell your own product. Affiliates usually get 3-40% from a sale depending on an affiliate program. But the benefit is that you shouldn’t take care of the production, stock, and delivery of the affiliate product.
Now, you may wonder where is the passive element in this? It may take a lot of effort to sell an affiliate product. The passive income in affiliate marketing comes in when you sell affiliate products that have recurring commission.
Usually, these products are subscription-based software. A user of the software is charged a monthly fee, and an affiliate who brought that user onboard gets a monthly recurring commission. A lot of affiliate programs reward you with commissions every month as long as the customer is using the software.
Create Passive Income With No Money
One of the best things about affiliate marketing that you can start without any investment. Meaning, you can start generating passive income with no money just by signing up for an affiliate program. So, what’s my choice of an affiliate product to promote that offers recurring commissions and let you build passive income? With no doubts, it’s ClickFunnels!
ClickFunnels is an amazing sales funnel builder that allows users to create high-converting sales funnels with order forms, upsells, downsells, membership areas and more. Not only is ClickFunnels a great piece of software, but it also offers a generous affiliate program.
ClickFunnels offers two basic subscription plans for its users. They will cost $97/month and $297/month for users and will bring 40% recurring commissions to affiliates. Thus, affiliates earn $38.80 per month from the smaller plan and $118.80 per month from the higher tier subscription.
There is also a $19 share funnel plan which allows users to have 3 share funnel with maximum 10 funnel steps. If somebody signs up through your affiliate link to this plan, you’ll get $4 monthly commission. Affiliates get the commission as long as the customer continues to use and pay for their account. Those commissions can really sum up into a nice monthly amount of your passive income.
Are you working on building your passive income? Share your thoughts in the comments below!