One of the most popular methods of passive income is the use of affiliate links. While there are courses and numerous books about it, there is a lot that gets missed. This option is not a method of generating revenue on its own. The key to success in this area is getting eyeballs to your site.

Affiliate Links Need Traffic

The essential step in using this revenue approach is the one that is often glossed over. You are not going to be successful without bringing visitors to your site and then getting them to click on the affiliate links. Thus, how you create your website and its value are paramount. This method of passive income is a secondary consideration and should be seen as monetizing something. It is a means to an end, not the end itself.

Hand-In-Hand

Now that we have beat down the idea of affiliate links as a path to wealth let's build it back up. The thing about these relationships is that they are excellent ways to add to some of the other options we will discuss. Therefore, these relationships can be a start to a passive income stream or a way to increase one. The additional work required to use this option can be minimal, and the ROI quite impressive. That reason is why we look at this option so early in the season. It will be useful to keep advertising in mind throughout our journey.

Links or Relationships

Affiliate relationships can be simple and based on clicks or more advanced and built on referrals. The former can be a simple addition to your portfolio. However, the latter can be a lucrative option. The idea of getting a piece of a significant transaction is quite enticing. Nevertheless, the revenue from a qualified lead is typically a more substantial value over time. That also removes the need for a closed sale to receive a payment.

John Lee and Jan-Peter Kleinhans on China in the global semiconductor industry