Imagine this: You are out on a vacation in Hawaii with your family. Without a care in the world, you enjoy the most beautiful beaches, scenic locations and different cultural attractions of the state.
Now, it’s time to return home. In a normal scenario, your bank account would take a steep toll after your return. What if we tell you that instead of taking a beating, your financial situation can improve even after such exorbitant vacations?
Sounds too good to be true, right?
Affiliate Marketing – Your Hope of Earning Recurring Income for Life
No matter how absurd you find the idea above, it is possible through affiliate marketing. The digital marketing model works on a revenue sharing model. Affiliate marketers sell another entity’s product or service and earn a commission on the number of sales they made.
If done effectively, affiliate marketing can allow you to have a steady stream of passive income. You will find thousands of blogs online that promote affiliate marketing as an easy get-rich scheme. However, that is far from the truth.
Affiliate marketing requires dedication and hard work. From finding the right products to maintaining blogs, there is a lot of work that goes in.
However, there are ways you can maximize your recurring income with affiliate marketing. One of them is to use recurring commission affiliate programs. Affiliate programs are broadly divided into two categories:
- One-Time Commission Model
- Recurring Commission Model Model.
One-Time Commission Model
This is a simple model. You refer a product through online publishing. If any of your readers buy that product, you get a fixed commission for that. The more your referrals buy, the more commissions you earn.
The reason why they are able to make such large sales for Amazon is their unique and creative product descriptions and incredible user experience.
Source: This Is Why I’m Broke
This is an example of how one-time commission model can be profitable.
Recurring Commission Model
The recurring commission model is a great way to earn recurring income. Recurring affiliate programs do not just pay on conversion, they also pay every month as long as the user continues to use their subscription.
This can be a great way to enhance your recurring income. You get your monthly share without having to do much, provided the subscription continues. This model typically applies to any digital product or service such as web hosting, online courses, etc.
Clickbank – An incredible catalogue of digital products offering high-converting recurring commission affiliate programs. Most of the products on Clickbank are sold on subscription basis. This means that affiliate marketers can continue to earn month after month as long as the customer continues the subscription.
Teachable – A comprehensive platform for creating and selling online courses. With more than 7 million users and more than 34 thousand active courses, Teachable provides an incredible learning experience.
The platform offers a free recurring affiliate program. Their affiliate program pays a commission as high as 30 percent with a 90-day cookie. You keep on earning a monthly recurring commission as long as your referral stays with them.
Who Should Opt For Recurring Affiliate Programs?
There’s nothing better than having a steady stream of income every month with little to no efforts. It’s a peace of mind that many desperately crave for.
Recurring affiliate programs are also great for people who freelance or run a business. It is a great way to monetize and increase your monthly revenue. Following are some entities that can benefit greatly from recurring affiliate programs:
The power of words has never been more pronounced. As a blogger, you are an ‘ideas’ person. You love words and are passionate about expressing your ideas.
Joining a recurring affiliate program can be a great way to monetize your blog. These programs can help you earn recurring income while you do what you do best, that is, create high-quality content.
You can partner with any of the platforms that offer recurring affiliate programs. They are typically subscription-based services. A good approach would be to try the service for yourself first – a good company would be more than happy to provide you with a free trial.
Learn everything you can about the service and then write honest yet strategic content to convince your readers and converting them into potential leads.
Make sure that the service you are endorsing is high-quality. In a recurring commission model, you will not benefit much if the customer unsubscribes after using the service for a month.
If there’s one thing that all freelancers know, it is that their income is always ‘unpredictable’. Sometimes, you have work that you can’t even handle and sometimes, you are in desperate need for work. Your earnings as a freelancer depends on your time. The more time you spend, the more you will earn. This is why having recurring revenue can prove to be a significant factor of financial growth.
Let’s say, you are a developer who has just completed a client’s website. You think that it is one of your greatest works and the client is truly impressed. This will be a great time for you to offer them a website maintenance service from a third-party. You partner with this company through their recurring affiliate program. As long as your happy client stays with them, you get a steady stream of passive income.
Digital Agencies usually have a lot on their plate. Not just that, there’s so much competition that they just do not seem to have a breathing space.
Taking a smarter approach, you can turn existing customers into sources of recurring revenue. Here’s how you can do it:
Let’s suppose you use a reliable web hosting service for your own digital agency. You know that the web hosting provider is reliable and answers you 24/7. Convinced that the web hosting company will always deliver, you can recommend them to your existing customers – customers who might already be using your services, say social media marketing. The web hosting company keeps on paying you a commission until that customer stays with them.
Imagine the recurring income if you can do the same with numerous customers.
A Bit About Cloudways Affiliate Program
We at Cloudways offer a web hosting affiliate program with three flexible commission structures which provides you the freedom to earn at your own pace. Let’s briefly take a look:
This is a performance-based model. The more number of customers you refer to Cloudways, the more signup bonus you will earn.
This model allows you to earn recurring commissions for each of your referrals. This is great for affiliates who are looking forward to earn steady passive income. (More on this later).
This model is custom-designed for affiliate superstars who can bring an incredible number of referrals every month. It is a combination of Slab and Hybrid both allowing affiliates to get maximum impressive payouts.
Let’s elaborate further on our hybrid plan for recurring income and the incredible level of support you will get:
How You Can Make a Lifetime of Recurring Income with Cloudways Affiliate Program
As mentioned above, our hybrid plan is a recurring commission model. This means that as long as your referred customer stays with Cloudways, you keep earning. It is great for bloggers, developers, freelancers and digital agencies looking for a steady stream of passive income.
Let’s talk some numbers:
- You get $30 for the initial conversion.
- If your referral continues to stay with Cloudways, you get a 7% commission every month. This is 7% of your referral’s total monthly invoice.
Not only do we ensure recurring income, we also provide resources for your success. Here’s a brief overview:
Dedicated Team of Expert Affiliate Managers
We have on-board a team of affiliate managers who know the ins and outs of this game. Whether you need support with paid advertising or preparing for a live webinar, our team of affiliate gurus are here to assist you 24/7.
Vast Variety of Learning Resources
We are also dedicated to provide you with comprehensive knowledge about affiliate marketing. From ebooks to how-to blogs, we have got all-inclusive learning resources available just for you.
Solid Real-Time Tracking
We understand the importance of tracking referrals. After all, each referral can have an exponential effect on your earnings. Our comprehensive and easy-to-use dashboard tracks cookies and calculates commissions without any trouble.
Accurate Performance Reporting
Finally, it is very important that you keep track of your progress as an affiliate marketer. Some of the strategies will work, while others won’t be able to make any impact. Our performance panel helps you evaluate your campaign efforts and optimize your strategies accordingly.
To Sum Up
Whether you are a freelancer, blogger or a digital agency, recurring commission affiliate programs can be a great boost for your financial growth. The Cloudways affiliate program has got all the ingredients to lead you towards a lifetime of recurring income. Not only does it take the hassles away from you, it also greatly delights your customers.
Learn how you can join Cloudways Affiliate Program.
Start Growing with Cloudways Today.
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