How This Website Makes $150,000/MONTH! PASSIVELY
I’m gonna be breaking down how this website makes these two guys a hundred and fifty thousand dollars a month passively meaning that even while they sleep money just keeps rolling into their bank accounts that’s the new American Dream.
Nobody pays me a dime to talk about this the reason why I chose it is because I think it’s a fantastic example of how to make a ton of money online and it’s got all of its public income reports so that I can show you data to back up everything.
What is dollarsprout.com?
Well, it’s basically just a website about money or a blog about money to be more specific. So it teaches you how to make money how to manage your money and how to invest your money and if I go into these little categories you can see make money they have categories on how to make money fast how to make money online surveys or even just getting a job where you can work from home and your trading hours for money or money management same thing everything is broken up into these very simple sub-categories. So they teach you tons of stuff and they’ve got articles on everything how to start a blog online business ideas best apps to sell things literally anything about making money. This website will teach you. Okay!
How do they make money with this website?
well, it’s mainly through affiliate marketing on their blog posts.
What is affiliate marketing?
The best definition of what affiliate marketing is can be found on Pat Flynn’s Smart Passive Income:
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
To wake up in the morning, open their laptop, and look at something like this:
That’s the dream, right?
Make money while you sleep.
For 99% of people, affiliate marketing is how they get started.
The idea behind it is that you promote other people’s products, often through an affiliate network, earning a commission if people actually end up buying thanks to your marketing.
It’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer.
Fast forward to this month, and we generated $104,097 in total revenue. It was our first 6-figure month, which is really neat. That brings 2018’s total accrued revenue to $441,860.
Here’s a visual of the last two years of revenue:
But here is a more accurate depiction of how we got here:
Affiliate Marketing: $102,354
Course Sales and Coaching: $740 (net earnings, after affiliate payouts)
Sponsored Posts: $0
This includes freelance writers, virtual assistants, content editors, etc.
Facebook ads: $4,054
Hosting-related services (billed annually): ~$99/month
Email marketing: $250/mo
Premium services (billed annually): ~$200-$300/month
These are typically plugin related. Think backups, theme support, security, social sharing, etc.
Web design project (category pages): $1,571
Random expenses: $1,061
Net Profit: $85,072
This was our best traffic month so far. The bulk of each site’s traffic is coming from Google, which we are quite thankful for.
Example of affiliate marketing being used to drive a sale:
- Affiliate partner promotes a brand’s products or services on their site.
- Consumer clicks on brand’s promotion on the affiliate’s site and a cookie is then stored on the consumer’s browser (see the next section below for more on cookies); this is what makes it possible for the affiliate network or SaaS platform to track the consumer’s progress from the affiliate’s website through to the brand’s shopping cart.
- The consumer is redirected to the brand’s website.
- Consumer purchases a product/service from the brand.
- The network or SaaS platform then automatically pays out a commission to the affiliate (based on the rules set by the brand) for driving that sale.
Thanks for reading.