Hands off passive income - how I did it | Warrior Forum - The #1 Digital Marketing Forum & Marketplace

9 years ago

A couple of tweaks to that model and you'd be doing even better. Without totally giving the game away, explore these:

1. Domain.
2. Passive traffic sources (other than Google).

Tom

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selfdisciplineacademy

9 years ago

Good job!

With some extra

> SEO
> Links
> And Traffic

You could turn this into much more passive income.

Congraulations

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izwan

9 years ago

get one sales from amazon product. Not bad for hands free earnings. Good job bro!

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James Howard

9 years ago

Have to say of course not an income source I have given much thought to as earning elsewhere
myself but I hope it will give others an idea of how to get started in just one method.

With a little work this could be earning well and if you can add to this post to help others
then please do.

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jasondinner

9 years ago

Gotta love Amazon and their 4% commissions lol

But nice job either way

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NoMoreWords

9 years ago

Originally Posted by jasondinner

Gotta love Amazon and their 4% commissions lol

But nice job either way

But at least when you up a commission level it is retrospective - the new commision level is applied to all the products in a month which is cool.

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jasondinner

9 years ago

Originally Posted by NoMoreWords

But at least when you up a commission level it is retrospective - the new commision level is applied to all the products in a month which is cool.

From what I remember, the highest it goes is 8% and electronics always stay at 4.

And when you progress to the higher commission rates, it doesn't apply to all previous sales, only the sales you make while on that level.

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heavysm

9 years ago

Originally Posted by jasondinner

And when you progress to the higher commission rates, it doesn't apply to all previous sales, only the sales you make while on that level.

Unless they've changed it, and I'm pretty sure they haven't, this need adjusting.

Jumping to a higher tier influences all of your sales for that current month. So all items sold for a single month would be affected by the commission increase jumping from 4%...to 6% all the way up to 8.5%.

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jasondinner

9 years ago

Originally Posted by heavysm

Unless they've changed it, and I'm pretty sure they haven't, this need adjusting.

Jumping to a higher tier influences all of your sales for that current month. So all items sold for a single month would be affected by the commission increase jumping from 4%...to 6% all the way up to 8.5%.

Yeah you're probably right. I do remember reading on their site that electronics stay at 4%.

Either way, it takes a lot of sales to make anything that is remotely respectable - ie: that can pay bills as compared to other affiliate marketing options.

And I too have experienced the joy of seeing what people buy that is completely unrelated to what I sent them there for.

Used to send people there to download free ebooks, and they would spend hundreds of dollars on other stuff.

Have a friend in one of the niches I play in who pulls around $1K per month in commissions. Like I said, that is a lot of $$ in products sold.

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heavysm 9 years ago

Amazon is one of the few marketplaces where you can send a visitor, doesn't have to be targeted either, and you can get a sale on some random product that's irrelevant to your site.

I've had sites related to health and fitness yield sales in esoteric books and vacuums. Which is the beauty of Amazon; as long as you're visitor is cookied for the sale that whole shopping cart if yours to credit.

But i have personally pulled a lot of my efforts away from amazon associates because i like to get paid more than 8.5% commission for my efforts.

Realistically, though, that's only passive income if you can rely on it for long term periods without maintenance, and it appears that you've sort of accidentally come across that sale rather than that the presell efforts on your site influenced it.
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discrat 9 years ago

Originally Posted by jasondinner

Gotta love Amazon and their 4% commissions lol

But nice job either way

Yeah it is a little crazy. That being said there are some Amazon Affiiliates that make a killing

- Robert Andrew
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- jasondinner 9 years ago
  
  Originally Posted by discrat
  
  Yeah it is a little crazy. That being said there are some Amazon Affiiliates that make a killing
  
  - Robert Andrew
  
  I dont doubt it but they have to move a bajillion dollars worth of product.
  
  I'm not knocking it, just personally not a fan of commissions of less than 10%, unless it was monthly recurring. Then I wouldn't mind at all.
  
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Slade556

9 years ago

This is pretty cool. Nice way to prove earning passive income is actually possible!
I assume this is from November 'till now. I wonder how things would have evolved if you didn't forget about the website

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James Howard

9 years ago

Originally Posted by Slade556

This is pretty cool. Nice way to prove earning passive income is actually possible!
I assume this is from November 'till now. I wonder how things would have evolved if you didn't forget about the website

To be honest I didn't plan on doing any promoting for it to see if it would get any hits let alone sales.
Might be worth doing something with it since I know it can get sales.

Jason, great commission rate can't beat a 4% lol

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iAmNameLess

9 years ago

James,

I've been looking to do things in a more passive way. I have my own web agency and another offline business which does extremely well, big numbers but the more I try to dabble online and the more I see on Amazon Affiliate stuff, those that are successful really aren't earning a passive income. I mean, this is the only place you will find someone creating a thread about making $4.

Now that's not a shot at you, I find this information interesting and at the very least encourages me to stay away from doing that. I think your intentions were/are good, but do you really think Amazon is a passive source of income? Enough to be an additional income stream? Seems like it would be a lot of work just for a few peanuts.

So far the only thing that makes sense for me to invest time with when it comes to amazon is bulk ordering from China and using Amazon Fulfillment for a decent profit, that seems to be the only thing related to amazon that could possibly be passive.

Edit: I do really like the idea of researching niches from flippa that are already earning an income. Perhaps not a passive plan, but certainly could be effective.

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kindsvater

9 years ago

This isn't passive income and it isn't a plan or strategy. It also is not profitable.

You paid for a domain. You're paying for web hosting. You put in some effort to create a website, even if minor. You spent time researching on Flippa and then researching products on Amazon and researching a domain. Possibly, you had to pay for the Amazon plugin.

As a result you miraculously happened to receive a visitor who made one purchase in the last three months via Amazon making you $4 bucks.

(Actually, you have potentially made $0 since it is not the minimum amount to get paid by Amazon.)

Sure, as you state, doing some real work on a website, doing SEO, doing advertising - all might be able to increase the revenue. But then we're talking about a website and real business activities which are the subject of a bazillion posts and are hardly passive.

Right now you're in the negative with no reasonable expectation of ever making anything else from the site.

Why don't you spend $10,000 buying 1000 domains, spend a few minutes uploading an Amazon product plugin, and do nothing else. A year from now let us know how it went.

Sorry to be frank about this, but this has not been profitable for you and I am surprised someone would post after making just one random commission. You are confusing a passive income strategy with random search traffic, or possibly a type in domain visitor, and being fortunate to get one referral.

.

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jasondinner

9 years ago

Originally Posted by kindsvater

This isn't passive income and it isn't a plan or strategy. It also is not profitable.

You paid for a domain. You're paying for web hosting. You put in some effort to create a website, even if minor. You spent time researching on Flippa and then researching products on Amazon and researching a domain. Possibly, you had to pay for the Amazon plugin.

As a result you miraculously happened to receive a visitor who made one purchase in the last three months via Amazon making you $4 bucks.

(Actually, you have potentially made $0 since it is not the minimum amount to get paid by Amazon.)

Sure, as you state, doing some real work on a website, doing SEO, doing advertising - all might be able to increase the revenue. But then we're talking about a website and real business activities which are the subject of a bazillion posts and are hardly passive.

Right now you're in the negative with no reasonable expectation of ever making anything else from the site.

Why don't you spend $10,000 buying 1000 domains, spend a few minutes uploading an Amazon product plugin, and do nothing else. A year from now let us know how it went.

Sorry to be frank about this, but this has not been profitable for you and I am surprised someone would post after making just one random commission. You are confusing a passive income strategy with random search traffic, or possibly a type in domain visitor, and being fortunate to get one referral.

.

I didnt want to say anything because he was feeling good about himself.

True passive income is when you put money into something and the money goes to work for you yielding some sort of return on that investment.

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James Howard

9 years ago

Originally Posted by kindsvater

This isn't passive income and it isn't a plan or strategy. It also is not profitable.

You paid for a domain. You're paying for web hosting. You put in some effort to create a website, even if minor. You spent time researching on Flippa and then researching products on Amazon and researching a domain. Possibly, you had to pay for the Amazon plugin.

As a result you miraculously happened to receive a visitor who made one purchase in the last three months via Amazon making you $4 bucks.

(Actually, you have potentially made $0 since it is not the minimum amount to get paid by Amazon.)

Sure, as you state, doing some real work on a website, doing SEO, doing advertising - all might be able to increase the revenue. But then we're talking about a website and real business activities which are the subject of a bazillion posts and are hardly passive.

Right now you're in the negative with no reasonable expectation of ever making anything else from the site.

Why don't you spend $10,000 buying 1000 domains, spend a few minutes uploading an Amazon product plugin, and do nothing else. A year from now let us know how it went.

Sorry to be frank about this, but this has not been profitable for you and I am surprised someone would post after making just one random commission. You are confusing a passive income strategy with random search traffic, or possibly a type in domain visitor, and being fortunate to get one referral.

.

True passive income is when you put money into something and the money goes to work for you yielding some sort of return on that investment.[/QUOTE]

I didn't post because I was feeling good about it as Jason suggested, I am not a new to IM.
Rather I posted to try and help others that were willing to take a little inspiration
and add a litttle effort make it profitable.

Not an avenue I will be doing myself as I earn well enough from other things
but well done for turning others off a method that works with a litttle work.

I aslo posted for a little bit off fun but there are always some willing to put others down.
I know people that make a nice sum by building amazon sites and DO put the work in
so I know for a fact that if this is taken seriously it is maybe not quite hands of but very profitable

Maybe I shouldn't of used that title but I did.

Sorry for trying to help those lost for ways to start.

Heck I have see less info than I have posted in WSO's before now. :-)

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Rory Singh

9 years ago

Congratulations James! You made a sale. Good for you!

Some said it was a small commission. But a commission none the less. This just proves that you are capable of making a sale.

Now what ever you did to make that sale, do more of it. And if you want to be able to make higher commissions, then sell something that paysout a higher level of commissions.

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salegurus

9 years ago

Glad Kindsvater and Jason chimed in, some people just don't know what passive income means....
Not a jibe at you OP but some interpretations on this forum are wild to say the least...

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James Howard

9 years ago

Originally Posted by salegurus

Glad Kindsvater and Jason chimed in, some people just don't know what passive income means....
Not a jibe at you OP but some interpretations on this forum are wild to say the least...

No problem, as I just said should not have used that title ffor the thread..My bad lol

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Claire Koch

9 years ago

10,000? come on! helpful not!

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joelraitt

9 years ago

So you made $5 bucks? lol based on your time spent finding the site, buying the site and making your changed you made about $0.50 an hour!!!

Nice work getting a sale - and that is exciting - but aim higher!

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andorod77

9 years ago

This could definitely have potential if you were to promote the site, create various backlinks and more SEO.

This website has proved to you it can make sales and that is without you having done anything, with some effort you can definitely start making a name for yourself. Good luck!

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antina

9 years ago

Stocks - You own a right to future cash flows of the company, through dividends or appreciation.

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skyro

9 years ago

Great work. Maybe you should turn this into a wso lol. I think adding some more traffic methods using social media sites like facebook, twitter and pinterest you could go pretty far with this.

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MikeAmbrosio

9 years ago

I researched doing stuff with Amazon for my mother in law as a source of income - she's retired but knows how to use computers, etc. In fact, she's done a lot of stuff on eBay over the years.

Anyway, I found that if you want to make money on Amazon you're much better off having your own Amazon store and either do some arbitrage (buy low sell high) or private labeling. Better money and really not ALL that hard to do provided you don't mind packing and shipping products, etc. This is why it's a good fit for people like my mother in law. She's home. She's bored and most importantly, she LOVES to shop and bargain hunt. That's a recipe for success

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jasondinner

9 years ago

Originally Posted by MikeAmbrosio

I researched doing stuff with Amazon for my mother in law as a source of income - she's retired but knows how to use computers, etc. In fact, she's done a lot of stuff on eBay over the years.

Anyway, I found that if you want to make money on Amazon you're much better off having your own Amazon store and either do some arbitrage (buy low sell high) or private labeling. Better money and really not ALL that hard to do provided you don't mind packing and shipping products, etc. This is why it's a good fit for people like my mother in law. She's home. She's bored and most importantly, she LOVES to shop and bargain hunt. That's a recipe for success

Yeah we have a mutual friend who does exactly that. Looks for great deals in retail outlets, buys a bunch of whatever, then sells it for full retail or more on Amazon depending on the demand.

He was supposed to make a course on it, but never saw it through. Shame too because it's realistic and doable for most people who do not want to buy pallets of stuck from China lol