Be an affiliate to get financial independence

affiliate marketingIn this last of five posts on financial independence for solopreneurs we are going to explore another way to make income online called affiliate marketing.

What is it?

Affiliate marketing is the process of earning a commission by promoting other people’s (or other company’s) products.

Find a product you like that will suit your target market, promote it to them, and earn a piece of the profit for each sale that you make. Easy, isn’t it?

Why does it work?

  • You’re happy because you earned a commission.
  • The company is happy because they have […]

Use multiple streams of passive income to have financial independence

multiple sources of incomeHow is having multiple streams of income different from having passive income?

Multiple streams of income means that you have income from several different sources so if one source stops or is eliminated you can rely on another source.

Passive income means having consistent income coming from sources where your money is working for you so you are not just trading your time for money. if you are a solopreneur and have a service-based business, you typically trade your time for money.  The reality is you can only work so […]