Traditionally, most people depend on their jobs as the only source of income. But the modes of earning are continually evolving just as technology progresses. Your brick and mortar business or office work could have been your only income generator for years; fairly meeting your needs. Even with the most stable jobs, financial deficits are bound to arise. So, do you look for a second job as a cover-up or work extra hours?
Technological inventions present different opportunities for the various classes in a society. In the digital world, platforms like social media provide unconventional ways of making money which can run parallel to your office job or business. These newer ways of earning may not require any professional qualifications or geographical barriers, making them viable for almost everyone.
With such developments, people’s definition of financial success has seen some shifts. For instance, it has been said that one is only successful if he/she manages to secure a source of passive income by age 35. This description may make you think that you need to learn quite a lot before you can passively, or it is such a hard nut to crack. But that is not the case. You can begin milling money passively into your account at any age or place. Pinterest offers you an excellent opportunity to earn hundreds of dollars per month, and this article reviews how you can make passive income on this platform. But first,
What is passive income?
Refers to the uninterrupted and consistent earnings that you get without the constant input of your physical effort or presence. Essentially, it is a one-time investment of time, finances and energy during the setup process. Once set, the program keeps generating income in a cascade-like manner with minimal input from your end.
How do you earn passively from Pinterest?
Pinterest is a resourceful platform for learning new things or sharing information. Notwithstanding, it has also proven to be a potent source of traffic for several websites in different niches. This makes it quite important when it comes to affiliate marketing, as already shown by recent statistics. Creating passive income on Pinterest, therefore, revolves around affiliate links.
What are affiliate links?
As you trawl the internet, there are chances that you have come across a product review on a website and a link included at the end of the description which read like “View on Amazon”. This is an example of an affiliate link.
Affiliate link leads your readers to a specific site where the product or service you are promoting is sold. For every person who clicks on your link and ends up buying the product on the seller’s site, you earn a commission. Different affiliate associates can promote the same product, but each person has a unique referral code. So it is guaranteed that you will be credited for whoever signs up for a service or purchases a product through your link.
Pinterest has registered users from all the four corners of the earth, making its user base one of the largest. Relevant posts and pins are therefore bound to receive a broad exposure. This presents an ample opportunity for affiliate marketing. You simply come up with an original post, add an affiliate link and then pin it on Pinterest. For every click-through and a successful sale, you earn. The list of products you can promote on the platform is endless, ranging from fashion and design to electronics and household items. However, you need to add only links that are consistent with your content; otherwise, it would appear like spam, a reason why Pinterest banned referral links a while ago.
Isn’t that an easy way of making money? Yes, it is. But before you get the referral code, you need to be part of an affiliate program.
How do you find an affiliate program?
There are as many affiliate programs as brands and products in the market. The best way to identify them is by doing research, for example, searching online, especially if you are new to affiliate marketing. You need to understand indicators that point towards the existence of a partner program for various brands such as “refer a friend” or “invite friends” at the bottom of a website.
If you find a button for “Buy On Amazon” on a blog site, it shows there is an affiliate program which you can also join. Examples you may consider include Tailwind, Ebates, Swagbucks, Honey, and many others. Noteworthy, some companies run these programs, but they are not well known. If you, therefore, come across a product you would like to promote, but you cannot find its affiliate link, it is worth enquiring from them.
Once you find a program for the product or brand of your interest, register and get your unique referral link.
What do you need to work with an affiliate program?
It is a common idea to think that an affiliate marketer must have a website or a blog. However, you can make money with affiliate programs without establishing any of the two. Add your link to a pin on a relevant board, and you will be good to go. But remember there are rules you must play by when including an affiliate link to your pin such as mentioning that your pin is an affiliate in the description.
Some programs such as Flex Offers only accept bloggers and those with business accounts on Pinterest, which is an advantage.
Once you master the art of making passive income from Pinterest, it is quite rewarding. You need a brilliant approach that will keep your followers’ list growing daily. First, your pins must be immaculately done and beautifully presented. Neither descriptions nor images should have any blemish.
Secondly, post your affiliate pins only on relevant boards. This ensures you generate the right traffic that would turn into sales. On the contrary, posting pins with an affiliate link on unrelated boards can lead to loss of your followers as they will un-follow you and your account also stands being deactivated by Pinterest. So don’t let the medicine meant to treat you kill you.