Join Dan Fleyshman in "The Money Mondays" podcast where he dives into the lucrative world of affiliate marketing and recurring income streams. Learn how to leverage your unique affiliate links to promote products you trust, and earn a commission not only on initial sales but on related products like books or courses. Fleyshman highlights the importance of authenticity in marketing, encouraging the use of social media and personal networks to share products like elevatorfunding.com and figures such as Tony Robbins. He walks you through the facets of creating a steady income by referring businesses and securing long-term commissions, providing practical advice on making the most of this side hustle.
In addition to affiliate marketing strategies, Fleyshman explores a variety of side hustles that can boost your income. From driving gigs with companies like Uber to renting out spare spaces on platforms like Airbnb, he shares actionable tips on how to capitalize on the gig economy. If you're skilled in a particular area, consider tutoring or teaching gigs, just as Fleyshman's grandfather did, leveraging technology to provide these services across various mediums. Whether you're looking to make extra cash or establish a passive income, "The Money Mondays" gives you the insight into turning these side endeavors into a substantial addition to your financial portfolio.
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Dan Fleyshman presents the process of earning through affiliate marketing by promoting products of companies that individuals believe in. He outlines that affiliates use a unique link or code to promote products on different platforms, and if a purchase is made through these links, they earn a commission. This commission can also carry over to subsequent sales such as books or courses related to the original product. Fleyshman gives examples of companies with affiliate programs, including elevatorfunding.com and deposit.com, and public figures like Tony Robbins. He recommends affiliates promote products they use and trust, using channels like social media and direct communication for marketing.
Discussing the concept of recurring commissions, Dan Fleyshman explains that this type of commission provides a steady income stream when affiliates refer customers to businesses such as Deposit.com. By referring through a personal link, affiliates earn throughout the customer's tenure with the service. Fleyshman lists various service providers, like web design and SEO specialists, that often offer such commissions. Tips to ensure success in this area include negotiating commissions before the referral, choosing reputable businesses, and aiming to provide value to all parties involved. Using networks and social media for referrals can help save money for the businesses involved and secure a recurring income for the referrer.
Fleyshman sheds light on alternative revenue streams through side hustles that can complement one’s primary income. He explains that driving for services like Uber and Lyft or delivery companies like DoorDash allows flexibility and can supplement income. Renting out extra space on Airbnb and Pierspace is another option he suggests for making extra money. In addition, Fleyshman points out that tutoring or teaching skills such as languages, music, or cooking can be profitable side hustles. Highlighting his grandfather as an inspiring example, he suggests setting rates based on expertise and market willingness to pay, and leveraging different mediums—phone, laptop, or in-person—to carry out the tutoring or teaching side gigs.
1-Page Summary
Fleyshman outlines the concept of affiliate revenue, providing practical examples and tips for individuals interested in becoming affiliates for businesses they trust.
Affiliate revenue is a method where individuals sell or promote other companies’ products and earn a commission through various channels such as email, text, social media, or direct referrals. Fleyshman explains that an affiliate will share a unique link or code that directs traffic to a specific offer or website. When purchases are made through these links, the affiliate earns a commission, which can extend beyond the initial product if further purchases are made, such as books or courses tied to the initial referral.
Fleyshman discusses the process of earning commissions through various companies that offer affiliate or referral programs, using elevatorfunding.com and deposit.com as examples. Such companies are often already successful, providing trustworthy opportunities for those looking to engage in affiliate marketing. By using affiliate links to refer people to these businesses, individuals have the chance to generate additional income with minimal effort.
He further illustrates this by suggesting that referring clients to a web design company could result in significant commission earnings. For instance, he points out that referring six clients with a service fee of $5,000 could lead to a commission of $3,000.
Fleyshman mentions that indivi ...
Affiliate Revenue
Dan Fleyshman discusses how individuals can earn a steady income through recurring commissions by referring customers to businesses such as Deposit.com.
Reoccurring commissions offer a financial benefit for referrals. For instance, Fleyshman explains that by referring someone to sign up for a merchant account through Deposit.com with a specific referral link (/elevator), the referrer earns a recurring commission for the entire duration of the customer's relationship with the company. This model can support ongoing contributions to a cause, such as purchasing animal feed.
Fleyshman emphasizes that companies like Deposit.com and ElevatorFunding.com are examples of businesses that provide referral commissions. Moreover, referring clients to professional services such as accountants, publicists, PR agencies, and paid media agencies can also yield commissions. He notes that service providers, including web designers and SEO specialists, are likely to offer a commission for referrals that lead to new clients.
To successfully earn recurring commissions, Fleyshman offers a few tips:
Ask for commissions upfront: It's recommended to negotiate commission agreements before directing clients to a business to establish clear terms of the referral relationship.
Refer to quality businesses: The value of the referral should be maintained for all parties invol ...
Recurring Commissions from Referring Businesses
In the current economy, many are turning to side hustles to supplement their income. Dan Fleyshman weighs in on the topic, highlighting various opportunities for part-time work that can fit around an individual's schedule.
Dan Fleyshman discusses the potential for substantial part-time income by working with ridesharing and delivery services such as Uber, Lyft, Uber Eats, Instacart, Postmates, and DoorDash. Such opportunities can benefit even those with full-time jobs and can significantly supplement annual earnings, offering a contrast to the often slow salary increases typically provided by full-time employers. The flexibility of driving for these companies allows individuals to earn extra cash around their personal schedule, including evenings, mornings, and weekends.
Fleyshman also mentions the possibility of using one's extra space to earn money by suggesting platforms like Airbnb and Pierspace. By renting out extra bedrooms or different areas at home, apartment, or office space, individuals can generate additional revenue stream.
Having skills or hobbies can turn into monetizable side gigs, Fleyshman says. For example, if one is proficient in Spanish, chess, a musical instrument, or cooking, these skills can be taught to others. He encour ...
Side Hustles
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