Preface.
I have been making professional money through Affiliate programs for many years. You can fully support your life with income from affiliate programs. I will share with you my experience of how you can have excellent passive income without leaving home, without spending time and money on work. At the end of the article I will share the method of passive income that I have, this income is the best in my and other people’s lives.

Passive income.
In the film "My Boy", Hugh Grant plays a rich darling of fate. His father once wrote a popular Christmas song, on the royalties from which the hero lives - he does not work and receives payments as an heir. But not everyone is so lucky, so let’s look at other passive income options.
When you work and receive a salary, this is active income. But, if you suddenly lose your job for any reason - due to layoffs, illness, or simply don’t get along well with your boss - these payments will stop. Passive income is money that regularly comes to you, regardless of your age, health and performance.
Planning passive income should be taken seriously, because it is usually created not in a month or even in a year. First you need to decide when you would like to start receiving it - in three, five or ten years. Determine exactly what amounts you are counting on and how often you hope to receive them. Let's say, every month for the rest of your life, once every five years, or according to some other schedule.
Think about how you can save - a little from each salary, once a year from a bonus, or just once when you receive an inheritance. The timing and amounts, of course, must be realistic. Have you decided on your plans? Move on to choosing tools that will help you create an additional source of profit.

What are the sources of passive income?

Bank deposit
This is perhaps the easiest way to earn passive income. If you have not yet dealt with investments, do not want to take risks, but understand that storing money under the mattress is unprofitable due to inflation, open a bank deposit.

Non-state pension
This option is suitable if you are counting on passive income not now, but in the future. You can enter into an additional pension agreement with one of the non-state pension funds (NPF).

Investments in securities
Stock market instruments can bring you more than deposits or investments in non-state pension funds. But, you need to remember the main law of investing: profitability is proportional to risk. The greater the potential profit, the higher the likelihood of losses.

Investment and endowment life insurance
Typically, investment life insurance contracts (ILI) are concluded for three to five years, and accumulative life insurance (CIL) contracts are concluded for a longer period. In both cases, the insurance company will invest the money for you.
During the policy, you make one or more contributions, and at the end of the term you receive them back plus accumulated investment income. According to the ILI, the insurance company transfers the entire amount to you at once. And with the NSL, you can choose regular payments for several years or for life.

Real estate
Renting an apartment, or better yet several, collecting money from tenants and not going to work sounds like a dream. But in fact, this income also comes with costs and risks. You need to take into account costs: rent, property tax, tax on rental income.

Crowdfunding
Not everyone can create and run their own business. But, you can invest in other people’s projects in order to make money. For example, using crowdfunding to invest in startups and rapidly growing companies. They are able to “shoot” and bring huge income.

Creation of intellectual property
Creating a hit, a bestseller, a blockbuster, or patenting an ingenious milk carton opener is a great way to earn passive income. You can receive royalties for your work or invention for the rest of your life. Your grandchildren will also get it.

In this article, we will talk about passive income through a multi-level affiliate program.

Affiliate program
Affiliate programs are a popular type of additional income that you can engage in both actively and passively.

What is an affiliate program?
An affiliate program is a system for promoting a brand, service, product or service through recommendations from users or other interested parties.
The brand offers a person (called a referee or referrer) a bonus for attracting an audience, and they look for ways to bring new clients (referrals) to the site/company/entrepreneur.
The referee is interested in receiving bonuses, so he takes on all the “advertising costs”: he spends time searching for potential buyers, users or customers, talks about the advantages of the advertised product and service, creates a positive image for it, does everything to attract the client and not incur losses.
Brands often use referral programs in conjunction with other promotional methods.
To increase traffic, because this is an effective method that can be easily adapted to business needs and made as attractive as possible for a large number of referrers and referrals.

How it works?
First, a little more terminology, some of which I have already mentioned earlier, but have not discussed in detail.
Referral – a client invited by a referrer, for whom the referee will receive a bonus from the business.
Referrer (referee) is a participant in the referral program who invites new clients, users (Referrals) and receives a reward for this.
Referral code or link - materials used to identify the referrer and referral within the program.
Referral reward is a bonus, discount, free service, money or product that a referrer receives for successfully attracting a new client (Referral).
Referral traffic is traffic to a website or application generated through a referral link.
Referral conversion is a process in which a referral takes the expected action. Most often this is registration or a paid purchase.
It’s easier to understand how referral marketing works using examples.
You have a Social Network site, for example. Quite good, but with a small audience. To increase your audience, you decide to launch a referral program. Its essence is that for each invited user, the current user receives a monetary reward. You have captured potential income from a new registered user and thanked the referee for it.
This is the basic idea, but it can be developed further. There are several types and models of referral marketing.

Why does this work?
Numerous studies confirm that most people trust recommendations from friends more than other types of advertising. A friend's advice is more important to them. For them, it is more valuable than any marketing campaign.
A friend's opinion is more important than any persuasion from the seller. Their motives are clear.
The friend rarely gives recommendations and does not spam emails with “unique selling propositions.”
A friend does not recommend for his own benefit or for the benefit of him and you.
The same applies to reviews on the Internet. They are considered more truthful than words from advertising, even despite the dominance of fake responses bought in batches on copyright exchanges.
People often inspire more trust in other people than businesses. This is the main idea of the affiliate program. And the task of business is to find a referee.

What are the types of affiliate programs?
The difference between affiliate program models is the reward and the recipients. Who receives the reward (bonus from the business), in what volume and whether they receive it at all.

Single sided model
This model benefits only the business and the referee. The benefit of the referee is to receive a reward, and the benefit of the business is to increase the audience (the appearance of new clients).
Let's look at it with an example. Let's say you are using a Social Network website and saw a referral program on it that allows you to use a Pro account for free if you refer another user who registers on the same site and pays for Pro services. At the same time, the referral is not entitled to any discounts.
A less efficient model, although it allows the business to save resources.
Referee earnings - no. Only temporary use of a paid account on the site.

Double-sided model
The two-sided model implies more benefits. All participants in the transaction receive some kind of reward at once. And the business, and the inviter (referee), and the invitee (referral).
True, the amount of remuneration may vary for each of them. For the referee it is often more significant and profitable. Referrals receive a small bonus and motivation to become a referee.
Some companies offer identical bonuses to both referees and referrals. This makes the referee's job easier, since it is easier to attract a client when you both receive a fairly significant reward.
If we look at this case using the example of the same Social Network site, then both the inviter and the invitee should receive a Pro account for the same period of use.
A more effective model, as it increases the motivation of the referee and the chances of increasing the audience.
Referee earnings - no. Only temporary use of paid accounts and easier attraction of referrals.

Referral program without bonuses
This is what we call word of mouth. When word of mouth about a product spreads around the world, not because someone will receive an award for advertising, but because the product itself, the service, is so good that it cannot but be shared.
If you use a Social Network site and always find suitable services, advice, and income on it, then without additional compensation you will want to tell your friends about it.
Surely you have heard more than once about how friends recommend to each other doctors, good cars, experienced computer repair specialists, interesting restaurants with quality cuisine, and so on. This is the same referral marketing, but free, working due to the high quality of the services provided/product sold.
Referee earnings - no.

Reward for referral user
According to the terms of the affiliate program, the webmaster, arbitrator or other person who attracts clients receives a reward for the targeted action. Depending on the offer, only new or repeat clients are paid.
The scheme of cooperation with the affiliate program looks like this:
a partner, who is also an agent, distributes information about a product or service;
a potential client, user follows a special link, makes a purchase or service;
when the target action is completed, the agent receives money.
A referee's salary is very low.

Percentage of sales.
Some companies share profits with referrers: the client receives a percentage of each purchase. Such programs are called affiliate programs.
For example, a referral registered on the marketplace, from all the purchases that he will make. the referee receives a percentage, on average it is 1-10% of the purchased product or service.
A referee's salary is low.

Percentage of sales involving referrals.
Goods and services are provided to the referee from the seller at a reduced price. The referee have their own referrals to whom they can sell goods and services at a lower price than they are sold by the owner, the referral, in turn, can offer these goods, services to buyers at a slightly higher price but not higher than what is sold by the owner. The income they receive is all the difference from the sale price.
Example, the owner of a social network sells membership to the social network for $100 per year. A referee can sell the same membership to his referral for $80, a referral can sell this membership to a user for $90.
A referee's salary is average.

Percentage of sales involving a chain of referrals
Goods and services are provided to the referee from the seller at a reduced price. The referee have their own referrals to whom they can sell goods and services at a lower price than they are sold by the owner, the referral, in turn, can offer this product with their referral at an inflated price, but no more than the owner.
For example, the owner of a social network sells membership to use the site for $100. For referees, they sell the same membership to use the site for $50. The referee sells their referrals a membership for using the site for $60, the lower referrals sell this service to their referrals for $70, the next referrals sell this service to their referrals for $80. The following referrals sell this service to site users for $90. Everyone along the chain earns from the difference in price. In this regard, some referrals have other referrals and at the same time there are more opportunities for selling membership of the Social Network for users.
A referee's salary is high. (Provided that the referee is at the first level and receives the lowest price for goods, services directly from the seller of goods, services.)

Multi-level affiliate program (bonus information)
We will give this example on a working Affiliate program on the website of the Social Network BigMoney.VIP
Before I tell you about this affiliate work, I will give information about the site on which this very Affiliate program is located.
This is a social network site for training and earning money, investments, passive income and much more related to money.
The site has been operating for a long time since 2022. The site traffic is more than one million unique visitors per month and is constantly increasing (statistics indicated at the time of writing this article).
I won’t tell you all the advantages of this site, I’ll tell you the main ones:
1. Registration on the site is paid, so there is no; spam, scammers, fake users, unnecessary information in the form of advertising.
2. The site has an excellent opportunity to earn money; content, marketplace, money exchange and transfers, advertising, creating your own money fund, creating paid groups where you can monetize your lessons and courses, and many other earning opportunities.
3. Advertise on the site. Since the site is well visited, you can advertise on it both free and paid. Any information you supply is free, appears in first place on the main page of the site, you can put this information constantly, as new information arrives from other users, your supplied information moves down the feed. If you do not have the time or desire to constantly put new information (advertising), you can use paid advertising, in which you can put any information; contacts, site address, pictures, videos, this advertisement will appear on the main page of the site and in its other sections. Ads can be customized to be viewed on; countries, gender of users and much more. Displaying these advertisements is free; only if you click on them to your website or account, you will be charged a small fee of 5 cents.
4. A big plus for those who want to increase views on their videos on YouTube and other sites. When you add a video to a website (by code or download), it will appear on the main page of the website in first place in the feed. In the first 24 hours, your video can be viewed by hundreds and even thousands of people. This will help you promote your video on; YouTube, TikTok and other sites.
5. To the site There is a lot of classified information from unregistered visitors; there is a lot of useful and interesting information for site users in closed groups.
6. The best thing about the site is the opportunity to have excellent passive income through a multi-level Affiliate program.

How does the Affiliate program work on BigMoney.VIP
The affiliate program consists of 10 levels. A visitor who comes through a referral link pays $200 for using the site upon registration. Of this money, $100 goes to the referee, $10 each, down the chain to the first invited referee.
Example.
Referee Liam invited referral Noah to the site.
Noah invited referral Oliver to the site
Oliver invited referral James to the site
James invited referral Elijah to the site
Elijah invited referral William to the site
William invited referral Henry to the site
Henry invited referral Lucas to the site
Lucas invited referral Benjamin to the site
Benjamin invited referral Theodore to the site
Theodore invited you to the referral site (for example, you will be under the name Mateo)
You (Mateo) pay $200 for registration on the site and use of the site. You will no longer need to make any payments. After your purchase of membership, use the site. All 10 of your referees: Liam, Noah, Oliver, James, Elijah, William, Henry, Lucas, Benjamin, Theodore will be paid $10 each. The payment goes to their site wallet automatically and your name appears on their list of referrals.
Next, you (Mateo), for example, invite two of your friends Levi and Sebastian to the site. For each of them you get $10, in total for two people you get $20 and all your higher referees 9 people Noah, Oliver, James, Elijah, William, Henry, Lucas, Benjamin, Theodore also receive $10 for these two referrals for each total $20. And so on.
We can calculate the worst case scenario. Let’s say you can’t or don’t have the skills to invite anyone, for the whole time or at once you invited only five people. Next, we will calculate your almost impossible minimum income. Let’s assume that all referrals cannot invite anyone and only invite five people.

First stage (level) You invited five of your friends as indicated above, for them you received $50.

The second stage, your invited 5 friends each invited 5 people for a total of 25 referrals, for which you receive $250. We add to this payment the money from the first stage, in total you have earned $300 in total at the second stage. At the same time, you no longer do anything starting from the second stage.

The third stage, the last 25 referrals each invite 5 new referrals, in total they invited 125 new referrals. For which you are charged $1,250, add to them the previous payments of $300. In total, at the third stage, your total passive incom is $1,550.

Fourth stage. The previous 125 referrals each invite 5 new referrals, for a total of 625 new referrals, for which you are credited with $6,250, plus the previous earnings of $1,550, for a total of $7,800. Don’t forget, you haven’t been doing anything else for a long time, money comes to you for the work of others who invite other referrals. You just watch how money is added to your wallet and calmly withdraw it from the site.

Fifth stage, The last 625 referrals each invite 5 new referrals, in total they invited 3,125 new referrals, for which you are automatically credited with $31,250, to this amount, we add the previous amount of $7,800. In total, at this stage you have passive income in the amount of $39,050. Now, it will seem to you that this is not real. In fact, this is all real and once you start working according to this scheme, you will see it for yourself.

Sixth stage, the last 3,125 referrals each invite 5 new referrals. In total, together they invited 15,625 new referrals, for which you will be credited with $156,250, to this amount, we add your previous income of $39,050, in total, since the beginning of your passive income you have earned $195,300.

Seventh stage, the last 15,625 referrals each invite 5 new referrals, for a total of 78,125 new referrals. For which you are charged $781,250, to this amount we add the previous income of $195,300. In total, from the beginning of your earnings you get $976,550

Eighth stage, the last 78,125 referrals each invite 5 new referrals, in total they invite 390,625 new referrals, for which you are paid an amount of $3,906,250, to which we add the previous amount of $976,550, in total your total income at this stage is $4,882,800

Ninth stage, the last 390,625 referrals, each of them invites 5 new referrals, in total they invited 1,953,125 new referrals, for which you are paid $19,531,250, to which we add the previous 4 earned money, $882,800, in total at this stage from the beginning of participation in this program you have an income of $24,414,050

Tenth stage, the last 1,953,125 new referrals each invite 5 new referrals, for a total of 9,765,625 new referrals, for which you receive $97,656,250. to this we add the money you previously earned: $24,414,050, for a total of $122,070,300 in passive income

Think about where you can earn that amount by investing just $200 and inviting just a couple or 5 of your friends as referrals.

Of course, these are estimates of your approximate earnings; they can last for several months or even several years. But these are the average minimum numbers. Many have the ability to invite many more referrals, and it doesn't have to be you. The more referrals you invite yourself, the greater your future earnings will be.

You can say, I don’t communicate with anyone, or I don’t know anyone who can be invited, or I’m not sociable and can’t win over people. None of this is a problem. When you start using the site, you will find a lot of information on it on how to attract new referrals. Also, all your 10 referees can tell you and give advice on how, where you can attract new referrals, your referees are interested in this, since they will have income from your referrals and your referees will share with you their secrets for attracting new referrals, these secrets are unlikely to be shared with everyone on the Internet.
A referee's salary is very high, passive and permanent. At the beginning, the income is small, but over time it constantly increases, even if the referee does nothing.

Legality of Multi-Level Affiliate Program
Attention! Do not confuse this multi-level affiliate program with a pyramid scheme. There are many similarities here. But most importantly, the financial pyramid collapses sooner or later and many participants in it remain in the red. A multi-level affiliate program cannot collapse and leave anyone in the red, since it is built on the sale of services for using the Social Network.

First, let's define the terms:
A referral (affiliate) program is a marketing strategy in which existing customers attract new customers in exchange for a reward. This is a mutually beneficial cooperation, in which the company receives new clients, and referents receive rewards for their recommendations. It is through this referral program that referrals are attracted to receive services for using the BigMoney.VIP social network
A financial pyramid is a business model based on generating income primarily through attracting new participants to the system, rather than through the actual sale of goods or services. In such schemes, the income of early participants is formed at the expense of contributions from subsequent ones, which ultimately leads to the collapse of the system and losses for the majority of its participants.
In this referral program. New referrals pay the BigMoney.VIP site for using its services, and the site already pays the referee a reward for the fact that a new referral has been added to his team who has purchased and will use the site’s services.

And now the main aspects of the difference between these two business models:
1) Value Proposition: Referral programs focus on selling goods or services, while pyramid schemes often promise high returns without an explicit product or service proposition. The BigMoney.VIP site also aims to sell more services for using the site for referrals. The site does not offer empty money; the referee’s money is paid in real money from the site’s budget.
2) Reward: In referral programs, the reward is based on actual sales made through the referral. In financial pyramids, income often depends on the number of participants attracted. The BigMoney.VIP website sells real services that many people buy and use without interest in participating in the Affiliate Program.
3) Sustainability: referral programs are created for long-term business development, while financial pyramids are short-term in nature and doomed to failure. The affiliate program on the site is designed for long-term operation and has been providing its services under the affiliate program since 2022.
In the affiliate program on the BigMoney.VIP website, you become a partner of the site and receive a portion of the income from the site’s income.
Before launching this affiliate program, legal experts were consulted on the legality of such a program. And the lawyers did not identify any violations of the law in the Affiliate program of the BigMoney.VIP website

Where to get referrals from.
Below I will give you some initial simple ways to attract referrals.

Method #1: Tell your friends, relatives, colleagues, acquaintances
We all have a lot of friends and acquaintances, so why not invite them to try to earn extra money on the Internet? Of course, you shouldn’t expect that all of them will be registered, but it’s worth a try as an option.

Method #2: Leaving post your referral link on various forums
The effectiveness of this method is not very high, because most forums for making money have long been dotted with referral links up and down. However, if you manage to find a new forum, you will still be able to attract a certain number of referrals.

Method #3: Post a link to attract referrals on job boards
In my opinion, this method is perhaps, in terms of the ratio of labor costs and the number of attracted referrals, one of the most effective free methods. On such sites, people themselves are looking for work, so by correctly composing an advertisement, you have a great chance of attracting active referrals to the project.
The most important thing is to compose the ad correctly; in no case should you deceive and draw exorbitant amounts of earnings in a short period of time. It's simple - deceive, people will probably register, but will not work, because... We hoped for one thing, but got something completely different. And vice versa, if they get what they expected, I will delight your referrals with their activity and profitability.

Method #4: Leave comments on blogs
Everything is simple here, we find blogs and sites about making money through Google or Yandex, write an interesting comment and at the same time put our referral link. The main thing is that it does not look like blatant advertising, everything should be appropriate and look like a recommendation.

Method #5: Post your referral link on social networks
Social networks - in my opinion, this is one of the most promising ways to attract referrals. A large number of people gather here (potential free referrals), and what is important for us is that many of them are looking for work on the Internet. There are many groups dedicated to work and income. Therefore, this is a “golden niche” for us. We join groups, talk about our project, create topics for discussion, leave meaningful comments with referral links.
What is important when searching for referrals through social networks? Choose only the target audience (people who are interested in earnings and work). The age of potential referrals is from 14 to 18 years, because they do not yet have a permanent income and cannot find a job due to studies, inappropriate age and parental disagreement. Don't forget that social networks don't end only with Facebook, try your hand at YouTube, Twitter, Instagram, WhatsApp, TikTok, Linkedin, Telegram and many others!

Method #6: Create video tutorials on how to make money, leave a referral link in the description
Video tutorials are another great way to get referrals. Video hosting sites such as Youtube are becoming more and more popular; a lot of people hang out there. Many for fun, and many for training and job search. And you can’t miss the opportunity to get referrals there for free! Therefore, we make an interesting video on the topic of making money, the most important thing is that it is useful, upload it, for example, to Youtube and insert a referral link in the description of the video. In addition to YouTube, there are many other video hosting sites where you can simultaneously upload your video.

Method #7: Sending letters via @mail
Bulk mailing is a common way of advertising on the Internet. If you have a large number of @mail addresses available or can get them somewhere, then you can organize a mailing of letters and try to interest people in your offer. The larger the base of @mail addresses, the more referrals you can attract. But, remember that when sending mass letters, mail servers may recognize your mailing attempts as spam, and accordingly the letters will not reach their final recipients.

Method #8: Create your own website to attract referrals (group on social networks, forum or blog)
I left this method for last for a reason. In my opinion, your own website is the best way to attract many referrals. It is quite labor- and time-consuming, but the quality of the referrals received will ultimately be very high with the right approach. You will have to study quite a bit of literature, not only how to create a website, but also how to properly fill it, develop it and promote it. The same goes for creating a group on social networks. Having worked well on your site and achieved high traffic, you can get a lot of referrals.

But, in the case of the Affiliate program on the BigMoney.VIP website, you do not need to attract many referrals. It is enough to attract a couple of referrals and this will be enough to have a good passive income in the future. Of course, with each additional referral you bring, your future earnings will be much larger and faster.