Part 7/11:
The third income stream is affiliate income, which arises from promoting products or services. When a recommendation leads to a purchase or a signup, a commission is earned. The speaker shares that this creates a mutually beneficial scenario for both the audience and themselves.
An example given was the promotion of Trading 212, where the speaker receives a commission if viewers sign up through their link. This form of income can generate ongoing revenue from older content, as it remains viable as long as the video continues to attract viewers. The speaker cites Martin Lewis's Money Saving Expert as a prime example, showcasing the immense potential of affiliate marketing when done effectively.