If you are completely new to affiliate marketing, affiliate marketing is a way of
earning a commission when you promote a company or people’s products
either by generating sales or leads.
For example, a company is selling a product and intend to recruits a third party
to help them sell their products and share their profit with them. If the product
is selling at $50, the company may decide to pay the third party (affiliate) 50%
for each sale.
That means affiliates will earn a total of $25 for each sale. Let say; the affiliate
makes 20 sales per month, that is $25 multiply by 20 which is $500.The affiliate
will be paid $500 for making 20 sales.
Now, if the affiliate works hard and makes 100 sales per month, then the
commission will be $2,500.
6 Great Reasons To Become an Affiliate
1. Start-up costs are super low. To start a regular business where you rent
retail space and stock inventory could easily set you back tens of thousands of
dollars. As an affiliate, you can get started for the cost of a burger.
2. You don’t need staff. No office and no messy payroll handling. When you get
started as an affiliate, you can do it all yourself, and when the time comes to
grow your business, it’s easy to outsource.
You don’t need to create your product: You only NEED to promote products
which are ready for sale. Whether it’s an eBook about dog training or a weight
loss supplement – there is a product out there that you can sell as an affiliate.
You don’t need to be a PhD on any subject to sell affiliate products. If you want
to be an affiliate for self-help products, then you don’t need a PhD in health
and fitness. All you need is to learn the ability to market the right affiliate
products to the right people.
3. Earn passive income. In a normal job you only get paid once for the work
that you do, but as an affiliate marketer, you can keep making money from the
same work day in, day out.
It is an opportunity to work your hours. That doesn’t mean you only need to
work for just an hour a day and expect to get the best result. However, you
do have what it takes to work when it suits you and have a more flexible life.
You become your boss – that is very interesting?
How much can you make per month as an affiliate?
The amount you will make depends on how much effort you put in and how
seriously you take it. Let say you only work an hour a day; then you might not
make much money at all.
But if you dedicated and treat your affiliate marketing as a real business, and
you put 98% in every time you sit down in from of your computer, then you
can make a full-time income.
Let take a real example
Here is simple maths on how much you can make as an affiliate. Let say you are
promoting a program that pay 100 per sale, if you are making one sale per day
that is $700 per week, $3000 per month and for a year that is $36,000 for one
product.
What if you are promoting more than one product? That means you can
easily double or triple your income if you put more effort into it.
Is Affiliate Marketing Simple or Difficult?
Great question, most people are running away from affiliate marketing
because they think it is very difficult and require a lot of money to get started.
Affiliate marketing is not difficult at the same time; it is very simple to handle.
It requires more time and effort to make the most money from it.
Some are making ZERO monthly while some are making five figures per month.
So, if there are a lot of people who are making 5 to six-figure per month, then
you too can achieve such a goal. Keep it in mind.
How Affiliate Marketing Works
In this chapter, you will learn how affiliate marketing works and why you need
to build your brand and grow your affiliate strategy to maximise your profit.
There are different ways to do affiliate marketing, some require website while
some may not, but if you are serious about affiliate marketing, you need to
have a website or blog which serves as your digital real estate.
Having a blog will give you more potential to build and grow the affiliate
marketing that will profit and help you to build a solid online business that can
last for years.
Affiliate marketing works in the following steps:
Step 1: Find a product to promote as an affiliate: The first step is to find the
product you can promote. For example, let’s look at Clickbank.com.
Clickbank has more than 10 thousands products affiliates can promote in different niches. You will get access to the list of best affiliate programs on
different niches as a BONUS.
Step 2. Sign up for the affiliate program: After getting the best affiliate
company, then sign up an account by filling the form present to you. Most
companies require you to have a website before they can approve you.
Step 3: Get approved by the company: After submitting your application form,
they will need to review your application, and if you meet their requirement,
you will get approved. I will teach you how to get approved by any affiliate
program, don’t be worried.
Step 4. Get access to your affiliate link. After you are approved, then you will
get access to your affiliate link that will contain URL and your affiliate code to
track your sale.
When a visitor clicks on your affiliate link, a cookie is installed by the company
to keep tracking their purchase through your affiliate link.
Step 5. Promote your affiliate link by sending visitors. Now that you have your
affiliate link, you need to start sending people or visitors to your link, and if
anyone makes a purchase, you will make a commission. One of the hardest
steps in affiliate marketing is getting targeted traffic that can convert into
sales.
Step 6. Get commission when visitors buy the product through your affiliate
link. You will get your commission when someone buys the product you are
promoting through your link. If your product is $97 and the company or
individuals are paying 50%, then you will get $48.5 per sale.
Step 7.Get paid: It may take some time if the product has a refund policy
which may be 30 days. That means your commission will get paid after the refund period expires
Pay per Commission Vs Pay per lead
Many affiliate programs are paying per lead. What does that mean?
You will get paid by the number of the leads you send to the company such as
email, submit, fill out the form, sign up for an account etc. Pay per lead can be a
great way to generate more income if you can send a lot of traffic to the
company offers. The only difference is that they only pay less compared to the
pay per commission.
For example, pay per lead can be $1 to $3 for sign up or submit an email.
How to Affiliate Link works
I talked about affiliate link before, but I think you need to understand how it
works to avoid any unnecessary mistakes when promoting any affiliate offers.
You’ll have a special link which can be accessed by you, known as an affiliate
link, for every offer or product you’re promoting. Affiliate link has tracking in
them to ensure that you get credited with every sale you make. When visitors
click your affiliate link, then the merchant knows it was you who sent the
Customer.
Customers will never know that they purchased through an affiliate link and
don’t affect the customer at all in any area.
Any time a customer purchases something within a certain period after clicking
on your affiliate link, you get the commission.
The main goal of affiliate marketing is to get as many customers as possible to affiliate links and visiting merchant pages. The more people that click on your affiliate links, the more chances you have to get a sale and earn a commission.
The most important thing is to take action. The most successful affiliate marketers
are those who take action, rather than those who think about doing it without
taking any step.
Getting it right in the first time may be difficult, but the experience is what
counts when you are learning affiliate marketing. You will improve your skills
and abilities over time and become a super affiliate marketer.
I am going to list the profitable markets and their niches, so you can check
them out and choose anyone you think you can provide valuable and quality
content that solves people’s problems.
