How affiliate marketing works
- 1 How affiliate marketing works
- 2 Why is this business model better than others?
- 3 Simplicity:
- 4 Affiliate marketing is flexible:
- 5 Very Low Start-Up Costs:
- 6 How to become an affiliate
- 7 Here are my Top 5 Affiliate programs/networks:
Affiliate Marketing is an online business model where you can earn commission for selling someone else’s products. You do not own the product you just received a piece from the pay for every time you send the customer to the merchant.
Why is this business model better than others?
- You don’t need to buy inventory or have a store.
- No payments, customer services, refunds etc.
- You need just to send people to other websites.
Affiliate marketing is flexible:
- You can always add more products to your website and expand to another niche.
Very Low Start-Up Costs:
- What you need is only a domain name (10 USD / year)
- Web Hosting (About 50 USD / year)
- An autoresponder (About 20 USD / month). For startups or if you don’t have the budget you can always use “MailChimp” email service which is free for a list up to 2000 subscribers.
How to become an affiliate
To be an affiliate marketer you don’t need any specialized knowledge or to be a webmaster.For example, if you want to be an affiliate with one of the bigest affiliate marketplaces “Clickbank” you need to have an only email address and PayPal account.
You just need basic computer skills and ability to identify a profitable niche. The most difficult part is choosing a niche.If you are just starting out or you’re looking for a profitable niche, please and the list of most profitable evergreen niches.
The affiliate network acts as a connection between the merchant (who create the product/service) and publisher (who is selling the product/service ).To make a consistent passive income you need to choose a network that you can trust.
Here are my Top 5 Affiliate programs/networks:
Traffic: To make money with Affiliate marketing you need traffic. To get organic traffic (SEO) you need to put initial upfront hard work but could payoff to years of truly passive income.
Additional Traffic Sources: However, there is so much more you can do to gain traffic. Here are a few:
- Adwords and Bing advertising
- Create an Email list
- Facebook advertising
- Video marketing
- Solo ads
- Much more!
How much money can you make?
In the established affiliate community, recently a poll was held on the STM Forum asking, “How much do you earn in a year?”
Note: ‘established’, I’m talking about affiliates working full-time in the CPA space.
Here were the results:
What an affiliate says he earns does not always correlate to what he actually earns, but it says a lot about the competence and/or the bluster of these affiliates.
That’s a lot of money in anybody’s currency.
If you take the median, it translates to between $220/day and $330/day in profit.
Note: Not all affiliate forums are equal. If you were to take a median sample from The Warrior Forum, I’d bet that the average earnings would barely between $50/day and $100/day.
The jump from earning $100/day to earning $300/day and sustaining it is what separates a successful, established CPA affiliate from the very best in the business.
It’s worth noting, the best in the business are not always the happiest with their incomes.
Affiliate Marketing Forums and Communities
How to guarantee success as an Affiliate Marketer:
- Set a Goal and Keep it in Focus
Give yourself something to aim for. Write down where you want to be in six months: How much passive income do you want to be generating? How many websites do you want to create? How many articles do you want to write for your blogs etc..?
- Balance Research and Action
There are a lot of resources, websites, and experts on the topic of making money online. There are also hundreds of different ways to do it, but the only way you’ll ever succeed with any of them is to see one through to the end.
You can always try new ideas and strategies, but make sure you balance your research with real, tangible action. Try to spend 20 percent of your time learning, and 80 percent of your time actually DOING.
If you purchase a course or subscribe to a particular strategy, make sure you actually go through with it. Don’t fill your computer — or your head — with courses you’ve never completed.
Check out Mark Link’s thorough guide to making money this way – it is free.
Be Patient and Enjoy the Ride!
Your affiliate empire will not come about after a few days sitting in front of your computer. Give yourself a chance! Stick with it.There is no point worrying about what might or might not happen in the future. If you hit a setback, take it in your stride.