What is Affiliate Marketing?
You probably arrived at this post because, you’re wondering what affiliate marketing actually is? I had the same question too. So, you came to the right place. Before, I started online I had no clue of the term affiliate marketing. As time went on I started to learn that affiliate marketing is a way for any ordinary person like you and me, to earn an income online.
Is Affiliate Marketing New?
No! Affiliate Marketing is one of the oldest ways to make money online. This is how it works! You’ll find a product that you like. You’ll sign up for the product at the companies website. The company will give you access to an uinque tracking affiliate link. Take that link and promote or share that same product to others. If someone purchases the product through your link, you’ll earn a fixed percentage from the company.
I think you get the idea. Sharing other peoples products, saves you time and money because you won’t have to create or store a product of your own. Not saying that you won’t or shouldn’t in the future.
Affiliate Marketers Sign up for Affiliate Programs
The company that has the product or service that you want to share will allow people to sign up to their programs called affiliate programs. When you sign up for the affiliate program, there will be an affiliate agreement between you and the company.
Pro Tip: Make sure you always read the affiliate agreement, usually it will tell you how you’ll get paid, what and what not to do, and sometimes they will give you tips on how to promote their services.
In some cases, affiliate programs are also called a referral program. As an affiliate you will help promote the business services or products to others. Once someone signs up, you will get a commission for doing so.
How Does a Referral Program Work?
Sort of like, Sprint. Sprint the phone company has a referral program. If you as the customer love their service so much, as I do. Then you can share your unique link with the world and all the benefits of why you think someone should sign up with Sprint. If your friends, family, or followers chose to sign up with the service, you’ll get paid a referral fee.
How do Affiliates make Money?
There are two ways that affiliates make money online through affiliate marketing.
If you have your own product, you can share the product with your followers or other people. They purchase the product and recommend it to their followers or other people. Also, you can acquire affiliates if you create your own affiliate program.
When first starting out in the marketing industry, the most common way to be an affiliate marketer is to promote other people’s products. Share the product with other people and followers, they purchase the product and you get paid.
This is How Affiliate Marketing works at a glance…
Easy peasy, right? Well, it sounds easy peasy but, it doesn’t happen as easy, as it sounds. Most people think that when you become an affiliate marketer all you have to do is sign up with an affiliate program, get access to the product, share the product through your unique link and get paid.
Wrong! I thought the same way. It is more to affiliate marketing than the average person knows. That is why I am here today, explaining to you how affiliate marketing actually works.
To be a successful affiliate marketer you’ll need the proper education, proper tools, and you’ll have to surround yourself around like-minded people. Affiliate marketing success does not happen overnight. It will take time, you’ll have to hustle and grind with a strategic plan, and sometimes trial and error to learn but, if you stay the course you can see success.
Affiliate Marketing does it work?
Yes, it does work and it is not a scam. It only works when you learn how to properly market. Honestly, it will take time and a lot of work. I really do mean a lot of work, that you have to put in, to get to the point that you are making a full time income. Is it worth it?Of course, do you think Apple would have been as successful as it is today, if Steve Jobs gave up.
So, let’s dive right into how affiliate marketing works? Most affiliate marketers have a blog, or a website, an email list, or some sort of online presence such as social media or YouTube. I’ll explain this in more detail going forward.
A blog or Website
If you are completely new to affiliate marketing, it is best to start off with a blog or a website. Why a blog or website? Because, it’s your online real estate. Unlike social media, you won’t get your account banned or suspended. Your website will always be there as long as you own the domain and hosting.
Starting a blog or website is easy! You’ll come up with an idea that you are passionate about. It can be any idea. Build out the website, and go find products that are congruent to your idea. Share those products on your blog with your visitors, if they purchase, you’ll get paid.
For example: If you are passionate about self-improvement. You’ll build a website talking about self-improvement. Go find products to promote to others that will help them self improve. Once they buy the product, you get paid. At the same time it helps others solve their issue with self-improvement.
Here are some products that can be shared for a self-improvement website. You can share self-improvement books, self-improvement articles, self-improvement tips, or self-improvement programs.
Build An Email List
Most likely if you are new to the online space, you won’t have an email list. Building an email list will come over time because, you’ll have to learn how to drive traffic to your website first. Without traffic, you won’t have visitors. Traffic is a totally different subject and I will talk about that in another article.
If you have any kind of social media accounts or a YouTube channel, then you are already ahead of the game, when it comes to followers. Although, you have a following on social media you still will want to have a website or a blog. Just having a social media following won’t cut it, some affiliate programs you will still need a blog.
Okay, it sounds fairly simple right? So, why doesn’t everyone do it? Well, there are some reason on why everyone does not do affiliate marketing. Here are some pro’s and con’s to affiliate marketing, to help you decide if it is right for you.
The Good and Valuable Pro’s:
- You do not have to hold a marketing degree to get started. No marketing skills needed. Almost anyone can do affiliate marketing. You’ll just need to sign up, submit your tax form.
- There is a low cost startup. Most Affiliate programs are completely free to sign up for.
- You can create multiple streams of income in different markets.
- Eventually, you’ll have the ability to bring in a Full Time Income without putting in Full Time Hours.
- Choose something you are passionate about and love what you do.
- Work on your own time, on your own terms, and from anywhere as long as you have an internet connection and computer.
- And the best part is you do not have to deal with Customer Service issues about the product, complaints, or anything like that. The company will deal with that for you.
The Bad and Ugly Con’s
- It can take time and most people want to make money now and fast
- This is not a get-rich-quick scheme so it does take hard work and the will to succeed. Plus the proper education, proper tools, and surrounding yourself around like-minded people is a must.
- It can be hard to stand out with all the competition out there if you do not learn to market properly.
- You are taking all the risk, when it comes to marketing, you can choose a product send a whole herd of traffic to the product and if no one buys, well you won’t get paid.
- You’ll have to pay for advertising in some cases or learn how to get ranked in Google by SEO.
- Not all affiliate marketing opportunities are equal. Some are direct partnership, some are MLMs, some are two-tiers, and others are affiliate networks. They all have their own rules and regulations.
- It requires hard work, lots of time, and lots and lots of learning. It is not a get rich scheme no one knows when you will get paid, because, everyone’s work ethics are completely different. And it is not a job!
What is the best affiliate marketing Training?
In my opinion the best affiliate marketing training is when you receive the proper education, a community that supports you along the way, proper tools, and the help & support when you need it.
Click here to learn about the best affiliate marketing training
What I wish I would have known before I started?
Affiliate marketing is not like the 9 to 5 grind. It is a business and you will have to treat it like a business. It is absolutely possible to make a lot of money doing affiliate marketing but, it takes a lot of time, hard work, and learning. Known of the learning can be done overnight, there are successful entrepreneurs that are still learning to this day. So, learning is an ongoing thing with marketing. In some cases you’ll have to invest, because once again, it is a business.
Here is a common question that I hear all the time.
When will I make money? No one truly knows. Affiliate marketing is a business. Tell me what business opened up shop and made a return on investment right away. No one!
What I can tell you is that You won’t make money right away. The way business works is you put in all the hard work up front, and you reap the benefits later. When you see marketers showing you their huge paychecks, there income ir real. However, most of them won’t tell you that it took them awhile and a lot of hard work to get to that status. They too, had to put in the work, learn how to properly market, and they invested.
Are you willing to sacrifice your time to build a future for yourself? If you want to learn how to build a website, get the proper education, tools and surround yourself around like-minded people while doing so. I highly recommend you to read my #1 recommendation. It is the same exact way that I got started online, after struggling to learn the proper way of marketing. It is completely free to get started.
Thank you for stopping by… If you have any questions or comments leave them below. I will be happy to hear from you. One more thing, if you found this post helpful share it with your friends family, or on social media.
Until next time…😃