What is Affiliate Marketing?
You probably arrived at this post because you’re wondering what affiliate marketing 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 began 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 on the companies website. The company will give you access to a unique tracking affiliate link. You’ll take that link and promote it. 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. Anyhow, you also do not have the deal with the payment, the shipping, or the customer. Thcompanyny does all of that for you. I guess you can say you’re like the middle man.
Affiliate Marketers Sign Up For Affiliate Programs
The company that has the product or service 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.
Watch the video below to get a better understanding.
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’d 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 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 seems. 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. Then 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 works.
To be a successful affiliate marketer you’ll need the proper education, proper tools, and you’ll have to surround yourself with 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 market correctly. Honestly, it will take time and much practice. I do mean much 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 online presence such as social media or YouTube. I’ll explain this in more detail going forward.
A Blog Or Website
If you are entirely new to affiliate marketing, it’s best to start 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 site 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 the idea that you are passionate about, it can be any idea. Then you’ll build out the site. Next, you’ll find products that are congruent to your idea. Share those products on your blog with your visitors, and 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. 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.
However, an email list is important because you’ll be able to get to know your audience and they will be able to get to know you as well. Studies have shown that it takes at least 7 times before, someone considers to do business with you and this is why you need an email list. Besides, the money is in the list.
To start an email list you’ll need a reliable autoresponder. I have used Getresponse, Convertkit, Aweber, and Send Shark. And what I have learned that it needs to be a compatible autoresponder for anything you do in business.
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 reasons 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.
Good and Valuable
- 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.
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.
- Not all affiliate marketing opportunities are equal. Some are a direct partnership, some are MLMs, some are two-tiers, and others are affiliate networks. They all have their own rules and regulations.
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.
What Do 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’s possible to make money more than a regular full-time income doing affiliate marketing but, it takes a lot of time, hard work, and learning. None of the learning can be done overnight, some successful entrepreneurs are still learning to this day. So, knowledge is an ongoing thing with marketing. In some cases, you’ll have to invest eventually 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 then you reap the benefits later. When you see marketers showing you their large paychecks, their income is real. However, most of them won’t tell you that it took them a while 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…
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 way that I got started online, after struggling to learn the proper way of marketing. It is entirely 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, please share this post.
Until next time…😃