Affiliate marketing is a way of making money online by promoting someone else’s products. As an affiliate, you’re essentially a commission salesperson for the products you’re promoting: You earn a commission for every paying customer you send to the merchant selling the product.
If you’re brand new to making money online, affiliate marketing is a great place to start for a variety of reasons:
It’s easy To get Started
As an affiliate, you don’t have to create the products you’re promoting. You just promote something that already exists. This is a lot easier than building and selling your own physical or digital product:
• You don’t have to spend time and money on building the product
• You don’t have to buy stock to sell, or store it anywhere
• You don’t need to figure out how to run a shopping cart
• You don’t have to handle customer support
You basically get many of the benefits of having your own product, without all the annoying parts. And the best thing is… you can even end up earning MORE than the product owner for each sale! Commissions of 70% are quite common..
Its Easy to grow
One of the best ways to make more money is to add new products to your lineup. When you’re selling your own products, it can take months to develop a new product. But as an affiliate, it’s as easy as putting up a new advertisement or writing a few paragraphs talking about the new product.
No Special Skills Required
You don’t need any particular skills or experience to get started as an affiliate. Most affiliates start out with no
Here are the things you actually DO really need to succeed:
• Basic computer skills and an internet connection.
• Determination and perseverance.
• A willingness to learn new things. • Patience: It’s not a get-rich-quick scheme!
Low Startup Costs
One of the biggest benefits of affiliate marketing is that you don’t need to invest a lot of money to get started. Imagine buying a bricks-and-mortar business: You’d probably spend tens of thousands of dollars on
So what are the steps involved in building your own money-making affiliate business? Keep readnull
Affiliate Marketing Pitfalls You Need To Avoid
We’re not meaning to be negative here, but there are a few common traps that new affiliates often fall into. If you’re aware of them, you can nip them in the bud before they sabotage your business
The Pitfall: When you’re a rookie affiliate marketer, it’s easy to get stuck on tiny details Maybe you spend two weeks researching domain names, or you get bogged down and confused by keyword research. Your momentum stalls, time ticks by, and you may end up giving up before you even get started!
The Solution: Maintaining momentum is much more important than getting things exactly right. Treat your first affiliate site as your “test” website, and don’t expect it to be 100% perfect. If you find yourself getting stuck on something or procrastinating over something difficult, try to find a way to move past it.
Shiny Objects Syndrome
The Pitfall: Almost every new affiliate can admit to suffering from this! It’s the habit of getting distracted by every new product or system that comes along. You might start a project, but you never end up completing anything because you’re dragged off in a new direction by the next “bright shiny object”. You end up with a whole bunch of unfinished projects, incomplete knowledge, no money and no income!
The Solution: If you start a training course, make sure you work it all the way to the end. This is the only way you’ll really get any benefit about it. If you’re following a system… finish it. Half-finished systems won’t make you any money! If necessary, cut down on the number of mailing lists you’re on, or the number of blogs you read. There are hundreds of ways to make money on the internet, but at this
The Pitfall: Many affiliates dream of becoming millionaires overnight. (A lot of people will tell you overnight riches are possible — because they want to sell you something!)
Building a great passive income as an affiliate is absolutely possible, and it’s much easier and faster than building a traditional business. But it still takes time and effort.
The Solution: A little perspective adjustment is all you need here. Think about it this way: Traditionally if you wanted a great income, you’d study to become a doctor (or some other highly-paid professional). You wouldn’t give up within your first month of study, complaining that you weren’t making any money yet, would you? You’d realize that getting to that high salary requires years of study.
As an affiliate, there’s definitely the possibility of earning as much as our doctor friends. (You might even earn more.) And you won’t need to study as
Stick with it, set realistic goals, and view success as a marathon, not a sprint.
Going for The “quick buck”
The Pitfall: Trying to find “loopholes” or fast ways to get results. You may see products that claim to be “the secret XYZ doesn’t want you to know about,” or that promise to get you onto the front page of Google with just a few quick automations.
The risk here is that you’ll invest time or money into something, and it won’t actually help you. It may even hurt your business.
We’ve seen affiliates hop from one dirty trick to the next, always looking for the “easy way”. It never ends up working long-term, and it’s extremely disheartening for them to have to start from scratch every time another quick trick fails.
The Solution: In this
Be wary of claims that a particular tool or strategy will result in money pouring into your accounts overnight. Take all sales pitches with a good dose of
Tips For Succeeding as an Affiliate
To succeed as an affiliate marketer, you need to equip yourself with the right mindset from the word “go.” Here’s how:
1. 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
2. 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.
We’re not saying to keep a closed mind to 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
3. Be patient
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.
Choosing Affiliate Products
Now we are ready to get started and dive into one of the most important aspects of affiliate marketing — choosing your “niche” and deciding on the affiliate products you’re going to promote
The first step in finding good products to promote is to look for products that are already selling well for other affiliates. This means that those products will probably sell well for you, too!
This is really easy to check in ClickBank using the Gravity filter. This is basically a measure of how many different affiliates are making sales of this product. We suggest setting this to a minimum of 6 to exclude all the products that are not selling well.
Next, take a look at how much you’ll earn from a product. ClickBank gives you a rangeof numbers to look at:
• Initial $ Per Sale: This is how much you earn per sale before any “back-end” purchases are included. It’ll be your cut of the purchase price that you see on the sales page for the product.
• Average % Per Sale: This is the commission percentage that you earn.
• Average $ Per Sale: This is the important figure. It can be significantly higher than the “Initial $ Per Sale” because products will often make offers to their customers who have bought the first product. They might upsell them to a “professional” version of software, or offer great deals on their other products to purchase as a bundle. Products might also sell a subscription, which earns you monthly commissions rather than a one-off commission. All these come together to give you the “Average $ Per Sale”. You might not earn this much from every customer, but this is what you can expect on average over time.
When you’re looking for products to promote, we recommend you look for products with an average $ per sale of at least $15, and a commission rate of at least 50%. We also recommend looking for at least three products that you could imagine promoting on your website. It doesn’t matter if not all your products meet all these criteria, so long as at least a couple of them do. (But of course, the more products you can find that meet these criteria, the better your chances of making good money!)
Tools For Affiliate Marketing
- Landing Page/Website builder
Landing Page/Website Builder
The goal with email marketing is to build yourself a “list” of people who you can email. You could do this by telling people to subscribe to your
newsletter, or by offering people a free book or download — all they have to do is enter their name and email. Once someone is subscribed to your list, you can email them to talk about other affiliate products they might like. So even if that person never returns to your website, you can still keep talking to them, and keep selling things to them through your email newsletter
Getting people to your website is essential to making money as an affiliate. No visitors means no sales, which means no money for you! You’ll find that a lot of your energy as an affiliate is devoted to getting more visitors to your website. Here are a few strategies you might try
This is when you rent someone else email list to promote your own products. You pay them an agreed amount per click. Register a free account on Udimi solo ads platform