Affiliate Marketing done the right way is LEGIT.
Almost 80% of brands and publishers (including the biggest ones) leverage the power of affiliate marketing or performance marketing to drive sales and leads online. A couple more stats reveals that it's going to reach around $7 billion by 2020 in terms of affiliate marketing spend.
- Do you want to know and learn how to get started with affiliate marketing?
- Do you want to be able to create passive income streams and make money online without creating your own products or services?
- Is affiliate marketing dead?
- Is it still profitable?
- How difficult is it to do?
- How can I get started in affiliate marketing? Do I need a website?
- Is affiliate marketing a scam?
If you've answered YES to any of these questions this article is your beginner's guide so let's dive right in!
The biggest problem in Affiliate Marketing
A lot of people probably didn't know that the biggest Youtubers like PewDiePie (which has 84M+ subscribers) has some form of affiliate marketing monetization on their Youtube channels.
Whether it's through the Amazon Affiliate program or through reviewing other people's products that they share on their websites and Youtube channels, that's affiliate marketing.
This form of "making money online" really is one of the "semi-passive ways to generate revenue online".
When I got started with Affiliate marketing, I would do something similar where I reviewed products that I was using in my own online business.
I'd share my experience, my frustrations and my success stories using these tools.
This method helped me reach my first 6-figures online. Not too bad for promoting other people's products. It's a WIN-WIN-WIN method because the customer, me and the vendor all get value from the review that I did.
So you maybe wondering, what's the biggest problem in Affiliate Marketing.
I'd say it's a MINDSET problem. If you have the wrong mindset thinking that it's a "GET RICK QUICK" Scheme, then you won't be successful (especially in the long term).
Affiliate Marketing is really all about providing value. Without value, no amount of traffic will help convert your poor content into sales.
Fortunately, solving this problem is easy. And I'm about to show you how it's done.
First, you need to have a MINDSET of giving value, of being of service to others. If you are doing Affiliate Marketing because you know that someone will really get something valuable out of it (even if they don't buy from you), then you're in the right path.
The next step to solve this problem is below...
Trust, Authority and Influence is the Key
What separates successful affiliate marketers from those that fail and struggle are these 3 key things: Trust, Authority and Influence.
Work on these 3 things and you'll see a significant boost in your affiliate income.
Do people trust you? Do they listen to your recommendations? Why should they even trust you in the first place?
While there are many methods to earn people's trust, it's kinda difficult online because you really don't know or see the person.
Fortunately, there are ways to do this, and Russell Brunson who made the book "Expert Secrets" (FREE book by the way, just pay for shipping and handling), eloquently explains the entire strategy here.
Basically, you need to be publishing, be present, omnipresent, be vulnerable, be relatable, and have a future-based cause that you are looking forward to.
Read the Expert Secrets book and I hope that it will change your online business and your life as much as it changed mine.
Do you have authority or credibility to deliver your content and message? If you do, then your content is far more valuable than those who doesn't have authority.
Finally, influence, or what I call your loyal audience. Do you have a following? Do you currently have an audience online? If you do, then it's much easier to reach an audience that would consume your content.
If you don't have an audience yet, it's not a problem. You just have to start working on it as you go. The approach that I recommend is to build your audience along the way and start doing affiliate marketing so that you can start monetizing as well.
What is Affiliate Marketing?
Affiliate Marketing or sometimes known "performance marketing" is a way to earn income online by simply promoting other people's products. The process is simple.
You apply for an affiliate program or join an affiliate marketplace like Clickbank.
There's usually an application form and an approval process, but with marketplaces like Clickbank, you can usually apply immediately and get approved.
Once approved, you'll get access to your affiliate dashboard.
The dashboard allows you to get insights to your clicks, traffic, earnings, etc.
It also allows you to setup payment methods and usually it will also contain affiliate marketing materials like swipe files that you can use.
You'll also find your affiliate link here (which usually ends with some funny characters in the URL). This is the link that you share in your content.
When people visits your content, clicks on your affiliate link, and decides to buy the product that you are promoting, you'll earn an affiliate commission usually between 20% - 75%.
That's basically the entire process of affiliate marketing.
The different types of Affiliate Marketers
THRIVECART REVIEW – Huge Savings With This LIFETIME OFFERAfter many years of doing affiliate marketing, I'd say there are different types of affiliate marketers.
The 'Youtuber' Affiliate Marketer
These people are easy to identify, they are on Youtube and you'll usually see affiliate links to Amazon's affiliate program. Sometimes they use link like amzn.to to redirect to their Amazon affiliate links.
The 'Blogger' Affiliate Marketer
These are people who owns blogs and write articles about the products they promote or create content that 'teaches' their readers. This is how I would categorize myself as an affiliate marketer right now.
The 'Paid' Affiliate Marketer
These are people who run Paid advertising campaigns like Google Ads, Bing Ads and Facebook Advertising to link directly to "affiliate links". If you have the knowledge, skills, time and money, this is a great way to start generating affiliate commissions as traffic can get started as soon as your ads are approved. I'm a mix of this type and the "blogger" type of affiliate marketer.
The "Blackhat" Affiliate Marketers
I would say that there are still people doing this as with any industry there will be "blackhats" or those who deal with the shady stuff. Avoid these methods and tactics as they are not going to be viable in the long run, you'll get your accounts banned, and worst your earnings revoked.
Proven Affiliate Marketing Strategies
There are many proven strategies in affiliate marketing. It's really up to you whether you want to pay with time or pay with money.
I want to be able to do both. If I have the budget or if it's something that I wanted to promote right away, I'll use Google Ads to drive traffic to my affiliate websites.
But 70-90% of the time, my strategy is long term. I want to be able to rank to the top of the search results and generic free traffic to long tail keywords and high converting keywords.
I'd like to share with you some of these articles.
You can sweeten the deal so that more people would sign up for your affiliate links by simply providing them with bonuses or added value.
The Best Affiliate programs to promote in 2019
As a general criteria, you should look at several factors when choosing to decide what affiliate products you should promote.
Here's my recommendation and guide for those who are not sure how to get started.
1. It should be something that solves a "REAL PROBLEM".
If it's an impulse buy and it doesn't provide any value or it doesn't solve any REAL problem, don't promote it. An example is the "fidget spinners" which were famous a few years ago, but now they are gone. These "spinners" didn't really solve a problem and is really just a big fad.
2. It should have some sort of recurring revenue.
If you can find products like software that pays recurring revenue (like subscription services), then it's a great product to promote.
An example product that has recurring revenue potential is Clickfunnels. They also have an amazing program on how to earn as an affiliate in the next 30 days. Definitely worth checking it out.
3. You should be using and loving the products that you will promote as an affiliate.
I personally don't promote something that I've never used. If it's something that I've never tried or tested, how can I promote it. Avoid the temptation of "making" something up just to earn a quick buck in affiliate marketing. It will come back and bite you in the end. It's not worth it and it's not a good way to build your reputation online.
Top Clickbank Products To Promote
Clickbank is where I first got started. The problem with Clickbank is there are only a few gems or products worth promoting here.
What I would recommend is that you don't promote something that has less than 15-20 in Gravity. Gravity is the measure of a products "sales volume" on Clickbank. If it's 20 gravity, that means that about 20 affiliates are earning for that particular product in a week or something.
Buy the product that you'd like to promote on Clickbank. Once you've bought the product,create a list of questions and answers that can help others decide if they want to buy the product or not.
I teach more strategies on how to do this on my Affiliate Marketing Masterclass Report.
How To Promote Amazon Products
Promoting Amazon products is a lot easier than you think. You just need to be able to sign up for an Amazon Affiliate account. Just google it and sign up. Though you'll need a REAL and LIVE website before you can get approved as an affiliate.
Once you become an affiliate, all you need to do is to get your affiliate links for the products that you'll want to promote. I usually choose products that are at least $100 and up to promote. Because Amazon Affiliate payout is only about 4-10%, it's really important to promote the higher priced items to make your time worthwhile.
The easiest way to promote other people's products
Are you excited to get started? You maybe wondering what's the easiest way to get started, start promoting other people's products and start earning income?
My answer to that and what I've done is to product "review" articles. It's basically a comprehensive and highly useful content that's designed to help the reader make a "purchase decision".
Check out my review article here on Thrive Themes. In this article, I've showcased the different benefits of using this tool. I've provided a lot of answers to a lot of questions that people might have.
And finally, I've incentivized their purchase via my affiliate links by providing bonuses.
Check out my review article here on Thrive Themes.
How to Do Affiliate Marketing on Google?
I love Google. Not only do I drive FREE traffic using SEO, I also use Google Ads to drive paid traffic to my affiliate content on demand!
I just start a new Google Ads campaign, launch it within a few minutes, and once approved I could start generating highly targeted traffic to my sites!
Turning your hobby into a multi-6 figures empire
This is what I've done. I've shared a lot of things that I like about my passion (in the health niche) and this has led me to build a 6-figure online business.
It's not easy, it's a lot of HARD work, but it's definitely rewarding.