How To Become Rich With Affiliate Marketing | A Step-by-Step Guide For Beginners (Updated)

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How to get rich with affiliate marketing

There is something about affiliate marketing that makes a lot of people think they can’t get rich with affiliate marketing. Well, I think that’s just a limiting belief that holds a lot of people back. That’s said, affiliate marketing can definitely make you rich when done correctly.

How Do I Become Rich With Affiliate Marketing?

Well, to put it simply- “In order to become rich with affiliate marketing you must first invest in knowledge (courses, training, and programs) that teaches the in-depth about affiliate marketing: how to build an online business with affiliate marketing the right way and how to properly market online to the right audience ”.

That said, before you enroll in any course, I would advise you to take time to do thorough research about the course before taking any further steps on it.

Read on to better understand your question. Plus, steps to take to become rich doing affiliate marketing.

With that being said, let’s dive in…

| Check Out This Complete Guide Of How To Start And Make Money With Affiliate Marketing Here |

How To Become Rich With Affiliate Marketing

With the rapid growth of the internet, becoming successful online and probably becoming rich with affiliate marketing, you must, first of all, learn about the in and inch of the affiliate marketing model. 

What do I mean by that?

Well, I mean…

You need to educate yourself about the topic of affiliate marketing (what is it about, how it works, dos and don’t, pros and cons, etc).

Why?

The thing is, investing in knowledge or educating yourself about the topic of affiliate marketing is the only way to grow your skillset.

I mean it’s the only way to increase your knowledge about the topic you’re building your business around. 

Now…

As you increase your knowledge about your niche… 

This will help you be able to deliver a more relevant and useful VALUE that the marketplace is actually looking for to consume.

Which over time will lead to more TRUST and more revenue.

So…

This is the strategy I want to leverage.

First, you want to commit to helping your audience by providing valuable content that helps solve a specific problem they’re having challenges with. 

Don’t try to sell to them first.

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Why?

Well, the thing is, money follows value.

What do I mean by that?

I mean, the more you help people with their problems…

…The more you’ll also grow your affiliate marketing business.

I mean the more money you’ll earn from your business.

Affiliate marketing is a value game. 

REMEMBER: The only way to make money online with affiliate marketing is when you help other people with their problems.

That said… 

If your business or you don’t solve people’s problems and challenges and you’re just trying to make money from them all the time.

Guess what?

Your audiences are not going to feel connected to you or TRUST you. 

And if this happens, you’re going to struggle really hard to make affiliate sales. 

So… 

I want you to focus on providing value first and the money will honestly later.

With that being said… 

Let’s take a look into what steps you need to take to become rich with affiliate marketing.

But before then, I would like us to define what affiliate marketing is.

Affiliate Marketing Is One Of The Best And Lucrative Way To Make Money Online Even As A Complete Beginner

What Is Affiliate Marketing?

Here is a great definition I found online on affiliate marketing:

Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. Source.

My definition:

Affiliate marketing is a process or a marketing method of earning a commission or money by promoting or recommending other people’s products (either an individual or companies product) through your blog, YouTube channel, Social media, etc.

How DOES It Work?

The concept of how affiliate marketing work is relatively easy:

  • You find a product you like or have used before either a physical or digital product.
  • You then sign up with their affiliate program as an affiliate marketer.
  • The product creator or the company will give a unique link, this link is what you’ll use to promote the product.
  • Then you’ll have to promote this link to reach as many people as you can. 
  • And if someone clicks on that link and purchases the product, the product owner will compensate you.

P.S: 

I have another post where I share with you in detail what affiliate marketing is and it works. You can check it out here.

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Here Is A Step-By-Step Guide Of How To Get Rich With Affiliate Marketing

Affiliate marketing is one of the profitable online businesses that can filthy make you rich and allow you to become financially independent when done right.

Here Is Step-By-Step Guide on What It Actually Takes To Become Rich With Affiliate Marketing:

1. Choose A Niche

Everything starts with a niche.

This is the most important part of affiliate marketing, the niche you decide to build your business around can make you succeed or fail.

That said…

You need to take time to identify the niche you want to go after. 

Don’t go after a niche simply because you see other marketers making a lot of money from it.

I recommend you pick something you’re at least passionate about, interested in, or want to learn about.

Why?

Well, the thing is, if you’re passionate or interested in something, you’ll definitely take massive action on it no matter the challenges.

Or…

Whether you’re making money from it or not.

Passion is the drive or the key to success.

Now…

When you finally decide on the topic (NICHE) you want to build your business around.

There are a couple of things I want you to look at for, some of these are:

  1. You want to first figure out whether there is money in this niche or not? 
  2. Is there a demand for products in this niche?
  3. Are there very good products in this niche that I can promote that my audience will love?
  4. Are there other affiliates making a decent income in this niche?

Now… 

If you’ve found the answer to those questions and you’re satisfied with what you see.

Great! 

You can then go in for that niche. 

By the way… 

If you ask for my advice, I would recommend you choose evergreen niches.

Why Evergreen Niches? Great question!

Well, with evergreen niches people are already familiar with them and the demand for products in this niche is very high and people never get tired of them

People are constantly looking for products to purchase in this niche year after year.

It is not a seasonal niche, it has a product that people have a desire for to better their lives. 

Here Are Examples Of Evergreen Niches:

  • Health & Fitness: In the world we live in, there will always be a time when people want to lose weight, want to be healthier, want to build muscles and if you have knowledge in this field you can make a decent money from this niche just by sharing helpful information with people how they can go about that.
  • Wealth: In the world we live in today, due to the financial crisis, people from all walks of life are looking for ways to make extra income for themselves and family. For some they want to learn how to invest their money and for some they want to learn how to start a business and make more money. And if you have a product, course or any piece of information that teaches about any of that, you can build a business around this niche and make a handsome income simply by sharing product or helpful information with people that you think will help them.
  • Relationship: As human beings, in one way or the other we would love to interact with each other, be it family, mariage, friendship, co-worker, etc. And people are always looking for ways to grow that relationship or repair any damage or misunderstanding in it and if you have any knowledge that can help people with that they’ll be more than happy to pay you a lot of money to help them.

These are the 3 best niches online that can make you wealthy.

If you can help someone in any of these niches, that can be very rewarding. You can easily grow your income and even your influence.

By the way… 

If your niche doesn’t fall under any of the areas I mention above.

P.S:

I have another post where I share with you some other profitable niches in affiliate marketing. You can check it out.

2. Pick A High Ticket Affiliate Product

Best affiliate programs

If you’re trying to become a millionaire or get rich doing affiliate marketing, then you probably need to promote a high ticket affiliate program. 

Promoting products that pay high commission is the only way to get there faster.

Instead of promoting low-ticket products which will take you forever to reach that level.

That said…

There are tons and tons of high-paying Affiliate Programs out there that you can choose to promote to your audience.

By the way…

There are two kinds of products that you can promote as an affiliate. Physical and digital products. 

You can choose to promote physical products which are available on Amazon. 

But one thing about physical products is that their commission level is a bit low.

But… 

Digital products pay a pretty good commission.

For digital products, one of the best places to find them is: 

By the way, you can check my Resource Page for my #1 recommended program. This program offers a high ticket product, meaning no more small commission.

They have a team that does the high ticket selling for you and also they offer one-on-one coaches that work directly with you.

Now…

Here is what I want you to do. 

After you have found the BEST product of your choice, don’t start to promote it to your audience right away.

Why?

I recommend you buy the product yourself and use it.

Why?

Well, this is simple, so that you can find out whether or not it’s of GOOD QUALITY and will add value to your audience’s lives or not.

Because you don’t want to be promoting fake products to your audience… 

Promoting products that add little to no value to your audience’s lives can really do a lot of harm to YOU.

I mean…

It can destroy the TRUST you spend years building with your audience and that can hurt you and your business in the long haul.

So…

It’s extremely important you recommend products or services you care about and have experience with.

Foundationally, promote products that will TRANSFORM your audience live, If you can do that you’ll win.

I mean you’ll really succeed in affiliate marketing.

I WANT YOU TO TAKE NOTE OF THIS: 

  • Make sure you sign up for affiliate programs that are profitable and will generate a sufficient income for your effort.
  • Take time to do thorough research about the product you choose to promote to be sure if they do really payout commission to their affiliate or not.
  • Check to see if other affiliates in your industry who are promoting the same program you’re about to promote are making money with it or not.

Building Your Own Business Is The Best Way To Become Rich. Then You Can Begin Investing In Other Asset. Click To Tweet

 

3. Choose A Platform To Promote Your Product 

traffic in affiliate marketing

Now as you’ve decided on your niche and you’ve selected your affiliate product. 

The next thing is, you need to drive eyeballs (views) to that product before you can generate sales.

But not just any kind of view, it has to be targeted traffic… 

What do I mean by targeted traffic?

Well, I mean people who may be interested in what you’re promoting and will likely buy it from you. 

Not some sort of freebie seekers.

So…

That means…

You need to know who your ideal customers are and where they mostly hang out online.

So… 

You can target them specifically, not just anybody.

That said…

Here is some of the platform online that you can find Your Audience:

  • Blog
  • YouTube
  • Pinterest
  • Social media (Facebook, Instagram, Twitter, etc)
  • Forums (Quora, Reddit, etc)

Above are all amazing platforms to find, connect with your audience and promote your affiliate product to them. 

But if you ask for my advice I recommend you focus only on ‘Blog & YouTube’.

Why?

Well, these two platforms have the potential of driving qualified, targeted, and relevant traffic to your affiliate offer which overtime can turn into a lot of sales for you.

All the top affiliates in the world I know who are making significant income online with affiliate marketing all leverage the power of these two platforms.

And the strategy they utilize on these platforms to drive the right kind of traffic who are more likely to buy their offer is  ‘content Marketing’.

What then is content marketing? 

Well, this is what we’ll be looking at in the next paragraph.

By the way, if you’re ready to get started with your own personal blog which I highly recommend you do.

P.S:

I have another post where I share with you step-by-step how to start a successful blog.

In the post, I also share with you how to research and write content for your blog and also some mistakes to avoid when blogging, and many more.

4. Create Content People Love to Consume

create content to become a successful with affiliate marketing and make a lot of money

Now, as you’ve chosen a platform on where you’re going to be promoting your affiliate product. 

The next thing you need is traffic.

You need traffic in order to make sales with your product on that platform.

And one of the best ways to get quality traffic to your offer which will eventually result in affiliate sales is through content marketing.

Like I stated earlier!

Online Content is said to be king, but that’s halfway true, relevant, valuable, and high-quality content is indeed king. 

Now…

As you’re on that platform you don’t want to start spamming your affiliate links with people.

That’s not professional!

But rather…

You want to start producing more valuable content that your target audience will love to read.

I mean problem-solving content. 

Content that will help solve or answer a particular question, problem, pain, or challenges your audiences are facing.

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By Definition: 

Content is any piece of information that addresses or solves your target audience’s top challenges, problems, and pain. 

Content provides solutions or answers that an audience sees value in.

That said…

I want you to keep this in mind:

Your content has to be relevant to the niche you’re in and the kind of product you promote. 

For example, let’s say you’re in the ‘Health & Fitness’ niche, you can’t be creating content around how-to-make-money-online.

That’s not congruent.

The content you should be creating has to fall under the niche or topic you’re in.

And also… 

Your content must be interesting and engaging enough to keep your audience coming back for MORE.

If you can do that, I bet you, overtime you’ll start generating tons and tons of affiliate sales.

In the world of Zig Ziglar… 

You’ll Get What You Want If You Help Enough People Get What They Want. Click To Tweet

DON’T FORGET THIS:

When you’re done with your content, before you press publish don’t forget to place your affiliate link within the content.

Why?

 Well, we are here to make money. LOL!

5. Capture Your Visitors Email Addresses And Build An Email List

This is where the money-making machine starts. If you don’t take anything from this post remember this…

The only way you’re going to really make money with your affiliate business is through email marketing.

Why?

Well, the thing is, not everyone who sees your product for the first time is going to decide to buy that product at that moment. 

people don’t do that, especially online. 

I don’t know how true this is but it’s often said that people get to see an offer seven (7) times before deciding to buy it.

So…

That means, if you’re just sending people to a direct affiliate link without first capturing their email list to remarket the same product to them over and over again until they’re ready to buy.

Guess what?

You’re leaving YOURSELF out of the equation, I mean you’re leaving huge money on the table.

So… 

If you want to really make money online off affiliate marketing 

And become rich (that’s your dream right?) then you need to get serious about building your email list after you finish reading this post.

P.S: 

I have another post where I share with you the importance of email marketing for affiliate marketers. You can check it out here.

Now…

To build your email list you’re going to need to sign up for an email service provider (I recommend (GetResponse).

Convert website traffic with signup forms (en)

Here Is How To Build An Email List Fast For Affiliate Marketing:

1. First you need to sign up for an email service provider.

2. You must have a lead generation campaign ( eg Free PDF download, Free training course, etc).

Why?

  • A way to build interesting prospects. But it must be real value that’ll solve some of their problems.

3. Promote and share your lead generation campaign.

  • Promote it on targeted Facebook groups in your niche.
  • Promote it in any of your content, eg, blog posts, YouTube, etc.

4. Build your audience and engage with them on a daily basis.

  • Now as you have people on your liste, you want to make sure you reply to any of their questions, emails and provide an answer to whatever they may ask.

5. Follow-up with your list through autoresponder on a daily basis to build the Know, Like, and Trust factor with them. 

  • Continue to help your audience by adding useful value to their lives while they’re on your list, this will help you build strong trust and relationship with them and allow you to easily sell to them without hassle.
  • You want to be marketing your product to them.

That said…

Building an email list can change the course of your affiliatE business. 

If you’re going to focus on something in your business apart from creating content I recommend you focus on building your email list…

…Which will grow over time AND can change your life and business in terms of financial growth.

There are tons of email software available on the internet that you can use to create a Landing Page/Squeeze and capture your visitors’ email addresses. 

And market your product to them.

One of the best email marketing software I’ll highly recommend for you is GetResponse.

Why?

Well, GetResponse offers all the marketing tools you need to run a successful email marketing campaign.

I use GetResponse myself and still use it because of its helpfulness.

You can get started with Getresponse HERE for free (30-days free trial)

( I’m an affiliate to Getresponse, meaning I’ll receive a small commission if you decide to go through my link which is no additional cost to you, this helps me to focus on delivering more helpful content for you and others) Thanks For The Support!

Here is the Link again to Getresponse.

Get leads. Get sales. Get growing.

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Wrapping Up On How To Get Rich With Affiliate Marketing!

So there you go, some actionable steps to get started in affiliate marketing. 

Trying to learn everything before starting will only serve to make everything harder for you as the competition is getting harder each and everyday.

That said…

Becoming rich with affiliate marketing is undeniable. 

However…

The best steps you can take to become rich with affiliate marketing would be to learn then take massive action on what you learn. 

When you can do that first thing, learn and take action on what you learn…

Affiliate marketing can put you in a position of making a passive income which can literally change your life financially.

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FAQs!

Is Affiliate Marketing Easy?  

Affiliate marketing is one of the best ways to make money online but it’s NOT an easy business model. However, It can be easy only if you have done the necessary work it takes to be successful with this business model.

You can learn more here on: Is Affiliate Marketing Easy

Can You Become A Millionaire From Affiliate Marketing? 

There are a lot of affiliates who have become millionaires doing affiliate marketing but to achieve that is not easy, it takes time and a lot of effort to make that happen. 

You have to put in the time, effort, consistency, and be patient because affiliate marketing is not a get-rich-quick scheme.

Also, you are going to need a lot of traffic and also you need to promote a product that pays you a high commission.

You can learn more here on: Can You Become A Millionaire Doing Affiliate Marketing

How Much Can You Make As An Affiliate Marketer? 

Affiliate marketing is simply promoting other people’s products and services and there is no specific amount of income you can earn.

However, you can earn anything from $0 – $100,000 per month in affiliate marketing or more. You can earn millions depending on your effort, knowledge, level of skill set, quality of your content, and how much time you spend promoting the product you are selling.

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