Affiliate marketing is a broad topic and one of the best and easiest ways to make money online but it has a specific way that one has to approach and follow to make money with this business model.
The best way one can approach affiliate marketing and be successful is to have a website with a target traffic, quality content, commit to learning everything about affiliate marketing, have a marketing strategy and build a personal brand instead of just promoting affiliate links.
With affiliate marketing, you can make a lot of money, even a full-time income, and you can even make money while you sleep.
Passive income…that’s the dream for most of us, right?
Affiliate Marketing is somehow connected and proven to be an easy way to make money online.
That’s why so many people jumped into it and most of them are doing it the wrong way, thinking they will make money just by practically shouting out ( “Buy now” “Buy now “Buy now” )
Affiliate marketing is all about making money and if you are not making money with your affiliate business then you might be missing out some step that could be holding you back from success.
But don’t panic, because in this post we are going to walk you step-by-step on how to skyrocket your affiliate marketing business.
But then if you are brand new into it, this post will help you to get started and be successful and if you are already into affiliate marketing, GREAT, but stick with us because we will be sharing some helpful tips and strategies that you never came across with before.
But before we dive into this whole thing, let’s take a look at the following:
Affiliate Marketing History
To begin with, let’s say that affiliate marketing is amongst the most frequent types of online marketing.
The founder of the practice, the concept and the term affiliate marketing was conceived on the internet by William J. Tobin in the year 1989, owner of the PC Flowers & Gifts, and the person that makes affiliate marketing popular was Jeff Bezos of Amazon.
Table of Contents
What Is Affiliate Marketing And How Does It Work
Let’s answer the question “what is affiliate marketing” more in detail.
Affiliate marketing is promoting someone else’s or company’s product/service and earning a piece of commission for each sale you make.
A company that wishes to have its products and services marketed and shared with a lot of people, create affiliate programs and allow anyone to join the program (typically for free) and as you join you’ll have the ability to start promoting the company’s products and services.
But actually, most companies will do a check-up and require you to provide some information about you and your business in order to see if you’re the right fit for their program.
They may look into the type of audience you have or business type to ensure you meet their requirements.
Typically, they’ll look at each person with some type of influence in their niche, a platform they use (i.e. social media), or some other way they use to reach their potential customers.
Once you’re accepted into the program, the company usually offers you free training or helpful tips and resources such as links, banners, sale letters, etc. To make sure you have all the necessary information and tools you need to be successful with their product.
Why? Because your success is also their success! It is a win-win for both sides.
( But remember not all affiliate programs do that.)
And you can promote those products and services using banners, videos, pictures, texts, links, or e-mail campaigns whichever way you want.
As an affiliate to a certain product or program, you will be provided with a unique link(s) that is tied to your account.
If someone clicks on your link as a result of your marketing, a cookie is placed on their browser which is used to track if and when some purchased through your link.
When someone decides to purchase the product or sign up for the service you promote, after clicking your link and making their purchase, you earn a commission for that sale.
Now, why do most companies offer affiliate programs? Well, it’s because it’s an efficient and leveraged way of marketing and increasing the outcome of their products and services.
Affiliate Marketing Example
Now you know what affiliate marketing is and how it works and now you want to be a millionaire with affiliate marketing and become financially free right?
But let me be real with you here, becoming an affiliate marketer has one thing in common with becoming a millionaire: In both, you have to start with the right mindset.
Before we get into the various affiliate programs to choose from, there is something even more important that needs to be understood.
- What is your why?
- What is your passion?
- What drives and motivates you.
You and your affiliate product really need to spend a lot of time together.
There is nothing worse than working at promoting a product/service that you are not interested in or even hadn’t used before.
That’s why this question really has to be, what is the right affiliate product for you to choose?
You have to spend long hours creating valuable content around your niches in the platform you will choose to market your product, such as social networking, blogging, YouTube and other related activities. The last thing you want to do is commit yourself to working with a product that motivates you.
That been said, we can now move forward into:
Here Is The Best Way To Make Money Online With Affiliate Marketing.
Find the Right Affiliate Product
There are many ways to do this.
You can Google your: [niche] + affiliate programs and you will discover great affiliate programs to join.
You can join popular platforms like:
1. WP Engine
WP Engine is definitely one of the best and highest paying affiliate programs that pay up to $200 to $246 in commission for a single referral. If that’s not high enough for you, they also have additional bonuses for high performers.
ClickFunnels: You will earn 40% recurring commissions per month per user for life. This can add up really quickly. Plus you can also win your dream car that they’ll pay for.
ClickBank is a huge platform, it’s been in the industry for over 17 years. ClickBank is loaded with digital information products. As one of the largest online retailers, ClickBank has over 6 million unique products/services that reach 200 million customers around the globe.
Amazon is an American electronic commerce and cloud computing company with headquarters in Seattle, Washington. They offer services like online shopping for electronics, Apparel, Computers, DVDs, E-books and many more.
It’s one of the largest Internet-based retailers in the United States. It has an affiliate network, called Amazon Associates, as an affiliate you have the chance to advertise over a million products to your customers.
ShareASale has been in business for over 15 years, it has an affiliate marketing network. Their technology is trusted for speed, efficiency, and accuracy and they have a really good reputation as a fair and honest business. It is said to be one of the well-known affiliate networks in the industry.
6. Cj Affiliate by Conversant
Cj Affiliate formerly Commission Junction, CJ Affiliate by Conversant reaches millions of consumers worldwide, you can shop online through their affiliate network.
BONUS TIPS: When you think you have finally found the affiliate product that’s best for you. I recommend you buy it, use it and experience it and know exactly how it works.
Then you can go out with the assurance that what you’re selling is of good value. You’ll have more confidence and be in a far better position than 99.9% of your competitors because you know exactly you are selling and working with. This will also motivate you as well for success.
What To Consider Before Joining Affiliate Program
Commission Game Plan
In order to know what or determine the best product for you to promote, it’s very necessary to take a look at the commission structure and plan for each potential opportunity you are in.
Have you found something you like and are interested in? Then compare it to the other available possibilities to see if what you find is far better than the rest.
One Time Versus Recurring income
Now that you have selected the product you want, you have to look at whether the product you choose allows you to earn money monthly or just one time?
For example, how some membership sites will often require a monthly payment. This shows that as long the buyer remains an active member, you will continue to receive income every single month.
Low Versus High Payouts income
With some products, you will only make a penny instead of making some significant income. For instance, when you place ads like Google Adsense on your blog, you can’t make a living from that because you will make less or probably coffee money a month.
Some products out there may pay you hundreds of dollars or more for the sale you make. To find these types of products, just Google “High Paying Affiliate Products”.
The advantage of selling a high affiliate product is that your commission per sale is greater than the low payout affiliate product. But one thing about this high affiliate product is that they have a low sale rate, but all the same it is much better than the low payout.
BONUS TIPS: Work with multiple products, some being high payouts affiliate products and others being low payout so you can have something available to sell for everyone that stops by your blog or website.
Now, no matter which product or program you end up working with or want to sell, remember making money online is a game. The only way to know if you will be successful and make money with what you’re promoting is to have a mindset for success and try it.
If it works, you’re in.
If it doesn’t, try again. And take massive action…
Now that you have some knowledge of how affiliate marketing really works and how to leverage it, let’s first look at why affiliate marketing is the best best way to make money online and how to get started and make money with this business model.
Why Affiliate Marketing?
Affiliate marketing is proven to work and it is one of the best online businesses for beginners, average, and experts as well.
You can get started with little or no investment, and you can scale it to 6 figures per month or multiple it year so easily if you take massive action on it.
Also, what is nice about affiliate marketing and why most people jump into it, it’s because of these 3 reasons below:
- You Don’t Have To Create Your Own Product
- You Don’t Have To Worry About Customer Support
- You Can Run Your Affiliate Marketing Business Anywhere In The World As Long As You Have Your Laptop And An Internet Connection, You’re Good To Go. And The Best Thing About It Is, Most Of The Affiliate Networks Are Free To Join.
Now you have the basic knowledge about affiliate marketing and how the whole process works.
Many affiliate marketers fail because they don’t take the time to plan their process and what to focus on, most of them jump into any affiliate program they came across and start spamming their Facebook groups and friends and family thinking they will make money.
But it doesn’t work like that, you need to make a plan and follow a proven step-by-step so you can be successful as a marketer.
As an affiliate marketer, you can’t promote anything you find to anybody you came across with. “If you are marketing to anybody, you are marketing to nobody”.
If you are reading this post I hope you are not going to make those same mistakes as them.
So now let’s look into steps and how to get started with affiliate marketing the right way.
Before we dive into those steps I want to give you my affiliate marketing ebook for free to learn how to build a 6-figure affiliate marketing business leveraging the power of affiliate marketing and the internet. Download Here.
And if you want my #1 recommended program to make a full-time income online with affiliate marketing, Click the LINK to open your financial freedom.
This program will teach how to make money online with affiliate marketing and has a team that will make sales on your behalf, all you need to do is to just send people there.
With that being said, let’s dive in:
How To Start Affiliate Marketing And Make Money Online
Making money online with affiliate marketing doesn’t have one unique or particular way that’s required to be the best, there are many practices you need to stick with before you can make money with it.
Out of many of them, below are some of them that you need to follow if you want to make money online with affiliate marketing.
Take your time to walk through these steps if you really want some success.
1. Choose A Niche
This is a topic or industry you want to focus on. For example, make money online, how to lose weight, electronics, etc. You can always choose a niche which you are passionate about, but if you want to easily scale it to 6-figures per month or year, you need to choose one of these evergreen niches:
2. Build A Website Or Choose A Platform
Now that you have found your profitable niche, it is time to build a website around that niche or choose a specific platform so you can only focus on growing your business and present.
Your website is very important for your business growth when it comes to establishing authority and you have to make it a point to have a website no matter how.
I know you want to escape all the struggle of choosing a domain, creating a website and writing a blog post and stuff but when you put in the time and do it right you can enjoy the harvest later on.
Your website also provides you with what we call the Know, Like and Trust factor. When you have a website around the niche you are in, it gives people a little trust about you and they trust you with their money by probably buying what you offer.
If you can’t build a website then find some platform and stick to it, you can choose platforms like Youtube, Quora, Pinterest, Reddit, or other forums, etc.
My #1 recommended platform I think you should focus on is Youtube. Why, because YouTube is KING and even if you have your website you still have to create a YouTube channel if you really want to take this business far.
Most successful marketers you see online all have a Youtube channel, that makes them successful. So you also need to take advantage of that, I know you will be saying oh I can be on camera or I’m a shy type. If you’re really tired of the life you are in and want change then get on camera.
3. Find Affiliate Products
Find a good affiliate product that will add value to your customer’s lives and promote on your blog or the platform you choose to grow your business, either YouTube, Pinterest or Reddit, etc.
As an affiliate, I suggest your main focus should be on digital products, whether it’s from ShareAsale, Jvzoo, Warrior plus or Clickbank, etc. ClickBank is a grandfather of digital products and I highly recommend that because it is easy to get approved to promote their product and it is beginner-friendly.
It is a huge marketplace for only digital products and you can find any digital product for any niche you want.
# Research affiliate-networks before you start working with them.
This is so important. Not every affiliate network is legit and trustworthy and will pay out your commission.
There are quite a few scam affiliate network operations out there, so you really have to do your research to see if people are making money with it and also check if you can find some testimonials about it.
Don’t join any affiliate network you just came across because they might rob your commission.
4 Create Quality Content And Build Brand
It is said content is king, YES, but that’s halfway true, quality content is king. Creating content that helps and solves solutions that people are having challenges with, is the only way to make money from your affiliate product.
When you create content that helps people you establish yourself as a brand that people can go to for help whenever they face challenges with something. When you build a personal brand, you position yourself as a leader and a go-to person in your niche or industry.
This way you don’t need to be chasing people trying to convince them to buy your product or join your affiliate program, instead they come to you and ask you for help and what is your recommended product or offer.
When you build a personal brand YOU are the business, not your company or the product you are selling…
As a result of this, you can sell anything for them in the future, maybe when you create your own product to make more money.
5. Don’t go after competitive keywords.
In affiliate marketing keywords such as Best, How-to, and Tips and review keywords can really do well in google search.
Most beginning affiliates make this mistake by going for competition keywords that eventually break down their business because as a beginner you won’t rank on google for choosing a big keyword, it takes time and some authority before.
The best thing to do is to avoid going after competitive keywords. What you can do to start getting results as a complete beginner is to choose to review products that are new in your niche and not so popular yet and get a head start for ranking for those keywords.
As you create valuable content and build your personal brand, you want your content or brand to be seen. So now you have to learn how to drive traffic to that piece of content and your brand for people to see what you stand for and what problem your brand solves.
For example, if you’re starting with YouTube, your main focus should be on how to get your video get seen on YouTube and how to get more views and more subscribers to your channel.
Or if you’re starting up in the blogging world, then you can learn how to get more traffic to your website either by learning how to optimize your post for search engines or, maybe using Pinterest and other popular platforms, etc…
Remember, being successful with something begins with the mindset.
Pick a platform, create valuable content by building your personal brand, then you are good to grow from there.
7. Build An List
This is very important and takes this one seriously if you really want to make it, Please. Email marketing is still the number one communication channel these days, most people think email is dead. Building an email list is the blood life for your business to grow and be successful.
Building an email list allows you to build trust, get visitors to return to your content and you can make more money with your email list than anything.
One thing about building an email list is that you own your customers and can easily get messages to them. Most entrepreneurs don’t know the power of email marketing and most of them make the mistake of not building their email list when they get started.
If you are not building your email list today, you are leaving a lot of money on the table. Stop reading this article and go setup one up before.
Sign up for Getresponse HERE to build your email list. This software is what most entrepreneurs use, It has a landing page and autoresponder built-in all at once, no need to pay for another service to build a capture page.
8. Choose Only One Attractive Product
Almost every affiliate (I’m included) make this mistake by trying to promote everything and registering with different affiliate programs they see. It is a bad practice that can lead you to fail.
Trying to promote too many products all at once doesn’t allow you to focus on any of them deeply and the end result is always disappointing and frustrating.
Instead of promoting so many products, you should take your time to focus only on one product until you are successful with it before moving to a different one, understand what the market needs and place your products accordingly.
9. Be Patient
Making money with affiliate marketing requires some time, it takes longer or short depending on what you put in.
The stories around affiliate marketing and the lots of money people make in can be very tempting and this has made so many people rush in and rush out of affiliate marketing because they weren’t prepared for the process rather focus on the money aspect.
If you must be successful in affiliate marketing, the key is to be patient, take each step at a time.
Take time to increase your website traffic, content quality, website search engine ranking, invest in yourself, join webinars and join discussion forums to meet new people.
All of these will help you to develop a skill set, discipline and if you are patient enough, you’ll make your full-time income from affiliate marketing.
I believe this step was helpful and it really opened your eyes to certain things you are missing out. If you’re not willing to put in the hard work to grow your business, nothing works no matter what business models you choose to start with.
The only way for you to be successful is to take action and do it on a daily basis. Don’t wait to be an expert before taking action to grow your business, when you learn something go immediately and apply it, don’t learn and keep.
Now that you have the blueprint on your fingertips, let’s look at how you can scale your affiliate business to a higher income.
How To Really Scale Affiliate Marketing To 6-Figure A Month
Making 6-figure with affiliate marketing is absolutely possible but it depends on you and the type of product you are selling. You will never make a 6-figure selling low payout product, especially with Amazon.
If you want to make 6-figures then you have to be selling products that pay $100 and above before you can reach the stage of making that 6-figure a month.
But if you can’t sell higher affiliate products but want to focus on a low product then you need to build a team of strategic and smart people that are good at sales and marketing.
However, it’s important to keep in mind that affiliate marketing isn’t a get-rich-quick scheme, and that is why I say it depends on you and the type of product you are selling. You have to be willing to put in the time to build a system for a while.
In the beginning, you’ll have to get in front of people by creating content that’s helpful and get your product in front of your audience until the system starts making money for you.
BONUS TIPS: In general the best way is to start with a low price product in order to know your audience, what they really want and how best you can sell to them.
How Much Does Affiliate Marketer Make
Affiliate marketing income is not consistent, to know the amount each affiliate makes, you need to calculate the income on a yearly basis instead of monthly.
There is a learning curve to being successful with an affiliate, many people are struggling to make money online because they’re not willing to learn and put in the work.
If you’re doing affiliate marketing for fun, I suggest you get serious about your business and try to improve on your skillset.
The reason why most and every affiliate fail is that they think as everyone is making money with it, which means that it’s easy to make money in this business model.
This couldn’t be further from the truth. The harsh reality is that making money with affiliate marketing is not easy, and you have to spend many hours in order to make some real income.
Let’s look out how much every affiliate make:
|BEGINNING AFFILIATE||$1000 – $7,000 A YEAR|
|AVERAGE AFFILIATE||$10,000 – 400,000 A YEAR|
|SUPPER AFFILIATE||$1,500,000 A YEAR|
Affiliate marketing is a great business that can really make you rich if done well, it also one of the most profitable industries in the world today and millions and billions have been made from this business model over the past years.
How Much Has Been Generated In Sales With Affiliate Marketing Over The Years?
Affiliate marketing has grown over the years since it was first introduced in the year 1989 by William J. Tobin.
Here are some affiliate marketing income report and statistic:
|2005||£1. 35 Billion||UNITED KINGDOM|
|2006||£2.16 Billion||UNITED KINGDOM|
|2017||$12 Billion||US AND EU|
|2020||$6.8 Billion||UNITED STATE|
Top Earning Affiliate Marketers That will teach How To Be Successful With Affiliate Marketing
If you need help and tips on how to grow and skyrocket your affiliate marketing business then follow this top marketer. They share tips, tricks and how to market affiliate products.
#1 Pat Flynn
Pat Flynn started his blog in 2008 but just in a few years he turned his blog into a full-time income and earned over $2 million from affiliate marketing. On his blog, he shares tips and market strategy.
Pat Flynn has been successful with affiliate marketing and is open to what he does.
#2 Mark Ling
Mark ling has a training platform called Affilorama, on his platform he teaches and shows affiliate marketers how to be successful with affiliate marketing and how to grow as a marketer.
Mark Ling has been in the affiliate marketing industry since 1999 and makes $12 million from his affiliate marketing business.
#3 Nathan Lucas
Nathan Lucas has a brand called freedom influencer, his brand is all about affiliate marketing, passive income, making money online are topics he shares.
He is a YouTuber and on his youtube channel, he shares very helpful information, motivation, and tips about affiliate marketing. He has been in the affiliate marketing business for only 3 years and has earned over $5 million in affiliate marketing. If you really mean affiliate marketing then check his YouTube channel Freedom Influencer.
#4 John Morrow
His main focus is to help bloggers boost traffic and make money from their blogs. He also blogged about how to start affiliate marketing the right way as a blogger.
He has made a total of $5.3 million affiliate income from his blog. If you are a blogger and want to make affiliate income from your blog then you need to check him up at Smartblogger.com.
#5 Neil Patel
Now when it comes to online marketing, Neil Patel is recognized as one of the top marketers in the world now. Though Neil Petal is not exactly an affiliate marketer he quite knows much about it.
He created his first company called Crazy Egg and later sold and created another one called KISSMatrics which is like Google Analytics and he made $100 million from it.
These are some top affiliates you need to follow and learn from them and get inspired along your journey of affiliate marketing.
Affiliate marketing is SUPER easy once you really understand it, know how it works and follow those simple steps above with commitment and massive action, you can easily scale it to 6 figure income and probably make a full-time income from it.
There are a lot of affiliates that are making a killing doing affiliate marketing, find those people and follow them exactly what they are doing and do the same but don’t copy their work, just learn from them and do it your way.
This is “ What is the best way to make money online with affiliate marketing”
Let me know what you think about this post and what is missing.
I’m new to affiliate marketing but by the time you may be reading this, I’ll be an expert, I love to hear from you in the comment below and if this post is in any helpful way please do share!
Remember, all things are possible. Have faith that you can do it. ( And “Press on” )
Download our Affiliate Marketing Riches Ebook For Free And Learn How To Build 6-Figure Business leveraging the Power of the internet
Happy to hear your success story soon:
( Retired Influencer)
This website: Retired Influencer.com, is all dedicated to making money online with affiliate marketing, so please do come back to read more of our post on affiliate marketing and how to to become successful online