Affiliate Marketing is by far one of the easiest and best ways to make money online.
It is usually where most people start in the online space and it is a tried and tested business model that if done correctly, can provide you with the holy grail of income,
That idea of earning money 24/7 while you sleep, or perhaps on the beach somewhere.
Is it possible? Of course it is.
The internet runs 24/7 with a global audience. Meaning there are people always on the hunt to buy something. Whether they buy from you will depend on the amount of effort you are willing to put in to build a strong
Meaning there’s always someone looking to buy. Whether they buy from you will depend on the amount of effort you are willing to put in to build a strong foundation.
So yes, passive income is possible, however in order to get to that position you have to put in the work.
First to learn, and educate yourself and what is actually required. And then to take consistent action which is the most important aspect.
Having a website that produces $500 per week, compared to $5,000 per week simply comes down to the amount of effort you are prepared to put in.
However it is possible for anyone, and anywhere to be able to do.
So what is affiliate marketing exactly?
It’s based on revenue sharing.
The process by which you, the affiliate, earns a commission based on your referral of a product or service.
Everyone is familiar with this.
Big companies such as Uber give people $20 for using your referral code.
Airbnb gives you $45 off your next booking for every person you refer.
American Express gives you 100,000 frequent flyer points for each person you refer and who signs up for a new credit card.
It’s an ethical, and tried and tested business model.
The idea is that you are simply the middle man and connecting people with something that they want. And for that, you get a commission.
And for that, you get a commission.
But how do you take it from getting $20 off your next Uber, to building an actual business?
I will explain….
Why is Affiliate Marketing so awesome?
Because you don’t have to create the product or service yourself. You don’t have to buy a whole bunch of products and store them in your living room and then sell them on eBay.Which means there is no outlay of money needed.
Which means there is no outlay of money needed.
All you need to do is sign up to the affiliate program, get the link, and then share it.
Essentially just connecting people with something that will add value, and you make money.
Of course, some people get spammy and go for the quick buck.
But if you have the mindset of creating value, and connecting people with something that they are already looking for, or something that they need, then you will succeed long term and your income will snowball.
So how do you build a real business?
The best long term strategy is to create a WordPress website around a certain niche or area.
Let’s say for example you create a website around how to get frequent flyer point hacks.
You create content around how people can get more frequent flyer points.
This means you know your audience, and what they are interested in.
Then you can recommend to them certain products or services that these people want.
If they buy, then you earn your commission.
Another example is creating a website about the health niche.
So you create content how to lose weight, recipes, different exercises ect.
When people find your content, either through searching for it on Google, or through other channels such as social media, you will have an audience that you can promote products too.
In this example, if someone is looking to lose weight, and find your blog post about the 10 best ways to lose weight – you can recommend to them different products and services that will help them out.
Of course, not everyone buys, but it’s a numbers game.
As long as the products you are recommending are high quality and will actually help your audience, then
How do people find your website and content?
Let’s say you create a website around the health niche.
The more blog posts/content you create, the more seeds you are effectively planting around the internet, which means there’s more opportunity for people to come to your page.
The key is to be consistent and to think long term.
It will take some time for Google to start ranking your pages, but the bigger and better the website, the faster it will happen.
Most people quit and give up because they don’t have the patience.
But trust me, if you stick with it, and think of the long game. Your traffic, and therefore income, will snowball and exponentially grow.
You could create a video review of a certain product, and put it up on Youtube. Then you list your affiliate link in the youtube description.
Someone will then search for that product review, find your video, watch your video, and then click on the link and buy.
Voila, you get a commission.
The main parties in Affiliate Marketing.
1. The Merchant (Advertiser)
First, you need what is called the Merchant. This is also known as the product creator, the seller, the brand.
It can be a massive brand like AirBnb. Or it can be someone who has created a course on “100 dog training tricks”.
Most products, or services have an affiliate program. They want people to help them promote their product.
If a product is selling for $100, and they are paying you $30 for each referral. They are still making a profit.
Digital products usually pay the affiliate much better.
Places like Clickbank – an affiliate marketplace/network and lists different products to promote – can offer up to 75% commission.
Amazon is another huge affiliate marketing platform which is obviously physical products.
2. The Affiliate (Publisher)
The affiliate is the person who is recommending the product or service.
An example of an affiliate could be the creation of a Vacumn Cleaner review site.
You then create reviews of different types and models of Vacuum cleaners.
People would find your blog after researching what is the best vacuum cleaner, and then at the bottom of the post you put an affiliate link to Amazon for the product.
As I mentioned before, not everyone is going to buy, but the more people that find your website, the more people clicking the link, the more income you will make.
3. The Affiliate Network / Marketplace
Not all the time, but most products that have an affiliate program are listed on an Affiliate network.This means that the network handles the payment processing of the products, and also handles the payment of the commissions.
Affiliate networks are a great place to start to find products and there are literally hundreds of thousands.
They usually have digital products.
If you want to promote physical products then Amazon is your best bet.
Become a product creator yourself
People usually start their journey promoting other peoples products. But on the flip side, you can become a product creator, and then have other people promote your product.
You can surely see the power of this.
Create a product once, list it on an affiliate network, and then people will start promoting it.
You earn money basically for nothing because the affiliate is the one promoting and doing the work.
Most successful people use a combination.
They promote products and services as an affiliate and then have their own products that they have created.
There is literally an endless amount of ways you can go about Affiliate marketing.
But my advice would be to pick an area that you are passionate about or have some interest in, and then go from there.
The most profitable niches are always going to be in Health / Wealth / Relationships.
What is the best way to start?
If you want to fast track yourself then I highly suggest you take a training course that will give you a step by step guide in affiliate marketing and how you can create an income online.
Wealthy Affiliate is an excellent course that is affordable and if you follow it and be consistent in your actions, you will start to earn huge commissions that will only snowball as you keep growing your site.