Welcome back. I hope you have checked out my recent posts about the 5 Best Ways to Make Money from Home.
Affiliate marketing is a strategy where you get paid a commission for selling OTHER people’s products.
This is one of the easiest ways to get started earning online because you don’t have to create your own products or even have a website.
You can sell virtually anything as an affiliate, including but not limited to…
- Information Products (ebooks, courses, workshops, etc.)
- Physical Products
- Big Brands (Amazon, Target, Best Buy, Nike, Expedia, you name it!)
- Software Programs
- And Even Some Professional Services!
Affiliate marketing can become a very lucrative way to make money from home. You can earn hundreds to thousands of dollars per month… all the way to super affiliate status, where you’re earning tens of thousands to even hundreds of thousands of dollars per month.
Commissions range from 2% to 10% on the lower side and up to 50% to 75% on the higher side (so you would pocket anywhere from 2% – 75% of the sale on the product you didn’t even have to create).
The steps are somewhat similar to starting your own store. The big difference is that you don’t have to do any of the transactional duties or even own your own website.
You’ll get an affiliate link coded to YOU. When someone clicks on YOUR link and makes a purchase… the company simply sends you a commission notification and payment (depending on the terms of the product owner!)
Here’s are the steps…
Step 1: Choose the Market You Want to Sell To and the Products You Want to Sell! Again, you’ll want to choose a hot market where people are already buying! Once you find that, then you’ll want
to find the products they are buying most!
Step 2: Find an Affiliate Program or Affiliate Network!
Once you find the products you want to sell, you can see if the product owner has an affiliate program (there is often a link at the bottom of their page if they have an affiliate program option).
Once you sign up as an affiliate, you’ll get your own personal link to start promoting. OR you can use an affiliate network that acts as a vendor or intermediary between the product owner and affiliate.
A couple of the more popular affiliate networks are…
- Clickbank (mostly info-products)
- JVzoo (info products)
- Rakuten Marketing (Big brands and physical products)
- Share-a-Sale (mostly physical products)
- MarketHealth (for physical healthcare products)
- Plus MANY More
Step 3: Promote Your Affiliate Link!
There are various ways to get your link out in front of people online.
- Create content (articles, videos, blog posts) around the benefits of the product or niche the product is in
- Social Media Marketing (social media posts, groups, your business page, etc.)
- Paid ads (Google Adwords, or Facebook ads!)
- Create a sales funnel: Give them a free report – like this one — in exchange for their email address, and then send them emails to get them to buy your affiliate products!
- And plenty more!
PROS AND CONS OF AFFILIATE MARKETING
PROS
- Low (or even zero) Start-Up Cost
- No Experience Necessary (Learn as you go!)
- Sell to a Worldwide Market
- 24/7 Operation (Make money while you sleep!)
- Potential for Huge Income!
CONS
- Massive Competition
- You Don’t Own Your Customer Base (unless you create sales funnels)
- Not knowing which strategy to start with (Hint: Choose just one to begin with!)
- Internet Marketing Learning Curve!
- Shady Vendors and Competitors Can Hijack Your Links!
I hope that after reading this article, you’ll have a deeper understanding of affiliate marketing. Hopefully, you are now equipped with the information needed to decide if it’s the home business opportunity for you.
Check back in tomorrow for the final post in this five-part series.
To your success!
Bill
P.S. I found a way to build a home-based business by NEVER PAYING RETAIL. I show people how to save money on what they are already buying and MAKE MONEY at the same time. Opt in to receive information.
