Do you dream of having the freedom and flexibility to work from home? For many these days, the ultimate goal is to be able to make their own schedule, work from the couch, or fit their workload around the school pick up. Some even have a dream of being able to work from anywhere in the world: a beach resort one week, and an ancient city the next.
All of this is possible with affiliate marketing. This fully remote, passive income-generating work puts you in control of not only your own schedule but also your own success. As an affiliate marketer, you have the power to make the decisions that will make or break your business.
But how do you get started with affiliate marketing? And how do you make sure your venture is successful? Read on for our ultimate guide to affiliate marketing.
Affiliate marketing can be a highly profitable strategy for both sellers and affiliates. However, in order to get the most out of affiliate marketing, it is important to thoroughly understand how this process works and the best strategies to use.
In this guide, we will cover everything you need to know about affiliate marketing, including:
- What affiliate marketing is
- Who are the key players in affiliate marketing
- How much you can earn as an affiliate marketer and how you get paid
- The benefits of affiliate marketing for affiliates
- How to get started in affiliate marketing
- Key affiliate marketing tactics
- Tips for being successful in affiliate marketing
- How to use affiliate marketing as a seller to make more sales
Affiliate marketing basics
You’ve probably heard of affiliate marketing, either through the success stories of affiliate marketers who earn six-figure passive incomes and only work a few hours a week, or when bloggers or influencers you follow tell you about a product partnership they have. However, very few people have a good understanding of affiliate marketing, so let’s start with the basics.
What is affiliate marketing?
In the simplest terms, affiliate marketing is a form of revenue sharing. The affiliate marketer promotes a seller’s product. If someone then buys that product based on the recommendation, the affiliate marketer receives a percentage of the sale, similar to a commission. Therefore, they share in the revenue. However, if no sale is made, there is no revenue. Then, the affiliate marketer does not get a cut.
Usually, this involves an individual (the affiliate marketer) partnering with a business, most often an ecommerce store (like amazon) or digital products company/brand. The affiliate marketer typically needs to have a following to promote these products to, such as a social media followers, a blog with traffic, or an email list. The affiliate marketer may promote a product or simply mention it to their audience, providing a link to the site where individuals can buy. If a follower clicks on the link and actually buys the product, the affiliate marketer will get a cut.
Affiliate marketing has become a very popular way to make money online. It is also one of the best ways to build up your passive income, which we will look at next.
What are the benefits of affiliate marketing?
A lot of people are drawn to affiliate marketing for one major reason: passive income. Affiliate marketing is arguably the best way to generate passive income in 2020. After an initial investment of time, energy and sometimes funds, you can sit back and relax and watch the funds roll in. This allows you to earn money on the side when you’re working on other projects, or perhaps not even working at all. Furthermore, this income can continue to roll in for months or even years after you have put the work in.
Affiliate marketing is also very attractive to many people because it is something you can do anywhere, anytime. If offers complete freedom in terms of your schedule and your location. You can work from home or work while travelling. You can also balance affiliate marketing with other work, family or personal commitments, as it can be done on your own time.
Another major benefit of affiliate marketing is that it requires very little set up, investment, or on-going logistics. Because you are not selling any products yourself, you do not have to deal with the hassles of product development, negotiating with suppliers, shipping or returns. Equally, you do not have to deal with customers at all, saving a lot of resources and headaches over customer support. This sets it apart from many other types of enterprises and start-ups, allowing you the same level of freedom and control without many of the hassles.
Finally, unlike many other businesses and ventures, affiliate marketing requires very little initial investment or ongoing cash flow. As an affiliate, you do not need to buy products or pay for shipping, staff, storage and so on. This means you can get started with virtually no startup capital and do not need a steady flow of cash to keep your venture running. You can, therefore, ride out the low months without any worries and reap the benefits of the months when you make more money.
These factors combined make affiliate marketing an ideal choice for many people.
What is passive income?
People usually think of passive income as earnings that you receive without having to put any effort in. It’s true that once passive income systems are established, they may generate cash flow with little to no ongoing effort. It should, however, be remembered that these systems do require work to set up in the first place. Before you earn a passive income, you’ll likely have to invest your time and other resources.
For example, it requires time and energy to set up affiliate marketing links and content, as well as even more time and effort to build an audience or a following. Once these have been established, however, every time someone clicks on the link and buys a product, the affiliate marketer receives income, with no additional effort.
How do affiliate marketers get paid?
If you’re thinking about becoming an affiliate, this set up probably sounds pretty good: you promote a product to your audience and you get a pay-out. But how do you get paid exactly? There are a few different ways that affiliate marketers can receive payment from their partners, and it is important to understand the difference.
So far in this guide, we have discussed the most common affiliate marketing model: pay per sale. Under this arrangement, every time an affiliate promotes the seller’s product to the consumer and the consumer actually buys the product, the affiliate earns a commission. If the consumer looks at the product and thinks about it but doesn’t actually buy it, the affiliate earns nothing. This means that the seller is never out of pocket because they only pay the affiliate a percentage of actual, guaranteed sales.
There are also alternative models, where the consumer doesn’t necessarily have to buy the product in order for the affiliate to receive a commission. One of these models is a pay per lead arrangement. This means that the seller pays the affiliate every time they generate a lead for the seller. This can be a more complex set up, but a lead is generally defined as the consumer completing some pre-determined action that the seller wants them to do. This could be getting a quote, signing up for a mailing list or a trial, or filling out a contact form. This is more of an incertain investment on the seller’s behalf, but most often the investment pays off.
Under another set-up, pay per click, the seller rewards the affiliate for simply getting consumers to visit their website or product page. In this situation, the affiliate receives a payment every time a consumer clicks on the seller’s link. Like the pay per lead model, the seller is paying for the potential sales they may get, in this case, from the increase in web traffic.
WORK FROM HOME……
Start today …..more info HERE
Since launching in 2010, we’ve shown thousands of people from almost every walk of life how to lay the right foundation to achieve success in today’s digital world. Our passion is helping individuals just like you to reach their life and income goals and the students we’ve witness succeed include people:
- Who are looking to start or grow a business they love
- Who want to earn income from home
- Who want a location independent income
- Who want to make a bigger impact by sharing their message
- Who want to find more meaning in the work that they do
- Who want to bring new value to their existing business or career
- Who want uncapped income potential
- Who want to be financially self-sufficient
- Who want to grow multiple income streams
MORE INFO……CLICK HERE
Discover How To Start a Business and Create a Life You Love…
Learn the exact steps to create a life and business that you LOVE!
Follow the simple step by step process to find in-demand products to sell online
Discover two simple business models you can start with immediately
Use a proven business system so you can generate income with just a laptop from anywhere in the world