In today’s blog, we will learn in detail about affiliate marketing, what it is and how it works. So if you read this blog till the end,
So you will not only have a better understanding of how affiliate marketing works, whether it is a scam or not, whether it is a pyramid scheme or not, and how much money you can expect to make. I’m going to tell you a way too,
So that really get the best free training to get started with affiliate marketing. Now let’s start what is Affiliate Marketing?
- 1 What is affiliate marketing?
- 2 How does Affiliate Marketing Works
- 3 Why do you start affiliate marketing?
- 4 Affiliate Marketing to Generate Additional Revenue
- 5 How to promote affiliate products?
- 6 Recommend your products to your customers
- 7 Types of affiliate marketing commission
- 8 make sure what you promote in affiliate marketing
- 9 Start your affiliate marketing with online workshop
What is affiliate marketing?
If you google it a bit, you’ll soon realize that it’s like making money doing nothing, and that’s not really true.
That’s what many people want you to believe.
So you sign up for a program, buy a course, or sign up with them
as a sub-affiliate so that they can actually make money from you.
Whereas, you will not make a lot of money because you expect to get money for doing nothing.
And as the economics of law teaches us, there is no such thing as money for nothing.
Now, that’s not as bad as it sounds. Affiliate marketing is definitely one of the best ways to get started.
And even if you already have an existing business, it’s a great way to generate additional revenue.
Now how do you earn money from Affiliate Marketing. It’s quite simple.
How does Affiliate Marketing Works
Imagine you just bought a new TV and you’re really impressed with the price you get at that one specific store, and you’re also impressed by the image quality and overall, the TV blows you away.
Now a week or two later, a friend of yours tells you he wants to buy a new TV and you tell him:
“Oh, you should buy this TV at this specific store because this, this, this, and this.” And your friend listens to you and goes and buys that TV.
Now, if that store paid you a commission, you would be an affiliate for that store and you would do affiliate marketing. So basically affiliate marketing is you recommending other people or other businesses products to potential buyers.
And whenever they decide to buy using your unique affiliate link, you will get a fixed commission.
Now, if you still think this is a kind of sketch or something, be aware of the following. About 16% of all eCommerce transactions within North America occurred through affiliate marketing.
This means that 16% of a hundred orders placed on Amazon are on average or usually via Amazon Affiliate links! Yes you heard it right. Even Amazon has an affiliate program.
Why do you start affiliate marketing?
In fact, most businesses nowadays have their own affiliate program
because it is a cheap and efficient way of advertising for them. They only have to pay you if you actually bring them up for sale. Unlike other forms of advertising where they have to pay,
Regardless whether the customer buys in the end or not. So why is affiliate marketing such a good thing,
Whether you’re just starting out building your own business or looking for a side hustle, another income stream, or building your own passive income and why it’s great
If you already have an existing business. If you are just starting out and want to become an entrepreneur,
the unique advantage of affiliate marketing is that you don’t have to worry about developing a product.
and don’t have to worry about customer service.
and don’t have to worry about market research to find out what people are looking for or want to buy.
You can only choose proven products or services and promote them to a new audience,
for people who may not have heard of the product before or who haven’t made up their mind yet,
And you will be paid for it. Meaning you learn the most important thing about any business
without worrying about customer service, product development, product delivery, fulfillment and everything else, which is sales and marketing first.
Now, once you have mastered affiliate marketing and therefore sales and marketing in general,
you will be able to start your own business with your own product as you will already know what your products are. How to generate revenue for(WHAT is Affiliate Marketing | HOW Does it Work?)
Affiliate Marketing to Generate Additional Revenue
Now, if you already have an existing business, you should not stop doing your existing business. But affiliate marketing is a great way to generate additional revenue.
How to promote affiliate products?
To give you a real life example, one of my biggest customers over the years is a large manufacturer of sleeping aids within Europe.
That’s why they produce stuffed toys that serve as sleep aids for babies and young children,
But he delivered them without batteries. Now they can easily, like they initially told users, well,
You need three or four of those types of batteries, or even better,
they can include information about which batteries they recommend from Amazon and use their Amazon affiliate link.
So suddenly by updating their FAQ page and putting affiliate links in their FAQ, which battery they recommend,
they generated a second income stream. Now you must be thinking that how much money can actually be earned from this.
In this real-life example, that company sold over 500,000 pieces of its sleeping aids within the first two years. Now, let’s say only one in 10 people followed the company’s recommendation and ended up ordering batteries from Amazon,
And let’s say there is a commission of $1 per set of batteries sold. (WHAT is Affiliate Marketing | HOW Does it Work?)
So they would have ended up selling 50,000 packs of batteries through an Amazon affiliate link, which would have earned them an additional $50,000 in revenue.
Without actually developing batteries or worrying about shipping batteries, but only by placing affiliate links. Of course, they already had an existing traffic stream because they had their own products that were selling very well.
Recommend your products to your customers
But you see, if you’re a current entrepreneur, maybe you’re a coach, maybe you’re a realtor. It really doesn’t matter what you do.
You can also think about what products or services your customers need that you may or may not want to offer and look for appropriate affiliate programs from companies or businesses that you would sincerely recommend.
and will recommend them to our customers. (WHAT is Affiliate Marketing | HOW Does it Work?)
And here and there, one or two of them will actually sign up.
If you, for example, are working as a web designer, you can sign up for an affiliate program on Namecheap for web hosting and recommend Namecheap web hosting to your customers.
Now, not everyone will sign up, but here and there some of your customers will listen to you
and you will make an extra commission.
Types of affiliate marketing commission
Now, what’s even better with affiliate marketing is the fact
that there are tons of affiliate programs out there that pay you monthly recurring commissions.
so you not only get paid once Rather every time you refer a new customer to a subscription based service,
you will get a part of their monthly fee as your commission,
As long as they keep using it.
And it’s a great way to build passive income. The most successful affiliate I know so far is just one of those subscription based promotions he is earning around $100,000 every month.
Now, that’s certainly the exception, and it took a while for it to refer a total of 2,400 businesses to that service.
But even now he’s basically generating $100,000 to lean back as they keep using that service.
make sure what you promote in affiliate marketing
Now they will only continue to use that service if it’s really worth it.
So make sure you do your due diligence whenever you promote something.
Start your affiliate marketing with online workshop
And you can actually recommend the product or service as promised. In the beginning of the blog, I also told you,
I will tell you how to get started, how to get access to the best affiliate training for free.
I would love to teach it in this blog, but it is not the topic of this blog.
So go ahead, check the details below. There you will find a short description and a link to the best affiliate training
that you can sign up for for free and it will teach you how to get started the right way and how you can make money almost instantly,
But not without effort. As said before the law of economic states you can’t get anything for nothing. And the same is true here,
but this Well worth it because once you put a little time and some effort into affiliate marketing,
you’ll really start generating revenue. revenue will keep growing as long as you put in some effort.
if you choose affiliate programs that pay monthly recurring commissions, the revenue can soon replace your main income.
you may be allowed to leave your 9 to 5(WHAT is Affiliate Marketing | HOW Does it Work?)
if you are currently working as an employee or provide a decent additional revenue stream to your existing business.
You to upgrade or invest in your current business or simply to enjoy life more.
Now, that’s all for today. I would appreciate it if you were able to take something from this blog, I would be very happy
Check the description below to find the link of free affiliate training that will help you get started
so that you don’t waste your time. Thanks for reading.
hope you will like my blog WHAT is Affiliate Marketing | HOW Does it Work?