One of the most profitable and easiest way to make money online is affiliate marketing if done right.
However you need to learn the game and how it’s played in order to get it to work for you and you need to invest some time or even some money if you are really serious about it and if you eally implement what you learn and are ready to make some trial and error you can make profits way beyond your imagination.
Now most of you who know me will go like…
“Hey you always argue that I have to create your own product, why are you suggesting affiliate marketing now?”
Well, It’s simple, the most successful internet marketers are both product owners and affiliate marketers and that is simply because while they’re build their mailing list and customers lists from sales they are also promoting affiliate products to their lists.
So no I am not suggesting affiliate marketing on it’s own, however if you really don’t want to build your own product it can still make you a shitload of money!
But you still gotta build a list and you can read why in this post and how to choose an autoresponder here in my review on the best two providers on the market. I also suggest that you look into 101 ways to build an email list and make money from it here.
Now let’s get down to business!
Affiliate Marketing In A Nutshell, Yes It’s That Simple!
First things first, money is being made online (or any where else for that matter) when money is switching owner and it can do so from selling a service, a product physical or digital, membership or basically whatever people are prepared to pay for. With affiliate marketing you do not have to handle refund requests, complaint or any other complicated stuff and can just focus on selling the products that you promote.
Even though affiliate marketing is not a difficult business model it still takes some learning to do if you are new in the game. One of the most obvious mistakes I see people do is that they do a little effort here and there and then they ask why they are not rich yet. Don’t fall into that pit as that is so far from the truth. Any business, online or offline needs to be treated as a business and if you work it with consistency and focus on one thing at a time it can make you very rich.
Understand what's needed to be done
You need to sign up with a company that offers an affiliate program or register on a digital marketplace such as Clickbank or JVZoo if you want to sell digital products. Most places give you a link to their page which looks identical to every other page affiliates are promoting. Also sign up with an email marketing provider such as Getresponse or Aweber so you can build an email list to promote offers to over and over. I would also suggest signing up to a web host so you can create your own UNIQUE landing page for buiding your list, more about that later.
Internet Marketing & Driving Traffic
Next you need to know a little bit about internet marketing and driving traffic. Paid traffic works best but some have really big success with free traffic as well even though it takes more work and it's more instant. Paid methods will get you traffic instantly but requires some tweaking and testing so you have to be prepared to loose some money while learning.
Convert As Many Of Your Visitors Into Customers
Here's where the email marketing part come's handy. Instead of just paying for traffic to a site where the visitors bounce of and never see it again. Instead send them to your landing page, have them opt in to your list and then become redirected to your affiliate offer. This way you can follow up with them in order to make that sale, studies show that only 1 out of 7 paying customers buy the first time they see an offer and the majority buys after 3 to 5 visits, imagine how many sales you loose if you are not building a list. With a list you also own traffic simply because every time you send an email with a link and people click that link you generate traffic, push button traffic. Besides you can sell different offers to your subscribers even after they buy the first one without having to pay for the traffic again.
If You Don’t Build A List, You’re An Idiot!
After listening to Derek Halpern continue reading.
1: Take Your Time And Learn
You are probably excited to get started but before you go and setup everything you might want to take a little time to learn how to do it the right way. There are many places online where you can learn how to do this. Most marketers would probably tell you here to go and invest some time and money into some kind of product, ecourse or whatever.
Feel free to do so but I'll try to cover it all but I'll try to cover as much as possible in this post.Now when I say take time I don't mean buy course after course, I mean learn, make a plan and take action. With no action no money it's as simple as that.
2: Don't Get Fooled By Promises Online
Don't get into all ridiculous promises online, if it sounds to good to be true it is. You probably get bombarded with emails promising you riches over night with no effort and no one of them is true. Just ignore the hype and build your business nice and consistent and you will make money in time.
3: Build A List Using An Autoresponder
Most visitors on any web site and I'll talk as much as 98% of them won't buy anything but you can get more of them to buy by using email marketing. This way you can build trust with them and get them to return to the site by sending them emails to follow up with them or even offer them a fat bonus when they buy through your link.
4: Stay Away From PPC - Until You Know How It Works
Now I do prefer paid traffic but when it comes to PPC you can loose a big chunk of money if you do not know what you are doing. I'm taking the quality ones that is also costy such as Google Adwords, Facebook Ads and Bing PPC. They all have a steep learning curve and requires some testing but when you feel ready go for it and it will probably be your main source of getting subscribers and in the long run... Money!
5: Take It Seriously And Not Down And Dirty
When something's to easy people tend to take it for granted and not getting serious about it. You don't wanna attract a lot of tire kickers that never buy and you definitely don't want to be one yourself. I cannot stress this enough but you cannot never EVER treat your business as a hobby, treat it as a business if you want to make money or get a work, period!
6: If You Are Using PPC
If you are using PPC to drive visitors and you are selling a laptop don't just write "Laptop For Sale" That is way to generic and won't attract much attention instead write something specific that is great with that offer for example "Laptop with Octa-Core CPU, 32GB Ram And A Free Game Included" Or whatever is true for your offer.
Create attention and curiousity.
7: No Need To Keep Any Inventories
You don't have to handle any products, warehouses or any of that complicated stuff but don't forget to keep a good relationship with your customers as they will be more likely to buy from you in the future as well. In other words be honest and helpful.
8: Global Market
With the power of the internet and when promoting affiliate products you are dealing with a global marketplace. You just need to promote the right products and the right niches that people actually want.
9: Keep Your Risk Low
Even though you might have a small advertising budget and some costs for autoresponder and a web host affiliate marketing should not be very costly so you have a low risk, just keep it low and make sure you have a positive ROI (Return of Investment) before you go big and scale it up.
10: No Closing Time
Your business works 24/7 for you every single day of the year abd you are targeting a worldwide market, can it get any better?
However that doesn't mean that people are likely to buy all the time, make sure to setup your campaigns and ads to show when people are buying, in time from testing and tweaking you will see a pattern what time of the day, months of the year and so on when people are more likely to buy. The same week they get their salary tends to increase in sales in general.
11: Keep Your Focus
For most people it will make sense to promote many different programs and products and YES it does BUT work at one at a time, once one get successful move on to the next one.
Don't put to many irons in the fire since the result is usually that all of them goes to waste.
12: No Push Button Magic
Don't think for a second that all you got to do is set up a web site and collect the checks. You will need to learn internet marketing techniques. Even if you only learn one or two you can get all the traffic you need, and learn to convert the traffic you get into paying customers. Some internet marketing techniques are easy to learn and others will take quite a bit of time. How much you decide to learn will be entirely up to you. Just make sure you don't spend all of your time learning and none of your time doing.
13: Forum Marketing
Make sure to sign up to multiple forums within your niche and make sure to only sign up for those which allow you to put a signature with a link inside. Then be active and socialize with people, help them when you can and you will see some free traffic coming your way. Forum marketing is one of the easiest ways to drive free traffic and you can have some fun while doing it because all you have to do is talk with people. Every time you make a post in a forum you also create a link back to your site which will attract people to click on it as well as it is good for SEO (Search Engine Optimization), just make sure you are NOT being spammy, instead be healpful, creative and post great content.
14: Write Reviews
Write honest reviews of products that you are promoting, people love reading reviews and in the bottom of each article make sure to include your affiliate link to the product you are promoting. People search for reviews when they are interested in a product but are not sure if it is good or not so don't over do it be honest and set their expectations right and if your review convince them that it is a good product they will by (after they click your link of course).
15: Create Video Reviews
Same as the above tip but instead you make a video and post it on Youtube. Youtube videos are easily to rank on Google and youcan include alink in your video description. Name the video *Product Name Review* and you will attract traffic soon.
Affiliate Marketing Offers
Here's some links to some great affiliate programs if you have a hard time finding them by your own.
- Affiliate Marketing A to Z
To help you even further I also added this downloadable pdf report I wrote for you, download it and read to get a more in depth guide to affiliate marketing.