All right, I am going to simplify this process as much as I can for you because there is so much information as to how affiliate marketing works. It isn’t complicated at all and you are just as capable of creating an affiliate marketing business if you have fingers and a drive to succeed.
So if you have a few minutes, I am going to show you how I have built a successful affiliate marketing business.
So let’s have a look at the process of affiliate marketing, and how that works…and then I am going to be jumping directly into the process on what and how to start an affiliate marketing business looks like and how you can get started TODAY (no joke), with your own business online.
How Affiliate Marketing Works
The “simple formula” that works; you have a product, and you have a customer. Your job as an affiliate marketer is to align these two things. That’s it!
Here is a diagram outlining how affiliate marketing works:
Now I am oversimplifying this, but I am doing this for a reason. I don’t want you to be scared of the word “affiliate marketing”, because you are just as capable of creating a full-time and very successful affiliate marketing business as me. All you need is the right training, the right guidance, and the tools necessary to get you there.
The thing is, affiliate marketing at it’s core is very simple. There are a few terms that you will want to become familiar with.
Affiliate (YOU). You are the affiliate, this means that you can join companies like Costco, Walmart, Amazon, Target (and 10,000’s of others) to promote their products and services. When you join these companies Affiliate Programs, they will give you a special “affiliate link” that is exclusive to you, and allows you to track all of the sales you generate.
Affiliate Program (company like Amazon). Most companies have an affiliate program, 99% of all of the brands in the world in fact can be promoted online and you, as an affiliate, can earn a commission. Amazon is one of the biggest affiliate programs in the world and will allow you to promote 100’s of MILLIONS of products, with a single account. Pretty awesome right?
Earning Affiliate Commissions. Affiliate programs will give you a kick back if you can send people to their website, and they end up buying something. Say you send someone to Amazon through your affiliate link, and they end up buying a fridge, Amazon will pay you a % of the total sale. Amazon offers around 3-6% commissions, so a transaction like this may yield you $50-100. Depending on the company and affiliate program, they will typically pay between 2% and 75% in commissions. You can also promote digital products to market.
Unlimited Potential. As an affiliate marketer, your potential has no limit. The more people you can get buying through your affiliate links, the more money you make. Many affiliate marketers make several million dollar per year, and this can be a reality for anyone that is willing to put forth the effort to build an affiliate marketing business. But HOW do you build an affiliate marketing business?
The 4-Steps to a Starting a Successful Affiliate Marketing Business
So how can YOU create your own successful affiliate marketing start-up? There are actually only 4-steps to creating a successful affiliate marketing business, and if you can follow these and have access to the training, tools and support necessary to run your business, you are going to be off and running!
So I am not only going to be giving you the exact steps, but helping you understand how you can accomplish these steps.
Step 1: Choose an Idea.
The first thing you are going to need to do before you start the build out of any business, is come up with an idea for your buisness. This is also called the “niche” stage of your business, where you get to choose the audience and the category of your business. This could be anything, from training a puppy, to basketball sports betting, to video games, etc. There are literally millions of potential directions that you can head with your business. This is the exciting part.
I tend to recommend to people to choose a passion/interest as their niche. This way, you will truly love your business and when you love what you do, you never have to “work” a day in your life. The Internet and the affiliate marketing industry has afforded us all this very opportunity.
How to Choose Your Idea: Choose a niche or a passion. There are close to 5 BILLION people online now, so even the most obscure niches have vast audiences. If you are a member of Wealthy Affiliate, you have direct video classes walking you through the niche selection process along with direct help from the community (and myself) who can give you feedback on your niche.
Step 2: Build a Website (optional).
Your website is your foundation of your business. Think of it like a shop within the offline world. If you have no “storefront”, you don’t have the ability to attract and help customers, or the ability to sell anything. Your website is in essence your storefront, where you are able to help your audience, communicate with your audience, and promote products/services to your audience.
If you don’t have a website, you don’t stand a hope of running an online business. It is the first and key neccesity you need to creating a long term business.
How to Accomplish: You can build high performing and profit-ready websites with ease, at Wealthy Affiliate. You can even get up and running with one for completely free, within the Starter account. Another perk to using the website platform over at Wealthy Affiliate is that their hosting (where your website lives) is high speed and ranks better than other providers. This can give you a competitive advantage and can lead to a lot more opportunity as you build out your website.
Step 3: Get an Audience.
In the Internet world, your website or social media account is the place where your “traffic” will arrive. Without people coming to your website or seeing your posts, there is no way to make money. So it is important to understand how to attract traffic to your website.
Traffic can come in many forms, but one of the most sustainable and long term traffic methods is through search engine optimization. This means, getting ranked in search engines like Google, and as a result getting all sorts of FREE traffic to your website. Once you have traffic, you have opportunity.
You can also gain an attraction on social media platforms such as Instagram, Facebook or Tiktok. You can also post on Pinterest and all of these are FREE to use. Add you affiliate link to your posts and you make money when someone buys using your links.
Step 4: Make Money.
Last but no least, the “make money” part of your business. This is where you earn money through affiliate programs. Basically there are over 550 MILLION products/services that you can promote as an affiliate marketer, in exchange for a commission. You will be adding these special links on your website from companies like Amazon, Etsy, Nike, Apple, eBay, etc…and you will then earn a “kickback” if someone goes from your website to theirs and ends up buying something.
The affiliate marketing industry is growing at the fastest pace ever, and affiliates stand to earn $12 BILLION online this year…with this growing even more next year. You can get your chunk of this pie.
How to Accomplish: Finding affiliate programs can be an inefficient task at the best of times. You typically have to go through a bunch of Google searches, just to find what you are looking for. To get more information, sign up to attend a webinar specifically about affiliate and digital marketing. You can learn how to find affiliate programs and what to do once you find them.
So there you have it, how to effectively start an affiliate marketing business in a nutshell. If you are interested in creating your own affiliate marketing business and have no experience, or you are currently trying to build out or scale an affiliate marketing business and you are not getting the results you want, I CAN PERSONALLY HELP or answer any questions you may have.
Join a free webinar to learn about affiliate and digital marketing. The webinar is held every week. I highly recommend if you are even the slightest bit interested in becoming an elite affiliate marketer, you should check out this webinar. Affiliate and digital marketing is broken down for you and you will have an opportunity for live questions.
===> Click Here to Opt In for a Free Webinar to Learn More!
And if you have any questions you want to leave a comment here for me, feel free to do so. I will make sure I get back to you as soon as I can or you can email me at heyjodismith@gmail.com.