Affiliate Marketing

2. Affiliate Marketing

No time to cook up your own products to sell? Why not use affiliate marketing to make money from home each month? With this business model, you can establish an online business by featuring other people’s products on your website and selling them.

When going this route, you should stay focused on your niche and team up with a reputable affiliate network. You should also work on becoming a pro at copywriting, and educate yourself in using effective techniques for lead generation, conversion, and sales. It’s what affiliate marketers do, and it’s what YOU can do, too!

Getting some copywriting experience is one of the keys to making this work.

You can feature either physical or digital products, and then set up your affiliate links. Next, produce quality content that will entice your readers to perform an action. In this case, you want them to click on your affiliate link and make a purchase.

Each time an audience member clicks on a link and subsequently makes a purchase, you’ll receive a percentage of the sale. It’s really that simple!

To learn more about how to get started with affiliate marketing, click here and watch.

Impressive Stats for Affiliate Marketing

• 15% of the total digital media advertising revenue is attributed to affiliate marketing. (99Firms.com)
• Affiliate programs generate 15%–30% of all sales for advertisers.
• More than 80% brands use affiliate marketing. (Rakuten Marketing)

According to the balance small business, here are the top 10 Affiliate Marketing Niches

• Fitness and Weight Loss
• Health
• Dating and Relationships
• Pets
• Self Improvement
• Wealth Building Through Investing
• Make Money on the Internet
• Beauty Treatments
• Gadgets and Technology
• Personal Finance

This is a great business opportunity; however, you have to resist the temptation to recommend less than desirable products to make a quick buck.

Sure, you can write excellent copy for the product, and yes, they might take your word for it and buy it. But, it’s an unethical way to conduct an affiliate marketing business.

Plus, your chances of getting a follow-up sale on your next advertised product are going to be slim in such cases. This is a good way to lose for good in your online business.

How to Win in Affiliate Marketing

To win in affiliate marketing, offer value and be authentic. The goal is to develop a solid relationship with your audience. This is especially true with your email list.

And you can only earn that with honesty and integrity in mind.

In affiliate marketing, your commission is going to depend on what you’re selling. Some people in the affiliate marketing business make as much as 75% commission from a digital product.

Physical products, on the other hand, typically earn between 2% - 10%. But when you sell hundreds of those physical products, that’s still a pretty good online business opportunity.

Also, if you do affiliate marketing for the best web hosting company, the best keyword research tool, the best membership programs, or other digital products that come with a subscription, you can also earn a monthly recurring commission for each referral when you offer to send people to those resources as well.

This gives those companies more advertising, and gives you commissions based on sales!

Mention these affiliate products in the description section of your YouTube videos, email list, Podcast show notes, or a super simple affiliate marketing funnel. Affiliate marketing can be applied to most business models, so you can solely do affiliate marketing, or, you can do it in combination with your current business.

If you like the idea of becoming a successful affiliate marketer, read this post next: https://www.milesbeckler.com/make-money-with-affiliate-marketing/

I break down the exact steps in even greater detail about how to become a successful affiliate marketer in that one!