Affiliate marketing is really something that’s taken the world by storm, and as we approach 2020, that doesn’t mean that you’ve missed the bus quite yet.
While it may seem like everyone and their mother is an affiliate, that doesn’t mean that you Can’t break into the market, so today that’s exactly what we’ll be showing you how to do.
We’ll be breaking the whole process down into 4 steps, and don’t panic, because this is a very beginner friendly article. We’ll be showing you:
- What is affiliate marketing
- How to get started in affiliate marketing
- What types of products you can promote
- Our verdict
Now, we know there is a lot at stake here, so let’s get right down to it.
What is affiliate marketing?
Affiliate marketing, at its core, is really not that hard to understand. With a little hard work and determination, you can have a profitable business up and running in no time.
When you really think about it, affiliate marketing is just making a sale and earning a commission. This is why it’s so lucrative, and to be quite honest with you, the opportunity is limitless.
When it comes to affiliate marketing, you’ll essentially need to choose a product and platform. There are plenty of options from ClickBank to Amazon, and each platform has their own caveats involved. Luckily, for the most part, the process is the same across the board.
What does the process look like?
You’ll have the opportunity to choose a product, and once you have that, you can begin to market that product. You can utilize social media, blogging, product reviews or even direct emails if you prefer that method as well. Think about it, you’re given a product, and the world is your oyster when it comes to selling that product.
The way that you sell that product is entirely up to you, but with all of the ways to sell, it’s pretty easy to get the hang of it. We’ll have more for you on the actual selling process in just a moment, but first you’ll definitely want to keep paying close attention to the basics.
How do you earn?
The affiliate link that you’re given is the way to make sales. When people click on your link, and make a purchase, you’ll be rewarded with a commission. The rate may vary, but the process is really that simple. The hard part, when it comes down to it, is the actual selling that’s involved.
Affiliate marketing is not necessarily the hardest thing you’ll ever do, but to be quite fair, it’s very easy to get started.
How to get started with affiliate marketing
Getting started, in any business, is going to be the hardest part. This is due to the fact that you’ll have no base, no platforms, and just a link to work with. While that may seem scary at first, that doesn’t mean that it has to be too difficult. Luckily, if you want to get started, this section is definitely for you.
Choosing your platform
The first thing that you’ll need to do, and this is crucial, is platform selection. As we mentioned earlier, there are a lot of affiliate marketing platforms out there, so you’ll need to choose one that works for you. Whether that be Amazon, Ebay, ClickBank, or any other platform, that part falls on you. The three that we just mentioned are definitely beginner friendly, but you’ll want to see which ones really work for you.
Choosing your product
Once you have the platform, and an idea, you can start to look into the product you want to market. With platforms like Amazon and ClickBank, there are so many options to choose from. While that may seem well and good, you need to consider what will be profitable.
Here are some things to consider:
- The product’s niche
- The cost of the product
- The commission rate for the product
- The longevity of the product
- Market perception of the product (is it popular?)
- How many other affiliates are selling it
Creating your sales funnel
Once you have your product, you can start to really build the business side of affiliate marketing. The process is a bit overwhelming at first, but once you get it down, it’s pretty simple. You’ll want to reach a prospect at least 5 times, because when it comes to sales, that’s the average number of contact points that you need.
Here are some tips to help you with the actual sales process:
- You can try using email lists, in which case you would send emails to hundreds of prospects
- Create your own website or blog, because that’s a great way for people to learn about your product
- Don’t be afraid to advertise via social media, and if you can, focus on amassing a large amount of followers
- If you can, learn as much as you can in the process
The sales funnel is the most crucial part of affiliate marketing, and there is a whole lot that we could go over, but this should definitely be enough to help you get started.
Affiliate marketing is very easy to dive right into, but the most important thing of all is patience. You won’t make a sale the first day you start, but if you follow the process, you’ll be up and running in no time.
Our Verdict on Affiliate Marketing As A Career Choice
Affiliate marketing is a very lucrative way to make money. While it may take up quite a bit of time, in the beginning at least, you’ll be pleased to hear that in 2019 affiliate marketing is still extremely lucrative. Plus, as we approach 2020, it’s only going to get better.
The main reason that we suggest giving affiliate marketing a try, is due to the fact that you don’t need to invest that much money. Starting a business tends to be expensive, but with affiliate marketing there is no overhead, which means that you can only benefit.
You need to make sure that you take the time to really stick with it, but we really encourage you to give it a shot. Not only will you make money on the side, but you’ll be making passive income.
If you’re intrigued by passive income, you should be, because it’s money that you make in your sleep. Think about, there are only so many hours in a day that you can work, but with affiliate marketing your business can operate around the clock.
Now that you know the facts, and what it takes to get started, what’s holding you back?