Affiliate Marketing is essentially selling other people’s product or services for a commission. By promoting other people’s physical products, services or information products through affiliate links you get a commission. The great thing about making money through affiliate marketing is that you don’t have to create your own product or serves, you don’t have to invest money and take risk to potentially earn money.
How does it work?
Many products and services out there have affiliate programs that provide you with affiliate links. When someone clicks on those links and buys the product or serves through them you get paid the percentage that the affiliate program, you’ve got the link from, offers.
Some affiliate programs, like amazon, will pay you a percentage even if the person that clicked on your link didn’t buy that product but they bought some other products within 24h of clicking on the link.
What you are essentially doing is sending traffic to the owner of the product. You are not selling that product, you are not distributing that product, you are not delivering, you don’t have to have the costumer support for the product or do any marketing. All of that is alre4ady in place by the company that provided you with a link so all you have to do is send traffic their way.
Affiliate links are unique to you and the companies use them so that they can track where the buyer came from and who is sending traffic their way. That way they will know who earned the commission.
How to get started with Affiliate marketing in 5 steps:
Manage your expectations!
When you start thinking about becoming an affiliate marketer, don’t go into this job with a mindset of getting rich fast. You will have to invest time and you will have to do your research. If you go into it thinking that it is easy and you’ll be able to get rich with a few pressed buttons, I’m sorry to tell you, but you will crash and burn.
Prepare yourself for a roller coaster ride, don t get stagnant, always learn new things about your business and learn from the mistakes that you make along the way. Treat it as a serious business that it is and remember that you will get out of it more than you put into it so make sure you put in as much as you can!
Don’t think too much!
When you decide to take affiliate marketing seriously and start your online business you will want to do your research as long as possible so you can create a “perfect website”, or a “perfect YouTube” Chanel or “perfect profiles” on other social media platforms that you will use as a funnel for selling other people’s products on.
But that is trap! There is no such thing as perfection and if you take too much time you might get discouraged and give up before you even started.
The best way to start your online business is to just start somewhere and most likely you will make some mistakes on your journey to success, but that’s OK. No one was born with all the knowledge. You will learn from your mistakes and get better at your business.
What makes you unique?
Try to differentiate your self from other Affiliate marketer in your niche by providing more value to your costumers, followers, readers, viewers or other users of your constant.
Answer these few questions. What makes you different? What value do you bring to your constant users life? How do you stand out? What will make them buy from you?
Really be specific about this part of setting up your business because it will be very useful to you down the line.
Create your brand.
This is the creative part of your business journey. Think about the constant you are comfortable creating and the platform you are comfortable creating it on. Are you better at writing or would you be better in front of the camera? Are you going to create a YouTube Chanel, a podcast or a website?
What will be your niche? What products do you want to sell? What is your target audience? How are you going to serve that audience? This part is the most stressful but the most exciting at the same time because the possibility is endless and you are literally creating your business from scratch and putting your name on something tangible.
Make sure that the product or services you sell on your platform are relevant to your content and your niche.
Sign Up for affiliate programs
After you figure out what products you want to promote on your platform you should sign up for affiliate programs that will provide you with links to do so. Make sure you are creating good quality content and building a relationship with your audience. Always provide value and build trust so your audience will be more likely to buy from you.
Amazon affiliate program is great and you can use this program if you are a beginner but many people build a successful business and stay with Amazon for years down the road.