Affiliate Marketing Beginners Guide

 What is Affiliate Marketing?

Affiliate marketing is an performance based advertising model in which publishers are rewarded for leads, sales or referrals. It's a process where publishers (you) earn a commission by promoting a vendor's product(s) or service(s). The process is simple. First, the merchant (retailer) hooks up with an affiliate network to increase sales. Then, publishers (you) find affiliate programs to promote the merchant's product. The associate (you) promote the merchant's goods or services on your platform. Finally, the publisher (you) complete a sale to a customer and earn a commission or flat rate.

Another way to define affiliate networks is the middlemen that develop connections between companies, entrepreneurs, and bloggers. Different affiliation program opportunities are offered on the products and services. The associate earns a fee or flat rate for selling the product or service.

How Much Can You Earn?

How much can you get paid from affiliate marketing? There are no limits to how much you can earn from affiliate marketing. For instance: Pat Flynn from the smart passive income earned a substantial commission, approximately $2 million through affiliate marketing in 2017.

Affiliate Marketer ℮Monthly Income  Occupation
Pat Flynn $53,000 Blogger
John Chow $83,320 Blogger
Neil Patel $381,772Blogger
Darren Rowse $40,000 Blogger

Through the help of a single portal, there are countless advertisers that give access to different affiliate networks for many affiliate programs. Consequently, publishers can earn money while they sleep!

Affiliate Marketing

Pros

First and foremost, affiliate marketing enables you to earn money online while you sleep! There are not many business opportunities in which you can generate income on auto-pilot. Usually, you must be active or present to make money.

In addition, these opportunities can provide you with multiple sources of additional income! Retrospectively providing you with the possibility to secure financial freedom. Ultimately, you can retire young and secure financial independence. This is a reality for some people and an imagination for others. Nevertheless, this can become your reality if you're willing to remain patient and work relentlessly. Secondly, you have the capacity to reach people around the world. Substantially extending your ability to increase revenue.

This is one of the greatest associations entrepreneurs can exploit to make money on the side. One of the greatest benefits is even while you're at work on a full-time job, affiliate links along with blogs will continue to work 24/7 on the backside. This can become an efficient combination using SEO as well as honest writing. One can easily observe for the passive income of the cash cow at the end of the day.

There is no need to have an experience in the marketing field to work as an affiliate and earn money. All this can be done in the free time, just an investment of money along with the time and just like that you can start earning money.

Cons:

Individuals that are associated have no control over the offers, services and the products. There is no need to mess to alter any of the products, but still at the same time people don’t have any control either over what is being promoted.

This is a competitive marketplace, as this program is really simple and everyone wants to make money on their side so they start investing their money. Therefore, there will be much competition and the others may have years of experience.

Last but not least, it is important to research opportunities yourself because there are a number of different scams you can run into.

Steps to Succeed

What does it take to become a successful affiliate marketer? For starters, you must be willing to remain patient and work relentlessly. The internet is not the same as before, now there's competition in just about every market. Therefore, you must outperform your competitors to get ahead.

Choose Your Niche

Finding your niche is the first step to achieving success from affiliate marketing. In other words, you must find a topic you are passionate about. The key to success is to find something that you enjoy and have an understanding about. In doing so, you’ll be better off in the long haul. You can enjoy working by choosing to create content on a topic that you enjoy.

Select a Platform

After choosing your niche, you'll need to select a platform to reach and engage with customers. Most affiliate marketers use websites and blogs to connect with customers. However, you could market through podcasts, videos, or word-of-mouth. It’s important to understand it's not what you use, it's how you use it. So if your strong point is face to face verbal communication, then that's how you should connect with potential customers. Or if you're better at typing, then you probably should consider creating a blog.

Ordinarily, customers will not purchase your products or services unless they can trust you or your brand. And of course, the only way to establish trust is through reliable service (Brand Credibility). You must prove customers can spend their hard-earned money with through your platform. Therefore, building your platform is essential.

Research Affiliate Programs

After you find your niche or the market you plan to pursue, it's advised to research affiliate programs. Market research won’t cost a dime, but it does require time, skills and dedication. Nonetheless, it’s an essential step in becoming an affiliate. Research will provide you with indispensable information and help you develop a better understanding of the market. Consequently, you can develop strategies in advance. For instance, you can discover a market is overcrowded by executing research. Then you can choose to enter a different market.

Join Affiliate Program

Joining affiliate programs is completely free and takes only a few minutes. All you need is a valid email address, valid checking account, PayPal and an address or P.O. box. More importantly, you can find an affiliate program in any industry, i.e., business, eCommerce, health, travel, weight loss, etc.

Not all companies use the same method to pay their members. Therefore, you must read over each companies individual policy to assure you have the correct credentials. However, you should be prepared to get paid to the best of your ability.

First you should sign up for a bank account if you do not have one. Then sign up for a PayPal account and link your bank account to PayPal. Most companies typically offer these 3 forms of payment; direct deposit, PayPal, and check by mail.

Keep in mind, as an associate, you are a independent contractor. So when you earn over $600, you must pay takes. Therefore, you will fill out a W-9 in most cases.

Promote Your Affiliate Campaign

After you build your platform, you must promote affiliate links to start earning profits. There are several options for promotion, some are free and others cost money. However, reaching as many customers as possible is the key to generating profits as an affiliate.Therefore, don’t just limit yourself to one or two outlets for promotion. Instead, try to use as many outlets as possible. You can promote using content marketing, email marketing, video marketing or search engine marketing (SEM) or search engine optimization (SEO).

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