When it comes to making money online, affiliate marketing is one of the most appealing business models there is. Why? Simply because it allows you to potentially make a large amount of money from home without having to trade your time for cash.
Affiliate marketing is not easy and anyone who thinks otherwise is in for an unpleasant surprise. Likewise, it isn’t a ‘get rich quick scheme’ and it does involve a lot of work.
That said though, once you’re set up with your affiliate marketing business model, you can earn a steady stream of passive income – potentially indefinitely. Passive income simply means that you’ll be earning money while you sleep and while you go on holiday. While the initial set-up may have involved a fair amount of work then, it eventually becomes self-perpetuating to the point where you can stop working and continue to sow the seeds of your labor for years to come.
And while affiliate marketing isn’t easy, it certainly is easier than a lot of other business models. That is to say it is easier to understand, easy to get started with and easier to execute. While it might involve some trial and error, the initial stages often actually amount to little more than copying and pasting existing businesses!
Affiliate marketing can be the answer that you’re looking for then. The only caveat is that you need to go into it with realistic expectations and you need to be smart about how you approach it. With the right know-how and with access to the best marketing ‘secrets’, you can hack into this setup and start earning a lot of money very quickly. That’s where this book comes in: read on and we’ll examine the powerful strategies you can use to get the most from affiliate marketing.
The Basics
Before we go any further, let’s quickly recap on what affiliate marketing is. There a good chance that those reading this eBook/report will already have a good understanding of the concept but for those who don’t, this basic explanation of the business model will tell you everything you need to know…
The Set-Up
Being an affiliate marketer is like being a salesman on commission. In other words, you get paid some of the profit from a product as an incentive to help the product creator to sell it. This is the same method that a door-to-door salesman would use but the main difference is that you’ll be selling your products over the web. This essentially gives you the potential to reach a far greater audience of buyers and to sell a far bigger number of products. So instead of selling Sky TV to three people a day, you’re now able to sell an eBook to 10, 20, 100 or 1,000 people daily depending on how good you are.
At the same time, selling digital products like eBooks (which affiliate marketing often revolves around) means that there are no overheads for the product creator. There are no associated manufacturing costs, no storage requirements, no packaging, no delivery… and that means that you’re getting almost 100% profit from the sale price to split between you.
Better yet, because digital product manufacturers are able to scale their operations so easily, they’re often willing to offer 40, 60 or even 75 percent of their profits for each sale. Sometimes they even offer their marketers the opportunity to use the marketing materials they’ve already created: things like e-mails, blog posts, landing pages and more. They’re happy to do this because any win for you is also a win for them. This is how it’s possible to create an online business by simply ‘copying and pasting’ someone else’s business!
As an affiliate marketer then, your job will be to find products you can sell – probably these will be found on affiliate networks such as JVZoo and Clickbank. After that, you’ll then be given a referral link that you can use to recommend the product to people. If someone buys the product through that link, they’ll go through a redirect that will store cookies on their computer and the sale will be logged as having come from you. You can then withdraw your cash at your leisure.
The skill of an affiliate marketer then and what ultimately will allow you to thrive, is the ability to reach the right audience and to make the product sound desirable. This will ultimately be achieved through a combination of PPC (pay per click advertising), SEO (search engine optimization), email marketing, social media marketing and other similar techniques.
What to Expect from Affiliate Marketing?
The first and most important consideration before you get started with affiliate marketing is to know what you want to get out of it. This may sound like the ‘boring stuff’ and perhaps you just want to get stuck in as quickly as possible; in fact, though, not knowing your goals or having the wrong expectations can be a huge setback if you don’t take the time to think this through. It’s no exaggeration to say that this is a big part of why a lot of people fail at affiliate marketing.
Largely responsible for this issue, are all the adverts that flood Facebook telling you that you can earn thousands of dollars a day by just posting a few ads. Then there are people like Tai Lopez, telling you that you can earn millions like them and be a genius billionaire by following their course.
This sets up unrealistic expectations and leads to people going into affiliate marketing underprepared and with a lot of false hope. It also leads to some serious mistakes.
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