Let’s face it, the Internet has completely transformed the way we do business. We can see these changes on both personal and culture levels. Everyday people are looking for new opportunities. They’re looking for new ways make money online.
Even though there are a multitude of ways to make money, affiliate marketing is still one of the easiest and most popular ways to begin.
What is Affiliate Marketing and how exactly does it work?
Affiliate marketing is typically when you promote someone else’s product or service in exchange for a commission on the sales you make.
In other words…
As the affiliate marketer, your job is to advertise the product or service you are promoting and to drive targeted traffic (aka interested people) back to the seller. When that targeted traffic (those interested people) buy the seller’s product or service, the seller pays you a commission.
In some situations, a seller may even reward you for bringing visitors to their site regardless of sales. This however is a less common practice.
Every affiliate marketer is provided his or her own unique affiliate link by the seller. This is your unique identifier. It contains your affiliate ID or username. it keeps track of all the traffic you send to the seller, and all the sales that belong to you so that you can get paid accordingly.
As an affiliate marketer, your job is to make sure that your affiliate link properly links back to the seller’s website.
The term “affiliate marketing” may be new, but the actual business model has been around for years and years.
What do you do to generate targeted traffic?
- Place ads on social media sites (Facebook, Ingram, Twitter, etc),
- Place ads on search engines sites (Google, Bing, etc, aka pay-per-click advertising)
- Host free webinars
- Write articles or create blog post
Technology and the growth of the Internet has had a profoundly huge impact on this industry.
Affiliate marketing has become so big that some top affiliates are now earning hundreds of thousands, if not millions of dollars.
The rates may vary, but most affiliates can make anywhere between 25% to 70% commission for each sale they generate.
The first time you see these percentages, you immediately realize that affiliate marketing can be a very profitable business, particularly if done right. If you can drive enough traffic to the merchant’s website, you can potentially make a six-figure income each and every month.
This is a very powerful business model. It’s also a very powerful motivator, and for this reason thousands of people turn to the Internet daily, believing they can strike gold by becoming an affiliate marketer.
What are the ADVANTAGES of becoming an affiliate marketer?
Product or Service – You don’t need to have your own product or service.
Instead of spending your money, time and resources to create and develop a product or service, you can promote someone else’s right now.
Promoting can allow you to see a much quicker return on your investment. With development, the returns tend to take a lot longer (if they come at all).
Inventory – In the case of a physical product, you don’t have to carry any inventory. The seller is responsible for warehousing his or her product.
Shipping – As an affiliate, you don’t have to concern yourself with shipping or shipping costs. This is the responsibility of the seller.
Customer Support – All customer support services and customer support issues are provided by the seller. As the affiliate marketer, you are free of this responsibility.
Business Freedom – As an affiliate marketer, you are free to do as much business as you want and affiliate yourself with whomever you want to.There is no limit to the amount of products you can market, nor any long-term contracts (in most cases) that you need be concerned with.
Low-to-Zero StartUp Costs – Depending on who you deal with, the startup cost to join an affiliate program are usually very low. Anywhere from free-to-join, to $40-to-$120-dollars, to $150-to-a-few hundred dollars.
Location Freedom – Unlike most brick-and-mortar businesses, your are not limited to any one geographical location. You have true location freedom. You can conduct your affiliate marketing business from anywhere as long as you have an Internet connection.
High Commissions – As was stated above, affiliate commissions, especially with digital products, can often be as high as 70%. These rates are almost impossible to find in traditional business.
Money 24/7 – Unlike most traditional brick-and-mortar businesses, you do not close. You are opened 24 hours a day, 7 days a week, 365 days a year. Money can be made every minute of everyday – as long as your marketing is in place and your website running, the potential of making money happens continuously.
What are the disadvantages of becoming an affiliate marketer?
No Quality Control – You have no control over the quality of the product or service that you are promoting. That’s in the hands of the seller. If the quality is poor, it may reflect badly on you. As always, do your research on the seller before you become their affiliate.
I would strongly recommend buying their product or service for yourself. In this way, you can see exactly what is. You can then evaluate the quality yourself and determine whether or not it’s worth promoting. As a rule, we tend to be more successful at selling products and service we actually use and believe in.
Loss Of Money – In the beginning, most affiliate marketers tend to lose more money than they make. It’s not a get-rich-quick scheme. It’s a business. And like any other business, it takes time to learn. If you stick with it however, affiliate marketing can be exciting and profitable.
As you can see, affiliate marketing can be a great way for you to make money online. The startup costs can be very low and the benefits far out-weigh the disadvantages. The most important step is to choose a great product or service to promote.
One of the best is the ClickFunnels Affiliate Bootcamp Program. It’s completely FREE to join, and the training is also FREE!
They pay a whopping 40% Monthly Recurring Commission.
The program shows you “How To Retire In 100 Days As A ClickFunnels Super Affiliate…”
This program promotes the main ClickFunnels product which is their software platform.
They pay some of the highest commissions on the market and they can even pay for your dream car.
Click on the image below to check out their Affilaite Bootcamp Program for yourself.
If you’re looking for a way to make money online, this is a great way to start.