How To Make A Living With Affiliate Marketing – A Pot Of Gold?
Are you living your best life? Want to know how you can make it damn better?
Before I show you exactly how to get your foot in the door, you need to hear this first:
According to Mediakik, in 2016, U.S reatailers had spent $4.7 BILLION on affiliate marketing. And shockingly, by 2020 U.S. affiliate marketing spend is supposed to rise to $6.8 BILLION!
HOLY MACROL right? Let me ask you, are you ready to be in the statistic of people contributing to helping people buy a product from you or would you rather be the statistic that didn’t dive fully in?
In this article, I’m going to show you EXACTLY step-by-step how to make a living with affiliate marketing so that by the time you reach the end you’re going to think “My goodness, get me started!”
Or something along those lines 🙂
Enough of the data, enough anticipation, let’s get it going!
Living With Meaning and Commitment, Is That You?
Before I can tell you how to make a living with affiliate marketing, can I ask you one serious question?
Are you ready to make a commitment? Most of the people I work with never seem to get it straight, they think that with one piece of effort, that they can become the next online success…Well you know what I tell them?
Things don’t happen overnight buddy. The one thing I want you to get into your head right now is that affiliate marketing is not a sprint, it’s a marathon, and If you’re looking for a quick way in to your freedom, financial stress, and more time for your family friends, then get out right now.
But If you’re committed to learning, and evolving overtime, then you’re in the right place to capture that. I teach people that you need to have a mindset, and focus on what you want to do online, that it’s always about the journey, hardly ever about the destination…
You’ll have times where you wish you were not doing this, but TRUST ME, It will workout for you in the end, whether its:
- 6 months
- 1 year
- 2 years
- 3 years
You can do it.Turning to the internet to make a living is very doable, but I just want you to come into it with the right intentions and frame of mind, and if you do, you’ve already struck gold with the first step.
How To Make A Living With Affiliate Marketing The RIGHT way
It’s very simple, no need to complicate things, this is how affiliate marketing begins:
- Pick a passion, interest, or hobby. Known as a niche.
- Create a website/non-website or funnel. Different forms to start but nothing beats starting a website blog where you’ll rank in googles search engines.
- drive people to it so they see your offer. Also known as traffic.
- get paid commissions!. Each retailer has a different payout.
That’s it! Now it sounds very simple on paper but what most people do is complicate it by over-analyzing, picking up an “affiliate link” and spamming every Facebook Group, Instagram Inbox, YouTube Channel, Website or whatever!
Do you think I’d be here telling you how to do Affiliate Marketing the RIGHT way If I myself didn’t stand behind that?
Ofcourse not, a protagonist gains knowledge and applies, while an active and “hopeful” seeker just keeps well…Seeking.
In affiliate marketing, there are different sub-business models within them, you have:
And if you haven’t learned about these yet, I won’t go into full in-depth as you can see that here, but you have eCommerce and Shopify where you sell more products in bulk in exchange for a commission.
Then there is Affiliate Marketing, which in my opinion is above waters than anything else I’ve ever experienced online.
Mistake #1: You do have to be a bit careful if you don’t want to get stuck making a penny after every sale, and not getting a great return on investment(ROI), both with your sweat equity and money spent to acquire your customers…
This is the one of trade between you and the retailer, where you send a person to a product, in exchange for a comission, and you never here from the person who bought through your link, and now the retailer can upsell them on just about anything.
Mistake #2 Not doing your research. Many times I encountered trying to pick a niche where I was competing with thousands of other websites, so I was never going to rank in google, let alone make long term sales through paid ads.
What you want is a re-occurring income(residual income as its known too). After spending almost 2 wasted months online trying to learn affiliate marketing on my own, and thinking that just making a sale would make me riches, I was delusional, but come to think of it, I woke up.
A bad nightmare, just trying to sell to people on social media, throwing them my affiliate links like a every rookie would do, trying to run paid ads to my offer, and even then trying to get people to buy Higher priced items, but guess what?
It all failed. After that second month I found not only a way to do affiliate marketing the right way, I learned how to make a residual income with it. Every Millionaire, every great affiliate marketer has one thing in common…
They can resell to their existing customers, or get paid on a residual income over and over again….You’ve basically provided Results for your audience and that is the Lifetime Value(LTV)
I then Remember wanting to make an information product so that I could do what’s called selling on the front end, making that initial free or sale, and then getting more people to the back-end of my funnel which is where your business will really take off.
But great, Not everyone can do this, and you shouldn’t have to rely on making a product, and I’ll show you what you can do instead.
What If you could combine a front end sale, with back end sales, and make a residual income at the same time? Now there is the jackpot!
Leveraging Affiliate Marketing Skills Not Opportunities
Remember how I mentioned one of the key aspects is having a website/website blog?
I know you like to spend your time on social media and while you can leverage that into you affiliate marketing strategy, yo should also make the smart move every affiliate makes by having their own site…
because in affiliate marketing you’ll have to LEARN Skills NOT Opportunities! Every affiliate I run into who is a complete beginner will run into another shiny object, get scammed, lose out on tons of money and come back to ask me “Michael, this didn’t work!”
Well, I would hate to be the one who said I told you so…But.
As an affiliate, my goal is to make sure you know how to market! PERIOD! Get this one thing out of your head…
It’s not about the product, it’s about YOU! Marketing yourself will make people logically and emotionally invest into you and buy from you. So what do you need?
The SKILLS of:
and so many more that we will get into. ALL I ask from you is that you trust me, and I will guide you to what your goals are.
Now let’s look at the different affiliate marketing models…
Affiliate Marketing Models
Have you heard of the saying: “Not every business is created equally?”
Me neither, but it’s a very eye opening statement once you understand what that actually means for the online internet marketing space…
As an affiliate you’re going to run into what are called “frontend and backend” process, hear me out.
Let’s imagine you are picking a product from Amazon to promote, you have your website up, someone lands on your blog article and that person clicks on your affiliate link, they go over to the merchant and make a purchase off your product and you make the commissions. Can you guess what takes place after that?
Amazon will up-sell your customer and sell them on even more complementary products and make $100’s if not $1,000’s more off just off that one person, and how much do you get compensated for?
NOTHING! You ONLY make money on the front end product your offered your customers. This is one model of affiliate marketing that as a beginner it’s not so bad especially to get your foot in the door getting used to affiliate marketing, but when it comes to make more higher-ticket commissions off just promoting one product and the company handles the rest of the back-end selling for you, it’s amazing!
Before I show you the following video, if you want to know how to do amazon affiliate marketing, see my other blog post…
Now,Check out this video about the differences between one off sales vs many.
No Product? No Problem!
Most people think they need to have their own product to make it big in affiliate marketing, but you don’t! How so?
Well, as a beginner, you can start off by just selling someone else’s product and make a killing at it. But you have to do your market research, and select the right industry to promote in – as I mentioned earlier about picking your niche, product and so forth.
Thereafter, if you decide you want to create your own, I actually highly encourage you do. But what you might be thinking could surprise you!
Rather than creating your own physical product which can be over cost and if it doesn’t sell, your cost would just be out the roof. So why not do this instead…
Create a digital product? This is:
- faster to distribute across the web
- No overhead cost on your behalf
- You can create one and charge for it by modeling what others are doing.
So, without going to deep into creating your own product, yes you can go that route. But at the beginning, just focus on creating your affiliate marketing assets, and then with your experience, when the time comes, you’ll know what to do.
Before jumping into the next section, I released a lucrative article on how you’re able to have $100 days in affiliate marketing with a highly raved product, check it out HERE.
How To Get People To Your Offers
Thus far, I’ve shown you the concepts of making a living in affiliate marketing with the 4 steps from picking a niche to driving traffic, but I’m sure you want to know how do you exactly get people to see your offers right?
Although I mentioned starting a site, writing content so that search engines can pick up on your work, I didn’t mention enough about the strategies. So give me your attention the next couple of minutes on that matter.
Remember this statement as we move forward:
“All roads lead to publishing content”
I started with a blog website because I was attracted to the idea of ranking blog posts on page 1 of Google and other search engines like Bing and Yahoo for these reasons:
- Ranking high in searching engines brings you people(traffic) to your posts/site and you can understand the intent of what they’re looking for much easier. Many people have problems, they want to find out about a product, or are ready to buy, and you could know what they want and give it to them. You do this by seeing what words/phrases or “keywords” as we call it in our world and you write a post around it.
- You become the hunted not the hunter. Imagine posting an article and it gets quality search traffic and when people read your post, they click on a link to either go purchase your amazon product(or any merchant) or that can simply mean an email optin so you can build a relationship with people faster and more effectively.
- The opportunity to develop a real skill. I’ve always enjoyed a challenge, and writing blogs was never something I thought about doing but until I focused and disciplined myself to get better at this skill, EVERYTHING is so much more easier.
- Search engine content is long-term. When you post something on the web, it will last there literally forever. This is great for you because you will always have people coming to your content, which means more sales, more conversions, and more awareness to your brand.
There are many more reasons I started in this area, but these are the main ones.
Another great strategy is using YouTube to publish content but in the video and visual form. Affiliate marketing pricniples are always the same – the more your publish and add value to somones life, the farther you will go. And YouTube has been the fast growing way to attract a great crowd of people who need their problems to be solved. People connect with people and not the product, and they love to see people in video.
Just like blogging, you can create blog posts around things that people are searching for on YouTube.