AFFILIATE MARKETING FOR COMPLETE BEGINNERS 2022 – HOW I MADE MY FIRST $1 INCOME ONLINE

OVERVIEW

There are many ways to build an online business and some are easier than the others. With many business models, you need to invest a lot of time and money upfront to create a product or service. Therefore before you make your first sale, you’ve invested tens of thousands of dollars and months of your life. It is no wonder so many people think starting a business is risky!

What if there was a way to build an online business where you didn’t need to create a product? What if you didn’t need to come up with a great product idea? What if you could skip that investment of time and money and instead start focusing on making money?

One business model that allows you to do this is what is known as affiliate marketing. It’s a monetization strategy where you earn commission from promoting offers that other people create.

In other words, affiliate marketing is like owning a store. Stores generally do not produce the products in stock. Other businesses create the products and the stores stock them on their shelves. When a customer buys an item, both the store and the manufacturer get a portion of the sale.

In the same way, affiliate marketers promote products that other people created. These products could be courses, eBooks, conferences, physical products or even free stuff. When you send a customer to buy, you earn a commission.

WHAT THEN IS AFFILIATE MARKETING AND HOW EXACTLY IT LOOKS LIKE

In this scenario, we assume “Joe” to be starting a business. He has a passive for golf and so decides to create a course to teach people about simple golfing practices that would help them up their game when they play with their friends on the weekends. He spend a few months creating this program. From shooting videos, editing them and organizing them inside a member’s area or marketplace. He eventually builds a sales page or video to sell the course which would cost $100 to enroll in. With everything ready to go, he just need customers.

There are many ways to do that which we wouldn’t focus on here now but it would require some time, money or both. In other to get round this, he allows affiliates to promote his course. With affiliate promotions, there are three key players. The product owner (Joe), the affiliate network (marketplace) and affiliate marketer (you).

So in the example, Joe publishes his $100 course on the marketplace. And you the affiliate sees and decides to promote the course. You receive a unique tracking URL which tell Joe that you promoted the course.

You then promote the product, someone clicks your link and makes a purchase of the golf course. In this case you are credited with the sale and Joe pays you a commission of $50 for every sale.

Everyone is a winner here. You profit from a course you didn’t invest any money or time in creating and Joe gets more sale from his course and since it’s a digital product, there are no marginal cost. Only pure profits.

ADVANTAGES OF AFFILIATE MARKETTING

• Affiliate marketing requires little to zero start up/ upfront cost: Even though we cannot completely kick out needing a few money to start up. This is unlike other business models where you might need to rent a retail space or stock inventory which could easily set you back tens of thousands of dollars. You basically do not need money in developing a product or buying upfront inventory. Your primary expenses will be about generating traffic to your offer and this could be as little as the price of burger and fries.

• Affiliate marketing is fast to start: Many new entrepreneurs get bogged down with setting up their business and this kills their initial enthusiasm. With this affiliate marketing model, you just need to find the quality product to promote and you are way good to go.

• Affiliate marketing does not require staff: With this model, no more office politics, and no messy payroll handling. You can get it all done by yourself when you get started and when it’s finally time to grow and scale the business you can easily outsource.

• Affiliate marketing is here to stay: Don’t be surprised if I say this but as long as there is digital entrepreneurship, there will always be affiliate marketing. After all, it’s a great way for the creators to generate more sales without investing their own time and money. The details may change and the approach might face a twist buy affiliate marketing is a business model that will withstand the test of time.

• Affiliate marketing develops important skills: Truth not be kept from you, to succeed you need to develop / build skills such as traffic generation, copywriting, and relationship building. These skill carry over to all other types of digital business and mastering it today through this model would go a long way to help you in this whole online business journey

• No expert knowledge is needed: What an advantage you would have over your competitors if you are skilled in an area of your life but it’s completely ok to start as a complete beginner with zero knowledge on a specific subject. All that is needed is the eagerness to learn and the right mindset and you are already in the competition.

• Affiliate marketing compliments other businesses: Even though you might be having an eye for a different business model such as print on demand, drop shipping etc. Affiliate marketing could be used as a secondary source of revenue and many big brand companies are doing exactly just that.

• Work on your own and earn passive income: With this I am not saying you would be out there sitting on a beach having fun and working an hour a day after your first month as an affiliate. However, the power to work and when it suits you best depends on you and your daily activities. You become your own boss and the money you earn in the long run becomes passive because of the power of recurring income associated with some of the products. It’s more like the money you earn monthly from renting your house to someone instead of selling it out upfront.

HOW MUCH MONEY CAN I MAKE FROM AFFILIATE MARKETING

Sincerely, this would depend on you the individual reading this article right now. In a traditional business, after you have finally set up your store, stocked up inventory and gotten it opened up to the public. You would still have to put in a few efforts in order to get more people to discover and walk into your store every day to make purchases hence increasing your sales and profits. And so it is with affiliate marketing. You have to treat it as a real business. Stay dedicated to working on the business especially in the initial stages. Build the trust. Put in your 100% effort every time you sit by the computer and in no time you would start seeing the compounding benefits. The advantages to this is the fact that you can continue to generate income / revenue from one person you referred just once maybe a long time ago if they make monthly or even yearly subscription to a course or product.

HOW DOES AFFILIATE MARKETING WORK

This are a few simple steps and I wouldn’t waste much time by dive straight into them

• Firstly, join an affiliate program by signing up. Read an article on Top high paying affiliate programs for bloggers & marketers as well as complete newbies here

• Pick a niche. A niche is simple a need.

• Find a product to promote

• Promote the product.

• Track the sales you have made in affiliate marketing

• Earn your commission

WHO IS AFFILIATE MARKETING FOR

Maybe you are still stacked up and wondering if affiliate marketing is the best business model for you to start up with. Look down at a few people whom affiliate marketing would be good for.

• Workers/ Employees who love their jobs but looking to earn some extra side income for a nice vacation

• An employee who is sick and tired of wasting hours commuting to and from work, helping other people realize their dreams and in return getting underpaid and unappreciated

• A stay- at- home / dad who wants to make some extra cash on the side.

• A student who wants to avoid flipping burgers at McDonalds, and rather go through the best age the way it’s meant to be

• Someone who is in retirement or near retirement and wants to be able to afford both the need and gifts for his / her grandkids

• A new entrepreneur who wants to start his/ her new business with little risk as possible

• An experienced entrepreneur who just wants to add another income stream to his portfolio

WHERE DO I START FROM

This part of the article has got something to do with the niche to start out with. The first product to choose and start promoting right after you finish reading this article.

I wish I could just give you the exact product but it is not how it is done. This is because we all have different goals and interest. Therefore if two people are reading this article, a specific recommendation would not help meet the needs of both and that would affect the amount of work to be put into this business.

Therefore click here to read a full article on how to research and pick the perfect niche and products to meet your specific human type. However, as brief as possible I would like to stress that there is a proven category that has worked well for almost everyone who has started this business model and I need you to stick to one of these categories. They are the Health, Wealth and Relationship niches. Read all about them right here and make the best decision for yourself.

WHERE DO I GET THE OFFER OR PRODUCTS TO PROMOTE

I have written also a full blog article on all the relevant places you can get affiliate marketers to partner with and start promoting their products as early as today. Read all about The Top High paying affiliate marketplaces here. [Included are the four types of affiliate offers you would be meeting in this marketplaces and how they differ from each other]

CONCLUSION

A BETTER WAY TO START A BUSINESS

Success today looks much different than it did in years past. The old path to success relied on a stable job, good benefits and a nice pension. Unfortunately, those jobs are harder to come by in the modern economy due to forces like globalization and automation.

However the same forces that are hurting the traditional jobs actually work in favor of entrepreneurship. For example, a few years ago, only big corporations could afford to sell products in other countries but today, anyone with an internet connection can sell their products and services all over the world.

In the same way digital businesses benefits from automation. For this reason entrepreneurship has become a sure way to success in this modern economy. The major problem has been which type of business model to start out with and this article has provided you with the all the information you need and why affiliate marketing is the best recommendation we could give you to start it all out with. Take ownership of your mindset and actions. Implement these strategies and don’t stucked up in the analysis paralysis. Choose today to change your life.

FINAL STEP

• GET THE SUPPORT YOU NEED

Successful people invest in themselves. They get training, support, coaching and tools they need to accomplish their goal. When you learn from the best, it accelerates your success. If you learn from people who have done what you want to do, you avoid a lot of mistakes, save yourself headaches and ensure success.

Everyone needs different levels of support. You can take everything from this article and its related posts and create massive success. If you are one of them, that’s awesome.

Yet if you want to master affiliate marketing and learn the process step-by-step, in more details then watch this free video presentation on how to get it all started up.

WATCH THIS FREE AFFILIATE MARKETING PRESENTATION BY CLICKING HERE

• COMMIT TO MAKING IT HAPPEN

Last words. To be successful you have to COMMIT to success

Right now take a paper and write two things.

1. Write “I commit to my success starting today!”

2. Write down the very next ACTION STEPS you are going to take.