Are you new to affiliate marketing and want to learn how to tap into this billion-dollar industry? In this tutorial, you’ll learn how you can get started with affiliate marketing today (without the hype).
If you’re a beginner to affiliate marketing, it’s easy to get consumed with the idea of making money online. When this happens, you might be tempted to look at unsustainable ways to run a quick side hustle. This is the wrong way to approach affiliate marketing.
Business Insider found that around 15% of the digital media industry’s revenue comes from affiliate marketing. But that report was published in 2016, and today, affiliate marketing has become even more popular. This means that it’s possible to build a sustainable business with affiliate marketing.
In fact, it’s possible to build a multi-million dollar affiliate website that you’re proud of. And that’s exactly what this tutorial will help you do.
So, what exactly is affiliate marketing and how does it work?
Affiliate marketing is when you promote other people’s or companies’ products. When someone makes a purchase through your affiliate link, you’re compensated with a commission.
To know you’re the person who sent them the sale, the merchant uses a unique link. When a visitor clicks that link from your website, blog, or wherever, a small file called a cookie is stored on their device.
An affiliate cookie does two things:
► It helps the merchant attribute the sale back to the right person;
► It (usually) holds an expiration date.
This means a person that clicks through via your link doesn’t have to immediately purchase the product. You’ll see an example of how this works in the video.
So how much money can you make as an affiliate marketer?
The simple answer to that is that there is no limit. There are reports from affiliate marketers who are making over 6-figures a month in affiliate commissions.
You’ll see some examples of these reports in the video. With those questions answered, let’s go over the things you’ll need to get started with affiliate marketing.
First, you’ll need a platform where you can use affiliate links. You’ll find out which platforms you can choose from in the video.
Next, you’ll need to choose a niche. When you’re choosing a niche, remember you’re choosing a niche, not an industry. You’ll learn some tips on how to find a profitable niche in the tutorial.
Thirdly, finding affiliate programs to join. There are lots of popular affiliate networks like Amazon Associates, Commission Junction and ClickBank.
However, these aren’t the only affiliate networks out there. You’ll learn proven ways to find high converting affiliate programs and those with high sales volume.
You’ll also learn the three models of affiliate programs that are available as well as each of their pros and cons.
Now that we’ve gotten the fundamentals of affiliate marketing down, here’s a basic formula to actually make money from your affiliate marketing site. Traffic + clicks + conversions = revenue
In the video, you’ll learn how to optimize the different aspects of the formula to help you get more affiliate revenue to your site. Finally, the last piece of advice is to experiment.
Don’t expect perfection or a life-changing income that happens overnight. It doesn’t happen that way, otherwise, we’d all be billionaires.
Focus on making that FIRST affiliate sale. And as your site grows, set new reachable goals rather than settling for a one-off hustle.