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Affiliate Marketing – How Can I Make Money from It

Affiliate MarketingSo what is affiliate marketing you said?  Affiliate marketing is one of the fastest growing trends on the web.  It’s also true that it’s one of the simplest ways to make money on the internet and to start your career from home.

“Ok André, you’ve told me about affiliate marketing but it still doesn’t answer my question!  What is affiliate marketing?”

Well, to put it in a simple way, affiliate marketing is selling other people’s products in exchange for a commission.  Think of it as a real estate broker.  The real estate broker sells and promotes what’s available in the inventory, like what’s in the MLS listings.  They’re not in the business to build houses, just like an affiliate marketer is not in the business of creating or making products.  The affiliate marketer sells and promotes products that other people or companies have created.  And since we are talking about the internet, most of the time, they are info-products, which is short for “information products”.

Nothing stops you from creating your own product over time but you don’t need your own product to sell when you first get started.

Affiliate Marketing Tips

In order to be successful in affiliate marketing, consider these:

  1. Your personal website where you brand yourself as the expert in the market you’re targeting. That’s the place you make your marketing efforts count, you’ve got to build credibility, trust, loyalty and connection with your audience or your target market. You can achieve that by giving value (your opinion, reviews, stories, etc). You want to keep in mind that in order to be a successful at affiliate marking you want to have an awesome, user friendly, professional looking website that will compel people to follow your recommendations. I personally use IMX Productions for all my design and website needs. If you’re more of a “Do It Yourself” kind of person, there’s nothing wrong with that either, a WordPress.com blog is a great platform to build your website on and if you’re more advanced, a self hosted WordPress blog is in my opinion the best way to go about it. You can get the package at wordpress.org.
  2. Once you got your site up and running you got to have some products to sell. There are sites that take care of all the “paper work and agreements” so to speak to help you connect with product owners of all genre from fitness, to dog training or to whatever you can think of, chances is are, it exists. Such sites are Clickbank.com, (click bank is like the granddaddy of them all, it’s been around since 1998 and for the internet, that’s old) haha. Another one is PayotCom.com. Generally speaking these sites have a broad range of commission split but generally speaking 50/50 is the norm. Sometimes you’ll have 70/30 (70% for the seller and the product owner keeps 30%).If you chose the marketing and promotion arena, there have been some private exclusive membership sites, that if you’re part of the community, you got access to top quality info products and you can therefore get 100% of the commission. A site that comes to mind is MLSP.com which I personally use myself. I think it’s great! Don’t worry about all the links, I’ll put them down below and/or the description.
  3. Once that figured out, you’ll need to market and promote your site or affiliate sites. This is where you’re advertising and promotion come into play. Basically you’ll have to keep track of how much you spend vs how many sales you make. If you earn a $1 commission for every $1 in advertising spent, congratulations, you broke even, if you earn $2 for every $1 in advertising spent, congratulations, you’re doubling your money every time you do that campaign.The challenge is to get more earnings than what you paid in advertising. Sounds simple but it’s not. Most people fail at this hence why they’re losing money but it’s not the system that fails, it’s the ability to keep track of their metrics (meaning the stats, dollar received per dollar spent). To put all odds in your favor, you got to know the secret formula for success, after all, it is a calculated risk. This affiliate marketing formula goes like this: test, measure, keep track, tweak and repeat. Once you apply this formula, then you have the unfair advantage against the odds of failure.
  4. The reality is you don’t need your own website and you can only promote your affiliate marketing links. However times have changed, people don’t want to be pitched and bombarded with ads anymore. With all the information available online, you’re audience is more educated than ever and they do not want to get pitched at. This is why having your website and connecting with people will help you in your business. Think about it, people love to buy things that they need but hate being sold to. If your recommendation is genuine and you’ve build that trust, connection and loyalty by giving value, then your audience will support you by purchasing through your affiliate marketing link when that product is right and beneficial for them.

What about you, what does affiliate marketing mean for you?

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