Have you ever wondered if there are any legitimate ways to make money working at home? Well, wonder no more because I’m going to lay it all out for you in this post.
Affiliate Marketing: This is probably the most popular way to make money online. In fact, it’s so popular, it has its own acronym… AM (for “associate marketing”).
In affiliate marketing, you set up a website (or multiple websites) and sell other people’s products or services. You get paid a commission each time someone purchases whatever it is you are promoting.
There are many different products and services you can promote. Anything from weight-loss programs to e-books, audio tapes and videos, to high-ticket seminars and courses.
The possibilities are endless. The only limits are your imagination and your discipline.
Another thing you should be aware of is that you don’t have to sell anything yourself to make affiliate money. You can simply be an online “middleman” who provides a service like taking orders, fulfilling them, and sending the money to the seller.
There are plenty of people who will pay you to be a middleman for them. And, in some cases, those people will even pay you to work on nothing.
In simple terms, it is a way to earn extra money (enormous amounts of it) by directing people to another site where they can spend their money. As an affiliate for a local company that assists people with buying or selling houses, you receive a commission for each client you refer.
The most successful affiliates are those who have discovered what people want. And, they are the very top affiliates, they are the ones who have figured out what people want to buy and sell… and… They Are The Very Top Because They Know How To Sell It To Them! Affiliate marketing is a method of increasing sales without ever having to lift a finger or spend a dime.
With the advent of the Internet, it has become a virtually fool-proof way to make enormous amounts of money.
How does it work? Let’s say you have a website about selling real estate and you decide to sign up with one of the many companies that offer affiliate programs. What they do is give you a unique URL which you can use on your site (your “affiliate link”) and all the people who visit your site will be directed to another site where they can purchase whatever it is you are selling.
Let’s say that site is a local company called “Daraz” which helps people buy and sell products. If someone is looking to buy laptop and they visit your website as your website ranks for best laptop for 2022, when they come to your site, your “affiliate link” which has been coded into the URL will direct them to the product section of their website.
(NOTE: You don’t have to sell products to be an affiliate. Any product or service you are passionate about can be sold via this method.)
There are many differences between affiliate marketing and other forms of marketing. One of the biggest differences is… You Don’t Have To Sell Anything To Be An Affiliate! All you have to do is write a “website pitch” (a sales pitch designed to get people to click on your affiliate link) for a product or service you believe in… and… if that product or service sells, Daraz will send you a percentage of the money generated from the sale.
Another difference is… You Only Have To Hype Something Once… And… It Will Be Up And Running For Years To Come! Unlike other forms of advertising where you have to keep creating new ads to keep your existing customers interested, with affiliate marketing all you have to do is create one website pitch (designed to make people click on your affiliate link) and let it run forever.
Let’s say you are selling a book about how to invest money. Your website pitch might look like this: “If you think you know how to invest money, you’ll want to read this free book I’ve written about ‘How To Invest Money The Hard Way.'”
Let’s say that pitch generates 10,000 in sales. Daraz will send you commission according to their rate and the customer will pay to purchase the book (if he can) and the other $500 will be credited to your account. And that, my friend, is how you make money with affiliate marketing.
Affiliate marketing is NOT the same as direct marketing. With direct marketing, you are actually sending your own sales pitch to your customers. For example, if you are selling real estate and you send a letter to your list saying, “Hey, I just bought a great house in the Kathmandu for only 8,000k.
If you want to live this area, call me at (000-0000,” that would be considered direct marketing. However, if what you were doing is sending people to another website like Hamrobazar where they could purchase a course that would help them buy houses (like the one you just read about in this newsletter)… that’s affiliate marketing.
There is no set-up fee or monthly fee associated with becoming an affiliate. However, some companies do require you to pay a commission rate on sales you generate. The commission rate varies greatly from company to company. Some companies pay as little as 3% and others as much as 40%. It all depends on the company and what they are trying to accomplish. Usually, the lower the commission rate, the more traffic the company will send to your site and the higher the commission rate, the less traffic the company will send to your site.
There are hundreds of different companies that offer affiliate programs. And, each one has a slightly different set-up fee, commission rate and minimum product requirements.
Commission Rate: This is the rate you will be paid on any sales you generate. The lower the rate, the more traffic the company will send to your site. And the higher the rate, the less traffic the company will send to your site. The lowest commission rate I have ever seen was.03% and the highest was 40%.
Minimum Product Requirements: Some companies have very strict minimum product requirements. For example, one of the companies I used to work with required you to sell a minimum of $100,000 worth of products per month. That’s pretty much impossible for most people.
I personally know of one guy who, for a period of several years, only sold to one affiliate program and he grossed more than 7 million dollars from that one program. But, that’s an extreme case. Most people can’t even come close to that. The usual rule of thumb is you should be able to easily sell something for $20 to $30 and, if you can do better, go for it. Just don’t forget… The More You Make, The More You Spend!
There are hundreds of thousands of affiliate programs and it can be quite a challenge to find the ones that are a good fit for your personality and business. Therefore, it is imperative that you work with only those affiliates that share your values and have a good reputation.
When you are looking for an affiliate program, here are the things you should consider: Consider only affiliates with a proven track record. If an affiliate has been around for just a few months, there is no way to know how long they have been doing business or if they are a scammer or not.
Look for an affiliate that has been in operation for at least two years and preferably, five or more. The longer an affiliate has been in business, the more likely it is that they are a legitimate company.
Look for an affiliate that has a solid payment structure. One of the biggest differences between a winner and a loser in affiliate marketing is the ability to pay the rent or the mortgage.
Look for an affiliate that has a payment schedule that fits into your business plan. Make sure the payments are on time and there is no “iffy” about them.
Also, make sure you are getting paid what you are worth! Find out how much commission they pay on sales they generate through your affiliate link. Make sure that amount is commensurate with the effort you put into promoting that affiliate.
Also, check to see if they pay you a commission on sales generated by other people who have signed up with their affiliate program. That will almost always be the case but, make sure it is clearly stated in their T&C’s (Terms and Conditions).
Consider only affiliates with a proven product or service. This is one of the most important considerations when choosing an affiliate. If they have a proven product, you can be almost 100% certain that what you are promoting will sell like crazy.
On the other hand, if they don’t have a proven product or service, you should exercise extreme caution. There are many scammers in the Internet marketing world and, if you decide to work with them, you could lose a lot of money.
Consider only those affiliates who offer a clear and understandable “recruiting” process. You should never work with anyone who asks you to pay to get into their affiliate program. That is a sure fire way to end up with a nightmare relationship.
Make sure the affiliate has a fair and transparent way for you to become a part of their program. If they ask you to pay to get into their program, immediately terminate your relationship with them. Consider only those affiliates who have a clear and understandable “disclosure” policy.
1: Find something you are extremely passionate about. Something that is so important to you, it would be painful for you to not be able to share it with the world. Something that is so important to you, it would be equally painful for you to have others not be able to share it with the world.
2: Find the top websites in the Internet market for the type of product or service you want to sell. These will be the websites people are using search engines to find what they want to buy. In other words, these will be the websites people are looking for what you want to sell.
3: Study those sites very carefully. Copy everything on those sites you believe can be easily duplicated and used by you. Note: This is NOT stealing! This is an affiliate program. What you are doing is “stealing” from the companies who own those websites to give your readers/customers what they want.
4: Once you have collected all this material, create a website yourself. Use this website to sell your own unique product or service. Make sure you price it at the lowest possible price. (Don’t worry about making a profit right now.) Next, create a page on your site with a headline similar to one of the headlines on the websites you studied in.
5: On this page, write a few paragraphs describing the unique benefits people will receive if they purchase your product or service. Write as though you were talking to someone who had just discovered the website you are selling on. Write as though that person was an old friend and you are trying to convince him/her to buy your product or service. Use all the testimonials and endorsements you can find from other websites. If there aren’t any, use your own. Use ALL the material you have collected from those sites you studied.
6: Write a “call-to-action” at the end of your webpage enticing people to click on a link which will take them to your affiliate website, where they can sign up to become a customer and buy actual products.
7: Under that headline should be a short description of what you are selling. After that, should come a few paragraphs describing your own product or service. These will be the first few sentences of your sales pitch to your readers. Next, should come your affiliate link. The URL for your affiliate link should be something like this… www.yoursite.com/page-with-headline.html?product=productname&affiliate_id=…..
Step One: Create Content That Generates Affiliate Revenue
Step Two: Promote Your Affiliate Products in the Content
Step Three: Turn Your Visitors Into Affiliate Customers
Step Four: Optimize Your Existing Traffic for More Revenue
Step Five: Grow Affiliate Revenue from Your Email List