When it comes to Digital Marketing, Affiliate marketing is the second most used technique to market the product after Google Adsense. Earlier, business spent tons of money on Radio, TV or Newspaper ads.
Today the world has changed, that traditional mode of marketing won’t work today. In today’s Digital life, you’ve to upgrade to Digital Marketing.
Affiliate marketing is a marketing model designed so that individuals can help companies sell more of their products and services both online and offline.
As an affiliate marketer, you will work within a referral based system that allows you to earn a cut of the money that companies make from sales made to people that you refer.
The amount of money that you earn with affiliate marketing will depend on the product that you choose to promote, often times this amount can be 100% of the total price of the product.
Products can be an affiliate product with either a low ticket or high ticket. Low ticket products range from $7 to $200 while a high ticket range from $200 to $25,000.
Affiliate Marketing is very easy to get started and is one of the easiest ways to earn online. It is a billion dollar a year industry with a low barrier of entry.
Start with no investment
You can basically start Affiliate Marketing with almost no investment. If you are strapped in cash, there are plenty of free strategies that you can use in order to find people on the internet who are interested in buying whatever you promote.
You can join facebook groups and share your affiliate links there. Also, you can ask your friends to share the links on their social sites. This may be time-consuming.
Who can step into Affiliate Marketing
Affiliate Marketing is for the people who are willing to create a passive income source using the internet. Whether you’re looking to make an extra $100 a month, $1000 a month or even $1,000,000 a month, affiliate marketing can be a way to get there.
When done in a proper way, affiliate marketing is an excellent way to make good money online.
If there is an overachiever and dedicate yourself enough to master the affiliate marketing game, you can earn an incredible amount of money right from the comfort of your home or anywhere in the world, as long as you have a computer and internet connection in your hand.
Wrong approach to affiliate marketing
Nowadays there seem to be a bunch of gurus on youtube or on other platforms teaching people to do affiliate marketing by means of deceiving people in order to get them to buy their products.
These gurus teach their students to overhype their promises in order to increase sales and earn more money in commission, even when they have never personally used, done any type of research, or believe in the products that they promote.
Although this seems to be a way to make a quick buck online, I don’t recommend anyone to take this approach. If you want to make a good money with affiliate marketing you need to treat it like a business, not a get rich quick scheme.
How actually affiliate marketing should be?
Affiliate marketing is awesome when done in the right way. It should add value to people with your affiliate products.
Never try to get into affiliate marketing if you want to spam people with offers from products that you know won’t help them.
If you try to CHEAT your customers, you will have to piss off in the long run. Think this as your real business.
As an affiliate marketer, your job is to identify the need of the market, find a solution that satisfies that need and put that solution in front of the people who need it.
It’s that SIMPLE!
NOw, you guys might have doubt whether you want to go with the FREE method or the PAID method.
Methods to choose for affiliate marketing
There are basically three methods to start for affiliate marketing. You can either get started with the free method, paid method or both the methods.
The methods you choose will have a direct effect on the amount of time that it will take you to see results. I will try to make it simple. Suppose you like in MUMBAI but wanted to go to BANGALORE, there will be more than one way to do it.
If you wanted to get fast there, you can buy a flight ticket, which can cost you money, but you can make it there in a few hours.
If you wanted to get there and didn’t mind how long and how much effort it took you, you can take a journey by foot, which will save your money, but it can take months before you arrive at your destination.
I’m trying to say you that regardless of the method you choose to adopt, you will have to sacrifice something one way or another.
You can either invest a few money to buy tools that can make your job a lot easier and achieve results faster, or you can save your money, do everything by hand, sacrifice valuable time and effort, to hopefully see results after months, or even years.
Nevertheless, I don’t want you to get confused or discard any of these methods, people have made money using both and you’ll have to decide on the one that adapts best to your goals or current financial circumstances.
5 basic points to understand Affiliate marketing briefly.
- You partner with a company to help them promote a product or service.
- You market and send traffic to these products using your own resources.
- Some of those people purchase the product based on your recommendation.
- You get paid a commission for those purchases.
- You flip your boss goodbye, move to a mansion in New York and buy a Bugatti.