Affiliate Marketing: How to Make Your First Affiliate Marketing
Ever since the 4-Hour Workweek was released, everyone seems to have the same goal.
wake up in the morning, open their laptop, and look at something like this:
Is it really possible to make money online, and potentially quit your job at the same time?
That’s the dream, right?
Make money while you sleep.
For 99% of people, confusion happens to affiliate marketing is how they get started. If you make that passive income happen, you have got to put in some work first.
I’m going to be completely honest with you on this one. It is absolutely possible to make money with affiliate marketing. But it is also important for you to understand that it takes…
• Hard work
• A desire to help your audience
• A few key skills (included in this blog post)
The idea behind it is that you promote other people’s products, often through an affiliate network, earning a commission if people actually end up buying thanks to your marketing.
It’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer.
I’ve talked a little about it before, but today I want to dive deeper into what affiliate marketing actually is, what sides there are to it, and how to get started. So, let’s dive into my affiliate marketing guide. Ready?
The good news is that if you’re determined to make this work and are willing to put in the time and effort, you’re already well on your way to affiliate marketing success.
All the work you put in is to help you make your first affiliate marketing sale. There is nothing like a first sale to motivate you and make you keep at it.
If you have aspirations of leveling up your life and creating your own destiny for yourself, affiliate marketing is for you.
So, what do you need to do to get started?
7 Steps to Earning Your First Affiliate Commission
The best definition of what affiliate marketing is can be found on Pat Flynn’s Smart Passive Income:
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
We’ve broken down the process into seven steps for affiliate marketing beginners. Following this guide will set you on the right course and have you earning your first commission in no time.
1. Choose a Niche
Before you even begin building your first site, you’ll need to decide which niche you’re going to target.
Obviously, if you don’t know what your site is about or who you’re going to target with it, you can’t really build a site around it…can you?
If you don’t quite know what your niche is yet, here’s some advice that you might find useful.
Some key questions to ask yourself when determining your niche are:
• What topics am I already passionate about?
It’s much easier to work on something if you’re passionate about it. Plus, when you have a passion, you’re usually quite knowledgeable about it too, so that definitely helps. For example, if you have a passion for makeup, your niche of choice might be makeup related, too.
• Is there money in this niche?
While following your passion is definitely the recommended option, sometimes the possibility of making money in a profitable niche trumps passion. So, you might not necessarily know much about your niche, but if it’s likely to make you money, you can always learn more about it, right?
When choosing an affiliate program, keep these key points in mind:
• How much commission are you likely to make from the products?
Make sure you sign up for programs that are profitable and generate a sufficient return on investment. Some tips:
• If using ClickBank, products should have over a 50% commission (preferably 60%), and have a high gravity rating.
• For CPA (cost-per-action) programs, commissions should be over $1, and products shouldn’t be overly restrictive in how you can promote them.
• For physical products, look for commissions over $40.
• Do you want to be associated with the products and services?
The products and services you will be promoting to your audience must be relevant and of good quality. Make sure you believe in them and know everything about them, because this will be crucial to you delivering