Money is pretty basic. We made our world such a way that everybody needs money without exception. So, to earn that, many think hard work is the only way to get things done. True! Once it was. But to survive in this super-fast world you need to be smart enough to earn money even when you are simply sitting in the station, waiting for your train to arrive. There’re millions of ways to earn money like that well thanks to the Internet which made it all possible. And one way out of it is Affiliate Marketing. You might have heard this from some entrepreneur or an affiliate marketer himself. But believe me, it’s the simplest way to earn money even while you sleep. So let’s just dive into learning everything to get started with affiliate marketing…
What is affiliate marketing and how does it Work?
Affiliate Marketing is just a process by which an affiliate earns a commission for marketing another person’s or company’s products. An Affiliate is just a person who promotes products or services for a commission. The affiliate simply searches for at the product they enjoy or want to earn some money from, and then promotes that product and earns small profit or commission from each sale they make.
7 Reasons to Start an Affiliate marketing business in 2020
i. Affiliate marketing has very Low Startup Costs.
ii. You’re selling those products or services which you want.
iii. You don’t have to store any goods or produce.
iv. You have a wide range of options to choose products and services to earn money from.
v. No shipping costs
vi. NO customer service, employees, or office hours
vii. Make money while you’re sleeping
How to start an Affiliate Marketing business?
1. Find a niche for yourself.
Niche is nothing but a focused group of products o services
Questions to ask yourself to choose your niche:
1. What am I most passionate about?
2. Is there a demand for this niche in the current market?
3. Does this niche have a wide range of products and services?
2. Build a website.
Nowadays building a website has been easier than ever. You can build a simple website using word press or blogger for less than 10-15$ a month and start your business
3. Focus on Creating Quality content
Quality is always better than quantity. Always remember that even 5 blogposts with strong information is better than 100 weak blog posts with no vital information.
4. Grow your email List and Generate Leads
Yes, an email list is one very important asset for an affiliate marketer to hold his costumers and update them with new products.
5. Join Affiliate Marketing network
There are many affiliate marketing networks and programs which provide you a platform to promote their products. Some
of the marketing, products are discussed in this blog.
6. Choose affiliate products/ services to promote
So done choosing a niche and an affiliate network? What are you waiting for…? Start Earning
How do Affiliate marketers get paid
Affiliate marketers usually get paid in various ways. Some of them are:
1) Pay per sale
This is the basic structure of any affiliate marketing program. In this program, the seller pays the affiliate a percentage or so-called a commission of the sale price of the product after the consumer purchases the product through the affiliate link shared
2) Pay per click
This program focuses on encouraging the affiliate to redirect the consumers from their marketing platform to the seller’s website.
And thus affiliate will be paid based on the number of people who visit the seller’s website through his link
3) Cost per action (CPA) or Pay per Lead
This is one of the most complex systems of all. This program pays the affiliate based on the conversion rates. This means an affiliate should convince costumers to visit the seller’s website and complete the desired action. Which maybe whether filling out a contact form, subscribing to a newsletter, or signing up for a trial of some product.
Best affiliate programs for beginners to make money online
Here are the 5 best-recommended affiliate programs for newbies and professionals:-
1) Amazon affiliates
- Commission Rate: 1-10%
- Payment term: Net 60
- Amazon Associates affiliate network is one of the most popular affiliate marketing programs for all the beginners out there. Amazon Associates is very easy to join in with no minimum traffic required.
- Note: – you need to make at least 3 sales within 180 days of signing up to Amazon affiliates to keep your membership.
- Commission Rate: Up to 75%
- Payment term: Varies (Net 30-60)
ClickBank is one of the Trustworthy affiliate networks for over 17 years. ClickBank is the best option for marketers who want to sell
digital products. Clickbank’s main focuses are on up-and-coming products from small businesses and independent entrepreneurs from all over the world. ClickBank has a ton of free affiliate marketing resources and also practical guides on how to find the right products to market. They have a tool named gravity score which helps to determine how well the product sells.
Note: – The best gravity score is between 30 and 100.
- Commission Rate: 40% recurring + 5% on other
products + bonuses
- Payment term: Net 15
The Clickfunnels Affiliate Program is one of the famous affiliate marketing programs. And ya Clickfunnels is different from
ClickBank. So don’t get confused between them. ClickFunnel’s affiliate program is popular among well-established online entrepreneurs for its extraordinary offer. which is lease coverage of the luxury car of your dreams.
Just Invite 100 active members every month, you earn up to $500 per month lease coverage Or Invite 200 active
members every month and you’ll earn double of it which is $1,000 per month. If that’s not your definition of beginner-friendly, I don’t know what is ClickFunnels Affiliate Program’s basic plan of cost $97. The more expensive plan costs $297. If you refer at least one customer on the starter plan, you already have a Margin of $38.80. So just calculate inviting 20 new customers per month. And they have a second-tier commission system, too. This makes for a solid income stream.
Above that, ClickFunnels has a lot of other products and programs that can earn you commissions. For example, the One Funnel Challenge gives you a 100% commission per referral (which costs $100), whereas funnel scripts give you a 40% share per sale (costs $487).
ClickFunnels also has some free offers that can make you a lot of pennies every month:
1) DotCom Secrets Book ($967 potential commission)
2) Expert Secrets Book ($927 potential commission)
3) FunnelHacker Cookbook ($933 potential commission)
4) 108 Proven Split Test Winners Book ($197 potential commission)
5) Funnel Graffiti Training ($144 potential commission)
- Commission Rate: Varies (2-8%)
- Payment term: Varies (Net 30 to Net 90)
If there’s one affiliate network that’s as beginner-friendly as Amazon Associates, then I’d say that it’s ShareASale. ShareASale is a perfect choice for new affiliate marketers who are looking to promote products of new emerging brands. However, there are also some well-established brands as well. ShareASale has a network of over 5,000 sellers — over 1,000 of which are exclusive ones. This means you can become affiliates of their products through ShareASale only. Although it doesn’t have the most gorgeous-looking and intuitive interface design. But This is the best starting point for you.
5) CJ Affiliate
- Commission Rate: Up to 30%
- Payment term: Net 60
CJ Affiliate is one of the first few affiliate networks which is running for over 20 years. Unlike ClickBank or Amazon, CJ Affiliate has a huge sea of products from nearly 3,000 recognizable brands, both from big and small industries. Which is way awesome. Well, CJ Affiliate doesn’t have a standard commission rate. So Merchants set their own commission rates with minimum $.30
Affiliate Marketing with Amazon
Other affiliate marketing platforms, even Amazon has started a big affiliate platform for aspiring affiliate marketers famously called “Amazon associates”.
What are the requirements for the Amazon affiliate account?
Firstly, It‘s completely free for you to become an Amazon affiliate. And there are three categories of people who can join the Amazon affiliate program:
1. Bloggers or Website owners: People who have an existing website or a blog.
2. YouTubers: If you have a YouTube channel, you can use it to promote products to become an Amazon affiliate.
3. Social media influencers: This is for mini-celebrities on social media with large no. of fan base or followers. This is an extension of the Amazon associate program and can be joined by anyone if you have enough costumers to promote. Secondly, you’ve to join Amazon associates with their official page and you need there you need to:
1. Enter your website address
2. Give a store ID
3. Choose an option on how you’re going to drive traffic to the website.
4. Enter your phone no.
5. Choose a payment method
6. Create Amazon affiliate link
And yeah… you’re good to go
Best affiliate Marketing courses
Here is one of the best Affiliate Marketing Courses on Udemy:
Never compromise on learning. To be the best affiliate marketer you have to be the best learner and update your knowledge stream from time to time. Enroll in these courses, and enter the new world of Affiliate marketing.
Best CPA marketing sites
Here are the 10 best CPA marketing sites to get started:
1. Max bounty
3. Crack revenue
5. CPA lead
8. Toro advertising
9. Artwork media
10. Mod idea
And at last…. Remember it’s never late to start your own business and live life with good financial freedom.
So, GO for it and build your first online business today 😉