What is Affiliate Marketing?
Are you looking into making money online? Have you had so many ideas but just not getting anywhere. Well, today we are going to show you a few ways of understanding and making BIG BUCKS online. Assuming you already have a website in place, if you haven’t then that’s the first thing you will need.
CLICK HERE TO READ OUR POST ON “how we created our website in 30 seconds.”
Affiliate marketing is the most popular and successful “MONEY MAKING” technique, and we will explain this to you because you must familiarize yourself with this technique. It is the most common method used online to make money by ordinary people like ourselves and yourself. We call ourselves ‘Affiliate Marketers’.
Do you want to be a successful and productive affiliate marketer online? If so, it is vital that you firstly understand what your role is. You will need to understand the entire process, all the way to you making BIG MONEY.
Understanding how Affiliate Marketing Works
The process of affiliate marketing is not complicated. It’s a nice & clean process that anyone can understand very quickly as the model is very simple. You as an AFFILIATE, promote products and services on your website for companies, which we call MERCHANTS.
Affiliate Marketing is done through affiliate programs. The amazing thing is there are tens of thousands of these programs out there that you can use for FREE to make a good/decent revenue. You might be thinking “I may not be able to do this”, but the truth is if you can buy something online then you can definitely promote a product or service as an affiliate marketer through many of these affiliate marketing programs. An example is the Amazon Affiliate Marketing Program.
When you sign up for an affiliate program, you are provided with an unique link which you will use on your website contents to promote the goods/services.
The Importance of Your Website
Your website is the core of your affiliate marketing and this is where all promotions begin and end. When you have Amazon products advertised on your website and your visitors come and click on your link, you will be rewarded for this sale in the form of a commission that could be anything up to 80% of the value of the product or service.
Amazon tends to have a starter commission of 6% and this does increase depending on the product or service. For example, you have a smart OLED TV advertised on your website costing $3,000 (yes you can be an affiliate for TVs or anything else you want to promote!) If we took this sale as Amazon’s base commission of 6%, then how much do you think you will make? Well, let us tell you, 6% of $3,000 is $180, and imagine if you had made just ONE sale per day! This is common practice amongst affiliate marketers online, and you could be one of them!
All you have to do is have a website in place with all the relevant product promotions with your affiliate links, then simply refer your visitors to the Amazon site where they make the purchase and Amazon will take care of the rest. Your job is to just refer, nothing else and in return you earn some serious MONEY.
You can apply this affiliate marketing to ANY niche you desire and there are many affiliate programs you can choose from. Are you seeing your potential here as an affiliate marketer?
How Much Can You Earn as an Affiliate?
The sky is the limit really! It all depends on you. You can earn as much as you want, and that’s NO exaggeration!
How much you earn depends on how much traffic or visitors you can get on your website. The contents and reviews you create for the products you are promoting needs to be good quality and honest reviews. Your first intention should always be is to help the visitors on your website. If you can genuinely help them then they will naturally click on your affiliate link and go buy the product you recommended. So, in reality earning the money is the easy part.
Also, the contents that you create must be very relevant to your niche and most importantly you must be targeting specific “low competition” keywords for every single review or post you write. We cannot stress how important this is for you get visitors to you website. You can learn all this (as we did) via an affiliate educational program, which we have recommended further down this post.
We will explain this further for your understanding and give you some examples to break it down for you.
For example if you got 2,000 clicks and visitors in a month on your website. This will mean in a day you are getting 66 clicks. By the way, these are realistic numbers once your website is established and you got good quality contents.
So, from the 2,000 clicks lets assume 10% of the visitors actually click on your affiliate links and buy the products. That would mean 200 possible purchases in a month.
Let’s say you were promoting a product and the commission for each referral is $20 (that’s a typical amount). How much do you think you will earn in a month? Well, it’s 200 (possible purchases) multiplied by $20 will give you a fantastic monthly income of $4,000.
These figures are very common and all in one month of income from your affiliate marketing website. Once everything is established, your website will be making you a passive income month in month out, all year round, 24 hours a day (even while you are sleeping!)
You may have heard stories about people earning a $1,000 a day, and this is actually a reality and very possible. We have personally gone to that level and beyond and know many affiliate marketers whom have achieved this and are achieving this on a daily basis.
We hope you have understood the process of affiliate programs and now can go and monetize your website and start earning the money. If you haven’t got a website and would like to create one and start doing affiliate marketing. Then you can do exactly what we did. We joined an affiliate program and learnt all there is to know about this business method and then going onto learning how to create websites (this very website you are on!)
We would recommend you join Wealthy Affiliate where they will teach you all you need to know including how to create your website to get you started. They have a FREE starter membership that you can sign up to. If you are ready for that, then CLICK HERE TO JOIN FOR FREE.
Also, you can click HERE and read our full review about Wealthy Affiliate and everything there is to know about them.
Please leave a comment or any questions in the comments section below that you may have for us. We would love to help you out if we haven’t done so already.
Habib and Rani