Affiliate marketing is a beginner-friendly business model that offers opportunities to people who want to build their own business. If you want to get out of the 9 to 5 and live a life you love, then this blog post will teach you how that is possible. Because In this post, you will learn how beginners succeed with affiliate marketing in 2020 and some of the best strategies to make money. But first, we need to set the stage by explaining what it is and how it works.
What Is Affiliate Marketing?
Affiliate marketing is a process that a marketer uses to promote other Brands’ products and earn a commission per sale. It’s a very simple concept, and most beginners can understand it. While we can describe it in a few words, there are many techniques and ways to promote your links and get traffic. These techniques can make a big difference in your results, and for this reason, you need to find a method that works for you.
How Does Affiliate Marketing Work?
Affiliate marketing needs three parts to work. It works through affiliate links that the affiliate marketer gets from affiliate programs. Then, their job is to promote these links to people on the internet. Finally, when someone clicks on these links and make a purchase, the affiliate marketer earns a commission.
A vendor is someone that creates the product. It can be a big retailer or a solo entrepreneur. Every person or business who has a product can create an affiliate program, allow affiliate marketers to register, and give a commission per sale. The products can be in a physical, digital, or a service format. Also, there are several affiliate networks that include multiple vendors and products.
Affiliate marketer or advertiser:
The affiliate marketer is an individual or a company that takes care of the marketing for a vendor/producer and get paid per sale. Hence the affiliate promotes the product to a relevant audience. There are many marketing channels to drive traffic through and the commissions vary depending on the affiliate program. Affiliate programs have commissions from 5% to 75%.
The consumers are the users that purchase products on the internet. They click on affiliate links on various places like blogs, YouTube channels, social media, forums, etc. However, they don’t pay more than the regular price, so there is no difference for them. In most cases, they don’t know or don’t notice that they are part of an affiliate marketing transaction, even if most affiliate marketers mention it on their pages.
Types of Affiliate Programs
Getting paid per sale is not the only way to earn a commission with affiliate marketing. Alternatively, you can get paid per lead or click. Above all, it depends on the affiliate program and how the vendor choose to pay the affiliate marketers. So your strategy as an affiliate depends on what you wish to accomplish and how you want to get paid.
pay per sale
This is the most common type of affiliate marketing. Most affiliates prefer to earn a commission when they make the sale. This works well for the vendors as well because they don’t have to pay out commissions before they get the results.
pay per lead
Many programs pay both for sales and leads or specific actions. Also, some networks and programs pay only per leads. This type of marketing is called CPA marketing. These leads can be sign-ups, free trials, downloading ebooks and digital products, or anything that could be a part of the marketing system of a vendor.
pay per click
The last option is to just send traffic to a link without caring about the conversions. This way you get paid strictly on the visitors you send through your link. Of course, clicks have less value than leads and sales, so it’s less popular than the other types of affiliate programs.
Benefits Of Affiliate Marketing
1. Passive income
You can get results from an initial investment of time for months or years ahead. Also, if you promote products with recurring fees or upsells, you can generate revenue multiple times from only one sale. Furthermore, this allows you to make money even when you are not in front of your computer. This is the reason why you want to succeed in affiliate marketing. For this reason, we sometimes say that we make money in our sleep. Because your business is automated and works for you 24/7.
2. No experience required
You don’t need experience with any type of marketing, and your past does not affect your results. So if you are willing to take action, you can create results in the future. Moreover, technical knowledge is not required in 2020. Because there are many tools that take care of the technical part. You only need to join a community with experts that will teach you everything you need to know to succeed and decide to never give up.
3. No product creation and customer support
If you are a beginner, it will be difficult to create a quality product and offer customer services. That certainly takes expertise and staff. For this reason, most beginners don’t have the required knowledge or the budget to hire people. Whereas in affiliate marketing, the vendor takes care of the product, and you can focus on marketing.
4. Low budget to get started
Compared to other business models, affiliate marketing has a very low cost because you don’t have to invest any money for the product. That way you can start promoting your products at a low cost or even for free, depending on your strategy.
5. Work from home
Affiliate marketing works entirely online. So, you only need a computer and internet access to launch your campaigns. As a result of your campaigns, the affiliate programs will send your earnings to your bank account, PayPal, or as a check without you having to go outside.
6. Convenient and flexible
You have the freedom to choose an affiliate program you want and promote them in any way you want. Consequently, it is up to you and your creativity to create the campaigns that will take you to the top. Because no one will tell you how to run your business.
7. You get paid for your results
Instead of getting paid for your effort and time, you will get paid for sales or leads. This will allow you to increase your income by working smarter and being more effective.
Best Affiliate Marketing Strategies To Make Money
There are multiple strategies that you can apply to get started with affiliate marketing. The goal of every strategy is to engage with your audience and promote your products, but they work in different ways. That is why I wanted to share the most common ways to succeed with affiliate marketing.
Bloggers create content for a specific audience and focus on getting ranked on the search engines. Since traffic from SEO can be extremely targeted and profitable, it’s a long-term investment. The affiliate marketers who use blogging write product reviews and articles relevant to the products that they want to promote.
With simple step by step programs, it is possible for anyone with a desire for freedom, to control their own life through building an online business today. That is why blogging was my initial approach to financial and time freedom.
But, for most people, this is not happening as fast as it could have. So many people still dread going to work every morning, while they can`t seem to get a grip and do something about their situation. As a consequence, they slave their way through long workweeks, living for the weekend, and a few days of holiday a year.
After talking to employed people around the world, I have found that we all have a confidence problem. Our ego and our fears are blocking our road to success. That is why you should also read the 5 shocking secrets your Ego is blocking wealth if you think about creating your dream life.
2. Influencer Marketing
You can do some research to find social media influencers in your niche. After that, you can contact them to create content for your product and add your affiliate link. Off course, the cost of a post depends on the platform, their following, and your niche. The reason this works well is that people trust the suggestions of the influencers.
My second income stream came from influencer marketing. Since I built an Instagram account around my passion for travel and the great outdoors I got Brand deals securing more financial freedom doing what I love.
3. Email Marketing
Email marketing has high conversion rates, but you must build a list first. You can create ads that send traffic to a landing page and get leads. Then, you must create an email series that build trust with the subscribers and promote your products. You can use different traffic sources to build your list like Facebook ads or google ads. The most important thing you need to collect and automate ads is a CRM tool that collects your leads and automatically sends them to your leads through your funnel. I am using AWeber as the most important tool in my business. The automation is what gives me freedom to work and play on my own terms.
If you use this technique, you build a list that you can sell other products too later on. However, I always recommend people to be an affiliate for products they love and use themselves. Because that way you can give the customers authentic extra value by letting them know your experience with the product and company you love yourself.
I learned about email marketing after signing up with the Six figure mentors. This has been my single most financially lucrative income stream. Learn more about this amazing opportunity here.
4. Paid Advertising
If you have a budget to invest, you can use paid advertising. In my experience, it is the fastest way to send targeted traffic to your affiliate links. You can advertise to popular networks like Google Ads, Facebook Ads, Instagram, Youtube, and Bing Ads.
I always test different sources of paid traffic to see which one give me the best result. Then when you get good results from your campaigns, you can use your earnings to scale your traffic.
It is possible to get a good income from organic traffic when you have a large following, but for the best payouts, you should definitely have a strategy that includes paid advertising too. For me, a combination of paid and organic strategy’s has been yielding the best results
The best thing about the combination of paid and organic advertising is that it will grow your social following. That way you increase organic traffic and lower the cost per click for your income streams the longer you keep the ads going.
5. Social Media Marketing
Creating a following on social media and redirecting that traffic to your website or a landing page is another great way to get results. This is what I call organic traffic. As a matter of fact, your social media accounts have the potential to get great results if your content is super relevant to your products. So if you have several products it is a good idea to have separate social accounts for each product to not confuse people about what you do.
Why You Need A Community
Many affiliate marketers try to do everything alone. Sooner or later, they get stuck because in this business everything changes all the time. So, you need to constantly know what the new trends are. Being alone and do everything yourself, it is almost impossible to keep up. In this business, you will never know everything and the most important character treat is to be open and adaptable to change every day.
This is why a community where you can discuss trends, and talk about what is working is essential to succeed in affiliate marketing. This network is all about sharing knowledge and supporting each other. It is my number one resource for anyone who wants to get out of the 9 to 5 and build a lifestyle around Freedom to work from wherever and control your own time.
If you can get advice and feedback from other experienced affiliates, you will avoid easy and common mistakes. Also, they can tell you what works for them and apply that to your business. The Six Figure Mentors. is a community that will take you by the hand and lead you towards the life transformation you are looking for.
Success Stories With The Six Figure Mentors
There are so many people that changed their life by utilizing affiliate marketing. Many of the most successful ones did it through the six-figure mentor’s system. Together with likeminded people, they learn how to transition from struggling employees to fulfilled lifestyle entrepreneurs. Here is a couple of them:
Dan used to work in sales. He was looking for freedom to travel the world and live a better life. That is when he found the six-figure mentors. He had to decide if he wanted to go down the path alone, or if he should do the journey with people that already succeeded with what he wanted. This is his story
Tim used to be a lawyer working day and night. He almost never had time for his family because the business he was working for, needed him there. Tim decided it was time to change how he spent his time while he still had a family. Listen to his story here.
There are many ways to succeed in affiliate marketing and different types of programs. Therefore you will find the best option for you based on your preferences. Also, the importance of a community, support, and guidance from experienced marketers are key to get the best results.
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For the first time in history, each and every one of us has the power to live the life we dream of. So, If you want to learn exactly how to build a life you love using affiliate marketing within a support system that will take you by the hand and lead you to your goal – sign up for this FREE workshop