You may’ve heard the term affiliate marketing in the past, but you may not completely understand what this is. Well, I can tell you that as an affiliate marketer myself, it’s something few, few, few people know how to properly utilize but when you master this craft you will create a legitimate full-time business.
Which is why it wouldn’t hurt looking into it if you wanted to fire your boss.
What is Affiliate Marketing?
In another article I talk about making money by creating and selling your own products.
But selling one’s own products creates only one of many cash flows.
Why sell yourself short?
In fact, you should be looking to create as many cash flows as possible and one of which is to sell someone else’s product.
Wait, isn’t this no different from a stressful sales job?
Thankfully no, because if it was I’d probably be working as a general manager at a corporate fitness center and living a life of stressful misery.
Who wants that?
Instead, affiliate marketing involves talking about, promoting, and reviewing products that are similar and relevant to your niche while providing a link for your readers to buy if they’re interested in the product.
Oh, and chances are, they’re interested since they came across your site and are actively researching the product.
They’re going about their research and you have an affiliate program on say, Amazon.
Amazon has tens of millions of products.
Say your niche is in fitness nutrition and hey, you use a really cool Magic Bullet.
Well, since your niche is fitness nutrition, why not write an article about a few shake or smoothie recipes you put into this Magic Bullet blender and talk about how well your experience is with the product?
They sell these on Amazon, and say if the reader clicks through to Amazon to view the product and buys it.
Amazon made money, but you also made a commission.
This is just one of millions of examples.
eBay has an affiliate network. Many of your sports websites do, too.
The list is endless.
How does all this work?
Well, affiliate marketing starts with a merchant.
In our fitness nutrition scenario, a prospective customer looking for reviews on a Magic Bullet clicks to your website and reads your review.
The customer clicks through and buys the product, or on Amazon, you’re cookied in, meaning a user might buy a few products.
Amazon makes some money, you earn a commission for the product sold.
That’s the cycle of affiliate marketing and you can talk about anything under the sun so long as it’s in your niche, which is even cooler, by the way.
Advantages to Affiliate Marketing
I’m sure you want the whole nine yards here, so what makes affiliate marketing so awesome?
For one, you don’t have to worry about inventory, designing the products, or any of the dirty work you see in warehouses. Trust me on that last point, because dirty warehouse work blows.
Some affiliate programs pay up to 50% commissions, which means you’re literally splitting profits. Some pay even more.
They’re free to sign up for and all you need is a blog to get started.
Affiliate marketers who stick to this for the long haul will experience the snowball effect as they gain authority for their niche. This effect is reminiscent of a snowball rolling downhill at a breakneck pace, growing in size.
The upfront costs of building an affiliate blog are beyond minimal, tens or even hundreds of THOUSANDS of dollars cheaper than a traditional business.
Once established, you can literally make money while you sleep. Ain’t that a relief?
You can work from anywhere, as long as you have a laptop and access to the internet. Imagine working from a library, your living room, or even vacationing in Europe?
Disadvantages to Affiliate Marketing
The product isn’t yours so they company or product you’re promoting on your niche site may fly by the wayside at any given time. This will force affiliate marketers to look for other avenues or perhaps even find another niche to build a blog around.
Some companies pay little commission, as low as 6%.
If you’re promoting a narrow line of products, you have to continually strategize to obtain traffic. This can be time-consuming and might cost some hard-earned money by paying for traffic.
Affiliate marketing won’t make you a living overnight and few make a sustainable living in their first year or two. You have to realize you’re going to be working for free for quite some time, depending on the niche. In other words, you need to commit yourself to a schedule.
In My View
Affiliate marketing has many opportunities since we have a passion that we love talking about.
For this, it’s so easy to build a blog and talk about our passion, as I do at The Helmet and Jersey Stop.
In this case, why not build a blog and talk about what we love while in time, making money and perhaps even a full-time income from our passion?
I’ve seen so many niche sites promoting products within affiliate networks, whether it’s CBD, Make Money Online, fitness, relationships, health and wellness, or even ones that I would never think of like early childhood care, RV’s, men’s shoes, women’s shoes, the list goes on and on.
These days, building a niche site is easy and exciting while vibrant affiliate marketing communities exist in efforts to lift others up and help them succeed in talking about and making money on their passion.
I know there are many who may scoff at affiliate marketing, claiming the only path to making a decent living involves slaving away on someone else’s time, working for a fraction of profits while another individual or company makes bank.
I’m here to tell and even show you that this isn’t the case and all it takes is a little research and a lot of work in your free time.
But fun and rewarding work, because after this uphill climb, affiliate marketing can and will set you up for a full-time income.
What to Look For?
Now that you know all about affiliate marketing and selling your own products online, it’s time to start building traffic to your site.
You can get a head start at the Wealthy Affiliate University which comes with several site networking forums like SiteComments and Need Website Comments, SiteFeeback, and Get Feedback on My Site, but you also need to branch out and gain organic traffic.
WA can show you this as well, but I’m also here to show you a few strategies I’ve learned over the years, myself.
Ready to learn a few techniques to master the affiliate craft?
Hold on, it’s going to be a fun ride.