So what’s all the fuss about affiliate marketing?
A few reasons. It’s growing like CRAZY!
Get this: Did you know that according to Forrester Consulting, the affiliate marketing industry is slated to grow to 6.8 BILLION by 2021?
That’s huge right!? Plus…affiliate marketing is simple to get started and something anyone can get their head around.
You find a product or service that you can promote to potential prospects and every time you generate a sale, the product owner or supplier pays you a commission.
Being an affiliate marketer is kinda like an online version of being a self employed sales person for whoever makes or supplies the product that you are pushing.
You don’t get paid until you make a sale and you must cover all your own costs but as long as you manage to sell stuff, affiliate marketing can be a very lucrative business indeed.
Personally, it’s helped me bring in over 6 figures of revenue over the years.
Works for the Pros and for Complete Newbies
It doesn’t matter whether you are a complete online beginner or a more seasoned old hand, there is plenty of money to be made as an affiliate marketer and many advantages to the business model as well.
For instance, because you are promoting an existing product or service, you do not need to create a product of your own which is probably something that most online ‘newbies’ would find all but impossible.
Furthermore, because most product creators or suppliers have an existing web page to which an affiliate can send visitors, you don't have to worry about taking days or weeks to create a sales page or hire a professional copywriter that'd set you back at least $1k.
If you want to start making money online with little risk, little start-up costs, you can start doing so pretty much straight away as an affiliate marketer.
On top of this, because there are affiliate programs in almost every market, it doesn’t matter what kind of product you want to promote as it is likely that there will be an affiliate program that matches your objectives.
How to Get Started Making Money in 2018 with Affiliate Marketing
Step 1: Is your “infrastructure in place”?
There's five tools you should have to get started.
We detail those 5 tools here in our blog post 5 Top Affiliate Tools – Make Money Online Affiliate Marketing
I’d suggest you start with those tools.
Step 2: Start with the products you use and love
Now that you have the infrastructure in place, it’s time to start thinking about what products and services you’ll promote. For most business owners, that starts with the products you’re already using.
· You know the pros and cons of them and can speak about them with authority
· You’re already a fan—and fans make much better evangelists than anyone else
· Buyers will trust your recommendations knowing that you use the product
Think about the coaches and mentors you follow online. You’ve likely seen them promoting affiliate products. You may have even purchased some of them. And by far the most effective promotions are those that maintain their authenticity.
You’re more likely to click through to find out more about a product or service if the email or blog post is authentic and transparent, sharing not only the good but also the bad.
You can’t write or speak with authority unless you’ve actually used the product or service.
Step 3: Don’t Be A Scaredy-Cat…Shout from Your Rooftop!
One of the things some of us have a hard time with is…
Flip the switch, instead of thinking you’re too forward, imagine how much you are HELPING your friends, readers, list with what you are promoting.
For instance, we are in LOVE with Convertkit as our email software (and we’ve tried and used about every email autoresponder on the planet so we do speak from experience!).
So it’d be a shame for us to not shout from our rooftops about how great Convertkit is and how it can help you right!
Step 4: Get a Mentor or a Trusted Training on Affiliate Marketing
One of the best ways to learn something and get good at it is by being mentored by someone who is “the real deal” and has a proven track record.
Kara and I bought this very powerful course on affiliate marketing and we highly recommend it.
Michelle earns over $50,000 a month through affiliate marketing, and she shares all of my best tips in this course.
In this course, there are 6 modules, over 30 lessons, over 20 worksheets, bonuses, an extremely helpful exclusive Facebook group, and more, and she goes through everything when it comes to affiliate marketing, such as:
- What affiliate marketing is and how it works
- Why affiliate marketing is great
- The exact steps she's taken to earn over $300,000 from a single blog post
- How to pick the right affiliate products to promote
- How to increase conversions
- How to build trust and not lose followers
- Required disclosures that you need to know about
- The one major tool you need for affiliate marketing
- Different strategies to use to promote your affiliate products
- How to use Pinterest to succeed at affiliate marketing (yes, this includes the newest Pinterest affiliate rules!)
So hey if it works for us..we think it will work for you too!