What Is Affiliate Marketing?
Affiliate marketing is getting paid to market someone else’s product and earn a commission from that.
There are tons of affiliate networks that curate a wide range of goods provided by businesses who are happy to pay an affiliate marketer for promoting their products.
Businesses do this because it is an excellent way to get high-quality marketing for cheap.
Affiliate marketing is an excellent way to get started because you don’t have to sit on any product, you don’t have to worry about packaging and shipping, all you have to do is to market the product.
Make some squeeze pages and then send some highly targeted traffic.
Who is Affiliate Marketing For?
For many people, this is the best way to get into an online business.
If you always wanted to work from home but didn’t think you could do it this may be your best option.
It doesn’t take tons of time, so after work and on weekends you can put in some time.
It will also have the lowest overhead, and every dollar you spend will go towards driving traffic to your offers. (Initially)
Ideally, you would rather not send your traffic directly to the affiliate offer.
If you plan on scaling your online business, you will want to send the traffic to your web page before directing it to the affiliate offer so you can try to collect the visitor’s email address so you can market to them repeatedly.
You will need a way to set up landing pages, so you can start building an email subscription list and host the landing pages for your offer.
You can buy domains or use cloud based page builders to host your squeeze pages.
The Mistakes That People Make
There many mistakes that people make when they get into affiliate marketing.
The top mistakes that people make are that they simply don’t have any idea what they’re doing.
They don’t know anything about Internet marketing, and they don’t know which metrics they need to look at when picking an affiliate offer, many don’t even have a plan of attack.
Avoid these type of mistakes by educating yourself on the process, and don’t rush into it.
Learn the basics first before you blindly start an affiliate marketing business so that you can hit the bricks running and hopefully skip part of the learning curve.
But, don’t feel like you have to be 100% ready.
Just get to somewhere around 60-70% ready and then start going to town.
It is more important that you get started than it is for you to get it perfect on your first try.
There will be plenty of time to make adjustments to your business as you learn new things.
How To Get The Most Out of Affiliate Marketing
Getting the most out of affiliate marketing takes developing a few skills.
The majority of people who get into affiliate marketing have no idea what they’re doing. Most of them have no Internet marketing background at all. Many don’t even realize that they’re going to need traffic.
The top two things you need to focus on are which affiliate offers will you promote and how will you drive the traffic.
Once you have those two things figured out is time to test them out in the marketplace to see how things play out.
One thing you have to realize is that it takes a lot of split testing and some trial and error to wind up with a marketing campaign that converts well for your affiliate offers.
Get ready to do a little bit of work.
Focus On Higher Paying Options
It makes far more sense to focus on higher-paying affiliate offers because it typically will have the highest return on investment. You get more commission, and typically it takes just as much work to promote a higher ticket affiliate offer as it does a lower cost one, so your time is better spent on the one that will give you a higher commission rate. The higher your commission rate more money you will make in the long run.
Get The Math On Your Side
So you have found a high-paying affiliate offer but do you know how well it performs?
Not all high-paying affiliate offers are created the same, and they don’t have the same level of return on investment.
That is why you have to get into the math of it all.
You need to look at how many clicks it takes to get a sale, how much it cost you per click and how much does it actually cost you to get a single sale on your affiliate offers.
Running the numbers will let you know if it is profitable and worth your time to promote and offer.
Price alone does not tell you that.
Focus On Paid Traffic
We can talk about high-paying affiliate offers all day, but it doesn’t mean anything if you do not know how to market them. Many people are looking for a free way to market their affiliate offers but, typically those free methods take a long time to work, or they take a ton of labor.
The big boys in the industry focus on paid traffic because pay per click equals instant traffic.
The more traffic you can bring to your offer the more money you will make.
Find Good Companies
One way to increase your chances of success as an affiliate marketer is to find high-quality companies to work with.
There are tons of affiliate products and networks who curate these offers, but they’re not all created the same.
Many of them will not be reliable, they’re not the big boys in the game, and it will not help you reach your goals.
Find those affiliate companies truly know what they’re doing, who have experience and who have the type of affiliate offers that will lead to high profits and a lot of money.
Put This Into Action
One of the major problems that people run into is that they acquire some excellent information, it makes perfect sense, it sounds easy enough, but then they never take action.
Therefore, tons of people will read an article like this one, but very few will ever take the next step and do what the article suggests.
Hopefully, you are the type of person who takes action and puts this information to use.
Action takers have a much better chance of succeeding in business than the ones who won’t implement what they learn.
Which One Are You?