If you’ve been wondering how to retire early and never have to worry about a job again, you may be searching the internet for ways to start an online business or scam-free ways to earn money online. You may even be totally overwhelmed with all the information available. There are hundreds of ways to earn online these days!
But let’s narrow it down a bit and explore what I consider the method with the lowest investment and greatest earning potential: affiliate marketing! The topic of affiliate marketing is very expansive, but this video really provides a great explaination and overview:
What Is Affiliate Marketing?
In a nutshell, affiliate marketing is when you promote other people’s products or services (usually online) and get paid a percentage of the sale. There are thousands of affiliate programs online in virtually every industry and niche, allowing you to really monetize your interests.
Online shopping is a huge market that is growing with each year. Billions of dollars are spent on shopping online each year, and this is just the beginning. As an affiliate marketer, you can get a piece of this action… without having to have your own products, worry about shipping, fulfillment, returns, dropshipping, or ANYTHING except sharing your affiliate link with your audience!
Affiliate marketing is the way many bloggers earn income online as they become affiliates for products and services that relate their blog content. For example, a financial blogger might become an affiliate for a credit repair company or tax software. A food blogger might be an Amazon affiliate and promote cookbooks or cookware on their blog. You get the picture…
You, as an affiliate, are essentially the middleman (or middle woman) between the customer and the seller.
Here are some benefits of becoming an affiliate, as opposed to creating your own products/services:
- No cost (or shouldn’t be anyway) to sign up as an affiliate
- No overhead
- No handling of customer payments
- No product fulfillment whatsoever
- No dealing with any customers… period.
- Turn your interests into profits
Basically, your responsibilities as an affiliate are very limited, so you have very little (if any) stress. You have the ability to scale up your offers, add more offers to your portfolio, increase your visitors, and really earn whatever you desire.
Affiliate Earning Potential
Are there no limits with affiliate marketing, which is why so many affiliates are earning six and seven figures by just recommending products or services to their audiences.
Affiliate programs all have different commission structures, they can range from 5% to 75% or even more. It really just depends on the individual program.
Some affiliate programs pay upfront, one-time commissions (such as Amazon), while others pay recurring commissions. These are the real goldmines as you can get paid over and over from just one customer you refer. For example; subscription-based offers that charge customers on a monthly basis. These kinds of affiliate programs can really increase your income dramatically.
Additionally, there is no waiting months or years to turn a profit in affiliate marketing. If you promote your affiliate offer (link) and get a sale the first day, you can get paid that same week or month, depending on how often that particular affiliate program pays out (some are net-30, others are weekly).
As an affiliate, your main goal is to drive traffic to your offers by means quality content in any shape or form.
Although you don’t necessarily have to have a blog to be an affiliate, it does help you get approved to many affiliate programs. All you really need is an audience and an relevant offer your audience wants or needs.
Essentially, you are just giving people what they want (offers they care about). If you have a specific audience on Pinterest; for example parents of newborns, you can find affiliate offers for baby items and promote to your audience.
For the most part, there are really no requirements to become an affiliate for most programs. Many independent affiliate programs will approve you immediately, but some want to know how many visitors your site gets per month and how you’ll be promoting their offers. You won’t get approved to every affiliate program you apply to (even I don’t), but there are SO many that you are sure to approved to some.
It’s very helpful to have content writing, video, or graphic design skills so that you can provide content that attracts your target audience.
Free Affiliate Marketing Training
You may be wondering what the big deal is about learning affiliate marketing, but there’s a little more to it than just putting offers in front of people – how do you really get people to purchase your affiliate offers?
You can’t just spam people, as you’ll lose your following and even possibly get your account flagged and even deleted.
It really comes down to providing your audience with value, and the most common way is through quality content. As mentioned above, this can be videos, blog posts, social media content, etc.
But how do you get YOUR content seen on the noisy, content-overloaded web? How do you get YOUR offers to stand out and build a relationship with your audience?
Wealthy Affiliate is a free platform that teaches you everything you need to know about how to become a successful affiliate marketer. I’ve been a member since 2013 and host all my blogs there and have learned so much!
Affiliate marketing is one of the few ways to earn serious income online with minimum stress and responsibility. You can choose an industry of your choice and start profiting very quickly.
With thousands of affiliate programs online in every niche, there is truly an unlimited income opportunity available at your fingertips – all with virtually no start-up fees. Wealthy Affiliate offers the best affiliate marketing training for beginners with free courses that help you pick a niche, research profitable keywords, and create quality content.