Working at the comfort of your home and earn while you sleep has been a dream for most of us. If we are all permitted for the said set-up, then we’d probably ditch our 8-10 hours shift at work and spend the rest of our lives doing what we want with no worries. However, may it be office work or working at home, both require risks and commitment.
Affiliate Marketing is one of the successful and proven methods which lets you work anywhere you want while making money online. If done right, Affiliate Marketing is key to earning money without constant work. So if you are ready to dive in and learn the ropes of how to affiliate marketing and how to make money affiliate marketing, then this article is just what you need.
The Basics of Making Money in Affiliate Marketing
Affiliate marketing is the simplest way to earn money online. Whether you aim to be an affiliate marketer, a merchant, or both, it’s a win-win for you. You’ll surely earn huge if done the right way. Here we will lay out the path by giving you an affiliate marketing step by step guide so you can make a head start. Heed to these simple steps to back you up in your affiliate marketing career. Let’s get started!
Which Role You’d Like To Take In?
Affiliate marketing has three parties involved- the product creator, affiliate marketer, and the consumer. We will only discuss the role of being the product creator or merchant and the affiliate marketer. The consumer only gets in the picture to complete the process cycle.
First, define which role you’d like to take. Are you the one who wants to be the product creator or the one who will advertise the product? There’s a huge difference between the two. It takes a lot of resources being the product creator. Of course, product creation is on you. And you will aim to sell it to your target audience. Sounds easy but it carries complexities. A sound mind is a requirement and thorough research.
Whereas, being an affiliate marketer, you’ll just invest with time and effort to engage your target audience to buy your product. Let’s see what’s in store for you if you want to become a seller/product creator.
Be A Product Creator
Step 1: Find a profitable niche
Take all the ideas you can come up with and sort out which product you would like to focus on. You don’t need to be a genius to come up with one. Every product does not have to be unique either.
One thing that you can opt for is a product enhancement. For instance, you want to create a new brand of television. We all know that there are various brands of TV in the market today. But that’s okay. You do your research through reading in the forums and take all the “cons” you can get.
From there, using the cons, you plan to create a TV product which you think will be more productive for the consumers. A TV product with an edge from the existing brands in the appliance stores today. Given that smart TV’s have YouTube and Netflix, you may add other widely used apps on the TV you are about to launch. You can consider Spotify or any other binge-watching movie apps.
We do have dedicated lessons on this topic, check our Online Entrepreneur Certification Program lesson 3-4. Watch video training!
Step 2: Product creation
This is the biggest step on being a product creator and seller at the same time. By the time you get your product validated, you may proceed on the next step – product creation. This phase will have most of your time and money if you opt to launch a physical product. This is the complex part, that’s why you need to have thorough research and sound judgment. However, if you are on a tight budget and have limited resources, you can still create digital services and products like coaching, e-books, etc.
Step 3: Find affiliate partners
This is probably the last part where you will need to find affiliate marketers and program partners to endorse your product. It is the easiest as there are various programs you can join in or famous influencers to partner with.
The role of a product creator isn’t an easy task. So we’ll take things lighter now and get started with how to be an affiliate marketer.
Be an Affiliate Marketer
Step 1. Do your research. Find an affiliate program that suits you
An affiliate program is a middleman between the affiliate and the product creator. Before you proceed with enrolling in a affiliate marketing program, you need to define which niche you will focus on and which affiliate program caters to your chosen niche. How much will you earn as a commission? How will you benefit from this program?
If you already figured out the answers mentioned above, then apply for the affiliate program that best suits you. From there, you’ll be given an ID or username. You will now have access to generate links you can use to promote a certain product. By then, you’ll start to earn your commission.
Step 2: Start a Product Review blog
Do you have a blog? That’s the most essential possession you should have if you want to start your affiliate marketing career. Begin with reviewing products. There’s a lot of products you can choose from. When you are all set, make a creative blog review out of it. Be honest and precise – that is how you’ll get your followers to read more of your work. Engage them to buy the product and try it themselves.
If you don’t have a blog, then it’s time to consider building a website and publishing your first content. You can also opt to make YouTube product review videos. Let your creative juices flow and give the audience your honest to goodness review. Include in your blog or video an affiliate link that will direct your potential clients to buy the product. Once they click the link and purchase, that’s the time you’ll start to earn your commission.
Step 3: Widen your range. Grow your audience.
Build an empire. Make your presence known in different social media platforms. The more followers or readers under your wing, the more potential clients for you. And by that, it means more revenue for you too.
One of the good things about having a huge number of followers is that you get to have a long list of email subscribers. It is essential to keep your readers up-to-date on what’s new and trending on your chosen niche.
Have You Decided Yet?
So have you decided which path to take? Would you like to be the merchant or the affiliate marketer? Take your pick. The bottom line is whatever role you’d like to play, it all goes down to one thing: commitment. To make money online is to invest time and effort.
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