Have you considered earning money through affiliate marketing? It can be a very lucrative business.
Back in 2008, over $2.1 billion in affiliate marketing fees was paid out to online marketers. Fast forward to today, and that number surely has grown exponentially.
If you could capture a small slice of that market, would your life be better?
As one of the top business opportunities, learning to earn money through affiliate marketing may be one of the best decisions your ever make.
With low start up and overhead costs, you have the potential to generate a massive income.
In this article I’ll introduce you to how to make money with affiliate marketing and some of the benefits you’ll enjoy.
What is Affiliate Marketing?
According to Wikipedia, “Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts”
In a nutshell, you create a website where you can write interesting articles with links to various products. When a visitor clicks the link, you send that person to the merchant website where they buy a product or service.
Each time someone click through your affiliate link and makes a purchase, you make money!
Click here to view a larger version.
[Image provided courtesy of the Sugarrae affiliate marketing blog.]
The amount of affiliate commission you earn is dependent of the rate of the merchant.
For example, Amazon typically pays a low 4% to 8% affiliate commission while other affiliate programs pay in the 75% range or more.
It takes the same amount of work, so choose your affiliate marketing programs carefully.
Top 5 Benefits to Promoting Affiliate Products
Affiliate marketing is truly one of the fastest and easiest ways to get an online business up and running so you can earn recurrent income hands-free is by promoting affiliate products.
When I started earning income through affiliate marketing many years ago, I literally had a single website with one page.
Things were a little different back then, but I was able to get a lot of traffic to that one page and lead visitors to the product website.
I ended up selling over half a million dollar worth of a single affiliate product in one year! Crazy.
And all I did was create a webpage and get traffic.
Here are the benefits of promoting affiliate products:
1 – Automatic Sales Commissions
Your affiliate sales commission, as I mentioned, depends entirely on the merchant. Usually it’s between 3 percent and 75 percent of the sale price of the item.
Of course, the more people you lead to the seller, the more money you can earn. And you always want to remember that it takes the same amount of work to promote a low commission affiliate product as it does a high commission product. So choose carefully.
2 – Earn Recurring Profits
One advantage of affiliate marketing over network marketing is that you don’t have to purchase any of the products if you don’t want to. Your sole task is to get traffic to your website and then lead your visitors to the website where they can purchase the products.
Think of yourself as a middle man that earns commissions without having to work as a door-to-door-saleman.
3 – No Inventory Required
One of the biggest advantages of earning money through affiliate marketing is that you don’t have inventory and you are not responsible for shipping or returns.
You don’t even have to collect the money! Do you love that benefit as much as I do?
4 – Whenever Somebody Buys, You Get Paid
All you do is lead a potential customer to the merchant website where they buy the products! Then you earn a nice commission on the sale.
As you can probably infer, affiliate marketing is a high profit business because you don’t have any overhead or anything like that.
5 – You Can Become a Super Affiliates
Have you ever heard the term “super affiliate?” These are affiliate marketers who do so well financially that they quit their full time jobs and just do online affiliate marketing.
I left my job a few years ago and never looked back!
The Best Way to Earn Through Affiliate Marketing
So how the heck does one do affiliate marketing?
Well, there are a couple of ways to go about this and I’m going to share both with you.
Affiliate marketing with no leads
You can always work with an affiliate marketing model where you do not get any leads to build your own list.
It’s pretty simple to do. For example, let say you are an Amazon affiliate. You write an article, grab a link to a product that makes sense and off you go.
When someone clicks your affiliate link, you earn an affiliate commission.
The downside is that you have no clue who that person is and have no contact information to build a relationship with them. Building a relationship is important because you can then market to them in the future.
Affiliate marketing with leads
On the other hand, there are some affiliate marketing programs where you can get your own leads prior to sending the visitor to the affiliate merchant website.
For example, the merchant provides you with a capture page that you can integrate with your own email autoresponder. Then a visitor has to enter their name and email in order to get the information.
Now, you have sent your visitor to the merchant website but you also have a lead of your own that you can market to in the future.
My favorite program is:
- My Lead System Pro (MLSP) – Helps home base business owners with lead generation by implementing attraction marketing through various training programs.
I highly recommend it as way to not only educate yourself about online marketing methods, but you have the potentially to grow your list and earn substantial income through their affiliate marketing programs.
Finding innovative ways to earn money online isn’t as hard as you think.
Promoting affiliate products is one of the fastest and easiest ways to earn money through affiliate marketing techniques.
Have you considered affiliate marketing as another income stream? What are your thoughts about it and have you found success? Leave a comment.
If you’d like to have access to even more powerful marketing tips, as well as a way to generate conversion-ready Internet marketing prospects each month, click here to learn about my done-for-you system.
You may also like: