So you want to get going with your online business! Where do you start? Promoting affiliate products is the easiest way to get started with online marketing.
You can earn money without any of the responsibility of creating your own products or shipping anything.
Affiliate products are a wonderful way to start to because other people own these products and are responsible for payment, shipping, returns and customer service.
Any product is an affiliate product. For example, I am an Amazon affiliate. This means that for business purposes, every product sold at Amazon is an affiliate product that I can promote on my website or in social media or some other marketing method.
Here’s my favorite part of promoting affiliate products: you get a commission each time someone buys a product through your affiliate link.
You may wonder what an affiliate link is. It’s a link that is provided by the merchant, that has a special code embedded which connects that sale to you.
When a person clicks your link and lands on the merchant’s website, if that person makes a purchase, you make money!
5 Big Benefits to Selling As an Affiliate
Selling as an affiliate comes with benefits and it’s a great way to get started with your online business. Here are five benefits that you’ll enjoy:
1 – Focus On Automatic Sales Commissions for Big Profits
One of the biggest lessons I learned in promoting affiliate products is this: it takes the same amount of work to promote for a 50% commission, as it does for a 3% commission.
Affiliate commission structures are all different so choose wisely. Be sure to read the terms of the affiliate agreement before jumping into promoting products.
There is a big range of commissions in the affiliate marketing community. You’ll see everything from 3% or 5%, up to 75% of the sales price.
Which of those would you prefer to make for your affiliate commission?
For example Amazon pays out between 1 percent and 10 percent depending on the product category. It’s a great way to get started but you’ll put a lot of work in for a small commission.
Once you decide on a product to promote and sell, get as many people to click the link as possible. This leads more customers to the merchant, which leads to more sales and more commissions for you!
Here’s the amazing part. Once you create content and get your affiliate links out there, they stay there forever! So the work you do today, can earn you money for a long time going forward.
I still earn income from blog content I wrote in 2009! Seriously.
2 – How to Get Recurring Profits
You don’t have to buy anything at all to get recurring profits.
Just keep leading customers to other people’s products using your special affiliate link. Here’s the catch: if that customer goes to the merchant website after first purchase through your link, you make money!
Have you heard of cookies? Not the chocolate chip kind!
According to Wikipedia, Cookies is an affiliate marketing technique in which, as a result of visiting a website, a user receives a third-party cookie from an entirely different website (the target website), usually without the user being aware of it. If the user later visits the target website and completes a qualifying transaction (such as making a purchase), the cookie stuffer is paid a commission by the target.
So you see, when you lead someone to the merchant website, you can get paid from subsequent visits where the same customer made another purchase.
3 – No Upfront Costs or Inventory is a Huge Benefit
Having zero inventory is one of my favorite benefits of promoting affiliate products. There are no products to buy and warehouse and no inventory that you are responsible for.
Do you love that idea? Just the thought of schlepping to the post office is overwhelming.
All you have to do is lead potential customers to the merchant website. Here’s all the bothersome stuff you DON’T have to do:
- Collect money from customers.
- Handle actual products.
- Provide customer support.
- Have a team.
Really, all you have to do is promote your affiliate links via your online content.
Sound good so far?
4 – When Someone Makes a Purchase, You Get Paid!
Affiliate marketing is very profitable business model. Here’s why.
All you do is lead a person to the website where they can buy the product they want and you make money.
That is simply how it’s done.
There are many online businesses that make more than six figures annually just with affiliate marketing.
5 – You Can Rise to Super Affiliate Status
Can you imagine living the true Internet lifestyle?
That’s what many Super Affiliates enjoy. These are people who make over a million dollars a year.
Promoting affiliate products certainly has it’s perks. The top affiliates make most of the commissions of course.
You should definitely set a BIG goal for yourself to rise to super affiliate status so you can enjoy that lifestyle too.
The crazy thing is, that it’s doesn’t require a college education or anything like that.
Promoting affiliate products levels the playing field for everyone who chooses to participate. If you have an Internet connection and the ability to create content and use social media, then you too can be an affiliate marketer.
There is an endless supply of customers globally.
All you have to do is find ways to connect those potential customers to the merchants products. You do that through a variety of online marketing techniques like blogging, video and social media marketing.
Today I shared some powerful benefits of promoting affiliate products.