Affiliate Marketing – The Smartest Way To Start Your Online Business!
If you are not currently doing affiliate marketing then you are missing a lot, because affiliate marketing is one of the smartest ways to kick start your online business. This is so because it cost you little or no startup capital to get started. So, if you are a newbie and you are willing to start earning some income online, then the best place to start from is Affiliate marketing, and all that you need to get started are what I will be explaining to you in this article. So, let’s get started.
What Is Affiliate Marketing? In simple term, affiliate marketing simply means promoting other people’s products or services and getting paid a commission for any sales you make. This means for every sale you make you get a commission for it. Most of the time the commission varies, depending on the product and the terms and condition the product owner put down, but most commissions are usually between 20% – 75%, and in some cases, you can get some products that pay as much as 100%.
Affiliate marketing evolved from the simple concept that if another website sends you a visitor and that person becomes a customer of yours then you should say thanks to the other website by giving them a small piece of the pie.
Affiliate marketing has now become a lot more complex than what it used to be, but the basics are still the same. You want as many sites as possible to be shouting about your products or services to their visitors so that they can become your customers, and then in return, you pay a suitable reward to that site based on your business profitability and margins.
However, before you go into setting up your Affiliate Marketing Business you need to understand the following; they are the 3 Vital Ingredients of Affiliate Marketing.
3 Vital Ingredients Of Affiliate Marketing
- Have full knowledge about the product and service you are promoting
- Get the right tools for yourself
- Finally, believe in yourself
Ok, I will explain these three below briefly;
- Full Knowledge of the product/service you are promoting:
This is very important because it will help you to have full authority on the niche you are focusing on. You will be able to represent the product/service you are promoting well. The truth is you don’t want to sell to your audience a product or service that you don’t use or know nothing about.
So, you must do good research about the product or service you want to recommend to your audience, that is not going to hurt you and it will help you to protect the interest of your audience as well as your reputation too. Of course, I agree with you that it is not all the product you will be able to purchase, but you can simply ask the product creator a little information about the product, you can ask for samples if there is, or you ask questions about how it works, how effective it is, and some proof of its effectiveness. These are what you will hold as your promoting power, it gives you more confidence when talking about the product.
- Get the right tools for yourself:
Getting the right tools are very important, as this will help you to fast track your success in this business. But first, you need to know the method you want to use in building up your business, are you planning to build it up using a blog or by creating a landing page for it. What will be your source of traffic; are you using the Free or Paid Traffic method, or you are even using the 2 together. If you are not having the right tools, doing all these might be very difficult for you to do.
- Believe in yourself:
Of all the 3 major ingredients needed for Affiliate Marketing Business, the most important one is this – Self Believe, this will help you yo Brand Yourself and also brand your business. To be truthful, just like every other business, it is not always easy to get started. You will always be faced with different challenges. You will get to a level where you will want to give up, most especially when you notice that you are spending more to set it up and you are even yet to make a single sale. In a situation like this, the only ingredient that will keep you moving on is your personal belief that you can do it, that you will be successful with this business.
Your self – believe will help you see the possibility in what you are doing, it will help you seek different ways to be successful in this business. So, you need to know that this is what will keep you moving on, the truth is, it might not come that easy, most especially if you are not having the right tools. You might not see the results immediately (by the result I mean getting commission), but you will know you are making progress day by day.
All you need to do is to continue putting more effort and keep encouraging yourself. You should understand that you are building a real business for yourself, and building a real business requires time and money (just a little startup capital). I tell you, once you get it right from the beginning then the outcome of what you get will amaze you. It will keep on working for you for life, totally automated.
Setting – up Your First Affiliate marketing Business:
Like I explained earlier, affiliate marketing simply means picking a very good product that will provide value to their audience, and promote it to them then you get paid for it. But, it is not as easy as that sounds, you need to have the exact skill to get started. You need to know how to set it up and run it successfully.
In the past, the normal way to go about it is just to get the product affiliate link you want to promote and send traffic to it, and then you get paid for every sale you make. But in recent time the game has changed. This is so because if you go using the old way, you will find it difficult to break even on time, and you will spend more money and time before you can achieve this. In most cases, people give up even before they get to the breakeven point, which is the reason for you to know the modern way of Affiliating Marketing.
The Modern way of setting up Affiliate Marketing:
The following are the things to look out for when starting an affiliate marketing business;
Picking the Right Product to Promote: This is very important. Remember the whole idea about affiliate marketing is not just about making money; it is majorly about adding value to your audience. So, the interest of your audience should be your main priority. They trust you and believe you that is why they are ready to use the product you recommend to them. So, keeping this relationship is very important for you. The best way to keep the good rapport with them is by sending good products that will be of great value to them, their personal life or Business.
But, how and where do you find the right product?
This depends on your Niche; however, there are some good platforms now that are known for quality products. All you need to do is just to sign up with them, check out some products in the area of your niche, do a little finding of the product, then generate your affiliate link and promote. Some of these platforms are Clickbank, JvZoo, Warrior Plus, Cj, Amazon, etc. As explained earlier, all you need to do is to sign up and pick your affiliate link for your preferred product and promote. I have said this before, and I will still say it again; you must do a little finding of the product you want to promote before you start doing that.
Setting Up Your Pages: Yes, this is where most people make a mistake, and this is one of the reasons they find it difficult to break even. Most affiliate marketers send traffic directly to the affiliate link, which is the sales page of the product owner. This is the old method of affiliate marketing. When you send traffic directly to the product sales page you lose more money. Yes, you lose money because not everybody that visits the sales page will purchase immediately, and for the few that purchase you only earn commission once on these few, thereafter you lose them to the product owner.
So, the best thing for you to do is to stop sending traffic directly to the product sales page, instead, send traffic to your landing page which should be an opt-in page, and from there they can now be redirected to the product sales page, but only after you must have collected their contact information. Collecting their contact details will help you to follow up on them till they can make a purchase, you also have the opportunity to sell them more products in the future. This is so because they have subscribed for your email messages, so, each time you have a new product that you feel it will be of benefit to them, you let them know about it via email.
The contact details collected, which usually include Emails are what you put together to form your email list. Your email list is like your money bag, that is your asset, it is what you need to be successful online. Once you have successfully build your email list, any product you sell to your list is 100% income to you. This is so because you are not spending money on adverts again. Building your list is very important, that is why they usually say “money is in the list”, in short building the list is the most important part of this system. As an affiliate marketer, your main focus should be on building the list.
Setting up your Autoresponder with your Email Series: As soon as you start building your list, the next thing you should start thinking of is to build a good relationship with your subscribers. Yes, you need to build a good rapport with your subscribers, then send them some recommendations that will be helpful to them or their business. All these are done easily with the help of your Autoresponder. So, you preload your Autoresponderer with your well-written Email series.
The work of your autoresponder is to send your email series to your subscribers just according to how you have programmed it. Like I have explained earlier, it is not about “getting the rich program”, or “a turnkey system” that you find all over the internet. There are so many programs out there that promise a lot and they deliver less. You will see a lot of “how to make money online”, “how to get rich now programs”, “how to make money as an affiliate marketer”, “How to make money with JvZoo”, “how to make money as a Clickbank Affiliate”, “How to Make Money with Warrior Plus”, “How to make money promoting Amazon Products”, etc. All these and many more are out there, but very few are there to tell you the real process on how to go about it.
So the first thing to do after building the list is to build a good relationship with your subscribers, then after that, you can now start sending them your well researched recommended products which will add value to their life.
Traffic: this is also very important of all. Without traffic, there are no sales, and no sales mean no commission for you. Traffic driving is the act of sending people to your web pages to see what you have for them that can add value to their life. This is where most people usually get stocked, and the reason is they have little or no idea on how to go about it. Traffic generation can be gotten using 2 different methods; The free traffic Generating method and the Paid Traffic Generating Method.
Free Traffic Generating Methods: this comes with no cost, it is free, but not free. Let me explain that better; it is free in the sense that you are not paying any dime for it, but it is not free because you will be spending more of your time to achieve this. It is highly time-consuming and the result is always slow.
Paid Traffic Generating Method: This is highly effective. You buy your traffic here. You spend money on ads to drive traffic to your web pages. The result is faster compared to the free method. So, you should start with this method if you have enough capital for it, but if you don’t have enough capital you will have to give your time, and the free method is what you will need to go for. When it comes to generating traffic, either paid or free method, the source of the traffic is also very important. There are different sources where you can generate traffic, most of which are through the social media methods, such as Facebook, Google, Instagram Video marketing, Youtube, etc. we also have the solo ads. All these sources are productive, but, we need to know how to go about it so that we get it right.
Finally, Affiliate marketing is one of the easiest ways to start up with online business, however, you need to know that it involves a lot of learning process and give it time to grow. That is why you need to believe in yourself and be consistent in what you are doing.
There are also tools which you can get that will help you fast track your progress in Affiliate Marketing, but you need to make sure you get the right ones. We have so many software out there that promised a lot but are giving less result. So, you need to do your research well before you purchase any software. If you can get the right software it will help you to save a lot of time and money. For instance, we have software that can help you set up all the web pages with all graphics within minutes, there are some for traffic, we even have some that will handle the complete system.
However, you must get the right one, and if you don’t have enough capital to get some of this software, you can still start by doing most of the job by yourself. The most important thing is for you to act!
Please feel free to ask your questions in the comment box. Thanks