Did you know that affiliate marketing is one of the most popular tactics for making money online?
81% of brands rely on their affiliate programs which shows the undeniable affiliate marketing evolution. If you want to step in the game and learn what it takes to become a successful affiliate marketer then keep reading.
What Is Affiliate Marketing And How It Works?
In this post, I’ll be digging deep into affiliate marketing. I’ll explain what is affiliate marketing and how it works, and give you an easy-to-follow guide of starting a blog and becoming a successful affiliate marketer.
If you are reading this blog post then you are probably looking for a way to make a passive income. For most people who made it, affiliate marketing is how they get started in the first place.
Affiliate marketing is done by promoting other people’s or company’s products and earning a commission if someone actually buys that product through your links.
Affiliate marketing is divided into 4 parties:
- MERCHANT or creator, seller, retailer, or vendor is the party responsible for product creation and selling. This can be anyone, from a large company that produces physical products to an individual who sells online courses or eBooks. The merchants just need to have a product to sell, they don’t have to be involved in any other part of the affiliate marketing equation.
- AFFILIATE NETWORKS can be involved in the equation as a middleman between merchants and affiliates. In some cases, you will not be able to promote the product you want if you are not a part of the affiliate network. That is because some merchants have their affiliate program only on the affiliate network.
- THE AFFILIATE or sometimes called the publisher are persons who are promoting merchant’s products and if someone buys the product through their affiliate links they earn a commission that can range from 2% up to 75%.
- THE CUSTOMER or consumer is the person who is buying the products promoted by affiliates. It is not necessary for them to know that they are involved in affiliate marketing because they will not pay a higher price for the product. But more and more affiliates want to be transparent about this.
Can You Make Money With Affiliate Marketing?
Of course, you can. You can earn a decent amount of extra cash for your family or for yourself to buy something you want.
You might be wondering how long it takes to make money with affiliate marketing?
This will not come overnight and without any work from your side. Some affiliates are making hundreds per month. Some make thousands. And some make hundreds of thousands. But most affiliates aren’t making a dime.
Why?
Because they don’t do their part of the job correctly and consistently. Don’t be like those guys.
How Long Does It Take To Make Money With Affiliate Marketing
When you start with affiliate marketing you’re wondering how long it really takes to make money. If you’re getting into a Wealthy Affiliate or any other affiliate program with the mentality of getting rich quickly you have the wrong mindset.
You have to change your mindset and realize that, when it comes to business the amount of time that it’s going to take for you to actually make money is dependent on you. It’s dependent on you and if you’re willing to actually educate yourself.
I’ve seen a lot of people get started with other affiliate programs failing to learn how everything works. They get disappointed because they’ve been in for seven days and they haven’t made any money and then they start calling things scams and they want their five dollars back. They weren’t even dedicated for the seven days that they’ve been in and they just quit and then they join something else a couple of weeks later.
If you are always looking for the next best thing I’ll tell you there’s no next best thing. If you want to make money with any affiliate program learn the actual skills of building a business and income on the Internet and follow that process.
This is going to cost mostly your time, some of your money, and lots of energy. Affiliate marketing is a business, it’s not a hobby, it’s not a lottery and if you think that it is then you’re in the wrong business.
People don’t just hit a million dollars overnight, I hope you understand that. When you learn to attract people to your website you can promote anything and you can build a massive business and income.
That won’t happen overnight and if you can’t get people to come to check out what you have to offer what are the chances that you’ll make money?
Learning to attract people to your to and to actually market it is one of the most important things. I hope that makes sense to you. it wasn’t for me until I learned this the hard way after failing for years. But then I stumbled upon a person a was willing to share with me how they made it online.
Affiliate marketing is working and it can work for you. Just be willing to learn and be open to receiving information and treat your business like a business.
Pros And Cons Of Affiliate Marketing
Some aspects of affiliate marketing make it an excellent business option but there are also challenges to earning money from it.
PROs of Affiliate Marketing
- Low cost to get started
- You don’t have to have a product or deal with shipping and customer service
- Work from anywhere at anytime
- You can earn money while you sleep
- You don’t have to be an expert
CONs of Affiliate Marketing
- It takes time to start making money
- High competition
- You can’t have your customer base
- No guarantee that you will make money
Some Of The Most Popular Affiliate Networks
With more and more businesses getting involved in affiliate marketing, more opportunities become available for guys like you and me to make money with our websites.
