Are you thinking about starting an affiliate marketing business but want to know more before diving in?Awesome! Allow me to help demystify affiliate marketing for you.
I first started doing affiliate marketing in 2015, and through time and effort, I learned how to earn a living this way. I’ve also had the privilege of showing countless others how to get started online with affiliate marketing by sharing what I’ve learned.
So, while I don’t claim to be some kind of “guru,” I do understand how affiliate marketing works, and I can help get you started on the right foot if this is something you want to do yourself.
So with that said, what is affiliate marketing?
Affiliate marketing is a business model where you earn commissions promoting other companies’ products online. You can see a more technical description of affiliate marketing on Wikipedia, but that’s the gist of it.
Your “job” as an affiliate is basically to connect potential customers with companies that are selling products and services online, and when people buy stuff through your unique links (called affiliate links), you earn a commission at no extra cost to the person who buys.
There are over 5 billion people online and 100s of millions of products you can promote as an affiliate, so the opportunity within affiliate marketing is massive (and growing).
Not only that, but done correctly, affiliate marketing can benefit all involved.
Here’s how:
- First, affiliate marketing benefits the product vendor because, unlike paid advertising, they only pay affiliates for results (i.e., when you bring them new customers).
- Second, affiliate marketing benefits the customer because, when you do affiliate marketing ethically, you are helping customers find products they are already interested in buying, and you are helping them make more informed decisions about those products.
- And third, affiliate marketing is a simple and low-cost business model to get started with, and it can be very lucrative once you get it dialed in. Not only that, but it can give you time and location freedom since you can work on your business from anywhere in the world.
So, my point is – affiliate marketing is a great business model.
There is no such thing as a “push button” system that will do everything for you, and it will not make you lots of money overnight, but you can build a very successful business this way.
But you need to follow the right process, or you could end up failing. And since you’re reading this, I’m going to assume that you are wanting to build a successful affiliate marketing business.
So, what is the right way to do affiliate marketing?
When you boil it all down, the process of starting an affiliate marketing business can be broken down into four main steps, which each act as the foundation of a successful business:
- Choose a niche: Successful affiliate marketers do not try to promote everything – they choose a direction for their business, otherwise known as a “niche.” A niche is just a group of people searching for stuff online, and by choosing a niche, you can position your brand as the “go-to” in that space, which can lead to a lot more success over time.
- Build a website: Building a website is essential, as this acts as the foundation of your affiliate marketing business, and it’s where you will be recommending products to your audience. It’s not difficult or expensive to build a website when you know how, either (more on this shortly).
- Get traffic: Traffic is absolutely essential to building a successful affiliate marketing business. Without traffic, it is impossible to make sales. So this part of the process is all about attracting people to your site so that you have people you can recommend products to.
- Promote affiliate offers: Now for the fun part! Once you have a site up and running, you can sign up with special programs called affiliate programs, which are free to join, and this will give you access to products you can promote on your site to earn commissions. There are millions of products and services you can promote as an affiliate (from virtually every leading brand you can think of), so the possibilities are practically endless.
So, that’s an overview of the process involved.
In order to actually build your business, however, you need more than just training on how to do it. You also need a website, domain, marketing research tools, coaching, and support.
And if you tried to put all those pieces together on your own, it would likely be a costly, time-consuming, and frustrating process.
Which is why I recommend a platform called Wealthy Affiliate.
Wealthy Affiliate is the platform that showed me how to start an affiliate marketing business from scratch, and they are the leading platform in the industry.
Why?
Because, for one thing, they’ve been in business since 2005 and have earned a 4.8 out of 5 star rating on TrustPilot, which is practically unheard of in this space. And they have done so by being the best and most ethical platform in the space.
Second, they give you everything you need to build a successful affiliate marketing business (tools, websites, training, coaching, and more). Literally everything you need is under one roof, which makes the process of building your business a lot simpler and more streamlined.
And third, they are the most cost-efficient platform in the industry. It costs less than $50 a month to get everything you need to start, run, and grow a thriving affiliate marketing business. And they even give you a free Starter account to test drive the platform first – before you decide anything.
Anyways, the following page explains what Wealthy Affiliate is about and why I recommend it if you want to know more, but that’s the gist of it.
And the pages I’ve linked to below walk you through each of the above steps I mentioned earlier if you want to know more about building an affiliate marketing business.
Next up: How to Choose a Niche for Affiliate Marketing
Related Affiliate Marketing Pages:
