So you want to start affiliate marketing to make some extra income or even to make a full-time income from it. You’ve heard about it from your friends, or read about it online, and know it’s a legit thing that many people are making money with, and want to get started on it. The thing is, you have no idea where to start, or even what it is about. Fear not, this article will answer all your questions about affiliate marketing and after reading this article, you will have a clear idea of how to get started.
What Is Affiliate Marketing?
First off, what is affiliate marketing? Affiliate marketing’s business model is basically promoting others’ products and getting a commission when you make sales. Such products include online programs, courses, ebooks and physical products.
The most common types of products that are promoted in this business are online programs, courses and ebooks, because the creators of these programs have an unlimited stock. They are willing to pay you when you make a sale for the program because their own reach is limited, and each time you make a sale, it comes at no cost to them, so each sale you make is extra income to them. This is why they are willing to give you a cut of their profits.
In essence, affiliate marketing is promoting another person’s product and getting paid when you get sales for them. The question is, then, why should you do it?
Why You Should Do Affiliate Marketing
1) It is cheap. You literally do not pay anything in affiliate marketing other than the marketing costs, because you do not have to pay the costs of storing the product, creating the product, and even the cost of hosting the website that the product is hosted on, so you will only be paying for the cost of advertising the product
2) Wide array of choices. There is an affiliate product for literally every niche you can think of, so you can do any niche that you like and not have to worry about not having any products to promote.
3) It’s fun. While promoting products, after making a few sales you can usually ask for a free copy from the creator to do a review about it and after seeing that you have made sales, they will usually give it to you without hesitation. This allows you to try many products out for free. On top of that, even if they do not give it to you for free, you now have an excuse to convince youself to buy those products and try them out to know whether they are good before promoting them, so you can have fun trying out many different programs.
4) It is profitable. Honestly, one of the best ways to make money in my opinion is affiliate marketing because you get to blog about whatever you like, promote programs that will help people, and you will definitely make money if you promote the right programs the right way.
How To Start An Affiliate Marketing Business?
So how do I start an affiliate marketing business? All you need to get started with affiliate marketing is a product to promote and a way to promote it! Simple right?
So firstly, to find products to promote, there are two ways. The first is to sign up for affiliate networks like Clickbank, JVZoo, Amazon Associates, etc etc. These affiliate networks contain thousands of products that you can promote for free and your earnings will all be stored on your account, so you can promote multiple products at once and receive commissions for them conveniently on the same account.
The second way is to do a search on Google for affiliate networks of whichever niche you want to start on. You can do this easily by searching “[Niche] affiliate networks]”. For example, if I wanted to promote basketball products, I could simply search ‘Basketball affiliate networks”.
So now that you have gotten a product to promote, we’ll move on to how to promote them. There are mainly 2 ways to promote your product – paid advertising and blogging. These are the 2 main ways that most people promote affiliate products. Of course there are a lot more ways to do so, but these are the 2 ways that I personally use because I find the other ways too time consuming and do not really produce results.
For paid advertising, there are many platforms that you can use to promote your affiliate product. The one I personally use is Solo Ads because they help build my email list where I can then keep marketing to them new products, but there are many other platforms that you can use such as Facebook Ads, Twitter Ads, Google Ads, and even Youtube Ads.
For blogging, you will need to get a domain, find a hosting platform that has WordPress, and start writing meaningful articles to get ranked on Google.
To buy domains, you can buy them from many websites such as Namecheap, GoDaddy, Bluehost, and many more. The important thing is not where you buy them from, but what domain name you buy.
Afterwards, you will need to find a hosting platform to host those domains so you can start building your website. Once you have built your website, you will need to start putting out meaningful articles to get your website ranked on Google and from there, you can recommend people the affiliate products that you are promoting.
Now once again, I would not recommend that you do all these by yourself because it will be very confusing and you will likely do everything wrong and not make any profits. Instead, I recommend taking Wealthy Affiliate’s Affiliate Marketing Training. You can read my review on Wealthy Affiliate’s Training here.
I hope I have answered your question “how do I start affiliate marketing online?”. Now let’s move on to the next section.
How much you will need to get started
As I mentioned above, you will only need to pay the cost of advertising the affiliate products, but you will still need some initial capital. This capital is for advertising.
With the first method of advertising – paid advertising, assuming you are doing Solo Ads like me, I would say about $200 USD, because that will get you about 100 subscribers to your email list, which should be enough to make a sale immediately. Then, if your email marketing is solid, you should be able to make at least 1 more sale with the follow up emails. I personally promote Perpetual Income 365 and use it, because for each sale that I make, I get $23.50 in commissions every month. This means that even if I spent $100 to make one sale, I’ll make it all back in about 4 months and from then on everything will be pure profits. You can read my review for PI365 here.
With the second method – blogging, you will need to pay for only 2 things – a domain name, and a hosting platform to host your website. A domain name will cost about $15 sgd, and as for hosting, it will cost about $10 sgd a month, so to get started with affiliate blogging, you technically only need $25 sgd, but you will need to keep your website running for a while before it starts getting ranked on Google, so you will need to get ready to pay for hosting for at least 6 months. As such, I would also recommend a minimum initial budget of $100 sgd. However, as I mentioned above, blogging is not simple, so I would recommend getting Wealthy Affiliate’s Affiliate Marketing Training before you get started. It’s free course to try that will definitely help you make money with affiliate marketing, so do check them out!
I hope this article has given you a clear view of what affiliate marketing is and how you can get started on it today. If you have any questions, feel free to ask them below in the comments section. All the best!