Affiliate marketing is popular with online entrepreneurs because it enables you to earn commissions by selling other people’s products or services. You don’t need to create a product, sort out online payment systems or product delivery. The product owner takes care of those things.
The Affiliate Marketing Model Explained
A regular store owner doesn’t personally create every product he or she sells. They buy products from manufacturers and then sell them at a profit. You can do something similar to start making money on the internet. But you don’t have to buy any stock first.
You can choose from a wide range of products to promote online, all with a website sales page set up for you. Your job as an affiliate marketer is to drive traffic to that website using a specific hyperlink. When somebody clicks on that hyperlink and decides to buy from the sales page, you get paid a commission by the product owner.
Your job is to send prospective customers an offer. When they buy, you earn a commission. So how do you make the big super affiliate commissions where you’re generating a sizable online income?
ONE: Treat It Like a Business
Regardless of whether you work on your affiliate marketing business part-time or full-time, you need to treat it like a real business and not something you play with. If you want to create a real business, you’ll have to treat it that way if you’re going to earn super affiliate commissions.
TWO: Find The Right Market
To start with, you’ll need to decide on the niche you want to work in. It’s always best to get started with a niche or industry that you’re already interested in or where you already have some knowledge. When you know what people in your market want, it makes it a lot easier for you to find products that will meet their needs.
THREE: Know Your Audience
You can’t sell everything to everybody. The more you understand your audience, the more you can be certain that you’re offering products or services that they need and want. Find products that solve problems for your audience. Uncover two or three pain points your target audience has and then look for products that provide solutions for your audience.
FOUR: Find The Right Products
Most affiliate marketers start looking for products at the ClickBank Marketplace. This is where business owners list their products for affiliates to sell. There is a massive choice of different products and services in a wide variety of niches. When you choose a product, get your unique affiliate hyperlink for the product (called a hop-link). This is the link that will take your prospects to the product sales page.
You aren’t limited to selling products from ClickBank. There are many other affiliate marketing companies to choose from.
FIVE: Be Consistent
To earn super affiliate commissions, you need to be consistent with your online presence, list-building strategies and provide value. The better you do your job as an affiliate, the more your followers and customers will recommend you to others. If you offer great products and services, your customers will be pleased to supply testimonials and referrals when asked to do so.
SIX: Offer Products at Various Price Points
The greater the value of the product, the more commission you will make and selling high-ticket items is a key part of making super affiliate commissions. However, you should offer a variety of price points, because it takes time to develop trust from people if you want them to spend a large amount of money with you. Also, an element of your target audience might not have the funds for the higher-priced products and need a less expensive option.
SEVEN: Find The Right Customers
Now you need to promote and market your unique affiliate hyperlink to catch and drive traffic to your affiliate product offer. Some traffic methods are free and some you have to pay for. Keep in mind that before you start making money on the internet, you may need to spend a little money advertising your chosen products. Online advertising is very cost-effective and for a very modest budget, you can easily reach your target audience.
EIGHT: Have Multiple Income Streams
You need to broaden your income stream by selling more than one product for one price. Have a combination of relevant products that provide three important income streams. These are basic one-off direct sales income, products that pay a recurring income, and high-ticket products.
Regardless of your age, education or technical skills, there are no specific requirements for being successful with affiliate marketing. However, you will be more successful with a solid business model to work from, clear direction, training and support.
Companies are happy to pay commissions to people just like you, in return for selling their products and services. You have the potential to make a high income when you choose the right niche, stay committed, and understand your audience. For a no-nonsense, kick-start guide to getting started, download my free Affiliate Marketing for Beginners checklist.