To anyone who has an interest or the heart had loved doing Affiliate Marketing and looking for answers, I have compiled the answers for you for easy access.
These combine the following questions:
1.) What is Affiliate Marketing?
It is a process of promoting other people’s or company’s products through an affiliate link and when that person bought the item/s, you will get commissions in return. You promote a product you like and when someone had bought it, you will earn profit in every sale you made. That is Affiliate Marketing.
Below I have inserted a video to explain it deeper what does Affiliate Marketing is.
2.) Why Affiliate Marketing Is The Best?
Affiliate Marketing is the best of the rest and I agree with that.
Here are the reasons why affiliate marketing beats all.
First of all, you don’t need to create or own any products. You just promote other products as an affiliate.
1.) A low cost to start up.
2.) No inventory, no manufacturing, no shipping required, no rental office involve, or fancy equipment needed, no employees to pay.
3.) And the best part? You get a commission of 40% – 60% by just referring a website click and what happens beyond that is – not your responsibility at all.
4.) You just need to promote the product, you don’t need to produce it which has been done by the owner. The service is totally done for you and the buyer.
5.) You do not have to sell face to face since everything was made through internet marketing – online selling.
6.) Affiliate Marketing is best because you can work anytime, anywhere around the globe with your convenient schedule.
No additional equipment needed, you can do it only by the use of a laptop and a good internet connection.
7.) Source of full-time passive income
You’ll be building your own websites to run an affiliate marketing business.
A website will be working 24/7 for you once you set it up so you can make money anytime in the day even when you’re sleeping because customers can come from any country/time zone in the world.
This can provide you with a true passive income!
8.) You can work from anywhere in the world
As long as you have a laptop and access to the Internet, you can work on your website.
You won’t be stuck in your office or places you don’t like anymore.
Although there are many successful affiliate marketer showing pictures and videos of them working on the beach or any place they travel to, it is still recommended to have a proper place in your house or your office to work on your business.
This is to let you focus while working instead of having other things to disturb you. Those pictures and videos are just attraction marketing techniques to attract people into their business.
9.) Turn your passion into your business
You can decide the topic/niche of your own website so you definitely can build a business based on your own passion or hobby.
10.) Fully flexible working schedule
You don’t have to clock in and clock out based on the timing your boss gives you. You are your own boss. You can come out with your own working schedule since this is a home business.
11.) No prior knowledge required
In the past, the largest barrier of entry into this business is the technical knowledge to build your own websites.
Today, the technology has advanced that you can build your own website in minutes without knowing a single thing about coding.
Also, the marketing skills can be learnt at a very affordable price. You don’t need to go to college and have a degree to build your own online business.
Wealthy Affiliate is one of the best learning platform for anyone to get started.
12.) You don’t need to do selling in person
In traditional business, network marketing business or Multi-level Marketing (MLM) business, there’s usually a process of interacting with real people in person and pitching sales.
Many people are afraid of this kind of selling in person, especially in network marketing or MLM business where they usually start by selling to friends and family members.
In affiliate marketing, you don’t have to do any of that. You just need to learn how to build a proper website and how to market products to people who are interested, definitely not your friends or family members.
Your customers can be from any part of the world as long as the Internet can reach. Your potential customers are way larger than those in network marketing and MLM business.
13.) You don’t need to produce your own products
In order for you to make money, there must be a transaction. In order for a transaction to take place, you need to have products or services to sell to your target audience.
There are 2 ways to do this – either you create your own products and services or you sell other people’s products and services.
In affiliate marketing, you do not need to produce your own product (although you can). You can simply sell other people’s products and earn a commission for every sale you make.
While product creation is a totally different territory to be learnt, not all business can sell other people’s product.
14.) You don’t need to handle shipping & customer service
Since you’re just going to link the customer to the products by recommendation, the shipping and customer service are still the seller’s responsibility.
When the buyer purchased a product through your affiliate link, you earn your commission and your job is done!
3.) How Does Affiliate Marketing Work?
Every affiliate has its unique link provided by a company or merchant to track your daily progress or sales and that is where they can calculate and know how much you get compensated.
A good example of an affiliate link is below;
When someone clicks that link, the affiliate ID is stored on their browser within a text file, known as a cookie. The cookie is a small file stored on the user’s ID device.
There are 2 things that an affiliate cookie does:
- It’s used to identify the site’s visitors. In affiliate marketing, cookies are used to track affiliate referrals and sales to the right person.
- A cookie is a time parameter that measures the validity of the relationship between a visitor and the affiliate.
Be noted that cookie has its lifespan, such cookies have their expiration date 30-60 days. When products were purchased in a defined time, the affiliate will get a commission; but if the product was bought after the expiration date then the commission is forfeited or void.
4.) How Long Can I Make Money With Affiliate Marketing?
This is the most asked question around affiliates. But my answer will be honest – It all depends’s on you!
There only 6 months doing affiliate marketing and they are already making money but there are also affiliates that took a little bit longer like 2 years but never give up with their persistence they finally succeed.
Any person who never did their part in affiliate won’t be successful and it implies to any businesses. Do your part and you will be 100% successful. Make a goal of posting 3-5 posts a week for your niche website.
Some people have reached their financial breakthrough and living the laptop with a lifestyle. You commit yourself to it and treat your websites as a business and I guarantee you, you will reap it back.
Your effort, time, consistent, and commitment matters here. The more time you put building your websites is the closest success you can achieve. The more content you publish the more visitors your website can bring you money.
5.) Do I Need A Website If I Do Affiliate Marketing?
If you ask my opinion, it is YES! Why? People who are looking for information on Google easily get helped because of the websites with the use of SEO (Search Engine Optimization).
So when your blog post ranked the first page on Google, you have a tendency of getting more visitors and those visitors can convert into buyers and those buyers will give you commissions.
It is advisable to have a website because it will help you express your thoughts by blogging. Even though some people can do it without any website as long as you have a Youtube channel and you would prefer more on videos rather than blogging or writing.
Here is the list of advantages of having a website;
1.) Less Expensive – Having a website will save you tons of money. Imagine
What is a Niche?
A niche is a distinct segment of a market, in other words, an “audience”.
When choosing a niche that fits you, you should be choosing something that is ideally an interest, a passion, a hobby, but it could be something that you would like to learn about. You don’t need to BE an expert, you BECOME an expert.
Turn your passion into a business and make money out of it.
Choosing The Right Niche:
1.) Choose Your Interest and Passion – This is something you are passionate about, your hobby, the things you love and like to do.
Having passion in what you are doing is critical especially when you are just getting started. There are a lot of skills and knowledge to be learnt. You’ll most probably get overwhelmed at the start.
Choosing a niche that is your passion or hobby allows you to stay on track and keep motivated. You’ll have more content ideas for topics that are your own passion. This is very crucial.
2.) It must be very specific
There are 2 reasons for choosing a very specific niche:
- It’s easier to pinpoint specific problems and identify specific solutions for your target audience
- It’s easier to make a name for yourself and establish yourself as the “go to” authority in a more narrowed niche
Basically, the more specific your niche is, the faster you can see results and make money.
Some people may have the misconception that they need to reach a large audience so they end up selecting a broad niche. This is not true at all.
My advice is don’t try to please everyone. If everyone is your customer, then no one is your customer!
There’s also a saying that goes like this: It’s more profitable to be a big fish in a small pond than a small undefined fish in a big pond.
3. You must be able to write contents & give your own opinions about it
Content creation is one of the most important aspects of affiliate marketing business. So the niche you choose should be the topic you can keep writing about.
This is also why it should preferably be your passion – so that you have personal experience you can relate to.
Having your personal opinion allows your site to have a personal touch. This also allows you to engage with your audience more and makes your words more trustworthy!
4. It must be profitable
You can make money from almost every niche. However, the potential of every niche is different. Not all niche can be profitable.
There are quite a few ways to predict whether a niche is profitable. But as a beginner, I just want to give you 2 rules to follow:
- There must be product tie-in for your niche
- The price of the product shouldn’t be too low
You can search in Google or on Amazon to see whether there are affiliate products or services you can sell in your niche. This is the most basic yet important aspect of making money in affiliate marketing business.
The products or services should not be too cheap because a product which is just a few bucks won’t make you rich by promoting as an affiliate. There must be products that are more expensive or services that can pay you residual income (E.g. Recurring membership fee).