This post contains affiliate links, which means I receive a small commission, at no extra cost to you, if you make a purchase using this link.
As a freelancer you probably heard about this crazy thing called Passive Income….
In case you haven’t, it’s basically where you make money while you sleep, spend time with family, or just about any activity you can think of that doesn’t involve you working on your business.
There are so many different routes to take in order to start earning passive income, but the most popular way is through affiliate marketing. As an affiliate marketer, you literally market any type of product and when someone buys that product through your affiliate link then you get paid a percentage! There’s no extra cost to the consumer, you didn’t have to worry about creating a product, and the company earned another consumer without using their own marketing platform! Everyone wins!
Who is affiliate marketing for?
Are you a stay at home mom with some free time? Are you a college student who needs some extra money in your pocket? Are you….. willing to market the product and follow the rules of the platform you’re using? If yes, then you are a perfect fit!
Is affiliate marketing legit?
A lot of new freelancers get skeptical about affiliate marketing and you have every right to be. You can breathe a sigh of relief because this is a marketing strategy that many scaling companies are using. For example, the famous Amazon (we’ll talk more about them, don’t worry). Also, you don’t need a business license as an affiliate marketer, but make sure to look into your state laws if you’re thinking about creating one for your business.
Can you make good money with affiliate marketing?
Quick version: Yes
Longer version: It’s going to take time to earn the money you’re hoping for. There is no quick solution, no course that beats the learning curve completely, and it’s still going to be frustrating.
I don’t care if you have the best teacher, product, or course. There are going to be times when you’re going to want to scream your head off. You’ll think that you’re doing everything right from setting realistic goals to creating the best marketing strategy ever and then you’ll wonder why you haven’t succeeded. When you hit those moments you must remember this: Most people fail because they didn’t stick with it long enough. Sometimes, the answer is time. Especially when you’re trying to use organic traffic!
So to help you start off on the right foot let’s get on with setting your goals, picking the right products, how to start marketing, and some training options if you need it.
Setting realistic goals
If you were never a goal setter before, it’s time to start trying! You don’t need to have it all figured out before you start marketing, but it is important to think about this along your journey to give your business some insight on where you want to go. At the same time, do not freeze or panic if you don’t meet your goals. Instead, evaluate why you didn’t: Did you have enough time? Was it realistic for your situation? Etc…
- What is your 3 month, 6 month, 1 year goals?
- Make your goals specific, measurable, assignable, relevant, and time- based (S.M.A.R.T.)
- For example…. I want to be able to make $500 by the end of October (let’s pretend it’s August). I practically have 3 months to reach my goal! Let’s pretend I have a product that will earn me $20 in commission; I would need to sell at least 25 of those products within 90 days!
- Track your habits. This can be an eye opener, but you need to be honest if you’re actually working on your designated hours or not!
Choosing the right niche
A niche is basically like a category of what your business is going to be about. For example, I am in the entrepreneur niche.
I’m pretty sure that you have heard this from pretty much everyone. You need to choose a niche. It will help you to monetize your business, answer specific questions, and find the best products for your audience.
I hated this part in the beginning because for some reason….. I couldn’t figure it out and needed a little help from Suzi’s Niche by Number course. Here are some tips to help…
- Pick a niche you are passionate about
- You’re going to hear different from others who say to choose a niche that’s profitable: fitness & weight loss, relationship, make money, etc. You need to stick with your passion because this is a long term business. You will spend years advertising it, talking about it, and it will take years to see a really good profit.
- Who is your targeted audience?
- Who can you relate to the most?
- Do you want to gear it towards your current occupation? (like if you’re a mom would you like to target other moms?)
You will be able to find products for every niche.. so don’t stress about that part.
High ticket VS Low ticket
This term refers to products that are either priced very high or very low. As you can imagine, if you have a high ticket product ($2400) then you will have a high commission payout (40% -> $960). However, not many people can afford this price and they may never return to your link when they can afford it. Then again… if you could find at least 2 people to buy your high ticket product then you just made close to $2000 (using the example above) in one month.
If you offer a bunch of low ticket products, then it’s going to take longer to earn a good profit. However, it’s easier to market because of the low price. As long as you tailor it to your email list, then you’re in the clear!
These are just some of the pros and cons when it comes to high and low ticket products. The smart choice is to have a healthy balance of both types. As long as you use these products and can testify why it’s amazing, you will be able to make profit from either tickets.
How do you become an affiliate marketer as a beginner?
You can google the company and see if they have an affiliate program… or you can just ask! Either method is effective.
Remember to promote products you use and tailor to your niche.
Amazon is probably the first affiliate program you should apply to. Everyone knows it, trusts it, and bought from it at least once! Just click here to go to their site and sign up for free.
Example: Scroll up until you find the native ad in the middle of this page about planners. I created that ad using amazon associates and I placed it there because we were talking about setting goals! I personally use the Law of Attraction Undated Planner to set my goals and track my habits, but I didn’t make a article about it or want to take personal pictures of it (granted that would probably be better). So instead, I used a native ad in the middle of my page. Easy peasy!
I made this generic for business’s like Convertkit, WalMart, Clickfunnels, Clickbank, travel agencies, etc.
Companies that were relevant to my blog so far is Converkit (email service I use and love) and Udimi (list renting for paid advertising).
You can advertise these companies using native ads, pinterest, digital marketing, or my favorite… creating articles that reviews them along with your experience from using them.
Remember to join affiliate companies that best suit your niche.
This is my favorite source of affiliate income. Most of what I learned about blogging, affiliate marketing, digital marketing, and how to be a virtual assistant came from courses! I needed information on how to make this whole freelancing thing work and so many online courses helped me create a base for building my business. It makes sense to share that information that helped me get going to other people who want to start their own online business! It’s also a bonus to get paid for it too!
Example: I plan to write specific review articles that will go in depth on the pros and cons of each course I took. It will give my readers a better understanding of the course and it will help them make a confident decision about buying it or not.
Time to start marketing your affiliate products
I will always recommend to have your own website for your business, even if it’s only going to be affiliate marketing. It will make you look professional and it will help your subscribers to find older articles. More importantly…. it is owned by yourself. Therefore, it won’t be a problem for you if the advertising platform you use is no longer popular or had to close down.
This is a very good option to use if you already have a following and frequently use the platform. Don’t freak out if you are just starting out though!!! Here are some tips to get you started:
- Stick with one platform for organic and one platform for paid
- Pick your favorite one or the one that you can see yourself on for the next 5 years.
- You’ll want to learn the ins and outs about the platform before moving on into another. Otherwise you’re going to wipe out from all the different strategies.
- Focus mainly on growing your organic traffic
- This is going to get tedious real quick. It’s going to take time for your audience to grow, but it will benefit you in the long run
- Create opt-ins with landing pages from your email marketing software. Post them everywhere!
- Email your subscribers frequently and create a welcome sequence, educational sequence, and product sequence.
- Find a course about marketing, if you have the budget for it.
- If you don’t have the budget, then start researching on google, youtube, and pinterest for all the free information you can get.
- Make a game plan from your research!
- For example: A new blogger could make a plan to write an article every week on a problem that needs an answer. Then promote it on their instagram with a beautiful picture and then add a captivating call to action in their description.
Believe it or not…. People have been promoting their affiliate products like crazy on Pinterest! It all happened when they opened the ability to add your affiliate link without linking it to your website first. Since Pinterest is an SEO like google and YouTube, it’s easier to use keywords to promote their affiliate products to other consumers. After all in the world of pinterest…. as long as your pins are something that can be done, bought, or tried…. then you’re in the clear!
- Create multiple pins for the same link in order to do A/B testing
- Make sure to target your audience specifically in at least 80% of your pins!
- Match the colors to the landing page of your affiliate link!
This is a good option if you have some money to spend! It’s where you go to a credible site, like Udimi, and buy traffic for your promotion. It’s highly recommended to use a funnel in order to capture their emails for future products, but it’s up to you! I actually received my first payment on a high ticket affiliate product from Udimi…. but I decided to use that money towards some courses instead.
**Important** From my experience and little research…. most of these email list work well for mainly the make money online niche. Also, I highly recommend to buy traffic with only high ticket products.
So there you have it! I hope this article was able to answer the basics about starting an affiliate marketing business! If there was any questions I missed, please let me know in the comments below!
Also if you’re looking for courses to learn more about digital marketing and affiliate marketing….
Affiliate & Digital Marketing Training I Use and Recommend
- Amazon Affiliate by Carolina and she teaches you how to scale your blog with Amazon affiliates! She offers her course at an affordable price and these techniques are good whether you have a big audience or a small one. ($49)
- Legendary Marketer 15 Day Business Challenge ($7). This challenge is meant to help you launch and grow your online business. The goal is that by the 15th day, you’ll walk away with a business plan. This information can be used for any type of online business like affiliate marketing.
- Pinning Perfect is the course where I learned everything I needed to know about Pinterest. You can use this information for affiliate marketing.
I hope this helped you learn the basics of getting started with Affiliated Marketing! Let me know in the comments below if any of this was new and what information you would like to learn more about!
Talk soon, xoxoLeeza Harrington
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