I found a great affiliate marketing mentorship program after years of jumping from course to course. It offers personal coaching and mentoring, 1 on 1 affiliate marketing coaching and support and a whole host of other resources.
One of the main problems with learning affiliate marketing alone is the huge variety of strategies you can employ to build your business. I tried to do everything on my own for several years and had a lot of problems. If you want to take affiliate marketing seriously, and build a long term sustainable business from it, it’s worth paying for the help.
Affiliate Marketing Mentorship – The SFM
The SFM (Six Figure Mentors) can sound a little off-putting if you’re a cynical UK based sceptic like I am! But since joining this community I’ve found it to be anything but. Founders Stuart Ross and Jay Kubassek have created an online affiliate marketing mentorship community which offers a digital product range and business system and a community based support system for its members.
Here’s a picture of me at a local event organised by members of the community near me in Chester, (United Kingdom).
Affiliate Marketing Mentorship – Why You Need Support
Affiliate marketing is a great business model. From anywhere in the world you can earn a full or part time income from your laptop using other people’s products. It’s great – in principle!
However the truth of affiliate marketing is that it’s much more difficult than many make it out to be. There’s literally thousands of products available online which you can promote. Just choosing the right product is a massive decision which will affect your affiliate business for a long time to come.
Then there’s promotion. How do you promote your affiliate products? For years I battled with this one; creating content which Google didn’t rank and getting advertising platforms closed down because I didn’t know what I was doing. Much of the stress and frustration of an affiliate business can be lessened if you get the help you need from the get-go! If I had found the community years ago it would have saved me a huge amount of stress and difficulty.
Affiliate Marketing – Technical Difficulties
The technical side of learning affiliate marketing has largely been removed. Most of the platforms affiliates now use are drag and drop platforms too. Even the business set-up is a simple step by step process with the SFM back office and business system set-up.
Of course there are still things to learn and the SFM provides all the training and support you will ever need to build a profitable online business from scratch and without any experience. From webinars and Q and A masterminds, to live events there’s a support system to suit everyone. Of course since Covid-19 the live events have been put on hold but several webinar events have been put on in their place.
Affiliate Marketing Mentorship – Product Range
The SFM’s product range offers a proven business model and has already allowed thousands of their affiliates to leave their jobs and become full time entrepreneurs. So what’s different to using standard affiliate products and why is your business model so important?
With some affiliate programs which are typically used by newbie affiliates, you’ll earn levels of commissions from 1-11% (typical on Amazon, for example). With digital products you can earn more like 40-50% and even 101% on the Mentors-All-In package – one of SFM’s best selling packages.
Recurring Commissions
Another good way to build a sustainable business online is by using recurring commission products. With SFM’s product range, you’ll benefit from not only the high levels of commissions which you get with digital products, but also through selling and promoting recurring income affiliate programs.
A recurring income product range means you can benefit from customer loyalty. With most affiliate products you only get paid once – when you sell the item. But with memberships and software products you earn ongoing commissions for customers who continue to subscribe to a service.
Even with small recurring commissions of say $10 a month, this can add up as you build your memberships. 100 members will give you a recurring monthly income of $1000. This is a far better strategy than selling “one-off” commission based products for 1-11% commission on Amazon, for example.
High Ticket Products
A “high ticket” product is one valued at over $1000, for example. With physical products you can sell high value products too but still only earn 10% commission. See highest paying affiliate programs list. So for example, selling a high valued physical product for $10,000 can make you $1000 as an affiliate (at 10% commission). For the same or similar effort you could also sell a book for $10 and earn $1. Which would you rather spend time on?
With high ticket digital products it’s possible to earn up to $8000 on a single sale with the SFM business model. This is because the products value into the tens of thousands of dollars/pounds. With digital products too, you can earn up to 35-40% commissions based on the sale according to where you are positioned within the business model. High ticket products used in conjunction with digital products and subscription based products give you a very powerful business model.
Multi-Tier Sales
The SFM offer a multi-tier sales model which lets affiliates (who are positioned at the top of the business model) earn from their members’ sales. This means by introducing members into the business, who then promote the affiliate products themselves, you can earn commissions based on how well your members do in their own businesses.
A multi-tier commission will be paid to you based on the sales your members make. So if they sell a membership, for example, you’ll receive a $10 monthly recurring commission for each membership product they sell. You’ll also receive 10% commission on the high ticket product range too!
Product Range
Having a product range is key to a successful online business too. Without a range of products which offer ways to meet customers needs in multiple ways, it’s more difficult to get traction with an online business. Many newbie affiliates choose to sell a single low cost product, thinking they will sell more of them because it is cheap!
However, with a product range you can sell low cost items and high cost items by offering both to existing customers. Meeting more customers needs at a price point which is suitable for them lets you offer more value to your customers. You can also benefit from later purchases from your existing customers.
With most affiliate products you can only sell a product once to a customer. You then lose that customer to the product vendor (owner); and have to constantly search for more new customers. With a product range, you can sell a product once and earn from the recurring revenue (and up-sells to that customer) for years to come.
Built-In Sales Team
The SFM has a built in marketing and follow up team which compliments your efforts as an affiliate. You only really need to refer the initial sale to the business system and the follow up team will do the rest. This makes your job as an affiliate far easier. All you need to do is promote the sales funnel once you’ve set it up!
Promoting a low cost product is fairly simple. Once you’ve done this, the sales team will promote other products to your customers as appropriate. You can even make a high ticket sale of products worth up to $20K simply by working the system and promoting the base level products. Your positioning in the business system will determine how much you can earn on such a sale – up to 40% on a $20K sale!
Marketing Your Affiliate Business
If cash flow is the “life-blood” of an affiliate business, marketing is its heartbeat. Without marketing, your business won’t survive. With a business system like the one described above, your chances of success are far higher than with a low commission setup or low value product.
With a product range, subscription products, high ticket items, multi-tier sales, recurring commissions and a built in sales team, your chances of success are far higher! But you still need marketing of course to make an online business successful. Without a good marketing strategy and consistent effort, your online business isn’t likely to succeed. But without proper help and advice, it’s far easier to drop out and quit too.
Marketing is one of the main sticking points for affiliates and there’s many ways to do it:
- Content marketing – this article is an example of content marketing but it can also include things like YouTube videos, ebooks, digital downloads and many other content marketing strategies.
- PPC – Pay Per Click direct response marketing is the fastest way to get people to your online business. However, it still isn’t without it’s problems. You can burn through a lot of cash with PPC without getting anywhere.
Paid Marketing
Paid marketing is the fastest way to build an online business when using a business system like the one described above. With multiple earning strategies, there’s a lot less to risk when using pay per click marketing.
With a lower value product range, it become more difficult and risky. You need to spend less than you can earn in order to be profitable. When you can get this right, you can slowly increase your budget and scale up to a larger audience quite quickly.
Ideally, use paid marketing to spend $1 and earn $2 or more. Once you get this relationship between spending and earning, you can scale up. This takes time of course and it’s worth getting help! The SFM offers several marketing groups and masterminds to help you build your affiliate business through paid marketing and free strategies too!
Free Marketing Strategies
Free marketing strategies typically take much longer to gain traction from as an affiliate marketer. A blog is a good example of a free marketing strategy. With a blog, (Web log), the affiliate creates content and hopes this will lead their potential customers into the sales funnel where they might purchase a product.
V’loggers also use free marketing strategies by creating multiple videos and building an audience. If you get your content right, you’ll be able to lead people into your sales funnel for free. A typical organic (free) marketing strategy might take 6 months to several years to generate the require amount of traffic, leads and sales. Whereas a paid marketing strategy can bring people directly to your sales funnel within a few hours.
