Welcome to this affiliate marketing pdf 2023. A lot has changed over the last few years. Many people have realised that they can’t rely, (or simply don’t want to rely), on a sole source of income. Affiliate marketing is a popular online business model in which anyone can earn income by promoting and selling other people’s products and services over the internet.
To become an affiliate marketer you only need join an affiliate program and learn how to promote products through your unique affiliate link. You need a laptop and internet connection. You can also build an affiliate business around existing work. This makes it a versatile method of earning which is flexible and scalable.
Despite the many benefits of affiliate marketing it’s not a super easy method of making money! There’s some skill involved in becoming successful as an affiliate and a large percentage of “would-be” affiliates drop out when they realise this truth! Being forewarned is being forearmed and hopefully after reading this guide you’ll be better prepared to make a success out of affiliate marketing – if you decide to take some action.
Affiliate Marketing PDF 2023 – Products
There’s thousands of products you can choose to promote as an affiliate marketer. Many affiliates simply promote products which they themselves have bought. This is a good tactic because you can genuinely review and talk about a product which you’ve personally bought. Creating content about something you know nothing about is much more difficult and less genuine. This can come across in your copy too if you choose to market products through content creation. More on marketing methods later in this article.
Amazon is probably the best known and most widely used place for affiliates. Anyone can join Amazon’s affiliate program and earn commissions by referring any of the thousands of products on the site.
Amazon pays affiliates between 1 and 20% commission (see latest figures here) on any sales they generate although most products will offer between 3% and 10% commissions.
Affiliate Marketing PDF – 2023: Subscription Products
Affiliate marketing earnings can vary from month to month and especially when you’re starting out you should expect some inconsistency in your commissions. In the beginning period there’s a lot of work to do while you’re learning. This period should be considered as the “bedrock” of your business building. Despite not actually earning immediately this is an important phase of the process, and where many new affiliates will drop out.
One way to combat inconsistency in your commissions is through using subscription affiliate programs. With a subscription sale affiliates can earn ongoing commissions for each sale they make, rather than a “one off”! This can dramatically speed up the process of earning a consistent income from affiliate marketing once you start making sales.
With the right type of products, a single sale can earn you a lifetime’s worth of regular monthly commissions! Products such as software products used for business or training and education products are particularly good because they offer lifetime value to their customers.
A good subscription product to promote as an affiliate marketer is Aweber. Aweber is an email marketing software product used by affiliates. Online business owners need the software for their business to run; so they often maintain their subscription to products like this for years. If you have referred the product as an affiliate, you can earn ongoing commissions on a monthly basis for years too!
Affiliate Marketing PDF 2023 – Digital Vs. Physical
Digital products are something else to consider as an affiliate. With digital products your commission levels can be much larger. Typically digital products will pay out 30-40% commission to affiliates. Compare this to the 5-10% for physical products and you’ll see that your product choice can have a large impact on your earnings.
A common first step for affiliate marketers is to use Clickbank. Clickbank offers thousands of digital products which you can promote and sell online for a commission.
Within Clickbank there are many categories to choose from so you can pick products from many different areas. So whether you have an interest in Yoga, or martial arts, there’s a topic which can suit your marketing strategy.
Marketing Strategy
There’s many ways to promote and sell affiliate products. Here’s some of the most popular methods:
- Blogging – writing content on a website, much like this article, for example
- Video blogging (v’logging) on YouTube/TikTok
- Paid marketing strategies – Adwords, Facebook, YouTube etc
- Social media marketing – social media platforms offer both paid and free marketing strategies.
- Email marketing – build an email list of subscribers to promote affiliate products to – see the power of email marketing
Your marketing strategy will depend on what interests you and it’s well worth choosing products which you align with, however you go about it. If you choose products which you genuinely are interested in, working on their promotion is much more enjoyable!
High Ticket Products
Another thing to consider as an affiliate marketer is choosing high ticket products to promote. High ticket products typically carry a much larger price tag and payout larger commissions. A typical high ticket item will pay a commission of at least $500 to the affiliate who is promoting it.
Many new affiliates assume that selling a high ticket item will be much more difficult than selling a low value product. While there tend to be less people looking for the high ticket product than who are buying low value items, once you’ve learned how to do online marketing, a single sale can earn you the equivalent of 100 sales of a low value product.
Selling 100 items at $40 commission each is the equivalent of selling one item at $4000 commission! Which do you think is more difficult, selling 100 items or 1? Once you learn how to make money selling other people’s products, it can involve the same amount of effort to sell a single high ticket item as selling a single low value item. So obviously it’s much better to use the higher valued item!
Choosing Your Marketing Strategy
Your marketing strategy is where the “rubber meets the road” as an affiliate. So many affiliates quit because they don’t get this right. As there’s more noise on the internet every day, it can become difficult to be heard in among the many thousands of other marketers, bloggers and advertisers who are pushing their message online!
Because of the growing number of other affiliates too, it can be difficult to gain traction in affiliate marketing, particularly in the beginning. As you switch between tactics, and jump from course to course, you’re wasting time all the while! So the sooner you can find a marketing strategy you can stick at, the better.
If you enjoy writing, blogging might be your choice. If you have less time and need to build an online business quickly, you’ll want to use paid marketing strategies instead. You can of course do a combination of two or more strategies. To get started with your affiliate marketing business, access an all in one business system and training resource. You can also access a community of online entrepreneurs and gain access to over 10,000 online training courses.
