Want to know how to earn commissions online? Anyone can earn commissions online by selling other people’s products. Your unique affiliate link is tracked and you receive payment based on what you sell.
Affiliate marketing is the business model which lets anyone promote other people’s products over the internet. You get paid based on the sales you refer.
How To Earn Commissions Online – Affiliate Marketing
Affiliate marketing is basically referral marketing. When you successfully refer a customer to a product, you receive a commission based on that sale. It’s a little like recommending a friend to a nice restaurant. Except when your referrals go to the restaurant and buy a meal, you get paid!
You’ll find affiliate marketers all around the internet. They recommend products and services which you might have already purchased through their affiliate links.
Not all affiliates earn the same amount of commissions though and, depending on how you go about an affiliate marketing business, you can have varying levels of success. Affiliates choose products to promote and then promote them through various means and strategies:
- Blogging – writing content on a website or blog
- Paid marketing – Using the various paid platforms available
- Email marketing (list building)
- Video marketing (YouTube)
- Using various social media platforms
- Offline marketing – using traditional marketing strategies such as newspaper advertising, leafleting etc.
How To Earn Commissions Online – Automatic Selling Systems
The best way to advertise online is to use automation in your marketing strategy and automated online selling systems to sell. With an automatic marketing method, you can run adverts 24 hours a day on complete autopilot. By selling other people’s products online using automation, you can earn a scalable income and all without trading your time for money.
In most jobs, people trade their time for money and are paid by the hour. Since your time is finite, and there’s only so many hours in the day, there’s always a cap to what you can earn; even on a great income. But with products and the internet, which offers a global reach, automation and selling can replace your income and create an uncapped income potential.
Affiliate products work well for this too because you don’t personally have to handle products or deal with customers. Affiliates just create pathways to send customers to products. Postage and customer service is handled by the company with the products, so your only concern is referring customers.
How To Earn Commissions Online – Types Of Affiliate Products & Rates
There’s many types of affiliate products on the internet. Choosing the right products and services can be a bit of a mine field. One way to discern which products are the best to promote is by looking at the affiliate marketing commission rates.
Most physical affiliate products pay between 3% and 10% commissions. This means you’ll earn $10 for a sale of a $100 item at the most, or $3 at the least. But with digital products you can earn a lot more. Digital products can pay out between 40% and even up to 100% commission in some cases.
A 100% commission product is often part of a product range. So companies can afford to pay this much because the lifetime value of a customer will recoup this loss. Digital products don’t need to be physically posted. This saves a lot of money. Manufacturing costs are low also with digital products.
Once a product is created, it can be sold and re-sold again and again without incurring any more costs. With a physical products, manufacturing costs are much higher because you need to create every product you sell.
Savings made can be passed on to the affiliate marketers who promote the products. Hence why digital products are often better payers than physical ones.
How To Sell Products Online
Earning commissions online happens when you successfully sell other people’s products. To do this does take some time and effort. But once you’ve done it once, you can do it again and again using automation.
This can be done through a sales funnel. A sales funnel is used to collect subscribers information through a landing page. When someone enters their details on a landing page, they enter the funnel.
From here they receive a number of email messages which contain affiliate links. When someone purchases a product from an affiliate link, the affiliate earns a commission based on the sale. See affiliate marketing funnels and done for you affiliate funnel.
The lead magnet which is offered on a landing page should be aligned with the product range within the sales funnel. For example, my ebook lead magnet is “affiliate marketing for beginners“.
The products in my sales funnel are products which help people learn how to earn online such as software and training products.
Step 1 – Set Up Your Sales Funnel
You can set up a done for you affiliate funnel using the SFM digital product range. The SFM program will give you landing pages, products and all the software you’ll need to get started earning online. Once setup, you’ll need to promote your sales funnel.
You can do this via various strategies according to the products you place in your “digital storefront”. With more expensive products you’ll be able to use more expensive marketing strategies. Click the image below to set up your account.
Paid marketing platforms can be very expensive, so you’ll need a high ticket product range in order to use the more expensive platforms which offer more reach and the ability to scale up quickly. Paid marketing is the fastest way to grown an online business. But it’s not the only way. You can also use cheaper and free marketing strategies such as blogging or video marketing. These types of strategies are typically much slower and more time consuming though, but free!
Step 2 – Choose Your Products
Within the SFM back office you’ll be able to choose a product range you can sell through your sales funnel. The more expensive products give you more personal training, and they also give you larger value commissions you can access through sales you make.
As an SFM Essential member you get the following commission structure in your sales funnel product range:
If you purchase other products within the range (see the chart above), you can access higher levels of commission. More info on the SFM Commission Structures.
Step 3 – Marketing Your Funnel
Once you’ve set up your sales system, you need to send qualified leads to your landing page/s. This is done through marketing and you can choose from a number of marketing strategies.
One of my marketing strategies is blogging. This article is an example of blogging. By creating lots of content around your products and services, and leading your readers into your sales funnel, you can attract customers for your products.
You can also use paid marketing strategies too, video marketing, social media marketing and so on. In the SFM training area you’ll find lots of training and support with all aspects of marketing online. You can even access 1 on 1 affiliate marketing coaching and training through some of the courses.
Get Started
You can access Module 1 of the SFM back office here for a free trial, or dive straight in with Mentors All In which gives you full access and you can set up your sales funnel straight away.
If you want to learn more about The SFM, you can sign up for a free video series here.
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Best wishes,
Tim