Is it possible to make money with affiliate marketing? It’s entirely possible yes. Affiliate marketing is a business model in which third parties promote other people’s products for a share of the profit, mostly online. Once you join an affiliate program, you get a unique link which identifies you as an affiliate for the program. Your job is to promote that link in any way you known how to send customers through. Once someone buys through your link, you make money.
The most difficult aspect of affiliate marketing is to find a method of selling through your affiliate link in large quantity. Once you figure out how to sell an item once, you can repeat the sale many times with different customers. Since there’s a global audience at your fingertips online, you can promote to pretty much anyone who is online.
Affiliates get to know who to place their links in front of – what is known as their target audience. This is the thin slice of the online marketplace who are most likely to want your product. Once you learn how to place your affiliate links in front of your target audience en-mass, you can sell thousands of products and make money from each sale.
Is It Possible To Make Money With Affiliate Marketing? How Affiliates Make Sales
Affiliate marketers make sales in a number of ways by placing their affiliate links in front of potential customers. They attract an audience online through using various strategies such as:
- Blogging – writing content on a website or blog platform
- Video blogging – uploading content to YouTube or TikTok
- Email marketing – affiliates build huge email lists of subscribers and promote their products out to their list
- Paid ads – There’s a variety of ad platforms online such as Google Adwords, Facebook and YouTube.
- Social media platforms – there’s also various other methods of advertising including paid and unpaid social media marketing.
You can choose to promote almost any product you can find online too, as an affiliate. So long as a product has an affiliate program, you can promote that product for a share of revenue.
One of the most popular affiliate programs is Amazon’s. Amazon is a trusted website and has thousands of products to choose from. Anyone can join Amazon’s affiliate program and make money from product promotion if they can generate sales.
Is It Possible To Make Money With Affiliate Marketing?
So yes, it’s entirely possible to make money with affiliate marketing. However, it’s not easy and many affiliates will quit. In fact there’s a huge drop out rate in affiliate marketing with only around 5% of affiliates sticking with it to make a regular income. But it’s also a very available business model which can be found by anyone with a laptop and internet connection. The low barriers to entry means that anyone can “give it a go”. This, in part can explain why there’s such a high failure rate in affiliate marketing.
You can join an affiliate program for free, and start promoting your link. No other business model is so cheap and easily available for the masses. But the catch is that this also means there’s a huge amount of people attempting to sell online too. Other affiliates can flood the market and this means there’s a lot of market noise of other promoting the same products as you!
As the business model gets more popular, this also means more competition online from other affiliates. But many will drop out when they don’t see immediate success. So if you stick at it your chances of success are far greater than the rest!
Is It Possible To Make Money With Affiliate Marketing – Stick At It And Get Help
I started out learning affiliate marketing over 10 years ago and had a heap of problems. The main difficulty is in marketing. There’s two main ways you can market a product online; using either paid marketing methods or content generation.
Since there’s so much content online (over 600 million blogs for a start) this means there’s huge competition for content marketing. But there’s many platforms to choose from such as YouTube, Google, Linkedin, Facebook and all the rest. Plus, there’s many different products to choose from too. So if you’re able to find a niche which is relatively uncompetitive, your chances of success are greater.
Your job as an affiliate is to figure out how to sell other people’s products through your affiliate link. Once you do it once, you can do it many times. Ultimately affiliate marketing can give you a passive income, particularly if you choose to sell subscription affiliate programs which pay out recurring commissions.
Training – The Best Investment You’ll Make As An Affiliate
Getting some help, support and training is the best investment you can make as an affiliate. Consider it an investment in the foundations of your “sky scraper” affiliate business. Without strong foundations, your business will likely crumble.
If you want to make a few sales here and there as an affiliate, you might make some extra cash on the side. But affiliate marketing can be used as a vehicle to build huge six, seven and even eight figure businesses on. If you go about it in the right way, affiliate marketing can replace your existing income and set you up for life!