Affiliate marketing is a wonderful opportunity to generate a passive income with unlimeted earning potential.
It has easily got to be the one of the best business opportutes that exist which requires the least amount of effort and investment.
You do however need to understand some basic fundamentals if you are to succeed.
Many people are sold on the hype of the earning potential which is possible, but fail to realize that just as with anything in life, only the best ones win and affiliate marketing is no exception.
Affiliate marketing is a great way to generate a substantial passive income, without the need to invest the time energy, and capital in your own product.
Everything is ready-made, you just start marketing and then get paid once somebody buys a product.
If it was that easy, then why do so many people fail?
earn additional income. There is however a certain structure that needs to be in place to effectively market affiliate products.
Try to get at least a basic understanding of how affiliate marketing works
Here are some valuable links that offer training and advise some with free trials.
There is not one single program that is going to give all that there is to learn.
My advice would be to do one program at a time and absorb as much info
Decide on the type of niche which you would like to promote, this could be anything from health & fitness to financial services, digital products, or virtually anything that you can think of.
One bit of advice… Try to choose something that you actually enjoy promoting.
- Business Name:
Choose a business name that is going to be relevant to the products or services which you intend to promote.
An optimal name would be one that is an exact match to the domain name which you intend to use.
So, choose a name where the exact domain is still available.
- Create Logo:
An easy way to create a logo for your new business is to use the free tool Canva.
It gives you many templates that you can dit and customize to your specific style.
If your intention is to build a long-term affiliate marketing business, then having a web hosting company to host your blog/website is an absolute necessity.
Sign up for a hosting package with a reputable hosting provider.
on the hosting platform, you will find an option to directly download the latest version of WordPress onto the servers.
This is where you are going to build your website or blog.
To Be taken seriously in the online world, having a website or blog is vital to success. In addition to giving you immense credibility with your audience, you are also seen as trustworthy and having authority.
I would strongly advise you to learn how to build your own website or blog using the page builder Elementor.
It will take a bit of learning but having this skill will be most valuable to you and will save you lots of time and money in the future.
Alternatively, there are freelancers available on Fiverr who will gladly assist you in building your site.
The downside to this is repeated cost involved every time you need to add or edit something in addition to a waiting period.
- Create An Avatar:
All successful businesses share a common trait, they know exactly who they are targeting and they use this to grow exponentially.
Beginners and the uninformed don’t have a clue as to how effective this strategy actually is, and therefore target a very wide audience which is ineffective and very costly.
Would you try selling tobacco or alcohol-related products to devout church-going Christians?
- Product/Niche Research:
You will need to research the niche as well as the related product or service which you’ve opted for.
This would include searching the web for all types of related articles and videos about the topic>
Try to get a thorough understanding of how everything works and then.
- Keyword Research:
Every day, hundreds of millions of people all over the world, go on to Google and type in different search terms related to something they are searching for online.
- Product Funnel:
When attempting to sell a product, your aim should not be to only sell a single product but rather a range of products to the same client that total several hundred or even thousands of dollars over the lifetime of the client.
This makes much better sense than only trying to sell single products fo a quick sale.
To do this you need to create a product funnel that starts out with a free or very low priced product, then slowly increases in price over a set period
- Create Free Gift:
Your ultimate goal should not be to sell products or services, but rather to build a business, and one sure way to build this business is by having a database of clients that trust you.
A very good way to build this database is to get people on your email list, where you can continually nurture and market to them, hopefully for many years in the future.
The overall lifetime value of a client is much more important than quick sales from people that you’re unlikely to ever hear from again.
- Create Optin Form:
This is the form that you are going to place on your blog to capture the tname and email address of all prospects who you are offering a free gift that you should have created by now. If your gift is appealing and solves a definite problem, then many people will opt into your email list.
A vital part of your success will be the email list that you create uing an Autoresponder.
This tool will capture the name and email address of everyone that signs up using the opt-in form.
These details then go into a predefined list that you create when setting it up.
- Create Welcome & Thank You Messages:
When people opt-in to your email list after claiming the gift, they will be greeted by a welcome and thank you message that you need to personalize in the settings of your Autoresponder.
- Build Email List
Probably the single, biggest asset that you will possess in your business.
This is the database of people who have either bought or interacted with you and trust you sufficiently to hand over their money to you in exchange for your expertise.
There are a few proven ways to continually grow and expand this list, thereby increasing the value of your asset.
- Article Writing:
Start writing articles related to the topics which you have researched.
use a tool called Grammarly to assist you with the composition of your articles.
Don’t stress if writing is not your thing as this can be outsourced using tools such as Fiverr and freelancer
- Post Articles To Blog
The method below is an organic way of doing things and is cumbersome and labor-intensive but is the foundation of your future success.
Next, publish your well-written articles to your WordPress blog.
It will take some time and a bit of skill for your articles to appear on the first page of Google search.
The good news however is that once it becomes visible for the world to see, it will remain on the internet forever with the potential of helping to generate income for years in the future.
To top it all, you will never have to pay for this at all.
- Social Media:
A much quicker way of promoting your business to the world is using social media platforms.
This is instant exposure and should be used in conjunction with blogging to maximize your success.
- Facebook Business Page:
Create a Facebook business page, this can be done using your Facebook profile.
To enhance the appearance of your Facebook page, you can use Canva to create beautiful banners.
Simply edit the existing templates, putting your own spin on it, and you’re good to go.
Use Canva to create your Facebook business profile and banner has a positive effect on the time visitors will spend on your page.
Use your page to post all kinds of articles images and videos relating to your product or business.
Edit and shorten your blog post article sand post it on your Facebook page with a link to the original article on your blog.
- Create an audience:
Facebook allows you to create a specific audience that you would like to target with your advertising which is based on interests, occupation, lifestyle, and virtually any other criteria that you can think of, including their exact location.
use this to your advantage when creating an ideal audience that will be based on the avatar that you have created.
- Create Post For Advertising:
This is a technique that not many people know about although it can give you a massive boost in sales and revenue.
What you need to do is write an article which is will generate a bit of interest or interaction with people who see and read it.
- Boost The Post:
Boosting a post is basically a way facebook bribes you to show your post to the audience of your choice, this is of course at a cost to you, the advertiser.
Facebook offers advertisers different advertising objectives based on the advertising goal you are trying to achieve.
is it your desire to have more website visitors, or do you want people to like and interact with your post? Dod you want increased sales.
Whatever your aim is you can optimize and advertise campaigns for any of your goals.
The first objective Do you desire to have such as