So here’s a few frequently asked questions about affiliate marketing which might help you. More and more people are discovering affiliate marketing as a suitable source of extra income or to replace their income completely. This is entirely possible if you go all in and make the decision to commit to the journey!
Frequently Asked Questions About Affiliate Marketing – What Is Affiliate Marketing?
Affiliate marketing is a performance based business model in which third parties can refer customers to other people’s products. You don’t need your own products to become an affiliate which is one reason why it’s so popular. You don’t have to deal directly with customers, handle products or even invest in any stock. Joining an affiliate program is free but you only get paid when you successfully refer someone who buys a product through your affiliate link.
Frequently Asked Questions About Affiliate Marketing – How Easy Is Affiliate Marketing To Learn?
Everyone has a different experience of affiliate marketing and there’s many routes you can take. Some affiliates use organic marketing strategies to sell products, such as blogging. Others use paid advertising to drive traffic. Whatever strategy you use it will definitely take some effort initially before you can make your first sale as an affiliate.
A lot of affiliates quit (around 95%) which shows that it’s not an easy business to do. However, the entry requirements of becoming an affiliate are very low. This also means there’s virtually no barriers to entry, which can also explain the high drop out rate. Almost anyone can “give it a try” for nothing! Those who commit, get help and support and have a big enough reason to make affiliate marketing work for them are in with a better chance. Those who are just “giving it a go” are less likely to commit and more likely to quit.
Frequently Asked Questions About Affiliate Marketing – How Much Can Your Earn With Affiliate Marketing?
Top affiliates can earn 6 figure incomes but these are the few who go all in. Everyone starts in the same place with affiliate marketing – making nothing. Your first step is to figure out how to make a single sale online. Once you crack that, you can make many more. Because you’re selling products and not trading your time, the potential earnings from affiliate marketing are unlimited.
Your earnings will depend on the time and effort you put in, and the products and marketing strategies you choose. See also affiliate marketing average income.
How Long Does It Take To Start Earning With Affiliate Marketing?
This will depend largely on your marketing strategies. If you choose a slower and cheaper marketing strategy, such as blogging, it can take several months before you start to see regular sales. With paid marketing you can turn on traffic much faster and generate sales within a few weeks, depending on your marketing budget.
To speed up the process make sure to access the free video series and get some training and support. Getting help can fast track your affiliate business because you’ll avoid many of the mistakes which beginners make. Using high value products and paid marketing strategies will also allow you to sell more quickly. With low value product it can be more difficult to use paid strategies and still come out with a profit. So slower and cheaper marketing strategies must be used.
How Much Does It Cost?
You can join most affiliate programs completely for free. However, the real skill in earning as an affiliate is in the marketing. Without proper training it’s easy to struggle and this is why so many affiliates quit – they fail to make sales because they haven’t had any training. You can access the free video series here and find a basic course for $37.
More in-depth training, resources and personal coaching will cost more on a sliding scale of value. So it’s worth considering how committed you are and what you can afford. An investment in your online education can ultimately help you become financially independent and earn full time online. So it’s worth investing if you’re committed to succeed.
High ticket digital businesses and coaching can be more costly, but they can pay out much larger commissions when you start generating sales.
Can You Do Affiliate Marketing Without A Website?
You can do affiliate marketing without a website. Simply send traffic directly to an offer using your affiliate link. However, many affiliates use websites for a number of reasons:
- You can collect emails from a website – helping you build a list
- A website gives you an affordable way to drive traffic – such as through blogging, for example
So although you don’t necessarily need a website, other traffic generating methods can be more costly – paid marketing for example.
What Are The Best Products To Sell As An Affiliate?
The best products to sell will depend on your particular situation and interests. Ideally though find a high quality product which will stand the test of time. Low value products can easily be removed and if you’re spending time creating content to promote them, and suddenly the product disappears, you’re going to have wasted a lot of effort!
High ticket products are a good idea if you’re using paid advertising because you can recoup advertising budget and make a profit more easily. In general it’s a good idea to choose something you personally endorse and can get behind fully. If you’re building a niche around a topic you love, you’ll be able to sustain your efforts for much longer because you’ll enjoy the process. If you’re promoting something you don’t believe in, this conflict will likely show up somewhere in your marketing efforts, and potentially sabotage your business!