Affiliate Marketing Tutorial: Get Started...
Do you want to make money online with affiliate marketing? Then you`re in luck because this is the only affiliate marketing tutorial you’ll need to get started. Just to warm up, let me tell you that the affiliate industry will hit $8.2 billion in the US alone.
Don’t you want your chunk of it?
The best thing about affiliate marketing is that it’s almost passive income. That means you can make money even if you quit your job after a while. But before that you have to work hard! Even a $ 8.2 billion piece will change your life forever.
So let’s start with the basics of affiliate marketing.
Before you can make money from affiliate marketing, there are some concepts you need to understand about it. This section describes the business models and types of products and services available for marketing.
But let me define what affiliate marketing is!
What is Affiliate Marketing
As an affiliate, this is the type of marketing that earns commissions on the marketing of products and services that you do not own. You are looking for a product or service, enjoying it, and recommending it to your audience.
According to Web Market Support, 84% of publishers benefit from affiliate marketing. That means you have great potential to make a lot of money online. Affiliate marketing is based on a revenue sharing model.
This brings me to the second concept of affiliate marketing, the business model. When you promote a product or service, the owner receives sales and deals. And for that you get your commission.
Affiliate Marketing Tutorial: Models
Affiliate marketing has two main business models: unit sales price and unit price action. Understanding these models will help pave the way for affiliate marketing.
Cost Per Sale Affiliate Marketing
In this business model, you will only make money when your audience buys something through your affiliate link. This could be a physical product such as software or a gaming laptop. CPS dealers vary in size. And sometimes they have a physical store.
Amazon Partners can help you earn commissions, for example, when someone purchases a product on Amazon via your link. Even if you send millions of visitors to Amazon’s e-commerce store, you won’t be able to earn $ 1 unless they become buyers.
Cost Per Action Affiliate Marketing
It has been accelerating for years. This is relatively easier than CPS, as you don’t need to sell to earn commissions. But it’s fierce competition. And most affiliate marketers may spend money to make money.
Ian Fernando spent $ 8,000 on advertising and earned $ 9,500. The net prize is $ 1500. not bad! You need to carefully consider all factors. This is because a slight increase in cost per click can mean a loss to you.
Don’t worry. It doesn’t happen much when you are a niche promoter. This means that you need to create a website or landing page based on a niche category. And when you advertise, you turn many visitors into customers.
But first you need to know what kind of product or service you are promoting as an affiliate.
Types of Products or Services
There are many products and services you can choose from. Affiliate marketing can be done for paid memberships in physical product courses. Let’s break them down into three main categories and then shed some light on them.
Digital products are definitely very valuable. You can’t touch, hold, or taste digital products, but you can consume them. For example, you can enjoy a music video, but never touch or taste it.
And that’s why you need to advertise in order to get affiliate commissions for you. These products are often delivered in the form of downloadable or streamable digital files. Marketing these products is a bit more difficult than physical products.
But why? This is because it competes with the free content available online. Digital products that generate significant conversions include:
- Educational Products such as Courses
- Website Membership
- Digital template or tool
- Music and art
- License to use digital assets
Where can I get digital products for affiliate marketing? To do this, access some of the best networks and platforms, including:
- CJ Partner
And the list goes on. First, you need to create an account there. Then look for products related to your niche. Start promoting them and earn affiliate commissions. Affiliate marketers like Pat Flynn earn up to $ 100k per month.
If you want to choose a less competitive product, choose a physical product. I’m not saying that the iPhone is still competitive in the market, so you should choose to sell it. But of course, you can choose from several products.
How to Choose Physical Products for Affiliate Marketing:
- Go to E-Commerce Giants like Amazon, eBay, Alibaba etc.
- Browse product categories
- Check out the positive reviews
- Choose a solid product
Then start creating the content. Embed your affiliate link in it and earn affiliate commissions on all sales. If you’re interested in promoting physical products, take advantage of Amazon Associates, the largest affiliate marketing program.
Some may think of it as a digital product. But I think online services are different. Services can be based on software as a service (SAAS) or soft skills. You can promote Saas products such as Canva and SEM Rush.