What is the easiest way to create an online business and start to make money on the internet if you’re a newbie? For most people it will be affiliate marketing.
The concept of affiliate marketing is simple: you are selling products or services for others. And of course, you are doing the marketing campaign for other vendors’ products to be sold to the public. In other words, it gives you the avenue to earn commissions through promoting other peoples or companies’ products.
3 Different Concepts
CPA (Cost Per Action) Affiliates earn a commission each time a visitor they send to the offer executes a required action. For example, buy the product or deposit funds.
CPL (Cost Per Lead) Affiliates earn a commission every time they drive a lead to the offer. To allow the commission to be awarded, the site visitor typically must enter information like an email address or telephone number.
CPS (Cost Per Sale) Affiliates earn a percentage share of the product sales the Affiliate directs to the offer.
You start out by choosing a product you like. You then promote it in the most efficient way you can and make a sizable profit for our efforts. But in the end of the day, the most important and truly rewarding part of affiliating is when a sale is made. That’s right folks, your long hard earned commission!
Essentially, it is a performance-based marketing. I’m sure you agree with me on this one; how much you earn as an affiliate to the vendor corresponds to your sales. If you were to make a lot of sales, then you’ll earn a big amount of commission. If not, however, you won’t earn as much.
That is why you must remember: you will only be commissioned when a sale is made through the link you provide. You will not be commissioned for sales that were made from other links.
Why Affiliate Marketing?
With affiliate marketing, you possibly can accomplish three things for three different people.
First, you are making yourself (the publisher) feel good for earning a commission.
Second, you’re helping a company (the advertiser) or other people to gain new customers that they don’t already have.
Finally, you are making a new satisfying experience to your customers. They would discover a product from you that can really be helpful and desirable.
How much money do i need to start?
Let’s make it clear. Our expenses doing affiliate doesn’t have to be expensive and complicated. In fact, it can be done quickly with a profitable outcome. You don’t need for a big email list to drive traffic to the offer and a huge budget.
So, without having to need those things, what should you have to make extra commissions from affiliate marketing? Personally, I would say a sense of creativity and a good work ethic will take you a long way when you apply them to the proper strategies.
The thing about affiliates is how we don’t have to make our own products for this business to run. Yes, you know that you don’t have to go through the trouble of actually coming up with ideas and the labor of producing something. Instead, you’ll be selling other people’s products.
You are, in short, an online sales agent. Your main task is to make sales but to do so, you have to be creative with your approach to your potentials.That’s why in future posts, I will break down the steps you need, to scout for the potential killer products!
On another note, you don’t have to provide customer support for the products you sell. All enquiries or complaints will be directed to the product’s vendor. The vendor is responsible for its products and customer care. They will bear the brunt and grunts if anything goes wrong.
However, should that happen, your reputation and credibility would be affected too, but not as severe as the vendors. I’m sure some of us have gone through this experience at some point. So, always keep that in mind.
What’s more, most of us neglect even the very basics of affiliate skills when we first started. So, what are those mistakes you’ve been doing all this while that you are unaware of? These could be the very reason why you can’t seem reach the breakthrough you’ve always wanted for your commission.
The thing that you could’ve been doing unknowingly is not building your own mailing list. This is an exceptional no! Your buyers’ list is the very foundation of your affiliate marketing endeavor. It is the very basic of it all and you should always regard it with the highest importance.
You might think I’m joking but there are some of us who neglect the need to follow-up with their list!
Generating traffic is where most new affiliates struggle.
Another folly of a common affiliate marketer is not knowing how to generate traffic at its fullest. You have your own way of doing this, of course, but are you truly maximizing the number of potential that you should have been generating?
Facebook, Google AdWords, Solo Ads and many others are only some example of the methods of making traffic. Even I must admit, traffic generating method is far more intricate than what it is thought to be.
But do not fret. If you follow this blog, I will show you some of my free traffic hack for you to increase the number of traffic and eventually your commission! So, the next common mistakes most of us have been doing; investing without making profit. Marketing involves a lot of effort from you and that takes a long time. Finding your target audience and coming up with ways to approach them requires a lot of work on your end.
An inexperienced affiliate would engage in an advertising campaign with limited knowledge of its inner workings, and, naturally, would lose more money than they gain. Do not take too much time looking up on the best product that you want!
I realized back when I first started; constant search for a so called ‘best product’ that even I don’t even know its true criteria, takes too much of my time. Before I know it, I just missed multiple opportunities that I should’ve been taking before! How frustrating is that?
But you are in luck! I will show you how to spy on the market and become a super affiliate using JVZoo, Warrior plus, Clickbank and other affiliate networks.
So pull up your sleeves and get started.
