What is affiliate marketing?
King Mighty’s Affiliate Marketing Extensive Guide
Affiliate marketing is the process of earning a commission by promoting other people’s products. It’s this simple! You don’t have to spend a dime creating your own products! This makes it the easiest place to start for anyone looking to start an online business. All you basically do is; you find a product you like, promote it to others, and earn a piece of the profit (commission) for each sale that you make.
So what you are doing here is; you’re generating an income by sharing, recommending or promoting another company’s or person’s product or service. The commissions you earn from recommending other people’s products can go up to 75% of the sales price. In other words you can earn more than the company or owner of the product you are promoting.
“So how does the company profit?” You may ask.
The company or owner of the product will profit in one of the following ways; they will promote other offers to the customer after they (customer) have made the initial purchase. They also consider taking the small commission which eventually pays out since they have a lot of affiliate just like you! So, with this explanation, I think you get the whole picture.
How are affiliate products promoted?
To promote affiliate products, all you will need is to get the affiliate link from the company whose product you are promoting. An affiliate link is a special link that’s unique to you in particular. The uniqueness helps to identify when a sale is made from your link, which helps you get paid. It’s a whole system i may not be able to explain in detail, but that’s just about it.
Once you have the link, all you have to do is to drive traffic (website visitors) to that particular link. However, that sounds really straight forward, but it’s got to be done right and in a smart way! Part of what i talk about in this particular guide.
This is the biggest problem you will encounter with affiliate marketing
I always tell my students to forget about money if they actually want to make decent money online. By this I mean that you will have to put you customers/subscribers/prospects first (their needs first). If you put money in position 1, then chances are very very very high, you may not excel in affiliate marketing. Simply put, you will have to give value, as much value as possible, because today most of the sales made are relationship based. You will have to build agreat relationship between you and your subscribers/ prospects.
Doing affiliate marketing the right way
Like other online businesses, you will need to forget about money to actually make money online.
- Putting value first will help you make stronger relationships with your subscribers
- Only recommend products that you actually use
- Treat the product you are promoting like your very own product