Affiliate marketing is a fantastic business model that allows anyone with basic computer skills, marketing knowledge and a certain level of determination to start their own profitable online business. If you want to learn affiliate marketing, this post will cover all the bases for you.
My aim is to equip you with knowledge, that will help you to avoid a lot of the common mistakes and pitfalls that people fall into when starting out as an affiliate marketer.
The reality is that 90% of people that attempt affiliate marketing will fail.
isn’t that crazy?
Here’s the deal:
If you’re an “opportunity seeker” looking for the next magic bullet solution then this won’t work for you because it requires hard work, persistence and dedication. The truth is that there is no magic bullet solution with anything, and if you manage to find something that makes you money that quickly, typically it won’t stand the test of time.
If you’re willing to put in the hard work though, I can tell you that the results are definitely worth it. There are many affiliates out there that are generating six and even seven figures a year from affiliate marketing alone.
Anything is possible with right work ethic.
I love sharing infographics! This one shows a very basic diagram on how affiliate marketing works:
Thanks to Commission Factory for producing that simple yet highly informative infographic.
If you're completely fresh to affiliate marketing, and you want to learn more about how it all works you might want to check out my post on what affiliate marketing is.
Why most people fail at affiliate marketing and other business ventures:
This is a topic that wouldn't even be covered in most affiliate training platforms. Most training courses out there will teach you the nuts and bolts of what you need to do to get results (which is great) BUT they fail to cover the most important subject matter when it comes to doing your own thing, whether that is starting a franchise, becoming an affiliate or launching a start-up company.
The reason why most people fail at business is because it is a direct reflection of your personality and your belief systems. Most people don't have the right mindset for business, they don't understand concepts such as failing forward and true focus.
The majority of people are fleeting in their efforts to make it out on their own. When something doesn't work they jump onto the next thing, hoping and praying that it will work.
Entrepreneurs make things work, they make the best of what they have available to them and they focus on one thing until it yields results. Only then do they shift their focus onto something else. If you want to learn affiliate marketing and become successful at it you need to take a serious look at your mindset and see if you have any limiting beliefs that are holding you back from achieving your true potential.
The three things that will determine your success in any business venture:
- Persistence. The ability to persist in the face of adversity forms part of your emotional intelligence. Self-motivation, self-awareness and self-management are the keys to concrete results in business.
- Consistency & discipline. Mr consistent usually gets the best results. Being consistent and disciplined in your business ensures you'll minimise distractions that will delay your success. It will also help you develop a structure around your daily actions so you won't waste time figuring out what to do next. Creating a plan and sticking to it is essential for long-term results.
- Action. This is by far the most important point of them all. Your ability to take action to generate results will determine the results that you get.
What tends to happen to a lot of people when they come into the affiliate marketing space is that they're fascinated by the plethora of options available to them. They get distracted by shiny objects and end up being overwhelmed by everything. People also tend to get stuck in education mode when taking on something new. They spend all of their time absorbing training and none of the time actually implementing it!
Let me make things simple for you. 20% of your time should be spent learning and the other 80% should be spent implementing the things you've learnt. This is how people have achieved fantastic results in a matter of weeks.
The 80/20 rule also applies to many other things. I'm a firm believer in the Pareto principle, the law of the vital few. This principle states that most of the results in any situation are determined by a small number of causes. There have been many books and countless debates and discussions on this topic.
Here are 13 examples of the Pareto principle if you want to learn more about it.
The bottom line is that when it comes to your marketing (in most cases) you will find that 80% of your results will come from 20% of your efforts. This is why optimisation is SO important in marketing.
You don't need to become a marketing genius to successfully promote products and services online. You just need to learn the fundamentals to get you started.
So lets crack into some questions you probably have about getting started with affiliate marketing:
Are all affiliate programs created equal?
A quick search for "affiliate programs" in google brings up a whole host of results. There are affiliate programs for pretty much everything nowadays and this is good because you can find something you genuinely like. You might even find something you're passionate about and you can promote that product from a place of genuine enthusiasm.
It's hard to promote a product that you aren't into or something that you haven't tried out for yourself. People will be able to see that you're just trying to sell something as opposed to providing valuable, useful information.
Affiliate programs are NOT created equal. There are tons of affiliate programs out there that only pay tiny commissions. A big problem people have is that they pick the wrong affiliate program, spending time and money on something that just won't yield great returns. This is why you must do your research. Find out what is out there and compare what each program has to offer.
In my own experience, there are certain affiliate programs that set themselves miles above the rest when it comes to generate a significant income. The best type of product/service for an affiliate to promote is one that is part of a high paying affiliate program.
High ticket affiliate programs offer high-end products and services that sell for hundreds if not thousands of dollars. These products allow you to net BIG commissions. So instead of wasting your time trying to sell a $25 ebook. You can promote a course that costs $3000 and net the huge commission that comes from making a sale like this.
It takes the same amount of effort to sell a $25 ebook and a $1000 training course. So you might as-well dedicate your efforts to promoting high-end products and services.
This is what separates the wildly successful affiliates from the ones that are only getting mediocre results.
Do I need a website?
Most affiliate platforms will have you believe that you need to create a website and post reviews on products and services for you to get results but this is simply not true.
You don't need a website to get started with affiliate marketing.
There are products and services out there that you can promote directly through paid advertising methods such as Google Adwords, Youtube and Facebook. The biggest advantage of paid advertising is that it's a much faster approach to marketing and yields instant results.
You don't need to spend months building a website and posting content, not to mention waiting for Google to index your posts and thats not even touching on things like SEO.
The most important thing for you is to master one platform so you can confidently produce results on it. Once you've done that then you can really start to scale and leverage your marketing efforts into something big and beautiful.
How do I market products and services?
There are countless ways for your to market products and services online. If you're going down the paid advertising route you have PPC advertising (Google Adwords, Bing Ads), Youtube, Facebook, Pinterest, Instagram, banner ads, solo ads, native ads... and the list goes on.
The key here as mentioned before is to not get overwhelmed by trying to master too many things at once. Pick one platform that suits your target audience best and run with that until you start producing concrete results.
Keep things simple with your marketing. Don't overcomplicate things or you'll end up throwing your laptop out of the window!
What most people do when they learn affiliate marketing:
This is how the process goes for most people that start affiliate marketing on their own...
They do some market research, look at a bunch of affiliate programs and probably end up picking an affiliate program from Clickbank.
After they've picked the product they want to promote they either buy the product or just do some research into it. Once they've gathered some information on what they'll be promoting they go ahead and buy a domain.
Once the domain is bought they set everything up (which isn't as hard as it seems) then start filling the site up with mediocre content.
After posting a number of articles they realise that they need to promote their content. Their site doesn't rank for any keywords because they haven't acquired any backlinks (SEO).
They switch between various marketing platforms, trying different strategies to see what works and getting close to zero results on each one.
They get overwhelmed by all the different marketing strategies they're trying and they eventually give up.
They go back to doing whatever they were doing before.
Sad isn't it?
I know this because this happened to me and countless other people I know.
But it doesn't have to be like this for you...
The correct way to learn affiliate marketing:
In my opinion, the best way to learn affiliate marketing is to implement the information while you train. Learning and implementing hand-in-hand exposes you to the knowledge you require and empowers you with the practical skills as you implement the training immediately.
No procrastination, no delay, just pure action taking.
You also need to have a mentor that will guide you and take you by the hand. Most people have a whole bunch of questions and having a mentor removes a lot of the uncertainty associated with starting out something new like this.
You need to have a step-by-step training program to follow. The right education is instrumental to your success as an affiliate marketer, not all training is created equal and you need to have access to a training program that will show you exactly what you need to learn to start generating leads and sales in your affiliate business.
What's the best affiliate marketing program?
I'm going to be completely open and honest on this one and I'm speaking from my experiences with various affiliate programs out there.
There is one platform that stands out hands and feet above the rest and it is a program that I openly promote on my website. It's the only thing I'm willing to promote on my website because it is something that has genuinely changed hundreds of people's lives all over the world.
This isn't just an affiliate program. It is a digital business platform that teaches you how to become an entrepreneur.
It is a platform that empowers you with the digital skill sets as well as the entrepreneurial mindsets required to succeed in the online space today.
Have you always wanted to venture out on your own but felt like you were just missing something? Missing a system you could plug into? Someone to take you by the hand and show you what you need to do?
This training platform fills in all the gaps that are missing when people try to do this all on their own, exponentially increasing your chances of success.
Ultimately the level of success you achieve is up to you. It all depends on your work ethic and your ability to execute on the training provided.
You could have the best training in the world but if you don't take action you'll still get zero results.
With all that being said, we offer a free video training series that breaks down exactly how this online business platform works, what it's all about and how you can take advantage of the unique opportunities you have available to you today.