If you are interested in working flexibly from your laptop, affiliate marketing may be an option. There are many products for affiliates online and many ways to promote them, so it’s a very flexible business model that can give you time and financial freedom. At first, many affiliates struggle to make sales. It is the process of learning the skills to market affiliate products. However, if you are determined to learn this skill, it can serve you for the rest of your life.
Once you are successful as an affiliate, you can live anywhere, work for yourself and never need another job or employee again. This is a big “reward” and worth working for. But many quit before they even make a single sale.
Affiliate marketing can have a steep learning curve and there are no guarantees. You have to sell something before you can do anything. So if you’re desperate for money, it’s probably not something you should rely on to generate income right away. But if you are serious about making an income from the Internet and are willing to put in the effort, the rewards can be great.
There are many ways to do affiliate marketing, and depending on your circumstances, you can choose one of several strategies or choose a couple. However, the general advice is to pick a marketing strategy and stick with it for the long term until you get traction. Jumping from one strategy to another can mean spreading yourself too thin. \
Any strategy can be difficult, so it’s good to stick with what you’re comfortable with. Blogging or content marketing is a slower strategy than using paid marketing. Some affiliates invest in high-ticket programs and then use paid marketing to build and expand their business fairly quickly. This requires a lot more investment than someone who wants to use free programs and generate traffic by blogging for example.
Depending on your own specific circumstances, you can choose a strategy that works for you and your budget. However, free marketing strategies can take much longer and require much more work. Blogging or creating videos are two such strategies. When you upload a video to YouTube every day or create a blog post, you shouldn’t expect too much to happen in the short term. But over months and years of doing this activity, you can generate a nice passive income by promoting affiliate products through your content.
Over time, your content will grow and the videos and posts you wrote years ago can still generate income for you. As your content volume increases, you should see your sales revenue increase as well. Of course, this also depends on several factors. Depending on your topic and your ability to create useful and interesting content, it could take several months or even years before you see regular traction in your online business.
A much faster way is to use list building and paid marketing. With list building, you create a list of email subscribers and send them regular emails through an autoresponder. As your list grows and you build relationships with your subscribers, they should know you, like you, and trust you. You monetize your email list by offering useful affiliate products that are valuable to your subscribers.
However, at first as an affiliate marketer, it can be difficult. It is much more difficult to make sales with a list of only 90 people than with a list of 90,000 subscribers. In the early days it can be hard to see this and all you’re looking at is the lack of sales you’re making!
Affiliates therefore need to be patient and understanding before they build a business. However, many affiliates don’t notice this and quit way too early. Before even building an email list of 1000 subscribers, they announce “it’s not working” and quit!
A good analogy for affiliate marketing is to look at a Chinese bamboo tree. The Chinese bamboo tree thrives underground for 4-5 years before anything breaks the earth’s surface.
Once it breaks through the soil, it can grow up to 90 feet tall in six weeks.
Affiliate marketing is very similar. The gestation period can be months or years. This is the hardest time for affiliates because they have no proof that their business is working.
There are other ways you can optimize your traction with an online affiliate business as well. I struggled for years with affiliate marketing because I didn’t know this. I joined Amazon and eBay affiliate programs and worked hard to build content for nothing!
Later I found out about digital products that paid much higher commissions. For example, Amazon pays 1-11% commission for the product sold by the affiliate. Digital products typically cost much more and often from 40% to even 100% in some cases.
Also, subscription digital products offer the affiliate a better opportunity to earn regular income from a small amount of sales. As a beginner, you should definitely use subscription affiliate products. These are things like memberships and software products that online businesses use themselves.
A subscription product can allow a relatively new affiliate to start earning regular commissions much faster. Since getting your first commission is the hardest part at first, subscriptions give you an added bonus and help you achieve stability with the same amount of work.
High-ticket products are another sign of attention for subsidiaries as well. With a high-ticket digital product, you can earn much higher commissions from a single sale. For example, a $100 product can earn you a $40 commission. Whereas a $1000 product will give you a nice $400 payday – which amount often has the same amount of work.
It’s also worth joining an online community and getting help and support from mentors if you’re going down the affiliate path. With the help of a mentor, you get support and guidance. In those moments when you want to quit, they get you back on track and support and help you. When it’s just you working alone, it can be very difficult when you’re not making much progress.