Affiliate marketing is a great business to start in 2019. With affiliate marketing you are promoting products and services to your network for a commission. There are no costs involved in starting this business, so if you are looking to start a business or get another stream of income to supplement your own then affiliate marketing is a great option for you.
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Getting started with affiliate marketing
Getting started with affiliate marketing you do not need to invest any money (especially if you are an influencer). To earn money with affiliate marketing you just need one of these things:
- A following on social media
- An engaged email list
- A blog that attracts a lot of traffic
Next you have to look at what your network uses in their personal lives or professional lives. For example if you have a large network on Facebook, what groups do you use the most, what are the most common problems they come up against and do you know of any products that you could shout out about to them.
Using this example, let’s say you are involved in a group of coaches who are trying to create videos. You could shout out about a video editing software to those having problems with creating videos.
Always only do this in groups you are active in as people need to have the know, trust and like factor. Know, trust and like factor simply put is people get to know you, they start to trust you (adding valuable content to comments) and like (where they will click on any link you show them).
OK, so that was a basic guide on how to get started with affiliate marketing. Now let’s go into different types of affiliate programs using the most common Amazon and Clickfunnels.
With Amazon, you can make money two ways with them as an affiliate. Firstly, the Amazon affiliate program and the Amazon infliuencer program. In this blog we will be looking at the differences between the two and tell you how you can start making money online.
Amazon Affiliate Program
The general idea is that if you share a link from your Amazon affiliate program, you’ll get a commission of the sale. A lot of people do not realise that there are different categories in Amazon and they all have different percentages assigned to them.
If you sell Amazon-branded products like Amazon’s fashion and clothing, the Echo devices and Fire gadgets, you get the largest commission by selling those Amazon products as Amazon gets the margin on those. Meaning, you can get up to 10% of the commission on those products. For example, if you sell the Amazon Echo, you have a better chance of getting a higher commission than if you sold other electronics which might only get you maybe a 4% commission.
So who can you sell this to people on your email list or talk to on social media. But, you may be thinking
Building an audience is part of wanting to do anything in terms of online money-making. If you want to do passive income online, at some point you are going to have to build an audience. Now the good news is, you don’t have to be an influencer and you do not have to get thousands upon thousands of followers. You could just do something like a blog that is a resource for people like you reviewing actual products that you already own, and this is a great way to make money with Amazon.
But one of the things I really love, is that if somebody decides to click on your Amazon affiliate link and they decide not to buy that product, but they buy something else on Amazon within 24 hours, you get credit for that sale. When you have people that are in your community or in your audience that are buyers and they buy a lot on Amazon anyway, if you can get to a point to where they are using your link as their gateway to how they’re getting to Amazon before they make a purchase that day or the next day, then you’re going to get credit for that sale.
Amazon Influencer Program
If you are an influencer with thousands of email subscribers or followers on your social media platform, then taking up the amazon influencer program would be the ideal fit for you. With the Amazon influencer program you can have your own customised branded Amazon shop. As with all Amazon programs you need to make a sale within the first 30 days to stay on the program.
To make sure you get that sale within the first 30 days you must know your audience and what they are hungry to buy. Next steps you need to start hustling and tell your audience at every opportunity about the product they need and tell them the results they will get from the product.
If you are looking to make a lot of money with affiliate marketing then you want to start with digital products. With digital products you can make a 30% – 50% commission as the company you are promoting has lower costs such as no shipping fees.
If you are new to affiliate marketing and want to get those bigger commissions then I recommend the Clickfunnels affiliate program. Whats even better about there program is that when you sign up as an affiliate you are given full training (FREE) to be a super affiliate.
Signing up to the Clickfunnels affiliate program you will have the chance of winning your dream car. To be able to win your dream car, in the first 100 days of signing up to the Clickfunnels affiliate program you have the chance of winning your own dream car.
Check out the screenshot below and you can see what earnings you can achieve with the Clickfunnels affiliate program.
6 Top Tips To Success
Tip 1 Select the right Merchants
Selecting the right merchants when choosing an affiliate product to promote my look like a no brainer, but you need to be strategic with choosing the right merchant. When selecting a merchant you need to look at the merchants reputation in the marketplace as a whole business and then the individual product itself.
Tip 2 Have Integrity
Whenever you choose an affiliate product to promote, have some integrity by choosing products that you WOULD have for yourself. Whenever I am looking at a product, I think would I want to sell this to my closest friends and family. If I would not then I will never ever promote this product. Also, I would never go out of my way to bash a product, as I do not want to come across like this ever on my blog, social media and emails.
Tip 3 The Riches Are In The Niches
Ah yes, the riches are in the niches is a good old saying that I am sure you have heard many times before but it is true. Choosing a niche is the best way to generate an income through affiliate marketing. My niche is starting an online business, whilst being a single mum with a chronic illness. Therefore, I choose products that would help people and I have used myself.
Start thinking of your buyer avatar. Who is the person that you would want to serve and find them the best products for their personal or professional lives? After identifying this person, make a list of products that would help them and create content around this.
Tip 4 Be Aligned With Your Products
As mentioned in the last tip, you need to find some products. I recommend choosing 3 different companies to be an affiliate for at the beginning. Having different companies to be an affiliate for allows you to not have a big drop in income if a company collapses as you have the other companies to get an income from.
If you have chosen the health food niche, then you need to choose products and companies that are aligned with this. For example, you do not want a bunch of adverts about junk food and sugary drinks.
Tip 5 Content Is King
For affiliate marketers, this saying is true. As affiliates, we are constantly churning out new information whether it is text, images or videos it is all content. The key to creating content is to create content that your target market wants. A great trick to get ideas for content is to take a look on forums and social media groups where your target market is and look at what they are asking.
It is important to note that Google is always scanning the Internet for duplicate content and will indefinitely penalise you if you have done this. Another important tip for keeping Google happy is if you have a blog, then you need to keep on creating new content or updating your existing content.
Tip 6 Traffic
To drive traffic to your blog can be done for FREE and paid, well when I say free you just need to use your time. Top ways to drive targeted traffic to your blog or YouTube video is to promote it on all social media platforms. Being on all social media platforms may sound overwhelming, so the tip is to be present on all but be active on 1 or 2. Choose 1 or 2 platforms that have your target market on and be active on there by having conversations on posts and comment on other people’s content. You will especially want to comment on other people’s content and news on your niche as this will carve you out as an expert.
Affiliate Marketing Trends for 2019
The way in which people choose to consume content and make their purchasing decisions are constantly evolving. Therefore if you are doing the exact same marketing for your affiliate product that you did in 2000 you will NOT get the same results in 2019. Here are my top 3 tips to propel your affiliate marketing efforts in 2019.
Tip 1 Influencer Marketing
You may have heard of influencer marketing and think that you need to pay for A list celebrities to promote your product. This is WRONG! You can leverage people and companies with a large following on social media (say at least 1K followers) and have an actively engaged audience. Read this article how you can use micro influencers and start working with them.
Tip 2 Live Streaming
Live streaming can help direct traffic to your blog, website or affiliate product link. Ever seen a video on YouTube where you have someone opening a box and talking about the product, this is an affiliate. This phenomenon is now being used on the other social media platforms as they embrace the live streaming feature. You may not see people opening a box but I bet you will see them showing you how they use it and its big benefits. For affiliate products that are in the B2B sector, the use of live streaming for week long challenges are now being used. For example if you are promoting something in the womens weight loss sector, a 5 day challenge can be created where the affiliate does the challenge. On day 5 of a challenge is a q&a section (if you’re brave enough) or just a call to action to buy the product you are an affiliate of.
Tip 3 Chat Bots
Chat bots on Facebook are starting to become the new email marketing as they are getting more and more advanced. Email marketing has always been a fantastic way to talk to your customers based on their behaviour, but now you can get chat bots that are starting to use behaviour segmentation.
For example, I get a message appear asking me if I am struggling with X, Y or Z. Choosing one of the options, I am sent the next relevant message according to the option I have chosen.
It has still got some way to go to truly compete with email marketing, but it is making strides. Also you never know if the other social media platforms are going to start using their own chat bots.
Are you already an affiliate, if so what are your experiences? If you have any further questions for me about affiliate marketing, put it in the comments below and I will to respond. Do not forget to subscribe to the blog if you want help building a wildly successful business and you will get access to some amazing free tools and training.