You've probably heard of stories of people who will tell you that their bank account had more money it after they returned from vacation than they left a week prior. They look at their income reports and it looks a little like this:
(Image source: SmartPassiveIncome)
Too good to be true? Not in the slightest!
Entrepreneurs have been earning affiliate commissions for years how and the best part is, it's never too late to jump on board and start earning with it.
Residual Income
If you're new to online marketing, affiliate marketing is one of the best ways to grow your income. In fact this is how most people start making residual income online.
Why? Because you don't have to go through the headache of any of the following:
product research, surveying the market, merchandise, storage or product shipment.
Everything is done for you!
So, if you're intrigued to learn more about what affiliate marketing is, what goes into it, how you can profit big from it, and more details most people won't tell you about, read on!
Everything you need to know about affiliate marketing is right here within this guide, I recommend you bookmark this page so you can come back to it at any time.
I've provided a quick navigation below to you can easily come back to a specific point.
Quick Navigation
Defined: What is Affiliate Marketing?
The Product Creator
The Affiliate Network
The Affiliate Marketer
How To Make Money With Affiliate Marketing
As A Product Creator
Creating Your Product
Attracting Affiliates To Your Product
As An Affiliate Marketer
Sign Up With An Affiliate Program
Creating Product Reviews
Product vs Product
Recommend Things You Already Use
6-Figure Super Affiliate Strategy
Build An Email List
How To Build An Email List
Create A Lead Magnet
How To Create Your Lead Magnet
Create A Capture Page
Automate Your Business
The Secret Sauce To Go Full-Time
Build A Brand - Even If You're Brand New
Step 1. - Identify Your Strengths
Step 2. Inundate The Market With Value
High Ticket Affiliate Programs
What Is High Ticket Affiliate Marketing?
How To Make Money With High Ticket Affiliate Programs
Leverage With High Ticket Programs
One-On-One Coaching
Closing Sales For You
Conclusion
Defined: What is Affiliate Marketing?
According to (Wikipedia):
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own efforts.
Defined by me:
Affiliate marketing is simply a way to earn commissions from another person or company by promoting their products or services. When someone buys as a result of your marketing, you make money. As an affiliate marketer, you'll make money by connecting people with products of services.
Typically, there are four parties involved in the entire process.
1. The product creator
2. An Affiliate Network
2. The affiliate marketer
3. The end user (customer)
Although there are other avenues to affiliate marketing which leave out an affiliate network, the process we'll discuss here is most common.
The Product Creator
Usually, this is a solopreneur or company that has an idea of a product. They create the product on their own or hire a team to develop it.
Often times the product will be in a digital format, however, developing products of all kinds is possible.
If I could throw a number on it, I would say about 90% of affiliate marketers start out using an affiliate network to find and promote products.
The Affiliate Network
An affiliate network acts as a "hub" between the product creator and the affiliate marketer. Product creators upload their products to a network and affiliate marketers come here to find their products and promote them.
Why would a product creator use an affiliate network instead of just deal directly with an affiliate marketer?
This is a great question. Although it's possible to completely leave an affiliate network out of the equation, there are some perks for a product creator to use them.
Affiliate networks usually have hundreds, if not thousands of products for affiliate marketers to promote. Remember, 90% of affiliate marketers come to these networks to find a product to promote, so, with this in mind, if a product creator uses an affiliate network for their products, they have a higher chance of their products being found by affiliates to promote.
This can be very beneficial to product creators who don't have a huge list to push their products out to.
Clickbank and JVzoo are among some of the most popular affiliate networks.
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