What is Affiliate Marketing? The Billion Dollar Industry

affiliate-marketing

Have you ever wanted to make money online, but you’re not sure where to start?

Affiliate marketing is a perfect way to get started. Affiliate marketing is the process in which a person earns a commission for marketing and selling another person’s product.

For example, let’s say I have a fitness plan that I offer for $100 and I offer 50% commission to my affiliates. If you sell my fitness plan through your affiliate link, you would receive $50.

Pretty cool, right?

People earn hundreds to thousands every month through affiliate marketing, and there is plenty of opportunity for you as well.

Who can become an affiliate marketer?

Pretty much anyone can join the affiliate marketing world. All you need is access to the internet.

Once you find a product, service, or course that you like, you contact the company or person and ask them if you can sign up as an affiliate for their product.

Some companies don’t offer this service, but there are definitely people out there who are definitely looking to have their product promoted.

Once you are signed up, a company will provide you with a unique link, so when somebody clicks it and purchases the product, they know that the sale goes to you.

Usually, the website will also attach a “cookie” to the person’s device. This is a small file that tracks information that will eventually go back to the seller so they know to give the sale to the correct affiliate.

What products can you promote?

There are are a variety of different products that you can become an affiliate for. Products range from health & fitness all the way into the field of finance. They key is to a profitable niche that works for you.

For example, if you are interested in finance, you can start an Instagram account and build a following around that topic. You can then sell a finance course by connecting your followers to a product that you find useful, such as a book on dividends.

Where can you promote products?

The great thing about affiliate marketing is that there are so many different channels and social media platforms that you can use to your advantage. Some excellent platforms to grow a following on include Twitter, Instagram, and even Youtube.

Along with this, some people write blogs and build email lists, so that they have even more of an audience to sell to.

In order to learn how to become successful in this industry, I suggest you grab a copy of Dominate Twitter, so you can learn how to grow a successful brand and business.

The online world is extremely competitive, so it is essential to increase your knowledge and gain a competitive edge.

Why should you become an affiliate marketer?

Low Risk

This type of marketing is easy to learn and is extremely low risk. Along with this, it is a great way to earn another source of income. You can do this while still working a full-time job.

Starting a regular business requires a lot of overhead costs and can be risky. You have to factor in rent, employees, products, and other miscellaneous equipment without the guarantee of success.

Affiliate marketing only requires a website or personal brand on social media, so it is a relatively low cost to start. If it doesn’t end up working out, you won’t be too stressed because it didn’t cost much.

Along with this, if you do see success you also have the ability to scale up and offer many different products.

Passive Income

A regular job requires you to be there hands-on in order to earn income. Affiliate marketing gives you the power and the potential to earn money while you are away from the computer.

For example, let’s say that you have an Instagram account that focuses on Basketball training. You put out awesome content and eventually scale it to 100K followers.

You decide to create an online course for $50 to help players improve their game. Let’s say you’re sleeping, but someone across the U.S. is scrolling on their phone and decides to purchase your course.

Boom! you just made money while you were asleep. That’s the power of passive income.

How much can you earn?

Affiliate Marketing is a BILLION dollar industry. 

The simple answer is you get out of it what you put into it. There is no limit.

Some people use affiliate marketing as a side hustle to make a few extra bucks each month, while others do this full time.

As I mentioned previously, grab Dominate Twitter if you’re serious about creating a brand.

Sounds Perfect!

Affiliate Marketing is an amazing opportunity if you’re looking to earn online. Like anything else in life, it takes consistency and hard work to see results, but if you put in the work you will be successful.

Once you see that first sale come through, you will become addicted. The small wins will eventually snowball into bigger ones.

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