Let’s get right to the bottom line – the foundation for success online as an affiliate marketer is simple. It all boils down to this:
- Having the right mindset
- Not getting caught up in trying new things
- Not trying to do everything at once
- Treating it like a business
- Have a plan
- Build step by step
As simple as it is, I’m sure you’ll agree with me when I say, “There’s always more to everything…” For example:
What are YOUR motivating factors that will drive you to succeed?
How will you structure your business for long term success?
When you choose your niche what factors should you look for?
How can you determine the profitability of an affiliate program?
Who will you turn to for help when you need it, and how much will that help cost?
Not long ago, I was in the stage most affiliate marketers go through, With all the options out there, it was easy to be pulled in so many different directions at once that there wasn’t enough time to implement any of them effectively.
The End Result?
So much time spent – it took some years to finally stumble across the one source that put an end to the constant jumping from one thing to another and the pain of not achieving a sustainable or scalable online income.
So much money spent – my hard drive is full of software that was supposed to do all the heavy work. You know, automate the marketing process for you?
There are tons of ebook training guides, affiliate marketing training videos and webinars that are outdated now because new marketing methods and strategies emerge so rapidly.
So much frustration and embarrassment! My family and friends kept asking why I was doing this? Bills kept piling up. And the worst part was facing my wife and hearing her complain about the lack of anything significant to show from my efforts.
In spite of all that, my vision prevailed. I kept my purpose alive. Fueled by the fires of passion, the search for the solution to my woes continued.
And then, one day I found it. A step by step guide to affiliate marketing.
This wasn’t a PDF or a video. or a series of webinars. It goes way beyond the typical affiliate training sites. But more on that below…
The Best Affiliate Marketer Training – Just A Click Away
From niche selection to website building, to understanding and working with the technical aspects of WordPress, or whatever platform you choose to create and monetize your content, i.e., YouTube, Facebook, or Instagram, to traffic generation, tracking, and analytics,
There’s more to the life and work of an affiliate marketer than posting a link somewhere online and hoping someone clicks it and makes a purchase.
Let’s start with Mindset – What’s your motivating factor? Are you in it just for the money, or do you genuinely want to provide value to the people who are interested in and can benefit most from the product/service you promote?
An affiliate marketer is in the people business. To be successful you need to understand and appreciate the people who need and want the products/services you promote, and who ultimately you serve.
Money is a byproduct of giving value in the content and products we create and promote. Helping our audience get the information and products they need and want, helping them make decisions and get access to the products and services that fulfill those needs and wants is what we do.
Business Structure Determines Success
If you want to structure your business for long term success, you need to build it upon a solid foundation. Like any other business, there are clear cut stages to building a profitable and scalable online business.
There is a sequence of events that has to happen before moving ahead to more advanced stages. If you race ahead to try to get traffic, or to get money, and skip over the fundamentals, you risk setting yourself up for failure.
I’m sure you’ll agree that before you can sell something online, you need an audience to sell it to. You also need a way to attract them to you.
Before you can attract them, you need a website or a platform like YouTube, Facebook or Instagram to place yourself in front of your potential customer.
Of course, whatever platform you use… it all boils down to You, Your Relevant Content and Your Customer.
Determining Affiliate Program Profitability
The numbers below are a sample just so you can get a good idea of the earning potential of a given affiliate program, and what you’ll need to do to reach your income goals.
Looking at some lower end averages, let’s say you get 1,000 clicks to your site in a month. That’s 33 clicks per day.
That’s a fairly realistic number if you’re just starting out, and once you really get going you can do much more than that.
So out of this 1,000 clicks, let’s say you get a 20% click-through rate on your affiliate links.
1,000 x 0.20 = 200 affiliate clicks
Scenario 1: If 1:50 (or 2%) of these people end up buying something, you will make 4 sales.
Scenario 2: If 1:20 (or 5%) of these people end up buying something, you will make 10 sales.
If you are promoting a product that pays $30 per sale (pretty typical), you will earn $120 in the first scenario and $300 in scenario 2.
These are very conservative numbers, and this is in just one month! That same traffic is going to convert for you year round and is going to be working for you 24 hours per day.
Let’s look at some realistic, but bigger affiliate $$$!
Within time, as you work on building out your authority site and your feeder traffic (traffic that is driven to your website from other sites) you will reach a point where you are getting much more traffic, 100+ unique clicks/day.
There are many products out there that also offer $100+ per sale in affiliate commissions (like the Wealthy Affiliate one).
100 clicks day = 3,000 clicks per month
Let’s keep the 20% click-through ratio. 600 people each and every month will be clicking through to your affiliate links.
Let’s say you are promoting something that leads to $100 per sale and you are converting at 1:20 (30 overall conversions).
That is $3,000 in profit in ONE month. That is a $36,000 profit each and every year. And this can be scaled to any level you like.
Rankings are everywhere and will only continue to grow cumulatively over time as you build out your sites. This is a reality from your affiliate marketing efforts alone, but this just brushes the potential.
You will hear stories about people earning $1,000/day off of a single keyword (I have done this personally, so I can vouch that this is a possibility).
This is true and it’s possible for you too. You will hear stories about people earning residual income year-round from their home. This is a reality and this is typically accomplished through affiliate marketing in one way or another.
Now that you understand the process of how affiliate programs can earn you money, it is time to take positive action… Start An Affiliate Marketing Online Business Now!
Avoiding The Pain Of Failure
As lucrative as affiliate marketing may be, there are some common traps lots of people fall into that often lead to failure.
Getting caught up with distractions and/or shiny object syndrome is one of them.
Looking for something that will work fast to generate the income they’re after, they listen to popular catchphrases and other marketers promoting their own stuff saying that they need to do this method or that method.
Then they try to do everything at the same time and wind up scattered and getting poor results.
Another reason people fail is due to their expectations. A lot of people want to make money online in the first 2 weeks, or 30 days.
Sure that can happen, but if you’re working to build a sustainable, income-generating online business, it takes time.
You know you do have to deal with the demands of everyday life and the inescapable learning curve.
And the time it takes to build step by step, so you have a solid foundation upon which to grow your business and income.
Failing to understand who their customer is and/or not knowing how to reach them and convert them into paying customers is one of the most difficult reasons to overcome.
I’ve got your back, though. You see, I’ve been through the wringer, and came out well pressed. I’ve done this, that, and the other online; trying to find the real deal about what works. Now that I’ve found it, I honestly want to help YOU hit YOUR six-figure jackpot.
If you try to figure it all out yourself, it could take you longer than you think to make a sustainable income online. Do you have the time, the money and the fortitude to keep struggling, waiting for that big breakthrough?
Learn from the experience of others – Get access to live classes, discussions, and step by step Affiliate Marketing Training from marketers who have been where you are now and can help you get where you want to be!
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