Affiliate marketing is serious. There is some serious money being made in this Industry and the entry barrier is incredibly low.
Even the likes of Amazon have an affiliate program, and guess what?
It’s open for everyone. That’s right, you don’t even need approval.
So, today we will be talking you through how you can get started with affiliate marketing and start building an affiliate marketing business.
What Is Affiliate Marketing?
Affiliate marketing is a type of marketing that is used by many companies.
The companies partner up with affiliates who can sell their products for a commission.
Affiliates sell these products through a special & unique link, if a sale is made through that link, the affiliate will receive a commission.
There are tons of companies including amazon that have these affiliate programs, that you can join.
How Much Money Can I Make with Affiliate Marketing?
It’s a business, you make sales. This means there is no limit on how many sales you make. In fact, if you promote products through creating content on YouTube or on your blog, it’s very easy to earn commissions while you sleep.
There are also tons of other ways to generate sales while you are sleeping, for example email automation.
So, in terms of “how much”, there is no answer to that question as the numbers are unlimited.
How To Learn Affiliate Marketing
The best place to learn affiliate marketing is Five Star Funnel. They create daily blog posts with valuable insight about affiliate marketing.
As it is a blog, of course, all the content is free. Another reason, why Five Star Funnel is a recommended resource for beginners is because a lot of their content is made for beginners.
For example, the post, “how to build an email marketing business for free”. This post shows how to build an email affiliate marketing business for completely free.
Additionally, they also have tons of free information on other affiliate marketing methods.
Affiliate Marketing Is GROWING
Another good reason to start learning about affiliate marketing now, is that the Industry is growing.
While more and more money is being made, the competition is also getting better and better. So, if you haven’t started affiliate marketing yet and it’s something you want to do, you need to hurry up.
The industry is growing by an average of 10.1% per year. (99firms)
It also has no sign of stopping, companies will always need to sell more and ordinary people will want to earn money. There is no predictable end to this industry.
Affiliate Marketing now drives as much sales as email marketing (business insider)
According to business insider, affiliate marketing now drives as many sales in the digital marketing world as email marketing. They are the joint first place, when it comes to sales in the digital world.
These statistics alone, should show you how serious affiliate marketing is. So, it is an amazing business to get into, but only if you are serious about it.
As the growth also demonstrates the competition inside of this Industry.
Different Ways to Promote Affiliate Links
There are thousands of different ways that you can promote affiliate links and it really comes down to your preference.
The key is to send targeted traffic to your affiliate link. By doing this, you will have a higher chance of making sales. If you don’t send targeted traffic, you will probably find it pretty hard to make sales.
Below are the top 10 ways that you can promote your affiliate links.
- Through your blog
- YouTube channel
- Facebook ads
- Facebook ads
- YouTube ads
- Email List
- Google Ads
- Bing Ads
- Social Media
All these methods work. However, they do require some research before jumping in.
Why Affiliate Marketing Is Great for Beginners
Affiliate marketing is great for beginners because the entry barrier is pretty low.
You don’t need your own product; you don’t need to handle support or shipping and the only thing you need to focus on is promotion.
For these reasons, affiliate marketing is one of the easiest online businesses that beginners can start. If a beginner would go into another business such as E-commerce, there would be a lot more responsibilities such as shipping or support.
A lot of these online businesses are made out to be a lot easier than they are.
In reality, affiliate marketing is the easiest online business. However, it is still a real online business which means that it’s normal to face some challenges when starting out, that’s just to be expected in any business.
How Long Will Affiliate Marketing Last?
Lastly, we are going to talk about how long affiliate will last.
Well, affiliate marketing is here to last a long time. As we said earlier, companies will always want to generate more sales and affiliates will always want to earn money.
So, affiliate marketing is not going anywhere, which means that you don’t have to worry about it going anywhere.
With that being said, there will be one change that’s predictable in the affiliate marketing Industry.
That change is the entry barrier due to the increasing competition.
Right now, the entry barrier is extremely low. However, if the industry keeps growing at this rate, then that is likely to change.
It’s impossible to say when, but it’s pretty easy to predict that it’s going to happen.
The number of affiliates is increasing day by day. Companies will start to cherry pick who they allow to be affiliates for their products.
Meaning that, a lot of affiliate programs will be closing and only allowing approved affiliates to join.
Alongside this the competition in content creation is also increasing day by day, so that’s another factor to consider.
What we are saying is, if you want to get into affiliate marketing, now is the time to start.