Day 2: How To Make Money With Affiliate Marketing (Simplified)
Affiliate marketing is one of the easiest ways to earn money on the internet. While it is true, that there are many types of internet marketing, affiliate marketing is still the best way to monetize an online business, like blogs.
I have a more detailed post, that you can read about “What is affiliate marketing and how it works”.
But in today’s course, I’ll explain it in the shortest and simplest way.
To put affiliate marketing in a nutshell: you are getting paid a commission to promote a product or service.
Now, let’s explore how this process works.
When you want to buy something, normally you do a search on the internet, i.e. Google.
For example, I want to buy a riding lawn mower this summer, but I have no idea which one is the best or which one to pick.
Potential questions I have could be:
- Which riding lawn mower model is the best?
- Riding lawn mower price range?
- How to drive a riding lawnmower?
- How long does a riding lawn mower last?
- The best guarantee for a riding lawn mower.
- how long does it take to smoke pork ribs?
The first thing I would look at is the first website that is on the first page. And these are real people’s review and I would like to know what they would have to say about riding lawnmower.
If you noticed, some have stars ratings and I personally like the ones with other people’s recommendations.
Productexpert.com review sounds like a great choice, and I’m definitely interested to see their best rated riding lawn mowers for the current year.
I’d also like to see click bestofmachinery.com to find out which ridding lawn mowers that worth my money.
On both websites, you’ll find affiliate links, which means if I click their links and buy a riding lawn mower, they make some money.
Each of these websites is an ordinary person that’s making money online.
Many of these people are not professionals at all! They are people just like you that have a hobby or interest, and they made a website about it.
So let’s see what it shows when I click on the first website:
When I click that ”click for price” button, this will redirect me to Amazon website. As it shows below:
You can try it for yourself and see that there are many websites who are earning 6-figures and even make millions with affiliate marketing.
What’s the main point?
You don’t honestly have to manufacture lawn mowers. You don’t need to have to open up a physical storefront in your city and start selling lawn mowers. You can make money by talking about lawn mowers and how it is being used with a simple website/blog and some articles that you write yourself.
If you can make $100 per sale in just one article, how many times will you do it so? This is just one topic, and there are hundreds and thousands of possible topics to choose from.
Your Own Money Making
Now, the next thing we’ll going to do is to take a look at what exactly you’ll be doing to make money online with the help of affiliate marketing.
Step 1: Pick A Topic (Niche)
Remember that ANY website can make money. So, pick something you are interested in, something you really love or else you’ll get tired of it and quit. Take note that this business is your long-term gig.
Don’t worry about the competition, profit level, or any exact plan to make money right now. Some experienced professionals will consider these things, but that means months of research and delay. The perfect topic is the one that is perfect for you, and it’s only you who can decide. However, the main key is the focus and never quit.
This is your first website and online business, so make sure you’ll pick something you’ll enjoy along the way. And you can tweak the website as you grow, and start a second website later on. The most crucial thing right now is to learn the process rather than hitting the bull’s eye on your first arrow.
Step 2: Build Your Website/Blog
This may seem scary to someone who’s never tried it before, but I promise you, a basic website up is actually very easy these days compared in 2009. In fact, you can do it in no more than 1 minute with SiteRubix. This Site Builder is very easy to use and custom “newbie friendly” version of WordPress. Most personal blogs and affiliate sites you see online today use WordPress because it’s so easy to use.
I suggest you use a free website with SiteRubix. So, you’ll not waste money in case you change your mind about your topic (niche) and change the domain name. You will get 2 free websites and 2 subdomains as a starter member at WA.
Step 3: Find Affiliate Programs
Now, this is how you make money.
Signing up for affiliate programs is totally FREE! They’ll pay you a commission for each sale you make. Sometimes, a company will just give you one link and that’s it. The rest is totally up to you. Other companies have a whole program with an affiliate manager, pre-made banners, tracking links, and even bonuses for increasing your sales numbers.
Step 4: Research & Create Content
Providing helpful information to people is the main business mission. We’re not going to build an online shopping mall Amazon products showcase here.
By providing useful, unique contents, you gain authority on the internet, which means you get better ranking in search engines, i.e. Google. That way, you get more visitors, more sales, and more money. This is hard for a lot of newbies – that’s why people quit at this point. But we have a lot of training inside the WA community to help and at the end of the day, this is not that hard at all.
These are some of the simple article styles to make money online.
- Question & Answer
- Tutorials & How To’s
- Top 10 Lists
- Trending Topics
- A to Z Explainer
The basic and one of the popular style that people want to read is the “Top 10 Lists” article. Where you make a review of the top 10 times on your topic. Like “Top 10 professional drones” or “Top 15 cake recipes for diabetics”
How to research and write for your website is an in-depth discussion that we’ll be having later. For now, a basic understanding that you’ll be writing articles for your website is your main goal.
Step 5: Expand & Promote
Once you’ve got the core website up, your work starts there to make money with it. To promote your website on the internet – you can share pictures, create videos, write articles, answer questions, participate in forums, have your own podcast, guest blog on the peoples’ website and tons more stuff.
This can be overwhelming, but you don’t need to do all of those in the beginning, but you need to take one step at a time as you promote your business slowly but surely.
Once you’ve chosen a good “niche”, then you can absolutely make one website as the source of all your income. You don’t need to run 20 tiny websites on different topics when you can have one big website on a topic you really love.
The goal of this course isn’t to become an expert in 5 days. Don’t feel bad if some of the terms and concepts I mentioned here aren’t 100% clear to you for now. Our goal is to construct a broad framework in your mind. Your main “action” training starts in the FREE Online Entrepreneur Certification Course over at Wealthy Affiliate.
Tomorrow we’ll take a look at some of the scams out there, and how to identify and protect yourself from “gurus” that are just out to rip you off. If you’ve ever bought or researched any “make money” products online, you MUST read tomorrow’s lesson.
I’m well aware that there so many products out there that promise you can make money so quick, overnight, with few clicks or with no work at all. I’d like to show you why those claims are not true, and the real way in which normal people make money online with consistent work.
On day 4, we’ll dig into some more specific online business models that can help you diversify your income.
Tasks For Today:
Task 1: Think back on the last product or service you purchased on the internet.
- How did you find it?
- What was your thought process?
- Were you able to find the information you were looking for?
Task 2: Write down your 3 hobbies or interests.
After listing your 3 hobbies or interest, list a couple of paid products or services related to them. My hobbies are playing guitar and gym. Do you dive or enjoy gardening? What about video games, computers, or fashion, are they some of your passions?
Task 3: Watch this video in Wealthy Affiliate about Choosing Your Niche.
That’s it for today and I’ll see you tomorrow.