What Is Affiliate Marketing?
Affiliate marketing is an action based performance marketing. Companies pay affiliates commissions based on referrals. This means you can earn money by simply referring traffic (people) to their company. It’s kind of like you become a freelance digital marketer. Referrals are tracked through unique URL’s (links) that are assigned to you as an affiliate. When someone clicks on your link and then makes a purchase...You Earn A Commission.Why Affiliate Marketing
Affiliate marketing is one of the best online businesses for beginners and experts alike. It is easy to get started. The affiliate marketing model allows beginners to get started with little to no investment yet provides the opportunity to scale well into the 6 or even 7 figure per year range. Other benefits include:
- You Do Not have to create a product yourself, set up a shopping cart or process payments.
- You Do Not Have to worry about customer service, product fulfillment or processing any potential refunds.
- You Can do this anywhere in the world as long as you have your laptop and an internet connection. And affiliate marketing programs are almost always free to join.
Step 1: Choosing Your Niche
Your niche (pronounced “neesh”) is your topic. This dictates the type of affiliate products you promote.Your niche should be in line with a passion or interest of yours. It is important that you resist the temptation to go after something because it “seems like a profitable idea.”
For instance, let’s talk about a trend that took off a while back. Intermittent Fasting. It seemed like everyone was talking about this approach to weight loss. And since there is always plenty of money to be made in the weight loss industry, perhaps this would be a good niche. However, if you are not passionate about intermittent fasting then it is going to be difficult to become a leader in the intermittent fasting niche (more on why this is important in just a second) therefore, you are most likely not going to see the success you had hoped for.
However, if you are passionate about sharing the benefits of natural remedies, then this would be an opportunity worth exploring. It is a subcategory of one of the 3 Evergreen Niches, and your passion for the topic will keep you motivated as you build your web of influence.
3 EVERGREEN NICHES
The 3 Evergreen Niches are the categories with the highest earning potential. They are Health,Wealth,
Love/Relationships.
Health, Wealth and Love are important to us on an emotional level. And as a result, when something is not to our liking within one of these areas, we are willing to spend money and take action to rectify the situation.
For example: If you and your spouse/significant other/partner were fighting a lot. Yet deep down you really loved each other and wanted to stay together. Then you would be highly likely to search for a solution. This could involve purchasing a program designed to help you overcome your struggles.
Step 2: Finding Affiliate Products
After you decide that affiliate marketing is the smart way to go, you have to find products to promote. The good news is, there is no shortage of products and services with affiliate programs. A quick Google search of “Product in my niche affiliate program” can lead you in the right direction.?If you have a product in mind, one of the easiest ways to see if they have an affiliate program is to scroll down to the bottom of their home page. Oftentimes this is where you will find a link to their affiliate sign up page and commission structure.
