In this article I’m going to help you CLEARLY understand affiliate marketing in just a few minutes.
I share an easy explanation of how affiliate marketing works, and more importantly I reveal how you can use this business model to create a legitimate online business.
In a couple minutes, affiliate marketing will make total sense to you, and you will know exactly what to do next!
Watch or read on:
Below is a Very Basic Overview of Affiliate Marketing:
If you want more in-depth articles, consider reading these:
- How to get started with affiliate marketing
- Affiliate marketing with Amazon’s Associate Program
- What is affiliate marketing (full guide)
If you've ever recommended a product or a service to someone, you've done affiliate marketing.
The only thing missing is you probably didn't get paid for it.
Let me ask you something:
Have you ever recommended a movie to your friends?
Did your friends or family buy tickets to a movie based on YOUR recommendation?
I'm assuming the answer is yes.
Well, if you had an affiliate relationship with your local movie theatre, then they would pay you for referring your friends and family to their theatre.
That's how it works.
Your job is to make product recommendations that will make people’s lives better.
The business model works based on referrals:
If someone buys a product or a service based on YOUR recommendation, then you make money.
So you’re selling someone else’s products or services, and getting paid commissions. If you had a "salary", it would be commission based.
I know you’re already familiar with this pay structure.
It’s the same as a “Representative” for various companies.
You can become a representative and sell kitchen products door to door and earn commissions from your total sales.
The more sales you make, the more money you earn.
Think of a car salesman.
Those aren’t his cars. He didn’t design them.
He just gets a commission if he sells you one.
Affiliate marketing works the same way.
If someone buys a product that I recommend as an affiliate, I will earn a commission.
The great thing about affiliate marketing is there are SO MANY products that you can recommend.
You can build a business in almost every single niche (topic), and there are no barriers to entry.
With affiliate marketing, you usually do all your business online through a website or some other digital platform.
This allows you to leverage the internet and essentially earn an unlimited amount of money.
Here's your biggest problem:
There are many ways you can be successful with affiliate marketing.
You need to pick a strategy that works, and stay focused.
I would recommend you read my getting started guide to learn exactly how I build affiliate marketing businesses.
I hope this helps.