You’re thinking about doing affiliate marketing because you want to make money, right?
Well before you dive in and start your own business, it’s a good idea to have a clear understanding of exactly how you will get money into your bank account.
In this article I’m going to reverse engineer the steps required to make money online with affiliate marketing, and I thought a nice easy flowchart to follow was a great idea.
The Full Course: If you're interested in taking these 7 steps to the next level and building a real affiliate marketing business, I would recommend you check out my full course. Learn more here.
The end point is money in your bank. In order for this to happen, you need a relationship with an affiliate program or an affiliate network.
Within your affiliate dashboard you can request that payments are made to your bank account or to your PayPal.
Before you join a program or build a business around a niche, double check that you can get paid in your country.
For you to get paid, you need to have earned a commission.
In order to earn a commission, a customer needs to buy a product or a service after clicking your affiliate link.
So you need to obtain affiliate links from your affiliate program and promote them to your audience.
Getting clicks will depend on your affiliate marketing strategy.
If you’re doing affiliate marketing with a website, you will post your affiliate links on your website. You can naturally put affiliate links within the content of your website.
If you’re doing affiliate marketing on Social Media, you will post your links in your posts, Tweets, YouTube descriptions and so on
Traffic basically refers to people visiting your online assets. So website visitors are “traffic”. Your Instagram followers are your “traffic”, your view count on YouTube is your “traffic”.
The process of getting traffic will also depend on your overall affiliate marketing strategy.
When it comes to getting traffic and making money online with affiliate marketing, you need to be a content producer, instead of a content consumer.
Here's Your Next Step
I would recommend you checkout my 7 Step System which covers my exact affiliate marketing strategy.
I outline the whole system in this post (you can also watch the full video). Check it out here.