I’m going to share with you a fool-proof plan to make thousands of dollars a month that’s so good even the gurus tried to keep it hidden!
Actually, I’m not. But we’ve all seen the outlandish claims like this that promise to tell you how to make millions from doing absolutely nothing. So let’s clear this up right now.
Affiliate marketing will not enable you to buy your own private island in the Bahamas where you’ll live out the rest of your days surrounded by champagne, diamonds and fast cars. But that doesn’t mean there isn’t good money to be made from it. Here’s the truth behind making money online with affiliate marketing.
Anyone Can Do It
As far as making money online goes, affiliate marketing is one of the quickest and cheapest ways to start doing it. All you need is a computer, access to the internet and a very small amount of money to get you started. You don’t need any prior affiliate marketing knowledge, just willingness to learn and the hunger to succeed. The low start-up costs and easy, speedy set up makes affiliate marketing a very popular business model and means practically anyone can become an affiliate. However, the majority of new affiliates fail at the first hurdle when they realise that:
Affiliate Marketing Takes Hard Work
Unfortunately, it’s not actually as simple as getting online, setting up a website and watching the money roll in. There is actually some work involved. Quite a lot actually. So forget about those ridiculous sales pitches promising overnight riches. The amount of money you make as an affiliate will be directly proportional to the amount of effort you are willing to put into it. So expect to put in a lot of hours, and be prepared to spend many an evening burning the midnight oil. You will struggle. You will feel like giving up. You may even cry. But when you see your first sales and commissions come in and realise all that hard work really can pay off, it will all be worth it.
‘Guru’ eBooks Aren’t Worth It
Don’t waste your money on eBooks written by self-proclaimed affiliate marketing ‘gurus’ promising to teach you the shortcuts to millions. There are no shortcuts in affiliate marketing. As you’ve just learned, affiliate marketing takes work. And a lot of that work will be learning how to do it. You can learn everything you need to know about affiliate marketing freely on the internet (MoreNiche offer a great free affiliate training course for all experience levels). So be patient and do your research.
When you’re just starting out as an affiliate, the knowledge of someone experienced can be invaluable. So find yourself someone who knows what they are talking about (again, no gurus). Affiliates joining the MoreNiche affiliate network are offered one on one advice and support from their own personal affiliate mentor. And there are plenty of affiliate forums and communities out there to offer you help, advice and inspiration that will be invaluable in helping you to make money online.
It Depends on the Niche
You need to pick a niche. You can’t have a website that’s all about weight loss, electronics and e-cigarettes. Imagine you were a consumer wanting to learn about the best new weight loss products. Would you hang around long on a website like that? Once you’ve picked your niche, stick with it. Don’t create a website about pet products and then cover it with banners about sports equipment. If you want to make money online, your offers need to match your niche and be right for your audience. Going for the more profitable niches and offers with higher payouts doesn’t hurt either. You’ll find it much harder to make money online if you pick ones that pay hardly anything.
Once you’ve picked your niche, become an expert on it. Research, learn, and keep up to date with it so you can create a content-rich website full of useful information which offers your readers value, credibility and trust. A trusting relationship with your readers will make you a far more successful affiliate. But remember, it takes a lot of time and effort to build and develop that trust.
It’s About the Law of Probability
The more people you can get to visit your chosen merchant’s website, the more people are likely to buy, and the more money you will make. This means you need a lot of traffic. You also need to be able to convert this traffic. Consistently. If you can do that, you can make a very good living from affiliate marketing.
Starting to sound easy again? It isn’t. Let’s say you get 1000 visitors to your website. You manage to get 100 of them to visit the merchant’s website. And one of them goes on to buy. The product costs $150, and you get 25% commission. That’s $37.50. If you sold one of these products every day, you’d earn £1,125 every month. Sounds great, doesn’t it? But you need to get those 1000 visitors to your site every day, and you must be converting at least one of those visitors into a paying customer, every day. Not sounding so easy now, is it?
But imagine how much you could earn if you become very good at driving converting traffic. Remember, the more quality traffic you send to the merchant’s website, the more sales you’ll make. It’s the law of probability.
Treat it Like a Business
Successful affiliates treat their marketing efforts like a business because it is their business. Although you can become an affiliate without any start-up costs, that doesn’t mean you shouldn’t invest any money. If you invest in your affiliate marketing business, you will be much more likely to succeed.
As an affiliate marketer, your business should be in providing people with a quality service which helps them to find, research, and shop for the best products for them. So look at your long-term business model, have a structured plan in place and focus on creating a quality, authority site that people interested in your niche will need. As with any business, you get out of affiliate marketing what you put into it.
As you should have realised by now, affiliate marketing is not a get rich quick scheme. Of course, there are extremely successful affiliate marketers, known as ‘super affiliates’ who are earning the kind of money that you’re probably dreaming of. But for every super affiliate there are thousands who have failed to make any money with affiliate marketing. These are the people who probably thought they would start making money as soon as they placed that first affiliate link on their website and then quit when they realised it wasn’t quite as simple as that.
It takes a considerable amount of time, effort, determination and self-discipline to succeed in affiliate marketing. If you’re lacking any of these, don’t bother. But armed with these, there is no reason why you can’t make money online with affiliate marketing. Just don’t plan on quitting your day job right away.