Welcome to Affiliate Marketing 101.
Stewart Deboral Showcases is an online business built on the affiliate marketing model. Rather than be all secretive and standoffish about it like some affiliate sites, we want to be completely transparent about what we are doing. We’re so transparent, in fact, that we want to help you get started with affiliate marketing too, which is why we built this one page Affiliate Marketing 101 course. In this brief introductory course, you’ll learn answers to the following questions:
- What is affiliate marketing?
- Do people actually make money with affiliate marketing?
- How can I get started with affiliate marketing?
What is Affiliate Marketing?
Affiliate marketing is basically a form of advertising in which one party markets the sale of a good or service. In exchange, the person doing the marketing earns a small commission on any sales that are made through their links or referrals. For example, imagine that the iPhone 7 just launched, and now everyone is out there searching Google to find the latest hot iPhone case. The case hungry Googlers find a website called iphone7casereviews.com and find dozens of reviews for a variety of cases. If they see one they like, they follow a link that takes them to Amazon. iphone7casereviews.com is a member of Amazon’s affiliate program, so anyone who buys a phone case after clicking a link on their page earns the website owners a small commission. In fact, a lot of affiliate programs earn money on ANY purchase made within a certain period of time, sometimes even as long as a month or more. If I clicked on a link to an Amazon iphone case but also purchased a flat screen TV on Amazon within the next few days, chances are that the owners of iphone7casereviews.com would probably earn a fat paycheck off of that boob tube too.
Do People Actually Make Money With Affiliate Marketing?
I’ll leave the bulk of answering this question to this video, in which the presenter talks about making $500 a day.
Now, just because you CAN make money with affiliate marketing doesn’t mean that it’s EASY. Getting to the $500 dollar a day point is going to take a LOT of work and a lot of FAILURE.
A few things to consider:
Pick a profitable niche
If you earn a 10% commission on every sale, and your website is selling $15 oven mitts, you would be making $1.50 per sale. If 1 in every 100 visitors to your site actually makes a purchase, that means you would need 10,000 visitors per month to earn just $150 a month. Not. Exactly. Profitable.
Imagine instead that your site was marketing $2,000 gaming computers at 10% commission, and you are still converting 1 in 100 visitors to sales. That means with only 1,000 visitors per month you could be earning $2000 a month. Not quite enough to quit your day job, but build one or two more sites like that and you are raking in the dough.
Keep a winner’s mindset, but be prepared to fail
E-commerce is NOT a walk in the park. Yes, once you’ve got an online business built, it is a lot less work to manage than the typical 40-hour per week grind. But you have to do the hard work to get there. If it were easy, everyone would be doing it. So, your job is to grind away at achieving your dreams every day, look in the mirror, and tell yourself that you are a winner. No one ever crossed the finish line by worrying about how far away from it they were.
And at the same time, you have to be ready to stumble and fall. It’s going to happen. No one hits a home run there first time at bat. And if they do, that just makes every other at-bat so much more stressful. A wise man once said “If you’re not failing, you’re not learning.”
How Can I Get Started With Affiliate Marketing?
The best thing to do is to find one of the many training programs out there. They are typically comprised of successful, energetic entrepreneurs like yourself who are ready and willing to help each other succeed. They’ll consist of video or text based lessons, discussion forums, and mastermind groups so that you can get the guidance you need for whatever stage of the journey you are at.
A full list of the steps necessary for getting your foot in the door with affiliate marketing is beyond the scope of this mini-lesson, but we highly recommend joining Wealthy Affiliate if you are serious about starting your ecommerce journey. They are an awesome group of serious online marketers looking to share their wisdom and help you grow into the location independent laptop warrior you aim to be.