What is affiliate marketing?
Google’s definition of affiliate marketing: a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts. In other words, you get paid every time you bring someone else a sale.
My definition: an easy, effortless way to make money online, without having a product of your own.
Benefits of Affiliate Marketing:
- Highly rewarding
- Usually cost-free
- Easy (simple link in bio, or post of the product) - No product/inventory of your own
- Develops your marketing skills
- Easy gateway into Entrepreneurship
Disadvantages of Affiliate Marketing:
- Dishonest companies (hiding payouts, avoiding payouts, etc.) and low commission rates (5-10% on average)
As you can see, there aren’t many disadvantages to run as an affiliate. As long as the company you’re running for is reputable, trustworthy, and you believe in their products, you should have a smooth experience.
How to become an Affiliate Marketer:
It’s quite simple. Most developed businesses offer an affiliate system where you get a personalized link or code to promote, and you’ll get commission based on the amount of sales made from your code/link.
With affiliate marketing, you can sell to millions of people, literally. This is an easy way to get into entrepreneurship as it develops your marketing skills on selling, networking, and influencing.
Let’s talk about becoming a successful affiliate marketer. The whole point of affiliate marketing is to promote something you believe in. Preferably something you’ve tried/used before.
If you truly believe in something, you’ll enjoy talking about it. You’ll enjoy promoting it. You’re putting your reputation and credibility on the line when promoting a certain product, so obviously you’d want to give your honest opinion.
Affiliate marketing is based on building relationships, and leveraging it to promote something. Let’s say you’ve used a hair product, and it works well. You suggest it to a friend, and they buy it. After the purchase, your friend enjoys the product too.
This increases your credibility, and people trust you more. For affiliate marketing, it’s the same strategy. You promote a product that’s reputable to an audience, a fan base, a friend, etc. They’ll try the product, and hopefully they’ll enjoy it. In return, you gain credibility, and you get commission.
So, why isn’t everyone doing affiliate marketing if it’s so simple and effortless?
The stressful part of affiliate marketing is, most businesses only offer up to 10% commission. This is VERY low. Imagine promoting a $100 product. You work for hours, and you finally make the sale. Your reward? $10. You’ll have to sell 10,000 of these products just to make 6-figures ($100,000).
My suggestion: run for a company that you believe in, that you look up to, that has a product that is truly helping individuals. If they have a high commission payout rate, great!
For instance, my affiliate program is built to help entrepreneurs like yourself. I understand the hardship of working for hundreds of hours, just to see a few dollars. It’s quite depressing. What’s my offer to you?
If you haven’t read about my affiliate program to promote the courses I offer, here it is: My students receive up to 75% commission per sale with their code (starts at 50%).
These commission rates are unseen of. The lowest commission payout I offer is already triple the amount an average business would pay. At 50%, me and the affiliate are profiting the exact same amount. Rarely any businesses would ever offer equivalent profits with an affiliate.
Let’s talk about numbers. My most affordable program is the Rags to Riches program, listed at $297. This is where students receive exclusive mentorship sessions, live Q&A’s, networking events, and access to my Close Friends group (where they receive daily knowledge & informative tips/advice).
Let’s say you promote your personalized discount code (given to you upon registering for the program), and you make 10 sales of the course. That’s 30% commission on a $297 product, ten times. That’s nearly $900.
Let’s say you promote your code even more, and you make another 10 sales after that, of the same course, at an increased commission rate of 40%. That’s nearly $1200.
If you’re a student of mine, these numbers are COMPLETELY different. If you help me generate $200,000 in sales, up to $150,000 will be sent directly to you.
If your goal is to make 6-figures a year, all you have to do is sell 3 of my most affordable courses per day. You can be in the comfort of your own home, you could be at work, you could be on the toilet - literally anywhere, as long as you have internet access.
If you’d like to learn more about what mentorship programs I offer (all include a personalized affiliate code given to you upon registering), tap the links below:
*This is not financial or legal advice. I am sharing my personal experience with you.