Most major affiliate programs for physical products or services will have an affiliate manager, whose sole job is to help you generate more sales.
As soon as my weekly check from Clickbank passed that of my day job for 3 months, I quit :0) (Of course, I didn’t want to quit too early…)
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Or, if you have a blog and website, then you will have to pay for hosting. In this case, this should be a flat fee spread out across all your referred sale.
By the way, if you’re serious with starting, check out this guide where I’ve covered why beginners fail and how to fix that.
Here are some example pins Latasha created to promote the above-mentioned blog posts:
“Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.”
So, you can say that it is a relatively new entrant in this segment but it has gained much popularity due to its affordable and easy-to-use email marketing platform.
Disclaimer: You'll notice that commissions for retail stores are much smaller than what is offered by B2B because the purchase price is much smaller. But this also means that it's easier to get your audience to buy those items (low price = low commitment), which could translate into high conversion rates and higher returns.
Blogging is the traditional king of affiliate marketing. Some bloggers have made millions of dollars in affiliate marketing income. Michelle who created Making Sense of Affiliate Marketing has earned over $100,000 a month from her blog. That’s crazy amounts of money and she is not the only blogger who has done it.
Yet another high paying affiliate network, Commission Junction (CJ), pays out around $1.8 billion annually in affiliate commissions to publishers. Boasting over 3,000 merchants, CJ is home to some of the world’s largest brands hosting their affiliate programs such as Barnes and Noble, Lowe’s, Priceline, and more.
If you’re doubting whether or not your niche has affiliate programs, then at the very least you should follow this strategy. Set up a page on your blog called “Recommended Tools.” You can then share the products and services you use to run your own blog or online business.
In the next section, I'm going to describe exactly how the affiliate marketing business model works so that you know what you're getting into and where you fit into the equation.
MoneySavingExpert, another hugely popular personal finance site, earns well over $1 million per month mostly from affiliate marketing.
In my first month, Blogging Explorer earned a modest $162 in affiliate income. Now that doesn’t feel like much at all, but I was so proud of what I had achieved!
By now you should be excited about the potential that affiliate marketing holds and are ready to start building your site.
Creating your product is the most exciting part of the game. It’s because you are already aware of the chances that you’re going to do good with it.
Chances are, if you own a blog or website, you are already doing email marketing. And if not, you are missing out on some serious revenue potential by neglecting to build an email list and to push your affiliate offers to said list.