Affiliate marketing is a fantastic passive income opportunity because other than spending a few minutes each week sending out emails to your list, there’s very little else involved.
Of course, you’ll need to build that list first and that’s where the bulk of your time will be spent when just starting out. Thankfully there are several easy ways to get started even if you’re a total beginner.
Here are the 3 simple steps to becoming a successful affiliate marketer.
Step 1: List Building
Step 2: Tribe Growth
Step 3: Promote Offers
Let’s take a closer look at each step.
The first step is to start building a list. This is a vital component to affiliate marketing because your list will be your primary source of traffic. It’s also a cost-effective method of marketing to a targeted group of buyers. You’ll never make as much money without a list and you’ll struggle to automate your business without this essential tool.
To begin, you’ll need a mailing list provider. Here are a couple worth looking into:
When it comes to driving traffic to your squeeze page in order to start building your lists, you can do this a number of ways including:
This includes Facebook ads, boosted posts, Pinterest paid promotions or Instagram ads.
Social marketing can be time consuming and if you haven’t done it before it also carries a bit of a learning curve in order to figure out the best kinds of ads for each community, as well as how to maximize exposure.
Thankfully, you can easily hire a social media manager on sites like http://www.UpWork.com, or hire a virtual assistant who will take care of a variety of tasks for you including updating websites, and helping you grow your tribe.
This essentially involves paying someone to mail their list about your offers to drive traffic to your squeeze page. Safe ads are often a very cost effective, fast way of building a list.
One of the top providers of solo ads is found at: https://www.safe-swaps.com/
You could reach a wide audience of targeted buyers just by creating a high quality short report on a hot niche market and giving it away through a campaign on http://www.WarriorPlus.com
This is one of the easiest ways to build a list at very little cost while simultaneously building a brand.
You could also run a similar offer through its competing marketplace of affiliates and buyers, http://www.JVZoo.com
Step two is growing your tribe of potential buyers.
This begins with providing them with incentive to join your list. You’ll then want to create some sort of lead magnet—a giveaway to entice people to subscribe to your email list—and a squeeze page with your opt-in box that allows people to enter their name and email address to subscribe to your list.
If you aren’t sure how to set up a squeeze page, you can cut out all of the work by signing up for a service such as:
Lead Pages will generate squeeze pages, landing pages and opt-in forms, while providing you with in-depth data regarding your subscription rates and important demographic information. I highly recommend investing in this if you can afford to. It’ll simplify everything.
You’ll also want to make sure to offer an incentive or “subscriber bribe” on your squeeze page.
If you’ve never heard of an incentive offer before, it’s basically a giveaway that entices visitors into subscribing to your list to gain access to more information.
Another fantastic resource that handles everything from list building, lead pages to helping you build a profitable funnel that can run on autopilot is Click Funnels. You can find more about that here: https://www.clickfunnels.com
And finally, it’s time to make money by promoting high-quality products that you believe your subscribers will appreciate.
You can find products on many different marketplaces, but if you’re looking for instant commissions instead of having to wait for payments you’ll want to create accounts at:
Both JVZoo and WarriorPlus provide the opportunity to generate instant payments every time someone purchases through your affiliate link.
Keep in mind that when just starting out, if you don’t have a track record of sales, some vendors may choose to hold your commission payments for 30-45 days.
Once you start selling and have proven that you’re able to generate sales while keeping refunds down, you’ll find it easier to get approved for instant commissions.
When it comes to maximizing your income with affiliate marketing, the key is to offer a bonus – something extra – that adds instant value to a purchase. That way, subscribers are more likely to purchase through your link than through a competitor who isn’t offering anything more.
In affiliate marketing, the strategy of offering bonuses is used all the time. Affiliates will package up auxiliary components and other tools that are relevant to the products they are promoting, and then present it to potential customers as a way of standing apart from other marketers.
And there is no shortage of bonus content and products you can create for virtually any type of affiliate campaign or niche market.
Simply find a missing link in the product and create a bonus product around fulfilling that need or extending the value of the product in some way.
Your bonus offer also needs to be either exclusive, limited or both. In many cases, your bonus offer will be the driving forcebehind whether a potential customer chooses to purchase the product through your affiliate link, or someone else’s.
It’s also very important to use strong ‘urgency motivators’ with every bonus offer. If people feel that there’s no rush, chances are they’ll continue looking around for a better offer, so make sure your bonus stands out.
So, how can you set up and manage bonus offers like this?
You could manually set up download pages and track affiliates, or you could make it easier and use a product like www.ConversionGorilla.com that simplifies the entire process.
Not only can you create landing and review pages but you can set up bonus products for just about any type of offer. Plus, they even give you some free bonus packages that you can slap your name on and use immediately.
Here are a few other trusted affiliate networks worth exploring:
Commission Junction (CJ Affiliate)
Otherwise known as “CJ.com”, Commission Junction has been around for many years and is known to pay on time and provide unbeatable support. They feature hundreds of merchants across the board and regardless of the niche market or subject you are interested in promoting, they are bound to have a few lucrative choices from within their directory.
Share A Sale
ShareASale handles all payments on behalf of the merchants and offers thousands of products to promote. It’s a great place to start.
Rakuten Marketing is an ever-growing affiliate marketplace and with it comes a great variety of lucrative and high paying affiliate opportunities.
ClickBank is an internet retailer of top quality lifestyle products allowing manufacturers to sell their products & digital marketers to promote them. They’ve been online for more than 18 years.
Amazon Affiliate Program
The affiliate program is called “Amazon Associates Program”. Easy to get started, very intuitive and unlimited products to promote ranging from low-end to very high cost.