What is Affiliate Marketing? And how does it work? Affiliate marketing is when someone generates an income by promoting affiliate products from Affiliate networks. Several examples of affiliate products include eBooks, training courses, and seminars. An affiliate product offers profit sharing, so other people will have an incentive to help the creator sell more of it.
Let me give you an example. Let’s suppose you write a new eBook or Special Report titled “How to Earn $1,000 Profit in Your First 30 Days of Network Marketing.” You take your knowledge and type up a 50-page report that you convert into an eBook. Rather than selling the eBook by yourself, you decide you want to have an Army of Salespeople selling your eBook for you. So, you decide to do a 50-50 split of the selling price ($20 to $50 on average), with anyone who sells one of your eBooks. You give them their own unique affiliate link and they are responsible for marketing and advertise your eBook. Even better, you only pay them when they generate sales. Simply put, it’s a win-win deal for everyone involved.
Affiliate Marketing Guidelines
If this route doesn’t appeal to you very much, you have another alternative. Instead of creating your own affiliate marketing products, you can promote other people’s affiliate products. Here’s how simple it is to get started.
Find Good Products: Some people will disagree with me, but I think it’s vitally important to promote quality products. After all, your reputation is on the line when you recommend a product to someone else. That’s why I think you should purchase an affiliate product BEFORE you recommend it to others. If it doesn’t provide real value, search for another product. You can find products on websites like Clickbank or Magnetic Sponsoring.
Write Reviews about the Product: Your next step is to write a review about the product. You can write a review on your blog, and then provide an affiliate link at the end of your review. On the other hand, you could create a YouTube video about the product and add your hyperlink to your video. Or, you could write articles for different article directories, and include your affiliate link in your bio. As you can see, you have several different options. Personally, I think it’s best to have your own website or blog because you have complete control over the content.
Monetize: As you keep marketing and promoting the affiliate products, you will earn money. How much you earn will depend on your marketing prowess. Whether you earn $100 or $1,000 per month, this provides an additional revenue stream to your network marketing business. In some cases, you might even earn MORE through your affiliate products than you do with your primary business.
In case you don’t already know this, the secret to success online is to create MULTIPLE STREAMS OF INCOME. You should never put all your eggs in one basket. You should have 5-20 different income streams that all generate a small (or large) monthly income for you. That way, if one income stream dries up, you still have multiple streams of income. It amazes me how many people have BLINDED FAITH in their MLM Company, and aren’t open to having multiple streams of income.
Most of the top producers I know have several streams of income. They probably recommend affiliate products; have their own marketing system, a blog with paid advertising, and several other income streams. You need to do the same thing. Otherwise, you are missing the boat and setting yourself up for failure. In fact, the results might surprise you. You might even find that you make more money with your affiliate business than you do with your MLM Company.
The conclusion of Affiliate Marketing lesson:
In conclusion, affiliate marketing is when someone generates an income by promoting network marketing affiliate products, such as eBooks, training courses, and seminars. You can get started in affiliate marketing by creating your own products, or by promoting someone else’s affiliate products. When you first get started, it’s better to learn the ropes by promoting someone else’s products first. Once you know what you are doing, you can generate your own affiliate products.
On a side note, if you have experienced success with affiliate network marketing products, I would love to hear from you. Please share your testimonial or success story with the rest of our online community. Did you create a product, or promote someone else’s affiliate product? Which product did you choose and WHY? What type of results did you experience? Help others succeed with affiliate network marketing. I look forward to hearing from you.