The internet has many ways to earn – from freelancing, selling your products or someone else’s, offering support services to trading forex and crypto; the list is endless.
And the most exciting part is that you can start with $0 and make it to millions. It all depends on a lot of factors.
Affiliate marketing has become extremely popular with the rise of the Internet.
Most people introduced to the idea of making money online start with affiliate marketing because of its attractiveness.
However, The question that people ask is whether the affiliate marketing model works.
Let’s take a closer look at the affiliate marketing models.
What is Affiliate Marketing?
Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.
The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.
In the simplest of definitions, affiliate marketing is earning commissions from sales you make from products and services that do not belong to you.
With affiliate marketing, you do not have to be a product or service owner/creator.
Many companies create products and services and will happily “partner” with you; these companies produce goods, offer services, and seek affiliates to help them heighten their sales.
These companies can make sales on their own. But, these companies understand that the more people involved in the sales process, the more money made.
Every product or service owner desires more customers, and if you can deliver them, you earn a commission, which is the basis of affiliate marketing.
Some famous people are known as content markers. They earn a commission when they recommend anything and make a purchase on any of their recommendations.
Compared to other online business models, Affiliate marketing is meant for anyone because it requires no experience and little budget.
How Does The Affiliate Marketing Business Model Work?
Affiliate Marketers are assigned the simple task of driving traffic to an affiliate program or network.
Some affiliate networks offer commissions based on a pay-per-lead (PPL) arrangement or direct sales basis.
What is a Lead?
– A lead is generally a signup involving a visitors’ contact information and perhaps some demographic information.
So, in a pay-per-lead arrangement, the advertiser only pays the affiliate for leads generated at their destination site. But no payment is made for visitors who don’t sign up.
So the more leads/visitors you send to the website and sign up, the more commissions you generate, called Pay Per Lead (PPL).
However, some advertisers require a visitor to make a purchase first for you to be eligible to earn a commission, called direct sales.
Many websites provide these offers, and you can select any offer of your choice, whether it’s PPL or Offers to convert on purchase.
The difference between PPL and direct sales is that commissions earned are lower with PPL. Getting visitors’ contact information, like names and email addresses, is more accessible than making them buy something, so it’s a win-win situation.
So if affiliate marketing seems this easy, why is it a hard nut to crack for the 97% who fail at it?
Fact – affiliate marketing does still work in 2023.
Affiliate marketing is not for everyone. I see how people could start believing that it doesn’t work.
So, why do some people believe it doesn’t work?
It is not a secret anymore that most people who start with affiliate marketing fail miserably.
It’s reported that an estimated 97% of people fail to make money online– shocking.
A large portion of that 97% comprises affiliate marketers because of its attractiveness.
However, since affiliate marketing involves easy-like activities like not needing to create your products, dealing with refunds, customer/product support, delivery, and software issues, it’s the quickest route online to having a business in reality.
But the major downside with it is the misconceptions most people have.
First, they do not consider it a real business; second, they think it’s a gateway mechanism whenever you’re broke and need a quick buck.
These two reasons are the main reasons why it doesn’t work for certain people, so they get frustrated eventually and give up because it takes a lot longer to see results than people think.
Remember that this business is not a get-rich-quick or set-and-forget-it model when attempting affiliate marketing.
Treating the affiliate marketing business model as a real offline business (like the one you can start in your vicinity) is profound in making it work.
It may seem easy, but it involves a lot of learning, especially if you do it with a website.
Do you need a Website to make money from affiliate marketing?
Yes and no!
You don’t need a website to become an affiliate marketer. You can send traffic directly to your offers, which is called Direct Linking.
However, it usually takes work. These days when you direct link people to offers, you are considered a spammer. It can be hard to gain trust.
It would help if you had something to excite your prospects. It’s like in the “real world”; you can walk into a clothing shop, but you won’t just pick and buy one.
You want a salesperson to take care of you, introduce you to different clothing lines, the latest designs, and styles, and make you want to buy if not all, the clothes.
You need to be a competent affiliate marketer is the reason you need to practice affiliate marketing with a website. A website gives you control of your business, credibility, integrity, and trust.
It’s the perfect way to engage and excite your audience and is an excellent foundation for long-term business prosperity.
Knowledge is power, and 97% of online entrepreneurs succeed heavily in failure because of ignorance.
Every affiliate marketer and even experienced affiliate marketer with the Super Affiliate status needs training in affiliate marketing.
Technology changes there is always something new to learn about; we all need training; the training platform I am a member of, the Wealthy Affiliate training platform, is the best platform for affiliate marketers.
How can you start working, building your website, creating content, and making money?
I was very doubtful, thinking I was an old grandmother who could only type 29 words per minute, and doesn’t sound like something I could do.
Well, I was wrong. You need to understand some basics, and the Wealth Affiliate teaches this on its Platform.
How You Could Get Started With Affiliate Marketing
Take a moment and think of something you love. It could be an idea, a passion, an interest, or even a hobby. Now, that idea in your head is the first step of many as you move forward.
As an affiliate with an idea”, you will build a website and create content around that “idea.”
Whatever your hobby is, it could be gardening, sewing, or a game like football; you would be writing articles about this subject you choose, so it is something you are familiar with and shouldn’t be such a hassle.
With the proper training, you will learn how to create high-quality articles that search engines like Google will fall in love with, which applies to all your ideas.
Pleasing search engines is also why you’ll need to learn about SEO. Search engine optimization (SEO) is paramount to any website owner.
When you master the art of SEO, your articles will rank well on Google or Bing, i.e., your articles will be #1, 2, or#3 on the first page of search results, leading to high traffic flow to your website, will then be the beginning of consistent revenue for you!
So as you build out your website, you will target organic traffic, also known as free traffic. As a beginner, you must focus on this method.
However, this method requires a lot of patience, but technically speaking, the traffic itself is FREE, and you don’t pay for visits.
Traffic comes because you’ve built your website and taught at Wealthy Affiliate.
How you could get started with affiliate marketing as a beginner is getting the proper training to build the right foundation for your business.
Wealthy Affiliate Provides:
- The step-by-step instructions on what to do and how to do things
- Tasks at the end of each lesson so I can take action on my site and build it as I learn
- Tools that I needed to facilitate my online business
- Help and support answer all your questions.
At the Wealthy Affiliate platform, you are shown how to acquire visits to your website through “Paid Traffic,” which is a method that focuses on promoting your website by paying for advertisements.
Paid traffic can generate more traffic within a few hours than organic traffic, which usually comes in small numbers initially.
However, it is risky and possibly the best way to burn away a lot of money if you have yet to learn what you are doing.
The only limit with paid traffic is the amount of $$$ you can invest – first for testing and optimizing and then profiting and scaling.
Building Traffic To Your Website
The profit potential associated with paid traffic is handsome, and affiliates make insane commissions daily by running paid traffic campaigns.
However, this is something you want to do in the future as you gain more and more knowledge and experience on the subject.
What most successful affiliate marketers do is first build themselves a free traffic generator (your website).
Once your website makes consistent income, you can use that money to scale and learn paid traffic.
If you do it the other way and start with paid traffic, you’ll always be paying for traffic, and that’s not good; you will eventually want a mix.
Having a solid stream of free traffic coming to your online business makes it more stable and predictable, then you have more freedom to explore paid traffic and all that comes with it.
Here are some of the most common paid traffic sources;
- Display ads — these are found on the side of the page. Your ad blocker usually erases these ads.
- Sponsored content —is a type of content marketing that looks like an article on a website. Usually promotes a brand.
- Paid search like Google Adwords or Yahoo/Bing Ads.
- Influencer marketing is usually social media influencers from platforms like Facebook, YouTube, Instagram, etc., who promote your product or service for their fans. You pay them a small fee for this.
- Social media ads — these are sponsored content that appears in your Twitter, Instagram, and Facebook feeds or before the YouTube video you click on. Others also appear within in-stream videos, especially on Facebook.
Why Affiliate Marketing is the Best Way to Start an Online Marketing Business
By now, you should know that you must promote products or services that fit your topic or niche as an affiliate marketer.
Your goal will be to either make a direct sale or to get leads to your offers, depending on the affiliate programs you sign up with.
And yes! Affiliate marketing is the best way to start an online marketing business.
Tons of Opportunities
- Tons of Opportunities “It’s too competitive!” Some people assume that affiliate marketing is too competitive to be profitable because you have to stand out in the marketplace.
All markets in every area are competitive, so many businesses tell me which isn’t.
Competition is a sign of high user demand and consumption, indicating that the industry has a lot of money to make.
- Repetitive Sales — A relationship with your website visitors is necessary for any business to thrive. And this can easily lead to repetitive sales.
If someone purchased something from your website after you recommended a great deal, they would likely buy from you again because of the established trust. And this always leads to customer loyalty.
A great example is offering customers a discount code on special occasions like Valentine’s Day, Christmas, Halloween, etc.,
- Unlimited niches — With affiliate marketing, you have the luxury of selecting a niche from thousands at your disposal.
Your first niche is never your last, and it doesn’t matter whether it’s profitable or competitive.
Many people believe you should always choose the most profitable niche because they think it’s ideal to make the most money.
Of course, particular niches profit some people more than others, but it doesn’t mean that that same niche does the same for you.
Remember, a niche is a group of people interested in a topic you want to serve in your online business.
So when you select a niche, pick one that you’ll be comfortable with and know that you’ll be able to cater to your chosen niche.
Long-term success — Affiliate marketing is not a get-rich-quick scheme. Of course, you can make money, but earning a full-time income could take some time.
If you think long-term, you’ll have a better chance at succeeding than most people who go into this, thinking it’s fast money or need more patience to build a free traffic-generating website.
Your hard work begins the day you sign up; consistency is critical!
It would be best to believe in your abilities and yourself in this business; therefore, it isn’t good to compare yourself with others, especially in the beginning.
Remember, it’s an environment of possibilities; look to others as inspiration for your business.
You Can Join the Success Of Affiliate Marketers!
For you to master the art of affiliate marketing with a website, I can’t think of a better training than one at Wealthy Affiliate. This platform is the fastest-growing site built for affiliate marketers of all levels.
There you’ll find Super Affiliates with a handful of years of experience in the business. These remarkable people are just a message away and will be ready to help you succeed.
At Wealthy Affiliate, you can Create your FREE account here today, and I’ll be there to help you as your Coach.
The platform offers a free starter membership account, and after you sign up, you get a free website to kick-start your affiliate marketing journey.
The free starter membership account you get is yours for life. You don’t have to spend a dime.
It also comes with premium features that you test drive and enjoy for free for 7. days.
After that, you retain your free account for as long as you like or upgrade to Premium!
The training starts with 5.FREE lessons that teach you how to build your first website. You learn all the foundational tactics and set up your website ready to earn.
You also have the opportunity of promoting Wealthy Affiliate – You can earn money this way, too, from your free starter account.
Wealthy Affiliate Premium
You will not find a service like Wealthy Affiliate Premium anywhere in the world, and nothing even remotely close to the price.
There are 2. ways to pay for the Premium membership, which is much needed if you want to learn everything:
- Monthly @ $49/month
- Yearly @ $359/year (works out to $29.92/month)
With the premium account, you can access everything available on the platform: all the training, live weekly webinars, support, websites (up to 20), hosting, community support, and all the online business tools anyone would need to grow and scale a business.
If you do affiliate marketing with a website, you will need training on the Wealthy Affiliate Platform, perseverance, and consistency. “You will reap what you sow.”
Some people don’t have the stomach for this and aren’t patient enough to see it through.
Thanks for reading!
Affiliate marketing is not a get-rich-overnight kind of business model. Whoever’s selling that idea is lying to you.
If you have questions about the Wealthy Affiliate or how the affiliate marketing business model works, please don’t hesitate to comment below. I will reply ASAP.