Did you know that you can actually make money doing affiliate marketing? In fact, millions worldwide now take advantage of this fact and work from home doing just this.
Through affiliate marketing, you are able to accomplish three things for three different people.
Firstly, you are making yourself richer by earning a commission.
Secondly, you’re helping a company or other people to gain new customers that they don’t already have.
Thirdly, you are helping to create a satisfying experience for your customers. They hopefully buy a product from you that can really be helpful and beneficial to them.
The best thing when looking how to make money doing affiliate marketing is that it can be done reasonably quickly, cheaply and you don’t need a huge email list to drive traffic to your offers.
All you really need to dive into the world of affiliate marketing is a good mindset, good work ethic and some creativity.
The best thing about affiliate marketing is that you don’t need your own product, you simply promote other peoples products and get a commision. That means not having to worry about carrying stock, shipping or payment processors. It’s all done for you behind the scenes and you get to make a commission.
On an even brighter note, you don’t even have to provide customer support for the products you sell. All enquiries or complaints will be directed to the product’s vendor. The vendor is responsible for its products and customer care. They will bear the brunt and grunts if anything goes wrong.
To make money doing affiliate marketing, you are, in short, an online sales agent. Your main task is to make sales but to do so, you have to be creative with your approach. That is why you need, to scout for the potential killer products to promote!
Make Money Doing Affiliate Marketing By Starting Off Right
Most of us neglected even the very basics of affiliate skills when we first started. Here are some of the mistakes that you may or may not be aware of when you start your affiliate marketing journey. Some of these things may be the very reason why you can’t seem reach the breakthrough you’ve always wanted in your commissions.
The thing that you could’ve been doing unknowingly is not building your own mailing list. This is a very common mistake. Your buyers’ list is the very foundation of your affiliate marketing business. Start building your list at the beginning of your affiliate marketing career. There are plenty of great free tools available to do this for example Sumo.
Next, once you start building your list you actually need to follow up with them and send them helpful information whenever you can. Build a relationship with your list and you will have fewer people unsubscribing. But List Building is a vast topic and there are many articles online on how to go about building your list when you want to make money doing affiliate marketing.
Another learning curve for affiliate marketers is learning how to generate traffic. This is also a learning curve and takes time and testing before you learn to know what works and what doesn’t. The best way to start, although a slow method is to work on getting organic traffic. This is traffic generated by the search engines, and it is totally free. This company offers extensive training on how to generate traffic, both free and paid, and it is well worth taking a look at.
Facebook, Google AdWords, Solo Ads and many others are only some example of the methods of generating traffic. Even I must admit, traffic generation is a learning curve that anyone who wants to make money doing affiliate marketing has to go through.
The next most common mistake that new affiliate marketers make is to invest money and not see any profits. This is because they have no experience when it comes to online marketing, and like anything learning to do affiliate marketing is a learning curve that we all need to go through.
Don’t be in a rush and throw your hard earned money to the wind. Take the time to learn how to generate an income. It does take time, so enjoy the journey. Finding your target audience and coming up with ways to approach them requires a lot of work on your end.
An inexperienced affiliate would engage in an advertising campaign with limited knowledge of its inner workings, and, naturally, would lose more money than they gain. Train yourself by learning how to generate free traffic first before you start throwing caution to the wind.
Do You Have The Right Mindset?
You need to train your mindset to look at yourself as a super affiliate. This is an affiliate marketer who has learnt all the tricks of the trade and makes really high profits each month. Anyone can do it, by simply investing time and effort into themselves.
I also cannot guarantee your success. That is up to you. On your end, you need to give your 100%. You need to be positive and efficient. Attitude will be your drive to succeed in the end.
You are on this page because you want to make money doing affiliate marketing and let me tell you that it is no walk in the park, but you can make it an incredible journey and you can learn so much on the way, providing you have the right attitude for the job at hand.
The ‘C.R.A.F.T.’ Strategy
To be the desirable Super Affiliate that you want to become, I personally suggest you implement the C.R.A.F.T strategy.
The “C” in the ‘C.R.A.F.T.’ Strategy represents Consistency.
We all heard of the famous story about the rabbit and the tortoise race. The tortoise successfully wins the game because of its consistency. By now, you should know that a successful online business does not happen overnight; it is a process of progress. So, how and what can you do to be consistent?
When you are an affiliate, it is a given to always be consistent in your technique. But personally, I would say to keep your consistency ‘in the know’ of what’s happening in the market.
The “R” in the ‘C.R.A.F.T.’ Strategy represents Risk Taker. You want that extra commission, don’t you? Then keep this in mind: you must be comfortable being uncomfortable. Remember, conviction and comfort cannot stay in the same room. Being convicted to your goal means getting out of your comfort zone.
So, get to know the current online market. Is the list of pros greater than the cons? Will this reach your target audience? Should I add this kind of bonus to this product? Should I even promote things that are not rewarding, but according to my niche? We’ve all been there.
We know sometimes the greater the risk, the greater the reward. Especially when the product you are promoting is not within your comfort zone, but the reward plan is high. It is completely opposite from the niche of your capabilities and criteria. Yet, you are doing it anyway, why? Because deep down you know it leads to a greater level of success, and if you don’t push yourself from the start, you will shy away from challenges in the future.
The “A” in the‘C.R.A.F.T.’ Strategy represents Action. There is no point in planning if there isn’t any execution. Let’s be frank. With all the planning in your head, are you getting anywhere?
Ask yourself, are you a doer or a thinker? Taking action is, and will always be scary to you. Especially when you have to take responsibility for your own actions. As an affiliate, it is your responsibility to make the sales for your vendor.
If you don’t start somewhere, will you be getting the extra commission? If you don’t put up those killer bonuses, do you think it will be beneficial to your prospect and subscribers in the long run?
If you don’t allow yourself to take that action you should be taking, you will end up empty-handed. So, don’t wait to act, regardless of your circumstance or situation. This here is the starting line of doubling or even tripling your commission!
The “F” in the ‘C.R.A.F.T.’ Strategy represents Follow-up. The basic and nonetheless, the critical mindset you need to always remember. I think you would agree that following-up to your list is important for you to earn the extra commissions.
So, sign up for any autoresponder software available out there. For instance, GetResponse.com. They provide automation services and editable mail layout for you. I know, setting up periodic email to your prospects and subscribers are tiring sometimes.
However, the key is to be consistent. If you don’t do it, you don’t earn.If you do, you will earn those extra commissions you have always wanted!
The “T” in the ‘I C.R.A.F.T.’ Strategy represents Time Management. Spend at least once a week to study the current product in the marketplace and find out the reason why a particular product is increasing or decreasing in demand.
This will allow you to train your observation and analytical skills. With these skills, you will be able to promote the right product and have a higher commission in return.
I learned it the hard way. So, don’t wait for that perfect product to come knocking. Because when you do, you will experience a lingering bitter loss over the product you should have been promoting. Instead, you put it on your reject list because it’s not the ‘best’ for you.
New products are released every day! If you don’t believe me, head to JVZoo’s Product Library and towards the ‘Latest Launch’ tab. Just look at all the new products waiting for you to promote! See, if you don’t do a timely visit to this place, look at all the opportunities slipping by right in front of you.