You can make money with affiliate marketing.
What is affiliate marketing? It is a way for you to recommend other people’s products and services online and earn money or commission from each and every single sale that you make using an affiliate link that is given to you ahead of time.
Part of what myincometrek teaches is being able to take advantage of automation and keeping cost down, with affiliate marketing you are able to do both of the above through the affiliate link.
With affiliate marketing you don’t need to create your own product or carry inventory nor store that inventory. Once the product or service is sold, you are no longer responsible and all aspects of the support is carried over by the vendor. Based on what you specifically want to promote or sale, you create your product or service line.
As you can see affiliate marketing is a way to generate additional revenue: You simply think about what products or services you may want to offer, you create the vehicle to promote those products or services and you earn commission based on those sales.
This is a perfect business for those of us that want to keep our regular jobs or even stay at home parents and even if you are looking for work and want to begin generating revenue in the meantime.
Some affiliates make fifty dollars a month up to several thousand dollars a month. We are not trying to hit a home run with one business, we are trying to generate multiple streams of income to have multiple incomes from different sources to come in.
How much money can I really expect to earn with affiliate marketing?
That really depends on you and your effort and the product or service you pick.
Many online businesses are paying a lot of money each and every month to affiliates via Amazon, Clickbank, Shopify just to name a few.
Countless online Homepreneurs are earning both part time and full time incomes from affiliate marketing, many are earning passive income and many are part of the multiple streams of income earning multiple incomes from different sources with affiliate marketing being one of them.
How can you get started with affiliate marketing?
The first part is to Think about what you want your affiliate business to be about, and that involves deciding and picking your particular niche. This is the most important part of this stage and this is the step that most people fail in when getting started.
You need to be razor focused when selecting your affiliate marketing niche:
It takes time and energy putting together your website or blog, adding content and getting your site ready as well as generating traffic, that is why working on just one topic is the best strategy initially. Once you begin to earn money from this one particular niche, then you can begin to segment into other areas.
Let’s look at what you will need to get started.
Think about your topic: this is an important part of the selection process: You will then need to create content for that topic, then you will need to create your website or blog, and finally you will need to be able to capture emails to build your list. I will go over each strategy below.
Selecting An Affiliate Niche Topic:
You are going to need to select a niche based on a need for the product/services that people need to buy all the time. You may want to look at hobbies or sports and gardening as well as educational material.
Another area that people tend to buy a lot is impulse buying. Things that make us feel good about ourselves or vitamins.
This niche topic is fast becoming a huge topic need: Safety and Security:
Within these niche topics above, you may also want to have some knowledge of the area you are choosing or have a genuine interest. If you enjoy gardening and are really good at it, then start a blog showing how to grow your own food: This would fall within the Safety and Security Topic with the Niche: Gardening For Home Safety.
Once you pick your niche topic – make sure you pick your initial products/services that are good that people need and want.
Create Your Own Info Product:
After selecting your particular niche that you will start with, begin to offer your niche to people as a soft approach: What I mean is don’t start out by directly trying to sell them the product/service you have.
You will want to be seen as a helper for your particular niche topic. Why is this important? Because when people trust what you are saying, then they will trust your product/service to purchase, here is the genius behind earning multiple streams of income.
How is it that you will help people?
The best way is to offer information that is directly related to what you are focusing on. The information is insightful and full of real life relevant information and not just fluff. You may even offer videos on the topic: Actually, it is better to have less information, but the information you do have is useful, this brings people back.
I personally don’t consider myself a good speller: I do like writing but I tend to confuse words like: Their and There: So, I often use professional writers to check my work. It can cost me on average $5 dollars. If you find writing a challenge, simply hire these professionals to write the articles for you. I use fiverr.com to find good quality writers: Sometimes it can be a time saver.
Create Your Website or Blog:
Building your website or blog is so easy today. It is easy to put together a website and launch it in a matter of days.
I used wordpress and within wordpress you can find many types of themes available to be used to create your affiliate marketing website or blog.
Once you create your website or blog, then start creating and filling up your site with content that is useful, remember: the content must be helpful to your audience.
Build Your Email List Builder:
After creating your website/blog and its running, begin focusing on growing your email list for your potential customers.
Even though you are creating an affiliate marketing effort, you need to grow an email list. Generous commissions are generated through this email list.
When people are visiting your site, they may not immediately buy your product/service, but they may read what you have to say. By getting them to provide you with their email, you can communicate with them and eventually convert them to paid customers.
The only way you will be able to do this is via an autoresponder. It handled all the signup and follow-up communications with your prospects. I personally have been using GetResponse since 2006 and find they are the best in the industry. They are the leader in providing this type of service and their reputation is amazing.
With GetResponse you will then create what is called an opt-in form pasted on your website or blog. It is very easy to do and GetResponse has many choices in selecting your op-in forms and they have an amazing online chat help that is real time.
Give away helpful valuable information – this can be via a training course or a downloadable package or ebook that your visitors must have. If you can’t create something like this, then simply buy the product or service and give it away for free. You can find products to give away: they are called PLR (Private Label Right).
You can find tons of products in every niche you can possibly think about that you can buy and own the Master Rights to. This means that you can brand them yourself with your own name and give them away. Just do a google search for “your niche + plr” or your niche + master rights”.
Make affiliate marketing part or your multiple income stream
Creating an income stream using affiliate marketing is too lucrative to simply not do. You can earn commissions virtually forever.
Once you begin generating income from your first affiliate marketing effort, you will quickly see that you can create multiple incomes using affiliate marketing alone. You will want to generate revenue using this method over and over again.
The whole intent behind My Income Trek is not to show you how to make a full time income with only one action, the whole purpose of MyIncomeTrek is to show you how to make multiple incomes from many different sources: This I fell is the most secure and reliable way to keep your revenue form continually coming in.
Whatever you decide to do – Doing it yourself vs having someone do it for you, affiliate marketing can be a rewarding first profit stream. This is perfect for you who are new to wanting to create an income while keeping your job, but also for stay at home parents wanting to make additional revenue. Let’s get started.
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Author: Roy Vera MBA
Roy Vera is the founder of My Income Trek, a guide to building passive income while keeping your current job. Roy is also an author, consultant and coach for multimillion dollar corporations through his website WSNAcademy.com Roy’s mission is to inspire you and give you the tolls to create and earn multiple income streams while keeping your current job. You can learn more about him on myincometrek.com.
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