Basics Of Affiliate Marketing

Basic Affiliate Marketing

Fast Lane

when you find someone successful, you can emulate him or her and gain success much faster than if you go it alone. That’s the purpose of this Master Class is to save you from making the same costly mistakes that I did. Everything I’m about to share with you has been discovered through years of painful (and expensive) trial and error.

If you want things to change your life for the better, make more money, and spend more time with your friends and family … then you need to listen closely from start to finish.

So, switch off all distractions and go somewhere quiet for the next half hour so we can get started.

This is not…

If you are looking for that magic pill, then this is definitely not it. You can leave this master class now. I don’t have anything that can cure your disease of something instant or something for nothing.

 

This is…

Someone who is sick and tired of not getting results and who is determined to say enough is enough. Erasing all excuses and ready to make a change to create a better financial future for me and my family so I can take care of them.

 

The Reality of Doing Business Online

 

The truth is, building an online business is very hard work, and it’s rarely as easy as the gurus make it out to be. Now don’t get me wrong, of course there are shortcuts and easier ways to make money online than being stuck to your computer forty hour a week.

 

But, if you’re going to go down the traditional route of making money online (like I did, and which I don’t recommend) there will be times when you find this really hard.

 

The internet marketing industry is littered with failures… yet you’ll rarely hear the gurus talk about it. In fact, 97% of people who get started online fail. Shocking I know, but industry figures show that the chances of success are less than 3%. Can you imagine that? Anyone who tells you that Internet Marketing is easy is lying to you. It’s hard work.

 

 

 

 

 

 

How to build an effective online business?

 

7 Steps to Build an Online Business

 

  1. Know Where You Are

 

We mostly look at things either worst than it is or better than it is. We need to learn to look at things as real as it is.

 

Who you are is part of where you are as a person. You need to look at your strengths instead of looking at your weaknesses. When you want to start a business you need to look at what service you can provide to others so you need to look at all the strengths first and then when you are running the business then you can learn or delegate the areas you have as weakness.

 

In Online Business, look at your interests, passion to decide on the niche you want to get in.

 

  1. Know Where You Want To Go

 

This is very important you MUST know where you want to go.

Let’s say, if you want to go to next street – You can walk or take your bike

What if you want to go to next city – you can go on your bike or car

What if you want to go to another state – you can take your car or you can take a flight

What if you want to go to another country that is halfway around the world – You must take a flight

 

So it is critical that you know where you want to go.

 

What is your income goal with your online business?

 

  1. Identify the quickest way to get there

 

Choose Your Vehicle to go from where you are to where you want to go. When you try to find route on Google map you automatically use this principle but when it comes to business or life we tend to forget this and try to follow the crowd blindly.

“The only place the crowd can take you is the exit” – Anonymous. So follow the crowd only when you are in a movie hall or stadium or something like that where you only need to exit from that place.

 

In life or business, look at you and where you want to go and you find the quickest way to get there.

If you want to go from New York to LA you can take a bus, car or flight you know which takes you the quickest to your destination. That is why it is so important you know where you want to go.

 

In Online business there are couple of ways

  1. You can either sell your own product/service
  2. You can sell other people’s product/service

 

  1. Product

This is the fuel. Choose the destination (make x amount), Choose the Vehicle (online business) and Choose the Fuel (your product or other peoples product)

 

Let’s say you want to make $1000 per month. You can sell a $10 product to 100 people or you can sell $100 product to 10 people

 

  1. System

This is the map to get from where you are to where you want to go. If you don’t have a system in place the chances of you getting lost along the way is very high or it might take forever to get to your destination. Choose your map wisely.

 

MAP can also mean Massive Action Plan if you want to reach your destination in the quickest way possible you definitely need a map. In Online business it is complicated because there are just too many ways to get to your destination. So you need to be very careful in finding your map. That is the reason I call the map, as step-by-step process with a system to implement those steps is the best.

 

 

  1. Target Traffic

This is one of the most critical step in this whole journey, because these are the customers who are going to pay for your journey, so you need to identify who they are, what are their challenges and how your product can solve their problems.

 

No matter how good your marketing is you can’t sell a ticket to Singapore if that person wants to go to America. So find the right audience for your product or service and you provide value by providing the right knowledge, tools and recommending the right products.

 

  1. Scale, Leverage, Automate

If you are a local school teacher you are impacting about 100 kids in your school, if you are a teacher on YouTube you can impact the kids from around the world. So it is the number of people you impact determines how much you are totally worth. So in order to scale, leverage and automate you need to understand the online business is the level-playing platform for anyone who wants to start from wherever they are and reach to the entire world

 

Remember the only person who can fail you? Is

YOU

 

Truth About Affiliate Marketing

Seriously. on the other end you can’t just stay at JOB (just over broke or broke or simply poor. Poor means Passing Over Opportunities Repeatedly. You don’t want to do that.

 

If you’re anything like those people who tried and gave up, I get the chills when I think of all the hard work they put in the wrong systems, it is like quicksand the harder they try to get out the faster they go down in the hole, and one fine day they call it off all together and go back to JOB. They give up on their dreams and go back to build someone else’s dream. I really feel sorry for them.

 

Basic Affiliate Marketing

Sell Your Own Product (eCommerce)

Sell Advertisements (Adsense)

Sell Other People’s Product (Affiliate Marketing)

 

 

What Is Affiliate Marketing?

Affiliate marketing is a business model whereby you (the affiliate) promote other people’s products to potential buyers. When a sale is made, you earn a commission.

 

Different Parties Involved in Affiliate Marketing

Creator (Seller, Retailer, Vendor, Merchant)

Network (Exchange, Marketplace)

Affiliate (Promoter, Publisher)

Consumer (Buyer)

 

5 Basic Steps of Affiliate Marketing

Pick a Niche

Identify A Product

Identify your ideal customer

Get Traffic

Conversion

 

 

Your niche market is the people who are seeking the products within that niche. So if your niche is body art. Then your niche market will be people who want to body art or people who need body art products or people who want to learn how to do body art.

 

 

This is a critical step if you miss this one you can never succeed in online business for that matter in any business. No matter how good you are with marketing, you can not sell a burger to a crowd who just had a buffet.

 

 

This is the map to get from where you are to where you want to go. If you don’t have a system in place the chances of you getting lost along the way is very high or it might take forever to get to your destination.

 

Conversion

Your Product (know your product pitch, angle very well)
Your Perfect Customer Avatar (who you are selling to)
Your Customers Biggest Challenge
How Does Your Product Solve That Challenge?
Map Out the Journey (Create Bond and Positive Expectancy)

 

 

The Benefits of Affiliate Marketing

  1. It does not require a sizable investment on your part (the affiliate).
  2. The affiliate (you) does not have to bother about customer service
  3. bookkeeping and accounting, and refunds, since in affiliate marketing, the merchant (product owner) takes care of everything.
  4. You are your own boss
  5. You don’t need employees
  6. This means you can get started today and start making money.

…And so much more

 

All you are required to do is pre-sell the buyer and lead them to the sales page.

 

Lessons Learned

High Ticket Offer

Going after small commission products to promote, if you are starting out never ever do this in affiliate marketing. I can guarantee that this is the fastest way to give up affiliate marketing. Let me tell you, this works to ONLY I mean ONLY to people with huge lists because they are not spending a dime on marketing. So when they send this offers to their list they can make money and any money they make is a profit.

When you starting out you don’t have a list all you’re doing is trying to convert your prospect into customer that is the most expensive sale you will ever make. So selling small commissions products is NOT even an OPTION.

 

Mentor

After surveys from 1000’s of people in this industry the #1 reason for failure is Information Overload. There is no escape with Internet you get tons and tons of free information but they are all silo information.

 

Systematic Process

In order to be successful you need to have the knowledge, tools and more importantly the sequencing. Most of you have the knowledge and tools but still not able to make it, because you don’t know when to do what for which you need a systematic process that guides you step by step.