FAQ
- 01
How can I make money online is a common question that is being asked. But, frankly, that is a wrong way to ask the question.
Money is a medium of exchange. In other words it is an exchange of values. So Instead of asking, "How can I make money online", you should be asking "What value can I provide to online communities so as to make money from them?"
The more values you can provide, the more people will be willing to pay you money, in exchange of those values.
Some may ask, "Suppose I don’t have any value to provide?" That is impossible. There is one value that everyone surely has. That value is time. And, everyone has an equitable amount of it; 24 hours per day. With time, you can learn skills. The more skills you learn, the more values you can then provide. The more you learn, the more you know and the more values you can provide.
Eventually you will reach a point where you can identify a problem in your preferred niche, have a solution for it and provide that solution using the values that you can provide. That's how big money comes in.
- 02
Passive profit is income regularly received from a source other than an employer or contractor.
Examples of passive income are:
1 Create an audio or video course, distribute it through sites such as Udemy, and then sit back as the income from sales rolls in for years to come.
2. Write an e-Book. You do the work upfront, then sell it for years to come.
3. Affiliate Marketing. With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product or service by including a link to the product on their site or social media platform. Some popular affiliate partners are Amazon, ShareASale, and eBay.
4. Invest in dividend stocks. Shareholders in companies with dividend-yielding stocks receive a payment at regular intervals from the company.
5. Create an App. With creating an app, you make an upfront investment of time and then reap the reward over the long haul.
6. Apartment rental
7. Advertise on your car.
In general, some or all of the work may be done upfront, and then the income comes after that on an ongoing basis. However, passive income often involves some additional work along the way:
You may have to keep your product updated – Course, e-Book, etc.
A rental property must be well-maintained to keep the passive income flowing.
- 03
Success doesn’t happen overnight, so to be a successful affiliate marketer, you must build your influence, drive traffic to the affiliate links you promote and convert the clicks into sales.
If you think you can influence potential buyers of a product or service by promoting or recommending the items to them, here are some ways to ensure affiliate marketing success.
A. Focus on the quality of your leads, not on quantity.
As an aspiring affiliate marketer, don’t make the mistake of ignoring the quality of the clicks or “leads” you receive in favor of quantity. Commissions are paid based on conversions/sales, so it’s better to have ten clicks from potential buyers than ten thousand clicks from bots and freebie seekers. You will never make any money from bots clicks because bots don’t buy anything.
B. Focus on conversion rates, not on commissions.
It is better to focus on promoting offers with a strong conversion rate rather than chasing offers with a high commission rate. For example, an affiliate offer that pays $US 900 per sale may seem attractive, but if the converts at a rate of a mere 0.03%, you will need a large number of clicks to make a sale and, by extension, a commission. On the other hand, if you choose an affiliate program that pays $US1 per sale but converts at 25%, You will be more likely to generate a steady revenue stream.
C. Pay attention to your audience.
Engage with audiences with similar interests and those with problems you can help them solve with your expertise. Pay attention to discussions on social media platforms and forums. Take notice of what people are asking about. Respond by sharing your viewpoint and posting an affiliate link that points to a solution that can assist them.
See your action as word-of-mouth marketing. If someone has a problem, say to them, this is what helped me
D. Build a subscriber list.
When you begin to gain footing, look for ways to build your brand and loyal following. Create a website or blog where you can share valuable content and deals and gain trust.
E. Pay attention to tracking the performance of your efforts.
Tracking is an essential element in affiliate marketing/internet marketing. Use the resources that the affiliate network you are working with provides.
A network that provides a potent tracking tool is LeadsLeap. And you can use it for free.
F. Follow the terms of use and rules of the network
Whichever network you are working with, abide by the rules and terms of use. So before starting your marketing activities, please familiarize yourself with the guidelines the company/network has established for its affiliates.
Companies have spent a lot of money and time building their brands. So they are rightly so concerned about how affiliates use them. So, abide by the established terms and conditions, or you may get banned or suspended.
Conclusion
It takes commitment to build an affiliate business. The key is to start small, be consistent with your work and grow. Then, as you get more experienced, if you do it right, you will earn trust, and your earning ability will grow.
- 04
You are given a unique affiliate link with a tracking ID when you join an affiliate program. This link lets the merchant track the customers you’ve referred to their network.
When someone clicks on your affiliate link, a tiny cookie file is stored on their device. This file usually has an expiry date. So if someone goes to the sales page via your affiliate link but delays buying for a while, you will still get paid.
Here’s an illustration of how it works:
1. Someone visits your post on the best voice-over software.
2. They click the affiliate link of your recommendations and visited the sales page
3. They close their browser for a while.
4. They return to the network the next day to check out the program again.
5. They buy the recommended product this time.
Because of the affiliate cookie stored on this person’s device, you still earn a commission on the sale of the recommended product.
I hope the illustration helps.
- 05
Affiliate marketing is the practice of promoting other people’s products or services in exchange for a commission on the sales you generate. The commission is usually a percentage of the sale price or a fixed amount. As a beginner, affiliate marketing is one of the best ways to get started in online marketing. But the big question is how to start.
Take advantage of this free training!
Follow these simple steps as a guide to getting started with affiliate marketing.
Step-1 Find a suitable niche
Your niche is an area of focus you would center your marketing around. There are many options. For example:
• Cooking / Food • E-Business & E-Marketing •Education
• Employment & Jobs • Games • Health & Fitness
• Home & Garden •Parenting & Families • Self-Help
• Spirituality • Sport • Travel
The list goes on.
There are means to help you pick your niche
1. Identify Your Interests and Passions
2. Profession / Career
3. Life Experience
Step 2: Decide on a platform to work from
Affiliate marketing can be done from many platforms, including:
Website
YouTube
Social media (e.g. Facebook, Instagram, TikTok)
Newsletter
Step 3: Find affiliate programs to join
Here are some of the best beginner-friendly affiliate marketing programs/networks:
Amazon's affiliate marketing program, also called Amazon Associates, is one of the world's largest affiliate marketing programs. With millions of products and programs available on Amazon, Amazon Associates helps content creators, publishers, and bloggers monetize their traffic.
B. The Big Stores
Like Amazon, many big stores have affiliate programs that are easy to use.
These stores include:
And many more
Similar to Amazon, the commission rates in these programs are low, but they are an easy way to get started while you learn and grow.
C. Clickbank
Clickbank is the world's leading online marketplace for digital products. It was founded in 1998, and it distributes in over 190 countries. At any given time, Clickbank has upwards of 100,000 active affiliate marketers.
D. Other beginners friendly Affiliate Programs include:
* Commission Junction (CJ)
* TUNE
Step 4: Create good content
To succeed with affiliate marketing, you must create high-quality content where your affiliate link fits in naturally. Be sure that your recommendation can solve the problem your readers are seeking answers on. A good practice would be to buy and use one of the items you are promoting to get first-hand knowledge before recommending it. The goal should be long-term success, so be genuine in your presentations.
Step 5: Drive traffic to your affiliate sites/links
When you have created good content, the next step is to get people to read it. Remember, the goal is to generate interest among your readers so that they will click on your affiliate links.
Go "Here" for some traffic strategies to consider:
Step 6: Get clicks on your affiliate links
Even if you have good content, it doesn't always mean you'll get clicks to your link. Other factors come into play:
Link placement:
If your links are at the bottom of the page, which people hardly scroll down to, you won't get many clicks. But, on the other hand, if your links are used too often in the introduction, they will look spammy. So you need to balance your link placement strategically within your content.
Call to Action:
Be sure to have a clear "Call to Action" Using buttons and boxes can help attract your readers' attention and make the post more effective.
Here are some examples:
•Learn More •Start Now! •Subscribe •Book Now
•Shop Now! •See More
Step 7: Convert clicks to sales
In affiliate marketing, two conversion processes are required to take place before you can make money:
1. Getting people to click your affiliate link that will take them to the sales page. You control that process.
2. The second process is getting potential customers to buy once they reach the sales page. The merchant controls the sales page and checkout, so the conversion process and rate are out of your control.
Notwithstanding that, you can seek to promote products that have high conversion rates. There are ways to determine products that are converting well:
Network statistics:
Networks such as Clickbank and Warrior Plus, and many others provide great statistics on the products that they list. You can use this information to make conscious decisions.
Income reports that have been made public:
Some bloggers publicly disclose how much money they make from their affiliate marketing efforts. Search on Google. Type in a phrase such as "income report amazon affiliate" You will find postings that will provide relevant information you can work with. If people are making good money from an affiliate program, then it is likely that the product they are promoting is converting well.
Ask Questions of Support:
If, for whatever reason, you cannot find enough relevant information on an affiliate network so at to make a conscious decision to promote, sign up and ask support pertinent questions such as:
What is your average conversion rate?
Can you give me a range of your top earners' monthly commissions?
Here is a "Done For You" Affiliate Marketing System. - ( It has a cost ).