Affiliate Marketing is when you make commissions from promoting products. The consumer is looking for a product, and the retailer is looking for buyers. Affiliate Marketing is what brings the two together.
However, answering “What’s Affiliate Marketing?” is not as important as knowing “How to Make Money in Affiliate Marketing.”
You’re probably here to learn how to make money in Affiliate Marketing, so that is what we’ll focus on with this article.
If you want a longer explanation of what’s Affiliate Marketing then check out my article What is Online Affiliate Marketing.
How to Make Money in Affiliate Marketing
To make money in Affiliate Marketing, you will need 3 things:
1. A niche.
2. A website.
3. The right tools and training.
Bonus Requirement: motivation to become successful.
Niche: what is it? A niche is a group of people with common interests, passions, and problems. Your Affiliate Marketing efforts will focus on solving this group’s problems with products that you recommend. It is usually best to pick a niche that is already a hobby or interest. In Internet Business Niches I go into more detail.
Website: why do I need one? You will need a platform to promote your recommended products. As you help people solve their problems, they will trust you and keep coming back.
Tools and Training: Affiliate Marketing is competitive and not everyone is successful. In order to be successful, you need to know how to separate yourself from those who try to “go it alone.” You need to pick trusted and proven tools because there are scams out there that promise big results but don’t deliver.
Motivation: People are not successful because they are not willing to put in the effort. Affiliate Marketing is not a get rich quick scheme. However, it is also not something that is too difficult for beginners to make money.
How Much Can I Make?
That really depends on you. I’ve seen commissions range from 2% to over 40%. People that are successful focus on learning first and making money second. Once you learn the basics, which are not difficult, you can start making money from your website.
I’ll use a basketball analogy for this. If you focus on the money first, it is like trying to scores baskets before you learn to shoot the ball. You will rarely score, even if you are close to the basket. If you learn to shoot the ball first, then scoring points (making money) will be routine.
I’m Ready to Learn, How Do I Start?
You need to know that there are scams and rip-off programs that promise to make you rich overnight. There are also legitimate programs that will teach you everything you need to know. The key is doing your homework on the program before you join.
My #1 recommended program to teach beginners how to make money in Affiliate Marketing is Wealthy Affiliate. I joined a few bad programs before I came across them. After joining Wealthy Affiliate I launched my first website in 3 days and I have been learning at a fast pace ever since.
The reason why it is such a good program is because it is not just a guide, but it is a community. When you have a question, you will have a whole community for help. Eventually you’ll become one of the experts to give back by helping new beginners.
I’ve given you a quick answer to the question: What’s Affiliate Marketing. It is a way to make commissions off promoting products. I’ve also given you a better answer to the real reason you clicked on this article… you want to know how to make money in Affiliate Marketing. You do this by solving your niche’s problems through product promotions on your website. You beat the competition by gaining the right tools and training.
Wealthy Affiliate provided me the right tools and training. If you’re not sure where to start, then I recommend that you try out the Free Starter Membership with Wealthy Affiliate. You can also check out my full review here.
It won’t cost you anything unless you want to upgrade. The founders of WA knew that no one would upgrade to the premium membership ($47/month) unless the Free Membership worked. Since its free, there’s no risk.
Here’s a breakdown of the Free Membership.
Thanks for reading this article and I hope it has answered your questions. I invite you to join our community and look me up (my profile is DIYSurvival), I’ll help you in any way that I can. Click here to go to the Wealthy Affiliate homepage to try the Free Starter Membership. I hope to see you there.
If you have any questions leave them in the comments and I will get back to you.