Nowadays, affiliate marketing is one of the most popular and profitable ways to make money online. It’s not surprising when you think about it! You can make a full-time income from the comfort of your home (or any other place) just with your laptop and internet access. You don’t need to worry about inventory, shipping, or customer support. All you need to do is to promote affiliate product of your choice to the right audience and earn commissions. In this article, we’re going to share the most important 3 secrets you need to know and implement if you want to make money with affiliate marketing.
You might have already heard of affiliate marketing, but let’s clarify once again what it is before we come to the explanation of how you can earn money with it.
Affiliate marketing is the process of earning commissions by promoting other people’s (or company’s) products. In other words, you find a product you like, promote it to others and earn a piece of the profit for each sale that you make. Ideally, you chose a product that you know or even use yourself and can honestly recommend to others.
How To Make Money With Affiliate Marketing
The three secrets we’re going to share with you today aren’t some theoretical assumptions. They were laid out for us by Sharad Joshi, a highly-successful affiliate marketer in the ClickFunnels community. Sharad started his journey with affiliate marketing at the beginning of 2019 and within a couple of months, generated a nice amount of commissions.
Sharad shared with us what three points you need to follow to make money with affiliate marketing. So, let’s get to it!
Secret 1: Mindset, Skillset, Toolset
As for any other business out there, your mindset in affiliate marketing is also very important. Therefore, you need to set yourself up for success. You need to develop a belief that everything you want to achieve is possible, and you’ll succeed.
Although to make affiliate commissions, you don’t need any specific background or experience; knowing some basics of marketing will definitely, improve your results. That’s why Sharad points out that on your way to success, you still will need to learn some new skills which will form your skillset.
And the last component of this secret is a toolset. In order to make money with affiliate marketing, you’ll anyway need to use some tools. It can be link-tracking software, an autoresponder, social media tools, and so on. If you want to build funnels for your affiliate offers to promote them even more successfully, you may want to use some funnel-building software like ClickFunnels.
Sharad didn’t have all the skills and tools required when he just started, but what became his breakthrough point is the One Funnel Away Challenge. It’s an intensive 30-day training from highly-successful entrepreneurs that teaches you the success mindset, the ways to create and promote your offers, and the basics of funnel-building.
Secret 2: Focus On One Product And One Traffic Source
The more – the better principle doesn’t apply here. When you just start, choose one product you want to promote and focus on it till you reach significant results. Ideally, the commission for the product you decide to promote should be at least $100 per sale.
It also makes sense to sign up for affiliate programs that pay you not one-time but recurring monthly commissions. This way, you only put some effort once to make a sale but later receive your commissions as a passive income. Some of the companies are paying up to 50% recurring monthly commissions which let you make money with affiliate marketing in the form of passive income.
By the way, ClickFunnels is one of the companies with a great affiliate program. They offer both one-time and recurring monthly commissions on their products. Moreover, you can promote not only the software itself but other amazing content Russell Brunson and ClickFunnels put out there.
Secret 3: Provide Value To Make Money With Affiliate Marketing
This phrasing is very overused but is still relevant. If you want to make money with affiliate marketing, you can’t just spam people with your affiliate links. Do NOT go online and put your affiliate links in different Facebook groups or in the comments under YouTube videos. It’s not how the game should be played.
In order for people to buy from you, you firstly need to provide value to them without expecting anything in exchange. It can be useful content you’re creating, bonuses you’re giving in addition to affiliate products or just helping out when they need it.
Remember, people buy from those they know, like and trust. By providing value before a person even buys something from you, you’re building rapport and a more qualitative relationship than when you’re just sending your affiliate links out.
Now that you know the three secrets to making money with affiliate marketing, you’re ready to get started or level up your business game! We hope that the tips from Sharad will let you improve your results and make even more commissions!
If you have any questions about Sharad’s strategies, feel free to book a consultation call with him where he’s happy to share everything he knows and uses to achieve great results with affiliate marketing.