Some people make money in this business by scamming others. They market, sell, and get people to give money back on promises that they, the buyer, will make even more money for their “investment”.
Then there are people who actually make money in this business by providing something TRUE to others, giving them great information, advice, and selling products and services that have real value and ethical results.
The first and most popular “money” technique we are going to explain is probably the most common, and you should definitely be familiar with the term.
Before you become an effective and successful online affiliate marketer, you need to understand what your role is, you need to understand the numbers in the game and you need to understand the income process.
UNDERSTAND HOW AFFILIATE MARKETING WORKS
This affiliate model is very simple, but most people tend to over complicate things. Affiliate Marketing allows you (AFFILIATE) to promote online products or services for businesses (MERCHANTS).
This is done through affiliate programs. There are 10,000 of them. In fact, if you can buy something online, chances are you can promote the product as an affiliate through their affiliate program. When you join an affiliate program, they give you a special link that you put on your site to promote their products.
To explain this in detail, I will go over the basics of affiliate marketing and show you how you are going to make money as an affiliate.
HOW MUCH CAN YOU EARN AS AN AFFILIATE?
Your income is usually very closely related to the amount of traffic you can get. And remember that to get traffic, you need a website.
You need to create relevant content and target specific “low competition” keywords with each new post you create on your website.
I’ll give you some examples of numbers that you can work with just to give you an idea of some lower averages so you can get a good idea of the earning potential.
Let’s say you get 1,000 clicks to your site in a month. It’s 33 clicks a day and once you get started it will be more than realistic.
On these 1000 clicks, you get a 20% click rate on your affiliate links.
1000 x 0.20 = 200 affiliate clicks
Scenario 1: If 1:50 (or 2%) of these people end up buying something, you will make 4 sales.
Scenario 2: If 1:20 (or 5%) of these people end up buying something, you will make 10 sales.
If you promote a product that pays $ 30 per sale (fairly typical), you will earn $ 120 in the first scenario and $ 300 in scenario 2.
These are very conservative figures, in just one month! This same traffic will transform for you all year round and will work for you 24 hours a day.
LET’S LOOK AT SOME REALISTIC BUT BIGGER AFFILIATE REVENUES.
Over time and as you work to build your authority site and your connection traffic (traffic generated to your website from other sites), you will reach a point where you will get a lot more traffic, more than 100 unique clicks/day.
There are many products that also offer over $ 100 per sale in affiliate commissions (such as Wealthy Affiliate, after retention).
100 clicks per day = 3000 clicks per month
Let’s keep the click-through rate at 20%. Each month, 600 people will click on your affiliate links. Suppose you are promoting something that leads to $ 100 per sale and converting to 1:20 (30 overall conversions).
That’s $ 3000 profit in one month. That’s a profit of $ 36,000 each year.
And it can be adapted to any level. The rankings are everywhere and will only grow over time as you build your sites. It’s a reality of your affiliate marketing efforts alone, but it only scratches the potential.
You’ll hear stories of people earning $ 1,000 / day on a single keyword.
It is true and it is possible. You will hear stories of people earning residual income from home all year round. It is a reality and it is usually done through affiliate marketing in one way or another.
Now that you understand how affiliate programs can make you money, it’s time to sign up for some affiliate programs.
To accomplish all the above you must register with a service provider who can provide you with a free website as well as hosting and how to use this website adequately through a series of courses and a community of thousands of people ready to help you.
I recommend that you register with Wealthy Affiliate because what they offer you and for the price they charge is going to be more than enough to get you started on your entrepreneurial journey.
SIGN UP WITHOUT A CREDIT CARD AND IT’S FREE FOR 7 DAYS.
HERE IS THE OFFER OF WEALTHY AFFILIATE AND THE COST
FREE STARTER MEMBER FOR 7 DAYS.
You can remain a Starter member for free for 6 months at the end of which you must make a decision to become a Premium member or leave.
Your Starter membership status gives you limited choices, see the comparison list below.
PREMIUM MEMBER COST
Cost per month $ 49 dollars. ($ 1.63 per day)
Cost per year $ 495 dollars, a savings of $ 93 dollars over the monthly price. ($1.35 per day)
You also receive free a .com domain worth $ 14 dollars.
You can see in the table above all the advantages of a Premium member compared to a Starter member.
Anyone can succeed online. There are now more than 4 billion people using the Internet, whichever direction you are heading, there are a very large number of people with whom you can connect and leverage to build an online business. Members here at WA succeed at the best rate on any online platform!
Maybe during this corvid-19 pandemic, it is time to embark on an adventure that may be permanent and give you the financial independence you need.
This is just a glimpse of what you can accomplish by fully investing in this project.
Nothing different will happen in your life unless you put elbow grease on it. Nothing is acquired without effort, if you believe that it will be done alone continue to search as you may have done for years for the magic occasion.
If you have any comments, suggestions or anything I haven’t covered, drop me a line below and I’ll get back to you as soon as possible.
Thanks for reading my article.