What Is Affiliate Marketing And How Does It Work? | For Beginners

Introduction to Affiliate Marketing

In this video, the speaker explains what affiliate marketing is and how it works. They also discuss the two ways to make money with affiliate marketing, seven different affiliate programs you can sign up with, and eight different traffic sources.

Understanding Affiliate Marketing

• The three main components of affiliate marketing are the product owner who has an affiliate program, the affiliate who's selling it, and the customer.

• Two ways to make money in the affiliate marketing ecosystem are having a product and having other affiliates promote it or being an affiliate and making money by marketing products.

Making Money as an Affiliate Marketer

• Example 1: Reviewing Products - The speaker shows a website where a famous YouTuber reviews headphones and includes his Amazon affiliate links for people to buy them.

• Example 2: Selling Products - Another famous YouTuber sells digital photography products on his site using his own affiliate links.

• Influential Affiliates - The speaker highlights that some affiliates sell expensive products like cameras worth $5,000.

Affiliate Programs & Traffic Sources

Affiliate Programs

• Clickbank

• Amazon Associates

• JVZoo

• Commission Junction (CJ)

• ShareASale

• eBay Partner Network (EPN)

• MaxBounty

Traffic Sources

• Facebook Ads

• Google AdWords/YouTube Ads

• Instagram Shoutouts

• Snapchat Ads

• Twitter Ads

• Pinterest Ads

• Search Engine Optimization (SEO)

• Email Marketing

Conclusion

The speaker concludes the video by encouraging viewers to get started with affiliate marketing and providing resources for further learning.

Key Takeaways

• Affiliate marketing involves three main components: the product owner, the affiliate marketer, and the customer.

• There are two ways to make money in affiliate marketing: having a product and having other affiliates promote it or being an affiliate and making money by marketing products.

• Affiliates can review or sell products using their own affiliate links to earn commissions.

• There are many different affiliate programs and traffic sources available for affiliates to use.

Making Money with Affiliate Marketing

In this section, the speaker talks about how affiliate marketing can be a lucrative way to make money online. He discusses the benefits of being an affiliate marketer and highlights some popular affiliate programs.

Benefits of Affiliate Marketing

• Affiliate marketing is a great way to make money online without having to create your own products or services.

• You can choose a niche that you are passionate about and promote products that you believe in.

• As an affiliate marketer, you don't have to worry about customer support or shipping products.

• The potential for earning money as an affiliate marketer is huge, especially if you focus on high-priced goods.

Popular Affiliate Programs

Amazon Associates

• Amazon Associates is one of the biggest affiliate programs out there.

• Affiliates earn 5% commission on sales made through their unique referral link.

• Signing up for Amazon Associates is free and easy.

Walmart Affiliate Link Program

• Walmart's affiliate program allows affiliates to earn money by referring customers to Walmart.com.

• Affiliates can sign up for free and earn up to 8% commission on sales made through their referral link.

Target Affiliates

• Target's affiliate program allows affiliates to earn up to 8% commission on sales made through their referral link.

• Affiliates don't even have to be at the store - they can sell products from anywhere in the world.

eBay Partner Network

• eBay's partner network allows affiliates to earn money when people buy products on eBay.

Conclusion

Affiliate marketing can be a great way to make money online, especially if you focus on high-priced goods and choose a niche that you are passionate about. There are many popular affiliate programs out there, including Amazon Associates, Walmart Affiliate Link Program, Target Affiliates, and eBay Partner Network. Signing up for these programs is free and easy, so why not give it a try?

Referral Programs and Investment Niche

In this section, the speaker talks about referral programs and an investment niche that can help people earn money.

Referral Programs

• Trucking companies offer a bounty of $1,500 to refer someone who becomes a truck driver.

• The speaker has his own educational course on affiliate marketing that pays well. Affiliates make around $500 and earn $125 per month.

• The speaker's product is the top-selling educational course on the internet. It costs $1,000, and affiliates make about $500 from it.

Investment Niche

• The investment niche is the best niche for earning money as it involves trillions of dollars being transferred every year.

• Regal Assets Affiliate Program allows you to make 3% of transfers that people make from their retirement accounts in two different investment vehicles.

• The average deal is $80,000, so on average, you'll make a $2,500 commission.

• You just need to get their name, phone number and email address if somebody who's interested in doing investing.

Marketing Strategies

• To market referral programs or products effectively, one needs to put themselves in the salesperson's mindset.

• One can start earning money as a marketer by using better ways such as creating blog posts or YouTube videos with links to their affiliate program.

Promoting Affiliate Links on Social Media Platforms

In this section, the speaker discusses how to promote affiliate links on various social media platforms such as Facebook, Google, YouTube, and Instagram.

Promoting Affiliate Links on Facebook

• You can set up a Facebook group or page for free and post your affiliate links.

• Start a Facebook group about a specific topic related to your affiliate link and post your referral links in there.

• You can also put up Facebook ads to target people who are interested in investing.

Promoting Affiliate Links on Google

• You can create blog posts for free that will show up on Google search results.

• Alternatively, you can pay for Google ads to show up at the top of search results.

• Both methods will drive traffic to your affiliate links.

Promoting Affiliate Links on YouTube

• YouTube is an excellent platform for promoting educational programs such as training courses.

• You can promote these programs through YouTube ads or by creating videos related to the topic and linking to the referral program in the description.

Promoting Affiliate Links on Instagram

• You can post for free on Instagram or pay for advertising.

• Include your affiliate link in the description of your posts.

• Make sure your posts are interesting and shareable so that they reach more people.

Engaging with Viewers and Subscribers

In this section, the speaker talks about engaging with viewers and subscribers by asking them questions and encouraging them to leave comments.

Encouraging Engagement

• Ask viewers what they enjoyed about the video or what they would like to learn more about in future videos.

• Responding to comments shows that you value their feedback.

• Encourage viewers to subscribe and hit notifications so that they don't miss any future content.