Affiliate Marketing for Beginners – 2018

Hi everyone! This is Alex from the extra paycheck blog and the extra paycheck podcast If you haven't seen my videos or haven't seen my blog I've been doing online marketing since 2007, since the end of 2007, and I've been concentrating on affiliate marketing

This is how I've been making my living for the past nine or so years And a lot of people still ask me what exactly is affiliate marketing, how it works, if anyone could do that and this is why I'm making this video today: to explain in detail what affiliate marketing is, how it works and how you can get into that [INTRO MUSIC] So first of all affiliate marketing, not to be confused with network marketing and some other kinds of marketings Affiliate marketing is basically when you become a middleman between the buyer and the seller You don't have your own product to sell what you do instead you promote a product that already exist and you make a commission if there's a sale on that product

So let me give you a more concrete example so you would understand easier how it works For instance you went to your friend's house and you saw they have a very nice brand new TV and you really liked it and you ask them what kind of tvs that and they're like oh it's a 55 inch HDTV whatever and when you got home you decided that you want to get the same kind of TV because you really liked it so you go on google of course since you don't know much about tvs and you type something like "best 55-inch TV" Then you decide that you would like to spend less than five hundred dollars so you will add that So your final keyword phrase would be "best 55-inch TV under five hundred dollars" When you click on search there will be a whole bunch of websites listed on google and you click on one of them and what the website does it explains or it compares a few different tvs that are 55 inch and that are under five hundred dollars

So you read those reviews, you look at the specs, you're like well okay so i'll go for this TV And at the same time the website tells you you can buy it at Bestbuy for 520$ or you could buy it on Amazon for 495$ or you could buy them at some other store at some other price Of course naturally you pick the best price you click on the button you are redirected to for example amazon and you make a purchase Now what you might not know that person who created that website they receive a commission once you purchase the TV That is the basics of affiliate marketing so you will be promoting products that aren't yours but you will be promoting them to people who would want to purchase these kind of products this is the base of affiliate marketing

Now a few things that I should mention that are really really cool about affiliate marketing is that affiliate programs are free to join You never have to pay as an affiliate so amazon has one, Ebay has one, Walmart has one, a whole bunch of travel agencies have affiliate programs Pretty much any big retailer that has an online presence has an affiliate program that you could join completely free and you can start selling their products for a commission Most of the time the commissions are between 4% and 10% depending on different things for instance how many sales you make every single month So Amazon being one of the most popular and biggest affiliate programs because they simply have so many different products they have such a big variety of stuff they sell online that you can pick whatever interests you the most and sell it as well; or should I say promote it for them because you aren't actually selling your own products

You don't have a warehouse, you don't have to stock these products, you don't have to ship them, your don't have to take payments All you do is promote and get paid if there is a sale Now a really awesome thing about amazon is that lets say you send someone to buy a TV but they decide to buy something else like, I don't know, a blu-ray player or a nice TV stand, a nice surround sound system You'll get commission on all of those products as well – not just the TV So this is really really cool on amazon and have seen sometimes have referred people to buy a book for 10$ which will earn me a commission of a dollar or less but that person ends up buying so many things that the commission ends up being 30$, 40$, 50$ for one single book sale Well isn't really just a "book sale" they bought a bunch of other stuff but it's really cool that amazon also credits you all the other commissions for all the other sales Another thing I should mention that this is available pretty much anywhere in the world because you will be making sales online so if you live in Germany or Nigeria or Japan or US or Canada, any country really, you could sign up as an affiliate to amazon Now I have a few different affiliate accounts through amazon

I have one on amazoncom on amazonca, on amazoncouk

Whole bunch of different ones And they work there's a little bit of a difference between them but in the end it's very very similar Now when you make those commissions amazon will pay you by either check, direct deposit or gift card on amazon itself depending what you choose however if you're selling on Amazon platform that's not in your country you will not have a choice of a direct deposit will have to pay you by check which is totally fine

Since I'm in Canada amazonca they sent me a direct deposit to my bank but amazoncom they are only able to send me checks through mail because they can't do a direct deposit to a different country But most of the affiliate programs that you find online will either pay you by check, direct deposit, sometimes even Paypal depending on the company So you deal directly with those companies and they pay you whenever you make those commissions

How does amazon know or other affiliate programs that you have made a sale? Whenever you want to promote something amazon will supply you with your own link This link belongs only to you so they know that the sale came from you and not some other affiliate or some other person or simply from google search They know that this is your sale and they know that you should be the one receiving the commission for that sale So that's not something you should be worrying about they are really really honest about it, they dont trick people because they want to keep the customers happy and they want to keep their affiliates happy so the affiliates keep producing more and more results more and more sales The next question would be how do you exactly find those buyers who will buy through your links and will make you those commissions

There are different ways to make those promotions You could promote products through social networks: for instance if you have a really popular Instagram account and you can start trying to promote the products on that Instagram account Or you have a Youtube channel maybe so you could put those links, the affiliate links, in the description of your video or mention them in the video and have people buy through that However the most profitable strategy of making an affiliate income for me has been building niche websites A niche website means it's a website that is targeted to a very specific group of people and that sells a very specific group of products or one single product

Because it wouldn't make sense that you have a website that talks about dogs and dog training and dog products and then you try to sell a TV on that website it just wouldn't make any sense and it would be really really hard to make this website popular or turn it into an authority of some kind So you need to select a group of products that you will be working with and build a website around those products Now this is something that was a lot more complicated when i was starting 2007-2008 but now it's incredibly easy to setup a website, even if you don't know how to do that I have a video on this very channel and I'll link to it right here or right here where I show you how to set up a website within a minute or so

It's really really easy to set up websites that look good, that are fast and that feel good However, you need to know that this is not an overnight success, this is not something that is super easy to do It takes work, it takes effort, it takes time The main way of getting this website popular, getting ranking on Google and other search engines it's creating a lot of great content Content that people will enjoy reading and in return Google will rank it well enough because it's good content

So you have to get ready to work for it this is not once again a get-rich-quick scheme Affiliate marketing is a very serious and a very very profitable business but it's not a get-rich-quick scheme This is a business that takes a long time to build and you have to be very serious about it I've seen my very first commissions within two weeks of starting my very first website but I would say that that was kind of an exception because most people that I speak to they take several months some people take up to a year and very few take even longer than a year to start earning commissions from affiliate marketing So this is something that you should definitely keep in mind and if you don't make your first commissions within a month or two that's not a sign that you should give up

That's a sign that you should work harder, you should put in more time and more effort The cool thing is that if your website isn't making any sales and you've been at it for six months or maybe a full year, once it picks up all your other articles will start ranking better, will start attracting more visitors to your website and you will be making a lot more sales So those people that I mentioned who took a year or maybe even two years to start making money for them, once they started it snowballed really really fast and they were able to make a full time living within a few months After of course waiting and working hard for a year or more In my example I started very slow and it was going up very slowly so it took a lot of time to get to a good point

In the end it takes just as much time to get to an interesting income Income that could support your life actually, so you don't have to get a job or you don't need any other kind of income It takes awhile, it takes I would say 6 months at the very least probably a year or more So don't give up if you started affiliate marketing: get more work done, get more content written and produced for your websites, maybe do some social media marketing, maybe start doing some youtube videos and some reviews of the products you are trying to promote and it is going to build up into a full-blown business Once again it's not an overnight success, it will take a little while to do that so that's something you should know if you want to make money by tomorrow affiliate marketing is not for you and he shouldn't be looking into it Alright, thank you for watching this video! If you have any questions about affiliate marketing please do submit them in the comments below i'll try to answer the questions as best I can If you like this kind of video or if you have requests about any other kind of videos or you have any questions about anything really online marketing related ask the questions in the comment box below and I'll try to make those videos for you and I'll put them up on this channel If you like this kind of content and if you would like to follow me a little bit more closely

If you'd like to hear more strategies for making money online, more strategies on making money with affiliate marketing, please do subscribe to this channel and I will be able to get this content to you easier and faster Thank you so much for watching

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