Affiliate Marketing is a type of performance-based marketing where a business rewards one or more affiliate (e.g. associate, partner, colleague) for each visitor or customer brought by the affiliate’s own marketing efforts. In other words, Affiliate Marketing is when you sell other people’s products for commission.
Affiliate Marketing can be quite lucrative as long as you are prepared to put in the time and effort to promote the products. Setting up a solid affiliate program can open up a revenue source without much of the hassle usually associated with setting up new marketing initiatives. It is a good way to make money while at the same time developing your own products, your own brand and setting up your own online business.
When entering the Affiliate Marketing world, make sure to work in a very popular and lucrative niche in order to make Affiliate Marketing work for your business.
Affiliate Marketing, however, is more than setting up a site, choosing an affiliate to associate with and then just letting it run its course.
Affiliate Marketing – Easy Money?
While Affiliate Marketing can be incredibly lucrative, it is important to know that it is not a way to get rich quick for the person who is just starting out. It is not easy money. It relies on numerous factors including:
- traffic (high traffic helps a lot)
- converting that traffic into buyers
- finding relevant products
- finding quality products
- building trust with your readers
- having a readership who is in a ‘buying mood’
- you being able to write good sales copy (and more)
Affiliate Marketing also relies on fostering relationships by:
- Bringing the right partners into your program
- Seeking out better and more efficient partnerships
- Updating your content regularly to keep things new and fresh
Advertising expenses can be as much or as little as you are prepared to pay. If you pick good, solid products with a good track record and promote them well, you could earn a very good income, anywhere between a few hundred to several thousand dollars a month.
Now that I have introduced you to the concept of Affiliate Marketing, let me introduce you to a business where you can become an affiliate or licensee that has the potential to make you consistent ongoing commissions.
My Top Tier Business (MTTB) is a marketing and training system created by Matt Lloyd, CEO of My Online Business Education (MOBE).
MTTB is a solid and proven product with a good track record that has made people hundreds of thousands of dollars.