Affiliate marketing is an “evergreen” way of making money online.
The great thing about affiliate marketing is that you don’t have to worry about
things such as product creation or buying into products.
There doesn’t have to be an investment when you become an affiliate marketer, you
simply sign up to get your affiliate link from the product vendor and away you go.
You might choose to invest money in promoting your links, which is highly
recommended of course, but that’s totally optional.
How much is it possible to earn as an affiliate marketer?
Affiliate commissions can be anywhere between 1% and 100% of the purchase price.
You tend to find that physical products pay lower percentage commissions whilst
digital products such as eBooks and courses will pay a higher commission.
This is simply because the digital vendor has very little costs involved to run their
business and thus they can afford to be more generous with their commissions.
In addition digital vendors tend to have other products inside a sales funnel, which
will often be of much higher value.
They might offer you 100% commissions on the “front-end” product, for example –
but that might only sell for $5, whereas their “back-end” product might sell for $97.
In this case they might only offer you 25% commission on the back-end product or
even non at all.
They are basically using the front-end product to attract as many people into their
sales funnel as possible – and offering 100% commission to affiliates is a key way
of helping them do that.
Now we’ve got that over with it’s time to introduce you to some of the main affiliate
programs and discuss some of the benefits and drawbacks of each.
That’s what we’ll be discussing in lesson 3, so keep your eyes open for my next