With the fast-moving pace, we are experiencing today in 2023 where internet technology has advanced to levels beyond what one could ever imagine. Is it possible to make money from affiliate marketing this is a question that has been discussed for many years on social media and in forums globally. In this digital age, we are blessed to have at our fingertips the possibilities are endless for any individual with an open mind with a burning desire to succeed.
With the intelligent use of AI (artificial intelligence) and cutting-edge technology in the affiliate marketing industry, even an individual with little education and little or no experience can create an income online be it a second income or a full-time income.
In this post, I would like to explain step-by-step how affiliate marketing works the pros and cons, and the honest truth behind affiliate marketing. I plan to provide an explanation of why some people fail and quit while others enjoy an amazing lifestyle for their loved ones. I plan to also include an FAQ section so fasten your seat belt and let’s get started.
How Does Affiliate Marketing Work?
It’s a simple equation Imagine you are a boat broker or an estate agent selling property for the owner of the property. They don’t own the property they show potential clients the product on behalf of the owner of the property and make a commission. They are NOT given the clients they have to create them by some form of advertising. They usually have a website to create leads and get traffic to that website using strategies like paid advertising on Google/ Facebook or YouTube.
The other form of advertising used is the implementation of SEO strategies (search engine optimization) to create free traffic to a website this form of traffic would be described as organic traffic. Affiliate marketing works in pretty much the same way but the difference being they don’t have to meet up with potential clients the company provides a unique link that is tracked and the affiliate earns a commission.
I should point out that at this stage although they don’t physically meet up with clients they do have to create potential users making use of similar methods as described above. If you have questions in this regard, please make use of the comment section below where I am more than happy to help you out.
Affiliate marketing is a highly skilled profession that in many cases overlooked because of how easy it is to get started. Inexperienced affiliates often make the big mistake of directly linking to the product by sharing the link on social media like Facebook. It might interest you to learn that before a person makes a buying decision there is a cycle that the user goes through which is described as the “buyer journey” which can consist of several clicks on a link before a user purchases the product or service. Take into consideration that the number of clicks can vary depending on the product or service.
We Call it From Pain to Gain
- The pain is when the user has a problem Initially they are looking for a solution they will in most cases research different options and how different options suit best for the user.
- The user has a list of options to consider the finer details.
- This is where the user gathers enough information about a product in order to make a buyer decision.
- The next stage is to compare prices for the product or service.
- The user then considers returns what guarantee customer service etc
This is a basic outline that can vary as mentioned above depending on the product or service. it is important to understand that not every user follows the exact same journey as pointed out above. Some people buy right away but that is quite rare.
The downside of that equation for the affiliate is a company for example like Amazon that provides a unique link called a cookie that only lasts for 24 hours. So if the user does NOT buy the product the first time around the affiliate loses the sale. This is why the most successful affiliates have websites and implement for example email marketing sometimes described as list-building.
What is list-building/Email Marketing?
To elaborate on that affiliates use the strategy of list-building where people subscribe to their email list. This in turn provides the opportunity to share their unique link several times and take them through the buyer’s journey as described above. I could elaborate much more so if you have questions please make full use of the comment section below where I would be more than happy to help you out.
Why Do So Many Affiliates Fail and Quit?
The failure rate in this industry for affiliate marketers is a massive 95 percent are the latest figures as I am writing this post in 2023. I am not going to sugarcoat it The competition is fierce because of the low start-up costs almost anybody can become an affiliate with just a few clicks of a mouse. The upfront costs to get started are minuscule in comparison with other business ventures in fact you can get started FREE plus training if you use this link. This training will get your website up and running in less than 5 minutes but that is only the start of this very exciting journey.
How To Build a Positive Mental Attitude.
Just like any business venture, everybody will experience roadblocks at some point in their lives with no exceptions in every walk of life. You have to accept that failure is part of success you will learn more by failing than you will by succeeding (although it may not feel like that in the moment). Spending time studying motivational books is essential. Personally, I spend at least an hour daily studying successful people in the in related fields. If you like me to share my favorite books that have really motivated me then please comment in the section below.
Frequently Asked Questions
- Is Affiliate marketing suitable for beginners? Absolutely this is how most people start
- How do I choose what products to promote? There is full cutting-edge training provided with the intelligent use of AI (Artificial intelligence) check it out here.
- How do I promote affiliate products effectively? The most successful affiliates use strategies like SEO (search engine optimization) social media /email marketing/ AI artificial intelligence) and much more.
- How long does it take to create a substantial income? This really depends on a person’s individual effort but it does take time to build a second or a full-time passive income.
In Summary
Thank you for taking time out of your busy day to explore the affiliate marketing opportunities. I hope I have answered the question “Is it Possible To Make Money From Affiliate Marketing” and hope you enjoyed reading it as much as I enjoyed creating it. Although most people are going through tough times with inflation rising at record levels plus the cost of living crises you don’t have to be one of them. Over the last few years with modern cutting-edge technology success in this field has created an abundance of millionaires and you could be one of them with the right mental attitude.
Disclaimer
If you click on any of the links in this post as an affiliate I do make a small commission. Are you ready to build an online business and take advantage of AI? Then Empower yourself with top-tier training, cutting-edge technology, AI tools, and a vibrant community to turn your online business dream into reality. Unlock your potential here today
I wish you all the success in the world
Kindest Regards
Alan 