So I've been doing affiliate marketing ever since I lost my job in the pandemic, and I've made thousands and thousands of dollars in the past three years. This side hustle that I tried out has officially replaced my nine to five and is currently making me six figures per year, allowing me to live life on my own terms, travel whenever I feel like it, and put my loved ones in a better position. So in today's video, I'm going to break down exactly how I did it, how you can dummy-proof your way to success with this business model, and I'm also going to be getting into all of the rookie mistakes I made along my journey that you're probably making right now. So go ahead and grab a pen and paper, iPad, or whatever you can use to take notes. Because by the end of this video, you will have everything you need to be able to go off and set up a successful affiliate marketing business.
To break it down, there are five key phases to see in successful affiliate marketing. One is determining a niche. Two is joining affiliate programs. Three is setting up your funnel. Four is running traffic. And five is scaling. So let's begin with the first phase, which is determining your Niche or niche as some would like to call it. This is where you determine what Market you're going to be getting into. So for example, this could be pet architecture gardening, you get the gist. Picking a good Niche is important because if you pick one that's oversaturated, it'll make it harder for you to break into it as a newbie. And if it's undersaturated, it means that there's not enough interest, so there's barely any money in it. Your Niche needs to tick all of the following boxes. It needs to be of personal interest, so you'll ideally need to have some interest and some level of knowledge in this specific Niche. It needs to have a large enough consumer base, so you need to have enough people who are actually interested in this specific Niche. It needs to have long-term sustainability, this means that you're not picking a niche because it's trending because as we all know Trends come and go.
From here, once you've found your Niche that ticks the boxes, you can move into the next phase which is joining affiliate programs. So here you need to join reputable affiliate programs and pick high-quality products that are relevant to your Niche. What most people typically do is go straight for Amazon or ClickBank when they first start out with affiliate marketing, but what they don't realize is that Amazon has crazy low commission percentages. I'm talking like one to ten percent, which means that you have to either make a huge amount of commissions or you have to promote super expensive products to actually make a living out of it. And to be very honest, ClickBank products are mostly really low quality and very gimmicky.
Email marketing is beneficial because it allows you to directly reach your audience, build relationships, and also generate those back-end sales, which is something you don't want to miss out on. It genuinely pains me to think about how many thousands of dollars I missed out on from campaigns that I ran with no funnels when I first started out with affiliate marketing. So don't be like me, make sure that you don't skip this step. To give you a quick rundown of how this works, first obviously like I said, you would capture the emails.
This is where you decide how you're going to get your affiliate Link in front of the right people in the right way. You can opt for a free method where you would typically post content consistently on places such as social media, blogs, YouTube, or you can do paid methods such as ads or influencer marketing. The main thing that you'll need to consider before you decide is where most of your target audience would be on the internet.
By the time you've made your first thousand dollars of affiliate marketing, you should already start considering what your end goal will be. Like I said earlier, this business model really opens up a world of opportunities in the long run because you walk out of it with knowledge on marketing, content creation, branding, sales closing, and all of these are high-income skills that you can make use of for your own business or you could even sell it as a service to others for a lot of money. Remember that any affiliate program can suddenly change the commission rates or ban you, or they could even go bankrupt.
And my final point is that you should go into this with the right mindset. I know a lot of people don't really like to hear the mindset stuff, so that's why I saved it for last, but it's super important because this is what will make the difference between you making five, six, or seven figures with affiliate marketing. For one, believe in your achieve it sounds cliche, but you're literally following a proven business model. Find the right mentor and follow the formula. It's that simple. Stop being doubtful if you don't see sales right away.
Q: How did you build a six-figure income with affiliate marketing?
A: To build a six-figure income with affiliate marketing, the individual shared their journey of trying out affiliate marketing after losing their job in the pandemic. They mentioned making thousands of dollars in the past three years, replacing their nine-to-five job, and currently making six figures per year. They emphasized the importance of learning from rookie mistakes, finding the right niche, joining affiliate programs, setting up funnels, running traffic, and scaling the business.
Q: What is the first phase for successful affiliate marketing?
A: The first phase of successful affiliate marketing is determining a niche. It is crucial to pick a niche that aligns with personal interest, has a large enough consumer base, and offers long-term sustainability. Choosing the right niche sets the foundation for a successful affiliate marketing business.
Q: How do you select high-quality products when joining affiliate programs?
A: When joining affiliate programs, it is important to select high-quality products that are relevant to your niche. Avoid solely focusing on platforms such as Amazon or ClickBank, as they may offer low commission percentages or low-quality products. Instead, opt for reputable affiliate programs with quality products that resonate with your audience.
Q: What is the significance of funnels in email marketing for affiliate success?
A: Funnels play a crucial role in email marketing for affiliate success by allowing direct communication with the audience, building relationships, and generating back-end sales. Not utilizing funnels in email marketing can result in missed opportunities for maximizing affiliate commissions and creating a loyal customer base.
Q: What are the free and paid methods for running traffic in affiliate marketing?
A: Running traffic in affiliate marketing can be done through free methods such as posting consistent content on social media, blogs, and YouTube, or through paid methods like ads or influencer marketing. It is essential to consider where the target audience is most active online before deciding on the traffic strategy.
Q: How do you scale an affiliate marketing business for long-term success?
A: Scaling an affiliate marketing business for long-term success involves planning for the future and diversifying income streams. As the business grows, considerations for branding, content creation, marketing skills, and potential changes in affiliate programs should be taken into account. Scaling effectively can lead to sustained success in the affiliate marketing industry.
Q: What mindset is required for long-term success in affiliate marketing?
A: Having the right mindset is crucial for long-term success in affiliate marketing. Believing in the business model, finding the right mentor, following a proven formula, and staying persistent are key components of a successful mindset in affiliate marketing. Overcoming doubts, focusing on achieving goals, and consistently learning and adapting are essential for achieving higher income levels in affiliate marketing.