How To Construct A Worthwhile On-line Enterprise By Not Promoting Anyfactor

Imagine a company that has no fulfillment, delivery, or customer support and can sell for 25 times its monthly net income. Now imagine that this business also has a constant margin of 30 percent and could be run without a full-time employee.

Related: How I earn a full-time income in my spare time – and how you can too

Sounds too good to be true, doesn’t it? Well it isn’t.

It is called affiliate marketing and is a business model that is permeated with freedom of time and place, effect and profit. It’s also the first company my wife Jill and I started together in 2012.

You know, Jill had a social media management service back then and my business (which felt like a job) came to an abrupt end. We researched potential business models (hello, selling physical products, online courses, services to you, coaching, advice – whatever) and we ended up with this little thing called affiliate marketing.

If you’ve never heard of it, don’t sweat. Because when I’m done you will have a three step strategy that will allow you to build an extremely profitable business … by not selling anything.

Sounds good? Big. Let’s dive in!

What is affiliate marketing anyway?

Put simply, it is broken down into three simple steps:

1. A visitor comes to your website.
2. Use outbound affiliate links to recommend relevant tools, products, or services in your content.
3. When the visitor clicks on one of these links and makes a purchase, you will receive a commission.

Basically, you are the “link” between your audience and a product developer or service provider that you have either used, liked, or believed in. What’s even better is that the commissions can be anywhere from 4 percent (like Amazon’s affiliate program) to 75 percent (through the sale of digital products over Clickbank) depending on the industry and offer.

Not too shabby!

So how do you start? First, you need to find and sign up for an affiliate program. Now, it is very possible for a single merchant to have their own internal program, but the easiest way is to join relevant affiliate networks.

Not sure where to start? Here is a list of 10 affiliate networks You can register today. But what do you do when you have registered?

Related: 4 Marketing Strategies Any Startup Can Afford

Strategy 1: Product Reviews

Good news: Creating a compelling product review is pretty easy.

Why?

Because there are millions of people out there looking for honest reviews of the products they want to buy. Think about it: have you ever Googled a product that you wanted to buy to see what others were saying?

This is where your product rating comes into play. If you can produce a high quality objective review (and understand the basics of search engine optimization), you can rank on page one of Google – this is how you can earn commissions from a single post.

(Hot Tip: It’s always best to use the product so you can speak honestly about it.)

Related: 8 Ways To Make Money While You Sleep

Strategy 2: Strategic Partnerships

Fun fact: Loud Statista, e-commerce sales are expected to reach nearly $ 5 trillion worldwide by 2021.

Five. Trillion. Dollar. Let that take effect for a second.

Since there is no shortage of new industries or products to hit the market, why not partner with companies that align with and promote your values? One way to achieve this is to build strategic partnerships with existing course developers in our field.

And there is the global e-learning market expected to reach $ 331 billion There are a lot of opportunities to work together by 2025. Are you wondering how it works? Here is an example from our store. There is one entrepreneur in our space who created one of the best courses online on how to use webinars to grow your business. Since we have no plans to create courses on this topic, we contacted her to see if we could send her leads for her course.

When we got the green light, we wrote a blog post sending qualified leads to their webinar about creating webinars. I know, so meta. From there we make a commission when someone purchases for their webinar course on this webinar.

* fist pump *

Not selling courses? No problem! You can build strategic partnerships with service providers, software developers or consultants. It just takes a little courage to show yourself.

Related: 4 Ways You Can Get The Traffic You Want To Your Affiliate Site

Strategy 3: product launches

Confession: This strategy depends on your industry.

Why?

Because there are really only a few industries that go to market to sell their products and programs. Some of them include:

• health and fitness
• Companies
• Finance and commerce
• Love and relationships

You probably already know if your industry is using this strategy, and if so, there is a great opportunity now that you can take advantage of it. There’s a lot of it in business, but one that appears to be taking over all of the internet for two weeks in February. Registration opens for $ 2,000 each year and affiliates earn at least $ 1,000 per referral.

To give you an idea of ​​how much money As you can do, we’ve heard that some of the top affiliates on this program make nearly $ 1 million each year.

Serious.

Would you like to take part in this promotion? Do some research in your industry to see if there are influencers or experts who not only carry out product launches, but also have an affiliate program.

While not every company will be able to use all three of these strategies, decide which is best for your industry and start building affiliate revenue today.