Can you make money with affiliate marketing? The business model has definitely become ubiquitous over the past decade. Technically, anyone could start it with little preparation at no cost. But you know the rule - you don't generate revenue by selling what everyone else is selling, using the same selling technique everyone else uses. It's hard to find your own affiliate marketing style that's irresistible to people. To find something that makes people think it's worth investing money in.
So it's no surprise that those who don't have enough time to put in all the effort drop out easily. And it's a shame that they're often disillusioned by the whole concept of making money by promoting other people's products.
If you are competent enough to work systematically, you know you'll be able to outperform others and, yes, you can make money with affiliate marketing.
Do You Need To Be Determined?
This may sound like an obvious question but yes, just like any other business, your determination to make it a success will play a big part. And unless you are a naturally very self-motivated person, it's important to be determined right from the start. Because the fact that affiliate marketing is so easy to start can actually prevent you from learning seriously.
You decide what you want to promote, sign up with the affiliate program, and when your application is approved (which usually won't take more than a couple of days), you are already an affiliate marketer at that point. But that's the easiest part. Your affiliate link should be;
- Promoted by email - You'll need to build a list of subscribers first.
- Placed on your website - You'll need to build one and learn to drive traffic.
- Placed on your YouTube platform - Create your YouTube channel and learn to drive traffic!
Other methods include the use of paid advertisements and also the use of some social groups for your niche.
You are likely to be working alone from home, so you may need something to keep you motivated, a mentor or an affiliate marketing community.
You Are Not Selling
You may have heard this before. As an affiliate marketer, your primary focus should not be on "selling" but to focus on helping others. Because you're not a seller. You're not contracted with any seller as a sales representative, and you have zero obligation to sell third-party products. You'll certainly be rewarded by a seller if you successfully get someone to purchase their product through your affiliate link. But your affiliate agreement should state that you mustn't appear as if you are a part of the selling team. As a third-party affiliate, you should be making your position clear that you are only there to help other users by recommending products.
All the products and services in the world are created and sold to solve problems, right? Like, food to stop hunger. And people continuously innovate to provide us extra comforts...like a gourmet food range, automatic parking system, or AI-generated chatbot for cost-saving and accuracy at the same time.
This is more so with affiliate marketing. We're not sellers, we are in fact at the opposite end, i.e. users. We need to help fellow users by giving advice and telling them about our experience with the products. That will help sellers sell, and your affiliate commission only comes in as a result of that.
Forget About The Money
If you do something just for money, you'll unlikely to see positive results. People pay in exchange for a product or service when they feel the price is fair. If your mindset is simply about transferring money from someone else's wallet to yours, no healthy trading relationship will exist... Universe doesn't allow it, to put it spiritually!
Our own happiness and success are primarily dependent on giving and, only unselfish mindset can see what others really need. When you're able to genuinely help, that's when the money starts to come in.
You Have To Love What You Do
You won't go very far by doing something that you don't like just for the money. Although money can motivate you and you might see a short-term success if you're lucky, it's generally unlikely and it's definitely not sustainable.
Choosing a niche is very important with affiliate marketing to start with. You should be prepared to learn about the niche inside out. This means the niche should be something you love, something you're passionate enough to spend money yourself for and willing to research and hear other people's opinions by reading user reviews & comments continuously. Because people buy your absolute confidence in your niche, and the only genuine factor to gain confidence comes from your passion!
Be Yourself And Believe In Yourself
You don't have to try to be perfect to gain the trust of others. You certainly shouldn't try to be someone else rather than you. People see through you if you pretend. The only way to stay unique is to be yourself and be sincere. There are so many others, but you are the only one (stating the obvious!)
And more importantly, believe in yourself - if you don't believe in what you are or what you do, you will never believe in your income!
On the other hand, some successful affiliate marketers choose to go incognito and promote every product under the sun day-in, day-out. Everything that they promote is rated 5-stars, so new users are tricked into buying it. If anything goes wrong and it causes a bad reputation, nobody knows who really they are. (They use a fake name and a stock photo) So all they do is disappear and come back using a different profile.
Personally, I could never do that for the money. I think it'd be rather stressful and unfulfilling. But there are people who make money with affiliate marketing that way... I'm just saying.
Negative Product Reviews
Producing negative product reviews has been criticised as a deceptive affiliate marketing method in the past, but it has become pretty popular now. The idea is to raise a negative opinion toward products in your affiliate niche and recommend your own affiliate product instead. The method itself is not "deceptive" but it's been criticised because;
- Some reviewers criticise every product one after another, to stop users from buying any of them, just to get them to buy their affiliate product instead.
- User reviews can always be subjective. Some reviewers fail to be fair and unbiased, for example, criticising the price without mentioning the value for money. ("$200 is far too expensive! I would recommend my affiliate product because it's only $50.")
Helping others means that if you wouldn't buy a product, you tell your readers so, and tell them why. That's fair enough, but whether your opinion is unbiased or not decides whether you'll gain your trust or not.
I wouldn't like to write negative reviews on my blog sites over & over again though. If I'm convinced that a product is an outright scam, then I'd like to warn others. But otherwise, even inferior products should have some good points. If you believe in the Law of Attraction and Positive Thinking, you should always find positives in negative elements.
"Passive Income" - Don't Be Fooled
A lot of experts often casually describe affiliate marketing as a passive income source, but that's not always the case. You'll only receive true passive income for a while if you've sold a membership fee - so long as your referral keeps paying a recurring charge (monthly or yearly), you'll keep receiving a percentage of the charge as a commission.
Otherwise... No, you'll have to keep working on publishing content (web posts, video clips) or spending money on traffic, and keep monitoring the performance to keep your affiliate commission revenue rolling.
So don't be tempted by silly phrases like;
- "Earn while you're asleep"
- "All-Done-For-You system".
When all is done for you, you won't be able to produce anything creative of your own. It means nobody will see anything valuable to pay money for, hence you really won't make money from it!
Never Stop Learning
No matter how successful you may become in the future, digital marketing trends will keep changing. It's essential to keep yourself updated with the latest technique - for example, SEO if blogging, and copywriting if you're doing email marketing.
Can You Make Money With Affiliate Marketing?
Yes you definitely can, as long as you maintain your mindset genuinely to help others, and take the right steps to learn. In this way, you won't have to find money but money will find you.