What Is Affiliate Marketing And How Does It Work (2023) Step-by-Step Guide

 What Is Affiliate Marketing

affiliate marketing is one of the best ways to make money online. Instead of creating your own product getting with your own customers, you can sell other people's products and services and make money. But how do you get started? How can you start seeing results fast? Hey, everyone, I'm ....... And today I'm going to share with you the easiest way to get started with affiliate marketing.


Before we get started, make sure you subscribe to this channel. And if you're on YouTube, click the alert notification that will release more videos like this, you'll get notified. Step one, define your traffic source. What are you good at? In other words, are you good at Seo? Are you good at paid ads? Are you better at JBS, which is joint ventures if you're not familiar with in other words, that's another form of partnerships, what version of marketing Are you good at, because based on that, that's going to vary how you do affiliate marketing. For example, if you SEO, you got to pick one niche. If you do joint ventures and partnerships, again, you got to do one niche and focus all your energy there. If you do paid ads, you can do any niche out there, as long as the pellets are high enough, because you got to buy that traffic. Once you figure that out, that'll help you with step two. The second step defining your target audience, what is the niche you want to work in? Now most people are like, I want to be in the niche that pays me the most money, you don't do well as affiliate marketer in that. 

Why because after a while you give up you hate what you're doing, you're just like, I don't want to spend a ton of time and energy doing this. You want to focus your efforts on what you love. Because what you love is what you're going to create better content on better marketing campaigns, better ad traffic, you'll get more creative, you'll be the expert, you'll also notice that you make a huge increase in revenue. When you do something you know, versus something you have to learn from scratch. Because we don't know industry, you don't understand a niche, you're gonna make a lot of mistakes, waste a lot of time and lose money compared to focusing on something that you know, now that you've done that the next step for you is to find products that are a good fit for your audience. Now, most people do this by just googling. That's a really inefficient way. There's actually affiliate sites out there that showcase products. And the products they showcase are the ones that tend to be the best performance not only for the publisher, but also the advertiser. 

So by looking at these affiliate sites, you'll know what tends to work because their top offers tend to be the ones that make the most money. Now some of these sites are jvzoo cJ affiliate overvolt, click to sell, commission suit, share, sell, and flex offers, checking on those sites will give you a good understanding of what works and what doesn't work in your space, I would recommend going after the products that are popular on these sites, because that means affiliates are making a lot of money. If you pick the products that aren't that popular on those sites, that usually means affiliates aren't willing to promote them because they don't generate them enough income. Next up, you need to build your funnel. So let's say you have SEO going right and you have this traffic starts with content, then you want to collect an email, and you can collect an email through Hello bar any tool out there, you want to create a lead magnet, you can't just use these tools, you got to actually have an offer. So email in exchange for ebook. Then once you have their email, drive them to a webinar, that webinar allows you to sell that product or service to those people. 

You can also draw the people who don't convert in the webinar, follow up through an email sequence and sell them through tax base. Combining a webinar through text based sequences, you should start getting sales from your SEO traffic. Now let's say you're leveraging paid ads, it's hard to convert through a straight sell. So what you want to do is first create a landing page that educates and really provides a ton of value. But that landing page, normally providing value, you're talking about the product and there and then you're driving people to that product page where they can buy. Ideally, you should have some testimonials and case studies within that educational piece of content. If you don't, you'll find that you won't generate as many sales. Now you could also do another thing in which for all the people that don't convert are about to exit, collect their email. Again, you can use tools like hellobar have a lead magnet offer free ebook or anything like that, drive them in through a webinar sequence. And also you can follow with them through email again, and convert them on products and services. That way the paid traffic that's leaving and not converting right then and there. You can still get them to convert over the next two or three weeks. 

Now, if you're monetizing through jayvees and partnerships, the best way to convert is to co hosted webinars, get other people who are influencers in your space along with you being on a webinar, selling a product or a service converts extremely well. The easiest way through jayvees and partnerships is just focus all your efforts on the webinars. Now the last tip I have for you is increase the lifetime value. Most affiliates, they drive conversions, they collect their money and they're like Whoo, that's it. Well, you already have that list once you continue selling to those people campaign after campaign once you continue adding value to them, and not always selling Then that way, when you have the next product to sell, they're more likely to buy because you've helped them out. If you just sell to him every single week, eventually they're going to drop off your list. 

But if you help them out majority of the time and then sell to them 1/10 of the time, they're much more likely to convert. And the other thing that I would recommend is add upsells and downsells. Once you buy one product upon Checkout, why can't there be upsells and down sells the easy way to generate more revenue. If the website that you're pushing doesn't have upsells and down cells, forced them to have it or let them buy from your website, that product or service that other people are fulfilling, and then adding your own upsells and downsells it's a great way for you to make more money. Now if you need more traffic to your affiliate site, you can always check out my ad agency Neil Patel digital and if you enjoyed this video, like it, share it with others who have a question, leave a comment below. I'll answer it. Thank you for watching. 

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