What Is Affiliate Marketing & How to Start Making Money (BEGINNER FRIENDLY)
Published on: December 9 2022 by Buildapreneur
What Is Affiliate Marketing & How to Start Making Money (BEGINNER FRIENDLY)
What Is Affiliate Marketing & How to Start Making Money (BEGINNER FRIENDLY)
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00:00:00 | 00:00:03 | six years ago i didn't even know what |
00:00:01 | 00:00:06 | affiliate marketing was but if you fast |
00:00:03 | 00:00:08 | forward today it's all i do every single |
00:00:06 | 00:00:10 | day and i'm able to make five times as |
00:00:08 | 00:00:11 | much as i did before with half as much |
00:00:10 | 00:00:13 | work but what exactly is affiliate |
00:00:11 | 00:00:15 | marketing and is it really possible to |
00:00:13 | 00:00:16 | make a full-time income with something |
00:00:15 | 00:00:18 | like this this video is going to dive in |
00:00:16 | 00:00:20 | and show you exactly what it is and |
00:00:18 | 00:00:22 | we're going to go look at the most |
00:00:20 | 00:00:24 | common ways that affiliate marketers are |
00:00:22 | 00:00:25 | making full-time incomes using this |
00:00:24 | 00:00:27 | method but most importantly we're going |
00:00:25 | 00:00:29 | to show you how you the viewer can get |
00:00:27 | 00:00:30 | started with something like this first |
00:00:29 | 00:00:33 | let's tok about what exactly affiliate |
00:00:30 | 00:00:33 | marketing is |
00:00:34 | 00:00:38 | now by and far the most common way that |
00:00:37 | 00:00:40 | people do affiliate marketing is they |
00:00:38 | 00:00:42 | build up audiences online and then they |
00:00:40 | 00:00:44 | sell them a product what i mean by that |
00:00:42 | 00:00:46 | is they go build up an audience on a |
00:00:44 | 00:00:48 | place like facebook or youtube or |
00:00:46 | 00:00:50 | instagram or tiktok they build up a |
00:00:48 | 00:00:53 | bunch of followers then they go promote |
00:00:50 | 00:00:55 | another company's product to those |
00:00:53 | 00:00:57 | followers now the way that an affiliate |
00:00:55 | 00:00:58 | marketer gets paid is they signed up to |
00:00:57 | 00:01:01 | be an affiliate of that company that |
00:00:58 | 00:01:04 | company in return gives them a special |
00:01:01 | 00:01:05 | link that is only theirs for example you |
00:01:04 | 00:01:07 | can see on the screen here an affiliate |
00:01:05 | 00:01:09 | for any of the products that i sell |
00:01:07 | 00:01:11 | would have a link that looks just like |
00:01:09 | 00:01:13 | this now it's important to note at the |
00:01:11 | 00:01:16 | end you can see it's got a referral |
00:01:13 | 00:01:18 | equals spencer 68. that's the part |
00:01:16 | 00:01:21 | that's unique to the affiliate so |
00:01:18 | 00:01:23 | anybody that clicks this link and then |
00:01:21 | 00:01:25 | buys a product on that site will now |
00:01:23 | 00:01:28 | result in me getting commissions because |
00:01:25 | 00:01:29 | this is my unique affiliate link now i'm |
00:01:28 | 00:01:31 | going to tell you about something even a |
00:01:29 | 00:01:32 | little bit cooler probably a vast |
00:01:31 | 00:01:34 | majority of affiliate marketers out |
00:01:32 | 00:01:36 | there don't even understand how this |
00:01:34 | 00:01:38 | works if someone goes and clicks your |
00:01:36 | 00:01:39 | link they head over to the website but |
00:01:38 | 00:01:40 | then they get distracted right as people |
00:01:39 | 00:01:42 | do and they go somewhere else and then a |
00:01:40 | 00:01:44 | few days later they're like oh i forgot |
00:01:42 | 00:01:46 | to buy this so they go back to the |
00:01:44 | 00:01:47 | website every single time this is where |
00:01:46 | 00:01:49 | cookies come into play so when someone |
00:01:47 | 00:01:50 | clicks a link like what we're seeing on |
00:01:49 | 00:01:53 | the screen right here the website that |
00:01:50 | 00:01:54 | they go to is actually going to save |
00:01:53 | 00:01:56 | information |
00:01:54 | 00:01:58 | on their computer now i'm sure privacy |
00:01:56 | 00:02:01 | advocates don't love that idea what this |
00:01:58 | 00:02:06 | information does is allows the company |
00:02:01 | 00:02:08 | to know 30 60 90 or even 120 days later |
00:02:06 | 00:02:10 | where that referral came from found it |
00:02:08 | 00:02:12 | for example if you go into the files in |
00:02:10 | 00:02:14 | my chrome browser right now you'll see |
00:02:12 | 00:02:17 | one of the files right here called under |
00:02:14 | 00:02:20 | dash hstc but if you look in there one |
00:02:17 | 00:02:23 | of the sub files there actually has r |
00:02:20 | 00:02:25 | under dash spencer 68 right that same |
00:02:23 | 00:02:27 | code that we just saw here a few seconds |
00:02:25 | 00:02:29 | ago so when someone clicks that link it |
00:02:27 | 00:02:31 | actually saves just a tiny file on their |
00:02:29 | 00:02:33 | computer so that they now know the |
00:02:31 | 00:02:36 | company now knows this person was |
00:02:33 | 00:02:37 | referred by spencer 68 which is me i'm |
00:02:36 | 00:02:39 | now going to get paid even though i |
00:02:37 | 00:02:42 | actually sent this person to that |
00:02:39 | 00:02:43 | website 30 60 90 days ago so cookies are |
00:02:42 | 00:02:46 | a huge part of affiliate marketing and |
00:02:43 | 00:02:49 | what makes it such a profitable industry |
00:02:46 | 00:02:50 | i got cookies so to become an affiliate |
00:02:49 | 00:02:52 | of most companies there's two routes |
00:02:50 | 00:02:54 | some companies just allow you to go and |
00:02:52 | 00:02:56 | sign up for example if you want to sign |
00:02:54 | 00:02:57 | up for my affiliate program all you |
00:02:56 | 00:02:58 | would have to do is enter in your |
00:02:57 | 00:02:59 | information right here to create an |
00:02:58 | 00:03:01 | account once you have an account it |
00:02:59 | 00:03:02 | would look like this and you would be |
00:03:01 | 00:03:03 | given an affiliate link that looks just |
00:03:02 | 00:03:05 | like this one you're seeing on the |
00:03:03 | 00:03:07 | screen now it's not that easy for all |
00:03:05 | 00:03:08 | companies and a lot of big companies |
00:03:07 | 00:03:10 | actually require you to put in some |
00:03:08 | 00:03:11 | information and apply and then get |
00:03:10 | 00:03:13 | approved but a lot of affiliate |
00:03:11 | 00:03:14 | marketers get approved because you have |
00:03:13 | 00:03:16 | to look at this from the company's |
00:03:14 | 00:03:18 | perspective there's not a lot they have |
00:03:16 | 00:03:20 | to lose here right they only pay you |
00:03:18 | 00:03:22 | when you send them someone and it |
00:03:20 | 00:03:23 | results in a sale so if you don't send |
00:03:22 | 00:03:25 | them anybody and they don't get any |
00:03:23 | 00:03:27 | sales you're really not a ton of skin |
00:03:25 | 00:03:28 | off their back do they know each other |
00:03:27 | 00:03:30 | so let's tok about the three primary |
00:03:28 | 00:03:32 | ways that affiliate marketers are using |
00:03:30 | 00:03:34 | these links and getting people to click |
00:03:32 | 00:03:36 | these links and then making money now |
00:03:34 | 00:03:38 | the first way is by and far my favorite |
00:03:36 | 00:03:39 | way that people do this and i think it's |
00:03:38 | 00:03:41 | the easiest way for new people to get |
00:03:39 | 00:03:42 | started because it doesn't require a ton |
00:03:41 | 00:03:46 | of skill now the way they do this is |
00:03:42 | 00:03:46 | they use search engines |
00:03:47 | 00:03:50 | i tok about search engines i'm toking |
00:03:48 | 00:03:52 | about google i'm toking about youtube |
00:03:50 | 00:03:54 | i'm toking about pinterest when we have |
00:03:52 | 00:03:56 | a problem and we want a solution a vast |
00:03:54 | 00:03:58 | majority of us head straight over to |
00:03:56 | 00:03:59 | google and start to search or we head |
00:03:58 | 00:04:01 | straight over to youtube and start to |
00:03:59 | 00:04:03 | search for a solution to our problem so |
00:04:01 | 00:04:05 | an affiliate marketer will create |
00:04:03 | 00:04:07 | content around these solutions and then |
00:04:05 | 00:04:09 | it will naturally include an affiliate |
00:04:07 | 00:04:11 | link a great example of this could be |
00:04:09 | 00:04:12 | best stroller for babies right a new |
00:04:11 | 00:04:14 | father or a new mother is about to have |
00:04:12 | 00:04:15 | a baby well someone could put a piece of |
00:04:14 | 00:04:17 | content out on youtube a piece of |
00:04:15 | 00:04:19 | content out on google that toks about |
00:04:17 | 00:04:21 | the best stroller for babies and then in |
00:04:19 | 00:04:23 | the description or in that blog post |
00:04:21 | 00:04:24 | they can put this affiliate link that |
00:04:23 | 00:04:26 | we're looking at right here and refer |
00:04:24 | 00:04:27 | them to a product that can actually help |
00:04:26 | 00:04:30 | them solve the problem they're looking |
00:04:27 | 00:04:31 | for job well done so i love this method |
00:04:30 | 00:04:33 | because you're actually just out there |
00:04:31 | 00:04:34 | helping people and getting paid and the |
00:04:33 | 00:04:35 | people that you're helping don't even |
00:04:34 | 00:04:37 | have to pay you to help them now there's |
00:04:35 | 00:04:41 | a there's a few different routes we take |
00:04:37 | 00:04:41 | the easiest route is product reviews |
00:04:42 | 00:04:46 | for example one of my favorite products |
00:04:44 | 00:04:47 | that i use is called active campaign and |
00:04:46 | 00:04:49 | it's a software that i use a lot in my |
00:04:47 | 00:04:50 | business so i made a review of |
00:04:49 | 00:04:51 | activecampaign people that are |
00:04:50 | 00:04:53 | interested in buying activecampaign |
00:04:51 | 00:04:54 | might be hesitant in the beginning to |
00:04:53 | 00:04:56 | put out a lot of money so they search |
00:04:54 | 00:04:58 | out a review to see if it actually will |
00:04:56 | 00:05:00 | solve their problem when they type that |
00:04:58 | 00:05:02 | in the first video that shows up is me |
00:05:00 | 00:05:03 | there i am and i've made a review and i |
00:05:02 | 00:05:05 | demo the product and help them to make a |
00:05:03 | 00:05:07 | buying choice and say hey this is how |
00:05:05 | 00:05:08 | i'm using activecampaign i love it it's |
00:05:07 | 00:05:10 | working for me then i take that |
00:05:08 | 00:05:12 | affiliate link that activecampaign has |
00:05:10 | 00:05:13 | given me and i put it down in the |
00:05:12 | 00:05:15 | description another great way you can go |
00:05:13 | 00:05:17 | about this easily is doing comparisons |
00:05:15 | 00:05:21 | so competitors of activecampaign are |
00:05:17 | 00:05:22 | other softwares like mailchimp |
00:05:21 | 00:05:24 | so you can see on the screen right there |
00:05:22 | 00:05:26 | i make a mailchimp review and i compare |
00:05:24 | 00:05:28 | it to activecampaign and then i tell |
00:05:26 | 00:05:29 | people hey i much prefer activecampaign |
00:05:28 | 00:05:31 | and i use my affiliate link to active |
00:05:29 | 00:05:32 | campaign to get them to go sign up for |
00:05:31 | 00:05:34 | activecampaign so that's the first type |
00:05:32 | 00:05:35 | of video just reviews and comparisons |
00:05:34 | 00:05:36 | very easy to do now the next type of |
00:05:35 | 00:05:38 | video that we'll do in these search |
00:05:36 | 00:05:42 | engines is how-to videos and there's an |
00:05:38 | 00:05:44 | endless number of these that we can do |
00:05:42 | 00:05:46 | so a great example of this is i've got a |
00:05:44 | 00:05:47 | video uh how teaching people how to get |
00:05:46 | 00:05:49 | a bitcoin wallet there's a lot of people |
00:05:47 | 00:05:50 | diving into bitcoin right now they don't |
00:05:49 | 00:05:51 | understand it they know they need a |
00:05:50 | 00:05:53 | wallet but they don't understand how |
00:05:51 | 00:05:55 | that works so i made a video you can see |
00:05:53 | 00:05:57 | right there how to get a bitcoin wallet |
00:05:55 | 00:05:59 | and it's got almost 400 000 views now |
00:05:57 | 00:06:01 | when someone watches this video i show |
00:05:59 | 00:06:03 | them how i've gotten a bitcoin wallet |
00:06:01 | 00:06:05 | and i send them to a product that they |
00:06:03 | 00:06:07 | can pay for to have a bitcoin wallet now |
00:06:05 | 00:06:09 | that's the product i use and the company |
00:06:07 | 00:06:11 | which is coinbase actually pays me 10 |
00:06:09 | 00:06:13 | every time i send them a referral that |
00:06:11 | 00:06:15 | signs up so you can see here i've helped |
00:06:13 | 00:06:16 | the user right they're trying to figure |
00:06:15 | 00:06:18 | out how to get a bitcoin wallet and i've |
00:06:16 | 00:06:20 | showed them and they now know i've |
00:06:18 | 00:06:21 | helped me because i've made ten dollars |
00:06:20 | 00:06:23 | if they sign up and i've helped the |
00:06:21 | 00:06:25 | company because they now have a |
00:06:23 | 00:06:28 | long-term customer at a profitable price |
00:06:25 | 00:06:31 | point so this method if done right is a |
00:06:28 | 00:06:31 | win-win-win for everybody |
00:06:33 | 00:06:36 | and all you've got to do as an affiliate |
00:06:34 | 00:06:38 | marketer is produce content that can |
00:06:36 | 00:06:40 | revolve around your affiliate link and |
00:06:38 | 00:06:42 | then send people to your affiliate link |
00:06:40 | 00:06:44 | somewhere in that content that is method |
00:06:42 | 00:06:48 | one let's tok about method two and that |
00:06:44 | 00:06:49 | is using social media |
00:06:48 | 00:06:50 | so we've toked about google we've |
00:06:49 | 00:06:52 | toked about youtube these search |
00:06:50 | 00:06:54 | engines but there's other sites right |
00:06:52 | 00:06:55 | facebook instagram tiktok all these |
00:06:54 | 00:06:57 | sites that are more social media where |
00:06:55 | 00:06:58 | people are sitting there scrolling and |
00:06:57 | 00:07:00 | getting entertained and stuff like that |
00:06:58 | 00:07:02 | so this is very very similar they build |
00:07:00 | 00:07:03 | up an audience in a very specific |
00:07:02 | 00:07:05 | category then they go find a product |
00:07:03 | 00:07:07 | that most closely matches their category |
00:07:05 | 00:07:08 | and will most benefit their audience and |
00:07:07 | 00:07:10 | then they present the product so for |
00:07:08 | 00:07:12 | example you can see right here i've got |
00:07:10 | 00:07:14 | a tiktok account with almost 500 000 |
00:07:12 | 00:07:16 | followers that are all interested in |
00:07:14 | 00:07:17 | side hustles so when i'm ready to |
00:07:16 | 00:07:19 | promote a new product in the side hustle |
00:07:17 | 00:07:21 | space i go find a product that will help |
00:07:19 | 00:07:23 | people develop a side hustle and maybe a |
00:07:21 | 00:07:25 | specific category of side hustles then |
00:07:23 | 00:07:27 | i'll go make some tiktok videos about |
00:07:25 | 00:07:28 | that partikular method of side hustling |
00:07:27 | 00:07:30 | then i'll go just put a link in the |
00:07:28 | 00:07:31 | profile of my tiktok page and i'll |
00:07:30 | 00:07:32 | tell people to go click that link if |
00:07:31 | 00:07:34 | they're interested in learning more |
00:07:32 | 00:07:36 | about this partikular side hustle that |
00:07:34 | 00:07:37 | i'm presenting to them now this is a |
00:07:36 | 00:07:38 | little bit harder than just taking |
00:07:37 | 00:07:40 | someone that's already looking for a |
00:07:38 | 00:07:41 | product review and putting it in front |
00:07:40 | 00:07:43 | of them but it's not a lot harder and |
00:07:41 | 00:07:45 | it's a lot more fun where you can just |
00:07:43 | 00:07:46 | sit there and put out content build up |
00:07:45 | 00:07:47 | an audience and then when you're ready |
00:07:46 | 00:07:49 | you can present them with some kind of |
00:07:47 | 00:07:50 | affiliate offer for a product that you |
00:07:49 | 00:07:52 | like and that excites you and that you |
00:07:50 | 00:07:54 | think can help them now the third and |
00:07:52 | 00:07:55 | final way which i will give you full |
00:07:54 | 00:07:57 | disclosure and say this is not the |
00:07:55 | 00:07:59 | method i use and it's not what i'm most |
00:07:57 | 00:08:02 | familiar with but i have done it this is |
00:07:59 | 00:08:02 | using paid ads |
00:08:03 | 00:08:06 | this is very different than the first |
00:08:04 | 00:08:08 | two ways it's conceptually very very |
00:08:06 | 00:08:10 | easy and as we tok about this you'll |
00:08:08 | 00:08:12 | see it makes sense and it's very very |
00:08:10 | 00:08:14 | easy to get started with this what's |
00:08:12 | 00:08:17 | hard is to make an ad where you spend |
00:08:14 | 00:08:18 | less money than you make do the math |
00:08:17 | 00:08:20 | okay so you've got to have an ad where |
00:08:18 | 00:08:22 | you spend 500 and you make a thousand |
00:08:20 | 00:08:24 | dollars instead of an ad where you spend |
00:08:22 | 00:08:28 | a thousand dollars and you make 500 or |
00:08:24 | 00:08:28 | in other words you lose 500 |
00:08:28 | 00:08:31 | so this is how affiliate marketers do |
00:08:30 | 00:08:33 | that in this space you can see right |
00:08:31 | 00:08:34 | here cnn bunch of sites have ads like |
00:08:33 | 00:08:36 | these in the bottom right you kind of go |
00:08:34 | 00:08:38 | through the the content the text of the |
00:08:36 | 00:08:40 | website and then at the bottom there's |
00:08:38 | 00:08:41 | all these weird random ads that you have |
00:08:40 | 00:08:43 | no idea what they're doing there but |
00:08:41 | 00:08:45 | let's look at this one right here this |
00:08:43 | 00:08:46 | one gummy is a game changer with pain |
00:08:45 | 00:08:48 | management right it just looks like some |
00:08:46 | 00:08:50 | random post that maybe cnn wrote what it |
00:08:48 | 00:08:52 | actually is is an ad from an affiliate |
00:08:50 | 00:08:54 | who's paying to get that ad put there |
00:08:52 | 00:08:56 | now when you go there you can see right |
00:08:54 | 00:08:57 | here it takes you to a kind of a page |
00:08:56 | 00:08:59 | with a bunch of content writing about |
00:08:57 | 00:09:02 | these gummies right but what do we have |
00:08:59 | 00:09:03 | here we've got a link to these gummies |
00:09:02 | 00:09:05 | okay this could be an affiliate or it |
00:09:03 | 00:09:07 | could be an actual could be the actual |
00:09:05 | 00:09:08 | producers of these but you can see here |
00:09:07 | 00:09:10 | they're going to take you through this |
00:09:08 | 00:09:11 | process of qualifying for discounts and |
00:09:10 | 00:09:13 | stuff like that |
00:09:11 | 00:09:15 | skip these steps and eventually they're |
00:09:13 | 00:09:17 | going to try to sell me something now |
00:09:15 | 00:09:19 | it's most likely that an affiliate |
00:09:17 | 00:09:21 | actually sent put that ad in front of me |
00:09:19 | 00:09:23 | right there and now we're moving through |
00:09:21 | 00:09:25 | the sales process to buy these gummies |
00:09:23 | 00:09:27 | you can see at the top in the url i |
00:09:25 | 00:09:28 | don't understand what most of this means |
00:09:27 | 00:09:30 | but you can bet there's probably an |
00:09:28 | 00:09:33 | affiliate id hidden somewhere in all of |
00:09:30 | 00:09:35 | that text so the goal here is let's say |
00:09:33 | 00:09:37 | it costs one cent for them to get you to |
00:09:35 | 00:09:40 | click this ad right here right well |
00:09:37 | 00:09:42 | their goal is that on average they make |
00:09:40 | 00:09:44 | two cents for every person that clicks |
00:09:42 | 00:09:46 | that link that means they're spending |
00:09:44 | 00:09:48 | one cent making two cents well now they |
00:09:46 | 00:09:50 | can go scale that and spend for one |
00:09:48 | 00:09:51 | thousand dollars and make two thousand |
00:09:50 | 00:09:52 | dollars and then scale again and spend a |
00:09:51 | 00:09:54 | hundred thousand dollars and make two |
00:09:52 | 00:09:56 | hundred thousand dollars it's a very |
00:09:54 | 00:09:58 | simple to understand method but but |
00:09:56 | 00:09:59 | getting everything refined and honed in |
00:09:58 | 00:10:01 | so that you're able to make that happen |
00:09:59 | 00:10:02 | is actually significantly harder now |
00:10:01 | 00:10:04 | there is a link down below if you want |
00:10:02 | 00:10:06 | to learn more about this method i don't |
00:10:04 | 00:10:08 | teach it but it's a link to a resource |
00:10:06 | 00:10:09 | where someone does teach this so if any |
00:10:08 | 00:10:10 | of these methods appeal to one of these |
00:10:09 | 00:10:12 | methods just seems like something you |
00:10:10 | 00:10:14 | could do for years and years and years |
00:10:12 | 00:10:16 | then maybe affiliate marketing is for |
00:10:14 | 00:10:17 | you now we do have links down below to |
00:10:16 | 00:10:18 | resources that's what affiliate |
00:10:17 | 00:10:19 | marketers do so if you want to get |
00:10:18 | 00:10:21 | started in any of these different |
00:10:19 | 00:10:22 | methods we've got links to different |
00:10:21 | 00:10:24 | resources some are mine some are other |
00:10:22 | 00:10:26 | people's summer affiliate links where |
00:10:24 | 00:10:27 | you can go and get started to learn more |
00:10:26 | 00:10:29 | about any of these different methods |
00:10:27 | 00:10:31 | mentioned in the video and don't forget |
00:10:29 | 00:10:34 | if making money online is your thing |
00:10:31 | 00:10:36 | give this channel a ring |
00:10:34 | 00:10:38 | oh gosh that was so embarrassing but |
00:10:36 | 00:10:39 | seriously subscribe to this channel if |
00:10:38 | 00:10:41 | you want to learn how to make money |
00:10:39 | 00:10:42 | online and don't forget the next video |
00:10:41 | 00:10:45 | will continue you and your affiliate |
00:10:42 | 00:10:45 | marketing journey |
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