Affiliate marketing for Beginners - How to make money online

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TABLE OF CONTENTS

  • Introduction
  • What is affiliate marketing?
  • Choosing a product or service
  • Pros and cons
  • Getting help to get started
  • Summary


INTRODUCTION

It started several years ago. Life felt “gritty”, and I didn't feel like I was living the life I wanted. Being stuck in a daytime job, giving all my energy to someone else, only to not have the energy for my own free time. It didn't feel like a sustainable life for me until retirement in about 40 years.

Then one day, I was invited to a webinar discussing the future of the job market. They talked about the gig economy, working online, and something called affiliate marketing. At first, I didn't understand much, but what caught my interest was the idea that through this approach, I could create the lifestyle I DREAMED of and longed for.

So, I started seeking more information about this approach, doing MAAANY Google searches about the possibility of working online and through affiliate marketing. Ads about this method kept popping up on social media where others talked about how they started and worked online without prior experience. So, I thought - If they can do it, so can I, even though I have no previous experience or knowledge. I just need to seek help from others who have succeeded in this area.

I started working part-time in affiliate marketing alongside my regular job as an employee to see if this could also work for me. And through something called "high ticket" products, after only just 3 months I earned more from one single customer purchase than I did as an employed manager in 1 month. And I was only a "newbie" in the "Affiliate industry."

If you can relate to my story even slightly, keep reading this article where I'll share how you can break free from your employment and achieve a more flexible work life and a lifestyle you DREAM of via Affiliate marketing.

In this article, we will explore everything you need to know about affiliate marketing and why I believe it's the ultimate solution if you want a life of maximum freedom and flexibility.

If you prefer learning through videos, and if you’re seeking even more in-depth training and guidance on starting your affiliate journey click this link to get a Free 7-day videoserie about affiliate marketing

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WHAT IS AFFILIATE MARKETING?

Affiliate marketing is simple. It means you earn paid commissions for helping other companies and brands market and sell more of their products and services. The best part is you don't need to have your own product inventory, handle customer service, or even create the products yourself. You just focus on spreading the word and earn a commission as soon as a customer makes a purchase through your affiliate link.

Chances are, you already recommend products and services to people you know, completely free of charge, like when you tell someone how satisfied you are with your haircut from the hairdresser or the delicious meal you had at a certain restaurant. So why not earn money by recommending products and services you have personally tried and liked?

One reason affiliate marketing is so powerful in today's world is that nearly all major brands, companies, and websites have affiliate programs to sign up for. This means you can easily work with products, services, or companies that you genuinely like and can recommend to others.

Affiliate marketing is relatively easy to start, and there is a lot of money to be made in the industry. E-commerce is experiencing tremendous growth, with consumers relying more and more on online shopping. The global affiliate marketing industry is worth over $17 billion and is expected to grow to a market size of $27.78B by 2027. It is estimated that by 2040, 95% of purchases will be made online, offering vast opportunities for affiliate marketers. So why not take advantage of this turnover?

CHOOSE A PRODUCT OR SERVICE

Find an affiliate program that suits YOU - To earn commission as an affiliate, you start by registering for an affiliate program that feels right for you. Preferably with products and services that you have personally tried and liked so you can genuinely recommend them to others.

As an example, you could be an affiliate for Amazon and endorse or support any products you can think of on this platform. Amazon is currently the world's largest e-commerce platform with 608 million searches just in February 2024, so you can imagine the opportunities there.

It could be makeup, clothing, something within the health and fitness niche, software, courses—whatever products you have an interest in and love yourself. Amazon is just one website with millions of products that you can earn commission by endorsing.

I myself started as an affiliate for a health and beauty company, which is a world leader in home spa machines, skincare, and supplements, as the "beauty industry" is the fourth largest area people worldwide spend money on. Feel free to check out the products and my webshop via this link if you want to know more: check out my webshop here.

HOW DO I MAKE MONEY VIA AFFILIATE MARKETING? 

Your personal affiliate link

When you sign up, you'll receive a unique link connected to your affiliate account. You can then share your affiliate link, for example, on a website, blog, social media platforms such as Instagram, or elsewhere. Be personal and genuine and explain how the product or service can solve their problem or meet their needs.

What do you earn as an affiliate

For everyone who clicks on your link to the company's website and makes a purchase, you earn a percentage of the commission for the referrals to these products or services.

How much commission you earn on each sale varies depending on the company and offer. Average commissions for digital products are 30-40%, and for physical products, it's 5-10%. For some digital products, you can even get up to 50% commission.

As you build your affiliate business, you can scale up by collaborating with multiple companies and promoting a range of products and services. That's what I'm doing currently, and it works very well for me.

These are the three companies I collaborate with today and can recommend:

- Amazon Associate
- NUskin Enterprise
- Industri Rockstar

Check out the FREE 7-day videoserie, sign up here!

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PROS AND CONS OF AFFILIATE MARKETING

It's important to weigh the pros and cons of diving into affiliate marketing before you start, so let's take a look at them.

PROS

No or low startup costs: You don't need to invest a fortune to get started. It's a low-risk venture where you can begin with a minimal budget and grow at your own pace.

Flexibility: You can work wherever you want, whenever you want, anywhere in the world—all you need is a laptop/mobile phone and an internet connection.

Time freedom: When using marketing strategies like Authority Marketing, you no longer need to trade your time for money. Once you've set up the system, you can essentially have your business run on autopilot.

No prior experience needed: Anyone who can navigate the internet, send emails, and pay bills online can learn to do this. The tools and systems available online today make things much easier.
If you're willing to learn, there's no doubt you can do this!

No limit to how much you can earn: There are no limits to how much you can earn. In other words, you can write your own paycheck. After 3 months as an affiliate, I had my first "high ticket" sale where I earned a full month's salary (based on what I earned as a former employed manager at a larger educational company) from a single customer purchase. It was such a GREAT feeling 😊

Meaningful work: It gives you the opportunity to build an income around your hobbies that you have. When aligning yourself with products, services, and brands that you truly resonate with, things you are happy to work with, this results in the work being enjoyable and meaningful.

No requirements: You don't need to ship or store anything. You don't need to provide any customer service, and you don't need to set up any of the technical stuff like merchant accounts, payment processing, etc.

No "cold calls": There's no need to be an intrusive salesperson chasing people or trying to convince someone to buy something they don't want. That approach doesn't work anymore and it doesn't feel good either. With the right strategy, you will truly be helpful to people. They will feel glad they found you and more than happy to buy from YOU!

Okey so how about the cons?

CONS

Competition: There is a lot of competition in affiliate marketing, which can make it difficult to stand out and sell if you don't know how to market and sell effectively online. However, as mentioned earlier, if you learn to use proven strategies like Authority Marketing, you will never struggle to attract new customers and sell.

Low commission: Some affiliate programs offer low commission rates, meaning you have to sell many products to earn a larger sum of money. However, it's important to remember that there are still plenty of opportunities to earn a good income as an affiliate.

One strategy is to focus on promoting goods with "high ticket" commissions to achieve higher profit margins. I myself work with a "high ticket" service where I can earn a commission of around $4.000 from a single customer purchase. Although these products may have lower conversion rates, meaning you sell fewer, the higher commission rates can make it easier to earn a significant income with fewer sales.

It's also worth exploring affiliate programs with recurring commissions, where you earn a commission every time a customer you referred makes a purchase, not just the first time. For example, I receive commissions every month from people who registered via my affiliate link a year ago. Or products that customers subscribe to every month. These can be various types of subscriptions (Spotify, Canva, or supplements via NUskin).

Some affiliate programs even offer "lifetime commissions," meaning if a person buys a product through your unique affiliate link once, you will get paid for every purchase that person makes "for a lifetime."

Requires time and effort: Affiliate marketing takes time to learn and is not a "get-rich-quick scheme." It takes time, effort, and commitment to learn and to build and grow your business if you want something that will earn you for a long time.

Relies on company's success: When you market a company's products or services as an affiliate, your success is tied to the company's success. If the company's products or services are not in demand or if the company goes out of business, your income as an affiliate may be affected.

The solution to this is to collaborate with multiple companies and market a range of products and services. There are millions of products and services available online to market. It works very well for me with the various partnerships I have with a handful of companies.

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SO HOW DO I BECOME A SUCCESSFULL AFFILIATE AND GENERATE SALES EFFORTLESS, 24/7?

Want to succeed as an affiliate marketer and become a successful Affiliate? Focus on mastering one key skill:

Learn how to market and attract the right people who WANT to buy the products or services you promote.

Many affiliate marketers use the same old strategies, making them blend in with everyone else. But if you use a method called Authority Marketing, you'll stand out from the crowd.

Here's the secret: Understand your customers. Know what they want and how to talk to them. When you get this right, you'll always find customers and make sales easily.

Plus, if you set up a "marketing funnel", you can automate your business and generate sales 24/7, without having to chase or convince anyone. I love waking up to e-mails saying "You made a sale". This means more free time for you!

Learn more about this in our free video training

GETTING HELP TO GET STARTED CAN BE WISE

It feels like everyone else is also working with Affiliate marketing, so there's probably no "room for everyone," right?

Getting started with affiliate marketing as a beginner can be overwhelming. There are so many options to choose from that you eventually don't know where to begin. That's how it felt for me at first too.

But remember you don't need to be an expert or have a lot of technical knowledge to get started, neither did I! All you need is a little help from those who have done this before you.

With training, you can remove the uncertainty and start building your own affiliate business.

To get more in-depth training on affiliate marketing and how to get started from scratch, sign up here for this free training.

Here, you'll get access to a 7-day video workshop that will give you more knowledge about affiliate marketing and an introduction to Authority marketing so you can market the products or services you choose to work with in the best way possible.

I myself have chosen to market myself through YouTube and e-mail marketing to make my marketing as automated as possible so I can do other things while sales come in regardless of the time of day.

SUMMARY

In my opinion, Affiliate marketing is a perfect start for those seeking a different type of online work as it provides the freedom to work on your own terms. You no longer need to work the traditional 9-to-5 job. Instead, you can decide when, where, and how much you want to work.

This is how my worklife looks today, and I am so grateful that I found this way of working and can avoid the stress of working for someone else and having to ask for permission when I want to take time off and go on vacation.

Today, there are such great opportunities to start and work online. And the best part is that you don't need to be an expert or have loads of experience to get started. I didn't either when I started.
It's just about having the courage to take the first step.

With affiliate marketing, you can create your own income stream and have time to do what you love 💜 Affiliate marketing gives you the chance to build your dream business and live the life you dream of.

I realized that life is short and nothing will change unless I do something about it. So why wait? It's time to take control of your future and start the journey towards a life with more freedom and flexibility.

So my advice to you now is to take these three steps:

  1. Sign up for the video series and educate yourself on how to get started today, sign up here to the FREE 7 DAY VIDEOSERIE
  2. Choose a company to collaborate with.
  3. And have FUN creating the lifestyle you DREAM of

I hope this article has given you more knowledge about affiliate marketing, and based on what you've read, you can make a decision about whether this way of working is for you or not.

If you have any questions, don't hesitate to email me, and I'll get back to you as soon as I can.

Have a great day
Best wishes Kim 💜