So, what is affiliate marketing, exactly? This article was written for those of you who have maybe heard a little bit about making money with affiliate marketing, but aren’t sure exactly how it all works.
For starters, affiliate marketing is not a way to get rich quick. There are many e-books, videos, and “training programs” out there that promise get rich quick strategies, but they are all scams and the methods taught never work (trust me, I’ve tried them all). So, for starters, affiliate marketing is a legitimate business where you will be providing a valuable service, and in return, you’ll get paid for it.
Let’s get into a bit more detail.
What Is Affiliate Marketing? Here’s The Basic Business Model
The affiliate marketing business model goes a bit something like this…
The most common way successful affiliate marketers earn their commissions is by developing an information based website that attracts free search engine traffic. Upon attracting those free search engine visitors, you will make product or service recommendations or place other forms of advertising on your website. Anytime one of your visitors makes a purchase through an advertisement on your website, you collect a percentage commission of the sale.
So, to make this more clear, let’s use a real-world example. I own a website called DogFoodInsider.com. On that website, I review all sorts of different types of dog food. Many dog owners will research the food they are feeding to their dog, so the content I have on my site is definitely in-demand. Lots of people are searching for that information in the search engines. This drives me a ton of traffic.
Now, once I have that traffic, I can then pre-sell my sites visitors. In other words, I can supply such great information that they grow to trust me and the information I’m giving. So, when I recommend they purchase dog food through Amazon.com, some of them listen. When I send buyers to Amazon.com, I receive a commission on their entire purchase. I even boldly state on each page of the site that if they use my special affiliate link and make a purchase, I earn a commission. Every day, people do ME the favor of using my affiliate link so I get a commission. All because I “pre-sold” them by providing in-demand content.
In the end, my sites visitors win because they became well informed about dog food and feel good about the purchase they are making. They also get to buy their food online, saving them money and the hassle of lugging a 30lb bag of dog food home from the store. Amazon.com wins because I sent them some additional business. And of course, I win, because I earned a commission on something even though I was in bed sleeping!
Using The CTPM Process
In short, however, CTPM stands for:
By creating a website with great content, you naturally bring in traffic from free search engines (and those people share your website elsewhere like forums, social media, etc.). Once you have the traffic on your site, you can pre-sell them by over-delivering on the information they were originally searching for. Then, and only then, should you try to monetize. And monetize you will!!
The CTPM process is the only proven process that I’ve ever seen work, especially for those on a budget who don’t have thousands of dollars to pay for traffic through advertising methods.
Many people who use this method prefer to call themselves “Infopreneurs” because they essentially earn their living by providing high quality information for free on the internet.
How Long Does It Take To Become Successful At Affiliate Marketing?
As I mentioned earlier, earning money as an affiliate marketer is not a get rich quick process. If you’ve read the about me section on this site, you’ll see that I was able to start earning revenue in about 6 months and quit my job in less than 1 year. Within 18 months of starting my affiliate business, I was earning over $9,000 per month. So, I’m not saying this has to take years and years of work, but what I am saying is expect to put in some time and a lot of effort before you can expect to become successful.
Additional Articles You Might Enjoy
- How To Create your First Affiliate Marketing Website
- How Long Does It Take To Become A Full Time Affiliate Marketer?
- How To Choose A Profitable Affiliate Marketing Niche
The Beauty Of Affiliate Marketing
My opinion about affiliate marketing is pretty consistent. I think it is a complete game changer for entrepreneurship. Never before has an opportunity like this existed to the masses. I just can’t fathom why EVERYONE isn’t trying to do this. There is plenty of room for many more affiliate marketers and there’s not reason 99% of the population should be afraid to at least give it a try. Here’s why…
- You can easily start a legitimate affiliate marketing business for less than $50 (and I’m being pretty liberal with that figure).
- There is no reason to quit your day job or “risk everything” to start an affiliate business.
- You can start your business in as little as 10hrs per week.
- You don’t have to sell any of your own products, so you never deal with customer service, storage, office rentals, shipping, order processing, employees, etc.).
- The income you will be generating is RESIDUAL!
I can keep going (for a loooong time, actually), but I want to hammer down that last point. By starting an affiliate business, you will be building RESIDUAL INCOME. What does that mean, exactly? It means you get paid whether you’re actually working or not. Every website I build earns me revenue whether on I’m working or not. I can go on vacation for a month and my income will not drop. The same checks will be waiting for me when I get back. Every morning when I get up, the first thing I do is check my phone to see how much money I made overnight. Residual income is the ultimate in freedom. No longer will you get paid for your time. With residual income, your time becomes separate from how you get paid. Not even doctors and lawyers can say that.
Sure, But Is Affiliate Marketing Really Possible For Anyone?
Yes! Well, almost. If I had to hire someone to be an affiliate marketer for me, these would be my requirements…
- Willing to work at least 10 hours per week for 6 to 12 months before receiving payment (exponential residual lifetime income with unlimited vacation days thereafter).
- Ability to work from home or any other place with an internet connection.
- Be willing to learn a lot in a short period of time and have the patience keep going when the going gets tough.
- Understand how to use “mistakes” as learning experiences and grow from them, instead of getting down.
- Ability to work independently with no supervision whatsoever.
- Have average writing skills.
- Have a particular skill, knowledge, or interest that you would be willing to learn more about and teach to others.
- The desire to never fight rush hour traffic or sit in a cubicle again.
Ok, I added that last one for fun. But in all seriousness, if you start learning how to become an affiliate marketer today, you can have a website by next week. But don’t assume that website will earn you any income for about 6 to 12 months. That’s just how long it takes. In that 6 to 12 months, you’ll be learning A LOT. How to put together a nice looking website, how to write good content, how search engines work, how to properly market to your site visitors, where to place advertising on your site, and about 1,000 more things. You must have the patience to learn, because the learning curve never stops.
It’s inevitable that you will make mistakes. Rookies in any industry do. So you also must be able to turn “mistakes” and negatives into positives. You always learn something from mistakes. The trick is to never let those mistakes stand in your way.
“Success consists of going from failure to failure without loss of enthusiasm.”
– Winston Churchill
And finally, understand that while you won’t get paid immediately for your efforts, everything you work on is residual income potential. Something you work on today could earn you thousands of dollars for years to come. Plus, once you’re finished building one site, you can build another, and another, and another. Soon enough, you have built so much residual income that you’re swimming in more cash you ever thought possible.
And that’s the beauty of affiliate marketing (and residual income).
How To Get Started In Affiliate Marketing
There are two different places I highly recommend you start. As someone who has been through lots of scammy affiliate marketing courses, I want to steer you in the right direction.
If you have $29 / month to spend on your business, I highly recommend going with this service. That is the exact service I used to start my affiliate marketing business, hence the reason I’m so eager to recommend them.
The reason I them is because they teach legitimate business, not some new get rich quick method of the month. On top of that, they don’t just have a training program (although their 10 day training program is the best I’ve ever seen). The huge perk to using them is that everything you need to grow an online business is included “in house.”
For example, you aren’t going to have to sign up for web hosting. Registering a domain name won’t cost you extra. Instead of paying another service for a “keyword research tool” (something you’ll want), you can use the fantastic tool provided with your subscription. Most keyword research tools themselves cost over $40 / month. Don’t know how to build a website? Included in their price is a super simple “drag and drop” website creator. You don’t need to know a single line of computer code. In all, you’ll get over 80 tools to use, all for the same price, and they offer a 90 day money back guarantee (you can even keep the domain name if you’re not happy with them). I still have 5 subscriptions with them to this day. Been with them for years.
Good luck to you and welcome to the wonderful world of affiliate marketing!