How to Make $ 360,000 + a Year With the Affiliate Marketing Business
In this article I will explain how the affiliate marketing business works and how you can earn money from it. The potential to make really huge profits is really high with affiliate marketing. But it is not easy, especially in the beginning and you really need to understand the basic to have long-term success. Lets get started.
What exactly is an Affiliate?
Well, it is actually very easy business model, where you promote other peoples products or services instead of your own. If you drive traffic you the webpage and the customer makes a purchase, then you get a commission. The commission rates can be from 5% -75%, most fall in this category.
You don't even have to have a website to get started with your affiliate marketing business, you can earn a lot of money within a very short period, you do not have to create your own product, and you don't have to take any risks what so ever. You can get started today by creating your account on Clickbank.com, the largest marketplace for digital products in the whole world.
The benefits of affiliate marketing business
- Little to no costs – You don't need any money to get your business up and running, if you choose free marketing opportunities like writing, blogging, using forums, etc.
- If you are promoting an physical product, then you as an affiliate, don't have to worry about manufacturing it and delivering it. All you have to do is drive traffic to the merchant website, the owners will do all the hard and dirty work for you.
- You can't lose any money with affiliate marketing. But you have to spend a lot of time to learn how the business work. If you don't put in the effort then you will not get the rewards. The chance of you losing money with this business is very very small, but the chance of making huge profits is very high. I am a member of Wealthy Affiliates and one high school student there is making over $ 8000 a month.
Unlimited number of products to sell
You can sell an endless number of products ranging from books, home-study courses, health care products, weight-loss products. There are thousands of companies online who have affiliate programs, just do some research and join them. There is no limit to the number of products you can sell. Here is just an example:
Lets say you want to promote a golfing ebook. This book is worth some $ 50 and your commission is 50%. So you would get $ 25 when you sell just one product. It is not hard at all to sell 1 eBook a month. So then you would get $ 750 a month. If you make 5 sales a month you would get $ 3 750.