There are two important steps to making money in affiliate marketing.
The first step to making money as an Affiliate Marketer is to choose the right Affiliate Marketing Company.
The second step is promoting affiliate marketing products. Because this second step is such a big step, with many moving parts, I’ve dedicated another post to it. Scroll down to the end of this post for part 2.
How to Make Money in Affiliate Marketing
How to Choose the Right Affiliate Marketing Company
People are attracted to Affiliate Marketing for the same reason that they are attracted to a Franchise. It’s kind of the online version of a franchise because you’re buying into a turnkey system.
The more you have pre-built into the system, the more you have “done-for-you” by the company, the easier it’s going to be for you to succeed.
How do Franchises increase their success rate?
- They build a solid reputation in the market
- They offer popular products or services
- They offer a turnkey system
- They offer excellent training
Outstanding affiliate marketing companies focus on the same qualities.
That’s why many people start out working for big giants in the industry, like Amazon or Walmart, because they are already trusted names and they offer such a wide range of products. I know many affiliate marketers who have gone the Amazon route and are making brilliant money.
- But do they offer a turnkey system and the training to implement it?
- Do they offer high-ticket products?
- Can you do repeat business with your customers?
Now, I promised in my previous post about Affiliate Marketing Training Courses that in this post I would discuss the course I’m doing now. So here you go.
The only Affiliate Marketing company I’ve come across so far that offers the kind of training and support that gives you a turnkey system, an online franchise, is the company I review here.
I never quite understood how to make money from Affiliate Marketing until I understood the Value Ladder and created my first Sales Funnel.
The Value Ladder
Here’s a quick diagram to give you some insight.
Essential Elements of a Top Class Affiliate Marketing Opportunity
Use this handy checklist when looking at a new affiliate marketing opportunity.
Checklist
1. Product Value
- Do they have products your customers want?
- Are customers happy with the products?
- Are many customers asking for refunds?
- Do they have a full suite of products, from low to mid to high-end?
2. Commission Potential
- What percentage commission do you earn per sale?
- Do you just get paid for one initial sale or every time a customer buys?
- Do they have a full suite of products, from low to mid to high-end?
- Will you be paid on your customers for life?
- Will you be able to lead your clients to make higher purchases by building their trust over time? (Value Ladder)
3. Training, Coaching and Support
- Do they offer basic and advanced training?
- Do they have Coaches who can assist and support you one-on-one?
- Do they offer live Events and Masterminds?
4. Marketing
- Do they have high-converting sales videos to help you promote their offers?
- Do they have a sales team that calls customers for you?
- Do they use Events and webinars to help you convert more sales?
5. Systems
- Do they have an effective tracking system to track every customer?
- Do you have access to this system?
- Can you track your customers and their sales?
- Or does the company hold that information?
- Can you do repeat business with your customers, for life?
6. Integrity
- Does the company have a good reputation?
- Do they treat people right?
- Do they pay people on time?
When all these elements are in place, you can focus all your time and attention on your side of the bargain…
Step 2: Promoting Affiliate Products
I’ll discuss how to promote affiliate products in my next post. Stay tuned for How to Make Money in Affiliate Marketing Part 2.
P.S. I found one company that ticks all the boxes above. Click here for my review.
* If you purchase anything through a link in this article, you should assume that I have an affiliate relationship with the company providing the product or service that you purchase, and that I’ll be compensated in some small way at no extra cost to you.
