Looking for affiliate marketing FAQ? Here’s a few of the top most asked questions about affiliate marketing and links to the answers.
Affiliate Marketing FAQ #1 – Here’s one of the most asked affiliate questions – “What is affiliate marketing?”
What Is Affiliate Marketing?
What is affiliate marketing? Affiliate marketing is a business model in which third parties get paid for product referrals, mostly online. Affiliates join an affiliate program and get access to a dashboard which gives them a unique identifying code, called an affiliate link. They then promote this link to earn commissions based on sales they generate.
Affiliate marketing is one of the most popular ways to earn online. You don’t need any products of your own to start but you do need to learn and implement certain skills and strategies in order to make sales.
Affiliate Marketing FAQ – What Do Affiliates Do To Make Sales Online?
There’s lot of different strategies employed by affiliate marketers. Some are bloggers, and write a lot of content on a website. Others upload video content or build email marketing lists using paid advertising techniques. You can also use the various social media platforms such as Facebook, Linkedin, Twitter and Pinterest to showcase content and link to your products.
The various organic methods of making affiliate sales online involve creating content mostly. Affiliates upload hundreds of useful videos or blog posts to their YouTube/TikTok channel or website. As their content grows in volume, the search engines index it. People find the content through the SERPS (search engine results pages) and purchase affiliate products they find on the content.
Some affiliates will use paid advertising platforms such as Google Adwords to send targeted traffic to affiliate products and services. A good example of a popular affiliate website is Moneysavingexpert.com. This site helps people with their financial problems through information geared to help them save money. When they purchase a product through the site, their purchases are made through affiliate links. Each one will earn a commission for the website. See also what do affiliate marketers do?
How Long Does A.M. Take?
Depending on a number of things, it can take several weeks or several months before you learn how to make your first affiliate sale. Many affiliates will quit before this even happens. Depending on how you promote your affiliate products and the products you choose to promote, it can take a long time before you can consistently earn an income as an affiliate.
It takes much longer too if you choose a path of building organic (free) traffic, due to the large number of competing websites and YouTube channels online. There’s over 600 million blogs on the internet and over 51 million YouTube channels.
To speed things up, you can do things such as:
- Choose to sell subscription and high ticket products which pay recurring income and much larger commissions (respectively).
- Use an email list – most top affiliates will build an email list of subscribers.
- Focus on products which you are passionate about and which serve a large consumer need
See also how long does affiliate marketing take to work?
What Is High Ticket Affiliate Marketing?
Most affiliate products are “low ticket” which is to say low value. Items sold online for around $100 would make an affiliate between $1-$40 depending on the affiliate commission offered. Most physical products will pay less than digital products (1-10% compared with 30-40% for digital items).
A high ticket items is valued much higher than your average affiliate product. High ticket items can sell for between $500 and $50,000, for example. Here’s an example of a high ticket item selling for $300,000 – the amphibious sub-marine watercraft.
High ticket items are good for affiliates because they obviously earn more per sale. But this also allows them to use more expensive marketing strategies in their arsenal of advertising techniques. A higher value item will offset a large advertising budget more easily than a low value item. So it can be easier to grow and scale an online business by using high value items within your product range.
What’s The Fastest Way To Do A.M.?
One of the fastest ways to build an affiliate marketing business is with a high ticket sales funnel and using paid advertising. With such a funnel and a range of high value and subscription products within a product range, you can more easily use paid marketing to build your business. Paid marketing is good for speed because once you hit upon a profitable campaign, you can simply turn up your budget. With content marketing, it can take a lot longer because you’ll need to build a lot of content and promote it.
Content marketing can take months just to get any feedback. With paid marketing and a large marketing budget, you can see results within a few weeks. The fastest way to make money with affiliate marketing is through the use of landing pages, an email list, paid marketing and through selling high ticket and subscription items which solve a large problem.