Affiliate marketing is one of the best way you can use to make money online but is still one of the most misunderstood by many affiliate marketers.
If you are new to affiliate marketing scheme, affiliate marketing is the act of referring products to those interested and if any purchase is made, you will be given a commission.
The commission can be between 50-75% depending on the advertiser. So it is really a good business, isn’t it? I referred a product to my audience and I get paid with large commission.
Every newbie always fall to that prey. All looking for ways to make money online quick, so they don’t have to bother about more after payments.
But that’s really bad for business.
I will giving you a quick analysis on the bad and the good way you are promoting products and you are not making any money and even you make money, you are still loosing a lot of money on the long run.
I know of a blogger, John Chow who makes more than $400,000 per month with affiliate marketing. It can be that huge to make money online, if you do it the right way.
When I started blogging around 2012, I was into affiliate marketing also, promoting products to my audiences and on the long run, I wasn’t making any money. I tried different ways to promote products but if am to make any money at all, that will be me buying the product to make myself happy.
What am I doing wrong? I can’t figure that out. I researched more on how to make money as an affiliate marketer but all to no avail.
I met some top bloggers who are big in the business, some gave me good advice which i thought well it is good but to be candid, it is like i am digging my online business grave again, I couldn’t make any money. That was hitting me hard.
I know of many bloggers making money but I am not making any. Like did you have that feelings at times? You read how people are making money online but just to follow their method, is really a big problem? What more could I do?
Due to my persistence to know how I can also be making money online, I came through an article by someone which I can’t really remember on Email list, I read the post all through but couldn’t grab a glimpse. The post wasn’t that detailed, the guy was just making it hard in the post, you need an email list, you need an email list bla bla bla.
I researched more on that keyword “Email List“ and that’s how I found the one I called a Millionaire in the online business, he is a damn fine guy as he calls himself. His name is John Chow. I bought an ebook written by him and I learned everything to be successful as an affiliate marketer. Exactly, what am doing wrong and what i need to start doing.
The Bad Way of Promoting Products
In the ebook, I learned how bad I was using to promote products to my users and I was loosing a lot of money on the way. What’s the Bad Way
- Find a Product
- Get Traffic
- Promote to users
- Make Money and Repeat the process
If you are familiar to that, you are also loosing a lot of money on the long run. This method is used by 85% of affiliate marketers and that’s why many always find it hard to make big money online. You find a product to promote, you then go look for traffic, after then you promote to users and make money. You repeat the process again.
The repeating part is why you are loosing a lot of money and a lot of hard work to get the traffic. Whether you are buying traffic or not, this method is still the worst way you can use to make money online. John Chow always calls it, the Hit and Run Method.
The Good Way of Promoting Products
- Find a Product
- Get Traffic
- Provide a Free giveaway
- Build an Email List
- Make Money
This is the method I found many top bloggers using to make money online. The likes of John Chow, Zac Johnson, Michelle, Grace and Silas, Neil Patel, Alex and many others like that.
They have a great email list and that’s where money is. You need to starting building your lists from the day you are promoting your products. Money is really in the list.
What Email Providers did I recommend
There are lot of email providers out there, but few are good for the kind of business you are going to. For me, I always love these three email providers, Converkit, Mailerlite, and Mailchimp. Converkit always top my list. So go for the gold
How do you do this?
It is very simple. If you have a product to promote. Just give something like a giveaway maybe ebooks or anything free just to capture emails, maybe after some days,you can start promoting your products. So, you don’t have to worry about new traffic to get new sales. That’s how to succeed as an affiliate marketer. Amazon makes money because they have recurring customers.
So start Building your Email List from Now.