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How To Start & Grow An Affiliate Marketing Business: EASY 3 Phase Process
Whether you’re a complete beginner or looking to scale your affiliate marketing business to the next level – This video is for you!
In this video you’re going to learn the 3 phases to make a consistent passive income:
1. How to create your first result (low hanging fruit)
2. Proof of concept – how to “piggy back” and build off of your first result
3. Bonus stacking – How to use bonuses to 10x your results.
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in this video, I share the single BEST way to get started with affiliate marketing for FREE. I give you a simple to implement 7 step strategy that you can take action on today without a website or any money.
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DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
Which is better, affiliate marketing or dropshipping? Which makes the most money? Find out!
►► Free Webinar! ,000/Day with Affiliate Marketing: http://wholesaleted.com/go/passivewebinar
►► Free Ebook – 6 Steps of a 6 Figure Dropshipping Store: http://wholesaleted.com/4-step
***OTHER LINKS DISCUSSED IN THIS VIDEO***
How We Make 0/Day With Affiliate Marketing: https://www.youtube.com/watch?v=-EJkasSgiTs
How to Make Million Dollars in a Year: https://www.youtube.com/watch?v=7AhrpqKgS2o
What is Affiliate Marketing? How Do You Make Money with Affiliate Marketing?
In this business model, your goal is to refer customers/clients to another business. If they purchase their products/services, you make a commission on the sale. The way that these businesses track your sales is with something called a hoplink. When a customer clicks on this hoplink and then purchases an item, you get credited with the sale.
What is Dropshipping (with Aliexpress)? How Do You Make Money with Dropshipping?
Dropshipping (with Aliexpress) is when you go to Aliexpress and find low-cost items to list in your own online store (e.g. you can make a store with Shopify) with a mark-up price. You then run Facebook ads to the products in your store promoting them. When a customer buys an item in your store, you then go to Aliexpress and order the item for them. You keep the difference in profit.
Question 1: Which Is Easiest for Beginners – Affiliate Marketing or Dropshipping?
There is no clear winner when it comes to this question: both business models have their own advantages and disadvantages.
With affiliate marketing, it has the advantage that your affiliate merchant partner is likely established and has built up trust online. That means that if you refer a potential customer to them, that the conversion rates will be higher because they are more likely to feel comfortable purchasing from them – unlike with dropshipping where as a fresh store, you don’t have built up credibility.
On the other hand, with dropshipping, your store is usually in a less saturated market for Facebook ads. For big, profitable affiliate products, a lot of affiliates will be trying to run Facebook ads directly to the offers, making traffic expensive and competitive. In addition, you have larger profit margins to work with when dropshipping, which also helps make it easier to create profitable Facebook ads. This is very relevant as Facebook ads are probably the easiest source of traffic for beginners.
Question 2: What Makes the Most Money? Affiliate Marketing or Dropshipping?
Dropshipping has the highest potential to make money. The reason for this is that when you create a store and sell products in it, you are building up a list of buyers that you know are interested in the products that you sell. So if you have a store selling products related to Astrology, then you know that people who purchase items in your store are interested in products related to Astrology – and you can send out emails to them in the future promoting similar products, and make more sales/money.
With affiliate marketing, you are helping your merchant build a list – NOT you. And they will take the buyers that you send them, and they will send them a lot of emails promoting more of their products. With affiliate marketing, you are making one-off sales.
Question 3: Which is the Most Passive? Affiliate Marketing or Dropshipping?
Affiliate Marketing is a more passive business model than dropshipping. The reason for that is while you can semi-automate a dropshipping store, you still need to manage and fulfill orders. When a customer comes to your store and purchases an item, you need to go to Aliexpress, order the item and then get it shipped out to your customer. This is called order fulfillment. You also need to do customer support and reply to emails and messages left by customers. You can in-time make your business a lot more passive by hiring staff to run it for you, though you will need to manage those staff members.
But with affiliate marketing, you don’t do any of this – the merchant partner does this for you. THEY send the products out to the customers, THEY fulfill the orders and THEY answer customer emails. As long as you have a traffic source setup that is sending referrals to the merchant, the business will run on autopilot.
So which is better? The answer is neither: they both have their own pros and cons. Choose the business model that is right for you.
Learn about what is affiliate marketing and affiliate marketing ideas for small business.
Affiliate Marketing Definition: a marketing arrangement by which an online retailer pays a commission to an external website for traffic or sales generated from its referrals. (from Google)
Large Affiliate Networks
Amazon Associates – https://affiliate-program.amazon.com
CJ Affiliate by Conversant (formerly Commission Junction) – http://www.cj.com
Rakuten Marketing – https://rakutenmarketing.com
ShareASale – https://www.shareasale.com
Impact Radius – https://www.impactradius.com
ClickBank – https://www.clickbank.com
The Home Depot Affiliate Program
https://www.homedepot.com/c/SF_MS_The_Home_Depot_Affiliate_Program
Zoom H1 Recorder (Microphone used for videos)
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Screencastify for screen recording
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Our Recommended Marketing Resources for Small Businesses:
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TheFigCo on social media:
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https://www.instagram.com/thefigco/
DISCLAIMER: This video and description contain affiliate links, which means that if you click on one of the product links, we’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
About This Video:
In this video, Jeff Thelen, Co-Founder of TheFigCo explains what is affiliate marketing and gives ideas of how small business owners can use affiliate marketing to grow their businesses by providing some extra income by being an affiliate promoting products they use and love and on the other hand, how they could grow their business through affiliates or lead generation companies.
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EARNINGS DISCLAIMER:
This video is for educational purposes only. There is no guarantee that you will earn any money using the techniques and ideas mentioned in this video. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. Your level of success in attaining the results claimed in this video will require hard-work, experience, and knowledge. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment. We have taken reasonable steps to ensure that the information on this video is accurate, but we cannot represent that the website(s) mentioned in this video are free from errors. You expressly agree not to rely upon any information contained in this video. Video Rating: / 5
Are you wondering how to make money online? In this video, we will be discussing 20 different ways that you can make money from home online, some with the potential to earn you passive income!
⭐ Resources Mentioned In The Video ⭐
How To Start Affiliate Marketing: https://www.youtube.com/watch?v=xPLA4rKgwvc&t=3s
5,000 Word Affiliate Marketing Guide: https://investingsimple.blog/2018/10/11/affilate-marketing-for-beginners/
How To Make Money On Instagram: https://www.youtube.com/watch?v=iWz9UimCvmY
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I am affiliated with a number of the offerings on this channel. This includes the links above under “Ready To Start Investing” as well as other influencers I bring on the channel. This also includes the use of Amazon affiliate links.
HOLDINGS DISCLOSURE: I am long General Electric (GE), Alibaba (BABA), JD(.)com (JD), Facebook (FB), Apple (AAPL) and National Grid (NGG). I own these stocks in my stock portfolio.
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In this video learn the Best Way to Make Money Online Easy and Fast with the S3 Method. Learn How to Generate a Passive Income Online from Day one. Join my team in the S3 Method below.
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In this video I talk about Affiliate Marketing Without A Website…
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In this video I give you ideas on how to do affiliate marketing without a website. People think you need a fancy blog or website to make 1000s of dollars and you don’t.
Simply choose a profitable offer and then choose a platform to start marketing and driving traffic to your offer.
If you enjoyed this video, don’t forget to Like, Comment, and SUBSCRIBE!
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more info at http://attmarketing.co.uk/the-best-affiliate-marketing-business-model/
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So you want to start an online business but don’t have a lot of money to invest, affiliate marketing could just be the business for you! The potential is endless as you can just do it on the side for a couple hundred bucks a month or make it your full-time job and really scale it.
One thing I forgot to mention in the video is that a great place to find digital products to become affiliated with is ClickBank.
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