Here I will show you how to maximize your Earnings Power Play.
Why Earnings Power Play?
Since you are here, you most probably already know that a Power Play in hockey results when one team has an advantage with more team members on the ice than their competitors. I’m going to show you how you can gain an advantage and Power Play over your online competitors with Wealthy Affiliate.
The information surrounding how affiliate marketing works is often outdated and confusing, so I will attempt to simplify and clarify the process as much as I can. In actuality, it isn’t that hard–since you are obviously reading this, you have a PC, tablet, or cell phone, so if you have the drive to succeed, you are as capable of creating an affiliate marketing business as I am.
So if you have a few minutes, I am going to show you how Kyle and Carson have built a successful affiliate marketing businesses over the years and helped literally 100,000’s of people do the same through the WealthyAffiliate.com platform that they co-founded in 2005.
How does that work? Well, let’s have a look at the process of affiliate marketing, and then we’ll be jumping directly into the process of what and how to start an YOUR own affiliate marketing business and how you can get started TODAY, building your own business online–with no experience required.
How Affiliate Marketing Works
I want to show you the good information there is, separated from the confusing and sometimes simply bad information that exists concerning affiliate marketing.
Kyle and Carson have been running successful businesses within the affiliate marketing space for the last 20 years, and to be honest, during this time not a lot has changed . The same “simple formula” that worked 20 years ago still continues to work today. Your job as an affiliate marketer is to align just two things–your product and your customer. That’s all there is to it!
Here is a diagram outlining how affiliate marketing works (borrowed from Kyle, with his permission):
Now this is oversimplified just a bit, but for a reason. I don’t want you to be scared of the word “affiliate marketing”, because you are just as capable of creating a full-time and very successful affiliate marketing business as I am. All you need is the right training, the right guidance, and the tools necessary to get you there.
The thing is, affiliate marketing at it’s core is very simple. There are a few terms that you need to become familiar with:
Affiliate (YOU). You are the affiliate, this means that you can join companies like Etsy, eBay, Walmart, Amazon (and 10,000’s of others) and promote their products and services. When you join these companies’ Affiliate Programs, they will give you a special “affiliate link” that is exclusive to you, and allows them to know that you sent them a customer and also for you to track all of the sales you generate.
Affiliate Program (companies like Walmart, Amazon–even Wealthy Affiliate!!!). Most companies have an affiliate program, 99% of all of the brands in the world in fact can be promoted online and you, as an affiliate, can earn a commission. As one of the biggest affiliate programs in the world, Amazon will allow you to promote MILLIONS of products with a single account. That is only one example.
Earning Affiliate Commissions. Affiliate programs will pay you a commission if you can send people to their website, and they end up buying something. Say you send someone to Amazon through your affiliate link, and they end up buying a fridge, Amazon will pay you a % of the total sale. Amazon offers around 3-6% commissions, so a transaction like this may yield you $50-100 (depending on the price of the specific item). Commissions paid are generally between 2% and 75%, depending on the company and affiliate program.
Unlimited Potential. As an affiliate marketer, your potential has no limit. The more people you can get buying through your affiliate links, the more money you make. Affiliate marketers make from several hundred to several million dollar per year. Anyone that is willing to put forth the time and effort to build an affiliate marketing business can do the same. But HOW do you build an affiliate marketing business? I am going to cover that in the next section.
The 4-Steps to Starting a Successful Affiliate Marketing Business
So how can YOU begin to create your own successful affiliate marketing start-up? There are actually only four steps to creating a successful affiliate marketing business. If you can follow these four steps and have access to the training, tools and support necessary to start and run your business (which I will be helping you with), you are going to be off and running!I am not only going to be giving you the exact steps, but I will be helping you understand how to follow the process to accomplish these steps.
Step 1: Choose an Idea.
The first thing you are going to need to do before you start the build out of any business, is to come up with a subject or an idea for your business, called a “niche”. The “niche” stage of your business is where you get to choose the category of your business, and as a result, the audience that you will be addressing. This could be anything, from cooking, to sports betting, to fashion, etc. Here is the exciting part–there are literally millions of potential directions that you can head with your business.
The best recommendation is that people choose something that they are passionate about or very interested in as their niche. This way, you will truly love your business, and when you love what you do, you never have to “work” a day in your life. This is a fantastic opportunity for internet marketers.
How to Choose Your Idea: Choose a niche or a passion. Even the most obscure niches have vast audiences since there are in the neighborhood of 5 BILLION people online now. As a member of Wealthy Affiliate, you will have video classes walking you through the niche selection process along with direct help from all of us in the community (and Kyle himself) who can give you feedback on your niche.
Step 2: Build a Website.
Your website is your foundation of your business. Think of it like a shop within the offline world. If you have no “storefront”, you don’t have the ability to attract and help customers, or the ability to sell anything. Your website is in essence your storefront, where you are able to help your audience, communicate with your audience, and promote products/services to your audience.
If you don’t have a website, you don’t stand a hope of running an online business. It is the first and key necessity you need to creating a long term business.
How to Accomplish: You can build high performing and profit-ready websites with ease, at Wealthy Affiliate. You can even get up and running with one for free, within the Starter Member account (with no credit card required!!!). Another perk to using the website platform over at Wealthy Affiliate is that their hosting (where your website lives) is high speed and ranks better than other providers. This can give you a competitive advantage and can lead to a lot more opportunity as you build out your website.
UPDATE:
In February of this year, 2024, Kyle, Carson, and the staff at Wealthy Affiliate brought about the most advanced update yet…HUBS! You have to see it to believe it! Incorporating AI, HUBS lays out suggested categories, and for each of those, a series of suggested articles for you to focus on and write about.
Here is Kyle’s announcement for HUBS and AI Authors
Step 3: Get an Audience.
In the Internet world, your website is also the place where your “traffic” will arrive. Without people coming to your website, there is no way to make money. So it is important to understand how to attract traffic to your website.
Traffic can come in many forms, but one of the most sustainable and long term traffic methods is through search engine optimization (or SEO). This means, getting ranked in search engines like Google, and as a result getting all sorts of FREE traffic to your website. Once you have traffic, you have opportunity.
So this is the next focus, once you have your website up and running. Building out your website in a way that leads to traffic, by adding content–blog posts that you write to help people and add to your website.
How to Accomplish: You need proper “traffic” training, along with a website that is set-up to rank well within search engines. These are both things that are provided within Wealthy Affiliate, you have access to elite SEO training, along with classes and access to experts that will personally hepl you with your traffic campaigns.
Plus, there are many other ways you can get traffic to your website as you build it out. Social media channels, YouTube and video blogging, podcasts, and paid traffic channels. These are all covered in detail within the training at Wealthy Affiliate.
Step 4: Make Money.
Last but not least, the “make money” part of your business. This is where you earn money through affiliate programs. Basically there are over 550 MILLION products/services that you can promote as an affiliate marketer, in exchange for a commission. You will be adding these special links on your website from companies like Walmart, Amazon, Etsy, Nike, Apple, eBay, etc…and you will then earn a commission, if someone goes from your website to theirs and ends up buying one of their products.
The affiliate marketing industry is growing at the fastest pace ever, and affiliates stand to earn $12 BILLION online this year…with this growing even more next year. You can get your chunk of this pie.
How to Accomplish: Finding affiliate programs can be an inefficient task at the best of times. You typically have to go through a bunch of Google searches, just to find what you are looking for. Within Wealthy Affiliate, you have instant access to an Affiliate Program search where you can search through 10,000+ affiliate programs, across some of the top affiliate networks online.
Not to mention, the training you will be getting on how to properly integrate affiliate promotions into your website to maximize conversions….along with some insight into the customer purchase lifecycle, critical information if you want to become a high performing, and successful affiliate marketers online.
So there you have it, how to effectively start an affiliate marketing business in a nutshell. If you are interested in creating your own affiliate marketing business and have no experience, or you are currently trying to build out or scale an affiliate marketing business and you are not getting the results you want, not only will I make sure you get the help you need, but Kyle CAN PERSONALLY HELP (and often does):
Again, Kyle has been at this 20 years full-time and you can immediately connect with him or me within our homebase, WealthyAffiliate.com Upon creating your account, you will get access to the training, websites, hosting, research tools, networking, mentorship and direct support.
It’s also free to try, you can get a “test drive” Starter account for no cost…no credit card required. I highly recommend if you are even the slightest bit interested in becoming an elite affiliate marketer, you get rolling right now with your account. We will be reaching out to you within 30 minutes or so, of your joining. 😉
===> Click Here to Create Your Test Drive Wealthy Affiliate Account!
And if you have any questions you want to leave here for me, feel free to do so. I will make sure I get back to you as soon as I can (usually within a few hours).
