Welcome to the third passive income stream called Affiliate Marketing.
The reason I have this third is that, in my opinion, it’s the harder of the 3 to get started making money.
That being said, it’s still my favorite source.
The reason is that it doesn’t cost you anything to get started and you don’t have to create anything yourself.
It does take longer to start making money with affiliate marketing, but once you’ve set it up the right way, it becomes completely passive.
Watch this video for full details:
What Is Affiliate Marketing?
Affiliate marketing is basically where you promote someone else’s product and receive a commission anytime someone buys through your link.
It’s pretty much the ultimate passive income machine.
All you really have to do is pick a profitable product (anything on Amazon, digital products, software, etc) and start sending people to your link.
The best way to drive people to your link is through YouTube, social media, and blogging.
The other 2 passive income streams can be done behind the scenes, but with affiliate marketing, it is a lot easier if you build a brand.
Essentially, what you’ll have to do is create content (videos, articles, social media pages) in a certain niche and recommend different products and services.
You can do product reviews or how to videos that incorporate your affiliate product.
I have articles and videos from years ago still making me money which is pretty cool.
How Much Does It Cost To Get Started?
The cost to get started will be anywhere from 0-100.
You can get started for free if you’re short on cash, but if you really want to do it right, 100 bucks is a good starting base.
There are some paid tools that can take your affiliate business to the next level, but creating free YouTube videos is perfectly fine to start with.
Timeframe To Start Earning
The average timeframe to start earning (if you’re brand new) would be about 30-90 days.
The reason is that you need to have some way to drive people to your affiliate links.
The best way to do that is by building yourself a brand on YouTube or social media.
This obviously takes time, so the quicker you can build up your brand, the quicker you can start getting paid.
But as an average, you can expect to start making sales within about 1-3 months.
The potential income for this is $1,000,000 per year.
It’s not going to happen overnight, but if you consistently stick with it by creating new videos and articles, it is possible to get there.
How To Get Started
There are 3 phases to building your affiliate marketing business. Start with phase #1 and move on to the second and third when you’re able.
Phase #1 (Niche, Product, YouTube)
Step #1: The first thing you’ll need to do is pick your niche.
It’s important to stick to 1 topic when you’re first starting out.
DO NOT try to do health videos, wealth videos, and fitness videos.
Stick with 1 at a time and then you can branch off later on.
The most popular niches are health, wealth, relationships, pets, and entertainment.
Try to go deeper into each niche…
- In the health niche, you have men’s fitness and muscle gain.
- In the wealth niche, you have Amazon FBA or cryptocurrency.
- In the relationships niche, you have dating for 20-year-old males.
- In the pets niche, you have dogs, cats, etc.
- And in the entertainment niche, you have survival, fishing, hunting, golf, etc.
The niches I’m mainly involved in are making money online, sports, and a health topic.
Step #2: Once you have your niche, the next thing to do is pick the products you’d like to promote.
It’s important to pick products that would actually help your target market.
You can simply Google “your product” affiliate program, and things should come up.
There’s also Amazon Associates (for anything on Amazon), Clickbank (for digital products), Market Health (for health products).
Step #3: Next, you’ll want to create your YouTube channel.
This is pretty much a must-do these days.
I currently have 3 Youtube channels and only show my face in 1.
You can do review videos where you actually review different products in your niche (that’s what I do it the golf market).
You can also do how to videos and recommend different products that might be useful (my make money online channel).
The way you do that is by putting your affiliate links in the description.
For example, “how to cut wood” and recommend an ax from Amazon.
It’s important you focus on solving the viewer’s problem.
Whether that’s getting more info on a certain product or how a certain product can help solve their problem, that’s what your content should be on.
Look up popular YouTube channels in your niche and look what they’re doing.
Chances are they’re promoting affiliate offers as well.
The more quality videos you put out the faster you’ll start earning.
Phase #2 (Blog)
Step #4: As soon as possible, you’ll want to create a blog and start posting articles.
The 2 biggest search engines on the internet are YouTube and Google.
Your videos will rank on YouTube and your articles will rank on Google.
All you have to do is post the same content in your video in written form.
Before you freak out, it’s actually super simple to create a blog (literally under 10 minutes).
What I like doing is writing a blog post and then turning that into a video.
I get all the key points written down and organized, so all I have to do is cover what’s already in the blog post.
I did a video showing you exactly how to create a blog for yourself, which you can watch here.
The more quality articles you put out the faster you’ll start earning.
Phase #3 (Sales Funnel)
Step #5: Create your sales funnel with Clickfunnels.
This is how you’ll start building your email list (your most important asset).
If you want to take your affiliate biz to $100,000+, a software like this is 100% needed.
Once you start making some money with your channel and blog, this will be your next step (super important).
This, along with step #6, will automate 95% of your biz and do all the telling and selling for you, so it’s freakin’ important to get this set up ASAP!
Your main goal with your articles and videos is getting people on your list…
Once they’re on your list, you can send them to all your existing content and affiliate offers.
Without this, people will come to your site or videos, watch them, leave, and never communicate with you again…
Who the hell wants that??
That’s why you gotta build your email list.
How do ya do that?
- Find out what you subscriber might want and give them the solution in an easily consumable piece of content (short PDF, video, etc).
- People opt into your list in exchange for that content.
- That content is entertaining and solves their problem.
- And it also has your related offers in it.
Watch this webinar to learn how to create your sales funnel, 10x your affiliate income, and get a free trial.
Step #6: Create your autoresponder and start earning $$ while you sleep!
After you collect people’s emails and send them the free gift they opted in for, you need a way to automatically send emails to them without having to do a damn thing!
It’ll drive people back to your content and also to your offers.
Your content will start ranking higher because more people are viewing it…
…and that results in more $$.
I use the Convertkit Autoresponder to automate the selling process in my biz.
Where To Learn More?
The first thing I’d recommend if you’re actually serious about building a successful $10,000 affiliate business is to watch this webinar.
It’s gonna give you a more in-depth strategy for building a $10,000 per month affiliate marketing business.
The free info is super valuable and there’s also an offer to join their training program at the end if you’re actually serious about this.
What’s cool is they actually include and do all the sales funnels, autoresponders, and blog posts for you (which will save you HOURS).
I’ve been through their stuff, and it’s all gold.
From here you have 2 options.
You can either go with trial and error going through all the Youtube videos out there for free and or invest in a program that will guide you along.
Time vs money.
But even if you take the time-consuming route, I’d still recommend watching this webinar to get a better understanding of the framework needed to be successful.
P.S. If you decide to join through the link above I’ll include a free 1-hour coaching call to help you through the process. Just screenshot your receipt and shoot me a message here on Facebook.
Hope you enjoy, and let me know if you have any questions!
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And for more tips & tricks on how to make passive income make sure you check out the following: