- Did you know that this year alone
the U.S will spend $8.2 billion on affiliate marketing?
Now I didn't come up with that number,
that's actually according to Statista
and I'm gonna put that link below so you can take a look,
my recommendation is to pay close attention in this video
because you are in a great position to get started
with an affiliate marketing business.
And in today's video, I'm going to teach you
some affiliate marketing basics.
I'm gonna talk about what it is exactly,
why you should get started, how it works,
how much money you could potentially earn,
and exactly how you can get started,
so, let's talk about it.
What is affiliate marketing?
Well, basically, affiliate marketing
is when you promote other people's products
or service in return for a commission.
Now, usually commissions are a percentage of the sale price
but they could also be a fixed amount.
For example, Amazon has an affiliate program,
anyone can sign up, it's free to sign up,
and let's say you have a YouTube channel
where you review tech gear.
You could review tablets, computers, phones, and more.
In the description of your video would be a link,
this is your Amazon affiliate link.
It's a link that they provide for you.
If someone clicks on that link after watching your video
because you did an amazing job talking about
the latest Samsung tablet,
then that link would take them to Amazon
where they can make a purchase.
And then if they purchase, Amazon pays you a percentage.
The trick here is the more videos and products
you review, the more you could potentially earn,
and you can do that in any niche.
So, why start affiliate marketing?
Well, here are three reasons
why you should consider doing affiliate marketing.
Number one, it's low risk and it's low cost, lemme explain.
It costs a lot to start traditional business
or a brick and mortar business.
You need products, you need employees, equipment, rent,
all kinds of stuff.
This makes it extremely risky and expensive.
With affiliate marketing, all you need is a website
or a social media account like YouTube,
Instagram, or TikTok.
So, if you try and things don't necessarily work out,
it's not the end of the world.
Number two, it can be fairly easy to scale this business
and make even more money.
Most affiliates promote more than one product.
When you're an affiliate marketer,
you can promote as many products
from multiple different companies
and earn commissions from all of them.
Personally, I've got five, six, I think 10 products
that I promote and you can even earn reoccurring commission,
for example, a software as a service product.
Like, there's a website building software that I promote
and people need to pay for that software every single month
in order to use this tool.
Well, guess what?
If I refer somebody, I get a percentage every single month
as long as they're still using the software.
Number three, high ticket commissions.
Now, this is what I do and I think it is the best
because you're doing the same amount of work
for a low ticket as you are for a high ticket
but you're obviously getting paid a lot more.
Now when I first started,
I promoted small ticket items that paid me 10 to $50.
Now, as my experience grew and I got more comfortable,
I now promote products and services
that pay me in the thousands.
So I'm doing the same amount of work as a $50 product
but I'm getting paid $1000 commission, not bad, right?
So, let's talk about how it works.
Every affiliate gets a unique link,
that way the affiliate can track who's responsible
for the sales.
It could be as simple as a product domain
forward slash your name or it could be the product domain
forward slash a series of numbers,
but it's unique to you and only you.
When someone clicks on that link,
something called a cookie, right, or cookies,
you've probably heard about them before
or even seeing a disclaimer on a website,
those are tracked by the merchant.
Now this is how they know the sale came from you.
Now, this worried me when I first started but trust me,
they know it's you and you will get paid
and now the fun part.
So Judd, I think I understand,
but how much money can I make?
Will I be buying a Lambo in the next month?
Hold your horses, probably not
although there's really no limit
to how much you can earn with affiliate marketing,
there are a few factors to consider.
Number one is your niche.
What kind of products are for sale in that niche?
How much do people spend each year?
You need to do your research before getting started
but the most profitable niches
and the most popular are health, wealth, and relationships.
Now that doesn't mean you can't make good money
promoting barbecue grills.
I know a guy on TikTok who is crushing it,
selling grills and even has his own cooking classes
and spices that he sells.
And as I mentioned earlier, it depends on the products
and so services you promote, plus, some companies
pay a very high commission like 50% or more
where some may only pay five to 7%,
Amazon's notorious for paying very low percentage.
So, if you are thinking of getting started
in affiliate marketing, start with your niche idea first
then simply go into Google and do your research.
What products are for sale?
Are there Facebook groups around this topic or niche?
Are there conventions and events?
You want competition, that means there is money to be made.
Above all, to be successful as an affiliate,
you need to work hard and never give up.
There are no guarantees, and this is not a sprint, people,
this is a marathon, but trust me,
it is worth it to train for this marathon.
So how do you get started?
I think the best thing is for me to share with you
kinda how I got started.
When I first started, I consumed as many YouTube videos,
just like this, as I could.
I read blog posts, I attended webinars,
I did this for a good solid year.
And guess how much I made that first year?
13 cents, swear to God.
I thought my wife was gonna kick me out of the house,
but after a good thousand plus hours
of trying to do it on my own,
I finally invested in myself and I purchased training.
Now, I'm not telling you that you have to go out
and spend money on training.
I know it can be expensive but,
I also look at it like trying to get a job, right?
I could go and work for a company
and hope to move up the rank someday and make more money
or, I could go to school at night,
learn a specific skill set that I know will get me there
a heck of a lot quicker, right?
A skill set that's in high demand
and one thing I tell my audience all the time guys,
is that the skills you learn as an affiliate marketer
will last the rest of your life.
Affiliate marketing is like the framework
to growing any business online.
If you want to learn more about how you can get started
with affiliate marketing, please check the first link
in my description below, it'll take you
to my personal webpage where you can learn more about me
and how you can get started with affiliate marketing.
Thank you so much for watching,
I look forward to seeing you in the next video.