What is Affiliate Marketing for Passive Income

Passive income. That’s the dream, right? Make money while you sleep. For 99% of people, affiliate marketing is how they get started. In this guide, we want to dive deeper into what affiliate marketing is, what sides there are to it, how to get started and gain up to $50.000 per year. So, let’s dive into our affiliate marketing guide. Ready?

What is Affiliate Marketing

Ever since the 4-Hour Workweek was released, everyone seems to have the same goal.

To wake up in the morning, open their laptop or mobile, and look at something like this:

Affiliate Marketing
Source: AM Broker Partners Reports

The idea behind it is that you promote other people’s products, often through an affiliate network, earning a commission if people actually end up buying thanks to your marketing.

It’s based on revenue sharing. If you have a product and want to sell more, you can offer promoters a financial incentive through an affiliate program. If you have no product and want to make money, then you can promote a product that you feel has value and earn an income from it as an affiliate marketer. 

So what is affiliate marketing?

Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each successful referral.

Steps to becoming an online affiliate marketer

Similarly to becoming an entrepreneur, there are also a few steps that you can take to start your journey as an affiliate marketer.

  • First, you need to start reviewing products in your niche. That can be done on a YouTube channel, on a blog or even just using live streams on.
  • Second, you have to collect emails, so that you can connect with your audience at any time you want and don’t have to hope for them to see your content.
  • Third, you can use joint venture webinars to make a lot of sales in a short period of time, while simultaneously growing your email list and creating new content.
  • Finally, once your affiliate marketing business starts making money, you can scale your growth with pay per click advertising.

Step 1: Review products in your niche

It’s easier to get started as an affiliate because you’re skipping the ‘have an idea’ and ‘creating an idea’ parts of becoming a merchant.

You already use and like plenty of products, so all that you have to do get started is to publicly talk about them.

Start by looking at the trusted partners with a zero start-up cost, because that’s what you’re trying to start in this step.

Any product may work, but a forex affiliate program is these days one of the most rewarding for affiliate marketers all over the world.

Really. No other industry offers thousands of dollars for a successful referral.

The author can relate to the product, as he needs to trade on his own too. And, if he does his research well, the blog not only ranks highly in the search engines but also actually helps traders to find the best broker for the job.

Whatever you’re reviewing, make sure that you do the same.

If your reviews aren’t genuinely helpful, people will sense immediately that you’re just trying to make a quick buck.

Remember that involved affiliate marketing is by far the most profitable because you can actually relate to the product, instead of just promoting something that might make you a lot of cash.

When you don’t even know the product, how can you credibly promote it? When you write reviews on your blog, you can use an affiliate link to link to the products that you promote.

You can recognize them on other blogs by the long “/ref…” tail, at the end of the regular link.

This is usually the first step to start making commissions.

Simply sign up to Partnerships and you can then proceed to get your own affiliate link to any product/page.

Just go to the Affiliate Programs section, open an account and click on “Your referral link.” You’ll get a link that’ll give you a commission - up to $2.000 per successful referral or up to 50% revenue share - if people sign up through it.

Source: AM Broker Traders Room

However, if you only rely on people using the affiliate links in your reviews, that means that you need lots of traffic to actually start making serious money.

But, if you find a way to contact your audience directly, you can market to them whenever you like, not just when they come to your website.

This is where step 2 comes in. 

Continue reading or join the affiliate marketing start-up Hub today

Step 2: Build an email list with your prospects on it

Email is still one of the best marketing channels today, so don’t miss out on it. We’ll show you 3 super easy ways to collect email addresses from your website visitors.

A Hello Bar puts a call to action on top of your website. Whenever someone visits your website, they’ll see this bar at the top. You can offer them an ebook (maybe bundle together your 3 best product reviews) or a special review video. Once they click on your Hello Bar, you can redirect people to the page where they can enter their email in exchange for the content.

You can also use Hello Bar to create an Exit Gate. This is a popup that will lay over the screen when visitors are about to leave your website. It is triggered by their mouse moving to the top area of the browser: You can redirect people to your lead magnet and get their email address this way. 

Many blogs completely clutter their sidebar.

Don’t do it.

If you give your visitors 20 things to do, it’s unlikely that they’ll do anything at all. Just have one call to action in your sidebar. Again, it should offer people something in exchange for their email address.

Since you’re collecting email addresses around a very specific topic, such as finding the best straightening iron, juice maker, mini-oven, etc., you don’t need a lot of them to make the email list worth your time.

Even with less than 500 people on your list, you can create significant sales.

Just make sure that you keep your audience engaged, by sending them regular updates, ideally once a week.

Don’t make it all sales. Just let them know when you have a new review up.

Every now and then, send them a specific call to action to buy a product. Perhaps you just found a new favorite in the latest review and think it’s really great.

You can update your audience on your change of mind, the reasons why and recommend that they switch to that product also.

But, there’s more. Once you have a few contacts on your email list, you can do this. 

Step 3: Educate your audience with live webinars

Webinars are awesome.

Imagine that you want to buy a new fridge. What makes you want to buy a fridge more:

  • Reading a review on a blog
  • Seeing a live presentation of a fridge in action

Number 2 of course!

Using advanced affiliate marketing tools, like a powerful Landing Page Builder, you can create and publish a simple landing page where people can sign up for your webinars.

Promote your webinar on social media for a week in advance and get people to sign up.

Then, you can very easily host a Google hangout that is completely free, to stream your webinar live to your audience or you can use your partner services.

Webinars are great to engage with your audience one on one, show them the product that you’re promoting live and answer any questions that they might have.

You can:

  • present the product’s features
  • show different use cases of the product
  • talk about its benefits and drawbacks
  • tell people your personal history with the product
  • help your audience get the most out of it

and much more.

Imagine how fired up your audience will get when they see all of the cool things that your product will enable them to do.

Pointing to your affiliate link and sharing it at the end of the webinar is a soft sell and comes naturally since you just spent an hour talking about the product.

It won’t feel forced and your consumers can still take all of the time that they want to make up their mind on whether they’ll actually purchase.

Pro tip: Can you get your Partner to give you a special deal for your audience? If you promise to get their product in front of a couple of hundred people, they’ll often happily give you a discount or special bundle to further incentivize people to buy.

Step 4: Grow your business with PPC advertising

Once your affiliate marketing business starts to picks up steam, you can start thinking about paid advertising.

We’re not going to show you how to do it here since it is a service only for active partners, but remember: only do this once you have a way of making back your money.

Conversions are all that matters here.

You can use PPC advertising to:

  • get people to sign up for your webinar
  • grow your email list
  • make more sales

For example, if you Google “get people to sign up for your webinar.

For example, if you Google “what is forex and how does it work” or "how to trade forex" you can see that brokers themselves are advertising for this keyword, running Google ads, promoting their conditions, education or brand.

So, keywords related to learning about your product or topic would be a good start.

You can also target your competition. This is an easy way for you to get in front of someone else’s audience.

Now, while you could try to target people who are just trying to find a review of your product, you’d probably be better off improving your SEO.

The percentage of people who buy straight through your link after reading a review may be low, so imagine paying for these reads. Depending on the product price, you get from $300 up to $2000 dollars per sale, so the margin you can spend on paid ads is not very big, meaning you may need some free, organic traffic.

There is a better alternative for paid ads. They’re cheap. They’re effective. The targeting options are so vast and precise that finding new customers is easier than bullseyeing womp rats in your T-16 back home.

We’re talking about Facebook lead ads: If you’re not familiar with them, lead ads are Facebook’s answer to the jaw-dropping amount of time the average person spends on his or her mobile device. It’s no secret that conversions from paid channels tend to take a hit on mobile, so Zuckerberg & Co decided to eliminate one of the most prohibitive steps for would-be converters: visiting your website.

Instead, with lead ads, you just choose from the menu of targeting options, create a lead form, and watch the (significantly cheaper) scorching hot leads roll in. They can be used to acquire all sorts of information, from potential consumers anywhere in the funnel.

In most cases, your best off promoting sign-ups to your email list.

As a matter of fact, getting people to sign up for a webinar with ads is the best way to go.

You will win in 3 ways:

  • They’ll be on your email list and you can contact them again at any time
  • There’s a chance that they’ll attend your live webinar and buy the product
  • You can put them on an autoresponder email sequence that encourages them to buy

For example, you can run webinars and put them right on your homepage or on a partner dedicated sub-domain - for FREE in this case. As soon as visitors opt into the webinar, start sending them a series of automated emails. On those emails, offer them other courses and free tools, like a webinar course, where you’ll learn how to benefit from the opportunities online trading and investing provides.

If they opt into those, you’ll be sent email lessons over several days. In the end, you invite them to open an account and start trading.

After they’ve already learned a lot about trading, you’ll introduce them to a more advanced course that’ll teach them how to subscribe to copy deals of successful traders or share signals with others and get paid.

You can even show a behind the scenes walk-through of the course, so they get a sneak peek.

Once you know how many people will end up registering, you can easily calculate how much you can spend on ads to get people to sign up.

So, with this strategy, you have several chances of getting your consumers to buy your product.

They have a chance to buy after the autoresponder series, on the webinar, and from future emails, calls.

When your sales start coming in from that many sources and begin to grow, that’s when you can really blow up your business with paid advertising by just driving traffic to the sales mechanisms that already work.

Affiliate Marketing Conclusions

Time to recap what is affiliate marketing and how does it work.

The more common and slightly easier route to a part/full-time successful business is becoming an affiliate. The more common and slightly easier route to becoming a successful affiliate is a forex affiliate program. There are also 4 steps that you can follow:

  • Starting to review products in your niche
  • Building an email list
  • Using live webinars to educate your audience and make sales
  • Growing your affiliate business with PPC advertising

Affiliate marketing is a good way to get started with online marketing. The forex affiliate program is the best way to get started with affiliate marketing.

>> Time to start

affiliate marketing

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Categories:  Education