So in this article, I’m going to be explaining how the Philly at marketing industry works in exactly what affiliate marketing is I’ll be defining terms for you and I’ll be boarding everything for you right on this whiteboard right here. Affiliate marketing is sort of a jargon-filled complicated industry they’re all these terms advertiser publisher traffic source.
Cetera that have no meaning to people in normal day life but I’m gonna attempt to really break things down for you in a way that you can understand I’m gonna be using multiple examples and diagrams on this whiteboard to help you understand this territory this will be especially interesting for you if you want to get into affiliate marketing it’s the very lucrative world.
What is Affiliate Marketing
I do affiliate marketing myself and run a multimillion-dollar business I started earning millions of dollars in my young twenties and you know hopefully this will give you a good basis for understanding this industry so the first thing you want to understand about affiliate marketing is what it is it’s commission-based marketing it’s selling products on a commission-only basis online now it’s very similar to door to door salesman or salespeople selling used cars for telemarketers basically these are people that are calling you on the phone or that are going door to door.
They’re selling the encyclopedia Britannica 100 years ago now the salespeople would say Hey you could buy the encyclopedia Britannica for your family it’s 100 Bucks and if they sold the encyclopedia Britannica to you $100 went to the company and you know maybe they pocketed $50 or something like that whatever it was the company kept some money customer paid the money to make that happen the same thing with selling cars if you buy a car from a salesman on lock for $1000 maybe $800 of that is going to the car lot and $200 that is going to the salesperson and you know it came from the customer now in affiliate marketing it’s very similar it’s almost the exact same thing your company you have a.
Customer and you have an affiliate now the company gives the product to the customer and the customer gives the money to the company the affiliates job is to connect the company with the customer and in return, the company pays the affiliate some money and the affiliate connects the customer with the company right so it’s a big triangle you know it’s a pyramid scheme.
How to do Affiliate Marketing
It’s pyramids no it’s not the pure image we could turn it on its different it’s just basic commerce okay it’s direct response sales now what we call it in affiliate marketing is there are companies that has offers that’s what we call the products that they sell so, for instance, let’s say going back to the encyclopedia Britannica example the company that sold encyclopedia Britannica’s might have other things that the salesperson could sell the person they might have encyclopedia Britannica as they might also be selling tutoring services to help people’s.
children learn English learn history so you know as an actual service to help people you know to learn more a company can have multiple offers they can have multiple products that they offer commissions on now generally speaking there are tens of thousands if not millions of companies that have affiliate programs it gets very complicated to find all of the different affiliate programs that somebody might want to market so the way it works is we have what’s called affiliate networks so what is often the case is an affiliate is working with an affiliate network now an example of an affiliate network is Clickbank share sale a van gate commission junction Amazon is an affiliate network.
Walmart has an affiliate network eBay has an affiliate network target has an affiliate network with lots of different products from lots. Of different sellers that you can earn a commission on so an affiliate might log into let’s say Amazon Amazon’s affiliate network and they can find any product that they want to market all in one place you can choose a lot of different ideas of products to market now again the way affiliate is marketing to the customer is through what’s called a link or URL.
Some other videos if you want to learn the basics of doing affiliate marketing I’m gonna have my system put up a card on this YouTube video so you can go see my playlist on YouTube my free course on how to do affiliate marketing or you can subscribe to my channel and you’ll get my free course on how to do affiliate marketing but you’ll get a link and you can advertise that link on Facebook posts.
Snapchat on Instagram you could put on you know to send it to somebody through a text message you can send a link to somebody 3 mail it doesn’t really matter how you send the link out you could put on a postcard and mail it.
Somebody it doesn’t matter what matters is that somebody clicks on it that’s how you connect people with these companies now when a customer buys a product from one of the companies that you recommended let’s say they bought a product on Amazon that you recommended they bought this book what the affiliate network will do is they will pay you the money the customer
Pays the affiliate network let’s say $2 signs and the affiliate network will pay you $1 sign so they get money and you get some of it you get that’s your commission for making that connection now some examples of affiliate marketing companies to make it really dead easy in your mind. R. let’s say Expedia.com if you’ve ever booked the flight online and you’ve used Expedia Priceline Orbitz or any of the other companies that you can book flights through all of these companies our affiliate marketing companies Expedia.com does not own any airplanes they don’t own any flight patterns.
Expedia is an affiliate you go to Expedia.com and you buy from one of the airlines you are paying United or American Airlines some money. And for making that connection for Expedia.com making that connection they are getting a commission for connecting you with that flight to you some more examples it is the same logic with Airbnb or uber these are affiliate marketing companies Airbnb does not own any hotels bird does not own any cars what they’re doing is they’re simply connecting you with.
somebody who is willing to rent out their place or they’re connecting you with somebody who is willing to drive you someplace and uber or Airbnb is making a little commission on making that connection again they don’t own any inventory they are simply making that connection you can be an affiliate marketer and all you need is a link to make that connection and you can earn a bit of commission if somebody uses your service now.
Hoover does not earn any money if you don’t get a ride anywhere that makes sense right you just install the app uber doesn’t make any money we were only makes money if you hire a driver to drive you somewhere so that’s what affiliate marketing is in a nutshell now I hope that explains things it’s a bit of a complicated world but it’s really easy when it comes down to it you’re just making connections and you’re getting commissions for helping make those purchased connections just like Airbnb just like uber just like hotels.com or cars.com um or any of these other companies.
Expedia it’s a very simple industry now if you’re looking to learn more about affiliate marketing that’s what my business is I make a lot of money doing it and I have a lot of friends all over the world doing its easiest business to get started no fires no technical skills no inventory and allows you to live a life of freedom of location of time I wake up whenever I want and I can be wherever I want that my wife allows me.
The point being if you want to learn more about this make sure you subscribe to my channel and hit that notification bell you’ll get a free course on how to get started with affiliate marketing now if you like this video as well make sure to comment and tell me what would you like to learn about Max it also pushes that life but if this is been held for you in learning in your journey in any way.
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