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How To Make Money As An Affiliate Marketer: Can You Hack It?

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How To Make Money As An Affiliate Marketer: Can You Hack It?

Over 15% of people doing affiliate marketing bring in over $50,000 annually in affiliate income. That $50,000+ is passive income—a steady stream of money that takes minimal effort.

In most cases, affiliate marketing is easier to earn passive income than other revenues, like property rentals. Affiliate marketing is relatively low maintenance and high reward, making it alluring to social media influencers, bloggers, and solopreneurs with active websites.

More than 80% of businesses have an affiliate marketing program and want to find the right people to promote them.

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Could it be you?

Should You Become An Affiliate Marketer?

You can be an affiliate marketer if you’re a solopreneur, micro-SMB, contractor, gig worker, freelancer, blogger, influencer, etc. You’ll need a website or social media profile, content (e.g., videos, blog articles), an audience, and a business (aka, “the brand”) that will pay you to promote their business.

Here’s how it works: The affiliate marketer sticks a link of another business brand on their website, social media profile, blog, newsletter, etc. When a consumer clicks the link and makes a purchase, the affiliate earns a commission because they were responsible for promoting the other business’s product or service. Talk about making money in your sleep.

The high passive income isn’t the only reason people become affiliate marketers. Other benefits include increased flexibility and better work-life balance.

Some affiliate marketers take a gamble and quit their day jobs to pursue affiliate marketing full-time. Others keep the 9 to 5 and do affiliate marketing as a side hustle to generate additional revenue. The choice is yours.

How To Make Money As An Affiliate Marketer

Influencer Grace Lemire made $6,600 in one month from product advertising. Another influencer, Niccoya Thomas, received $56,000 in one month from brand partnerships.

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How’d they do it? They had followers, captivating content, and brand partnerships.

Look at these three tips if you want to make the big affiliate bucks:

1. Build Your Following

The larger your audience, the more potential consumers you can reach. Influencers making thousands of dollars per month have hundreds of thousands—or millions—of followers.

2. Partner With Highly-Rated Brands

Whether you run a blog for new moms or vlog about your travels, partner with trustworthy brands you’re proud to promote.

Look for brands with products with high ratings and great success with their customers. By finding highly-rated brands, you can drive more transactions and know you’re recommending something good.

3. Look For High Commissions

Affiliate marketers typically get a percentage commission or a flat fee per sale.

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Percentage commissions can range from 3-7%, which might be a small fee depending on the total sale amount. A 7% commission on a $200 sale is only $14; you’d need to make 72 sales to bring in over $1,000.

Look for brands that give you a flat $100+ per sale. For example, the Patriot Software Affiliate Program gives commissions of $150 for each new customer. If you made 72 sales at a $150 commission, you’d bring in $10,800!

It’s surprisingly easy to drive up your commissions when you partner with a beloved brand that pays high commissions.

The Future Of Affiliate Marketing

Affiliate marketing is a multi-billion dollar industry. As more workers leave their jobs to become solopreneurs, the more alluring the passive income of affiliate marketing becomes.

Forbes Councils Member David Gasparyan predicts that affiliate marketing is just getting started. Why? Because more influencers are finding huge success with affiliate partnerships.

The verdict is that affiliate marketing is here to stay, at least for the foreseeable future. If you want a piece of the action, start building your followers, find a partner who pays generous commissions, and start affiliate marketing today.

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AFFILIATE MARKETING

How to Control the Way People Think About You

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How to Control the Way People Think About You

Opinions expressed by Entrepreneur contributors are their own.

In today’s digital age, where personal branding and public perception play a vital role in success, strategic PR efforts have become more important than ever. Ulyses Osuna, the founder of Influencer Press, joined our show to share valuable insights on the significance of PR, the evolving landscape, and the keys to achieving business growth while maintaining a fulfilling personal life.

One of the key takeaways from the conversation was the importance of strategic PR efforts in building a personal brand and shaping public perception. Ulyses emphasized that PR is not just about getting media coverage; it’s about controlling the narrative and shaping how others perceive you. By strategically positioning yourself and your brand through effective PR, you can influence public opinion and establish yourself as an authority in your field. Another crucial aspect discussed was the power of leveraging relationships and connections.

Ulyses highlighted the “Buglight Concept,” which involves utilizing the support and connections of others to achieve success. By building strong relationships and leveraging the networks of influential individuals, you can significantly expand your reach and influence. Ulyses’s own success with Influencer Press is a testament to the power of connections in the PR world. While professional success is undoubtedly important, Ulyses also stressed the significance of balancing personal time and fulfillment. In the pursuit of business growth, it’s easy to neglect personal well-being and relationships. However, Ulyses emphasized that true success lies in finding a balance between professional achievements and personal happiness.

By prioritizing personal time and fulfillment, entrepreneurs can sustain long-term growth and avoid burnout. In the ever-evolving landscape of PR, Ulyses highlighted the need for a clear mission when seeking press coverage. He emphasized the importance of aligning your brand with a cause or purpose that resonates with your target audience. By having a clear mission and purpose, you can attract media attention that aligns with your values and goals, ultimately enhancing your brand’s reputation and reach. Additionally, Ulyses discussed the importance of pricing services correctly and finding the right balance between personal involvement and business scalability.

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The conversation also touched upon the dynamics of client relationships and the impact of showcasing external support. Ulyses emphasized the value of building strong relationships with clients and going above and beyond to exceed their expectations. Furthermore, he highlighted the importance of showcasing external support, such as media coverage or endorsements, to establish credibility and attract new clients. Ulyses’s own podcast, The Blacklist, where he shares insights and interviews successful entrepreneurs, was also discussed. He explained that launching the podcast was a way to give back to the entrepreneurial community and share valuable knowledge.

By continuously learning from others and implementing breakthrough ideas, Ulyses emphasized the importance of immediate action and continuous improvement for business growth. In conclusion, strategic PR efforts are essential for building a strong personal brand and controlling the narrative in today’s digital age. By leveraging relationships, finding a balance between personal and professional life, and having a clear mission, entrepreneurs can shape public perception, expand their reach, and achieve long-term success. Ulyses Osuna’s insights serve as a valuable guide for those looking to navigate the ever-changing landscape of PR and personal branding.

About The Jeff Fenster Show

Serial entrepreneur Jeff Fenster embarks on an extraordinary journey every week, delving into the stories of exceptional individuals who have defied the norms and blazed their own trails to achieve extraordinary success.

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Set Your Team up for Success and Let Them Browse the Internet Faster

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Set Your Team up for Success and Let Them Browse the Internet Faster

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

According to TeamStage, 31 percent of employees waste about a half hour each day, and the top 10 percent of them can waste as much as three hours in a day. Part of that might be attitude, but the other part might be hangups caused by internet speed and advertisements. To nip that lost time in the bud, consider equipping yourself or your team with a tool to help stay on task.

From April 15 through 21, this five-year subscription to Control D Some Control Plan is on sale for just $34.97 (reg. $120). This is the best price for this deal online. This tool is designed to help users browse and use the internet faster while also blocking ads.

Control D is described as a “one-touch solution” for taking control over the productivity of your computer and internet usage. The deal supports use for up to ten devices, and it empowers each user to block advertisements, enjoy faster browsing, and set internet safety rules and restrictions for kids.

Control D’s bandwidth is substantial. It can accommodate up to 10,000 custom rules, block more than 300 servers, support multiple profiles, and unlimited usage. This robust and well-designed tool is a reliable option for any business leader who wants to liberate themselves or team members from distractions online.

Control D is rated a perfect 5/5 stars on Product Hunt.

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Remember that from April 15 through 21, this 5-year subscription to Control D Some Control Plan is on sale for just $34.97 (reg. $120)—the best price on the web.

StackSocial prices subject to change.

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Grab Microsoft Project Professional 2021 for $20 During This Flash Sale

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Grab Microsoft Project Professional 2021 for $20 During This Flash Sale

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

If you’re in charge of a business and you don’t have a clear understanding of how to approach projects in an organized and effective manner, that’s a problem. Like many leaders before you, consider leaning on software that’s designed to streamline the project workflow for companies representing a wide range of industries.

A rate that will only be available from April 19 through 22, you can get Microsoft Professional 2021 for just $19.97 (reg. $249).

This well-reviewed software comes with a range of pre-built templates that you can use to set your project off on the right foot. It supports a number of helpful functions like building complex schedules with varying timelines, auto-populating those schedules in instances where it can, and submitting timesheets that can be distinguished by project work and non-project work.

Some additional features of Microsoft Project Professional that can help entrepreneurs and their teams include what-if scenario generation capabilities. Microsoft Project Professional also allows you to sync projects on your local server with those online, which is massively helpful for remote teams.

Its comprehensive and well-curated offerings are part of why Project Professional is rated an average of 4.7/5 stars on the Entrepreneur Store.

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Don’t miss this limited-time opportunity to make a worthwhile investment in your business for the price of a beer at the ball game.

A price that will only last from April 19 through 22, you can get Microsoft Professional 2021 for just $19.97 (reg. $249).

StackSocial prices subject to change.

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