AFFILIATE MARKETING
One Way to Start a Lucrative Career From Home That Could Pay $50,000 in a Day
Opinions expressed by Entrepreneur contributors are their own.
This article was written by Mike Peters, founder of the Yomali group of companies, XPRIZE Foundation board member, and an Advisor in The Oracles.
We’re in the midst of a difficult time in history. The COVID-19 pandemic is causing a health crisis, and both the economy and jobs are suffering as a result.
While many of us can work from home, others cannot. But if a silver lining exists, perhaps it’s this: Now is the perfect time to learn a skill or launch a new career. Affiliate marketing gives you that opportunity.
So I spoke with Anna Gita, CEO of MaxWeb, our affiliate marketing network. Here she explains how to start a potentially lucrative career by working from home as an affiliate marketer.
What is affiliate marketing?
Affiliate marketers are “traffic partners” who help online companies get customers and are paid a commission for every sale they send to a brand’s website. You can work with big brands like Victoria’s Secret and small brands that sell products on Amazon.
Affiliate marketers aren’t just social media influencers or bloggers. Have you ever shopped for a product online and then seen ads for similar products on Facebook the next day? That’s affiliate marketing. You can also use any traffic-generating approach like email, Google advertising, and TikTok.
Why is this a good opportunity right now?
Affiliate marketing can be a lucrative business with real financial stability, and there’s great growth potential because it’s a relatively unknown opportunity. It’s similar to starting an Amazon business but simplified because you’re selling others’ products instead of your own.
Getting started is low-risk because expenses are minimal. You can market to your existing social media followers for free or set daily spending limits like $20 on Facebook ads while testing what works.
You can get paid $100 per customer; so if you send 500 customers in one day, that’s $50,000 — which is what many affiliates make.
But what’s especially relevant today is this: You can work from home and get started by investing just a few hours a day. Many courses and resources can help you learn and practice as a side hustle while maintaining your day job.
Why do companies use affiliate marketers?
When brands spend money on advertising, they’re paying for “traffic” or website visitors, but there’s no guarantee it will convert into paying customers.
Rather than hiring a marketer or figuring out how to get customers on their own, brands can leverage affiliates’ expertise for attracting customers with a performance model where they pay a predefined commission per sale, meaning they invest nothing upfront.
What do you need to become an affiliate marketer?
All you need is a laptop and an internet connection; but to succeed, you also need a growth mindset. With a fixed mindset, you get stressed out when faced with a problem; with a growth mindset, you’re excited about learning new things.
If you enjoy learning, you’ll do well. Like any new business, you have to put in the work and teach yourself, but it’s relatively simple. If you’re committed to investing a few hours a day, that’s more than enough.
How do you start?
First, choose what kind of affiliate marketing you want to do. I recommend starting with something easy, like Facebook or Google advertising. You don’t need an email list or Instagram followers to be an affiliate marketer, but if you have them, take advantage by focusing on email marketing or Instagram.
Stick with just one platform and focus on mastering it. You can do your own research on forums like OfferVault and Stacked Marketer. Then once you have a stable income, you can expand your horizons by learning new platforms.
While you can work directly with brands, it isn’t easy — especially when you’re new, and they don’t know or trust you. That’s why affiliate networks like MaxWeb exist.
What are affiliate marketing networks?
Affiliate networks bridge the gap between brands and affiliate marketers. They provide language (copy) and graphics you can use, a unique link to track your conversions and other metrics to improve your campaigns. They also ensure the brand websites are optimized, so your visitors convert into customers and you get paid.
How do you find the right network?
Choose a network that has a good reputation and offers tested content and creative, tracking and tech support, and reliable cash flow. Look for networks that test everything for you and will pay you on time, at least weekly. Research “affiliate marketing networks” for recommendations and reviews; online communities and Facebook groups are an excellent resource.
Don’t worry about making $50,000 per day initially. Focus on earning the equivalent of your annual salary while working fewer hours. Earning a few hundred dollars a day is achievable with a growth mindset and effort.
No matter what uncertainty you’re experiencing right now, I’m here to tell you: it will improve, and a lucrative career is possible.
Connect with Mike Peters and Anna Gita on LinkedIn or visit MaxWeb.
Want to share your insights in a future article like this? Join The Oracles.
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AFFILIATE MARKETING
Cyber Monday 2023: The best extended deals from Amazon, Walmart, Best Buy, Apple and more
As a participant in multiple affiliate marketing programs, Localish will earn a commission for certain purchases. See full disclaimer below*
There is still time for Cyber Monday savings. If you didn’t have time to pick stuff up on Cyber Monday, don’t worry as many of your favorite brands still have extended Cyber Monday sales. Here is every major brand’s extended Cyber Monday and Black Friday 2023 sales that you need to know. Check out best Cyber Monday deals under $100 and best Cyber Monday deals on Amazon.
Deals from top retailers
Amazon’s Cyber Monday event has ended, but there’s still time for holiday shopping with sales up to 71% on all things tech, household appliances and more.
This is your last chance to get the Apple Airpods 2nd Gen for under $100.
The most powerful Beats headphones yet, the Studio Pro is on sale for more than 50%.
Hisense 58-Inch ULED 4K Smart Fire TV
The crisp Hisense TV is on sale for 41% off.
Walmart’s Cyber Monday Deals is live until supplies last, with massive sales on items from Dyson, Sony, Apple and more.
PlayStation 5 Spider-Man 2 Bundle
The PS5 bundle comes with the hit Marvel’s Spider-Man 2 disc for 10% off.
The Xbox Series S bundle comes with an additional Xbox controller and a 3-month Game Pass subscription.
The fan-favorite Bissell Vac-and-Steam All-in-one is on sale for nearly $100 off.
Home Depot is offering Cyber Monday deals online and in stores now through 11/29, with up to 60% off on home appliances.
Best home products deals
Gordon Ramsay’s favorite cookware brand is offering 50% off their excellent pan and pot sets for Cyber Monday 2023.
HexClad 12-piece Cookware Set
At 40% off, you could have Gordon Ramsey’s favorite 12-piece cookware set for the lowest price ever.
Dyson deals are the best, with many of its revolutionary hair products and vacuums now on sale for up to 50%.
Dyson Supersonic Hair Dryer
Dyson’s revolutionary Supersonic Hair Dryer is on sale for the first time this year – grab this excellent product for 25% off.
West Elm is giving 70% off on many of its best luxury furniture for extended Cyber Monday sales.
Roar & Rabbit Geo Inlay Nightstand
This beautiful nightstand is going for 30% off at West Elm.
Solo Stove is the best fire pit retailer on the market, so get their warmth for up to 40% off.
Secure some holiday warmth with the table top Mesa fire pit for 22% off.
Tech and entertainment
Take advantage of Hulu’s amazing Black Friday deal for a limited time! Subscribe to the Hulu (With Ads) plan for 99 per month for one year, current regular monthly price after. Get this deal now by clicking here. Ends 11/28/23. Eligibility restrictions and terms apply.
Best jewelry, clothing and fashion deals
Crocs’ Cyber Week sale are hosting sales up to 50%.
The Classic Clog is a classic for a reason at 25% off.
UNIQLO is having its only sale of the year, with amazing Cyber Week deals for your online shopping experience.
Nordstrom has Cyber Monday deals until midnight tonight, offering up to 82% off across all categories like Nike, UGG, Calvin Klein, Tory Burch and more.
The popular athleisure wear company has a number of great extended Cyber Monday finds, especially in their “We Made Too Much” page for the holiday shopping season.
Best haircare and cosmetics deals
Find deals from Ulta, Sephora and more.
Ulta’s Cyber Monday sales are now live and ends Tuesday November 28th, with up to 50% select beauty products.
The Walt Disney Co. is the parent company of Hulu and this ABC station.
* By clicking on the featured links, visitors will leave Localish.com and be directed to third-party e-commerce sites that operate under different terms and privacy policies. Although we are sharing our personal opinions of these products with you, Localish is not endorsing these products. It has not performed product safety testing on any of these products, did not manufacture them, and is not selling, or distributing them and is not making any representations about the safety or caliber of these products. Prices and availability are subject to change from the date of publication.
AFFILIATE MARKETING
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AFFILIATE MARKETING
How to Make Money with Custom GPTs and ChatGPT
The new GPT store on ChatGPT is expected to be launched by OpenAI in December, there aere a number of other ways that you can make money with Custom GPTs and ChatGPT as well as the new store. In the dynamic and ever-changing digital world we inhabit, the emergence of Generative Pre-trained Transformers (GPTs), such as ChatGPT, signifies a major leap in the field of artificial intelligence. These sophisticated AI models are rapidly transitioning from being mere technological marvels to valuable assets in the business arena.
Entrepreneurs and forward-thinking innovators are now at the forefront, actively seeking out and experimenting with inventive and effective ways to harness the financial potential of these tools. This article aims to explore and elucidate a variety of practical and groundbreaking strategies. These strategies are not only innovative but also highly effective in tapping into the revenue-generating capabilities of custom GPTs and ChatGPT. We aim to provide a deeper understanding and fresh perspectives, moving beyond traditional methods and applications, thereby opening up new avenues for leveraging these advanced AI technologies in the commercial sphere.
1. Merchandise Sales Powered by GPTs
One of the most direct ways to monetize GPTs is through merchandise sales. For instance, imagine a custom GPT named ‘Sticker WHZ’ designed to create unique sticker designs based on user inputs. Such AI-powered creativity can be a game-changer in the custom merchandise sector. By integrating with platforms like Teespring, the entire process from creation to distribution can be streamlined, offering a novel avenue for e-commerce.
2. Tip Jars: A Simple Yet Effective Model
Tip jars represent a straightforward monetization method. A custom GPT, like ‘Grimoire GPT’, aimed at enhancing specific skills such as engineering, can include a feature allowing satisfied users to leave tips. Digital platforms like ‘Buy Me a Coffee’ and Patreon make it easy to set up and manage these donations, providing a steady income stream for creators and developers.
3. Consultation Calls Facilitated by GPTs
GPTs can serve as powerful lead generators for professional services. For example, a ‘GPT Idea Evaluator’ could offer initial assessments or advice, leading interested users to personalized, paid consultation calls. This approach not only monetizes the GPT service but also leverages its capabilities to enhance a consulting business. Scheduling and payment collection can be efficiently managed through tools like Calendly.
4. Affiliate Marketing: GPTs as Product Recommenders
Affiliate marketing, a well-established online revenue model, can be innovatively integrated with GPTs. These AI systems can be programmed to recommend products or services, embedding affiliate links within their responses. This method adapts well to a variety of niches, including physical goods and online courses, and can be a subtle yet effective monetization strategy.
5. Sponsorships Tailored for GPT Content
Similar to traditional digital content monetization, GPTs can feature sponsored links or product mentions in their outputs. This approach mirrors the sponsorship models seen in digital platforms like YouTube or newsletters, providing an opportunity for businesses to reach audiences through AI-generated content.
Summary
The potential of Generative Pre-trained Transformers (GPTs), particularly models like ChatGPT, in the arena of monetization, is both vast and multifaceted, presenting a rich tapestry of opportunities. These advanced AI tools are not just confined to one or two avenues of revenue generation; they open doors to a multitude of possibilities. From the more straightforward approaches like direct sales, where products or services are sold directly to the consumer, to the incorporation of virtual tip jars, where users can express their appreciation in monetary terms, the scope is wide-ranging. Additionally, the realm of affiliate marketing offers a unique opportunity where these AI tools can recommend products or services, embedding affiliate links to track and earn commissions on sales. Sponsorships, too, present a lucrative avenue, where GPTs can seamlessly integrate sponsored content or product mentions into their interactions, akin to sponsorship models in other forms of digital media.
Moreover, by deeply understanding and strategically leveraging the unique capabilities of GPTs, creators, and entrepreneurs can not only tap into existing revenue streams but also innovate and create new ones. This exploration and utilization of GPTs in commerce and digital innovation can lead to the breaking of new ground, pushing the boundaries of what is possible in digital commerce and AI technology. These AI models, thus, serve not just as tools for income but also as catalysts for unprecedented growth and innovation in the digital economy, redefining the way businesses operate and interact with their customers. The potential is limitless, and the opportunities are only bound by the creativity and ingenuity of those who harness the power of these transformative AI technologies.
Here are some more useful article on ChatGPT and custom GPTs:
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