What Is Affiliate Marketing?

Affiliate Marketing, Everyone's Doing It!

You have heard the term. 

And you have seen the videos on YouTube.

You are wondering what it is all about. 

​Well, allow me to tell you the basics about affiliate marketing. 

I promise not to try to bog you down with the details...

But there are some things you will have to know about the affiliate marketing business model. 

WHAT IS AFFILIATE MARKETING 

Affiliate marketing - Selling someone else's product or service in exchange for a commission (money)

That is the bare bones definition that I can give you. 

For instance, if you tell your friends about a movie that you saw, you likely are not getting anything out of it. 

But if one of those production companies said that they would give you a commission for each time you recommended a movie, that is affiliate marketing. 

Here is a video from the Share Of Money YouTube channel about Affiliate Marketing. 

Also, below I will leave a cheat sheet so that you will know what it is and the breakdown of affiliate marketing. 

AFFILIATE MARKETING CHEAT SHEET 

As with any business model, there are good and bad concepts. 

Let's touch on those really quickly. 

Pros Of Affiliate Marketing 

The PROS of Affiliate Marketing:

• Low barrier of entry - This means that you will be able to get started easily with affiliate marketing. Affiliate marketing marketplaces such as Clickbank and Digitstore24 will allow you to get started for free. 
• Training is everywhere - You will be able to research Google or YouTube to find out  more about affiliate marketing and the marketplaces. If you are lost, you will be able to find out more information to help on the web. 
• Many opportunities to choose from - You will have many different affiliate marketing programs to choose from. There are hundreds of thousands of opportunities out there. 

Click the video below to find out about how to make money online with affiliate marketing. 

Cons of affiliate marketing 

So, here are the cons of affiliate marketing:

• You May Struggle To Make Money Initially - Since there is a low barrier to entry, it may be a long time before you see really significant results. You are not going to start of making tons of money because there is a learning curve that all affiliate marketers go through. 
• Time Consuming - If you are an affiliate marketer, you will have to exchange time for money, especially if you are promoting free on social media or free ads. If you are not accelerating sales or commissions with paid advertising, you may take a little more time to get the results you desire. 
• EVERYONE IS AN EXPERT - On YouTube and most of everywhere else, you will see "GURUS" that will tell you to sign up for their webinars, buy their courses, or follow what they do. While there are some legit people that are selfless and really in this to help people, there are so many that are just in it to make themselves rich. 

CONCLUSION

With all of that said about affiliate marketing, I will leave you with a little advice. 

• DO WHAT WORKS FOR YOU - Find the right affiliate marketing program and fit for you. Don't follow what all the "gurus" say. 
• DON'T DO THIS FOR THE MONEY - Don't do this just for the money. Obviously, you want to make money out of this, but make sure that you find a way to help others and give value. 
• USE VIDEO - Use video as much as you can to promote your products. That is not just to say a blog or other promotion methods are not effective, but video converts well. 
• GIVE VALUE - Never just spam or post your link. Make sure that you are giving people something that helps to solve a problem or that can answer a problem. 

I hope that this post helped you out to get on your way with affiliate marketing. 

For more resources to help you to make money online, check the links below. 

SHARE OF MONEY BLOG 

SHARE OF MONEY RESOURCES 

SHARE OF MONEY YOUTUBE CHANNEL 

Thank you for reading this post and God bless.