Affiliate marketing is a viable investment, but only if you get it right. Don’t believe the low-value affiliate courses — get your facts on affiliates straight. Work hard, re-invest, and you will reap the rewards.
So, just how can you increase your net worth by getting involved in this profitable form of marketing? Read on and I’ll tell you.
Recommended reading: 7 Passive Income Ideas That Will Make You Money in Your Sleep
Great ROI
Do you want to build up your net worth one dollar at a time? Well, the great thing about affiliate marketing is that its huge ROI means you don’t need to focus on just the one dollar, you can set your sights considerably higher.
Affiliate marketing has one of the highest ROIs of any form of marketing, with customers more likely to buy from a brand if they have found their product(s) by using an affiliate website. Don’t believe me? Trust the numbers:
- The ROI on affiliate marketing is 1500%
- 15% of the digital media industry’s revenue comes from affiliate marketing
- US spending on affiliate marketing is $5 billion
- Affiliate marketing accounts for 10% of Amazon.com’s total revenue
Of course, you can’t just jump into affiliate marketing blindly. There is a lot to learn, including how to properly promote brands, the best affiliate marketing tools to use to grow your site and revenue, and so much more. You will need to put in the hard hours to get yourself up to speed. But once you’ve mastered the concept of affiliate marketing you can really start driving up your net worth.
Become the expert
Having mastered the art of affiliate marketing, you can then use it to add some more dollars to your bank account by becoming a go-to expert for a niche market. This is a great way to increase your net worth because being an expert can light a fire under your personal brand.
Sean Bagheri is one example of how getting to expert status can do wonders for your finances. He left a minimum wage, 40 hours a week job to take up affiliate marketing. Having reached expert status he now has 22,000 YouTube subscribers, runs a $2,000 business course, and earns $4,000 a day from affiliate marketing.
If you want to learn more about how to find your niche in affiliate marketing and reap the rewards of reaching expert status, check out the brilliant video underneath from Sean Bagheri…
Focus on quality
Now you can’t get to expert status if you don’t have a high-level affiliate marketing site and the way that you achieve that is by focusing on the quality – you don’t just want an investment that will last you a week, do you?
No. And there’s no better way to be sure you can create a top-notch affiliate site than to learn from the very best affiliate marketing sites. So, let the lesson begin…
Runner’s World
As you would expect, Runner’s World is geared towards running shoes. Not only does it sort out its ROI by covering all the different products that runners might want to buy, it also creates a community for its niche market through an extensive library of articles. What can you learn from them? Build your community as well as your business.
Wirecutter
This New York Times Company has a USP that anyone will find appealing: they list the best gadgets and gear around for people to save time – who doesn’t want a little more time in their lives?
Their affiliate site is unfussy but is absolutely swimming in products that scream time-saving. And the best thing? Each product is listed as “The Best.” What can you take from Wirecutter? If you tell your visitors that what you’re offering is the best then you can persuade them of its value before they’ve even seen it.
Automation heaven
Speaking of saving time, one of the reasons that affiliate marketing is such a good investment of your efforts is that it’s so easy to automate. That makes it an extremely economical way to make money.
You can get VAs and a host of systems in place and then let the money roll in (sort of). A great example of how you can do this is by using LeadDyno. This is a simple but highly effective piece of marketing software that allows you to automate a range of elements of your business. Check out the video below for a guide on how you can use it…
But while software like LeadDyno lets you automate your affiliate site that doesn’t mean you can do nothing; you still need to committed to managing your affiliate data and networks well. And remember, the one thing you absolutely can’t automate is your relationships!
Multichannel marketer
Affiliate is a great stepping stone for so many other ventures. Whether it’s SaaS or eCommerce — this could be your apprenticeship in creating your own digital empire.
Making your entry into the market isn’t something you can take lightly. Finding profitable stores for sale is one quick and easy way to take your online income to the next level — start with something easy like a dropshipping store and scale up from there.
If that sounds like it’s a lot of work, trust me, it is. But it’s work that you can do as long as you put the effort in and take advice from the right places – like the video underneath, which explains how to use both affiliate marketing and dropshipping to drive up your net worth…
Affiliate marketing is a really brilliant way for you to make money and is an avenue that has so many entry and growth points. The most important thing you must do is to carry out your niche research extremely carefully. Why? Because there’s no point in you running with an affiliate marketing idea if there’s no money to be made from it.
