Making legitimate money online is one of the best things that can happen to you in this current economic situation, while those that got opportunities to work and earn from home smiled to the bank every single week, others that did not work from home, found themselves stuck on how to handle the bills and meet their financial responsibilities.
Getting paid in dollars LEGITIMATELY while at the comfort of your home is something you should look forward to.
Affiliate marketing if done correctly can be exceedingly rewarding, it can be done without any experience as those that are new to it can learn the process very fast with a few days of training. In this post, I will break down what affiliate marketing is and where the money really is.
What is affiliate marketing?
Affiliate marketing is a situation where companies pay you a commission for helping them promote their product and services, and refer people to them.
These companies have a single goal when it comes to affiliate marketing – to acquire as many new clients as possible. Now they need an army of affiliates to make this happen. This is where you come in; you could either work with these billion-dollar companies as an affiliate (peanuts) or network owner (real money).
For example, a company like Namecheap which is a multi-million dollar company is always looking for affiliates to help promote their business, they run to affiliate network owners (which you are about to become) to help them recruit affiliates that would do the main work of promoting the offers.
Let’s do the math, Namecheap pays you as the network owner $175 for every new customer your affiliate brings, you as the network owner can decide to pay your affiliates any amount you desire based on the cost of doing business. I have seen many networks pay their affiliates as much as $80 , your new network could have as much as 10,000 worldwide affiliates with just 5% of them considered active, imagine 5% active affiliates generating 2 sales a month for just Namecheap Domain Names, you will have earned $100,000 just for that month and get paid in dollars.
As ridiculous as it may sound, that’s the truth. There are facts and figures out there to show that network owners go home with millions of dollars within their first 6 months.
How to become an affiliate network owner
There are many network owners who make insane and unbelievable amounts on a monthly basis, they have been in this business for so many years, it’s a simple business model, you act as a middle man between the advertiser and the affiliates, you get a commission on every transaction that passes through your network (through your link or coupon code). These transactions happen by the minute on your website/youtube channel/mailing lists, all you do is manage affiliate approvals, monitor clicks, transactions, manage advertisers and smile to the bank.
Other Resources for Affiliate Marketing
I made a quite explanatory post on Affiliate Marketing not too long ago. If you want to make money online, Read my full article on Affiliate Marketing.
Also Read: Eight Business Ideas that Cost less than 200k to Implement.
I hope this was helpful. If it helped you, please drop a comment below!
Leave a Reply