Affiliate marketing is one of the most popular ways to earn passive income online. If you’ve ever dreamt of making money while you sleep then affiliate marketing is one of the first strategies you’ll want to look at.
Having a hard time making ends meet as an affiliate marketer? While there’s no doubt that it has a lot of potential for generating income, many have difficulty getting the ball rolling. Perhaps you need to revamp your affiliate marketing strategies.
As an affiliate marketer, it’s your main objective is to help solve problems. Yes, money is a factor, but the reason why you want to focus on serving people is that you want to be the solution to the problems that your avatar is having. The more effective you are, the more money you generate. However, not everyone can jump right in and expect to be successful as a marketer.
Here are 5 actionable steps that helped me create a strong passive income after struggling for years.
Simplified my business
What this means is that I stopped promoting anything and everything under the sun! Worst of all, I was trying to build my empire all by myself. Doing everything yourself is a sure way to burning yourself out.
What I did instead is I put my entire focus on one platform, one product (high ticket), and one traffic source that serves my audience.
I learned the hard way by doing the opposite. By doing this, I was able to get the results in my business that I’ve always wanted to achieve.
I stopped following all the “gurus” and unsubscribed to all e-mail newsletters that were not serving me. Most of the time, the e-mails that I was receiving were self serving and it was all sell, sell, sell and no value.
As the saying goes, “less is more”.
Got clear on who I wanted to serve
It’s important to know who my target audience is, and what problem I want to solve for them.
Without this step, there is no point in doing affiliate marketing. It is a mere waste of time.
This is the very reason why 95% of affiliate marketers do not make any money. When they get frustrated and get no results, then they call affiliate marketing a scam.
An affiliate marketer gets so focused on what they’re selling that they forget to think about who they’re selling it to.
This is the kiss of death for a marketing campaign, and sometimes even an entire business.
You could have the greatest product on earth, but if you’re trying to sell it to the wrong person—you’re never going to hit your income goals.
That’s why understanding your customer avatar (AKA buyer persona) is so important.
Before you can sell anything effectively, you need to understand…
- WHO your ideal customer is
- WHERE they’re hanging out online
- WHAT their challenges are
Promoted a high ticket product
It’s about the same effort to sell $1,000 and $100 product. The difference between the two is that the return is 10-fold.
High ticket affiliate programs intimidate a lot of new and small-scale affiliates because they are under the impression that these are difficult to market.
If you are one of these affiliates, you got it all WRONG.
Going after the right affiliate programs to promote can mean the difference between making $1,000 per month or $10,000 per month.
Truth is, super affiliates are super affiliates for a reason — they don’t mess around wasting their time promoting low-ticket products.
Invested in a mentor
I’m sure you have heard it a million times, but I will repeat it anyways.
Without a mentor, you will be running around like a headless chicken trying everything under the sun (likely failing) and spending years to make it happen.
I spent years trying to not to spend a dime but yet trying to earn 6-figures in income.
If I were to start out all over again, I would get a mentor right off the bat.
Now, I know some people can not afford a high ticket product and a mentor at the same time (I was one of those people) so I found a product that was high ticket, that had a mentor attached to the program.
Surrounded myself with like-minded people
This can easily be neglected.
Depending on where you live in the world, chances are that you are not surrounded by entrepreneurs, affiliates and goal-getters, as well as people who will understand your goals, frustrations, and can help you.
I created a community (mastermind) that had like-minded people in there (we all invested in the same thing.)
It’s their cheering and support that made a bigger difference in my life than I could have imagined.
‘You are the average of 5 people you spend the most time with.’
So choose them wisely.