So, here’s how to escape 9 to 5 with affiliate marketing! If you don’t know what affiliate marketing is, here’s a quick synopsis. Affiliate marketing is a business model where third party “affiliates” make money through selling other people’s products.
Anyone can become an affiliate by joining an affiliate program, and getting their unique identifying link – known as the affiliate link. When they promote their link and make a sale of a product, they get a commission based on their referral.
Referral based sales is one of the most popular ways to make a living online – also known as affiliate marketing.
How To Escape 9 To 5 With Affiliate Marketing
So, how can you use affiliate marketing to escape your 9 to 5 job? While affiliate marketing is fairly well know, there’s many ways you can do it. Not all affiliate programs and equal and there’s a lot of different ways to promote affiliate products. This is where most new affiliates get stuck. They try a range of strategies and jump from one course to another. They don’t get traction because they don’t stick with it for long enough. Before anything can happen, they quit!
There’s a 95% drop out rate among affiliates so if you want to succeed, it’s worth getting the right information from the start. A wrong turn could mean months of wasted time and effort. Still, 95% isn’t so bad when you consider that almost anyone with a laptop and internet connection can become an affiliate without much effort. All you need to do is join an affiliate program, and hey presto, you’re “an affiliate”! But that’s not to say you’ll be successful and the vast majority obviously don’t. So what does it take to become successful as an affiliate?
How To Escape 9 To 5 With Affiliate Marketing – Get Educated
Getting the right information is key to success if you’re looking to escape the 9 to 5 with affiliate marketing. I struggled for years before I saw light at the end of the very long tunnel.
The trouble was there was lots of courses and information out there all teaching different things. So I jumped from course to course looking for the “easy” way! Unfortunately there isn’t a magic bullet which makes affiliate marketing “easy” but there are a few key principles which I’m going to share in this article which will give you the best possible chance.
When I started, I tried to sell the types of things I was personally buying. This wasn’t the best recipe for success, let me tell you. I was buying books from Amazon and “trinkets” from eBay. Amazon typically pays between 1% and 10% on it’s product inventory. So if you become an affiliate for Amazon, that’s what you can expect to earn if you manage to actually sell something – as little as 1% commission. On a book selling for $10, that’s a measly 0.10 cents.
On the other hand, some products pay much more – up to 40% on some digital products. So that little insight would have saved me a lot of struggle for starters.
How To Escape 9 To 5 With Affiliate Marketing – Leverage
Affiliate marketing is a business model which can give you superb leverage. Once you’ve learned how to sell a single product once, you can rinse and repeat for thousands of the same product. The major benefit to making money selling products instead of selling your time in a 9 to 5 job, is you can automate the process of selling products online. With a job, you will always have to keep turning up. So it’s well worth figuring out affiliate marketing even if it takes you some time. It can ultimately set you free financially, geographically and give you your time back too!
Here’s another mistake I made when I started out learning affiliate marketing. I spend too much time on the wrong strategy. It was a flawed strategy which wasn’t scalable. I was trying to get traffic solely through content creation. This strategy, although cheap, doesn’t have a scalable element to it. Later I learned to use the power of email marketing and run paid advertising, which is what I suggest. With an email list, you can reach more people over time and scale up into the tens and even hundreds of thousands of subscribers.
Learn paid marketing strategies and build a large email list. I didn’t do this for years. Without an email list, you can’t build a solid income because you’re relying on passing traffic through blogging or some other content strategy. Blogging and video blogging can and does work. But it can take months of content creation before you get any traction.
Choose High Value Products
I was broke when I started affiliate marketing back in the early 2000’s. So I assumed everyone else was broke too! So I chose low value products to sell with this assumption in mind. The thing with the internet is, there’s millionaires buying hovercrafts and submarines online! Literally! My mentor taught me to go after these products instead of the low price ones. If you sell a hugely valuable product, you can earn many times that from the sale of thousands of a low value product.
You can also sell digital products which pay out larger commissions and those which carry subscriptions. A subscription sale is worth many times a “one-off” sale because you continue to earn from it, months and even years later. Membership products which are needed for online businesses, for example, are a great product to sell. Business owners need them and so will continue their subscriptions potentially for a lifetime.
Keep The 9 To 5 Going
It’s worth noting that it can take a few months to gain traction with an affiliate business, even if you’re using a high value product and paid advertising to build your email list. That means you’ll need capital to build your email list and generate traction. So it’s worth hanging on to your day job so you can afford to invest in building your list.
But an affiliate business is one of the best ways to Escape9toFive because it gives you leverage and you don’t need any of your own products and services. Learn more and get started here, or visit the escape 9 to 5 guide.
