10X Your Affiliate Marketing Income
Whether you are a full time online marketer or it is just a side hustle for you, affiliate marketing can provide you with extra income.
You promote somebody else's product, and you make a commission when people buy through your link.
You can compare this to a situation where a friend asks you what book you are reading, you reply and your friend goes off to buy the same book. Only with affiliate marketing, you get paid for your recommendations.
Now, there are more or less effective ways to do affiliate marketing.
It is fantastic how a change here and a tweak here can complete revolutionize your affiliate marketing. Instead of the occasional 20 dollar income dripping in, you could make $1,047 in a week.
This will not happen on day one, unless you already have a strong system. But it is possible to get to that point faster than you think.
There are a few things you need to have and one thing you must avoid at all costs.
Your One Must-Have Item
Whatever you do with affiliate marketing, there is one thing you must have.
Unless you prefer to always only make very little income. And unless you only promote Amazon products. But even with Amazon this can be insanely helpful to you.
I am talking about an email list.
A list contains a number of people, who have given you their email address and perhaps also their name. They have said "yes" to receive your emails.
How do you invite those people to your list?
First of all, you must make sure they are interested in your topic. You do that by filtering out the non-interested and only inviting the interested.
Create something the interested would love to get and give it to them when they join your list.
That "something" can be a checklist, a cheat sheet, a small eBook, a short video or a 5-day email course. This depends on your topic. Create something that will be of value for your target audience.
And they will be more than happy to join.
If you do not already have an email list and feel overwhelmed by the thought, here is hope for you. Today, we have numerous email service providers. They have tutorials that make the whole process easy for you.
Most of them are beginner-friendly and even offer a limited number of subscribers for free so you can test them out before you pay anything.
Here are the ones I recommend
AWeber -
MailBird -
MailerLite -
ConvertKit -
But the Money IS NOT in the List
Wait! I just told you to get an email list and now I say that the money is not in the list?
True. Here is where the first tweak comes into play. Most affiliate marketers treat their list like a cash cow.
They feed them with buy-links and hope that some of the cows will bite the bait.
When their lists are big enough and holds several hundred thousand subscribers, they will make money every single day with that system.
But it is a burn'n'churn system.
They will constantly need to add new subscribers to their list, or the system will fall apart.
Would you like to be treated like a cash cow?
Neither would I. And neither would anybody else. People like to be treated as human beings. No big surprise here.
So the relationship you build with your list is what makes the whole difference. That way, you can earn money even with a small list.
Surprised?
Think of it this way. If you share an offer that has a 10 percent conversion rate, statistically you would only need ten subscribers to make a sale.
This is not how it works. When you build a relationship with your list, and you send them an offer that converts at 10 percent, up to 100 percent of your list could still buy.
The money is not in the list. It is in the relationship with your list.
Without the Following You Will Not Make It
To 10X your affiliate income takes power.
So let us get you that power. Here are the things you need:
- A strong offer
- A strong bonus
- A high commission
By a strong offer, I mean a product that your audience will absolutely love. One they would prefer not to live without, now that they are aware of its existence.
You provide the strong bonus.
And with that, I mean a bonus you create for this offer. One that will make the offer even better. If you can come up with a bonus that is even better and more valuable than the main offer, you will have people buying just to get your bonus.
You will not make a fortune by selling $7 products.
Occasionally, a $10 offer for sale for 24 hours will work. But this is such a numbers game. If you have only ten people on your list, you will max make $100 (IF you get a 100% commission).
If your commission is $100 for each sale, you can potentially make $1,000 with the same number of subscribers.
That is right.
You have just 10X your affiliate income.
Here Is Where You Could Ruin Everything
So you found a strong offer.
You made a strong bonus and your commission is through the roof. Only, sadly, there is something wrong with the product you are promoting.
Nothing serious, you tell yourself.
But maybe it would keep some of your subscribers from buying if they knew about it.
Here is the trap. This is where you could ruin everything.
Do not lie. Be honest.
If there is a flaw to the product, tell your list about it if you find it significant enough to mention.
People do not expect a perfect product, so some things are not worth talking about.
Use your judgment here and be honest.
In Conclusion
Basically, you can 10X your affiliate income just by building an email list, creating a good relationship with your list, promoting offers your audience will love and which give you a good commission.
It is as simple as that.