A second job, more overtime, or online affiliate marketing. Those are just three of the many ways to make additional income. The first two are pretty self-explanatory, but they also require you to work for someone else. The last is the reason for this post.
Affiliate Marketing – What Does That Even Mean?
What is Affiliate Marketing? That was the first question I asked when I stumbled upon it. Well, here is the actual definition from Google:
So that doesn’t really clear it up much unless you have done some research. Here is another way to look at affiliate marketing which I will over-simplify and then go into more detail later.
Now let’s dig a little deeper into each part of the term online affiliate marketing…
Online – Like The Internet?
Our goal is to help you earn more income without having to get another job. What better place to start than on the internet?
The internet is a great tool to use to earn money. Technology advancements have made it so you don’t need to be technical or have an advanced degree to use the internet. The only requirement to become an online affiliate marketer is that you have access to the internet.
That was the easy part of “online affiliate marketing”. The toughest part to define is affiliate…
Affiliate – Fancy Way To Say Attached
The term affiliate means to officially attach or connect to an organization. You can become an affiliate by becoming an employee or by joining an affiliate program.
We can eliminate the first because this site is meant to help us get ahead in life. If you have a job then the only reason to leave is for something better. This is where affiliate programs come to the rescue.
So what is an affiliate program? An affiliate program is an agreement you can enter where you promote a companies products or services and they will pay you a commission…
Marketing – Or More Simply, Promoting
You just read what an affiliate program is and how you can earn commission. Digging a little deeper into affiliate marketing, you have the term marketing. Marketing can be defined many ways, but here are some other terms we can use in place of marketing…promoting, advertising, reviewing, etc.
Really, by marketing a product or service, an affiliate marketer will be spreading the word about the company. The best part is there are no bosses telling you what to do. You just talk about a product or service, add an agreed upon link, and earn when someone uses your link.
Pretty simple, but it can’t be that easy can it?
Wrap It All Together – Online Affiliate Marketing
So we have learned that with access to the internet you can associate yourself with a company and promote their product. The end result will be passive income to help you leave the middle class.
Let’s see how you can put together the three parts to become an affiliate marketer:
- Online – If you have internet service at your home then you are set. No internet, no problem…there are many places that offer free WiFi, but I would start with your local library if you are trying not to spend any money.
- Affiliate – Search for any company and add “affiliate program” after the company name. For example, Amazon Affiliate Program. This will give you an idea of commissions and the many options out there.
- Marketing – You will need a way to promote a company. This is the most difficult part of the process to get, but once it starts rolling then you will be generating additional income. One site I have found and reviewed is Wealthy Affiliate.
Now you have what affiliate marketing is and how you can do it, but does it work?
Affiliate Marketing in Action!
Remember our goal: earn additional income to leave the middle class. I have not yet found a way to earn money without doing anything (if you have, please send me an email) so affiliate marketing does take some work. How do you make it less painful?
Find something you enjoy talking about. The best place to start is with your favorite hobby. Chances are you share your hobby with many people who use the internet. For me, my hobbies are brewing beer and fantasy football. As I started my blog for brewing beer (click here to see the progress) I realized that I can see the benefits to affiliate marketing.
So now I have started a second blog to pass on the benefits of affiliate marketing. No matter you schooling or computer knowledge, you could become an affiliate marketer and begin generating some additional income.
Go Forth and Earn
There you have my summary of affiliate marketing. At this point, I haven’t found a reason as to why it won’t work to help me bring some more money into my house.
If you have any questions, experiences, or general comments, please add them below or email me at email@example.com.