Would you like to start an online business the easy way?
If you still don’t have your own products or services to market, then it will be best to start with affiliate marketing.
You won’t have to give customer service or worry about the delivery of the product. You just have to promote your affiliate link and the owner of the business will look after the rest.
You will receive your commission normally 30 days after the first sale was made or when your commission has reached a certain minimum amount like $20.
Best Way to Promote Affiliate Links
Most new affiliate marketers would create an ad or use one that the owner of the product will provide, to get the attention of people who might be interested in the product.
However, this is not the best way to make sales. You might get only 1% of the viewers to buy your offer. On the other hand, if you create a product guide that explains how the product should be used for optimal effect or results, then you can use it as a lead magnet.
The Magic of Using a Lead Magnet
A lead magnet is something that you can offer to people who might be interested in the product or service that you
If they see it of some value to them or something that could give them a solution to a problem that they have, then they will be willing to give their contact details in exchange for access to your lead magnet.
The conversion rate for such an offer can be much higher if you target your ideal customers well and it can be even more than 50%. So, with the direct approach you’ll make only 1 sale from 100 visitors but with the lead magnet method you can get 50 subscribers to your list from 100 views.
Here is an example of what you can expect from a warm subscriber base.
About 20%+ of this warm subscribers will take you up on your offer and now you will make about ten times more sales with the same number of viewers of your ad. It will take a little longer but, in the end, you will make more sales.
It can work very well even with a small list like the one in the example above. From the first email I made just one sale which means a conversion rate of 2,56% but with the second email there were three sales which is a conversion rate of 7,69%.
This is much higher than the normal 0,5-1% conversion rate that you can expect if you send prospects directly to the sales page.
Another huge benefit is that you can build a list as well and you can keep on promoting similar products to this list in the future. You won’t have to find new prospects all the time once you have a large list.
This single extra step in your marketing strategy will mean that you must put in some more work, but the results can be worth the effort.
The lead magnet can have many formats like a PDF file, a video or audio file. People prefer different ways in which they consume information. It might even be a good idea to supply your lead magnet in all three ways.
Sustainable Monthly Income
One of the best affiliate offers that you can promote with a lead magnet is a monthly service. In the lead magnet you explain how to set up the service to get the most from it.
Once you have a subscriber, you get paid month after month for the work that you have done only once. When you receive a recurring income the amount can be smaller but in the end you will make more money.
Once you have a broad customer base, your monthly income will be stable, and you won’t have to work so hard to always get new customers.
You just have to replace those that leave but if it is a valuable service, the attrition rate will be low.
Your Affiliate Marketing Procedure
First you write a summary of it as an article that you can post to your blog. You also create a graphic social media post that refers your audience to your blog post. In the blog post you have a link to your landing page. On the landing page your visitors can enter their name and email in exchange for the lead magnet.
After entering their details, they get transferred to the thank you page. Here you thank them for their subscription and give them the download links to the different versions of your lead magnet.
This will be a welcome surprise for them when they see that they have a choice in which they can consume your information.
Now comes the part that will make or break your marketing.
Creating a Magnificent Lead Magnet
The better your lead magnet can be, the more impressed your visitors will be and the more inclined they will be to have a look at your main offer. This will increase your sales at least two-fold.
They will see you as the expert and will want to find out more about what you have to offer. Even if they don’t buy your initial offer, they will still open your follow-up emails to see what else you have to offer them.
Don’t skimp on your lead magnet but put in all the effort you can to make it an outstanding experience for your prospects. If you just quickly scrape together something to get a new subscriber, it can do more harm than good.
You might get a few subscribers but if the value is not there for them, they will not trust you enough to buy from you in the future. They might even tell their friend to avoid your stuff.
So far, we have looked at which is the best way to start out on your online journey and found that affiliate marketing can be the best way to start. It can bring you an early income while you hone your marketing skills.
It will also give you the time to start developing your own products or services that you can introduce to your buyers once they get to know, like and trust you. It also gives you time to development your brand.
Secondly, we saw that it is better to first build a prospect list to whom you can send follow-up emails to start building a relationship with them. Your lead magnet will start them on this journey and should impress them with its quality and depth of information.
Obviously, you can only produce such a great lead magnet if you use the product or service that you promote yourself. If you can also do it in the unique way only you can do it, you will stand out in the crowd and people will want to do business with you.
Create a PDF eBook, a video and an audio file that your subscribers can download easily from the thank you page.
Tools That You Need for Effective Affiliate Marketing
You need an autoresponder to build your own list as well as a landing page creator. I make use of my WordPress blog and a plugin with which I can create unique landing pages. For my autoresponder service I make use of GVO which has built-in analytics which is very handy for testing my results.
If you are just starting out with a small budget, then I would advise that you look at HubSpot first. They allow you to build a free list of 500 users and it comes with a landing page creator as well.
You can later upgrade your account and then you will also get online marketing help from them once your list starts to grow.
Your First Affiliate Service to Promote
A few months ago, I discovered a cloud storage facility with a very reasonable price. My Dropbox and Google drive were filling up fast and I needed more storage for all my photos, videos, and important documents.
I did some research and soon found that it can become quite expensive to secure all your valuable data. A friend of mine lost his notebook with his external backup drive when it was stolen at a guesthouse where he was staying overnight.
Unfortunately, he did not backup his data to the cloud and he lost years of work in a single moment. It was quite a blow to his career since he is a researcher. It was a wakeup call for me as well.
As a free user of Dropbox, I only get 2.75GB of storage space in the cloud. To upgrade to 2TB of storage will cost me $9.99 per month and 3TB will cost me $24.99 per month.
At Google Drive you get 15GB free storage and 2TB will also cost $9.99 per month. When I did this research, I came upon a service that gives you 6TB of secure cloud storage for only $9.97 per month. You can backup all your devices and even as many smartphones as you wish.
Your whole family of six members can use this system and they can live anywhere in the world. But the best news is that it is the only company offering an affiliate program.
Everyone needs this service to secure their digital data and every day we create more photos, videos, and important documents that we need to backup.
While using this system for the past few months I discovered another valuable feature. Once you link a device like a computer, tablet, or cellphone to the system, it automatically backs up all the new data.
You don’t ever have to worry about making backups again. Now even if your device is stolen or your cell phone falls into a fertilizer tank, like what happened to me, all your data is safe and can easily be recovered.
Now for the Great News…
When you refer a direct buyer of the system you get paid 200% commission in your first month and then 25% per month for as long as those customers pay for their accounts.
You will also receive a 25% matching cheque on the earnings of your direct referrals. In total you will earn an average of 75% commission since you will also share in the company revenue.
If you are interested in getting a flying start with your affiliate marketing, then just follow the link below. This opportunity comes with a built-in autoresponder and prospect getting system as well. This alone is worth more than $9.97 per month.
Get Your Access Here Now
This system is backed by a company that was established in 1997 and although the service is only available for less than 5 months, they already have more than 12,000 users in more than 110 countries worldwide.
Can you see that a new trend is in the development stage here. People are creating more and more digital data and need an affordable secure place to store it.
You can now share this service with everybody that you know, and they will thank you for the information. Soon you will have a thriving business that can give you a sustainable additional monthly income.
My wife and I decided to start a study fund for our twin granddaughters, but you might decide to take that long overdue luxury vacation with this extra monthly income.
I hope that you have found this article of some use. Please leave a comment below. Any feedback is always welcome. And if you liked what you read, then please share it with your friends. Much appreciated.
If you want to ask me any questions about affiliate marketing or this specific opportunity, then you can Contact me here. Feel free to ask if you need any help setting up your new backup system. Enjoy the feeling of security when you know your data is safe and secure.
(Disclaimer: No guarantee is given that you will earn any money if you are not prepared to put in the work to promote the system but hundreds of people all over the world have already proven that the system works well. Some of the links in this article are my affiliate links and if you buy through them, I’ll earn a commission.)