What is Affiliate Marketing? | #021

Getting started with affiliate marketing isn't complicated and in
this episode, Adam explains just how easy and beneficial it can
be to your business, regardless of industry or market.
Episode Discussions:

What affiliate marketing is and why it’s important

How big of an industry is it?

The appeal of affiliate marketing

The use of affiliate marketing in your business

How to get involved



 


(1:29)
The draw of affiliate marketing:

Involves someone other than you creating something and paying
you a commission to sell to someone else

Passive income generated without the need to create any
additional products or services or offers

Income can be generated around the clock



(2:11)
Who’s involved?

 
The Producer

Initially ends up creating the product or service you're
going to be selling.

Has done much of the work



 
The Marketer (you)

Markets and sells product to end consumer

The producer pays you a commission.

The more you sell, the more you make

Runs with very little additional time, energy or effort.



 
The Consumer - The last person involved in the transaction and
who ends up ultimately buying what you're selling.

 
(4:15) 
Affiliate marketing is mainstream.

 


Businesses pay others to do their marketing for them and
split the profits with them

Useful monetization strategy for your business

Accessible to anyone

Affiliate marketing industry is massive and anticipated to
grow to over $6.8 billion over the next 5 years



 


(5:12)
How to get involved in affiliate marketing

Where many internet marketers got their start

Many companies have an application process to screen and
qualify some of their affiliates

Portray yourself as a professional

Have website, active social media channels, headshots,
testimonials, email lists, track record of affiliate success
(if possible)



Small affiliate partners exist who let you try selling their
product

Enables experience and testing out of industry





(6:33)


Purchase their product

Apply it and get results, inform business you'd like to
share their product with the world

Demonstrates familiarity and understanding of product to
help promote and sell effectively and ethically.





 


(7:14)


Takeaway: Affiliate marketing is selling someone else's stuff for
a commission.


To find an affiliate offer, use a search engine: Type in your
industry or market and the word "affiliate".


 


Contact Adam: Adam@AdamErhart.com


 


Click here to subscribe via iTunes


Modern Marketing on Stitcher


Modern Marketing on Pocket Casts