The formula for affiliate marketing remains relatively constant no matter what your market or niche. Your main task will always be traffic generation (i.e. driving prospects to the merchant’s website via your unique “affiliate” link). If you don't have any money you can get started by finding ways to get free traffic to your website, including blogging, guest posting on other websites, and posting to social media sites like Facebook, Instagram, etc.
This domain can work for people in two ways. One is to get sudden bursts of income by selling a certain product. The second part is selling a service that gives you recurring fees. This course on Affiliate Marketing Strategy for Stable and Recurring Income can be very helpful if your objective is the latter. At 5.5 hours and 56 lectures, this is very extensive and useful for those looking at mastering this subject. This training program is developed by iMarket XL and Max Stryker.
I created “All About Affiliate Marketing” to supplement what students learn at Wealthy Affiliate. It helps you to see what tools you need, how the business works, to decide the difference between business models, how affiliate marketing works if you have an existing business, and various other things I’ve learned over my time in the industry. I give this course away for free at How to Entrepreneur. You can check out my free e-course here.
You may have heard of ClickBank, one of the oldest and most popular affiliate networks. A billion-dollar company, ClickBank specializes in digital products like e-books and software, as well as membership sites. If you haven't considered selling digital information products, then you should seriously consider doing so considering all the benefits. Digital information products offer much higher commissions (anywhere from 10 to 75%+) than physical products which usually only offer commissions under 5%. Also digital information products and can be easier to sell in many cases because people can get instant access and immediate gratification when purchasing a digital information product.
Be sure to check what kind of customer support you can expect from your affiliate program once you have signed up. Do your research online and if possible, speak to other sellers using the program to get their thoughts. Can you speak to someone via phone or Skype or do you have to wait 72 hours for email responses? Be clear on this because trust me, you will need support at one point or another.
Most businesses require startup fees as well as a cash flow to finance the products being sold. However, affiliate marketing can be done at a low cost, meaning you can get started quickly and without much hassle. There are no affiliate program fees to worry about and no need to create a product. Beginning this line of work is relatively straightforward.