How to Make Money with Affiliate Marketing Episode 5:2

Opportunity Wednesday with Dexter and Pamela Montgomery

My Biz Dream Team: Opportunity Wednesday with Dexter and Pamela Montgomery

A Great Business Opportunity: Affiliate Marketing

This episode of My Biz Dream Team: Opportunity Wednesday Training Series is all about affiliate marketing. This program is dedicated to educating you about the many business opportunities available to build and grow your online business. Affiliate marketing is a business opportunity that can work for you even if you still have a job. You can start earning extra income as you begin your business part-time. We started making money with affiliate marketing after a few months and started generating another stream of income.

On this episode “How to Make Money with Affiliate Marketing” we will cover (1) what is affiliate marketing; (2) types of products to promote; and (3) best practices in affiliate marketing.

What is Affiliate Marketing?

Affiliate marketing is promoting other people's products. What a great business opportunity: Making money recommending what you love! You receive a commission if anyone buys the program because of your promotion efforts. As an affiliate marketer you can promote products on your blogs, websites, social media, and through email. Affiliate marketing is basically an agreement between a vendor (someone with a product) and a promoter (you). You search for vendors that have affiliate programs, join the program, and start promoting! The vendor usually provides artwork and information that you can use to promote the product.

Types of Products to Promote

The best products to promote are those that have used and know that your audience and clients will find valuable.  Focus on the needs of those in your particular niche or specialty. We recommend focusing on products that you love!  You want to be a raving fan promoting a product that is fabulous!  You can use affiliate networks like JVZoo or Nanacast to search by categories to find products to promote.

Best Practices

There are several best practices to use in promoting products. (1) Remember to use the product that you are promoting. You have much more credibility when speaking about the benefits of the product when you are familiar with it. (2) Know your audience.  It is essential that you understand your audience and its needs.  Be able to explain to them why they need and want to buy the product. (3) Be selective in the types of products that you product.  It can be confusing to your audience if you promote too many different types of products.  For example, you have a cooking blog and promote tableware or pots.  It is confusing if you suddenly start to promote guitars or exercise equipment.  Make sure that what you promote is consistent with your overall message.

Conclusion

Affiliate marketing is a great business opportunity. It is a great way to get started with your online business especially if you don't have products of your own.  Remember to promote products that  (1) you love and (2) are consistent with your overall niche and message.

Our main website is http://mybizdreamteam.com.  If you want to continue to receive information from us about other events and other income generating opportunities, please go to the website. Grab your free report on “Building Your Business Dream Team.

You can contact us at pamela@mybizdreamteam.com or dexter@mybizdreamteam.com.

We would love to hear from you.

 

One Response to “How to Make Money with Affiliate Marketing Episode 5:2”

  1. Income: Making Money with Affiliate Marketing - My Biz Dream TeamMy Biz Dream Team

    […] There are many ways to earn money online. One of the most lucrative ways is to become an affiliate marketer. Affiliate marketing is the process of recommending and promoting other people’s products. You receive a percentage of the sales. As an affiliate marketer you can promote products on your blog, website, social media accounts, and in email.  To begin as an affiliate marketer, you need to search for businesses that have affiliate programs for products that your prospective clients need and want. You need to join the program and then start promoting. You can find out more about affiliate marketing by listening to this recent podcast: How to Make Money with Affiliate Marketing […]