Starting Affiliate Marketing in 2024

Jul 1, 2024

Starting Affiliate Marketing in 2024

Introduction

  • Overview of starting affiliate marketing without an audience.
  • Key focus areas: finding affiliate offers, creating engaging content, and choosing the right niche.
  • Ultimate goal: achieving $10K a month and beyond.

Platforms for Affiliate Marketing

  • Options include:
    • Blog posts
    • YouTube videos
    • Social media
    • Ads (not recommended for beginners due to complexity and costs)

Components of an Affiliate Offer

  • Commission rate: Percentage earned per sale (e.g., 10% commission on a $500 TV = $50).
  • Cookie duration: Time window for earning commission after a click (typically 30 days, Amazon: 24 hours).
  • Affiliate Network Examples: WPX, Partner Stack, Impact

Strategy for Success

  • Consistent and ongoing clicks are crucial.
  • E-commerce conversion rates are around 2% (100 clicks needed for 2 sales).
  • Importance of finding good affiliate offers with examples (e.g., WPX).
  • Utilizing affiliate networks to find offers (e.g., Partner Stack).

Content Creation

  • Consistent content strategy: Must create content consistently over time (30, 60, 90 days).
  • Keyword research: Focus on transactional and informational keywords.
  • Building Authority: Utilize email lists, lead magnets, and consistent engagement.

Choosing the Right Niche

  • Avoid choosing based solely on passion or SEO reports.
  • Consider professional experience and hobbies.
  • Examples: Web developer vs. fishing, sales vs. crypto.
  • Gauging niche viability: Keyword competitiveness, audience interest, and affiliate revenue potential.

Keyword Research and Strategy

  • Use tools like keyword explorer to find low competition keywords.
  • Examples of niches with high search volumes but low competition (e.g., VR headsets for Sim racing, camping equipment).
  • Importance of timing and building content authority early on.

Content Ratios and Types

  • Ratio: 80% informational content to 20% transactional content.
  • Examples of informational content: tattoo ideas, fitness exercises, party ideas.

Site and Content Creation

  • Starting a website: basics of using WPX and WordPress with Cadence theme.
  • Simple core pages: Homepage, About page, and consistent content creation.
  • Tools for content creation: Surfer SEO and Surfer AI for SEO-optimized articles.
  • Structure of affiliate content: Intro, list items with H2 and H3 headings, images, pricing, and CTA buttons.

Time Management and Patience

  • Importance of finding time in your schedule (10 hours a week out of 73 hours of free time).
  • Patience and consistency are key to long-term success.
  • Early stages will be challenging but necessary for improvement and financial gains.

Long-term Strategy and Personal Branding

  • Base the niche on personal brand for flexibility and authority.
  • Diversification into other platforms over time (e.g., Instagram, YouTube, LinkedIn).
  • Other revenue streams: ads, sponsorships, own products, email lists.
  • Platform-specific niche strategies (e.g., crypto for YouTube, fishing gear for blogs).

Conclusion

  • Importance of understanding all aspects of affiliate marketing before starting.
  • Building a digital asset based on a personal brand for long-term flexibility.
  • Encourage users to join the course for detailed guidance.
  • Call to action: like, subscribe, and explore more content.