Affiliate Lifestyle Secrets 3 Lesson

 

Hello and welcome back, this is Video #3, and let’s talk about The Advantages of affiliate marketing.

 

So we briefly discussed a little bit about this before, but the beauty of affiliate marketing is that you don’t have to do everything that the vendor does and that includes the following: #1 is you don’t have to provide customer supports extensively. You do have to provide a little bit of customer support, especially if you offer a bonus, bonus meaning somebody gets it for free if they buy through your affiliate link, so it's an incentive to buy through your affiliate link. However, with that said, that kind of customer support isn’t extensive, meaning that it’s not complex at all, you can either do it yourself or you can hire somebody to do it for you, and typically in that case you don’t need somebody who has the ability to troubleshoot really rapidly. So in other words, it’s a lot easier to find these people or do it yourself. And we'll talk more about bonuses and how they can help you convert more sales and ultimately beat your competition, and by competition I’m talking about other affiliates that are selling the same product. But other than that you don’t really have a lot of support compared to that of the vendor.

 

Another advantage is this, you don’t have to update the product, I mean think about it, this is a huge, huge one, in fact, as a vendor a lot of times you have to update the product. If it’s a software, you have to update the features and make sure that it is compatible with everybody’s computer and makes it work, if it’s a video course you need to make sure that the content is updated and not outdates, or if it’s an e-book or a content piece - same thing. And the thing about affiliate marketing is you don’t have to worry about any of that and that’s the beauty.

 

Another great advantage is that it takes less money to actually get started, you do need a little bit amount of money, but not a lot. But that amount of money needs to be focused on, #1 - reviewing the product, #2 - traffic and making sales, #3 - it could be landing pages, setting up landing pages, web hosting, domains, items that you use in your videos, things like that. But there is basically not a lot of overhead as far as that goes, so you don’t need to have a lot of money, but you do need a little bit amount of money and some basic expenses.

 

Another advantage is promoting somebody’s other products can usually take days or weeks max. Did I say max, because a lot of times it can take days, or even a day or even less than a day. So with affiliate marketing usually the process goes like this - you look at somebody’s products, you find it, you buy it, you review the product, you figure out why somebody would want to buy that product, and then you figure out the weaknesses, the strengths, everything about it, you create your bonus and then you set up your own review site. And then you can focus on traffic and conventions and all that. But usually at the end of the day after setting up your bonus, incentivize landing page and all that, that usually takes about day or few days honestly. Now there is a learning curve of course, you are going to need to master or get a better idea on how to drive traffic or you are going to need to hire somebody that really understands that area. But at the end of the day that’s really all you need to have, once you've mastered traffic in fact, you can sell your own products. So there are many different traffic sources that you can use, you can use paid traffic, you can use search engine optimization, which is ranking on Google, ranking on YouTube. But the reality is that you are not having to worry about 20, 30, 40 different moving parts that the vendor has to worry about. For you it's typically like 10 or 15 moving parts or less.

 

So with that said let's move on to Video @4 and talk about The Disadvantages.