How do you make money through affiliate marketing? And what is affiliate marketing, anyway? Let me explain by first asking a few questions.
Who among us knows everything? As limited beings, we generally welcome recommendations.
We want to know:
- where is the best place to have a birthday party for our kids
- where can I buy organic produce/products
- which gym gives the best value for my money
- which credit card pays me to use their cards
- which diapers are best for my baby, etc.
If you know the answers to some of these questions and can recommend a product or a business, then you can be paid for pointing people to that business by that business. It’s a win-win-win situation for you, your listener/reader, and the business in question.
There is a name for this 3-way win situation. It’s called affiliate marketing. It is one of the best ways to make extra income with little or no money investment. Some people are natural at it, but most of us aren’t. For us who need to learn the ropes, I’d like to recommend a company with 15 years of experience training 1.5 million people to do affiliate marketing at all levels: Wealthy Affiliate.
You can begin your training for free like I did and upgrade when you feel you need more help and/or tools to do your work. There is no risk this way. And you will be learning a lot along the way.
Affiliate marketing is a great way to build passive income. Once your website and links are in place, you can potentially generate quite a bit of extra income.