In this particular weekly live event on Wealthy Affiliate, Kyle gives an hour dissertation on his 14 years of experience as an affiliate marketer, sharing his secrets to success! He gives a true understanding of what it takes to be a powerhouse affiliate marketer on today’s internet! Learn from one of the most brilliant marketers on the planet as he shares all in his live training!
Here are just a few of the highlights of this amazing hour-long training by one of the owners of the Wealthy Affiliate Platform and the Jaaxy Keyword Research Tool! Kyle discusses setting up and maintaining a successful affiliate marketing business! Here are his tips!
Treat it like a business!
Kyle stresses the importance of your mindset when it comes to this business. You should not be saying things like, “I’m trying to make money online,” or “I hope this works.” Treat this like a real business, because it is! Dedicate your time and energy, set up a business plan, set goals and schedule your time and tasks!
Choose your niche with passion!
You can enter into any niche, even if you don’t have a lot of knowledge about it! The one thing he suggests you do have is passion for your niche. Creating an affiliate niche website requires you to immerse yourself in that niche, researching and writing content about it.
You will enjoy it much more, and create much more content, if your niche is something you have a passion for.
This is a learning process!
A niche is an audience of people who are interested in something. It might be baby strollers, sunglasses, or a favorite sport. Whatever it is, you need to connect to these people and engage them. You need to become an authority, and the people (your traffic) need to trust you. This is critical, and a sometimes overlooked aspect of the business!
Keep it simple!
Kyle said that a lot of marketers overthink the process. It really is a simple business at its core, and Kyle recommends strongly that you not over-complicate it! The Wealthy Affiliate program teaches you step-by-step exactly how to set up the business, even your websites, so you don’t want to skip over things or get antsy and try to do too many “strategies.”
As he says, “Don’t chase after every shiny object” because it will distract you from following the program. Don’t get discouraged when you don’t immediately get traffic and make money; affiliate marketing takes time. Remember, you are building a business. Set your proper foundation by following the proven program, and you will make money! There is potential to make a lot of money!
Diversity your products!
When choosing your niche, you want it to be specific but not too narrow. You want to have a variety of products and/or services to provide to your readers, not just one type of product. You will narrow down your audience if you don’t have an array of products and/or services, but you also don’t want to sell everything under the sun.
Stick to products and/or services that your niche market wants and are interested in buying. This is also where it comes in handy for you to like your own niche because you know what you would want to buy, right?
Diversity your Affiliate Merchants!
Amazon is an amazing merchant because they offer upwards of 70,000 products! You can probably find just about anything you’re looking for in your niche on Amazon. I use them for my health and wellness website, and I love them!
That being said, there are thousands of merchants out there, and hundreds of networks as well. Don’t limit yourself to one merchant; diversify!! You will be heartbroken if you only use one merchant and your agreement with that merchant gets terminated. It happens, so your best practice is to research and find products sold by a variety of merchants and set up agreements with them.
There are formulas determining profitability of specific products which are taught throughout the Wealthy Affiliate University, so take advantage of this training if you are a Premium member. Your time is worth something, and so is your money. This becomes especially important if you are using any paid advertising routes. Regardless, you should set goals and then figure out how many sales of a given product you would need to meet those goals.
As an example, if you goal is $1,000 a month, and you have a $100 product that pays 10%, you would receive $10 per sale which means you would need 100 sales of that product per month. If you are selling a $100 product with a 50% commission, or $50 per sale, you would need 20 sales per month.
Use these formulas to help you determine the best avenue for you.
Use Long-Tail Keywords
Keywords are the search terms people type into search engines (like Google or Bing) when they are searching for information or solutions. Long-tail keywords are longer phrases, almost like a sentence.
An example of a long-tail keyword phrase would be, “How to make money online with affiliate marketing” vs. a short keyword like “make money.”
When you use long-tail keywords, you open your site up to ranking for the shorter keywords inside. In the example phrase, your site might also rank for:
- How to make money
- Make money
- Make money online
- Affiliate Marketing
- Make money online with affiliate marketing
Focus on Low-Hanging Fruit!
This is especially true when you are starting out, but it is, in general, a good way to run your business! Low hanging fruit are keyword phrases that have low competition. This is where the Jaaxy keyword research tool is invaluable. It is included in the free Wealthy Affiliate Starter membership with 30 searches, and you get unlimited searches with the Premium membership.
Kyle recommends that for new sites, you only use keywords that have less than 100 other sites trying to rank for it, and if you are more established, stay under 300 competition. Myself, personally, I try to stay under 50 sites for competition. I like the low-hanging fruit. It is far easier to rank.
Jaaxy also shows you how many monthly searches your keyword phrase gets every month, so you can be sure to target keyword phrases that get a high volume of searches. Jaaxy is invaluable, and you can read all about the program (and try it free) here: ABOUT JAAXY & TRY IT FREE HERE
Why people fail!
1) They focus on the wrong thing! This is one of the main reasons marketers fail. They forget to focus on the human factor! You have to remember that the first and primary reason for your site is to offer help, advice and solutions to your niche readers. That has to remain #1 in your mind!
Marketers spend so much time trying to “optimize” their site and sell products that they forget the people they are supposed to be trying to help.
2) They try too many strategies! The other reason people fail is they try to put too many irons in the fire at one time. There are many ways to drive traffic (people) to your website, but you honestly don’t have to do all of them.
There are organic traffic (SEO) techniques, Facebook advertising, Pay-Per-Click ads, guest blogging, YouTube videos, and on and on. Focus your energy! You want to become an expert in a strategy instead of half-heartedly doing a whole bunch of things.
3) They can’t think of new things to write about! This is another place where Wealthy Affiliate shines! They teach you all about the importance of producing relevant, consistent, timely content on your site! It can be challenging to continuously think of new things to write about.
Wealthy Affiliate teaches multiple ways to come up with creative ideas for articles. One idea he gives that I really like is setting up a Google Alert for your niche. This helps you keep your finger on the pulse for your various keywords. You’ll get emails giving you new, fresh ideas and information! That’s just one idea!
I hope you got some great value from this overview of Kyle’s Live Training Class. If you would like to be a part of these weekly classes, learning live from some of the most successful marketers on the internet, you can join the Wealthy Affiliate community!
Wealthy Affiliate offers everything you need to become a successful internet marketer! Take a look at this article which gives an overview of the program: ABOUT WEALTHY AFFILIATE
I would love to hear from you! Please leave a comment or a question in the comments area below. If you would prefer to contact me personally, you can always email me at Babs@CoachingforInternetMarketers.com. I look forward to hearing from you!
Starting out can be tough, I know, so I will also be sharing lots of free resources to get you going.I am dedicated to providing this information to my readers, and I hope you always feel free to reach out to me.
Thanks for visiting my page!
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