Affiliate marketing has had a huge impact on my life, and I have no doubt that if you have been dreaming about starting a wildly profitable business, affiliate marketing will surely have a huge impact on your life too.
It hasn’t been that long when we launched a small niche website with the goals of turning that small blog into a household brand, selling branded products that we had initially promoted as affiliates from competing suppliers.
As you can see below, we are not a household brand yet… But we are earning a passive income leveraging Amazon’s global distribution network!
Like it or not, we just employed Amazon to work for us, picking and packing our orders, offering support to buyers when they need help with our products and at the end of the week, we get an email from Amazon to inform us that we just got paid!
Anyone from anywhere in the world can do this! It’s not easy, and it’s not a get rich quick scheme… but it is one of the most hands off side hustle you can start today!
So today I want to talk about how to start with affiliate marketing while building your wildly profitable business.
Now, if you are completely new to affiliate marketing, this is when an individual gets paid for recommending other people’s products. In return, a fixed amount of money or percentage of the sale is awarded to the referring affiliate. This is also commonly known as affiliate commission.
While insane money can be made through affiliate marketing alone, the affiliate marketing to product launch model works completely different from your
The main goal for starting in the first place is to launch a branded product on the market. Knowing too well that many businesses have failed to successfully launch a product on the market, any prudent business owner would want to do everything possible to eliminate any bottlenecks this is why in our approach, we want to do something slightly different.
Want to follow along? You will need a domain name registration and select the best web hosting for WordPress to build your affiliate marketing website.
Our goal for starting with affiliate marketing is to validate potential business ideas in various niche markets, so we can spot winning products we can use to build a wildly profitable business.
So, while our starting point is earning money online through affiliate marketing, our long term business goals are gonna mostly just be focused on actually finding those products we can use to really dominate the market niche.
Instead of considering affiliate marketing as our long term business model, we want to use it as an Idea validation process.
Benefits For Starting With Affiliate Marketing When Building A Wildly Profitable Business.
1: Affiliate Earnings fund your business capital needs
Anyone starting a business knows that raising capital to fund the business operations is key.
2: Affiliate Marketing Is An Idea To Product & Market Validation
Ask anyone who started a business successfully, and they will tell you how crucial it is for you to validate your business ideas long before you launch a product on the marketplace.
Building a wildly profitable business is a process that can take time and resources altogether. And to actually successfully launch a product on to the marketplace is no easy process.
And we know this because we have done this more than once, seen others give a try and swear never to repeat certain mistakes.
In short, to bring a product to market involves a true investment of time and energy, especially when everything you have is depending on it, I bet you would want the launch to be successful and well received by your audience.
When you start with affiliate marketing as the building block to launch a product on the market, you get a chance to eliminate uncertainty out of the way!
After all, by starting as an affiliate to spot opportunity gaps inside your niche market, you get access to enormous amount of data while you are also building traffic sources, a raving fanbase of potential buyers and an email list to launch the product or service to.
So, without a doubt, I can tell you that starting with the affiliate marketing business model, eliminates most of the pitfalls business startups face as they bring a product or service to market.
So, your product launch certainly deserves to succeed with a robust affiliate marketing base.
How To Start Affiliate Marketing Business?
In a nutshell, the first step in creating an affiliate marketing with the aim of launching a product in the near future is to have an idea that you can run with.
As a business, your goal is to be the solution provider, so when you have an idea of what your business might end up launching on to the market as your product, chances are that your product ideas will evolve as your targeted consumers will be the main decision drivers to what that product would look like.
This is why beginning with affiliate marketing first provides wiggle room ass it allows you to interact with real product users of two or more similar competing products, so your business can launch an improved product on to the market based on real-time customer feedback.
The point is affiliate marketing to product launch allows you to be adaptable on your ideas.
I’ve heard a lot of people say they want to start an Amazon FBA business just because they’ve heard it’s the next big thing or that you could build a business off of it.
And if you are one of those who wants in simply because every grandma, uncles, and cousins are in it too, you probably need to get a good Amazon FBA training and learn from those who have made a success out of their Amazon FBA or drop shipping business model.
I can assure you that if you don’t enjoy the niche market you intend to launch a product on, you’ll have a really hard time getting anybody else to buy into your business brand.
So find something that falls in between the opportunity, interest, and passion first, that way you have a reason to get out of bed and do what you need to do to grow your business from an affiliate marketing stage to launching a product on the market.
For this to work in your favor long term, always consider your affiliate marketing stage as beta testing, even when all your earnings are coming from recommendations that you make on your blog.
Being an affiliate means someone calls the shots over your business, which means you run the risk of being thrown out after the business you are promoting does not need your leads.
Don’t get me wrong, affiliate marketing is a great way to make money online fast, but it is also a great source of traffic or leads to the business running the affiliate marketing program. Which means, if they do not need any more leads, they will pull the affiliate campaign under your feet anytime…
And that’s a good reason enough to make sure that as you start your affiliate blog, make sure that the business model behind it is
Don’t spend years building other people’s email list, instead, start your affiliate marketing with the aim of graduating into becoming your own brand.
There are plenty of perks that come with owning your lane, when you turn the tables and launch your own product, you don’t have to answer to anybody except your customers.
How To Setup Your Affiliate Marketing To Product Launch?
So this part is the easiest of all and I’ll show you how to quickly set up your affiliate marketing to product launch business model.
Here is the step by step guide to becoming an affiliate marketing blogger with the intent of evolving into a household brand long term.
- Step 1: Finding an Idea/Niche.
- Step 1.1: Create Your Article Hitlist.
- Step 2: Choose a Domain Name. ( I got My Domain Free with discounted web hosting from Bluehost)
- Step 3: Pick a Hosting Package.
- Step 4: Install WordPress.
- Step 5: Arrange The Look Of Your Blog. ( Get Premium Theme)
- Step 6: Start Writing in Your Blog.
- Step 7: Make Money as an affiliate marketer.
And make no mistake, I will surely break all these steps in detail, so you can follow them step by step as you build your affiliate business.
First, let’s talk about the process and tools for the job,
The business model – clarity about what exactly is the business
There are numerous business models you can use to start and grow your affiliate marketing business, so being clear of what your business model is going to look like in the beginning and how it will translate into a household brand in a seamless manner is key.
The market – understanding the market in which it will compete
Starting as an affiliate allows your business to learn and adapt all possible scenarios in the early stages of the brand and product development…
It means the more months you spend in researching products, competition and unique selling points of each competitor’s offering, it gives you the edge you need to slide in and dominate the market.
Marketing – how will you find and retain customers?
As affiliate marketing business models come with varying options, you need to zero in to capitalize on marketing channels that allows for both affiliate marketing revenue stream while growing an influence you need to launch and market your products long term.
Are you going to start a blog and review affiliate products while building an audience? With the explosion of video marketing dominating at the moment, will you be marketing with video by starting a Youtube channel?
Or are you thinking about starting a Podcast to grow an audience you can recommend products and services? There is really no shortage of marketing channels anyone can use to get a slice of the market share.
The bigger picture
The bigger picture here is your road to market with your own branded product, however, there are countless
Think of this step – As your Idea testing to see whether your business is feasible.
Personally, I have launched Amazon FBA businesses successfully over the years, thanks to affiliate marketing to product launch model as it allowed me and my team to use affiliate marketing as a fact-finding mission to help us make an informed decision on whether or not to proceed.
The idea here is that once you have confirmed the business is feasible you can turn your attention to whether it will be profitable enough to launch a brand that would equally become a household name.
Defining Business Goals
An obvious place to start is to define, as clearly, carefully and completely as you can, what your small business will be.
In particular, you want to make sure that your choice of business model, specifies
- Who you are (your business name).
- What your business will do (the key activities).
- What it will use (the key inputs).
- Where it will be located.
- What it will sell.
- Who the customers will be.
- Where the customers will be.
- How will you connect with your audience, where will they connect with you or what platforms will you have to go and establish your presence so you can find them?