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Affiliate marketing is about making money. Gobs of money. Money for doing nothing. At least thatu2019s what a quick Google search would have you believe, but as usual, the truth is a little more complex than that. Yes, you can make money through affiliate marketing. Good money. And, yes, you can even make money while you sleep. In this post, weu2019re going to teach you how to generate passive income with successful affiliate marketing. If youu2019re brand new to it, this post will help you get started. If youu2019re already into affiliate marketing, youu2019ll probably still find something in here you havenu2019t thought of before. ud83dude42 Before we get in too deep, letu2019s start with a very brief definition. What Is Affiliate Marketing? Affiliate marketing is when an online retailer pays you a commission for traffic or sales generated from your referrals. How Does Affiliate Marketing Work? Affiliate marketing is a simple 3-step process: 1.tYou recommend a product or service to your followers. 2.tYour followers purchase the product or service using your affiliate link. 3.tYou get paid a commission for the sales made using your affiliate link. Getting Started With Affiliate Marketing Now you know the basic definition of affiliate marketing and how the process works, so letu2019s talk about how to get started. Many would-be affiliate marketers donu2019t take the time to plan and instead sign up for every affiliate marketing network or affiliate marketing program they can find. They end up overwhelmed and overloaded. Donu2019t be like them. Take your time and work through these 7 steps if you want to set yourself up for success. Complete the first 4 steps before you even consider promoting a single product. ud83eudd2f 1. Find Your Niche Do you say u201cnitchu201d or u201cneesh?u201d Either way you pronounce it, choosing a niche will give focus to your business and help you with content. Itu2019ll also make it easier to create targeted marketing campaigns. For some people, choosing their niche is the hardest part of starting their own business, but it doesnu2019t have to be that way. To choose your niche, it just takes asking a few questions: u2022tWhat am I passionate about? Typically, the things weu2019re passionate about are things weu2019re also already knowledgeable about, which makes it much easier to create content. u2022tIs this topic big enough? Is there enough to the topic to create up to 100 blog posts? If not, you may struggle with search engine optimization or have trouble developing authority. u2022tIs the niche oversaturated? Is there room for another affiliate in the niche? Before jumping into an overly popular niche and trying to compete with folks whou2019ve been around for a while, maybe give another niche a try. u2022tIs there money in this niche? Money isnu2019t everything, to be sure. If youu2019re interested in a couple of topics and one is a moneymaker, but one isnu2019tu2026 choose the moneymaker. You can check out a niche on an affiliate retailer like WebCource to see if itu2019s worth putting time into it.
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