Affiliate Marketing is the process of earning a commission from someone else's product (physical or digital).
You earn a commission by way of an affiliate link that is hard-coded to you, the affiliate.
As an affiliate marketer, you can promote a wide number of products in just about any niche imaginable.
The big niches to promote in are as follows: health, wealth, and relationships.
Of course, there are sub-niches within these larger niches.
Also, there are well established niches outside the big three, such as:
- Dog training
- Language learning
Who Is Affiliate Marketing For?
There are many people who would like to explore the opportunity of affiliate marketing in 2020...
...as it's well known that affiliate marketing is one of the best ways to earn on online.
Now with Covid19's "second wave" forcing many people to work remotely...
...affiliate marketing looks to be one of the best ways to earn for those who want to work from home.
One of the biggest appeals of affiliate marketing is you are not responsible for product creation.
In many cases, you do not have to create any of the marketing material yourself.
Marketplaces such as Clickbank or JV Zoo have banners, email swipes, marketing videos, all done for you.
The advantages are clear enough:
- No inventory needed
- No support needed
- No tech skills required
- Live anywhere you want
- Live the laptop lifestyle
- Create a passive income stream (make money while you sleep).
Although the prospect of working online is still a new concept to many people...
...the online marketing industry as a whole is growing rapidly.
In fact, as of 2020, digital advertising is a 192 billion dollar industry.
And what's amazing is that this industry is in its early years and by no means saturated.
Opportunity exists for anyone who wants to take a piece of this gigantic pie.
It's evident that now is the time to to get started with affiliate marketing...
...but how and what is the best way to get started?
Does Amazon Have The Best Affiliate Program?
One of the most well-known affiliate program is Amazon's called "Amazon Associates."
If, say, you have a blog in the camping/outdoors niche, you can monetize with Amazon's products.
All the visitor has to do to is click on the banner and you will earn a commission.
However, in our opinion, the Amazon Associates program is not the best way to monetize your website.
Nor, in general, is it the best way to earn affiliate commissions.
As of April 2020, Amazon slashed the commission rates for their affiliates.
Commissions on furniture and home improvement items fell from 8% to 3%.
Take home percentage on staple items dropped from 5% to 1%.
Since this drop, not surprisingly, Amazon affiliates have jumped ship to other affiliate programs.
The Best Affiliate Program For Digital Products
For selling a wide-range of digital products online, nothing beats Clickbank.
Even though you can sell both physical AND digital product on the platform...
....Clickbank specializes in digital products in various niches.
Here are a few of the most lucrative niches on Clickbank with the highest selling products.
- Employment & Jobs
- Health & Fitness
- Self-Help Help
Other affiliate marketing marketplaces include Warrior Plus and JV Zoo.
These are especially good for anyone interested in make money online and internet marketing.