What is the Affiliate Marketing Success Formula?!
Do you wonder if there’s an affiliate marketing success formula you can follow to help you make money in this business? Clearly there are front runners in affiliate marketing that are making a killing at this, right? So what is the affiliate marketing success formula that makes one a winner at this?
I’ve been earning a full-time living from affiliate marketing for 9 years and I can tell you from personal experience that affiliate marketing success stories stem from the same ingredients. While each recipe might be tweaked a little differently, the ingredients for the success formula are always the same.
The Ingredients for the Affiliate Marketing Success Formula
Every successful affiliate marketer has some sort of education they are building off of. Even the self-taught marketers, are educated through experience. You can’t expect to go very far without learning the ropes. There are a lot of different ways to make money in affiliate marketing and that can make finding the right education hard. You need to figure out what sort of affiliate marketing you want to do.
The way that I make money though affiliate marketing is by blogging. Blogging and affiliate marketing go hand in hand together if you like to write. What I like about blogging for an affiliate marketing income is that I can choose the topic that I want to write about and suggest products that are relevant to it. Because there are so many different affiliate marketing programs to join, it makes it easy to find products to recommend to my readers as a blogger.
I didn’t just come out of the gate great at making money with affiliate marketing and blogging, I had to invest in an education myself and learn the ropes. Over time, I became a really great blogger and affiliate marketer in my niche. The first ingredient in your affiliate marketing success formula is going to be education.
In order to be good at this, you have to understand what’s going on behind the scenes with affiliate marketing. You can possibly run a business online that you know nothing about. It’s going to take education. Whether it’s you surfing the net for hours educating yourself or buying an ebook or video course geared at affiliate marketing. Start somewhere! The first ingredient to this affiliate marketing success formula is education!
Every business in the world has to make an investment in itself. If you are not willing to part with any money at all, you really need to re-evaluate your relationship with money before you even think about starting a business. No, seriously, you do! Any business is going to require you to invest into it in order for it to grow and be successful and you have to be willing to take a leap of faith here and there.
Educational supplies cost money and affiliate marketing tools cost money (website hosting, domain, keyword tools, etc)! These things will cost you some money and the more money you make, the more expenses you will have in business. “Where money flows it grows!” If you are not willing to let money flow through your business so that you can invest in the things it needs to make it grow, you will not have success in affiliate marketing. Investment is the second ingredient you need in the affiliate marketing success formula.
Support is vital to the success of any affiliate marketer. You have to surround yourself with like-minded individuals or you are just asking for failure. Affiliate marketing is a business that requires you to be around people who do what you do. Not only do you want to “be in the know” about recent events in search engines optimization, keyword tactics, social media strategies, etc – but you need to be around people who are “different” in their career path choice.
People with your average 9-5 job are not going to relate to an internet marketer. If you are just starting out in affiliate marketing, the best thing you can do for yourself is find people who also do affiliate marketing and hang out with them. Every successful affiliate marketer hangs out with people who do what they do. You’re not ordinary anymore, you’re an affiliate marketer and you need support from those like you.
Do you believe that you have what it takes to be an affiliate marketer? Do you take chances? Do you step out of your comfort zone into the unknown? A big ingredient in the formula for success in affiliate marketing is FAITH! This is a business that requires you to take some chances and step out of your comfort zone. It takes faith to do that. It takes faith to move forward in business and be successful.
The definition of faith is put like this, “faith is confidence in what we hope for and assurance about what we do not see.” You’re not always going to see the answers right away in affiliate marketing and staying in faith is a big part of this business. Every single successful affiliate marketer steps out in faith and takes chances. They dare to be different! They dare to make their own way.
If you’re comfortable in your comfort zone, not growing, not changing, not exploring, not learning, not experimenting – you’re missing a huge part of the recipe for success. You have to be confident and willing to step out! It takes faith to do that!
Commitment is a huge part of what it takes to be an affiliate marketing success! If you can’t commit to your business and growing your business then you might as well grab an application to Mc Donald’s and call it a day. Commitment is the main reason most people don’t even get started in affiliate marketing. Everyone loves the sound of making money from home on the computer but when they find out that they’re actually going to have to commit to learning and investing in the business – they stop dead in their tracks.
Commitment is a large part of the affiliate marketing success formula because without commitment you won’t move forward when things get tough. There will be times in this business that things don’t go your way – what are you going to do then?
There has to be a huge level of commitment on your part to keep going even when you don’t see the money coming in. There has to be commitment when you run into problems that make you want to pull out your hair. There has to be a level commitment to wake up every single day and take time to invest into your business. Commitment is a large part of this and every successful affiliate marketer has it.
Successful affiliate marketers have a mentor. It’s usually someone they admire in business that helps answer tougher questions that Google may not have the answers too. Almost every successful affiliate marketing professional I know has a mentor. Some pay for one, some do not. A mentor is someone that you can go to for life and business coaching. It’s someone you admire and trust.
I personally have a mentor that I see once a month to refresh my mind and help be gain clarity. My mentor is not only someone in business but also a woman of faith that I admire. My mentor is bold, confident, and successful. Find someone you look up to in business and life and consider asking them to mentor you. You may have to give up something, you may not – but the wisdom you’ll receive is priceless.
The most successful affiliate marketers I know are extremely motivated to pursue their dreams. Motivation for success comes in a variety of ways to different people but it’s definitely a key ingredient! You won’t move forward if you’re not motivated too. Whether its your family, your faith, your dreams, your passions, your vision, whatever it is…. motivation is a big part of affiliate marketing success.
One of the ways that I stay motivated each day is waking up and reading something inspirational or watching a motivational video. The very first thing do in the morning is fill my head with thoughts of success and prosperity. In my coaching group, we call this “the inner game” because it’s vital to the success of an affiliate marketer. You’ve got to get in your own head and take those thoughts by the reigns and steer them in the right direction! All great affiliate marketing professionals are motivated!
When it comes to working online, you have to be prepared to go with the flow. There are always going to be changes in algorithms, social media, affiliate rules and other things that you just can’t control. You’ve got to be a flexible person ready to adapt to these changes or else this business will swallow you up. You get to be a flexible person in this business by just letting go and adjusting your sails to the wind.
Most of the successful affiliate marketers I know are very generous with their money, their knowledge and their time. The more you give in this business the more you will get. It may not seem like it all the time, but just keep paying your dues and being a giver and you’ll see a lot of good opportunities and connections come your way. A key part of the affiliate marketing success formula is how much you give. How much of yourself do you put into what you do? How of yourself are you giving to others? Good affiliate marketers are givers and as a result, gainers!
There are two types of “games” we always mention in our Pajama Affiliates Mastermind group; the inner game and the long game. To be good at internet marketing you need to work on your inner game. The inner game is about what you believe on the inside.
The Inner Game
Do you have big dreams or do you just want to make enough to pay this or that bill? Do you know there is no limit to the amount of money you can make or do you just hope that there’s something in this for you? What you believe inside will determined your success in affiliate marketing.
The Long Game
It takes time to learn and grow an abundant and fruitful business. It takes time to learn the ins-and-outs and build quality content. It takes to learn how to convert sales with your audience. It takes time to build a successful business and you have to be willing to put in that that time. There are no get-rich-quick-schemes that work in this business. In order to build a residual income that pays you over and over again every day means taking the time to figure out what makes that wheel of money turn. The more you know your affiliate marketing business, the more success you’re going to have – and that comes with time my friend.
I began this journey 9 years ago. I didn’t just get here but now I live like no one else because I took the time to apply myself to the process. The affiliate marketing success formula consists of you possessing the qualities and characteristics mentioned. Those are the qualities champions possess.