When it comes to finances I am not a wizard! I even convinced my school counselor in High School that I didn’t need anymore math.  I only took a semester of Geometry and no Algebra.  So when it came time to budgeting and balancing a check book I wasn’t great.  About eight years ago I got a free copy of Quicken with my Turbo Tax.  I downloaded it and found that it would balance everything for me.  I later bought Quicken Home and Business. This helped me keep track of all the business expenses and income that I received as well as my family finances!

Why buy Quicken Home and Business?

Are you wondering why I am sharing this with you?  I am getting to a point.  My accountability partner Angie Newton and I were talking a few weeks ago.  She shared with me how behind she is in balancing her check book.  This was such a burden on her.  As we talked I could feel the weight on her shoulders to get it done.  I told her about Quicken.  These are some of the things I shared with her:

• With Quicken I don’t have to worry about putting in every receipt because it is connected to my Credit Union.  I press a button and Quicken Home and Business will update all the recent transactions.  Then all I need to do is match them up with what I have already recorded.
• I can keep track of when my bills need to be paid.  I also can include all your bills, such as: utilities, cable, internet, mortgage, insurance, etc.  When it is close to the date these are due I will get a reminder within Quicken.  I can even set up a reminder on my desktop. Read more »

If you have followed me in my journey to find a business I love you know that I have decided to focus on affiliate marketing. When I talk about it do you ever wonder, what in the heck is affiliate marketing?  Maybe you don’t but I want to help those that don’t get it.

In the last few months I have been talking to people that I know, but don’t know what I do.  When I tell them I work at home doing affiliate marketing I always, back that statement up by asking them if they know what that is.  Most of the time they say “No”.

What is Affiliate Marketing?

By definition from Websters Online Dictionary and affiliate is: “A subordinate or subsidiary associate; a person who is affiliated with another or with an organization.”  This is absolutely true an affiliate is someone who has associated with a retail company or someone selling a product.  Now affiliate marketing is marketing for that company or person.

You become an affiliate by applying to an affiliate program.  You can go to affiliate networks such as Commission Junction, Click bank or Pepper Jam Network. These networks have many companies and products that you can become affiliates for. In other words sell their products and get paid for it.  Each company and program will offer a different percentage of commission for products that are sold through your link. You can also find a company or product you want to be an affiliate for and contact them to see if they have an affiliate program. The Super Affiliate Handbook goes into great detail about this.

How do you market a product or program?

Okay, so you have picked out one product or service and are now their affiliate.  What do you do now? You can market a product or program in many, many different ways.  The key is to have someone to talk to that would be interested in what you have to offer.  A few ways you can promote a product is with a blog, a mailing (e-mail) list, forums, an e-book, all of these things and others!

How in the world do I get paid for affiliate marketing?

When you sign up for an affiliate program you are given your own unique URL or website link.  When you are promoting this product or service to your market you use that link in your blog post, Facebook message, Twitter message, etc.  For example say my niche is Barbie dolls.  I sign up for Mattel as an affiliate.  I have a link that looks like this: http://mattel.com/aid=12349.  Now that number at the end is my member identification or affiliate number.  When I am talking about Barbie dolls on my blog, the Barbie Doll Collector, I would hyper link an image and/or the word Barbie dolls to the my affiliate link: http://mattel.com/aid=12349.

So far, so good right? Now if someone clicks on that link and buys something from Mattel you will get the 4% commission on whatever they buy.  So if they buy a collectors doll for $100 you will get paid $4.

Get the idea?  Now if you have a list of moms who want to work at home or maybe want to have their own blog you can offer them a start up guide that is free and include links to GoDaddy for the domain, Hostgator for hosting, maybe Aweber for a list management system and maybe a mom mastermind forum like Mom Masterminds.

How do you make a lot of money doing this?

Great question!  You create multiple product pages or posts on your blog, reports, e-books, articles, Squidoo lenses.  Cover all of the social media sites with great content free and paid when you do, include your affiliate links.  Make sure you follow the rules on forums and other social media sites when you do this but there are so many things you can do with affiliate links!  At NAMS we talked about strategies for social marketing.  This is a great way to get yourself out there and also an opportunity to share your affiliate links.

I hope this answers the question: what is affiliate marketing. If you have any other questions let me know!  If you want to see someone who has been very successful in affiliate marketing check out this interview of Lynn Terry. This is a PDF transcript of an interview Nicole Dean did of Lynn Terry.  This was my very first introduction to Lynn and as you know I am a huge fan!

Best,

PS. If you are going to take a serious look at doing affiliate marketing as a business make sure you get the Super Affiliate Handbook by Rosalind Gardner.  She gives you a clear picture as to what it is affiliate marketing is and how to be successful!

photo credit: ElizabethHudy

Happiness is the meaning and the purpose of life, the whole aim and end of human existence.

Aristotle

Love is when the other person’s happiness is more important than your own.

H. Jackson Brown, Jr.

In the next few weeks I am going to cover some basics of affiliate marketing. Today, I am going to give you a bit of a history about me and share with you my favorite affiliate marketing ebook: Super Affiliate Handbook! This is the book that changed everything for me in business online and it happened over six years ago.

Super Affiliate Handbook, the affiliate marketing ebook!

I have always had the entrepreneurial bug!  I was never great in school and I didn’t finish college but I always felt like their were great things ahead for me.  I got married and had my first two children in the first two years of being married.  All along I was always thinking “What can I do to make money?”.  In 2003 I started an eBay business.  I made money but it was a lot of work! Work that I didn’t enjoy.  After that I found my first affiliate marketing ebook by Rosalind Gardner.  I had no idea what affiliate marketing was.  I was really clueless that anyone did such a thing.  I thought it was great that you could get paid when people clicked through a link on your website and bought something.  I also thought it wasn’t going to be a lot of work.  Boy, was I wrong (it is work I love though)!

When I purchased the Super Affiliate Handbook, I learned how to set up a affiliate marketing business, step by step.  To be honest this is one of the first ebooks I had read all the way through!  Not only did I read it all the way through but I made my husband read it too!  We were on board.  I purchased a domain and I used site build-it to create the website.  We created a few pages and then we did nothing more.  I am not sure what happened maybe self-doubt set in, but in 2003 that was then end of affiliate marketing for me.

Super Affiliate Handbook was always in the back of my mind.

After my experience with my first try at affiliate marketing I went onto some other businesses.  Ebay again and a company called Melaleuca (I still get a check from them each month).  Last year I got the bug again.  I decided I am not going to try to make money fast.  I want to make money consistently and have a business to last forever.  My mind immediately went back to affiliate marketing and the Super Affiliate Handbook!  That is when I started this blog and I started looking over the ebook again.  I still had that copy from 2003 on a CD.  I decided to go ahead and purchase it again to get the latest version.  Rosalind Gardner is the author and she has done a fabulous job of keeping it up-to-date and covering all the bases!

Once again I began to learn all about affiliate marketing and all the changes!  I also found Lynn Terry and the Elite group to answer questions I have had. Since last year I have made some money.  I am not making nearly as much as I would like but I am learning so much as I go.  I also know that this business is a snowball business.  It will grow and pick up speed!

Affiliate Marketing is a business that will last.

I have felt from the first time I read the Super Affiliate Handbook that affiliate marketing is a business that I would enjoy and that would last.  Just like all businesses you must stay on top of the changes in the industry but it is possible to make consistent money, pay-off debts and save for the future.  This is why I have chosen this business to focus on!

If you are not so sure about what affiliate marketing is, how to do it or whether it is for you keep following this blog for my blog series on affiliate marketing.  I am not an expert but I do know a lot.  If you want a comprehensive view of affiliate marketing get the Super Affiliate Handbook by Rosalind Gardner!

Until next time,

PS. My last two post I have written about the Niche Affiliate Marketing System workshop.  This workshop was focused on how to run an affiliate marketing business.  You can still purchase a flash drive with power point presentations and audio of the speakers here.