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136: How to Start Affiliate Marketing in 2024 | Unlock Additional Revenue
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In this episode of the More Than Social podcast, we discuss affiliate marketing as a strategy for business owners and entrepreneurs to generate additional revenue streams and how to start affiliate marketing in 2024. I'm no stranger to affiliate marketing, and I've been doing it for years. I start by sharing my journey in affiliate marketing, selling high-ticket items for commission, which laid the groundwork for launching my own business. We discuss the difference between affiliate marketing and network marketing and emphasize the potential of affiliate marketing to supplement existing income by promoting products or services that you already use and believe in. We also cover practical tips on how to seamlessly integrate affiliate marketing into one's business model, leveraging it to alleviate financial stress and achieve financial goals. Business owners can create passive income streams without significant additional effort by recommending tools, programs, or services that are already in use and trusted. We talk about:
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- 00:00 Intro
- 01:29 What is affiliate marketing
- 02:49 The difference between affiliate marketing and network marketing
- 03:38 Using affiliate marketing as a full business vs. another stream of income
- 05:11 How I got started with affiliate marketing
- 07:12 Getting the product you're recommending to stand out
- 09:29 Challenging the idea that affiliate marketing is "scammy"
- 12:56 High ticket vs. other offers
- 13:47 Generating multiple income streams
- 17:00 First goal: cover your costs
- 20:20 Market things you have used and can stand by
- 22:07 Where to look for affiliate programs
- 23:12 The 4 questions to ask yourself getting into affiliate marketing
- 25:18 Promo codes vs. links
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