Why EVERY Business MUST Do Affiliate Marketing

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hey everyone Stefan here from projectlifemastery.com and in this video I’m gonna sell you guys a little bit on affiliate marketing and why I believe that every business out there has to utilize the power of affiliate marketing now if you’re not familiar with what affiliate marketing is it’s basically the process of you earning a commission by promoting someone else’s product or service you have what is called an affiliate link which is basically a link that you have where you link to a product or service when people click that link they get cookie it on their computer so that when they buy it you earn a commission from that it tracks everything automatically okay it’s one of the best ways to make money online because you’re using the power of leverage you didn’t have to create the product or service you didn’t have to create the website customer support deal with all the things with that you’re basically just making money by sending traffic sending your customers visitors subscribers whatever it is to go ahead and buy you know through your affiliate link and then you get credit for that you earn your own a sale you earn commission for that so you’re optimized in using the power of leverage which is a very important thing now the reason why every business has to do affiliate marketing and why it’s a must and why it’s so important is because in your business you’re not going to be everything for everyone it’s impossible there’s no business out there that I know of that is able to be everything for everyone there’s no business that I know of this able to create an unlimited amount of products to solve every problem every need that your customers or subscribers or followers or visitors might have to give you guys an example let’s say that your business is selling them supplements you’re in the supplement nutritional business what you really have to understand is who your customer is in every business you have to understand who is your customer if you’re selling fitness supplements what is the problem that your products solving from you what’s the need that you’re solving well if you’re selling supplements for fitness then you’re basically having customers that are buying your products that are into fitness they’re probably interested in losing weight they’re probably people that want to enhance their physical appearance they’re probably people that you know open to healthy eating they’re you know they’re there you know after a very active lifestyle you know there they want to improve maybe their mindset be more positive develop habits and disciplines and really identify ok who is that customer okay who is the people that are following you or your visitors and traffic on your website once you identify what that is you’re in the business of providing and selling supplements but really your customers that you’re acquiring they have other other needs and other problems that you can help them solve by using the power of leverage so if you’re selling supplements to someone that is into fitness and health well you know there’s only so many products that you can create as a business owner right because launching and creating new products is very time consuming costs a lot of money so if you have people they’re into fitness what other problems do they have what other things can you offer them that can help them meet their goals and solve those problems so that’s where affiliate marketing comes in because now as an affiliate I can find additional products and services where I can partner with different companies and I can promote them to them and they can help further meet their needs and solve their problems so for example you sell supplements you’ve got people they’re interested in health and fitness well what if you went out there you found some fitness equipment that can also help them maybe as some fitness gloves or fitness apparel or you know just general fitness gear and equipment that you can then promote to your customers as an affiliate and so you can earn you can increase the overall transaction value and the lifetime value of that customer just by promoting someone else’s product or service as an affiliate so if you have customers you have up maybe an email list you say hey guys I know you guys are you know great customers you guys love my products but a lot of you know you guys are interested in fitness and I want to share with you guys some great fitness equipment that can further help you to achieve your fitness goals and you have an affiliate link and then if they go ahead and buy you earn a commission from that you know if you’re in the fitness market maybe it could be blenders like a Vitamix blender or a Blendtec blender you can be an affiliate for you didn’t have to create the blender and or anything like that you can be an affiliate and promote it maybe it’s a juicer and that can further help them meet their needs maybe it’s books and video training core courses and information products maybe it’s coaching personal training maybe it’s you know other products or services that can better add value to the customers that you have or the subscribers or the followers you see that’s working smarter not harder because now you’re using leverage now you’re recognizing the fact that you know what I’m in the business of providing this product and I’m not going to create everything but I can partner with other products that exist out there and promote them and earn a commission in doing so okay that’s the power of affiliate marketing in my business I’m in the business of helping people improve every aspect of their life right I want to help people improve their health their body their emotions their relationships their finances their business create freedom spirituality everything and there’s only so many products that I can create and so and there’s some products that there’s no point in me creating because they already exist and someone else has already created them and they’re doing an incredible job and I benefit from it and so in my business instead of trying to invent and create every product out there and try to compete with everybody why not instead just find a great product that I’ve used I’ve tested I believed in I can endorse and share that as an affiliate and if someone decides to buy it through me I can earn a commission in doing so again that’s working smart you know that’s using the power of leverage and the truth is I don’t know a business out there that can’t utilize affiliate marketing I don’t know of any right because every business you’re acquiring customers and they have certain needs and problems and you can increase the overall transaction value by just promoting other complementary products and services I had one person say to me you know Stefan I want to get into the Amazon business or I want to start publishing but I’m not interested in affiliate marketing I said well what are you talking about like how can you not be interested in affiliate marketing like you’re you’re basically saying no to a huge potential revenue stream that you can you can create without having to invent take the risk invest the money and all that sort of stuff I feel the marketing is one of the easiest ways to make money when you have a following or a list of customers because you basically just send out a link and make money just from referring people right it’s again it’s just pure leverage so every business has to leverage and utilize affiliate marketing if you look at some of the biggest businesses out there people they might look up to your respect they all use the power of affiliate marketing right maybe they partner with other products and services they promote them and they’re not trying to compete with everything they’re trying to find complementary things and by the way when you do that then you can also partner they can actually promote you as well right you can do a cross promotions which is really powerful also so it’s understanding that affiliate marketing is an additional income stream that every business can utilize look I don’t care what business that you’re in if you’ve got a spa you know a local spa in your city and people come in and they you know they get their nails done and their hair done and things like that great opportunity provide some additional products or services as an affiliate you know if you have a spa you probably already promote and sell other people’s products but also if you build a list of your customers you can maybe promote and sell other training that might exist out there and increase the overall transaction value right again it’s just leveraging the customers you have to better further meet their needs you know if you’re in the business of helping people to you know gain muscle mass there’s tons of products you can promote and partner with if you’re in the dating market right there’s there’s maybe you know mobile uh you know dating websites that you have affiliate programs there’s maybe certain products maybe there’s an image consultant that you can partner with and earn a commission by promoting their services right it’s always about trying to find what can complement your existing business and really more importantly understanding who your customer is who they are what their problems what their needs are and constantly finding a way to try to solve their problems and meet their needs so that’s the power of affiliate marketing is it gives you the ability to solve problems and help people without you having to actually create the product or service okay every business needs to leverage affiliate marketing and this more specifically if you’ve got a publishing business you’re publishing Kindle books you know you’re acquiring customers that are buying your book for a reason you want to get them on an email list and you want to promote additional products or services that can help them as an affiliate if you’ve got an Amazon business selling gardening products or kitchen products then you know you want to build a list of your customers you want to think okay what are some other products that I can promote as an affiliate maybe it’s recipe books and cookbooks maybe there’s you know other cooking equipment like blenders and stuff like that that can further meet their needs that can be an affiliate for okay so understanding your customer your visitors your subscribers and leveraging affiliate marketing and that’s always the best way to start because once you’ve done that then you can branch off create your own products as well as well as leveraging affiliate marketing they both work together okay so that’s my little spiel on the power of affiliate marketing and a big portion of my income is from affiliate marketing it’s one of the easiest ways that I make money online powerful it’s one of the best ways I make money online by far so I should my favorite way because you know you’re making money pretty easily just by referring and recommending things to people and if you guys want to learn more about affiliate marketing and how to build an affiliate marketing business then I’ve got a great free course available for you just go to affiliate marketing mastery com I’ll have a link below in the description head on over there enter your email address it got a free four-part video series I’ve got an incredible course that teaches my exact strategies for affiliate marketing that’s available there as well but if you guys want to know more check that out definitely we’ll help you out and add a lot of value to your life and your business so thank you guys for watching the video make sure to leave a thumbs up like the video leave a comment and subscribe for more videos and I’ll talk to you guys again soon take care you