What is Affiliate Marketing?
What is affiliate marketing? That was my question. While teaching myself about an entirely different topic (Facebook marketing), I stumbled across the topic of affiliate marketing. I was immediately intrigued.
Affiliate marketing is when you sell a product for someone else and receive a commission for it. same as any other type of commission-based sales. Car sales, furniture sales, etc. I use a myriad of tools to power my business. On my resources page, there is a list of tools I recommend and why I like them. I am a Blogger, Vlogger and a Digital Affiliate Marketer. My videos, blog and all other content I create contain affiliate links. This means I receive a commission when you click the links and purchase the digital products I share with you. This is affiliate marketing. I share valuable knowledge with you and in return, I make some money as you build your business.
There are many places to find the right products you are looking for. You can learn all about finding the right products here.
As I began to read more, I became more and more excited. At the time, I was operating a collapsible, plastic travel flask business that enabled people to transport their wine and spirits in areas where glass bottles and/or metal flasks were not allowed such as boating, camping, movie theaters, sporting events and cruise ships. It was a cool product that many found very useful.
In my humble opinion, digital products and tools trump physical products and tools all day long. Affiliate marketing incorporates both. The good news you can focus on just digital products if that is what you want to do. That is definitely what I wanted to do.
That was the last day I worked on that flask business. It was a fun business but the numbers didn’t make sense. I immediately dropped what I was doing with it, halted all outgoing costs associated with it and went full-steam ahead with my new affiliate marketing business.
The Advance Dynamix name and logo had been bouncing around in my head for several years but I had just never really come up with any ideas as to how to implement them into a business. I had always been passionate about learning as much as I could about the 4M’s (Mindset, Motivation, Marketing and Making Money).
Suddenly, it all came together in my mind in a matter of seconds like a big magnet falling into a pile of ball-bearings.
The Secret Ingredient To An Affiliate Marketing Business
There are a lot of “guru’s” out there who teach about affiliate marketing. Unfortunately, many of them miss the key ingredient to being super-successful and making a lot of money. That secret ingredient is your profit margin. Fortunately for me, the mentor I had found had already figured this out and was able to point me in the right direction. Fortunately for you, now that you understand this concept, you will set your business up properly too so you won’t be setting yourself up for failure.
MJ DeMarco covers this concept well in his book, The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime. (By the way, this is the greatest business book of all time in my opinion and I’ve read a ton of ‘em!) MJ tells us we have to sell a million widgets to become a millionaire if our profit is $1 per widget. But, if our widget has a profit margin of $100, we only have to sell 10,000 of ‘em! I know, I know…novel concept, huh? So simple and yet so many really smart people totally miss the mark with it. Hell, I had read MJ’s book many times and STILL started the flask business. What the hell was I thinking!?! Once again, learn from my mistakes, my friend.
The products offered on Advance Dynamix cover the entire profit spectrum. Many are free, many have a low profit-margin, a few have a moderate profit margin and a couple have a very high margin. They all have one thing in common. My approval. If I didn’t believe it was an excellent product that has the potential to help you reach your goals faster, I wouldn’t be telling you about it. I am constantly evaluating new products. Recently, I came across the Facebook Marketing Master’s Course and felt it was much better than the course I had previously purchased and had been recommending. I immediately took the old one down and replaced it with this new one.
Many people focus on becoming affiliates for low-profit amazon products or for one low-cost, digital product. Well, that was the whole damn problem I was running into with the flask business. My most popular products had a profit margin of between $4 and $7 per sale. It doesn’t matter what you are selling, if you are only making a fiverr per each sale, it’s going to take you one hell of a long time to make any decent money whatsoever.
Why are digital products superior to physical products?
I have believed for a long time that digital products are better than physical products for a myriad of reasons.
Unfortunately, there were several issues with the product.
Like any other physical product, I had to order it and wait for it to be received before I could sell it. Once I sold it, I had to ship it and then my customer had to wait for it. In comparison, digital products and digital tools provide instant gratification. That’s a big deal in this day and age.
If I inadvertently sold a product that was defective, my customer had to wait even longer for the replacement. Nevermind the fact it cost me even more money to get them the replacement product. This is a non-issue with digital products and tools.
I had to purchase packaging to ship my product out in. My supplier had to purchase a different packaging to send it to me in. At least I could have saved a little money if I could have reused their packaging but that wasn’t an option either. Digital products don’t require any packaging or shipping.
How Much Can I Make With Affiliate Marketing?
Let’s get one thing straight right off the bat. I’m not the sugar-coater guy. If you are looking for someone to promise that you will become an overnight millionaire and you will begin farting unicorns and rainbows, I’m not your guy. Those “guru’s” make outlandish promises because they think it will make them more sales. Hell, I don’t know, maybe it does. Regardless, I’m not going to bullshit you. Your income totally depends on the work you put in and the decisions you make. If you don’t put in the work, you don’t make the money. If you make poor decisions, you will lose money. I’m sure not going to make you any promises whatsoever. There are a ton of people out there who have tried to become digital marketers and failed miserably for a myriad of reasons. That being said, there are also a lot of ordinary, everyday Joe’s like me and you who have totally changed their lives with this business model.
A Couple of Homeruns
I’m going to tell you about a couple of guys who have stories that are definitely not typical. Not typical at all. Not even likely. Most people will never see this type of result. But, these guys were regular people who tried and were able to put it together. Watching Game of Thrones sure as hell isn’t going to give you the potential to do what they did so how are you going to spend your free time? I know how I’m spending my free time. How you spend yours is totally up to you.
Have you ever heard of Dan Henry? I doubt it. Most people haven’t. He figured out how to quit smoking. He was so excited about his success, he decided to begin writing about it. Last year, he won a Lamborghini from one of his affiliate programs. Today, he makes somewhere north of $300,000 dollars per MONTH! Most people don’t make that kind of money in a year. Hell, many people spend ten years trying to make that much money. That equates into $3.6 MILLION dollars per year.
Remember he doesn’t have the costs associated with physical products. Think about it for a second. What would you do with over $3 million dollars per year in income. What COULD you do with that much money? Dayuuuum! You could help a lot of people and you could have a lot of fun. One thing is for sure, it could sure afford you a heck of a lot more time to spend with your loved ones, couldn’t it?
Dan has an awesome story. You can read it here in this Forbes article.
One of my mentors did over ten years with the United States Military and was halfway through his career, heading toward a very good retirement. He made over $700,000 dollars last year with his affiliate marketing business. Due to his absolutely awesome success, he also left the military last year. What’s funny to me is how many dumbasses have sites and posts out there poo-pooing his success. Calling him a scammer/liar/blah/blah/blah. I’ll never understand some people. Jealousy, I presume. Dude is a genius if you ask me. I’m trying to learn as much as I can from him. He’s 20 years younger than me but he clearly has knowledge I’d like to learn. You’ll never hear me say a bad thing about. I’m too busy trying to learn what he knows and replicate the concepts into what I am building.
As I first write this blog post, it is January 4, 2020. The boys over at Income School just announced yesterday that their business grossed over $1,000,000 in 2019. How exciting! And, Jim just released his first book a couple of days ago too! Great things are happening for those guys and they totally deserve every bit of success they are having. They have helped me a ton and I’m sure they have probably helped you too. Their honesty and sincerity shines through in everything they do. I can’t say enough good about them. Guess what though. Jim didn’t just start his business. He fired up his first blog over ten years ago. So, our takeaway is this: It took him ten years for his business to hit the $1 million dollar per year mark. Was it worth it? I don’t know, you tell me. If you stay at your current job, is there a possibility of you making a million dollars per year with it ten years from now? Or, ever for that matter? No? I didn’t think so. Come on. Let’s get busy. It’s time to put your nose to the grindstone and JUST ROCK IT!