11. What is affiliate marketing?

 So let's look at what is affiliate marketing in relation to click prank.

And the starting point is to define what an affiliate's role is.

So an affiliate finds buyers for other people's goods and services.

Now these can be physical products which are never handled by the affiliate and dealt with and shipped

by the seller.

Or they can be digital products which are streamed and downloaded again by the purchaser.

Benefit being that the affiliate has no dealings with the customer.

So an affiliate operates a very proactive marketing to build contact lists and these lists have a tremendous

value.

We're going to look at the value would say health and well-being in a second but I've got a question

for you.

Which is better to have the best product in the world or to have the best distribution in the world

because you could have the best product but you may never be able to get it to the marketplace because

you have no distribution.

But if you've got distribution and you can get to the customers you can sell anything.

And this is why affiliates are so important to retailers to people like kickback.

So dealing with the issue of health and well-being you might want to develop a good relationship with

your client base and go out with different ideas in terms of dieting and courses and training and courses

and different ideas on cooking and meditation.

And that's what bank gives you.

It gives you all of these courses and because everybody likes to a different type of training.

You know you might go out with two or three different types of training courses.

So what click bank allows you to do is to keep offering different types of valuable courses to your

members.

So let's look at the purchasing process.

You have a buyer and in most cases usually around about 70 percent to go direct to the seller.

But this is important affiliate's affiliate income picks up run about 30 percent of all sales.

Now the buyer might see an advert that the affiliate places or review or recommendation or the e-mail

lists and then because of that they click on a link and they go direct through to the seller make the

purchase.

And this is why it works so well with kickback.

You then get a revenue that comes back from doing that.

So let's look at this specifically with regard to one retailer in this case Amazon Amazon.

Amazon's revenue for the last 12 months was two hundred forty one billion worldwide.

But 30 percent of that has come from affiliates people you know that are able to recommend a product

that's on Amazon.

So Amazon's revenue from affiliates represents 72 billion.

And Amazon pays commission so on things like technology and gaming it's as low as 4 percent it can go

up to 6 percent.

But even a 4 percent is nearly three billion dollars has been paid to affiliates.

If you're dealing with clothing and furniture you know you're between seven and 12 percent which is

still a minimum another 5 billion.

So you can see the amount of revenues that can be attracted from people buying things as an affiliate.

So let's deal with one specific affiliate.

This had an incredibly successful track record.

A gentleman called Pat Flynn.

So you can see from this Forbes article he's generated over three million in what they call in this

passive income promoting other people's products.

So what Pat does is is he builds an audience through e-mail lists.

He's big into podcasting very large on YouTube in terms of subscribers and then basically he's able

to provide all of his customers with relevant products.

Now here he owns his own courses but most of his income comes from other people.

And as you can see by the image of the bottom 10 percent of a three hundred thousand dollars has come

from promoting one product.

And this is important that you get the right niche and then you can add the right product and then you

generate an income.

We have no stock and you have no dealing with the customers.

And that's what click buy gives you.

So what we're going to be able to do is walk you through this click bait process been able to use their

courses to promote to your client base and then add more and more courses as you go along.

So you're providing the best of advice.