Module 7 Lesson 3: Affiliates
Summary
TLDRThis affiliate module lesson dives into the ins and outs of affiliate programs, emphasizing the importance of using them with companies you genuinely support. It highlights the benefits of recurring revenue programs like VidIQ, which can build a steady income over time. The speaker advises on negotiating exclusive affiliate deals for higher earnings and stresses the importance of promoting only products you believe in to maintain audience trust. The lesson concludes with a caution against prioritizing affiliate income at the expense of reputation, advocating for genuine product promotion and ethical monetization strategies.
Takeaways
- 😀 Affiliate programs are a great way to earn money by promoting products or services you already use and love.
- 💰 The primary purpose of affiliate programs is to benefit the audience and provide recurring revenue, not just a one-time payment.
- 🔄 Recurring affiliate programs, like VidIQ, offer the advantage of receiving payments every month, building a steady income over time.
- 📈 Companies often provide standard affiliate programs, but it's recommended to ask for exclusive programs with higher commissions.
- 🤝 Negotiate for flat rate sponsorships that come with affiliate links to increase earnings as more people sign up through your link.
- 🔑 When promoting an affiliate product, it's crucial to genuinely believe in its value and explain how it will help the audience.
- 💡 For products like VidIQ, emphasize the benefits such as AI systems trained on your channel data, daily ideas, advanced analytics, and competitor analysis.
- 💸 Justify the price of the affiliate product by showing its value, like VidIQ's comprehensive features starting at just $1.
- 🙅♂️ Never promote a product you don't use or that isn't good; it can harm your reputation and alienate your audience.
- 🚫 Affiliate programs are not the main source of big money, so it's not worth damaging your reputation for short-term gains.
- 📚 Some creators and clients use link cutting in video descriptions for extra cash, but it depends on whether you prioritize YouTube growth or money.
Q & A
What is the main purpose of affiliate programs according to the script?
-The main purpose of affiliate programs is to benefit your audience and also to collect a little bit of money over time, rather than to get super rich.
Why is it important to only use affiliate programs with companies you already use and love?
-It's important because it ensures that you are genuinely recommending a product or service you believe in, which helps maintain trust with your audience.
What is the difference between one-time payment affiliate programs and recurring revenue affiliate programs?
-One-time payment affiliate programs pay you a single commission for a sale, while recurring revenue affiliate programs pay you a commission every month for ongoing subscriptions, allowing you to build up an income over time.
Can you name some examples of companies with one-time payment affiliate programs mentioned in the script?
-Examples of companies with one-time payment affiliate programs mentioned are Artlist and Skillshare.
What is special about the affiliate program of VidIQ according to the speaker?
-VidIQ is special because it is a recurring affiliate program that pays you every single month, which can help build a steady income stream.
What advice does the speaker give regarding negotiating with companies for better affiliate terms?
-The speaker advises to ask if companies have an exclusive affiliate program with a higher commission, and to negotiate for both a flat fee and an affiliate link.
How should creators market affiliate products to their audience according to the script?
-Creators should market affiliate products by showing that they are genuinely good and explaining how they will help the audience.
What is the first step in marketing an affiliate product as suggested by the speaker?
-The first step is to explain why the audience actually needs the affiliate product, highlighting its benefits and relevance to them.
Why is it important to justify the price of the affiliate product to the audience?
-It's important to justify the price to show the audience that they are getting value for their money and that the product is worth the investment.
What is the final piece of advice the speaker gives about promoting affiliate products?
-The final piece of advice is to not lie about using the program or its quality. Only promote products you genuinely use and believe in to maintain audience trust and long-term success.
What is the speaker's opinion on the role of affiliate programs in building a large-scale business?
-The speaker believes that while affiliate programs can provide extra income, they are not where the big money is and should not be at the expense of one's reputation.
Outlines
🤝 Introduction to Affiliate Programs
This paragraph introduces the concept of affiliate programs as a means to monetize one's audience and emphasizes the importance of using such programs only with companies that the creator already uses and loves. It highlights the benefits of recurring revenue programs, such as those offered by VidIQ, which provide a steady income stream over time. The speaker also recommends seeking exclusive affiliate programs with higher commissions and suggests that creators should not promote products they do not genuinely use or that are not beneficial to their audience.
Mindmap
Keywords
💡Affiliate Programs
💡Recurring Revenue
💡One-time Payment
💡AI System
💡Advanced Analytics
💡SEO-based Content
💡Exclusive Affiliate Program
💡Flat Rate Sponsorship
💡Monetization
💡Link Cutting
Highlights
Affiliate programs are a great way to get paid for promoting companies you already use and love.
Use affiliate programs to benefit your audience and earn recurring revenue over time.
Prefer affiliate programs with recurring revenue for long-term income, like VidIQ.
VidIQ is recommended for monetization and growing a YouTube channel.
Most companies offer standard affiliate programs, but inquire about exclusive higher commission ones.
Negotiate flat rate sponsorships with affiliate links for additional revenue.
Market affiliate products by showcasing their genuine benefits to your audience.
Explain the necessity and benefits of the affiliate product, like VidIQ's AI system and analytics.
Justify the price of the affiliate product, emphasizing its value like VidIQ's $1 trial.
Honesty is key - do not promote programs you do not use or that are not beneficial.
Affiliate income should not come at the expense of your reputation for long-term success.
Promote only products you genuinely use to maintain audience trust.
Consider leaving affiliate links in video descriptions for passive income.
Link cutting, linking back to other YouTube videos, can be beneficial for algorithm optimization.
Explore advanced monetization models for building a strong business generating high revenue.
Creators with small followings can still make significant income through effective monetization strategies.
Transcripts
welcome into the affiliate module lesson
where we are going to cover everything
that you need to know about affiliate
programs how to use them when to use
them and when you should say no so with
that said let's go ahead and dive in
affiliate programs are one of the best
ways to get paid when talking about
companies that you already use so if you
don't use a company it doesn't make
sense to do an affiliate program almost
ever I only use affiliate programs with
companies that I already use I already
know and I already love because what an
affiliate program is used for it's not
necessarily used to get you super rich
it's used to benefit your audience and
also you can collect a little bit of
that money over time my favorite
affiliate programs are the ones that
have recurring Revenue that means that
it's not just a one-time payment
companies like art list skillshare all
of those guys are one-time payments now
you can make really good money with that
but when you use an affiliate program
like vid IQ they're a recurring
affiliate that means that you get paid
every single month so when this is done
right it allows you to build up an
income over time because it's not just a
one-time sale right you get one sale and
then it repeats every single month and
when that happens if you get a lot of
those you can just build your way up
slowly and slowly and have a guaranteed
income coming in every single month
which is extremely powerful with that
said cheeky vid IQ plug it's an amazing
program seriously not just for the
monetization but if you really do want
to grow a YouTube channel you it's it's
a huge help it's been a big factor in
amplify views growth and I think if
you're not using it and you want to you
know grow to 100,000 a million
subscribers it's going to be a lot
harder so with that said let's keep
going back to affiliate program programs
most companies will give you a standard
affiliate program when you start you can
usually sign up to those on their
website or you know reach out to one of
their representatives but what I would
always recommend is ask if they have an
exclusive affiliate program with a
higher link and normally you'll have to
reach out to them for this it's usually
best when they reach out to you and then
you ask them about it but for many
creators companies have exclusive
affiliate programs that you know the
masses don't have access to and you can
get paid a lot more over time if you ask
for those so it's 100% worth doing you
can't get what you don't ask for also a
lot of the flat rate sponsorships that
you're going to be doing they come with
affiliate links so try to negotiate
something where you get a flat fee and
an affiliate link because that way the
more people that you sign up the more
you get paid and the best way to Market
these products to an audience is show
them that it is a really genuinely good
product because it is and then
essentially explain how it's going to
help them so I'm going to do this in
real time with fit IQ first you need to
explain why they actually need the
affiliate product right so for vid IQ
it's like okay you get access to an AI
system that's actually taking your
Channel's data and putting it in their
AI so their AI is trained on your data
not just like chat GPT or anything like
that you also get you know access to
tons of daily ideas you can even ask it
to come up with more ideas you get to
see tons of advanced analytics on other
people's videos do you know analyze them
better and learn from them for your own
channel you get to analyze your
competitors and you can also analyze
keywords if you're making more SEO based
content that was also part of explaining
the benefits which is Step number two
and then you want to explain why the
price price is Justified so with vid IQ
you get all of this and more for just $1
you can literally get started for $1
just try it out see if you like it and
if you don't then that's fine just
cancel it the next month but it is
genuinely one of the main tools that I
have used to grow my channels and I
think it would really be a big benefit
to you guys and the final step is don't
lie if you don't use the program or it's
not a good program don't promote it
because your audience is going to get
mad at you if you promote a bad product
and that's not what you want it's not a
way to facilitate long-term success also
affiliate programs are not where the big
money is so it's never worth it to you
know ruin your reputation in any way
even just harm your reputation a little
bit in return for affiliate income it's
not the big play there are much bigger
plays out there and it's it's not worth
it so only promote stuff that you
actually genuinely use you can also just
leave this in your descriptions for
extra cash I typically don't like to
because I like to use something called
link cutting where I just link back to
other YouTube videos because the YouTube
algorithm likes that but you can do that
creators like Ali abdala do that some of
my clients do that it just depends what
you want to optimize for YouTube growth
or money all right that is the end of
the monetization models that most people
know about now we're going to move on to
the advanced stuff where you can really
build a real strong business that
generates you multiple six figures seven
figures or even eight figures from the
comfort of your own home sitting right
in front of your camera these are tried
and tested and these are how creators
with a small following like myself are
making hundreds of thousands of dollars
online let's go ahead and hop into it
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