How to Start Affiliate Marketing (Zero to RICH in 2023)

Summary

This video outlines a strategy for financial freedom in 2023 through affiliate marketing, emphasizing the importance of income, expenses, and time management. It argues that traditional employment is insufficient for wealth accumulation and suggests building a low-risk, high-reward online business as an alternative. The video encourages viewers to leverage the creator economy, build a personal brand, and create content to drive income, ultimately achieving a passive income stream that can lead to significant wealth.

Takeaways

• 📈 Wealth is subjective and varies by individual needs rather than a fixed monetary amount.
• 💰 The foundation of financial security is having more income than expenses, allowing for savings and investment.
• 🏦 A 'run rate' indicates the time one can sustain their lifestyle with their current savings, emphasizing the importance of building savings.
• 🚀 To achieve wealth, one must earn significantly more than their monthly expenses, which can be challenging with a traditional job.
• 🔑 Building a business with low risk and high reward is suggested as a pathway to wealth, as opposed to high-risk ventures like physical stores.
• 💼 The speaker advocates for leveraging the internet and content creation as a means to build a scalable income source.
• 🌐 The 'Creator economy' offers opportunities for individuals to generate income through digital platforms without significant initial investment.
• 🛠️ Personal branding is crucial in the Creator economy, as people are more likely to engage with individuals than faceless companies.
• 📚 Diversifying income streams through services, digital products, and passive revenue models like affiliate marketing can accelerate wealth accumulation.
• 🔑 The speaker emphasizes the importance of starting with affiliate marketing to generate income while building one's own product or service.
• 🔍 Identifying and leveraging emerging keywords and niches can provide opportunities for ranking high in search engine results and driving traffic.
• 🌟 Success in wealth creation through online business involves consistent content creation, SEO strategies, and leveraging platforms like YouTube and Google.

Q & A

What is the definition of being rich according to the video?

Being rich is subjective and depends on an individual's needs rather than an arbitrary number. It involves having enough money for security and freedom to fund the desired lifestyle.

What is the significance of the 'run rate' in the context of the video?

Run rate refers to the amount of cash one has to cover expenses over a period of time. It's a measure of financial security and is crucial for understanding one's financial health.

Why is saving a thousand dollars a month not considered a way to get rich according to the video?

Saving a thousand dollars a month is insufficient for getting rich because it only provides one month of 'freedom units' for every five months worked, which is a slow path to financial freedom.

What is the traditional approach to saving money as mentioned in the video?

The traditional approach involves making more money than needed each month and saving or investing a portion of it to allow it to grow over time.

Why is building a business considered a better option to get rich than saving for retirement?

Building a business, especially an online one, can potentially generate a higher income with lower risks and higher rewards compared to traditional savings methods, allowing for greater financial growth.

What are the challenges of starting a traditional brick and mortar business as highlighted in the video?

Challenges include the need for substantial capital, experience, dealing with overhead costs, hiring and training staff, insurance, and regulatory compliance, which can be risky and out of reach for many.

What is the potential income from owning a McDonald's franchise according to the video?

The average McDonald's owner can make between $120,000 to $300,000 a year, but this comes with significant initial investment and operational risks.

Why is the Creator economy a better option for wealth creation according to the video?

The Creator economy leverages the power of the internet, allowing for low-cost entry and high scalability. It enables individuals to create content and build personal brands that can generate significant income.

What are the steps to building a successful content-driven business as per the video?

The steps include identifying topics of expertise, creating and distributing content, offering services, learning and turning knowledge into digital products, building sales funnels, and scaling by gaining more attention and sales.

How does affiliate marketing fit into the strategy for wealth creation in the video?

Affiliate marketing is the starting point for those without a product to sell. It involves promoting other people's products and earning commissions, which can be scaled up with content creation and SEO strategies.

What is the role of personal branding in the Creator economy as explained in the video?

Personal branding is crucial as it helps attract an audience. People are more drawn to individuals than companies, making a strong personal brand key to building a successful business in the Creator economy.

What are some examples of digital products one can sell according to the video?

Examples include an ebook on sales techniques, an advanced sales course, or a high-priced mastermind program offering sales training, mentorship, and meetups.

How does the video suggest scaling income from a content-driven business?

The video suggests scaling income by creating more content to attract attention, using SEO and Google Trends to find valuable keywords, building a YouTube channel, and incorporating affiliate marketing and ad revenue.

What is the importance of consistency in the video's strategy for wealth creation?

Consistency is important because it ensures that old content continues to generate traffic and revenue over time, providing a steady income stream.

How does the video simplify the process of building wealth through online business?

The video simplifies the process by emphasizing the importance of starting with affiliate marketing, mastering Google and YouTube, and building upon a personal brand, making it accessible even with a few hours of daily work.

Outlines

00:00

💰 Path to Wealth Through Affiliate Marketing

This paragraph outlines a strategy for achieving financial richness in 2023 through affiliate marketing. The speaker emphasizes that being rich is subjective and revolves around having sufficient income to cover expenses and provide security and freedom. The math behind achieving this is discussed, with an example of needing $5,000 per month to cover all expenses. The concept of 'run rate' is introduced to explain the importance of savings and investment for financial growth. The paragraph also highlights the limitations of traditional employment for wealth accumulation and suggests building a business with low risk and high reward as a solution. The potential of the internet and content-driven businesses is underscored as a modern and effective way to generate significant income.

05:02

🚀 Becoming a Producer in the Creator Economy

The second paragraph focuses on transitioning from being a consumer to a producer in the Creator economy. It suggests that anyone can be a creator by producing content on platforms like YouTube and social media, emphasizing the importance of building a strong personal brand. The speaker shares insights on how to monetize this content through various revenue streams, including services, digital products, and passive income from affiliate marketing and ad revenue. The paragraph provides examples of successful creators and stresses the importance of starting with affiliate marketing to sell other people's products and earn commissions. It also touches on leveraging SEO and Google Trends to identify profitable niches and keywords, illustrating the process with examples like 'best beginner snowboard'. The speaker encourages viewers to learn and grow their businesses, ultimately aiming for financial freedom and scaling revenue through consistent content creation and smart monetization strategies.

Keywords

💡Affiliate Marketing

Affiliate marketing involves promoting other people's products and earning a commission for each sale made through your referral. In the video, the speaker emphasizes affiliate marketing as a low-risk, high-reward business model that can be started alongside a regular job and gradually scaled up. This method allows individuals to earn passive income by leveraging their online presence and content creation skills.

💡Income

Income refers to the money received, especially on a regular basis, for work or through investments. The video discusses the importance of increasing income as a crucial step towards financial independence and wealth accumulation. By building a business or enhancing current earning methods, one can achieve a higher income, which is essential for saving and investing.

💡Expenses

Expenses are the costs incurred in the process of earning income, such as housing, transportation, food, and entertainment. The video highlights the need to manage and minimize expenses to increase the amount of money that can be saved or invested. Understanding and controlling expenses is presented as a fundamental aspect of achieving financial stability.

💡Run Rate

Run rate is a measure of how long a business or individual can continue to operate with their current cash reserves. In the video, the concept is used to explain how much cash is needed to cover monthly expenses and how savings can provide a cushion in case of income loss. The speaker uses this term to stress the importance of having a safety net.

💡Passive Income

Passive income is earnings derived from investments, rental property, or other sources in which the individual is not actively involved. The video promotes the idea of creating passive income streams through online content and affiliate marketing, allowing for financial growth without continuous active work. This type of income is key to achieving financial freedom.

💡Creator Economy

The creator economy refers to the ecosystem of businesses and individuals who create digital content and monetize it through various platforms like YouTube, blogs, and social media. The video explains how being part of the creator economy can be a lucrative path to wealth, as it allows individuals to leverage their personal brand and create multiple revenue streams.

💡Personal Brand

A personal brand is the unique combination of skills, experiences, and personality that an individual presents to their audience. The video emphasizes the importance of building a strong personal brand to attract an audience and create trust, which can lead to multiple income opportunities through services, products, and sponsorships.

💡Digital Products

Digital products are intangible goods that can be sold and distributed online, such as e-books, online courses, and software. The video suggests creating and selling digital products as a way to generate high-profit margins and scale income. Examples include creating an e-book or an advanced online course that can be sold repeatedly without significant additional costs.

💡SEO

Search Engine Optimization (SEO) is the process of improving the visibility of a website or a web page in a search engine's unpaid results. The video discusses the importance of SEO for driving traffic to websites and blogs, which is crucial for affiliate marketing success. Effective SEO can lead to higher rankings, more visitors, and increased revenue from ads and affiliate links.

💡Financial Freedom

Financial freedom is the state of having sufficient personal wealth to live without having to work actively for basic necessities. The video defines financial freedom as having enough money to provide security and fund one's desired lifestyle. Achieving financial freedom involves generating passive income and creating a sustainable business model.

Highlights

The concept of being rich is subjective and varies by individual needs rather than a fixed monetary value.

To achieve financial freedom, one must have income that exceeds monthly expenses, allowing for savings and investment.

The traditional approach to saving involves increasing income and investing wisely to create a surplus over time.

Building a business with low risk and high reward is suggested as a strategy for wealth accumulation.

A high profit margin is achievable with an internet business compared to traditional brick and mortar businesses.

The creator economy offers opportunities for wealth creation through digital businesses at a low cost.

Becoming a producer rather than a consumer in the creator economy is key to leveraging it for personal wealth.

Personal branding is crucial for attracting an audience and building a successful business in the digital space.

Multiple revenue streams can be built through personal branding across various platforms like YouTube and social media.

Starting with a service-based business can lead to higher earnings and the potential for passive income streams.

Digital products offer a scalable revenue source with broad potential, from affordable ebooks to high-priced mastermind programs.

An organic business built around platforms like YouTube and high-traffic websites can lead to passive income through affiliate marketing and ad revenue.

Learning and applying knowledge to create and sell digital products is a practical path to wealth in the creator economy.

Affiliate marketing is an entry point for those starting out, allowing them to earn commissions by selling others' products.

Identifying emerging keywords in a niche is a strategy for creating content that ranks well and generates passive income.

Consistent creation of content and building backlinks are tactics for increasing blog traffic and revenue.

Combining a YouTube channel with a blog can significantly scale revenue through various monetization strategies.

Old content continues to generate income over time due to the consistent serving by Google and YouTube algorithms.

Success in the digital space requires dedication and consistent effort, not necessarily technical expertise.

The speaker offers a free masterclass for those interested in learning the exact strategies for success in affiliate marketing.

Transcripts

if you want to get rich in 2023 I'm

laying it out in this video so we'll do

the math we'll figure it out and I'll

give you my exact game plan with

affiliate marketing now getting rich is

easy to understand on paper and I'm not

talking about being rich in the sense of

extreme luxury or extravagance fancy

cars or mega mansions they're fine if

you love that kind of thing but being

rich really comes down to Simple Things

income expenses and time

now according to a survey Americans

believe that it takes around 2.2 million

dollars to be considered rich but being

rich is subjective and it's really about

how much money you need as an individual

as opposed to some arbitrary number so

for me being rich comes down to having

enough money to provide security and

freedom I need to fund the lifestyle I

want so let's do the math let's say you

need five thousand dollars per month to

cover all of your expenses that's your

cost of living Transportation housing

food entertainment taxes health care

whatever else you spend money on now at

this level of income you have a five

thousand dollar per month burn rate now

when you're working at a job that pays

you this exact amount and you can't save

anything extra you have what's known as

zero run rate so in business run rate is

how much cash you have in the bank to

cover expenses over a period of time so

if your business costs 10K per month to

operate and you have a hundred and

twenty thousand dollars in the bank you

have a 12 month or one year run rate so

if you lose your job you would have no

money left over to help you get by until

you found more work so this is the

reality for most people in the US I was

this way some years ago and it's known

as being broke now in order to get rich

you need to just make more money than

you need every month instead Dash some

of this away so this is the traditional

approach to saving and if you're more

Savvy you'll invest some of that money

so it compounds and grows over time but

for the sake of example let's say you're

able to save a thousand dollars a month

that means for every five months you

work you gain one month of Freedom Units

so if you do the quick math on this you

see that saving just one thousand

dollars a month is no way to get rich so

the obvious solution here is you need to

make a lot more money now there's a few

ways you can do this the first thing

people usually think of is to get a

higher paying job and that's a step in

the right direction definitely you

should definitely do that but this still

won't make you rich now even if you

could save two thousand dollars a month

that's still twenty four thousand

dollars a year that's good but that

means you would need to work five years

just to save enough to have two full

years of expenses covered and that's not

counting for inflation because a

thousand dollars today will not be a

thousand dollars years from now you said

that oh hell yeah man so what you have

is a money and time problem and the best

option to solve all of this is to build

a business but not just any business you

need to create something that is low

risk and high reward something you can

start alongside a regular job and build

over time to a place where it eclipses

your nine to five income and once it

does that you can go all in

so instead of saving 10 for retirement I

currently save like 90 of my income

because it's just much higher I can live

on much less and save a lot more now

most people think they need to open up a

brick and mortar business just to have a

shot at making this type of income but

that can be risky so most people don't

have access to the capital to even make

an attempt and if they do they probably

don't have the experience and the

business is probably sure to fail here's

a quick example to show you what I mean

so let's say you wanted to open a

McDonald's franchise so just to get

started you have to have at least five

hundred thousand dollars in cash and

then you have to pay a forty five

thousand dollar franchise fee and then

to launch the entire operation you're

looking at spending 1.3 to 2.3 million

dollars and that is just to get started

now you have to think about overhead

costs hiring and training staff

Insurance dealing with food industry red

tape and when all is said and done the

average McDonald's owner will make

anywhere from 120 000 up to three

hundred thousand dollars a year which is

pretty good but remember Success is Not

Guaranteed profit margins in the food

industry could be like three to five

percent as opposed to an internet

business with 80 plus percent profit

margin now the average person in America

under 35 has about 11 000 in savings so

this type of business is forever Out Of

Reach for most of us but there's a much

better way to get rich and you do it by

using the power of the internet now

before we get into the strategy I want

you to think a little bit bigger so take

exactly what you make per month right

now at your current job and multiply

that by 10. now imagine you're making

that every month what would that do for

you so what would your life look like

how would it be different so if you make

three thousand dollars a month right now

that it puts you at thirty thousand

dollars a month or three hundred and

sixty thousand dollars a year that puts

you in the top five percent of income

earners in the US Now by these standards

you'll definitely feel rich you can live

in any major city you can vacation

anywhere in the world you can afford to

take care of your family pay for college

eat at good restaurants and max out your

retirement accounts but think about it

how would your life change what would

you do differently now think ahead 10

years if you can build your income 10

times what you currently make you could

potentially double or triple that number

over time if you keep learning growing

businesses and investing your money

wisely so how can you realistically make

this level of income well it all comes

down to building a content driven

business so let's talk about the Creator

economy for a second you are part of the

Creator economy whether you like it or

not you might not be creating anything

directly but you are participating in it

if you're watching YouTube using social

media or Googling just about anything so

billions of dollars are being made

through digital businesses created from

nothing for very cheap there are kids in

their basement making thousands of

dollars every month live streaming

fortnite before they even graduate high

school and every time you buy something

online someone has to put in the work to

earn your business whether that's

through building a brand reviewing their

favorite products or hand making the

gadgets you found through your Google

Search now if you want to get rich in

the 2020s this is your best chance but

instead of being a consumer in the

Creator economy you have to become a

producer now you don't have to be that

special to be a Creator either you just

have to make stuff you can use YouTube

and a website to create content that

people consume then you can share your

story and more of your ideas on social

media now the ideal way to approach this

is by building the brand of you so many

of the top creators with big businesses

have strong personal Brands it's all

about personal Brands so people are

attracted to people not companies so you

could be watching millions of other

videos about SEO passive income personal

branding but somehow you're watching

this one it's just me a personal brand

so you're interested in what I have to

say about these topics people enroll in

my coaching program blog growth engine

because I've shared my story my journey

what I've done and with a personal brand

you can build multiple different revenue

streams across different platforms like

websites YouTube and social media now in

the normal world you generally have

active income that isn't scalable and

then multiple forms of passive income

that's built over time so a good way to

start is by providing a service and

getting clients to work with you so over

time you can increase your rates and

make more than you make hourly at your

nine to five and because of social media

there are coaches and Consultants every

day doing these things from dating to

day trading to Fitness gaming cooking

and more doing all of this but to really

enhance your earning potential you want

to be looking at selling your own

digital products so the range is Broad

but to give you an idea you could sell a

five dollar ebook about how to get

better at sales a 2500 Advanced sales

course or even a fifty thousand dollar

Mastermind full on sales training

mentorship and quarterly meetups now all

of this is possible people are doing it

and this is all possible by building an

organic business around YouTube or a

high traffic website that gets attention

and then you can further monetize that

attention by making money passively with

affiliate marketing and AD revenue and

you're only limited by your creativity

and your work ethic because you will

learn this over time it's not all that

complicated you just have to get started

to start learning it now there are tons

of examples of people who have done big

things with these personal Brands so

people like Casey neistat Alex hermosi

Brandon Carter Ali abdall the list goes

on and on but you don't have to get

nearly as big as them to create an

income that can make you rich so

ultimately this is about building up

something for yourself and taking your

time back and then Outsourcing it and

having people help you and building a

team and systems where this passive

income keeps growing without any

stealing and it all comes down to these

steps so come up with a handful of

topics you know a lot about start

creating content around those topics and

put it everywhere use YouTube to build

an audience so use Google and SEO to get

traffic to a website offer a service to

make some extra money keep learning turn

that knowledge into a course digital

product people can pay for and will work

through on their own build a sales

funnel that runs on autopilot and then

figure out how to scale by creating more

content to get more attention and more

sales now this is how I did it and this

is how thousands of others of people are

doing it and it's the fastest way to

Financial Freedom when compared to

working in nine to five or a traditional

in-person physical business now here's

the truth this all starts with affiliate

marketing you don't yet have a product

to sell when you're just starting out so

you need to be able to sell other

people's products and make commissions

on that first and you can build an

affiliate marketing machine with blog

posts that rank for keywords that make

you passive income that's the first

thing to do so the key here is finding

new and emerging keywords in your Niche

based on products that people are

searching for so you could go to Google

Trends and type in something like best

headphones and you see all kinds of new

and breakout keywords that aren't too

competitive yet or you can use an SEO

tool like ahrefs and put in the word

best plus a niche that you're interested

in then you go to the matching terms

tool for example check out this one for

best golf with tons of keyword

opportunities to make money or something

like best fishing or best kitchen I mean

look at this one here best beginner

snowboard the keyword difficulty here is

three it's easy to rank for and there

are six low Authority sites ranking on

page one that's a sign that you can too

and with snowboards costing 400 to a

thousand dollars you can make good

commissions since the search volume here

is pretty high now imagine that website

with your face on it recommending

snowboards if that's your thing or

another product ranking on Google for

all kinds of valuable keywords best

beginner snowboard best snowboard boots

bindings helmets gloves it's virtually

endless so you write 10 to 20 articles

you build some backlinks based on

strategies I talk about in other videos

and all of a sudden you have thousands

of visitors to your blog every single

month you could be making a few grand a

month and then it's time to scale so you

build that YouTube channel you talk

about snowboarding and all of the gear

you put those videos in your blog post

you get YouTube sponsorships put

affiliate links in the descriptions and

then you're scaling your Revenue to over

eight thousand or ten thousand dollars

every single month and the great part

about Google and YouTube to is that you

get consistently served up in the

algorithm every month so old videos and

old articles you wrote even years ago

are still getting clicks and Views and

making you money and here's the truth

it's not that complicated so tons of

YouTubers and bloggers might tell you

it's super hard and there's technical

stuff around SEO and Google updates and

content writing and website jargon but

it's not that complicated but here's the

truth you have to be known for something

then you dominate Google and YouTube

It's that simple and it's something that

you can spend a few hours a day on build

it up in your spare time and eventually

take it full time so if you're

interested in the exact strategies 60

Minutes of training make sure to click

the link in the description below and

sign up for my 100 free masterclass