Revealing The UGLY Truth About Affiliate Marketing

Wisdom Speaks
19 Nov 202314:39

Summary

TLDRThe speaker warns against traditional affiliate marketing methods, advocating instead for a modern approach using subscription-based products and automated sales funnels. They share their personal success story, including selling a profitable affiliate business, and offer free resources like templates and funnels to help others replicate their strategy. The emphasis is on building a sustainable income stream through recurring commissions and leveraging free traffic sources like social media.

Takeaways

  • 🔍 The traditional method of affiliate marketing, which involves simply sending traffic to an affiliate link, is no longer effective and leads to high refund rates.
  • 💰 The speaker has made multiple six figures in affiliate commissions and sold an affiliate business for a substantial amount, demonstrating that success is possible with a new approach.
  • 🛑 Avoid the old strategy of just finding a product on ClickBank and hoping for sales; it's unsustainable and lacks authority building.
  • 🔑 Focus on subscription-based products for affiliate marketing as they provide recurring revenue and are more reliable than one-time sales.
  • 🌟 Build authority and a genuine business by collecting emails and providing value to customers, rather than just promoting products.
  • 🛍️ Use a sales funnel, an automated system that converts leads into customers without constant manual effort, to scale your affiliate marketing business.
  • 📈 Start with free traffic methods like social media to build an audience before investing in paid advertising for faster results.
  • 📝 Collect email addresses at the beginning of your sales funnel to follow up with potential customers and increase conversion rates.
  • 🎯 Target the top three niches—health, wealth, and relationships—as they are evergreen markets with consistent demand.
  • 📈 The new strategy involves finding profitable subscription-based products within your niche and promoting them through an automated sales funnel.
  • 🎁 The speaker offers free sales funnels and templates to help beginners set up their marketing systems and start making money with affiliate marketing.

Q & A

  • What is the speaker's opinion on traditional affiliate marketing methods?

    -The speaker believes that traditional affiliate marketing methods are outdated and almost guarantee failure if used today.

  • What was the speaker's initial experience with affiliate marketing?

    -The speaker initially made over $10,000 in the first three weeks using the traditional method but faced a huge cost with refunds piling in, leading to a crash in earnings the following month.

  • Why did the speaker's initial affiliate marketing strategy fail?

    -The strategy failed because it was not sustainable and was solely based on sending traffic to an affiliate link without building any authority or collecting emails, which led to high refund rates.

  • What is the speaker's new approach to affiliate marketing?

    -The speaker's new approach involves creating a sales funnel that operates 24/7 without the need for their presence, focusing on subscription-based products that bring in monthly recurring revenue.

  • What type of products should beginners focus on when starting affiliate marketing according to the speaker?

    -Beginners should focus on subscription-based products that offer monthly recurring cash flow, as these require customers to pay a monthly fee and can generate predictable income.

  • What is the significance of promoting subscription-based products in affiliate marketing?

    -Subscription-based products are significant because they provide a steady stream of income every month as long as the customer remains subscribed, unlike one-time sales.

  • What is a sales funnel and why is it important in the speaker's strategy?

    -A sales funnel is a series of web pages designed to convert leads into paying customers. It is important in the speaker's strategy because it automates the process of selling products and collecting customer emails for follow-up.

  • How does the speaker plan to help others succeed in affiliate marketing?

    -The speaker plans to give away free sales funnels and follow-up systems that can be used in one's own business, along with free training videos for beginners to set up and use these systems effectively.

  • What are some examples of recurring-based products that the speaker mentions?

    -Examples of recurring-based products include fitness subscriptions, website builders, streaming services, e-learning platforms, and hosting apps.

  • What is the role of free traffic in the speaker's affiliate marketing strategy?

    -Free traffic is crucial for those on a low budget and is used to drive people to the landing page of the sales funnel. It includes methods like social media engagement, which can potentially go viral and generate significant traffic.

  • What advice does the speaker give for those who want to avoid showing their face online?

    -For those who do not want to show their face online, the speaker suggests joining Facebook groups and online communities to drive people to the first stage of the sales funnel.

  • How does the speaker suggest scaling up the affiliate marketing business?

    -The speaker suggests using paid advertising methods like Google ads or TikTok ads for those with a budget, as these can drive significant traffic to the sales funnel and scale up the business quickly.

Outlines

00:00

🔄 The Evolution and Pitfalls of Traditional Affiliate Marketing

The speaker begins by announcing the obsolescence of traditional affiliate marketing methods, warning of the high likelihood of failure if these methods are continued. They share their personal experience of initially succeeding with ClickBank products but eventually facing a collapse due to unsustainable practices, such as relying solely on traffic to an affiliate link without building authority or collecting emails. The speaker emphasizes the importance of a reworked strategy that involves creating a real business with long-term value.

05:02

🚀 Transitioning to a Sustainable Affiliate Marketing Model

The speaker outlines their journey to a more sustainable affiliate marketing model, which includes focusing on subscription-based products that offer recurring revenue. They highlight the significance of these products in generating a steady monthly income and share their success in building a profitable business around this model. The speaker also introduces the concept of a sales funnel as a key component of their strategy, explaining how it automates the process of converting leads into customers and emphasizes the importance of offering free trials to stand out in a saturated market.

10:02

🛠️ Building an Automated Marketing System for Affiliate Success

The speaker discusses the importance of an automated system, or sales funnel, in affiliate marketing, detailing how it operates to convert leads into customers without constant manual effort. They provide an example of their own marketing system that generated significant affiliate commissions, explaining the process from free traffic to opt-in pages, value videos, and the use of affiliate links. The speaker also stresses the importance of collecting emails for follow-up sequences to increase conversion rates and offers free resources, including sales funnels and training videos, to assist viewers in setting up their own systems.

🌐 Harnessing Free and Paid Traffic for Maximum Reach

The speaker concludes by addressing the crucial aspect of driving traffic to the marketing system. They suggest starting with free traffic sources, such as social media platforms, which can provide unlimited exposure if utilized effectively. The speaker also mentions the option of paid advertising through Google ads or TikTok ads for those with a budget, providing a link to a free video tutorial on creating profitable Google ads. They emphasize the need to adapt to new marketing methods and promote subscription-based products to succeed in the affiliate marketing industry, offering free resources to assist viewers in this transition.

Mindmap

Keywords

💡Affiliate Marketing

Affiliate marketing is a performance-based marketing strategy where businesses reward affiliates for each customer brought by the affiliate's own marketing efforts. In the video, the speaker discusses the evolution and modern approach to affiliate marketing, emphasizing the shift from traditional methods to more sustainable and automated strategies.

💡Traditional Methods

The term 'traditional methods' refers to the old ways of conducting affiliate marketing, such as simply finding a product on ClickBank, getting an affiliate link, and hoping for sales. The speaker warns against these methods, stating they are unsustainable and led to their own business failures initially.

💡Six-Figure Earnings

Six-Figure Earnings denote an income level starting from $100,000 to $999,999 per year. The speaker mentions making multiple six figures from affiliate commissions and selling an affiliate business for a six-figure amount, illustrating the potential financial success in affiliate marketing when done correctly.

💡Sales Funnels

A sales funnel is a series of steps potential customers go through, from being a lead to becoming a paying customer. The video describes how the speaker uses sales funnels as an automated system to convert leads into customers, which is a key component of their successful affiliate marketing strategy.

💡Recurring Revenue

Recurring revenue refers to income that a business receives on a regular basis, typically from subscriptions. The video emphasizes the importance of focusing on subscription-based products in affiliate marketing because they provide a steady stream of income.

💡Authority

In marketing, 'authority' refers to the level of influence or credibility one has in a particular field. The speaker mentions that their initial strategy lacked authority building, which is why they did not sustain success. Building authority is crucial for trust and conversions in the new approach to affiliate marketing.

💡Email Collection

Email collection is the process of gathering the contact information of potential customers. In the script, the speaker explains that collecting emails is a critical step in their sales funnel process, allowing for automated follow-ups and increasing the chance of converting leads into customers.

💡Free Trials

Free trials are a marketing strategy where customers can try a product or service for a limited time without cost. The video describes using free trials as an incentive within the sales funnel to attract customers and encourage them to eventually convert to paying customers.

💡Automated Systems

Automated systems refer to processes that run without the need for constant human intervention. The speaker's success in affiliate marketing is attributed to the use of automated systems, particularly in their sales funnels, which operate 24/7 to convert leads into sales.

💡Free Traffic

Free traffic in the context of digital marketing refers to organic or non-paid methods of driving visitors to a website or offer. The video script discusses leveraging free traffic sources like social media platforms to drive potential customers to the sales funnel without incurring advertising costs.

💡Subscription-Based Products

Subscription-based products are services that customers pay for on a recurring basis, such as monthly or annually. The speaker highlights the importance of focusing on subscription-based products for affiliate marketing due to their ability to generate consistent, recurring revenue.

💡Marketing Systems

A marketing system is a comprehensive set of strategies and tools used to promote products or services. In the video, the speaker describes creating a marketing system that includes landing pages, video content, and email follow-ups to automate and optimize the process of converting leads into customers.

Highlights

The traditional affiliate marketing method is no longer effective and is almost guaranteed to fail.

The speaker has made multiple six figures in affiliate commissions over the last five years and sold an affiliate business for over six figures.

A new approach to affiliate marketing is necessary for success, avoiding the pitfalls of the traditional method.

The importance of building a real business rather than just hoping for sales from an affiliate link.

The speaker's painful experience with high refund rates and the collapse of their initial affiliate marketing strategy.

A reworked strategy led to a new affiliate marketing business generating $20,000 to $30,000 in net profit per month.

Focusing on subscription-based products for affiliate marketing due to their monthly recurring cash flow.

Examples of recurring-based products include fitness subscriptions, website builders, streaming services, e-learning platforms, and hosting apps.

The necessity of using sales funnels as automated systems for converting leads into paying customers.

A visual diagram of a marketing system that generated over $100,000 in affiliate commissions is presented.

The power of offering free trials or subscriptions to stand out in the market and incentivize sign-ups.

The importance of collecting email addresses for automated follow-up sequences to increase sales.

Free sales funnels and follow-up systems are being offered to help individuals start making money with affiliate marketing.

A demonstration of how to set up a successful affiliate marketing business using pre-built funnels and a funnel builder.

The option to use free traffic methods like social media to drive sales to the affiliate system.

For those with a budget, the recommendation to use paid advertising like Google ads or TikTok ads for faster results.

The assertion that the traditional way of doing affiliate marketing is outdated, and the new method involves marketing systems and recurring products.

A call to action for viewers to take advantage of the free resources provided for a limited time to start their affiliate marketing journey.

Transcripts

play00:00

the death of affiliate marketing is

play00:01

approaching I'm sorry to say this but if

play00:03

you try affiliate marketing with the

play00:05

traditional methods you're almost

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guaranteed to fail but thankfully

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there's still hope because over the last

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5 years I've made multiple six figures

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in affiliate commissions and recently I

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sold one of my affiliate businesses for

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well over six figures I can tell you

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firsthand that things have changed

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significantly in this video I'm going to

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break down exactly how I did it and what

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you need to avoid in order to see

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success in this business and at the very

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end of this video I'm going to be

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sharing with you guys some free

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templates and some free sales funnels

play00:33

that you can use to speed up this entire

play00:35

process so let's begin by explaining

play00:37

this traditional method and why you need

play00:39

to avoid it at all costs so back when I

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started affiliate marketing there was

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only one strategy that everyone was

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teaching and doing online and it goes

play00:46

something like this head over to

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clickbank.com create an account find a

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product that's in a good Niche and then

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just get your affiliate link and start

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sending traffic to it the logic behind

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the strategy was that once you get

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enough people to click on your link

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eventually someone would buy the product

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and you would make a commission some way

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somehow within the first 3 weeks I was

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able to generate over $10,000 selling

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ClickBank products but it all came at a

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cost a huge cost that almost lost me

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everything the refunds came piling in

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and the next month I made less than

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$11,000 everything just came crashing

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down in front of my eyes and the reason

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for this is because I didn't build a

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real business this entire strategy was

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just built around sending people to an

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affiliate link and then hoping they

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would make a purchase the first time

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they saw the product I didn't build any

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sort of authority I didn't collect

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anyone's emails or even learn any new

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skills that could make me more money

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this experience was very painful but it

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showed me that this method simply wasn't

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sustainable but after going through all

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these pitfalls and making all the

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mistakes I possibly could with this

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business I reworked my entire strategy a

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few months after that I started a new

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affiliate marketing business and within

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a 6 to 8 month period I managed to get

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this business all the way up to 20 to

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30,00 ,000 a month in net profit per

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month selling nearly

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$500,000 worth of products and recently

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I sold this business this changed my

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life and this allowed me to reach new

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levels of Financial Freedom and I was

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able to take care of my family in ways I

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could never imagine making $30,000 a

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month was always a goal of mine since I

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was the age of 18 years old and I did it

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without doing the traditional way of

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affiliate marketing in fact I would say

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that the method I use is the only

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logical way that I would recommend you

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do affiliate Market marketing now if

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you're still with me and you're ready

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for me to reveal this inside secret of

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how I got away from the traditional

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method and created wealth for me and my

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family then just please take a second to

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just tap that like button down below I

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want to bring awareness to as many

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people as possible to this new way of

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doing affiliate marketing so they don't

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waste their precious hours like I did at

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the start doing affiliate Market in a

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completely wrong way thank you guys all

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for that and let's carry on so in stage

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number one you just have one goal and

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that is to find a profitable product

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this process takes a a little bit of

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time but it's actually simpler than you

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think I know this because I've helped

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thousands of people launch their

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affiliate marketing business with this

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exact strategy you need to First find

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the niche that you want to go into and

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this needs to fall under the category of

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the top three niches which is health

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wealth and relationships Additionally

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you need to have some level of knowledge

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or passion for this industry the reason

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for this is simple these are the

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essential human needs that people can't

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live about so there's always going to be

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a demand take the health and insurance

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there's always going to be someone out

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there looking to get into better shape

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or live a healthier lifestyle find a

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niche that you want to go into you can

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now select a product to promote now as

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you may know already there's a number of

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different ways to do affiliate marketing

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you can do CPA marketing High ticket

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affiliate marketing click Bank affiliate

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market and you can do Google ads

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Facebook ads there's just so many

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different tactics and strategies that

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you can use for this business what I

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want you to do is just ignore every

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single one of those for now when you're

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starting out the only type of products

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you should be focusing on is subscript

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ion based product that's it this is a

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secret to my success over the years the

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reason why this is so important is

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because these type of products bring in

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monthly recurring cash flow you just

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need someone to sign up to a product or

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a service one time and the company will

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continue paying you out every single

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month as long as that customer is still

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signed up to the product or service this

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is why I was able to build up to a point

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where I was making 20 to $30,000 a month

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I had cash flow generating assets just

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from affiliate marketing promoting re

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carum based products that people are

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getting real value out of and paying for

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every single month some examples of

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these reoccuring based products include

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Fitness subscriptions website Builders

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streaming services e-learning platforms

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hosting apps and the list goes on in

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simple terms these products and services

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just require customers to pay a monthly

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fee to use their platforms some good

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places to find these subscriptions and

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reoccurring based products are Partners

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snack.com or you can just head over to

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Google and type in recur curring

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commission affiliate programs followed

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by your Niche so I can't stress this

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enough no matter what you hear on the

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internet about ClickBank affiliate

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marketing High ticket affiliate

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marketing when you're starting out you

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need to focus on building up an arsenal

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of reoccurring sales that's going to pay

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you out every single month so that you

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have predictable income you don't want

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to be that person that goes from making

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10K one month then the following month

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you're only making $600 if you've been

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following me on this channel for some

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time do know that I regularly show some

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of my reoccurring sales that I get from

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from promoting some of these different

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softwares apps and other reoccurring

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based programs but to succeed with this

play05:35

method it's crucial that you execute

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stage two of this process otherwise

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you'll just waste precious time and

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you'll burn yourself out trying to do

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all of the work yourself my secret to

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affiliate marketing has always been

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automated system this is an ecosystem

play05:50

that runs 24 hours 7 days of the week

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without me having to be present this is

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also known as a sales funnel if you've

play05:57

never heard of this before this is a

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series series of web pages that take

play06:00

someone from being a lead and then

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converts that person into a paying

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customer I'm sure if you've been in this

play06:06

space for a while you've probably heard

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the term your one funnel away and this

play06:09

is entirely true all you need is one

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good funnel that converts people into

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customers and this could change your

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life forever let me show you an example

play06:17

of a marketing system that I created

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that has generated me over

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$100,000 in affiliate commission what

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you can see on the screen right now is a

play06:25

visual diagram of this entire system

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right so on the left hand inside you

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have the traffic it always starts with

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the traffic and don't worry I'm going to

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show you some more free traffic methods

play06:35

that you guys can use shortly so what's

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happening in here is that the free

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traffic is going into an opin page right

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so it's going to go from a free traffic

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whether it's from you know Instagram

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YouTube Tik Tok and all of these people

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are going to land on an opting page also

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known as a landing page on this page I'm

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just simply asking the customers to

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enter their email addresses following

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this after they enter their email

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addresses it's going to take them to the

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next stage of the funnel where they're

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going to encounter a free video that is

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going to provide them of lots of value

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and that's one of the main purposes of

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this video the second purpose is to

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actually sell them on the free trial or

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the free subscription that I'm promoting

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in this particular funnel this page that

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has the value video also has my

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affiliate link so that when people watch

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the video they're convinced that they

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want to you know start the free trial

play07:20

and they want to move forward with this

play07:21

offer then below that's going to be my

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affiliate link once they click on the

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affiliate link they go through to the

play07:26

offer and make a purchase this is where

play07:27

the commission is made now the key to

play07:29

this funnel right here and why I believe

play07:31

this works so well for me is because I

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gave away something for free I gave them

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access to a free trial that they can try

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out whether that be 3 Days 7 days or 30

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days they get access to the entire

play07:42

product for free and this works very

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well online people are constantly being

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sold to 24 hours whether that be through

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their phone whether they're on YouTube

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watching TV outside seeing like

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different posters and everything they're

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constantly being sold to right so when

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you come in the market with something

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new and you're giving away get free

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trial you instantly stand out and as I

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said this is very important if you want

play08:03

to have success with this you need to

play08:05

find a product that is either giving

play08:07

away a free trial or some sort of

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freebie that's going to incentivize

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people to sign up to the program now

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something really important to mention is

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that on the first page of this funnel

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I've collected these people's emails

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because most people when they come

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across a product they won't purchase it

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on the first goal so by collecting their

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emails the system that I've created is

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going to automatically follow up with

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these customers every single or every

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other day convincing them to make a

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purchase of the product and these emails

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are going to contain affiliate links so

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whenever they make a purchase from one

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of the emails we still get paid out and

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this is really what separates beginner

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marketers from expert marketers having

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that system that automatically follows

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up with people and this is essentially

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going to 10x the amount of money you

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make with affiliate marketing does this

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all make sense to you guys do me a favor

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comment down below passive income if

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you're on board and this is all making

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sense this is really simple stuff right

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here but don't worry I'm going to help

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you guys out a bit because I know

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exactly what it's like to be in your

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shoes and I wish I had the expert at the

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time when I started that could just

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guide me through the entire process

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since I've made multiple six figures in

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this industry and I've had more people

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than ever hit me up in the Instagram DMS

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YouTube Tik Tok and in my emails what

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I've decided to do since I can't help

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each and every one of you guys

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individually is I'm going to be giving

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away today some free sales funnels some

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some free follow-up systems that you

play09:27

guys can use within your own business to

play09:29

make money with affiliate marketing all

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of these funnels come with

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professionally built landing pages that

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have been designed by industry expert

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that have been working within my team

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for years these funnels will all include

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automated email follow-up sequences so

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that you'll never have to manually

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message your customers this system is

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going to automatically follow up with

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all of your leads and turn them into

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paying customers and the best thing

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about these funnels is that all of these

play09:54

can be imported into your software with

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just one click of a button so you don't

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need to be texted Saia tool to make this

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work for you in fact one of my students

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Larry who is actually 56 years old

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managed to set one of these funnels up

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all by himself without needing any extra

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assistance and he managed to make his

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first $1,000 within the first 2 weeks of

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using this exact funnel I'm giving away

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to you guys today so I'm pretty

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confident that you should be able to do

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the same all you have to do to get these

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pre-built funnels is sign up for a free

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account on block le.com this is a funnel

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Builder that I've been using over the

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past few years or so to build all of my

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funnels and it's literally replaced so

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many other softwares and subscriptions

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that I used to use to run my online

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business it's even replaced some of my

play10:37

scheduling apps on my social media

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specifically Instagram and just to make

play10:41

it clear I'm not affiliated with this

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company whatsoever this is genuinely a

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software that I love and I use in my

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business every single day you don't even

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have to click the link in my description

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just head over to the website directly

play10:53

and get a free account for yourself

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anyways make sure you guys take

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advantage of those free funnels that

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I've created all you need to do is just

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sign up for your free account and then

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come back to this video click on a

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template and it's going to automatically

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copy and paste into your dashboard and

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you'll be able to add your own affiliate

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link change any text any pictures

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anything that you want and then you can

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use this for your own marketing campaign

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in addition for this for you beginners

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out there that have never used any sort

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of software like this before what I've

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done is left some free training videos

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in my description that you can use if

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you run into any problems or you know

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you need any extra help setting this up

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I want to put you guys in the position

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to have the highest chance of having

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success with this so make sure you take

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advantage of the free training if you

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need it all right so carrying on in

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Phase fre once your funnel is all set up

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it's now time to start getting traffic

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so that you can start building up an

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army of recurring based commission so

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first things first let's start out with

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free traffic if you're starting out on a

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very low budget then this is the type of

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traffic that I recommend for you and the

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good thing about this is that there's an

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unlimited amount of traffic out there

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you just have to know where to find it

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and how to use it to be be successful

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I'm going to show you how to tap into

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some of this free traffic that's going

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to get you sales in your business

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without you having to ever show your

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face online or without building any sort

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of online presence but if you want to

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speed up this process and get sales in

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the fastest way possible then social

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media is the way to go we live in a day

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and age where Tik Tok is exploding

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Instagram Reales is taken off and even

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YouTube shorts these are great ways to

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get crazy amounts of traffic to your

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affiliate system for 100% free so you

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could potentially be creating lots of

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short form content jumping on this

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Rising Trend and get some viral videos

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on your account which you can then take

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those viewers on that video and turn

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them into paying customers using your

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automated system and what you'll do once

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you get these views onto your videos and

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it doesn't necessarily always have to be

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viral for you to make money with this

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what you do you get the viewers and

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convert them to your Marketing System

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and this is easily done by putting the

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landing pages on your social media

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accounts so once they see the video they

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see your link they click on it they

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enter their emails automatically they go

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directly to your funnel and this is

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going to sell them on your affiliate

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product without you having to do any

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extra work and these commissions are

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going to come into your account every

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single month on autopilot as long as you

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have your Marketing System set up and

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you have a good product that you're

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promoting however if you don't want to

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show your face online then what you

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could do is join different Facebook

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groups and other communities online and

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get people to sign up to the first stage

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of your sales funnel now if you're

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someone that has a bit of a budget and

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you want to see results in the fastest

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way possible then what you could do is

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just run ads directly to your Marketing

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System specifically Google ads or Tik

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Tok ads as I believe those are the two

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most powerful forms of advertising that

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you can do in this economy right now I

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actually have a free video that I'm

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going to leave in a link in the

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description that you can watch and it's

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going to take you through the whole

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process of creating a profitable Google

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ads so make sure you go ahead and check

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that out after this video if that's the

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route that best suits you so as you guys

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can see it's still possible than ever to

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build a successful online business but

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the traditional way of doing affiliate

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marketing is dead and gone the only

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people that are going to survive in this

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industry especially going into 2024 is

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those that are willing to adopt to the

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new way of doing affiliate marketing by

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using Marketing Systems meanwhile

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promoting recurring based products if

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you can do that then you would have

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created a real asset for yourself that

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will pay you for many months and many

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years to come thank you all for watching

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this video today make sure if you

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haven't already take advantage of those

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free res resources that I've left down

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below as I'm only going to be leaving

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them up for a limited time only so take

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advantage of them while you can good

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luck on your Journeys and I'll see you

play14:37

in the next video

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Affiliate MarketingOnline BusinessSales FunnelsRecurring RevenueDigital WealthFree TrialsEmail MarketingAutomated SystemsMarketing StrategiesPassive Income