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  • - So, here, this is one affiliate program

  • that has paid us nearly half a million dollars

  • in the past few years,

  • and here is another one that's put us

  • just over $100,000 in just about year's time,

  • and this one's what we've promoted

  • almost exclusively here on YouTube,

  • and we did that when we only had

  • around five or 6,000 subscribers.

  • If you've got a YouTube channel

  • that you want to make some extra money on,

  • affiliate marketing is absolutely the fastest

  • and the easiest way to do that,

  • but what if you've got a small channel

  • or maybe you're just getting started?

  • Can you still make $1000 a month or more?

  • - Uh, yeah, Captain Obvious,

  • isn't that the name of the video?

  • - Uh, yeah, so even if you are

  • a small channel or just getting started,

  • I'm going to show you three powerful ways

  • to boost your YouTube income by $1000 per month or more

  • with affiliate marketing.

  • So, let's rock.

  • (whimsical music)

  • Well, you may already be familiar with affiliate marketing.

  • Almost all major online stores

  • have some sort of affiliate marketing or a referral program

  • that you can earn commissions with

  • whenever you refer a customer to them.

  • When the customer makes a purchase,

  • boom, you get a commission.

  • So those well-known affiliate programs

  • are the ones from online retailers like Amazon,

  • Walmart, Wayfair and many, many others.

  • Now, those are good affiliate programs,

  • but the problem with that is that

  • the commission rates are pretty low.

  • On average, you're only gonna earn about four to maybe 7%

  • of the sale when someone makes a purchase,

  • and if you do the math, that means you're on the low end,

  • you'd need to refer about $15,000 in sales

  • every single month in order to earn $1000 in commissions,

  • and on the high end, you'd have to refer $25,000

  • in sales to earn $1000 in commissions.

  • Now, according to Shopify,

  • the average order value for customers referred

  • from YouTube, for them, is $37.63.

  • Now, at a 4% commission rate,

  • you'd make about $1.51 per customer.

  • The study also found that video content

  • on YouTube converts at about 1.16%.

  • So, that means that in order to earn $1000 in commissions,

  • you would need to refer about 662 customers,

  • and in order to get 662 customers,

  • if your videos convert at the average rate of 1.16%,

  • you need to get 57,069 views

  • in order to convert 662 customers, ouch.

  • Now, obviously, working with averages here,

  • so this isn't going to be accurate for everyone

  • depending on your niche, your audience,

  • effectiveness of your videos, blah blah blah,

  • it's gonna be different, and yeah,

  • almost impossible for brand new channels.

  • So basically, we need to figure out how to get

  • to $1000 a month in commissions with way fewer views,

  • so that is within reach for new channels.

  • So there are really three ways that you can do this,

  • and I'm gonna show you all the math,

  • so you can see exactly how doable

  • this really can be for you.

  • Now, the first way is to start promoting high-ticket items.

  • Now, for example, one of the things

  • we love to do here in Florida is kayaking.

  • Now, our house sits on a canal

  • that leads out to the Gulf of Mexico.

  • We see manatees and dolphins, all kinds of fish,

  • and our kayak really lets us experience

  • all that way up close.

  • Now we did a lot of research before buying our kayak,

  • and most of that research was actually done

  • on YouTube watching review videos.

  • Now, in the end, we spent thousands of dollars

  • on a Hobie kayak.

  • Now, imagine promoting a product like that

  • with your YouTube videos.

  • Now the outdoor store, REI,

  • their affiliate program pays 5% commissions.

  • So if you take a kayak, like this,

  • which was $3,349, you'd make $162.45 per sale.

  • Now that sounds a lot better than $1.51, right?

  • So this means you only need about six sales to reach $1000.

  • Now if we assume the same conversion rate,

  • that's potentially only 517 views that you would need

  • in order to refer six customers and make about $1000.

  • So, if you promote cheap stuff,

  • you only need about 57,000 views to make $1000.

  • If you promote high-ticket items, potentially,

  • you can only need 517 views to make $1000.

  • So now, do I have your attention?

  • I thought so.

  • - [Man] So, I think you winked the wrong eye.

  • - Yeah, I think I did.

  • So if you lean this way, you wink this way.

  • Right, okay (light laughing). - [Man] Yes.

  • - Okay, so we still have two more ways

  • that you can also do this.

  • Now, the next way to easily earn $1000

  • in affiliate commissions is to promote products

  • that pay just much higher percentage of the commission.

  • Now, there are affiliate programs that pay anywhere

  • from 20% on the low end up to 50% or more on the high end.

  • These products are almost always digital products,

  • online training courses,

  • software, membership sites, apps.

  • Since digital products

  • have much lower overhead than physical products,

  • sellers can offer much higher commission rates

  • to their affiliate programs.

  • For example, we've gone through several

  • online training courses to learn

  • how to sell products on Amazon.

  • Every single one of them has affiliate programs.

  • So, if we refer anyone to those training courses,

  • we get 30 to 50% of the purchase price.

  • Now the course that we like best,

  • that we recommend the most cost $1000

  • and that pays a 40% commission.

  • So on a product like that,

  • we only need to make three sales per month

  • to earn $1200 in commissions.

  • Now, the very first course that we bought cost us $5000.

  • Now, since a friend of ours referred us to that course,

  • we used her affiliate link to purchase.

  • That affiliate program pays 40% as well,

  • so she made $2000 when we purchased through her.

  • Imagine, making $2000 by referring one stinkin' customer.

  • So method number one is selling products

  • that just costs more.

  • Method number two is selling products

  • that pay higher commissions.

  • Method number three is actually our favorite.

  • Now, that is to promote subscription based products

  • that pay reoccurring commissions month after month

  • after month.

  • These are great because you can build up residual income

  • with every single customer that you refer.

  • For example, the Honest company has a diapers

  • and wipes subscription that is $80 a month.

  • They also have an affiliate program

  • that pays 5% commissions.

  • That means that you're making $4 per month per customer,

  • which means that you would need to refer a total

  • of 250 customers to earn $1000 per month,

  • and oh yeah, that's still a lot of customers,

  • but the great part about this is that

  • you only need to refer a customer once

  • and get paid every single month

  • that they pay their subscription,

  • and just think about how many years

  • people's kids are in diapers.

  • Now, the way we prefer to do this

  • is actually with digital products

  • that are gonna also pay a much higher commission,

  • which is how we make hundreds of thousands

  • of dollars a year, even with a small channel.

  • For example, Active Campaign is the email marketing system

  • that we use and we recommend,

  • and it has an affiliate program.

  • So whenever we refer a customer,

  • we get 30% of their subscription fee every single month.

  • Now Click Funnels is a funnel building software

  • that we use and that we highly recommend,

  • and we've done a ton of training on it, and guess what,

  • when we train on it, we refer people to use it.

  • Every customer we refer,

  • we get 40% commissions for their membership fee,

  • which is $100 a month, we make $40 per month per customer.

  • So with something like that,

  • we get $1000 per month for every 25 customers we refer.

  • Now another program that we use

  • and highly recommend is MyLeadSystemPRO.

  • It's an online marketing system,

  • and it pays as much as 50% commissions.

  • But, it's programs like these

  • that will have accumulative effect

  • on your monthly affiliate marketing income

  • because you're not just getting a one-time sale,

  • you're getting recurring, monthly residual incomes

  • for every single customer that you refer.

  • So, just to think about how doable this really is.

  • Imagine simply referring one customer every two weeks

  • through your videos to something like Click Funnels.

  • By the end of the year, you'd have 26 people

  • that would be making recurring payments

  • and you'd be making $1040 per month.

  • Now, that ladies and gentlemen, that is how small channels

  • without a ton of views can make significant,

  • $1000 per a month or more through affiliate marketing.

  • Now, if you want to learn exactly

  • how to create those videos on YouTube

  • that are gonna bring you affiliate sales,

  • plus examples of small channels

  • who are making just crazy amounts of money

  • with affiliate marketing,

  • you definitely want to watch this video next,

  • upper right corner of your screen

  • or at the top of the description.

  • Click that one next and I'll see you there, take care.

- So, here, this is one affiliate program

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B1 US affiliate refer customer month marketing earn

How Small Channels Make $1000/Day on YouTube with Affiliate Marketing

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    tlgetts posted on 2020/03/29
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