One of the quickest ways to start earning an income from your YouTube channel, is through affiliate marketing.
You don't need to spend time developing your own product, instead you review and recommend ready-made products as an affiliate.
You sell a product, the product vendor (or affiliate platform) pays you a commission.
Also note that the Associate gets paid a commission on any other item the customer purchases in the same transaction. So if they also add a tripod, a lens and a camera bag, then they get commission on those.
I know of YouTubers that earn several thousand dollar per month in Amazon commissions and remember that a video can stay on YouTube for many years so it can keep on giving.
Most software products are delivered as a monthly or annual subscription and you get paid a percentage for as long as your referred customer keeps using the software.
Here are links to some of the products with the best affiliate programs. And yes these are affiliate links so I will receive a commission if you sign up for a paid product.
Kartra: 40% recurring commission. All-in-one marketing software (this page is built using Kartra)
If you like the product, sign up to use it, sign up as and affiliate and make a few sales and the cost of the product is covered.
If you want to learn more about Affiliate Marketing, I recommend you sign up for my good buddy Pat Flynn's 1-2-3 Affiliate Marketing course using the link below. Pat built up a 7-figure online income just through promoting affiliate products.
Many people have built highly successful online businesses using YouTube as their principal traffic source, and you can too.
Unlike Instagram and Facebook, videos posted on YouTube can continue to appear in peoples' searches and suggested video feeds for many years. This can provide a consistent source of leads for an online business.
So let's look at the process for doing this.
Brendon Burchard recently sent me an email. In it he gave me his viewpoint on what is needed to succeed in 2020 and beyond. Here is what he said:
I think there are only THREE skills required to majorly win in this digital economy.
These used to be for "lifestyle entrepreneurs." Now it feels like they are the modern equivalent of job security.
But what should you DO with that? How do we deploy these skills for a more abundant future for our families?
If you are going to create a product, there are only *FIVE things* that I would create and sell if I were you.
You don't need to create and sell all 5, but knowing these are the most popular and 100% virtual - no travel, no inventory, no office required - will really help you.
You have to decide which of these products or services you have or want to create.
From there you can build the sales funnel to drive traffic to this.
So let's take a look at an example.
This is a funnel I built using Kartra. It is designed to work in partnership with a YouTube video. You make a video about a particular topic. During the video, you offer the viewer the chance to learn more by clicking a link to register for a Webinar.
They watch the webinar where you educate them on the subject you cover in your paid course or membership. During the webinar, you offer them the opportunity to purchase the paid program for a special, limited time price and they are taken to a sales page.
If all goes well, they become a customer.
If this all looks like a lot of work, don't worry I have this all built out in Kartra as a Done-for-you funnel. It is available free to anyone who signs up as a Kartra user using my affiliate link.
I like to look after my Kartra customers.
When I say they should connect people to your paid product, your leadmagnet needs to give them a taste of what they could learn if they purchased your paid product.
There is no point offering a leadmagnet about fly fishing if your paid workshop is about gardening. Maybe that's an extreme example. but you get my drift.
When I say "high quality" I don't mean it needs to be long. In fact, it really should be short and easy to digest. People are short on time these days. What I mean is that it should really help people and deliver great value so they come away thinking - "wow, if that is the free product, the paid product must be amazing!"
Again here is an example of a funnel that you can use to get people onto your email list using a leadmagnet.
You are building your email list, which is a key component of every successful online business.
To Build Your Online Business
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