Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products.
You find a product you like, promote it to others, and earn a piece of the profit for each sale that you make.
It's a win-win-win scenario:
You’re happy because you earned a commission and delivered value
The company is happy because they have a new sale from a customer that they might not have normally been able to reach on their own
The customer is happy because they learned about a product from you that will hopefully fulfill a need or desire.
This works as long as you recommend a service or product that provides value.
The beauty of affiliate marketing is that you don’t have to invest the
time and effort to create a product to sell. You can start selling
something as an affiliate as soon as you have a platform to sell it on.
Affiliate marketing is something I’ve been doing ever since 2014 when I started adding affiliate links to complementary products on my physical therapy website. Later, I started created dedicated websites to affiliate products as well.
I also do affiliate marketing here on NigelChua.com,
sharing many of the tools and services that I use to run my online
businesses and investing, and if you or anyone else purchases through my affiliate
links I earn a commission.
If you’ve purchased from my links before,
thank you so much! I greatly appreciate your support!
The Two Most Important Rules I Have for Affiliate Marketing
There are extremely important rules
I use when promoting products that are not my own. You don’t have to
use these rules in order to become an affiliate or be successful at it,
but it’s what has helped me grow my affiliate income tremendously over
the last couple of years:
I only recommend products as an affiliate that I’m very familiar with—preferably
products/services that I’ve used before and have helped me achieve something.
I’m not confident in the product and I don’t feel it will positively
help people, I will not promote it.
I never directly tell anyone to buy a product. I always recommend products based on my experience and in the context of what I’ve done or what I’m doing.
how to start with affiliate marketing
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SGD 2,000,000 invested in dividend stocks with average 5% returns per annum by 45
SGD 2,000,000 in cryptocurrency
Owning, affording and living in a landed property in Singapore (or relocated to another country without worry of money) by 40
Publish at least one book by 40 years old
Online businesses serve readers and clients well (ie readers make more money, have happier/freer life etc), and website makes SGD 10,000 per month
Ongoing: spend more quality time with children, wife, family, bible, God.
Note/Disclaimer: My writings and works are NOT financial advice.
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