The New Method for Affiliate Marketing: How to Succeed in 2024 and Beyond


Affiliate marketing has been around for many years, but the strategies that worked well in the past are now outdated and ineffective.

To succeed with affiliate marketing in 2024 and beyond, you need to adopt new evolved tactics.

In this comprehensive guide, we will cover everything you need to know to build a successful modern affiliate marketing business that generates consistent recurring passive income.

 

Affiliate Marketing is Not Dead - But it Has Evolved

Some people claim affiliate marketing is dying or dead. This isn't true. However, the old-school models are no longer working. The market has evolved and strategies need to evolve too.

Back in the day (think the early 2000s), affiliate marketing was pretty simple. You'd find a product to promote, get an affiliate link, drive traffic to it and hope for conversions.

This strategy revolved around sending cold traffic straight to an affiliate offer and expecting instant sales. And it worked for a short time. But there were some big downsides:

No long-term assets - You weren't collecting emails or building an audience. Just relying on instant conversions. This meant you had to constantly find new traffic sources.

No recurring revenue - Sales came inconsistently. One month you may earn $10k but the next only $600. This makes income unpredictable.

High refund rates - With no relationship or trust built with the customer, refunds were common. Affiliate commissions would get clawed back.

For these reasons, the traditional method simply isn't sustainable in the long run. The market has evolved. While affiliate marketing isn't dead, the old-school strategies are.

The good news is there are new evolved tactics that work extremely well and can help you succeed with affiliate marketing in 2024 and beyond.

 

The No.1 Key to Affiliate Marketing Success

If you take only one strategy away from this guide, it should be this - you must focus on promoting recurring commission affiliate products.

These are products that pay you an ongoing commission for the lifetime of the customer. Examples include:

  • Software with a monthly subscription fee
  • Membership sites with monthly fees
  • Apps with recurring monetization models

Recurring income products align perfectly with the passive set-and-forget nature of affiliate marketing. You refer a customer once, and earn commissions month after month from that one referral.

This means:

  • You earn commissions every month on autopilot
  • Income becomes predictable
  • You build an asset that delivers cashflow

Recurring programs create true longevity and sustainability in your affiliate business.

 

Where to Find Recurring Affiliate Programs

Here are some places you can find recurring SaaS and subscription affiliate programs:

  • PartnerStack
  • ClickBank
  • OfferVault
  • Shareasale
  • AppSumo
  • Software promoted on review sites like Capterra

Study these marketplaces. Find recurring programs related to your interests and passions. This focus is absolutely crucial for long-term affiliate success.

 

The Affiliate Marketing Sales Funnel

In the past, affiliate marketing was largely a manual process. The marketers had to do all of the selling themselves. Today, automation is key.

You need to create an affiliate marketing sales funnel - an automated, systematic process that sells for you.

What is a Sales Funnel?

A sales funnel moves a prospect through a series of pages, delivering value along the way and eventually leading them to a conversion and sale.

Each page builds more trust and moves them closer to a purchase of the affiliate product you're promoting.

This allows you to systemize and scale the promotion process in an automated way. Your funnel sells 24/7/365 on autopilot!

Here is an effective affiliate funnel structure:

1. Lead Capture Page: The visitor lands on a page where you offer something of value (like a guide, coupon, web class, etc.) in exchange for their email address.

2. Value Content: A page with a video or article that educates prospects and builds trust. Contains an affiliate link.

3. Follow-Up Emails: A series that promotes the affiliate product, aiming to convert subscribers into customers.

This automated affiliate system will generate commissions month after month hands-free!

 

Benefits of Using a Sales Funnel

There are a few big benefits to this sales funnel model:

  • Lead capture - You build an email list you can market to over and over
  • Automation - The system sells for you 24/7 without manual work
  • Value building - More value means more trust and conversions
  • Recurring income - Customers convert on autopilot from email follow-ups

For optimal results, create funnels for each product you want to promote and tailor them to that specific audience.

 

Driving Consistent Traffic to Your Funnels

Now that you have your recurring affiliate programs selected and funnels built, it's time to drive consistent traffic.

The key is driving a steady stream of new visitors into your funnels every day. Here are some proven traffic sources:

1. Social Media Traffic

Promote your opt-in page and affiliate content across platforms like Facebook, Instagram, YouTube, TikTok and more. Create lots of value-driven content tied back to your funnel.

2. SEO Traffic

Build an affiliate review website and create content optimized for keywords related to your niche and product. Rank your content and funnel pages on Google.

3. Facebook Groups

Join and contribute value to Facebook Groups where your target audience is already active. Provide value consistently, but don't directly promote.

4. Paid Ads

Consider running paid ads to your opt-in page and affiliate funnels. Start with low-cost scalable platforms like Google, Facebook and TikTok.

5. Retargeting Ads

Use pixel tracking and retargeting to market to previous visitors who left your funnel. Remarket and capture more leads.

The key is consistency. Drive a little bit of new traffic every single day. Your evergreen funnels will convert this traffic into commissions on autopilot.

 

Putting it All Together - A Blueprint for Affiliate Marketing Success

Here is a step-by-step blueprint summarizing everything you need to set up a successful modern affiliate marketing business:

Step 1) Choose Your Niche

Pick a niche you're passionate about that fits into one of the big 3 categories - health, wealth and relationships. These markets have insatiable demand.

Step 2) Find Recurring Affiliate Programs

Search affiliate marketplaces for recurring SaaS and subscription products in your niche to promote. Ensure there are healthy commissions.

Step 3) Build Your Sales Funnels

Create optimized high-converting sales funnels for each product you want to promote. Focus on delivering value first.

Step 4) Drive Consistent Traffic

Use a mix of organic and paid strategies to drive a steady stream of visitors into your funnels daily.

Step 5) Track, Optimize and Scale

Use affiliate links with tracking to monitor conversions. Continually optimize each step in your funnel and scale traffic.

If you follow this plan and execute it diligently over time, you'll be able to generate life-changing passive affiliate income.

But it all starts with the right recurring affiliate program selection and a focus on funnels and automation.

 

Wrapping Up

If you want to start putting these strategies into practice, the first step is finding a recurring SaaS or subscription product to promote with healthy commissions.

Once you find a good recurring program, focus on building your high-converting sales funnel.

Drive traffic, optimize and scale. Track your conversions and aim to increase affiliate revenue month over month utilizing the blueprint above.

The future is bright for affiliate marketers who adapt and implement these evolved affiliate marketing approaches.

You can absolutely achieve sustainable affiliate success in 2024 and beyond by focusing on automation and recurring passive income.

What recurring affiliate model are you most interested in pursuing first? Let me know in the comments!

 

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