How to Make Money with Affiliate Marketing
Affiliate marketing is one way to make money from online sleeping without having to hustle a nine to five job. But why many are yet to succeed is when they don’t have the right guide or mindset. If working from home sounds appealing, where you make money without hassles, affiliate marketing is something worth considering.
Affiliate marketing is one of the oldest forms of marketing, where merchants pay affiliates for marketing their products and services for a commission. If you have a platform with a considerable audience like emails or social media followers, succeeding in affiliate marketing becomes easy.
To dabble in this path of affiliate marketing and make money, you need first to understand the payment structure and terms.
- Pay Per Click (PPC) – In this kind of payment structure, you make money the moment a visitor clicks on your affiliate link. In other words, you earn by referring a potential customer to the website of your merchant.
- Pay Per Sale (PPS) – This method is prevalent, where affiliates make money when their referrals make a purchase using their affiliate link. The advertiser pays you some percentage from the purchase, called commission.
- Pay Per Lead (PPL) – The affiliate marketer makes money when a visitor completes some specific actions. It could be providing an email address, downloading some materials, and more.
How To Make Money From Affiliate Marketing
1. Find Your Niche
To delve into the affiliate marketing world, you need first to discover a niche that interests you. A niche is an industry or field that has high potential in terms of affiliate marketing. Before you settle for any niche, first determine your target audience and how to reach them. For most prospective affiliate marketers, getting a lucrative niche is often the hardest aspect. But when you can discover a profitable niche that offers a lot of potential, you’re halfway through success.
Before you consider a niche, ask yourself if you have an interest in such a field and if the topic is big enough and less saturated. If you’re able to answer yes to these questions, the last item would be if it’s lucrative or not.
One of the ways to find the ideal niche is to check out ClickBank and its numerous products. It would serve as a guide through which you’re able to find the right marketplace. You will see diverse categories like games, green products, employment & Jobs, Education, Business/Investment, etc.
2. Build A Website
Once you have found the right niche that you’re super interested in, the next step is to build a website that focuses on that niche. There are many guides on how to build a website or blog that you can use to develop your affiliate marketing business and make money. When you are creating a blog, there are some essential pages you need to have, like the about page, contact, privacy, terms of services, advertisement, and disclaimer.
These pages make your platform look reputable and transparent for visitors who might want to order products through your platform. Ensure that your site is fast and responsive, with a well-designed interface that makes user experience smooth.
3. Create Quality Contents
After you’re through with the design of your blog, the next logical step is creating incredible content that your users will find very helpful. As you already know, content is king when it comes to online business. Your aim should be getting organic from search engines like Google. You can only make that possible if you create content that users or Google find very useful.
Some affiliate networks often allow you to have considerable traffic or content before approval as an affiliate. This procedure helps to weed off unserious members who are not ready to put the work.
Although this doesn’t mean you need 100 blog posts to get approved, a few quality posts about your niche is best to be on the safe side. Pillar content is the key, and ensure you write in a way that your target audience would enjoy.
4. Grow Your Email List
Building an email list should be your top priority. The fact is that email marketing would help you get more sales through your affiliate marketing endeavor. When you overlook email marketing, you might find yourself losing tons of opportunities. There are many email marketing software or plugin that you can use, like OptinMonster and MailChimp. Most of these tools are free until you reach 2000 subscribers, where you will have to upgrade.
5. Choose Affiliate Products
There are numerous products which you can promote and make money. If you’re a blogger in the health niche, you can decide to promote some green products. If you’re a blogging trick blogger, there are lots of digital products that you can always market and make money. With great content that adds value to your audience, they will not hesitate to buy whatever product you recommend.
6. Join an Affiliate Network
There are lots of affiliate networks that you can join and make money. These affiliate networks have hundreds and thousands of businesses looking to promote their products to these platforms. When you sign up as an affiliate, you have access to market any product you want. The trick is to promote only products that are related to your niche. Here are some of the affiliate networks you might want to consider;
- CJ Affiliate
- Amazon Associates, etc.
When you start promoting a product, ensure you track your sales and performance. There are many plugins you can use to track your result and ensure that you’re making progress.
Making money through affiliate marketing is an exciting journey, but it also demands hard work and patience. That is because you might not start seeing results in your first or second month. With a good marketing strategy, you might pull it off and start making mind-blowing figures that make you financially stable.