I already said what is affiliate marketing. Now let’s know how to make money from affiliate marketing.
Many bloggers monetizing their blog with Direct ads, Adsense ads, and sponsored post but they missed a great method that makes money from affiliate programs. I always said Affiliate marketing is the best way to make money for a blogger.
There are many ways to be an affiliate. Most bloggers sign up with an affiliate network like ShareASale because it’s a one-stop place to find many programs to join. You apply to the network and then apply to individual programs in the network. They give you special links to use or banner ads that track clicks and sales. You can link to a website or to a specific product. When someone clicks on your link or ad and makes a purchase you make a percent of the sale, usually around 20-40%. Some programs give you a percent of any sales from their website from someone who came from your link, up to 60 days or longer by cache and cookies. Read it fully in What is affiliate marketing.
When you apply to be an affiliate, you are called a “publisher”. The brand or business is called the “merchant”. Some of the signup processes are not very user-friendly but they all involve filling out an application and getting approved by the network. Once approved you can search for merchants to promote. Once accepted, the merchant provides links and creative you can use on your blog.
What is Affiliate Marketing?
According to Wikipedia
“Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts”
Basically, you as a publisher will be rewarded when you help a business by promoting their products or services.
Affiliate marketing is probably one of the quickest and cheapest (not the easiest) ways to start making money online as you don’t have to create any products yourself. You simply link up a buyer and a seller, and you take a commission on the sale that has been referred by you.
How Does Affiliate Marketing Work?
When you join an Affiliate program and choose the products that you want to sell, sellers provide you with a unique affiliate code that you can use to refer traffic to the target site. Most affiliate programs will offer ready-made text links, banners and other forms of creative copies whereby you only have to copy the code and place it on your website to start referring traffic. When interested visitors click on these links from your site they get redirected to the product site and if they purchase a product or subscribe to a service you as the referrer make a commission.
The sellers can track your performance through your affiliate ID and the affiliate software that they use. You also have complete, real-time access to all sales and commissions stats.
You don’t need to sell products all the time to make a commission. Different affiliate programs can use different payment terms such as:
- Pay per Sale: In this program, a merchant pays you a percentage of the sale price when the purchase is completed.
- Pay per Click: In this program, you get paid based on the number of visitors you redirect to the Merchant’s website from your affiliate site, whether or not a sale is made.
- Pay per Lead: You get paid once the referred visitors provide their contact information on the target site by filling out a simple contact form.
Ways to Be an Affiliate
Be an Event Affiliate
Many conferences or events have affiliate programs. It can be as simple as a discount code that if someone uses your code, you’ll make money to a more formal setup. It’s easy to create a signup code and then track when someone uses that code to sign up. Then the conference organizer will pay you a percentage of the total sales.
Earn Money Promoting Free Products
You can be an affiliate for free things like free ebooks, downloads, coupons free trials, or even by posting recipes. There are also affiliates who get paid when someone fills out a lead form, such as applying for a credit card.
Every blogger can create a page of their favorite resources and use affiliate links in the post.
Create Helpful Posts and Use Affiliate Links
You could do a post about your favorite plugins and include affiliate links to any paid ones. Many affiliate programs will allow you to promote products directly on social media. We’ve seen fashion bloggers directly link to buy pages on Facebook,
Why be an Affiliate Marketer?
Affiliate marketing is considered to be one of the world’s fastest growing and best internet marketing techniques to earn money online free and I will explain why:
- Cost effective: Marketing on the internet is cheap and you don’t have to worry about the production cost as the product is already developed by the seller. You don’t need a physical business location or hire employees either.
- Global Market: Online marketing gives you the opportunity to reach people all over the world easily.
- No Fees: You don’t need to pay anything to join affiliate programs.
- No Storage No Shipping: You don’t need to worry about storage, packing or shipment of the product. They are all taken care of by the seller.
- No customer support: You don’t need to provide any customer support or deal with consumer complaints as the Seller does that for you.
- Passive income: A regular job can give you a fixed income as long as you continue to work. Depending on your marketing skill Affiliate marketing can create a steady flow of income even when you are not in front of your computer.
- Work from home: If you make enough money then you don’t have to worry about going to work at the same time every day or getting stuck in traffic. You can work in the comfort of your own home.
Tips on Becoming a Successful Affiliate Marketer
After reading all the benefits of affiliate marketing if you think you will be rich overnight by selling affiliate products online then you are wrong. Affiliate marketing is definitely the best way to make money online as we all know everyone want to the best way so it’s highly competitive too. In order to be successful in Affiliate marketing you need to know the market needs, learn how to promote products, what works and what doesn’t. The following are a few tricks on becoming successful in affiliate marketing that I have learned over time.
1. Only Choose a Handful of Good Products
All you need in order to be successful is a handful of good products to promote. here many bloggers make the mistake that they register with too many different affiliate programs and try to promote everything. Pursuing affiliate marketing down this path can become very overwhelming and you won’t be able to promote any product properly. Try to understand the market needs and look for products that align correctly with the topic of your site.
2. Use Several Traffic Sources to Promote Products
Most affiliate marketers put up the ads only on their sites. There is nothing wrong with this approach but know that there are many other traffic sources that you can tap into and promote the products simultaneously. The more targeted traffic you can send to the sales page the more your chances are of making money.
Google Adwords can be used to drive targeted traffic to a sales page. You simply make an ad in your AdWords account then use your site link that contains your ads and banners of affiliate merchant. Obviously, you will have to continuously measure the conversions and see if the campaign cost is less than the campaign profit in order to keep the campaign running but I am sure you get the idea.
(Note: Don’t put the affiliate link on AdWords targeted link you may ban from affiliate program network read carefully the terms and conditions of affiliate network.)
3. Test, Measure and Track Your Affiliate Campaign
It is a very good idea to use different product promotion strategies so you can figure out what is working and what is not. Try to do split testing and measure the performance of each campaign then take actions accordingly. Changing a few things here and there can increase your profit dramatically. Make sure to place the banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others.
Most affiliate programs will give you basic stats that you may need but there is nothing stopping you from using your own conversion tracking software too. There are many conversions tracking software out there that you can use to track your affiliate campaign.
4. Research the Demand of the Product
If you try to sell a product that is in low demand then chances are that you are not going to get many sales no matter how hard you try. So it is a good idea to spend a bit of time researching and finding out if a product that you are thinking of promoting is a product that your audience needs. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors.
5. Stay Current with New Methods and Techniques
Affiliate marketing is a very competitive field and people are always coming up with new techniques. Try to stay current with these new techniques and market trends otherwise you will fall behind.
6. Choose the Right Merchant
When you promote a product you also promote the person or the company who is behind the product so try to choose wisely. You don’t want your visitors to go and buy a product following your advice then come back unhappy. Do you think that this visitor will come back to your site and take your advice again? Most likely no; this can hurt your credibility in the long run. Usually, websites/company that offer good customer service will have better customer satisfaction so try to stick with promoting their products.
7.Only Promote products You are extremely very familiar with or using–
preferably products that You have used before and have helped you achieve something. If you are not confident in the product and You don’t feel it will positively help people,Then don’t promote it only for getting the commission. This will leave a big negative impact on next and overall earnings you will loose some big amount for a small commission.
8. Use Helpful Tools
If you are serious about affiliate marketing then try to find tools that will help you be more efficient. There are many helpful tools out there. If you are using a WordPress powered site then consider getting a plugin similar to the Thirsty Affiliates and buy add-ons of the plugin to get the most benefit out of it.
Don’t just hope and pray that visitors will buy; setup everything correctly and make it happen! If you think that visitors will click on your affiliate links and buy just because you placed dozens of affiliate links on your website then you are wrong! You need to have a structured plan in place. Affiliate marketing is a business so you will have a much better chance of succeeding if you treat it like one.
I am sure I haven’t covered everything so please feel free to share your tips in the comment area below t improve this post.