If you’re reading this article, then chances are high that you’re interested in making money online and that’s why I’m here to help. What I want to talk about today is how to make money with affiliate marketing.
Affiliate marketing is a very popular way for people who have blogs or websites to earn extra income by promoting other people’s (or company’s) products on their pages and getting a small commission for every sale that they generate.
What is Affiliate Marketing?
Affiliate marketing is a commission-based system where a business rewards a third party with a percentage of the profit for each customer they convert to the company’s website.
Affiliate marketing is a type of marketing in which merchants pay commission to publishers for either bridging products from other marketers, or for driving sources to other marketers.
How it works
Affiliate marketing is when a company rewards an affiliate with a commission for sending them customers or sales. The commission can be a percentage of the sale, or a fixed amount.
For example, if you’re selling dog food and your customer buys three bags, you might pay $10 per bag as an incentive to the affiliate.
Affiliate marketers share their affiliate links to potential buyers of products, and once they click on the link and buy the product through the link, affiliates earn a commission which is their profit for promoting the product.
Having affiliates boost your sales is an excellent way to expand your reach without huge advertising costs – only paying affiliates that send you business. That’s pretty much it!
Top affiliate marketing programs
There are 1000s of affiliate programs that you can join to start promoting affiliate products and earnig a good deal of passive income. A few of those are listed below;
- Amazon Associates
Steps to making money with affiliate marketing.
1. Find your niche
Starting out, it’s best to sell products or services you are close to. Online marketers refer to this as “picking your niche.” You should select an area of focus that suits your current interests or your career progress.
Making money with affiliate marketing is more than just earning commission on sales that your referrals generate. It’s also about finding your niche and establishing a reputation as an affiliate marketer.
When choosing your niche, you may consider the following;
- Profitability. It should be profitable and can easily be monetized
- Passion. Choose a niche for which you have the greatest passion. This will make you motivated and reduce the boredom if otherwise.
- Skill. It’s better to choose a niche in which you have some skills so that you are able to guide the customers if they have any inquiries.
This can help you find new affiliate partners and build your reputation so you can earn more money over time. But where should you start?
To make money with affiliate marketing, you will need a platform that enables you to reach out to potential customers.
2. Start a blog or youtube channel in line with your niche.
(a). Starting a Blog
An amazing blog can increase your earning potential and allow you to become a successful affiliate marketer. All you need is to start a blog with WordPress, the leading and greatest site builder for bloggers.
Bloggers can make a pretty decent living by sticking with affiliate marketing, and it doesn’t take a lot of complicated knowledge to get started.
The only thing limiting you will be your own hard work & good fortune. It just takes time & effort to be successful.
(b). Starting a YouTube Channel
Being an affiliate marketer is a great way to make money on YouTube. There are different ways to do it, but one tactic is including links to products you review and use in your videos that will track a purchase.
If someone makes a purchase using your affiliate link, you receive a small commission for that. And given the worldwide coverage
You can create a youtube channel so easily following these simple steps;
- Sign in to YouTube on a computer or the mobile site
- Click your profile picture on the top right corner.
- You’ll be asked to create a channel.
- Enter your details such as channel name and so on.
3. Create Blog or YouTube content related to your niche.
Affiliate marketing works hand in hand, and also works best with either a blog or Youtube channel. This is because the content on a blog or youtube channel attracts readers or viewers, respectively.
These blog or youtube channel visitors thus are most likely to click on your affiliate links that you can add to your blog content or youtube video descriptions.
Whether you start a blog or youtube channel is all yours to decide. Both of these have merits and demerits over one another. Make your research to be able to make an informed decision.
4. Master SEO.
Why not take your content marketing efforts to the next level? You want to reach more people through search engines like Google and Bing.
You want them to find you when they search for things related to your niche or industry. Search engine optimization (SEO) is one of the most effective ways to increase traffic and leads from search engines.
It’s also because people might search for something and your blog post would appear on the search results.
This is true because someone who searches for the topic could be interested in your blog post and click on it which might generate more traffic.
5. Aim for quality over quantity.
Good content keeps visitors coming back. The more visits they make the greater the chance is that they’ll not only read your content but also click on an affiliate link or make a purchase.
The key to building a following online is great content – it’s the most important factor. If you have a good product but mediocre copy, people will be put off before they even notice your message.
6. Add affiliate links in your content.
Affiliate links are a great way to make money by promoting other people’s products. It is a win-win situation for both the affiliate and the merchant.
Sometimes a link can include a referral code or affiliate ID. When someone clicks this type of link, the merchant registers the visitor and gives them a commission for any purchases. This helps you gauge what kinds of products people are interested in.
A good way to use affiliate links is to include them in your blog posts, because it helps readers save money on their purchases.
Once your blog readers or your youtube video viewers purchase the product through your affiliate link, you get a commission for the purchase. These commissions vary from around $10 to over $150 per purchase depending on the product and affiliate program.
7. Promote your affiliate products.
The best way to promote your affiliate products is through creating content related to the product. It could be a product review or something related to the product.
You can then add affiliate links to your content. Therefore, to promote your affiliate products, you will need to promote your blog or youtube contennt.
There are several ways to promote your blog content, some of these include; sharing to Facebook groups, whatsaap, instagram, answering questions on Quora, and so on.
8. Use Email marketing.
Your email list is hands down the best traffic there is. It’s always yours, and you can tell they’re interested in your topic because they already engaged with your content.
So yeah, you know exactly who’s watching, and that creates an excellent audience for you to speak to.
Therefore, you will need to build an email list. You can use any of the email list builders such as MailChimp to develop your email list.
You can easily send personalized emails to your email followers, and through that, you can easily get good results.
9. Build strong relationships.
To become very successful at affiliate marketing, you need to be able to build a strong relationship with both the buyers and your suppliers.
Find out how your affiliate partners want to be contacted on a daily basis. Some may have a different work schedule and prefer one form of technology over another, so it’s best to understand these preferences as early as possible.
You also need to be able to build a close relationship with your customers, the buyers of your affiliate products. You need to find out what products they are most interested in.
But most importantly, provide them with both quality products and the necessary product information that they need to know before purchasing the product. Honesty is key.
10. Join an affiliate program.
There are several affiliate programs that you can join and start making money with affiliate marketing. But before joining any, make enough research and read their policies and guidelines.
For some programs such as Amazon.com, you may be required to attain a certain number of social media followers before you are eligible to join.
While, for many other Affiliate programs, you can easily join even zero followers or even without any social media channel or platform.
11. Study and learn from other affiliates.
A great way to build up experience as an affiliate marketer is through free online communities. These resources are valuable for all levels of experience and combined with other learning resources, can lead to long-term success.
There are several communities of Affiliate marketers suh as Facebook groups, LinkedIn groups, and other forums where people get to share their experiences in affiliate marketing freely to help others become successful.
You can also watch several videos on youtube dedicated towards helping you to leran as much as you can about affiliate marketing.
12. Hard work & Consistency.
Anything fruitful requires a great deal of hard work. Affiliate marketing is not a get rich quick scheme, though the long term results will be worth your hard work.
Most interesting about affiliate marketing is that; you don’t have to be skilled or a professional to start making money with affiliate marketing, anyone willing to sacrifice their time and effort can succeed here!
The most common cause of failure with afffiliate marketing is lack of consistency. You need to be consistent in uploading content on your blog or youtube channels, adding links to your content, and also consistent in writing good quality content and promoting quality products.
Results may sometimes take long to show up, but you shouldn’t give up. This because you are not the first person to face it. even the ost successful affiliate marketers have faced the very challenges you are likely to face.
All in all, like any other endeavors, only one thing counts when it comes to Affiliate marketing. That is, starting. Don’t wait to become perfect. You can slowly by slowly gain experience as well as money.
Hope you learnt something of great value from this article. If so, then give us a like and follow our blog for more interestingly great articles on making money online and offline.