How To Make Money With Affiliate Marketing
Making money online is a dream for everyone. Especially, having a source of income other than your 9 to 5 job is beneficial to all.
This online money making can be taken as a supplement source of income or as the current trend is – make it your full time earning source.
One such source of online income is Affiliate Marketing. Over the years, affiliate marketing has evolved as a great source of online income. It can be a source of additional revenue or an independent business. The choice is yours.
Now, before getting in details on How To Make Money With Affiliate Marketing and the best way to do affiliate marketing, let’s first understand what the term affiliate marketing is and what exactly is the whole process.
What is Affiliate Marketing?
In simple terms, affiliate marketing can be defined as earning a commission by promoting products or services of someone else. You find a product of your liking, start promoting it to others and earn some profit for each time the product is sold through you.
After understanding this basic definition of affiliate marketing now the question is – how this process works online?
How Does Affiliate Marketing Work?
When you join the merchant’s program, you are given a unique ID and a specific link or URL (affiliate link) to use for the promotion of the product.
You can include this link or URL in your blog or website content, email marketing campaigns, etc. inviting the audience to know more about the product.
When your affiliate link is clicked by a person, a cookie is stored on the person’s computer. If they buy the product within a specific period, the merchant or the trader can see that the sale was made by your affiliate link.
If the merchant sees a cookie with your affiliate ID, you are credited with the sale.
The merchant makes reports available all reports so that you can see your sales and referrals.
The merchant pays the commission at the end of the payment cycle.
How Do You Become an Affiliate Marketer?
You have understood what affiliate marketing is. You have understood how the process works. Now, the question in the back of your mind is – How do you become an Affiliate Marketer?
Don’t worry in the present digital world becoming an affiliate marketer is not a big deal.
If you would have thought about this in the mid-90s, then surely it would not have been such an easy task. However, in the present time all you need to do is follow some simple steps:
Choose The Right Affiliate Network: There are many affiliate websites that offer hundreds and thousands of products. All you need to do is sign up on these websites and create your free affiliate account.
Important factors to keep in mind before signing up on any affiliate network website is to check the guidelines and policies beforehand. Secondly, check the reviews for that website.
Thirdly, the payment modes, how much commission is deducted for payment transfer (if any), and if the payments are done without any discrepancies.
Choose The Right Niche/Affiliate Product: This step is also important and should not be overlooked. Becoming an affiliate marketer does not mean that you can choose any product randomly and generate revenue from that product.
You need to keep certain things in mind that will ensure your success as an affiliate marketer.
The most important thing to keep in mind while selecting a niche or a product is – if the product is relevant to your audience? Or will they benefit from the product?
Your awareness of the specific niche or knowledge about the product, in general, is another factor to keep in mind.
Lastly, check the affiliate commission percentage or commission rate on the product that you are choosing.
Research: Researching the products is also important to get the exact idea of how the product is doing in the market or how many people are making money through that affiliate product.
This will allow you to get an in-depth knowledge of the products you are promoting and will further help you in marketing those products.
Apart from keeping in mind the aforementioned points, you should also keep in mind tracking your marketing products.
This will help you in better understanding what product is working or generating sales and what product is not working which will enable you to stop wasting your time/money on the specific product which is not performing.
This is essential if you are investing in any sort of paid advertisements to promote the product or drive traffic to your affiliate link.
Furthermore, continually monitoring the affiliate network or marketplace for upcoming or new products is also a good practice.
How To Promote An Affiliate Offer Or Affiliate Link?
By now you must have an understanding of what affiliate marketing is, what products you want to choose for promoting and how to get an affiliate link for those products.
However, if you don’t have the slightest idea to promote them, it doesn’t make a difference, does it?
In this section let’s talk about some of the most successful and easiest ways to promote an affiliate offer.
The very first step is to create a blog or website which will help you to build trust with your audience.
After that, you can follow the below-mentioned points to increase your sales.
Affiliate Marketing with Product Reviews: Product reviews are a terrific way to generate some sales. The best way to write reviews is, to be honest about them.
Writing a review doesn’t mean that you only mention the pros of the product but also if there are any drawbacks or any cons to be upfront about them as well.
Moreover make sure to include the following points: Clear headline with proper keyword. Clear links at the starting and end of the page. Proper recommendation. A personal story about the product and how you use it or reason for the recommendation.
Affiliate Marketing with Tutorials: Tutorial posts or videos are effectively one of the best methodologies for driving up your sales. They can set aside a long effort to fabricate, but at the same time, it’s justified, despite all the trouble.
So what is a tutorial precisely?
Straightforward, you make a post or a video that tells individuals the best way to achieve something bit by bit – you at that point make an item or administration one of the key parts to progress.
For example, this blog that you are reading is a fine example of a tutorial.
Affiliate Marketing with Comparison Posts: This is another influential method to make affiliate sales.
It functions admirably when there are either two items that are fundamentally the same or almost similar and individuals are thinking about one item or the other one.
A good example of this can be a comparison post between PlayStation 4 versus the Xbox One.
Another kind of examination post that functions admirably is when there are multiple choices, and individuals don’t have the foggiest idea of what to pick.
The Bottom Line For Beginners with Affiliate Marketing
You must have heard the saying “Rome was not built in a day” and so do keep in mind that to reach a successful level in affiliate marketing you need to take it step by step regularly.
Keep up-to-date with the current trend and keep learning new tricks and tips for building your affiliate marketing business.
Remember, consistency is the key.