Many people are interested in making money with an Internet-based side hustle to supplement their regular income or even start an online business to completely replace their income. Although there are many ways to make money on the Internet, one of the quickest and easiest ways to make money online is by starting an affiliate marketing business. Even if you have an existing business, affiliate marketing is one of the easiest ways to add an existing income stream to your business.
Affiliate marketing is a great way to make money online as a standalone business or as a source of additional income for an existing business. While it is not as easy as making money with ads on your website, it is still relatively simple to do and has more potential for profit than just advertising on your website.
Affiliate marketing allows you to make money online, even if you don’t have a blog, website, or products that belong to you. Following a few simple steps can get you up and running in a matter of hours and earn your first commissions right away. Affiliate marketing is truly one of the quickest and easiest ways to make money online and should be part of the portfolio of every online business owner. The affiliate marketing formula remains relatively constant regardless of your market or niche. Your main task will always be to generate traffic (that is, to drive prospects to the merchant’s website via your unique “affiliate” link).
If you do not have money, you can start by finding ways to get free traffic to your website, including blogging, posting to other websites, and posting to websites. social media like Facebook , Instagram , etc. If you have a budget, you can drive traffic even faster with paid advertising methods, such as paying ads on Facebook, banner ads on other websites, and using Google Adwords .
Free traffic is great because it is free, but once you have enough money start using paid ads to grow your business quickly. Writing good copy sales ( copywriting ) is another important skill for marketers online. The good news is that when it comes to affiliate marketing, many providers will provide you with ad copy to use for your blog posts, website ads, etc. They will give you emails to send, banner ads to display and even messages you can use on social media (like Facebook, Twitter, LinkedIn, etc.). The more the vendors donate to their affiliates, the better the changes an affiliate must make to make sales for them is a win / win situation. That said, what are the essential steps for successful affiliate marketing? Here, we focus on five critical steps to start your own profitable affiliate marketing business quickly and easily.
Choosing the right affiliate network
The match must be perfect between you and the merchant who will benefit from your promotional efforts, otherwise it simply will not work. The easiest way to start with affiliate marketing is to select an affiliate network. There are many affiliate networks, some of which are linked to well-known companies like Amazon, Google and Apple, while others specialize in specific types of products and services.
You may have heard of ClickBank, one of the oldest and most popular affiliate networks. A billion dollar business, ClickBank specializes in digital products such as e-books and software, as well as membership sites. If you haven’t considered selling digital information products, you should seriously consider doing so taking into account all of the benefits. Digital information products offer much higher commissions (10 to 75%) than physical products, which generally only offer commissions of less than 5%. Consider seriously selling digital information products as an affiliate, as they often offer much higher commissions than physical products. Another network that you should consider when it comes to promoting products as an affiliate is Amazon.com. As you may already know, just about any physical product can be sold on Amazon.com.
Although products on Amazon typically offer lower commissions than digital products, selling products on Amazon as an affiliate can represent a much larger business volume and most people trust Amazon as a business. merchant, which facilitates the sale of products as a subsidiary. Finally, in some cases, you can work directly with a company or person as an affiliate, rather than going through a network. Entrepreneurs or businesses can manage their own affiliate program and you can contact them directly to promote their products and services. If you see a product that you would really like to promote as an affiliate and the company does not offer a formal affiliate program,
Find and select the right affiliate products
A good product strategy is a must for new affiliate marketers. Ideally, you should choose a niche that you can make money online with and has a lot of product suppliers. This will give you a wide selection of products to offer to your online community. However, when you’re just starting out, you should limit yourself to two or three products at a time. This will allow you to truly become an expert on the products that you are promoting which can be helpful when it comes to marketing these products (such as writing product reviews).
As you become comfortable with the affiliate marketing process, you can consider both specialized (for example, fly fishing) and broad (for example, weight loss) niches. Do not forget to follow your marketing indicators! They are usually provided by your network of merchants and / or affiliates. Tracking your metrics will allow you to see what is working, what is driving sales and what is not, which will waste your time and / or money. In this way, you will be able to know which products your audience is reacting to and which ones are not generating any profit for your business.
This is especially important if you are investing in paid advertising to drive traffic and promote products as an affiliate … you need to know which campaigns are profitable and which are losing money. You will want to continually monitor the market for new products, examine and test the promotion of these products to your audience to see which ones resonate and transform.
Consider buying the product before promoting it
As a new affiliate marketer, you don’t have to buy all of the products you want to promote. However, it goes without saying that owning and using the products is enormous in building credibility and trust. An intimate knowledge of the product can make the difference between making the sale and moving prospects elsewhere.
Writing product reviews is a great way to improve your credibility as an affiliate marketer. This is particularly easy with information products like e-books which are relatively inexpensive. Having established a stable income, it may even be worth buying high-end products, provided you contact the product creator to develop a strategic marketing plan that will take you to the next level.
If you are actually using the product and getting results with it, then sharing a case study or your personal experience can be one of the most effective ways to sell these products to your audience. As you build a more responsive list of email subscribers and buyers and your reputation, marketers may offer you “free” samples of e-books or other products.
Note: In many cases, merchants will be happy to offer you a free copy / sample of the product even if you do not have an established business, it never hurts to ask! If this is the case, you will want to include full disclosure that you have received free access to the product in addition to having a disclaimer disclosing your affiliate relationship.
Use social media marketing to get more traffic
Facebook, Twitter, YouTube , Pinterest and other social media marketing methods are great vehicles for “word of mouth” or viral marketing. Video marketing, in particular, is a great way to demonstrate your expertise through comments, screenshots and live demonstrations if needed. Right now make videos on Facebook and Facebook Liveare extremely effective and use YouTube for a longer term approach to video marketing. While at first you can focus on using social media as a free way to get traffic, keep in mind that there are powerful ways to use paid social media advertising to reach your target audience and redirect this traffic to your site or your partner offers.
Consider using redirect links / “Pretty”
Cloaking or using anchor links has been a controversial issue in internet marketing circles, with some affiliate marketers swearing by it and others who find it unnecessary. For one, long and ugly affiliate tracking links are a direct gift to the people you want to sell them a product (and people may be uncomfortable clicking on them). Therefore, making your link shorter and “prettier” will make it look more professional. One of my favorite plugins to make links “pretty” is the Pretty Links WordPress plugin. This makes the link much shorter, more user-friendly and easier to type in case they can not click the link for any reason and want to type it into their browser.
The bottom line on getting started with affiliate marketing
Whether you are starting a new business from scratch or already have an existing business (offline or online), affiliate marketing is a great way to generate income online. All you have to do is to recommend relevant products or services to your audience and the seller of the product you are promoting is responsible for everything, including product creation, sales process, customer service, refund, etc.
The key to success with affiliate marketing is to start and keep learning new tips and tricks to develop your affiliate business as you continue to build and grow your affiliate business.