If you want to learn how to make money with affiliate marketing, all you have to do is follow tips from experts. Nothing beats learning how to do it from people who have already succeeded in this field.
Affiliate marketing is one of the many ways you can earn money online especially if you are into blogging. In fact, a lot of popular bloggers these days make a lot of money from being an affiliate.
While there are bloggers or social media influencers who earn from affiliate marketing, there are still a lot of people, who are not familiar with how affiliate marketing works. More so, there are also people who have heard of affiliate marketing already but are not fully aware of its earning potentials.
Getting into affiliate marketing is actually perfect for a stay at home moms who own write and own blogs or have a good number of social media followers on their social media accounts. It’s a great way to earn money while basically doing something you love without having to worry about deadlines and the like.
Having said that, we are going to help you understand what affiliate marketing is all about by answering some of the common questions on this subject matter, which include:
- What is the meaning of affiliate marketing?
- How to become an affiliate?
- What are the different affiliate programs available?
- How to make money with affiliate marketing?
- What are the best affiliate marketing companies to partner with?
WHAT IS THE MEANING OF AFFILIATE MARKETING?
Would you believe that affiliate marketing has actually been around for quite a long time already? Well, we tell you, you should. Because the truth of the matter is, affiliate marketing is apparently one of the oldest marketing practice that allows affiliates to earn commissions from sales made through the affiliate’s recommendation.
See? The word “oldest” must have made you wonder and ask, “If it’s been there for a long time now, then, why am I only knowing this now?” Well, there are a lot of probable reasons to that – and one sure thing is – you just do not know it actually exists.
Now, let’s get back to serious mode here.
Apart from being the oldest, and the most tried and tested method to make money, affiliate marketing is also said to be one of the cheapest and easiest ways of marketing, simply because you do not have to do make or sell any products or services. Your job is to basically link the buyer and the seller, and then, you make money from commissions for every successful sale made of a product or service.
That sounds easy money, right? Well, it is especially if you hit the right market and link the right product and services according to the topic you discuss on your blog or website.
In an article published by Forbes, they defined affiliate marketing as when a person sells anything for anyone else and receives a commission for it. Furthermore, they say that “the beauty of affiliate marketing is that there are no limitations and you can effectively earn money by marketing for many companies at one time”.
Now, would you believe that there are actually a lot of affiliate marketing companies? And guess what!? Even the world’s most popular online marketplaces like eBay and Amazon do offer affiliate marketing! You are probably convinced by now that you are missing some really good deals, and probably, you are already starting to regret not knowing about all this stuff sooner.
Know more about affiliate marketing and how to start one by checking out this video by ODi Productions, a YouTuber who is an expert in the field of entrepreneurship, passive income, as well as affiliate marketing.
HOW TO BECOME AN AFFILIATE?
If you are worried about going through a tedious process to become an affiliate, we will tell you now – becoming an affiliate is very easy. In fact, all you have to do is sign-up for an affiliate program, then upon signing up, you will receive a unique tracking link. You will use the link every time you write something related to the product or service or specifically write about the product or service itself.
WHAT ARE THE DIFFERENT AFFILIATE PROGRAMS AVAILABLE?
Alright, so once you get into affiliate marketing, you have to know and be knowledgeable first about the different affiliate marketing programs or pricing systems that you will eventually have to choose from.
This basically answers how to make money with affiliate marketing for beginners. These programs are your key to earning money on a day-to-day basis from your posts.
Pay Per Click or PPC
The Pay Per Click or PPC program is also known as cost per click. This affiliate marketing program allows you to make money based on the number of website visitors that are redirected by your affiliate site to the advertiser’s website.
In other words, the advertiser pays a publisher (in this case, the blogger) whenever the ad is clicked.
Pay Per Sale or PPS
As the name of the program suggests, this type of pricing system or affiliate marketing program makes a website owner or the blogger earn a commission based on the number of sales that are directly generated by an advertisement placed on your website or blog.
Compares to the first one, this one’s quite challenging because you have to make a sale for you to earn money.
Pay Per Lead or PPL
Among the three affiliate programs or pricing system, this is probably the most challenging of all. Why? Simply because you get paid only when a visitor of your website or blog provides his or her contact information on the website of the advertiser.
Among the three programs or pricing systems, the most commonly sought after and used among bloggers and website owners is PPC. Even us, we highly suggest and recommend going for PPC ads. Unless of course, you want to be challenged.
In addition to these three most commonly known affiliate marketing programs, here are other ways to make money through affiliate marketing:
This refers to receiving commissions by referring other affiliates and when they make sales. If you are familiar with multi-level marketing or MLM, it’s quite similar to that.
This program refers to when an affiliate receives an increased commission because of an increased sale. In other words, the more sales made, the higher your commission will be.
This type of affiliate marketing program is very common with subscription services. What happens is, you continuously earn commissions as long as people are signed up to the service.
This is probably one of our favorites. By signing up with this kind of program, you get to earn commission regardless of what people buy on your affiliate’s website. This is very common among online marketplaces’ affiliate programs.
HOW TO MAKE MONEY FROM AFFILIATE MARKETING?
So, you already know some basic information about affiliate marketing. In fact, as you read this, you are almost convinced to get into affiliate marketing, but first, you have to be enlightened first how to make money with affiliate marketing really.
With that, here are a few tips for you to be successful in your affiliate marketing venture:
Find your niche.
First and foremost, you got to find your niche and focus on that. If you want to talk about motherhood and babies, then go ahead. If you want to talk about fashion, food, or travels, then so be it. For as long as you are focused on a particular topic or theme.
Do not be a mix match of anything and everything under the sun. Focus is the key to make your life easier.
You know why? As you venture into affiliate marketing, you get to focus as well in finding specific products that are related to your blog alone. It’s a strategy. Needless to say, focusing on a niche also helps create more traffic. It helps give the impression that you are an expert on that field and that you know exactly what you are talking about.
Load up with a lot of patience.
So, you already found your niche and focused on that. In return, you already hit your target web traffic, and your number of subscribers and followers has already increased. Now, you started affiliate marketing.
You thought it was as easy as 1-2-3. Well, setting up is easy, that’s for sure. But ensuring the number of clicks or sales through your website is another thing – and that is where you will need a lot of patience.
There is a lot of things to do to make affiliate marketing work. First, you got to feed your blogsite with great content to ensure high ranking positions, show up on affiliate marketing events (for networking and learning new strategies and techniques), attend seminars or webinars, as well as join discussion forum or communities online to meet people like you who are into affiliate marketing too.
Be patient in learning new things and getting to know deeper how to make money with affiliate marketing – and well, one of the best ways to do that is by learning from those who are successful or are very knowledgeable about this field.
This we say, if you are patient enough, you will earn a lot of money from affiliate marketing. You know, it’s like singing – you got to hit the right notes.
Select the right products or services.
As we said earlier, there are a lot of products and services out there to choose from. What makes affiliate marketing works really and what makes you earn more is choosing the right products or services.
Another thing, while it is okay to promote products or services from different affiliate programs, is highly suggested to instead focus on just one especially if you are just new to the industry. Making affiliate marketing entails a lot of work, thus it needs your full attention. Now, if you will do different things, it might not just work and will just cause you disappointment – plus a waste of time and money.
The key to a successful affiliate marketing venture is to focus only on promoting a few selections of products or services that are unique, attractive, profitable, and something that can reach a large number of masses.
With that said, you need to look into what the market needs and wants are, and then, place your products appropriately to earn more.
Work on your traffic sources.
To be successful in affiliate marketing, you have to be able to drive more traffic to the sales page or the advertiser’s page. With that said, you have to do different strategies to drive more people to click and be redirected to the sales page.
While running ads on your site alone are okay, you also have to explore other ways like using Google AdWords. Through making an ad in your Google AdWords account, your sales page gets a chance to be targeted by different channels, which is a good thing for you. Because that means, a greater chance at making better profitability.
Attract your target market.
Here’s the thing, no matter how hard you work, if your target market is not attracted to click your affiliate’s link, it’s all worthless. Thus, you got to work hard on making sure your visitors click on that link to make money.
But the question is, how?
Well, there are four ways to do that, and they are through free advertising, paid advertising, email marketing, and article marketing.
To make free advertising work, all you have to do is place links and advertisements on free websites such as US Free Ads or the famous Craigslist. For paid advertising, on the other hand, you will have to mix graphics, copy, and links on paid services like Google AdSense. For both, the payment method used is Pay Per Click or PPC.
Now, with regards to email marketing, what affiliate marketers do is embed an email subscription option for their web visitors. As with article marketing, you will have to work on submitting articled to websites like Ezine Articles. That way, you get to have a higher ranking in search engine results.
You can do all these – you are not limited to just one. However, we highly suggest, especially for newbies, to do it one step at a time. Focus on one first, and then eventually move on the next. Slowly but surely – that is the key.
Take time to research what the market needs.
It is very tempting to market anything and everything, but at the end of the day, your goal is to make money out of affiliate marketing, right? So, you better make use of your time and effort wisely.
We suggest, if you have already gained a decent number of visitors, check your daily, weekly, and quarterly sales chart. Look into the customers’ behavior, as well as their behavior. By looking at it, you will have an idea of what your target market needs and wants are. Once you have figured that out, then take that as a cue on what particular products should you be dealing with. Otherwise, you got to find out what it is exactly what your users need.
Choose the right advertiser.
Put yourself into the shoes of your users or customers for you to have a better understanding of what particular advertisers would they want to deal with. Selecting the right advertiser is crucial to be successful in making money through affiliate marketing.
Do not just deal with anyone, you better make the right choices. Apart from the products, also consider overall customer satisfaction in choosing your advertisers.
Be updated on the latest techniques and methods.
To be competitive in the affiliate marketing field, you better be in-the-know of the latest techniques and methods in this industry. Do not be left behind. Stay updated and utilize these new techniques and methods. Incorporate them (of course, only if you think the technique or method is applicable to your website) into your site for a greater chance of making money from affiliate marketing.
Do use helpful tools.
This is probably one of the most useful ways on how to make money with affiliate marketing. As an affiliate, do not be afraid to use tools to be able to step up your game. There are a lot of helpful affiliate marketing out there. All you have to do is use and maximize them.
Some tools that you may want to look into are Bitly and ClickMeter for link creation and tracking, there’s GIFMaker and Unsplash if you need free GIFs and photos, and of course, for monetization, there’s VigLink, Flippa, and the most famous of all, Google AdSense.
WHAT ARE THE BEST AFFILIATE MARKETING COMPANIES TO PARTNER WITH?
Here are some of the best affiliate marketing companies that you can look into and see which one works best for your site:
- CJ Affiliate
- Rakuten Marketing
- – Constant Contact
- – AWeber
Other Affiliate Marketing Companies
- Refer WordPress
- StackPath CDN
- WP Rocket
- LongTail Pro
FINAL THOUGHTS ON HOW TO MAKE MONEY WITH AFFILIATE MARKETING
Probably by now, you are already convinced that there is money in affiliate marketing. Because as you can see, there really is unlimited earning potentials in affiliate marketing. All you got to do is find your perfect match, plus dedicate time and effort to work on it. Eventually, once your affiliate marketing plans are established, you will sure, as they say, reap what you sow.
We hope that from what we have shared, we were able to give you answer to some of the popular questions around affiliate marketing. Questions that are particularly asked by newbies in this field.