- 1 Earn From Affiliate Marketing
- 2 What is Affiliate Marketing?
- 3 How to do Affiliate Marketing?
- 4 7 Tips to Earn from Affiliate Marketing
- 4.1 1. Select a few good products
- 4.2 2. Employ various sources of traffic to promote services or products
- 4.3 3. Your Campaign must be Tested, Measured and Tracked
- 4.4 4. Find out how much the product is desired
- 4.5 5. You should be current with new techniques and methods
- 4.6 6. Look for and select the right merchant
- 4.7 7. Use the necessary tools
- 5 DEVELOPING YOUR AFFILIATE MARKETING BUSINESS
- 6 Conclusion:
Earn from affiliate marketing is one of the various ways to earn money online by promoting products or websites to earn a certain percentage as commission from sales made. The sales are made via web traffic. This simply implies that money is made from sales of the product being promoted. What you need to know is that services or products you promote are provided by others and not necessarily you. The only duty you are required to perform is to provide a marketing or sales outlet.
Affiliate marketing is not a get-rich-quick-scheme, so you should not expect millions instantly; this does not mean that people fail in making money through online affiliate marketing. If you want to earn from affiliate marketing, you need to understand how it works and whether it is truly for you.
What is Affiliate Marketing?
Affiliate Marketing Business is a method of earning commissions for promoting someone else product or service to your friends, or relatives.
Affiliate marketing can be said to be one of the cheapest ways to make money online since it involves no products creation of any kind. All you need to do is to link up a buyer and seller; once the sale is made, you earn your commission.
How to do Affiliate Marketing?
The first thing to do is to join an affiliate program then select the products you intend to sell. The owners of the products would provide you with an affiliate code you can use for referring traffic to the main site. Also, you will be offered banners, text links and several forms of creative copies in which you just copy and paste the code on your own site to refer traffic. Any interested customer who clicks on the links from your website will be redirected to the main site where the product is sold and if they pay for the product or subscribe to a program/service and indicate you as the referral, you get a certain percentage as commission.
Your performance can be tracked by sellers through your affiliate ID and other affiliate software used. You also possess a real-time access to all commission and sales stats.
To earn from affiliate marketing, you must have your own website on a popular topic which is already getting at least 500 – 750 unique visits daily.
Because you need to have a visitors to promote the products. If you having at least 500 visitors visiting your blog daily means you can convert one-third of them into customers to buy the products from your website.
If you do not have a blog already then it is not too late to start this business. Get to know how to create a website with wordpress from the niche you are interested.
Then create a blog and then write reviews and information’s related to the product. Post those notes as an article in your blog and start promoting the affiliate product.
Your article must be convincing to get visitors to click the link and engage more visitors and will give you a chance to convert them into buyers.
Also, you must learn SEO for blogging, because without visitors to a blog you cannot bring buyers.
See also: How to build back links for SEO
If you got succeeded, then you will get the commission every time a visitor visiting your blog if buys something there.
How do you get paid?
For getting paid in Affiliate marketing jobs you must need to create an account with them.
- Login to your profile and access the dashboard to select the products from the list. You may get Banner ad codes or text link ad codes for the promotion of the affiliate products.
- Copy those codes and paste into your blog or website and start promoting.
- When a visitor visiting your blog might click the link and land on the merchant site and if they bought something, you will get affiliate commission credited to your account immediately.
- Some sites will pay you via Payoneer and some will send you a cheque in your local currency.
Payments depend on your location and you should be aware of these things at the time of signup.
Read more about How to use Payoneer to receive payment.
7 Tips to Earn from Affiliate Marketing
Here are a few tips that can help you to earn from affiliate marketing:
1. Select a few good products
Most newbies in affiliate marketing make the mistake of registering with too many affiliate programs and try promoting everything they see. If this is the path you are treading, then it will overwhelm you and you won’t promote the products properly. Take time to understand the needs in the market and search for products that will go well with your site’s topic.
How to find a product for promotion?
You can find and pick any product from the merchant site that can buy online and there is always an affiliate program being there to pay you.
Most important thing is to consider a product that is relevant to your audience and start promoting the same.
Take this instance, to maintain our websites, we are promoting “NameCheap Hosting”, a web-hosting company that sells server space for websites.
They offer shared hosting, VPS hosting, dedicated server hosting in all budgets for all level of people.
We promote this product on my website and it interests most visitors to pull them to buy a best hosting plan.
They credit our account the said affiliate commission on every successful sale.
See also: the list of best paying PTC sites. In this page, we invite you sign up and earn money under our link, then you can refer others to earn with you under your link, you will get the commission.
When I plan to promote a product on my blog, I use to ask myself the following questions:
Do I use this product?
Will it make sense to my visitors?
Will it worth for them to try?
Do they have easy buying process?
Whether they offer best affiliate commission?
When I got the positive answer for all the questions, then probably I may try this product promotion in my blog.
What kind of products can I promote in Affiliate Marketing?
You can promote any type of products that may be physical or non-physical, tangible or intangible, from computer peripherals to software’s, FMCG goods of any kinds.
Every product has unique affiliate commission set by the merchant.
There are two divisions in affiliate marketing, one is selling products and another one is selling services.
If you sell products you will get low affiliate commission due to all the factors that involve selling such as manufacturing, retailing, packing, transporting, delivering etc.
So after all these, you will get only 4% to 10% affiliate commission.
But in the same case, if you sell services possible chances of getting more affiliate commission.
Just take this as an instance; my blogging business doesn’t function without hassle free hosting, website, marketing software etc.
So, if I promote a product related to those then chances are more that I can make more income. I would recommend promoting services on affiliate marketing to get more income every month.
One cool thing is that commissions are often recurring from some merchants such as who sell Email Marketing Services or Digital products services.
Aweber offers 20% commission if you refer someone and on every month if that customer renews their account you will get the commission.
2. Employ various sources of traffic to promote services or products
Another mistake affiliate marketers make is that they run ads just on their own sites. This isn’t wrong but there are just so many other sources of traffic that you have the chance to use for promotion all at the same time. The more the traffic that your sales page gets, the higher are your chances of making money online.
Google AdWords is a good way to drive traffic to your sales page. All you must do is run an ad in your AdWords account then use the associated link. You will need to measure your conversions regularly to see if the cost of the campaign is less than its profit to keep it running.
3. Your Campaign must be Tested, Measured and Tracked
Using several strategies for product promotion is a very good idea because it gives you the opportunity to know which of them works better. You can do split testing and measure each campaign’s performance before taking the appropriate action. Changing a couple things would raise your profit. Banner ads should be placed on different areas on the pages of your site because there are some strategic points that will catch your reader’s attention.
The basic statistics of different affiliate programs are shown and you might need it for your campaign but you can still use a conversion tracking software of your own as well.
4. Find out how much the product is desired
To make money from affiliate marketing, you need to ascertain that the product has a high demand. No matter how much efforts you make, you might make little or no sales, it totally depends on the demand of the product. You need to know if it is what your audience really needs. If you manage to get a reasonable amount of traffic on your site, then you can run a small online survey to get input from visitors.
5. You should be current with new techniques and methods
This is necessary because of the competitive nature of affiliate marketing and to be able to make money online. Daily, new techniques and methods are developed; you wouldn’t want to be left behind while new trends take over.
6. Look for and select the right merchant
When promoting a product, you are also promoting the person or organization that owns the product. This should be the first thing to know before selecting the product you are promoting. You surely don’t want your clients to be unhappy after purchasing the product. Trust me; they will never come back to your site again to purchase anything! This is because you have dented your credibility. Normally, any company or website with good customer service is bound to have happy customers.
7. Use the necessary tools
To boost your chances to earn from affiliate marketing, various sites have various tools to make your campaign more efficient. There are a lot of tools which would be helpful out there. For example, if you use a WordPress site, then you should think of getting a plugin that is like the Affiliate Link Manager. Online money making is eased with the usage of right tools.
DEVELOPING YOUR AFFILIATE MARKETING BUSINESS
When you start a business, you would want to make sure it lasts long. To keep your business flourishing, you need to do a lot of things. To make money online from affiliate marking needs to be planned to continue the earnings. If you want to your business to rise, consider the following:
Study and learn from other people in the business
This is the easiest way to gain experience because you get exposed to other affiliates. You can meet people by joining a discussion forum or an online community. The good thing is that they are free to join and you get very good advice there. Examples of such online communities are ABestWeb, Digital Point, and Warrior Forum. Apart from getting advice from more experienced affiliates, you get the chance to network with other marketers.
Create and build relationships
There is so much work in affiliate marketing, therefore, you need to be patient before making money online. Traffic is driven to the website of the marketer through affiliate marketing programs but as the marketer you have the responsibility of creating and maintaining relationships with partners.
Get the targeted traffic
It is one thing to get people to visit your site but it is another thing to make money online by conversion of leads. There are four main methods to attract potential customers:
- Free Advertising: You get to place ads and links on free websites to drive traffic to your website. Examples of such websites are US Free Ads and Craigslist. This method allows both you and the free site earn from affiliate marketing when someone clicks on your ads.
- Paid Advertising: In this method, you will need a combination of graphics, ad, and link that is highly-clickable. With the use of PPC ads, you make money online whether the visitor makes a purchase or not. Google AdSense makes it quick and easy.
- Email Marketing: This method involves the marketer to embed a form for email subscription for visitors on the site. You get to have the visitor’s name and email which would help you maintain a long-lasting relationship and the lead gets a regular newsletter from you.
- Article Marketing: A higher ranking in search engine results are sought in this method to generate higher number of leads. Websites like Ezine Articles are used in publishing articles having a unique ‘resource box’, eventually when other website managers and bloggers republish the article, the marketer earns a higher rank in the search engine.
- How to build backlinks for SEO
Pursue quality over quantity
Having several affiliates is not a guarantee of making money online. Studies show that a successful affiliate marketing campaign requires you to gte the right collaborations that would drive traffic to your site. Whether these associates are big or small sites or even a combination of both, you must create and maintain strong relationships with the affiliates.
To earn from affiliate marketing takes a lot of work so don’t expect instant results. Get the right product, create the platform and run the most suitable ads to generate quality traffic to generate leads. If you don’t get it right the first time, don’t worry, you can try it again and improve your mistakes. Remember that learning from other affiliates would help you overcome a lot of errors as well.
Affiliate marketing has a very good future because a lot of organizations would eventually adopt it soon, so why not seize the opportunity now?
Already there are thousands of online stores and eCommerce sites like Amazon, eBay, Click Bank, Commission Junction, Flipkart, Snap deal have started working on Affiliate Marketing system.
Earn from affiliate marketing consumes much time and effort.
You need to put dedicated work and streamline your plan to get results or otherwise you will end up in nothing.
Learn from your mistakes, working to rectify your mistakes will bring success.
If you still want to find other ways of earning money, then you can read our article on best online jobs for students.
Keep on trying….Best of luck.. .. .. .. .. ..