Affiliate Marketing Guide
How to make money with affiliate marketing? I’ve gotten this question a lot from emails over the years and in this post I’m going to give you an affiliate marketing guide to help break things down.
So let’s just jump right in.
Making money online with affiliate marketing is a fairly simple process. Yes, you can make up to $1,000 a day or more because I’ve seen affiliate marketers doing it on a consistent basis.
While affiliate marketing is not my main income and I do not make thousands each day from it I do make a decent amount of money from it consistently.
Affiliate Marketing Guide – Making Money
How do you make money from affiliate marketing? According to Wikipedia: Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought in by the affiliates marketing efforts.
Basically you will be rewarded when you help a business by promoting their products or services. So for example, if you sign up to an affiliate program and promote its product then you will get a commission when the visitor you send from your link makes a purchase.
Affiliate marketing is probably one of the quickest and cheapest ways to start making money online and you don’t have to create any products yourself. You simply link up a buyer and a seller and you take a commission on that sale that has been referred by you.
When you join an affiliate program and choose the products that you want to sell, sellers provide you with a unique affiliate code that you can use to refer traffic to the target site.
Most affiliate programs will offer emails, text links, banners and other forms of creative copies whereby you only have to copy the code and place it onto your website or send a link to start referring traffic.
When someone is interested in the product or service they click on these links from your site or link you sent them and they get redirected to the product site. If they purchase a product, service or subscribe you make a commission.
The sellers can track your performance through your affiliate ID and the affiliate softwares that they use. You also have complete real-time access to all sales and commission stats.
Affiliate Marketing Guide – Different Types
You don’t need to sell products all the time to make a commission. Different affiliate programs can use different payment terms such as pay per sale, pay per click or pay per lead.
With pay per sale, a merchant pays you a percentage of the sale price when the purchase is completed.
With pay per click, you get paid based on the number of visitors you redirect to the merchants website from your affiliate site whether or not a sale is made.
With pay per lead, you get paid once the referred visitor provides their contact information on the target site.
Affiliate Marketing Guide – Why Affiliate Marketing
Affiliate marketing is truly one of the world’s fastest-growing and best internet marketing techniques to earn money online and I will explain why.
Cost-effective marketing on the Internet is cheap and you don’t have to worry about the production cost as the product is already developed by the seller.
You don’t need a physical business location or hire employees. Global online marketing gives you the opportunity to reach people all over the world easily.
No fees! You don’t need to pay anything to join affiliate programs. No storage, no shipping. You don’t need to worry about storage, packing or shipment of the product, they are all taken care off by the seller.
No customer support. You don’t need to provide any customer support or deal with the consumer complaints as the seller does that for you.
Depending on your marketing skills affiliate marketing can create a steady flow of income even when you’re not in front of your computer .
You can work from home. If you can learn this skill set you can make enough money where you don’t have to worry about going to work at the same time every day or getting stuck in traffic. You can work wherever you have internet access.
Affiliate Marketing Guide – Reaching Success
After talking about all the benefits of affiliate marketing if you think you will be rich overnight by selling affiliate products online then you are wrong. Affiliate marketing is definitely an excellent way to make money online but it’s highly competitive.
In order to be successful in affiliate marketing you need to know what the public wants or needs and learn how to promote them. You need to know what works and what doesn’t.
The following are a few tricks on becoming successful in affiliate marketing that I have learned over the years.
Only choose a handful of great products. The first mistake of lot of affiliate marketers make is that they register with too many different affiliate programs and try to promote everything.
Pursuing affiliate marketing down this path can become overwhelming and you won’t be able to promote any product properly. All you need in order to be successful is a handful of great products to promote.
Realize that if you promote one single product that is worthless just because you want to make more money, your trust with your followers is gone forever.
Try to understand the publics wants or needs and look for products that aligns correctly with the topic of your site.
Use several traffic sources to promote products. Most affiliate marketers put up the ads only on their websites, there is nothing wrong with this approach but know that there are many other traffic sources that you can tap into and promote the product simultaneously.
The more targeted traffic you can send to the sales page the better your chances are of making money.
Google AdWords, Facebook Ads, Youtube Ads and Bing Ads all can be used to drive targeted traffic to a product or service but they are more advanced techniques that I cover in other articles on my site. You can lose a lot of money in a hurry if you go into this blindly.
Affiliate Marketing Guide – Conclusion
I hope this affiliate marketing guide has given you a better insight into how affiliate marketing works and how you can make money from it.
Affiliate marketing is a learning curve, a skill set but once you understand it the potential earnings can be life changing.
If you are interested in learning more about affiliate marketing be sure to check out some of my other posts or reach out to me.