How To Make Money From Affiliate Marketing
You may have seen ads saying, “Earn From Home” or “Best Passive Income Source.”
What these ads are promoting is affiliate marketing. In fact, affiliate marketing has become the main source of income for many people on the internet.
Before earning actual money, let’s first know what affiliate marketing is.On the surface, affiliate marketing is promoting some product and earning a percentage of each product that’s sold because of your promotions.
But if we were to get specific, affiliate marketing is earning a commission by promoting other’s products. You find a product you like, promote it, and earn a piece of each sale that happens.
It has widely been reported that the top affiliate marketers are raking in millions and millions of dollars from their efforts.
This is what affiliate marketing is all about. Amazon has had its Associates Program since the 1990s, which provides a way for affiliate marketers to earn through affiliate marketing. You can sign-up for their program and get your own affiliate link.
If you want to earn a handsome living, you can get into affiliate marketing, but that we’ll discuss in another post.
Now that we know the basic idea of affiliate marketing, we should go deeper. And by deeper, I mean, we should deconstruct the main components of affiliate marketing, so it becomes easier to comprehend.
In most cases, affiliate marketing consists of two sides; the product creator (or vendor) / seller, and the affiliate marketer.
YouTuber and Top Affiliate Marketer Nathan Lucas from Freedom Influencer has created 7 affiliate programs which earned him over $1,000,000.
You can be on either side and still be a part of the equation called affiliate marketing.
So here’s how it works, a producer produces a great product but doesn’t have the resources or connections to sell it. That producer goes to a seller who can
presumably sell the product, which will make both the producer and seller a lot of profit.
However, the seller is having trouble selling the product due to the changing environment and decreasing reach or they may simply prefer to sell their product via affiliate marketing.
So the seller starts an affiliate program where marketers can take a certain percentage of the profit if they help sell the product through their marketing skills.
Another YouTuber and affiliate marketer, John Crestani, made $920, 726 in profits last year! Not an insignificant amount of money.
A marketer can use his/her blogs to inform people about a certain product or use other channels of promotion to spread the word about the product.
In the end, a product, which may be a digital product, needs to be sold.
This is exactly what many websites are doing nowadays. The reader is informed about the product and how it will benefit them. Once the reader is convinced, they are directed to an affiliate link, which leads to the vendor’s website.
When the purchase is made using that affiliate link, a certain percentage of the profit is given as commission to the marketer.
Sounds simple and interesting!
So wanna get started? Learn how to be an affiliate marketer.
Why start with affiliate marketing?
- It can give you financial independence from your normal daily job.
- You can be your own boss.
- Education is must cheaper than traditional degrees and diplomas.
- You can become an expert much faster than with a traditional job.
- You can literally make $$ millions!
How to start with Affiliate Marketing
We know what affiliate marketing is and what parties are involved in this.Now let’s discuss how to start affiliate marketing.
1. Select a Niche
To start as an affiliate marketer, you need to have a niche and a product to promote.
This will primarily depend on the type of person you are, your preferences, and market trends. For example, you shouldn’t choose a product that you like but will not sell well enough to make you some profit.
In the same sense, you shouldn’t promote a product you don’t like, no matter how much the market value that product is.
You’re not selling the product; you’re promoting it. So you need to have faith in the product to convince others to buy it. This is what’s the essence of affiliate marketing.
It is much easier for an affiliate marketer to promote a product that you are passionate about than to create content for a product that does not excite you.
So do some research on the category you like and find products that would sell best to make you a hefty commission.
Affiliate Marketing can give you the FREEDOM to do what you love doing – whether it is fast cars or world travel!
The Most Profitable Niches for affiliate marketing in 2020 are the following:
Health & Wellness: This is one of the top affiliate marketing niches, year in and year out. This is called the evergreen niches.
The reason for this is simple – people want to be happy and healthy. The Weight Loss Niche falls under Health & Wellness and many affiliate marketers have made millions of dollars in this niche.
To give you a head start into the Health & Wellness Niche, we are herewith sharing with you a great weight loss affiliate program.
Wealth and Money: How to make money online, forex, multi-level marketing etcetera. This niche is getting bigger and bigger each year!
It is okay to dream and to hope for a better life. Act today to achieve your dreams.
Relationships: online dating, marriage counselling. How to attract a partner and many more.
2. Create a Blog or another place to showcase your Content.
Creating a blog is an important part of being an affiliate marketer. Create a blog of your own. This way, you can write about the products you want to promote and spread the word around while making a profit.
People will read your review of the product in which you’ll explain how the product will help them and what makes this specific product different from all others on the market.
Once the readers are convinced, you can lead them to your affiliate link.
First things first, you need a domain name A domain name is simply your websites name. This is where internet users can find your website. When you type in a web address, say www.google.com then “google” is the website’s name.
One of the top web hosting companies in the world is www.bluehost.com and this is one of the platforms that you can use to start your affiliate marketing career. They pay very competitive prices; $65 commission for a $2.95 product (they do this as they can upsell to the potential client and make much more money in the process).
3. Email Marketing:
Writing reviews isn’t enough in many cases. So you need to up your game and start promoting the products directly. One way to do this is via emails. You can expand your email list by some simple tricks, which we’ll discuss in another post.
All you need to know is that the email marketing technique works and can help you sell the product more easily than ever. There is a saying that “the money is in the list” and that is very true. Marketers on average gets paid $1 per email address. If your email list is 100 000 subscribers strong then you can expect $100 000 per month in income.
4. Use Webinars:
Now, this is a more professional and probably the most effective technique. Use webinars to educate people about the product. People tend to like a person talking about the product rather than reading about it.
(Truth be told, I prefer reading because I can read every word clearly and understand the meanings more clearly). Once they feel that the product is right for them, lead them to the money-making link (affiliate link).
Different Types of Affiliate Networks
Affiliate marketing is probably the most convenient “Earn from Home” method. You don’t need to leave your house and sell products to earn hefty commissions.
For many people, this means earning thousands of dollars per month, which is usually higher than what most people earn.
A natural question that every beginner would ask: Where should I start?
The simple answer is to get affiliated with a network. A network will provide you with a huge catalog of products, services and other stuff to affiliate with and earn money.
There are several affiliate networks that will let you earn money by promoting their products or services. But which one should you choose?
The answer is up to you. But we’ll inform you about some of the best affiliate programs, and you can choose which one suits you.
Share A Sale:
ShareASale is a great option for those who want to have a trusted network to affiliate with. In fact, it’s one of the most trusted affiliate networks with over 1,000 major providers and influencers on it.
It started in 2000 and has become a major affiliate network for beginners and pros alike.
For starters, you can affiliate with physical products, SAAS, or other digital products and earn a hefty commission of each sale.
Another great affiliate network with a high commission rate, ClickBank is a solid affiliate network for digital products. It has millions of digital products to affiliate with, so you have a lot to choose from and earn money.
The Clickbank Affiliate Program is one of our favorites and we market their products extensively.
It started in 1998 and has been growing ever since with a focus on digital products and has produced over a thousand Millionaires so far.
We also suggest that you join the Clickbank University as they provide extensive affiliate marketing training and have some of the best affiliate marketers in the world on their training program.
Ongoing training is the best way to stay ahead in the game and to increase your earnings.
Amazon Associates is probably the most famous and the biggest affiliate network with more products than any other network in the affiliate market. In addition to this, Amazon is the primary buying place for many people, so its conversion rates are also on the high end.
If you want a steady source of income, Amazon Associate is the way to go. You can promote any product from Amazon’s huge catalog and earn commissions without any worry.
These three networks aren’t the only ones who offer a great way to earn passive income. eBay Partner Network, FlexOffers, Pepperjam, and many others also offer a great affiliate network to grow as an affiliate marketer.
You can choose the one that best suits you and earn from the products you like.
How to Build an Email List
Email lists are one of the most effective affiliate marketing tools you can find.
Emails can create a personal connection with the customers otherwise impossible with regular blogs or other types of marketing. But for beginners, creating an email list can be a daunting task.
Creating a big email list isn’t a problem as you can search the internet and find groups with such info. You need specific emails that are related to the products you’re promoting.
Luckily, there are ways you can create your email list without much trouble. So without any delay, let’s discuss those.
Through Organic Traffic :
As mentioned, emails are more effective than blogs. But blogs can serve a dual purpose. You can sell products and get people to sign-up for your email list both at the same time.
All you need to do is put up a button or other CTA that asks people to sign-up for your email list.
Via Remarketing Ads :
Maybe people didn’t sign-up in the first go. Give it another try with remarketing ads. You can place a link to an enticing video at the end of your website and ask people to see it for a specific advantage. (The video must deliver what’s promised).
Once they watch the video, you can ask them again to sign-up for your email list to get similar videos or content.
Use Cold Traffic Ads :
Cold traffic ads can be effective if coupled with great content strategy. So plan out your content in detail and find the perfect way to put a cold ad. Once the reader clicks on the cold ad, ask them to sign-up for your email list.
If they don’t do it right away, use the remarketing technique, and entice them into signing up.
One of the Top Email marketing Tools available is: AWeber. This is an email marketing service provider with over 100,000 small business clients worldwide.
Use Social Media :
Don’t use comment sections to add your links without asking for permission. It can have an adverse effect on your reputation and as a result, your earnings.
Always use forums or groups that are filled with potential customers and ask them to sign-up for your email list to get special incentives.
Do Cross Promotion :
Asking for help is a simple way to increase your existing list. If you know someone who’s in the same niche, you can ask them for help. You can share your email list with them and take their email list in return.
This will benefit you both and as a result, boost your profits.
I hope you can find the email list you desire and make hefty profits from affiliate marketing.
Create your own Blog or Website
It is easier than ever to create a website even if you have no coding experience. There are several website builders that basically use plug and play modules and even a non-technical person can easily build a website.
- Gator Website Builder
- GoDaddy Websites
The most popular website builder is probably Wix. They offer a free option and their system is very user-friendly. Let Wix assist you to get the best possible website up and running fast!
You have made the decision to become a superstar affiliate marketer and you have set everything in place. Good for you!
You decided on your niche, you set up your blog, started your email list and you joined some affiliate programs such as clickbank or amazon affiliate program. You are now ready to roll!
The next step is to drive traffic to your site and you can do this in different ways. You can use Search Engine Optimization (SEO) techniques to drive free traffic your way or you can comment on blogs and forums to drive traffic to your website.
However, the easiest way is to use Facebook Ads or YouTube to drive traffic to your website. Despite this costing money, you can turn a profit if you manage your marketing properly. If you spent $1 to get $2 back, then you are profitable, and you can scale the business.
It is suggested that you direct the traffic from your advert to a landing page before you try and sell anything. If you immediately try and sell something, you will not be credible in that person’s eyes and the conversions may be very low.
Therefore, create a funnel; the traffic from the advert gets directed to the landing page and then towards the sales page.
We trust that this will give you a better idea of methods that you can use to make money online. Keep on studying and get better at affiliate marketing as this may just be the best way for you to be financially free.
The question often arises if you need a website or just a landing page. A website is a collection of web pages and usually showcase a company, product or brand. It gives the reader a complete overview.
A landing page is a single page that consists of information about a specific product or offer. A landing page has limited navigation, and its primary goal is to sell or capture leads.
One of the most important benefits of a website is that it can create free web traffic if it is properly optimized for SEO (Search Engine Optimization). The downside of a website is that it can distract your reader with too much information.
One of the major advantages of a landing page is that is can be created in minutes and that you can have your offer in front of your audience withing minutes via paid traffic such as Google Ads, Facebook Ads etcetera.
One of the best ways to design and create sales pages and or landing pages is with clickfunnels.
Clickfunnels software is mainly intended to offer online businesses with a complete sales funnel. It’s an easy, trouble-free option for ranking your website in the search results.
Get yourself signed up for a FREE 14-day trial!
Please Note: Results may vary depending on your starting point, goals and effort. Therefore, no guarantee for exact or specific results are made. Always obtain advice from a Professional such as a Financial Advisor depending on your own needs. We shall not be liable for any loss or damage allegedly arising from any information or suggestions made on our website.
DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make content like this. Thank you for the support!