This side gig offers an opportunity to make extra bucks every time someone purchases from your affiliate embedded link.
This may sound a little hard to believe, but affiliate marketing can make thousands of dollars for you round the clock. But first, you need to understand what affiliate marketing is.
We focus on offering values to the readers so that they can move forward to a financial stability. In this process we shake hands with different companies to bring the best to you guys. Following that, we may get a commission if you make any purchase using our referral links.
What is Affiliate Marketing
Affiliate marketing is a commission-based promotional activity. While writing a blog, or doing an in-depth review of a certain product, you share a link to the product. This link will take the user to the sales page, where one can purchase the product. Online retailers or service providers share commission for this sale. This is all about affiliate marketing.
How Affiliate Marketing Works
- Sign up for the affiliate partner program with the online retailer based on the niche you choose
- Generate the affiliate link for the product, it could be a text link or a display banner
- Post this on your website or social media accounts, or shoot an email to your subscribers
- If a user clicks on that link, will be directed to the sales page of that particular product
- If the user purchases from there, then you will get a commission from each sale
So now, you have the idea of how affiliate marketing works and help you to earn more money.
Getting Started with Affiliate Marketing
OK. Now let’s proceed further and understand how to be successful with affiliate marketing.
1. Choose Your Niche
If you want to get started with affiliate earning. Then first, you have to choose a niche. If you are a tech blogger, then you can review products like phones, cameras, or other gadgets. Here you can embed affiliate links for the product, after the review or in between of the post, so that if someone likes the product, he or she can visit the product page to purchase it.
Choosing a niche is the key to success. If you choose a niche where the product you are promoting is not pricy or it will cost just a few bucks to the user, then your commission will also be minimum. Promoting high-end products can bring more cash into your bank account.
2. Choose a Platform
It is where you would like to post the affiliate links. You can use them in your blogs, on your social media accounts, or via emails. It also depends on how you are connected with the followers. If you are a YouTube influencer, then you can share links in the video description, or Instagram or FB influencer, then you can share links with the help of stories.
Similarly, a blogger will need to put the affiliate links on the blog posts and share them by sending emails to the followers. So as per the nature of your business choose a platform to promote products. You can also use multiple channels to connect to the followers.
3. Choose a Product to Sell
The most important point for successful sale conversion is to promote products that are relevant to your niche. If you wrote a blog about the Sony Alfa camera series, then you cannot add a link to the Sony mobile headphone. You can add it though, but chances of selling phones from a camera oriented blog are very less.
So make smart choices while choosing the product or services. You can follow these two approaches while choosing products.
- Product Specific
- Business Specific
In a product-specific approach, you post a review for a product and then list its affiliate link there to earn commission from the sales. It just to the product.
The business-specific approach works differently. For example, you are writing about “how to earn money from blogging”. Well here, you can share affiliate links for the following requirements.
- Domain and hosting service
- Web Developer
- Premium themes
- Premium plugins
- Graphic designs
Here you see a user needs all these things to create a website and you are sharing affiliate links for all these requirements. Chances are higher that the user will go at-least for one of the services.
4. Create Valuable Content
Once you establish yourself as a blogger or influencer, your followers start trusting you. You cannot pick a product just because it will earn you a higher commission. Rather promote products you have tried and tested. Please note that users check so many options before making a purchase. We highly rely on reviews.
So please make sure that your content offers some value addition to the visitor. Keep the target audience in mind while creating the content. I may have some doubts about a certain product and being a content creator, you should focus on to clear that doubt. That is how you can hit the max number of sales.
5. Build an Email List
With your website, you can create your own email list of subscribers. These subscribers are potential customers with the correct strategy. Having an email database will help you here. You can send regular emails to the readers to maximize the chances of sales.
Emailing will also help in creating a sales funnel. So you better start thinking in that direction as well. To a converted customer you can promote other services or products he would need and these products should be directly or indirectly linked to the core product.
Top Affiliate Networks to Start With
Almost every online retails will be offering an affiliate program to increase sales. But as a fresher, you should start with the very well established players. Here are some of them.
Amazon is certainly one of the biggest eCommerce players. Its Amazon Associate program includes the entire products range available on the Amazon store. The commission may vary from 1% to 12%.
CJ Affiliate does not have a huge product variety. However, the partners listed here have pricy products so here you can make more money with each sale.
ClickBank is another leader in the field of affiliate marketing, offering a wide category of products with commissions as high as 75%.
A Few Final Tips
- Focus on creating valuable content. A customer should have the feeling as if he is getting more than he paid
- Add Affiliate link in the beginning, middle, and at the end of the content
- Promote related products only
- Promote valuable products only
Start Making Money With Affiliate Marketing
Now you are good to go with affiliate marketing. It may take some time for your first sale. So do not lose heart. And keep on updating your content. It takes time for a potential customer to choose and buy a product. Make sure your content is good enough that encourage a reader to check out the product even if he do not need it. A good narration may convert a reader into a customer.