Affiliate marketing is where you promote another company’s product or service. When someone purchases through your affiliate link, you earn a commission. These commissions are usually a percentage of the sale price or a fixed amount.
WHY YOU SHOULD CONSIDER DOING AFFILIATE MARKETING?
1. Low-cost and low-risk
Starting a business can be risky and expensive because there are upfront costs for products, employees, equipment, rent, etc. With affiliate marketing, all you need is a website. If it doesn’t work out, you’ve only wasted time and a little of money.
2. Easy to scale
A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many companies and earn commissions from all of them.
3. Passive income.
While any “regular” job requires you to be at work to make money, affiliate marketing offers you the ability to make money while you sleep. By investing an initial amount of time into a campaign, you will see continuous returns on that time as consumers purchase the product over the following days and weeks. You receive money for your work long after you’ve finished it. Even when you’re not in front of your computer, you’re marketing skills will be earning you a steady flow of income.
4. No customer support.
Individual sellers and companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased.
Thanks to the affiliate marketing structure, you’ll never have to be concerned with customer support or customer satisfaction. The entire job of the affiliate marketer is to link the seller with the consumer. The seller deals with any consumer complaints after you receive your commission from the sale.
HOW TO GET STARTED WITH AFFILIATE MARKETING
Step 1: Choose your niche
Your niche is the category you want to talk about and promote.
To stand out the countless other websites today, my advice is to be specific. Instead of tackling a broad niche like food, go for something a bit narrower, like grilling. This helps you build a more focused audience and may also help with SEO.
Here are four questions to ask yourself to find a good niche:
- What am I good at?
- What do I like doing?
- What am I curious about?
- What do other people tell me I’m good at?
It’s hard to overstate the importance of choosing something you’re passionate about. You’ll need to create a lot of content to succeed with affiliate marketing. If you choose something you hate, you’ll find it hard to press on when the going gets tough.
When I started I chose kitchen gadgets. Im passionate about anything kitchen.
Step 2: Decide on a content platform
You can do affiliate marketing on any platform. This includes:
- Website
- YouTube
- Social media (e.g., Instagram, TikTok)
- Newsletter
- Podcast
The method you choose will depend on your preference and occasionally, your niche’s preference. For example, people who are learning breakdance will prefer videos. So, even if you prefer writing, running a YouTube channel may be a better option.
That being said, we recommend building a website and using search engine optimization (SEO) to rank your content high on Google. This allows us to generate passive search traffic consistently, which means consistent clicks on affiliate links too.
Step 3: Find affiliate programs to join
There are three main types of affiliate programs to choose from:
- High-paying, low-volume — Niche products with fewer buyers. For example, HubSpot sells only to businesses but their affiliate program pays well (100% of first month and 15% monthly recurring commission.)
- Low-paying, high-volume — Products with mass appeal, e.g. PS5 games. For example, Amazon only pays up to 10% commission. But the good thing is they offer commissions off the entire value of the purchase (and not just the product you recommended.)
- High-paying, high-volume — Expensive products with mass appeal, e.g. credit cards. An issue is that these programs tend to attract affiliate marketers with deep expertise and pockets and willingness to black-hat tactics.
The best way to find these affiliate programs is with a Google search. It only takes a quick Google search to find an application form for this program. If there is a product you’d like to promote but they don’t have a public affiliate program, reach out to the company and ask if they would be willing to build an affiliate relationship with you.
Learn more: Best Affiliate Networks To Join
Step 4: Create great content
If you want your affiliate site to succeed, you need to create high-quality content where your affiliate links fit naturally.Don’t just blindly curate products from Amazon’s best sellers. Go the extra mile and make sure your content solves your readers’ problems.
For example, if you’re doing reviews, you should actually purchase the product and test it. Use it over a period of time and report your findings.
Step 5: Drive traffic to your affiliate site
You’ve created great content. The next step is to get more people to read it, so they will click on your affiliate links.
Here are three traffic strategies to consider:
A. Paid traffic
This is where you pay for traffic to your site. You can do this using pay-per-click (PPC) ads.
The advantage of paid traffic is that the moment you start paying, you get traffic.
However, there are some downsides.
First, running ads will dig into your profits. It’s quite normal for advertisers to lose money before they make it… if they ever do.
You need to be realistic about how long it takes to optimize a paid traffic campaign.
Secondly, once you stop paying for ads, your traffic will stop.
Generally speaking, ads are a great traffic strategy if you’re part of a high-paying affiliate program and can make the numbers work.
But if you’re completely new to paid marketing and have no marketing budget (or are working with lower commission programs like Amazon Associates), then it might not be such a great idea.
Learn more: PPC Marketing: Beginner’s Guide to Pay-Per-Click Ads
B. SEO
SEO is the practice of optimizing pages to rank high in search engines like Google.
For as long as you can rank high in the search engines for your target keywords, you’ll get consistent and passive traffic.
On the most basic level, SEO is about:
- Understanding what your target customers are searching for
- Creating content around those topics
- Making sure Google understands clearly what your page is about
- Acquiring or earning links to push your pages higher in the search engines
- Ensuring Google can find, crawl, and index your content
Learn the basics in this video or read our beginner’s guide to SEO:
C. Build an email list
Email lists allow you to communicate with your readers anytime.
Use them to tell fans about new content and keep them coming back to your site for more. This leads to more affiliate clicks and sales.
You can even add affiliate links in the emails to your audience:
To build an email list, you need to persuade the readers on your site to sign up. That means offering something valuable, like a free eBook, an email course, and more.
These are the fundamentals, and applying them will get you off on the right foot.
Just don’t expect life-changing income or the freedom to quit your 9-5 overnight. Affiliate marketing takes time.
Focus first on making your first affiliate sale. As your site grows, set new goals, and continue experimenting.
If you are interested in an affiliate marketing program, this is my choice. WEALTHY AFFILIATE.
I would like to give you your first needed compotent to affialiate marketing and that is using keywords. Im giving you access to Jaaxy, a keyword program.