How to make money with affiliate marketing?

How to make money with affiliate marketing

As an affiliate, you’re a salesperson for the company. You help to make a sale, the company rewards you.

The best thing about affiliate marketing is that you can do it at scale. A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.

what is affiliate marketing

The merchant gives each affiliate a unique link so they can track who was responsible for a sale. Example: I have a link affiliate marketing will usually look something like this:

https://affiliates.hostarmada.com/scripts/q1yoac4x8oq?a_aid=financialfreedom

An affiliate cookie does two things:

  1. It helps the merchant attribute the sale back to the right person;
  2. It (usually) holds an expiration date, so you get paid even if the buyer delays their purchase.

Example: You are in need of buying a new computer and do not know where to buy it. By chance, you see your friend posting about the Apple Iphone12 of the same type you are interested. So you buy it. The product is owned by the manufacturer, your friends recommend it or do affiliate marketing, introduce products. And if your friend joins the affiliate marketing program, he will receive a commission from the producer.

Why so? Because manufacturers do not need to spend advertising costs and still sell products to customers who do not know them, instead of paying very expensive advertising costs, they choose a cheaper form, people recommend products for people wishing to use.

But more importantly, for affiliate marketing on the Internet, every link you put up lasts forever and when a customer buys the product from there you will still receive a commission.

Is affiliate marketing legit?

Of course, this is a really great platform, you do vendor marketing and you deserve to be paid for it.

 

How much money can I make as an affiliate marketer?

The simple answer is that there is no limit. It depends on your niche and the amount of work you put in.

The most successful affiliate marketers make six or seven figures a month.

Ryan Robinson, another affiliate marketer, reported over $19,000 in affiliate revenue in October 2019. Another successful affiliate website—The Wirecutter—made an estimated $10 million in revenue, and was eventually sold to the New York Times for $30 million.

You need to manage your expectations. You won’t earn the big bucks right off the bat, but don’t let this discourage you.

The success of others tells you that with hard work, time, and the right knowledge, you too can potentially reach those levels.

How to make money with affiliate marketing? How to be a successful affiliate marketer?

Step #1: Decide on a platform

Theoretically, you can do affiliate marketing on any platform. Even Instagram works.

However, it’s much easier to build an audience and increase your affiliate sales via one of two channels: a blog or YouTube channel.

Starting a blog today is relatively easy and cheap. There are plenty of tutorials online that teach you how to get started. The best part? It’ll likely only cost you a few dollars per month.

Once your site is up, optimize it for search engines so that you have a better chance of ranking. From there, you’re free to add affiliate links in your content. (There is an art to doing this, which we’ll cover later in this guide.)

The other platform is YouTube. Creating and uploading content to YouTube is free, which makes it ideal for many people. Optimize your videos for SEO, and include affiliate links in your description.

However, I recommend that you choose a sustainable and long-term foundation, which is the website. Create yourself an online business on the internet. Because with the website everything is under your control, with other platforms you will lose money when the provider rejects you. Simple example: You build an instagram channel with a very large number of followers, then suddenly one day, your account is suddenly locked out due to a violation of community policy. So you have to start over. But with blogs and websites all owned by you, you don’t have any dependencies when you own it.

The cost to build a website / blog is quite cheap, only about 40$/year, you have a complete website and start with an online startup. This is why you should start with a website / blog.

Step #2: Choose your niche

Let’s be honest: if you’re starting a blog today, you’re facing a ton of competition. Statista estimates that the number of bloggers in the U.S will reach 31.7 million by 2020.

To stand the best chance of success, niche down.

Choose a topic that focuses on a specific category. For example, the topic of “food” is an enormous category. Rather than tackling that, try something more specific, like grilling food.

Here I introduce to you some niches that are very interested such as health, get rich, jobs, technology, love … you can find more if you want.

Step #3: Find affiliate programs to join

There are many ways to choose affiliate marketing products, you should choose products with a high commission value, the market demand is very large. You can search on google for “best affiliate marketing”.

Here I introduce to you the product marketing commission up to 500 – 600%, that is hosting, I recommend hostarmda and hawkhost because the price is suitable and the quality is good, you can use it to create your own. online business, while also promoting your products.

Once you understand affiliate marketing, with a referral commission it can be an affiliate marketing product, you can market any product through promoting your website.

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.

Here’s an example. Tim Ferriss interviewed 100+ famous people.

Give and take back, you share what you know, give opportunities to people, share valuable things you have learned, become a true blogger that attracts readers you will be able to make money from advertisers or google adsense with your blog. Or you can make money through affiliate marketing when a customer buys a product.

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 I will share with you a great secret

Traffic is also known as traffic to your website / blog.

One recipe that I, like most other people making money with affiliate marketing, has to memorize is:

More Content + More Traffic = More Money

It mean:

You have to create a lot of useful content for readers to get more traffic, in the end these two things will make you money, even a lot of money.

Trust me once you have enough traffic you will have money in many ways, not just simple affiliate marketing.

Step #6: Get clicks on your affiliate links

Just because you have an amazing piece of content doesn’t mean people will click on your affiliate links.

There are a few things you need to consider.

A. Link placement

If all your affiliate links are at the bottom of the page where people rarely scroll, clicks will be few and far between.

On the other hand, make every other word a link in your introduction, and your content will look spammy.

You need to balance link placement with the other factors below.

B. Context

Let’s say you were writing an article on the best kitchen knives for under $50.

Your introduction probably shouldn’t look like this:

Today, I’m reviewing the best chef knives.

The links look out of context and spammy.

This would make more sense:

Today, I’m reviewing three different chef knives you can buy on Amazon for under $50. These are, product name 1product name 2, and product name 3

C. Callouts

Using callouts like buttons, tables, and boxes can help attract your readers’ attention and make the post more skimmable.

Step #7: Convert clicks to sales

In affiliate marketing, two conversions need to take place for you to make money.

The first conversion is the click to the product page.

You’re 100% in control of this action. Use the tactics above to improve your chances of getting that click.

The second conversion is the visitor purchasing the product. In the case of affiliate marketing, the merchant controls the checkout, and their conversion rates are out of your control.

The trick is to play the game to your advantage and look for merchants with programs that convert well.

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