10 Proven Ways to Make Money with Affiliate Marketing

Affiliate marketing has become one of the most popular ways to make money online in recent years, but it’s not easy to do well. If you choose the right products to promote and offer valuable information to your readers, though, you can earn significant commissions on a regular basis through affiliate marketing and make enough money to quit your day job forever if that’s your goal. The 10 proven ways below will help you get started as an affiliate marketer and build your business into something big.

How Affiliate Marketing Helps you Build your Brand

Affiliate marketing is an excellent way to build your brand. It's a great way for new and existing brands alike to engage with potential customers, but it also has the added bonus of driving higher conversions, getting more traffic, and increasing sales.

10 Proven Ways to Make Money with Affiliate Marketing
Make money with Affiliate Marketing

Online earning can be done by many different people in many different ways. There are many forms of online earning such as selling items on eBay, making money from surveys or promoting products through affiliate marketing. The beauty of affiliate marketing is that you don't have to create your own product like with other types of online earning. Instead, you promote someone else's product and get a percentage if they make a sale (or some other agreed-upon commission). 

Related Posts: Complete Affiliate Marketing Guide

Affiliate marketing usually refers to online businesses that give individuals the opportunity to market their products for commission in order to reach their target audience through advertising means. In essence, affiliates act as middlemen between merchants (i.e., e-commerce sites) and end consumers (i.e., you). You see an ad online, think the product looks cool, and want to buy it - so you click through to learn more. If you purchase anything within 24 hours of clicking that ad, then the advertiser will pay the affiliate a small commission for sending them the business (typically around 5%).

Affiliate marketers typically enjoy greater margins when compared with brick-and-mortar stores because there’s no need for physical inventory. It’s simple: there’s less upfront investment so less risk! You only spend money when there is a return. As long as somebody clicks on one of your links before making a purchase then you're golden.

5 Key Elements for Successful Affiliate Marketing

1). Join an online earning site. There are a number of online earning sites out there, but the two most popular are Wealthy Affiliates and ClickBank. The idea behind these types of sites is that you can market different products through affiliates and earn a commission off any sales that you make. Joining one of these sites would be a good place to start your journey to becoming an affiliate marketer.

2). Amazon is always willing to help. If you're looking for a more traditional affiliate marketing route, the Amazon affiliate program is great because it has so many items available on its platform. If you create content around certain products or have reviews on certain items, then this may be a great way to increase traffic to your site while making money in the process.

How does social media work with Affiliate Marketing?

10 Proven Ways to Make Money with Affiliate Marketing
Social Media Affiliate Marketing

Affiliate marketing is a popular form of online earning that leverages a person's web-based presence (e.g. social media) to direct traffic and sales to another party's product or service. In order for social media affiliate marketing (i.e., when an individual has a high number of followers on social media sites like Twitter and Instagram) to be effective, it helps if you have the ability to establish credibility online and have knowledge about the products or services in your niche. Social media, especially sites such as Facebook, Instagram, YouTube, LinkedIn, Tumblr, Pinterest, and Snapchat all offer ways for individuals and companies alike to earn money from affiliate marketing opportunities by harnessing their existing networks.

How do you pick a niche? What products should you offer?

One of the first things you need to do is figure out which niche you want to go into. There are a number of ways that people categorize niches, but one way is by their level of difficulty. The more difficult a niche is, the better chance you have at making money because it means there's less competition in that space.

10 Proven Ways to Make Money with Affiliate Marketing
Pick a Niche

Another thing you'll want to consider when picking a niche is your knowledge and experience in that industry. If you're knowledgeable about running an e-commerce store or marketing products online, then this would be a good niche for you. If not, it might be best to stick with something like affiliate marketing where your skills are better suited for success.

Setting up your store - What are the best platforms to use?

There are many ways that you can make money online and affiliate marketing is one of the most popular. To get started, it's best to set up a store on a marketplace such as Amazon. You can also set up your own website where you sell products directly.

Top Five Platforms for Making Money Online

Etsy: Buy and sell goods like art, jewelry, clothes, and more. Etsy charges 3.5% per transaction plus $0.20 per listing. 

Amazon Mechanical Turk (AMT): Earn income by performing various tasks in exchange for payment from companies looking to outsource work typically completed by humans including transcription, data entry, etc. AMT takes 20% off what they pay workers which means 80% of what they pay goes to the workers which is good because there is no limit on how much someone can earn using this platform so theoretically there could be huge amounts made using AMT but realistically it's not likely due to competition and difficulty in finding jobs at times.

Where can you find products and how much commission do they pay?

Finding products is simple; as a marketer, your job is simply to create content for the product. The company wants you to do their marketing for them. For instance, there are many online earning markets that use Facebook and Instagram ads for affiliates. Social media affiliate marketing rates typically range from $1 - $25 per sale, depending on the number of products sold.

Writing product reviews - How often should you update them?

When it comes to affiliate marketing, one of the things you need to do is keep up-to-date on what’s happening in the industry. This means monitoring social media and other online channels for any new products, changes in policy, or competitions that might be worth writing about. When you write product reviews, how often should they be updated? Ideally, product reviews should be updated at least once a week.

Using promotions on your site or through Facebook

Promotions are a great way to get your affiliate products in front of more people. For example, you could create a Facebook ad that highlights the benefits of your product and offer coupons or discounts for those that click. You can also use the power of social media by creating posts on your website and sharing them on various platforms like Facebook, Twitter, Pinterest, Instagram, and LinkedIn. When it comes to making money online through affiliate programs, it's all about reaching out and grabbing as many potential customers as possible.

Doing giveaways – How, when, and what kind of giveaways

10 Proven Ways to Make Money with Affiliate Marketing

One great way to make money online is by using the amazon affiliate program. For example, you can offer someone a free product from Amazon in exchange for them becoming your affiliate customer. You can also offer gift cards of between $1 and $5 if people want you to send them something specific. With these kinds of contests, there's no need for high-ticket prizes that are difficult or impossible for everyone involved to enjoy.

Other ways to make money online as an affiliate marketer

Here are some other ways you can make money online as an affiliate marketer:

  • Sponsored posts - You create a post about the company, and they give you a percentage of their profits for every sale generated.
  • Multilevel marketing - This is when you recruit people to sell your product and earn money from the sales.
  • Paid surveys - You take surveys for companies and get paid based on how long it takes you or if you qualify for a survey.

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