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.
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| 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?
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| 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.
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| 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?
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
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| Giveaway |
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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