Making money via affiliate marketing is easy as long as you know the rules and you know what you have to do. Guidance and mentoring is indeed very important for any beginner to earn from affiliate marketing.
Why Make Money With Affiliate Marketing?
So why on earth you need to make money with affiliate marketing when there are so many other money making methods available to choose from?
There are several good things about affiliate marketing that you will never find anywhere else.
Benefits of Affiliate Marketing
- You don’t need a single penny to start making money with affiliate marketing. It is ABSOLUTELY FREE method of making money online. It does not need any investment at all. This is one of the core reasons as to why so many people (including beginners and experts) prefer affiliate marketing.
- You don’t need any special marketing skills to start off with it.
- No prior experience
- The earning potential is usually very high. You can earn up to 75% commission per sale. Isn’t it a great thing to start with?
- You don’t need your own website to promote affiliate products and services. You never have to use all those complicated marketing tools and methods to promote your affiliate products. However if you do it, that is just simply great but not necessary.
- There are fair chances of earning recurring commission so it means if you don’t make any sale in a month, it doesn’t necessarily mean that you will not get any commission in that month. You can get recurring commission for months and months.
- Most businesses offer multi-tier affiliate programs where you can earn money (commission) in hierarchical levels over months via referrals and recurring commission.
- It is easy. Most of the businesses and affiliate networks have their own platforms to make things easy for their affiliates.
- You can easily find lots of helpful material on affiliate marketing including affiliate marketing software to automate things for you, affiliate marketing training programs, ebooks, video tutorials and much more.
You see how easily you can make money from affiliate marketing and how good it is for all those beginners and newbie.
So the thing is how you can make money with affiliate marketing. What you can do and what you have to do to earn money conveniently.
How to Make Money with Affiliate Marketing
In order to make money with affiliate marketing, you need to do 3 things:
- Choose an affiliate network
- Choose affiliate products/services
- Promote your chosen products/services
It looks pretty simple that how to make money with affiliate marketing if you look at 3 things that you have to do that we discussed in the Part-1, right? But actually it isn’t. In fact it is never simple and easy to get going with these 3 things.
Make Money with Affiliate Marketing: Choosing an Affiliate Network
This is your first step towards affiliate marketing. You need to choose an affiliate network to start your affiliate career.
An affiliate network is a middleman that links affiliates and merchants/businesses. You will find a lot of affiliate products and services listed by different merchants on these networks.
OK, so how you can choose an affiliate network?
Choosing the right affiliate network is very important. All your sales, commission allocation, commission distribution, withdrawals, complaints and billing is done by the affiliate network that you choose.
Here is a list of a few top affiliate networks.
- Commission Junction
- ShareASale (I personally don’t like it but since it is pretty famous so I had to add it)
- Google Affiliate
There are many others on the list but these are the best ones.
When you have to choose an affiliate network, you need to be very hard to please. Instead of signing up with all these networks, I’d suggest signing up with one and then move onto other ones once you feel comfortable with everything.
What are the things you need to look in an affiliate network before signing with it when it comes to how to make money with affiliate marketing?
- The payment method. Can you withdraw money easily?
- Minimum payout.
- Are there are any fees involved?
- The affiliate network must have a reasonable number of affiliate products and merchants. The more products it has, you have more variety to choose from.
- Does it offer its affiliates with affiliate tutorials, marketing tips, free tools and other helpful materials? Not all the networks do it.
- Reporting and analysis tools. You don’t assume it to be of any importance for the first few months, but once you will start making money, you are sure to use these tools.
Make Money with Affiliate Marketing: Choosing the Right Affiliate Products
You have chosen the affiliate network and now is the time to choose affiliate products to promote.
If you are of the view that everything can be sold, you are absolutely WRONG. It doesn’t happen and you will suffer badly if you have this kind of philosophy.
You cannot sell every single affiliate product.
An affiliate product that offers you with 75% commission is not likely to sell. Instead a product with 10% commission will have the potential to sell like hotcakes.
How to make money with affiliate marketing: How to choose the best-selling affiliate product
Try to choose an affiliate product that is already well-known. It must be popular but it must NOT be too famous. Either the affiliate product has to be famous or the manufacturer must be famous among people.
If you will choose a new affiliate product from a new author (merchant) with no prior experience, you will have a very tough time promoting it. It will be really hard to generate sales.
On the other hand, if you will choose an affiliate product that is already well-known among people (but it is not too famous and the market is not saturated), you can easily convince a few people every week.
So rule number one is never go for new affiliate products instead choose well-known affiliate products.
Look for the commission, already subscribed affiliates and the profile of the manufacturer.
If the competition is already very tough meaning if already too many affiliates are promoting an affiliate product, you don’t have to go for it. It will be hard to generate sales.
It must be a mild (low level or introductory) affiliate product with low to medium competition and with slightly strong background.
Make Money with Affiliate Marketing: How to Promote Affiliate Product
Now you need to promote your affiliate product.
There is no fixed rule as to how you should promote it. Use all the methods you have. However, avoid using paid marketing techniques. Use all the FREE marketing methods.
You can promote your affiliate product via following methods:
- Social media marketing.
- Video marketing. Make a few videos and upload them onto your YouTube
- Article marketing is the most effective way to promote affiliate products. Publish your well-written articles on Hubpages, Ezines and others.
- Squidoo lenses are very powerful marketing tools.
- Make a free website or a blog on wordpress.com or blogger. Publish informative articles on your blog. Don’t forget to drive traffic to your blog.
- Use guest blogging to promote affiliate products.
How to make money with affiliate marketing: Affiliate marketing programs
To increase your affiliate sales, you can use affiliate marketing software and programs. In fact, it is at times, pretty helpful to use these affiliate marketing programs.
These programs and software are helpful in the sense that they guide you as to how you can increase your affiliate sales practically.
There is no harm in using an affiliate marketing program as long as it is made by an expert internet marketer and has something to offer you.
There is one such step-by-step affiliate marketing program known as Affilorama.