How to Make Money with Affiliate Marketing – Affiliate marketing for beginners 2021
How to make money with affiliate marketing for beginners: How to make money through affiliate marketing is a question many new people ask themselves when they first go online in search of a new business. Affiliate marketing is a great way to make money without having your own product.
What is affiliate marketing?
Affiliate marketing is one of the oldest marketing practices that gives affiliates a commission in terms of a sale based on the affiliate’s recommendation. It is one of the cheapest and simplest forms of marketing since it is not necessary to create and sell a product. Just one thing you need to do is enable a linked connection between buyer and seller and take your commission when the sale is made.
Many online companies that sell products like smartphones, clothes, or domain services offer an affiliate program. By signing up for the program, get your unique tracking link, and use this link every time you write about your product. There are several and different affiliate programs that use different payment terms.
- (PPC) Pay Per Click – Earn money online based on the number of visitors redirected by your affiliate site to the advertiser’s website.
- (PPS) Pay Per Sale – Earn money online when the purchase is complete. The advertiser companies pay you a percentage of the sale.
- (PPL) Pay Per Lead – Earn money online when the visitor provides their contact information on the advertiser’s website.
Make Money with Affiliate Marketing Online – In 5 Easy Steps
It can be done part-time, but many are so successful that it became their full-time job. Here below are five easy steps to get started.
1. Create your Product or Service Niche
Find out if the product you are considering promoting is something your audience needs. Remember, if you are trying to sell something that is in low demand, you probably won’t make a large number of sales. Also, to make money from affiliate marketing, choose a niche that you are familiar with or one that you are interested in learning about. This way, you will be more passionate about doing the job, and before you know it, the sales will begin.
2. Find or Choose Affiliate Products or Services to Promote
If you’ve done/completed the work of choosing a niche, choosing affiliate products to promote should be easy. Choose products or services that suitable and fit in your niche and relate to your content.
Affiliate networks are businesses that connect/join merchants and affiliate marketers so that they can both make or earn more money. Affiliate marketers use affiliate program networks to make better selections of products to promote on their site.
There are numerous affiliate program networks on the web that can engage merchants with affiliate site publishers, who can help market their products and services. These companies are:
- Commission Junction is an online advertising company with a wide range of merchants, ranging from small online boutiques to popular global brands and travel services.
- Clickbank, PayDotCom, and E-junkie help connect e-book and software authors with affiliate sellers who can sell their digital download materials.
- Google AdSense can generate income through pay per click. Your referral doesn’t necessarily have to turn into a sale, you get paid simply by driving traffic to click on a merchant’s website.
3. Create a Website or Blog
To make money from affiliate marketing, the first thing you need is a website. When it comes to building your website, you have many options. But we highly recommend using WordPress. With WordPress, anybody can quickly make a professional-looking website in minutes.
Also, WordPress has more tools to help your sites outperform other website builders. That means more functionality on your site and a better user experience for your visitors. If you are interested and attracted to making/earning money from affiliate marketing, WordPress is definitely the way to go.
Create a website where you can place links to the products or services you want to promote. There are several inexpensive service providers like Hostinger, Interserver, HostGator, and GoDaddy, for which you can get web hosting solutions. You can also publish a free blog using WordPress or Google’s Blogger network.
4. Decide on Your Promotion Strategy
Here are the two main business models or approaches you can choose from:
This is where you will need to invest and offer a large number of how-to articles and posts, and then you can include affiliate links or banner ads to direct your visitors to your business partner’s site. Updating your site with new and relevant content regularly is crucial to its success, as it gives people a reason to return to your page and click on more links to generate money.
Review the site
You have tested the products in your niche, you can now write and post a review about it on your website, to help your visitors decide what to buy. Of course, it will include an advertising link or banner that will direct you to your merchant’s page to help drive sales. Don’t forget to modify your site from time to time to keep the search engines aware that your website is still live.
To make money from affiliate marketing, your website must attract tons of highly targeted traffic. Therefore, it is essential that you use a combination of marketing strategies to gain more exposure and attract more potential buyers to your site. You can work with free advertising, paid advertising, email marketing, or article marketing.
5. Test and Track your Affiliate Campaigns
Run split tests and measure the performance of each marketing campaign so that you can find out what works and what doesn’t, and then take appropriate action accordingly. There are several affiliate marketing tools available that you can use to track the progress of your campaigns.
Making money from affiliate marketing can be challenging for new people, so getting a mentor ad is important to stay focused on the goal you set and continually educate yourself to keep up with new marketing techniques and trends.