We all want to know how to make money as an affiliate marketer right?
Affiliate marketing is easily one of the most popular ways to make money online. But what exactly is affiliate marketing?
For the benefit of people who are new to internet marketing, please let me explain what affiliate marketing is.
Affiliate marketing is when you (the marketer) promote a specific product/service on your website. If a website visitor clicks on a special one of your links (cookies) and goes on to buy the product/service, then you get paid a commission.
Sounds great right?
The Top 4 Reasons Why Affiliate Marketing Is So Popular
1) EASILY the #1 reason why affiliate marketing is so popular is because it’s a great way to make money online!
You get paid a commission for your efforts.
Who doesn’t love being paid for their work right?
2) You DO NOT have to purchase any inventory.
In the ‘real-world’ shopkeepers have to purchase HUNDREDS and THOUSANDS of dollars worth of inventory and then wait for a customer to come in and purchase the product to change it back over into cold, hard cash.
This can take AGES for happen. There is a rule in business that says “Cash is King” and cash flow problems are the #1 reason why many businesses go bust. This NEVER happens to affiliate marketers because they do not have to purchase any products.
Your role is just to promote products/services that you like to your audience.
3) You get to pick the topics (niche) and the products
This is another really popular reason why many people get into affiliate marketing.
When you create a website, you get to pick the main topic focus of that website (niche). You also get to pick which products/services you want to talk about and you get to change everything if you think something else is a better match for your audience.
It’s this freedom over choice and control that LOTS of people find really attractive about affiliate marketing. How about you?
4) No store returns or angry customers
My friend got into affiliate marketing just because she was sick of having to deal with store returns and angry customers. With affiliate marketing, the company does all that. This frees up your time to do more marketing and promotions work.
I don’t want the hassle of shipping products, just to get them returned. With affiliate marketing that is the company’s headache, I just drive the customers and get a commission, that for me is a big deal and so much easier.
The Four (4) Key Steps To Affiliate Marketing
Your job if you really want to make money in affiliate marketing has four (4) key steps.
1) Choose a topic that interests you (this is also called your niche).
If you need help to choose your website niche please click here.
2) Build a website
The easiest way to build a website from scratch is with a WordPress website.
WordPress has been heavily customized and it’s SUPER easy to get a professional looking website up and running really quickly and easily.
If you would like a WordPress website for FREE (SiteRubix sub-domain), please click here.
3) Get Website Visitors
The most important thing you can do is to learn how to figure out how to get website visitors.
The best way is getting free (organic) visitors from search engines like Google or Bing. This is called SEO traffic.
There are LOTS and LOTS of help and hints and training available to help improve your SEO, If you would like some tips on how to improve your SEO, please click here.
4) Earn Money
This is EVERYONES favorite part.
This is the #1 reason why people start affiliate marketing and it’s also one of the happiest days of the month when you get your monthly paycheque. Different affiliate programs have different paydays, but every pay date is a welcome payday.
As an affiliate marketer, you can earn money in lots of different ways.
The top 4 ways to earn money online are
1) Sell Advertising On Your Site
This is a very popular method because your website visitor doesn’t have to anything. As the website owner you allow company’s to pay you money based on how many times their ad gets shown on your site.
The most popular sites are Google Adwords and Bing Ad’s. The good news is that they both allow new website owners to join their programs, the bad news is that they only pay “pennies on the dollar” for every visitor.
2) Pay Per Click or (PPC)
PPC is when you get a commission every time one of your website visitors clicks on a link on your website and then goes off to website #2.
3) Pay Per Sale or (PPS)
Pay per sale is probably the #2 most popular way to make money in affiliate marketing. It is probably more well-known than selling advertising space on your website. Here you earn a commission when a website visitor comes to your site, clicks on one of your special links for a product and then goes off and purchases that product.
Amazon is the market leader in this sort of program.
It is also very popular with many in-house run affiliate programs as well.
4) Pay per Action or PPA or Cost Per Lead.
This is when a website visitor comes to your website and then fills in a form for a company to contact them at a later day.
It is very popular with local marketing. An example would be the local real estate agent or local accountant would pay your a commission if someone was to fill in a form and allow someone from their office to have a meeting with them.
Choose Affiliate Programs To Work With
OK, now that you know how you want to make money in affiliate marketing, the next step is to join some affiliate programs to work with.
Overall this is actually quite easy to do because a lot of company’s want to work with affiliate marketers and have systems in place to welcome you on board.
Mass market products in particular are generally pretty welcoming of new people just starting out in affiliate marketing.
The exception seems to be with luxury items and high commission products. Often they want to see a proved track record and will check to make sure you are a good “brand match” before accepting you into their programs.
For my tips on Affiliate Marketing Companies: Top 10 Tips To Get Accepted, please click here.
Some Great Affiliate Programs To Join
Are a market leader and have been around for a very long them. They used to specialize in digital products but now offer some physical products as well.
CJ (Commission Junction)
They have also been around for a very long time and have a wide selection of programs to choose from. They work really well for people who want to promote traditional type of goods / services.
They have a really nice members’ dashboard to help you keep track of all your links and sales.
Share A Sale
Share A Sale has a wonderful array of brand name company’s for you to work with. You have a great chance of find something that will work for you here.
Amazon Affiliates offer commissions on the widest selection of mass market products in the world. There is sure to be something here that will match every possible niche.
Commissions are between 0-10% and your special ID ‘cookie’ lasts for 24 hours.
Wealthy affiliate have an in-house program that helps people with affiliate marketing training. You do no have to be a member to earn money from their affiliate marketing program.
To check out Wealthy Affiliate, please click here.
Your Main Job is To Find Traffic
As you can easily see from above, after you have;
1) Selected a Topic (niche) to talk about
2) Set up your website
3) Joined affiliate programs to get your special ID links or ‘cookies’
The next step is to
4) Find website visitors (traffic)
Finding website visitors and building a repeat following will be something that you will send a lot of time doing.
Luckily there are LOTS and LOTS of help available to help affiliate marketers find traffic and build a following.
The Main Ways To Find Traffic Are;
1) Search Engine Optimization (SEO) to get free website traffic from places like Google and Bing.
2) Your Social Media Accounts to build up a following and then direct people to your website.
3) Paid advertisements. This is thing like a PPC campaign.
Personally I would leave this one for last until you have built up your skills and know what you are doing otherwise things will get very expensive very quickly.
4) Joining community groups and forums. By joining community groups and forums you will be able to spend time with like-minded people on topics that you enjoy speaking about. This will help build up your success very quickly.
So in conclusion, to make money as an affiliate marketer it is best just to follow a well worn and established process. Affiliate marketing is great because you can get started for free or very little money. It also has very little to set up (compared with a “real-world” business) and could result in you earning enough to earn a full time income.
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