Hey Affiliate Marketing aspirers! Thinking of earning passive income via affiliate Marketing?
Why do I think so?? After reading this blog you might surely want to start on your Affiliate marketing stuff.
You will find out why Making money online while you sleep is easy! Yes, gone are the days where you earn only when you actively engage.
Eyes on stalks??? Haha.. I felt the same when someone dropped the “Affiliate Marketing “bombshell to me.
Personal finance experts have one common preach – financial freedom. Each of them has guided and will always guide you to one common mantra: passive and multiple streams of income i.e. to keep on earning while you are not working actively via various sources.
Of many streams of passive income, one of the smartest ways is affiliate marketing. You might have googled a lot about passive income and no wonder “affiliate marketing” pops up. Most of the time we find the two in the same content in a way -one complimenting another.
If you want to be a part of this billion -dollar industry, go through this blog. We will be unfolding many growth strategies that are efficient and work like a charm.
Let me make it clearer by breaking the two terminologies, like we used to do back in our high school days. Let’s consider two words “affiliate” and “Marketing” separately. You might have heard ‘x’ is an affiliate to ‘Y’ organization. Or ‘x’ college is affiliated to ‘Y’ University.
SO, WHAT IS AFFILIATE MARKETING?
Simply “affiliate” means ‘a part of’ or ‘to associate with’. And everyone knows what marketing is. If I start scrubbing about marketing, then this blog will be lengthy enough and you’ll be bored to distraction.
In the case of Affiliate marketing, one who performs the advertisement for a business is called an affiliate. Business rewards or provides predefined commissions to the affiliates for each customer brought by the affiliate.
Simply, You promote other companies’ products and each time someone buys the product or service you are promoting through your affiliate link, you get commissions.
Of many types of affiliate program, one example is given below that will make you abundantly clear:
Amazon sells millions of products. Amazon has its affiliate program, which they named as Amazon Associate program and the one who joins the program are the affiliates who help amazon sell their products. Those people will promote the products by sharing it in their websites, or in their YouTube channel, tik-tok or in Facebook and if someone buy the products clicking the link, which is termed as affiliate link, the associates (what amazon calls its affiliate) share, they earn a predefined commission.
And when a visitor clicks that link from your blog, website or wherever, a cookie is stored on their device. The cookie does amazing things, it directs the sale to the prospects and it locks up the expiration date.
Within the expiration date if the customer buys the product, you still are eligible for the commission. People need not buy the products immediately after they land on the product buying page clicking your shared link
And One of the blessings of affiliate marketing is that You are not the person who creates or own the product but the one to do the marketing and sell them. And you can associate with more than one affiliate program promoting as many goods and services as you think you can.
How much can you make as an Affiliate Marketer then?
Infinite ……Yes! there’s no limit of earnings. The more you influence and sell, the more you’ll be bulking your pocket.
Top affiliates and influencers such as Pat Flynn, John Chow, Rae Hoffman, Mark Ling, Kristy McCubbin, and Shawn Collins makeover $100k a month from affiliate sales. And Middle-class affiliates make anywhere between $1k to $10k a month.
But the thing is, they have not been able to earn that big overnight, it is the result of their hard work, consistency in building brand and influencing others.
How can you start affiliate Marketing?
You might have known by now that you need your platform, be it blog or you-tube channel or something else like tik-tok, Instagram wherein you can share your affiliate link.
Choosing your niche
But before that I will suggest you to think of a niche that you would love to work on. A specific category that you understand and enjoy every bit and piece of it.
Choosing your platform
In fact, most of the newcomers in affiliate marketing kickstart their career from their blogs. Successful digital Marketers recommends to focus in a niche and to be more specific. For instance
If you are a tech lover, you can start your blog where you mention about the new gadgets and being more specific you can focus on mobile phones.
Some people create a multi-niche blog but I suggest you start with a specific niche focusing on one particular kind. Because you might not get consistent with the multiniche and without consistency, there’s no way you can be a successful affiliate marketer. Later, you can hire content writers who are subject matter experts if you are looking ahead for a multi-niche blog.
Creating your own blog after setting up a website will be a great start for you to influence the audience with your great contents. But the thing is you need to rank your website with the help of great keywords and quality content. (You can find tons of videos on how to rank your website)
You can also create YouTube channels with domain specific video contents. Even if you don’t want to appear in-front of the camera yourself, you can simply outsource it. All you need is to create content and you can make someone record and create video for you.
You can also create groups in face-book, WhatsApp, discord and post affiliate links there. But the thing is you should be the owner of the group as you’ll be controlling the contents and people will not stand anyone dropping links haphazardly in their groups.
If you have an ample amount of followers, tik-tok and Instagram can also be great platforms for you to share the affiliate link. You can just share affiliate links in your bio. This is one of the way Social Media influencers tend to do Influencer Marketing.
Joining Affiliate programs.
Before joining any affiliate program, it’s increasingly better to choose the product you want to sell first. You don’t want and should never sell anything possible.
First be genuine to yourself! Choose the product that you trust in! If you can, buy them first and try it out yourself before selling it out to others.
Only sell, if you would love the product to buy yourself. Yes, I know, you are on a journey to make money, but make money ethically.
You can simply search the affiliate program of the product that you want to associate with in Google and you will be overwhelmed with the options. For example, if you search “Affiliate program for Headphones”, you will get a list of affiliate programs that do include headphones.
Before you select and join Affiliate programs, there are certain things you should consider
- Do background research for their credibility by reading the reviews and make sure they do have some good reputation in the market.
- Make sure that the affiliate program has a decent conversion rate.
- Be assured that the program has a longer cookie life, so that even if the customer buys the goods later from your link, you get paid.
- Choose the affiliate program that is liked by the target audience.
The affiliate programs may vary, there are high paying affiliate programs but are hard to convert with tough competitions and veteran digital marketers already involved. Contrary to that, there are low paying ones but easy to convert. The newbie affiliate marketers should target such one. Though the commission might be low, the sales volume that can be achieved will be much higher.
Generating Traffic to website
Since the most popular platform and used by the majority of the Digital Marketers is websites (blogs), we will be more focused on the very one.
There are two means by which you can increase visitors to your site and actually influence them to buy the product clicking your affiliate link.
Organic/ Free traffic
They are the traffic that is directed from the search engine results like Google. Those are the visitors to your site directed by clicking the organic listing in SERPs (Search Engine Result Pages). For a new website that has gone on a much stronger revenue generating module cannot spend much on paid advertisements so they need to get more focused on organic traffic.
The only best way to attract more organic traffic is through SEO (Search Engine Optimization).
Traffic through paid Ads.
Companies pay the ad- platforms like Google, Facebook to get traffic to your site. It might be a great option if you are into this Affiliate program for a long time and are a part of a high money-making affiliate program. If you’re getting high commissions then, paying for ads is not a big deal to you.
Converting Traffic into Sales.
Someone visiting your website is not a sure shot conversion. They need to click to your affiliate link and buy for you to earn commission.
Be honest in your reviews and comparisons.
Try to be honest regarding the product. If you’ve used the product earlier, it’s even better. You can share your personal experiences with pros and cons. Try to pinpoint things other reviewers have not shaded light on or covered.
Effective CTAs and link Placement.
You need to be very careful while placing the link. It is wise enough to put the link whenever you describe or mention the product. Put CTAs (Call to Actions) in the form of boxes that are distinct and captivating.
Sending Business Emails
It is little bit tricky to collect the email list through your newsletter subscription. You can send personalized email with the affiliate link. Mention the product details and description also such that customers might want to check out for the good through your link.
Conclusion
Affiliate marketing is an agile and much considered approach for marketing and converting into sales. Choose an easy-to-go affiliation program to begin with. Once you get over the approaches and tactics, it will be facile and simple.
Last secret to accumulate wealth by doing Affiliate marketing. Want to know what it is?
Start now ! and be consistent.