Everybody wants to make money while sleeping. And, that can be true by Affiliate Marketing.
Affiliate Marketing is one of the best ways to Make Money Online.
But, How do you earn with Affiliate Marketing?
In this article, you will learn all about Affiliate Marketing such as Benefits, Types of affiliate websites, best programs to choose from, and much more.
So, let’s get started…..
What is Affiliate Marketing?
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In Affiliate Marketing, three parties are involved. There’s a Merchant or an Affiliate Network, let’s consider it to be Amazon. Then there will be you, as an affiliate. Where you will be promoting the products of the merchant through a special affiliate link.
So when someone purchases a product through your affiliate link, you get a commission, that is, you make money.
Almost all popular companies use Affiliate Marketing to drive customers. Be it Amazon, SEMRush, Fiverr, Coursera, Shopify, TripAdvisor, Bluehost, and almost all popular companies are doing it.
Who can learn Affiliate Marketing?
Anyone can learn. You don’t need any special qualifications, you don’t need any technical background.
All you need is one laptop, or a computer, and an internet connection. This is all you need.
The best part about Affiliate Marketing is that you are making money from the comfort of your home.
Benefits of Affiliate Marketing:
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To the entrepreneur, marketing costs are considered a necessary evil because they consume a lot of resources but still have to be incurred all the same.
You can’t create brand awareness and increase the number of sales without properly investing in product marketing.
Internet marketing has provided businesses with a great way of running marketing campaigns while cutting down on costs.
Affiliate marketing is even better at this because you only pay the affiliates or publishers depending on the number of sales made.
Without creating conversions, the affiliates earn no pay and the business does not incur unnecessary expenses.
Using minimal resources, you can reach a high number of customers.
The program is efficient because it makes use of the internet and social media sites that are frequented by several potential customers.
The traditional methods are expensive and may not even reach the target market.
A consumer is more likely to notice an advertisement on the internet as opposed to other media such as Billboards and Radio.
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It’s always nice to be your own boss.
The challenge that most people and especially young people face is the lack of capital to start a new venture.
Affiliate marketing does not need a premise or capital to start. As long as you have a computer and access to the internet, you can be well on your way to self-employment and financial freedom.
It is an ideal way to make more money and also find your footing as you begin your journey to self-employment.
It is also a perfect home-based business that can give you some good income.
Little or no experience:
Once you learn the basic concepts of affiliate marketing, you can succeed in it as long as you are willing to put in work and learn along the way.
You don’t have to possess the experience to successfully participate in an affiliate program.
There are a lot of resources available on the internet to help you find your way through.
Ability to track the effects of a marketing campaign:
It is very difficult to determine the exact impact of most marketing campaigns but with the affiliate program, that is very much possible.
A Marketing team can keep track of the sales generated as a result of the marketing efforts and change strategies if the situation warrants it.
It is always important to assess the direct impacts of a marketing campaign because if that is not done, a company may spend a lot of resources for nothing.
It is also possible to get instant feedback from customers and that helps so much in improving customer service by designing products and services that match their preferences.
And, these are some of the benefits of the affiliate marketing program that merchants, publishers, and even customers can get to enjoy it.
Which Affiliate Network should you choose?
While there are more complicated ones like Clickbank and Commission Junction, where you need the knowledge of advanced Digital Marketing in order to make money. This is because the competition is just way too high.
For beginners, who are just starting out, the one I recommend is Amazon Associates. It’s easy to run and promote.
Amazon is the world’s biggest e-commerce website. “Amazon.com” is driving more than 2.5B visitors per month. So, making money from an Amazon associate account is a hundred times more beneficial than promoting on other affiliate programs.
Why should you join the Amazon affiliate network?
Once you promote your Amazon affiliate link, the cookie period is for 24 hours.
So, whatever the customer ends up purchasing in the next 24 hours, you will be getting the commission for that.
Commission for the Entire Cart:
The second benefit is that you will be getting paid the affiliate commission for the entire cart.
So let’s say you refer someone to buy a t-shirt. But the person ends up buying jeans, a cap, and a t-shirt as well.
You will be getting the affiliate commission for the entire cart value and not just the product that you recommend. This is the best part about the Amazon Affiliate Link.
And since Amazon has so much data and optimization and then the majority of the people end up buying so many other products and not just the product you recommend.
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Valuable & Trusted Brand:
The third benefit is the Amazon brand. Amazon is now one of the biggest e-commerce sites in the World.
They spend millions on advertising and now everyone knows about Amazon.
So there’s a trust of the consumers from Amazon, so the conversion rate of people buying from Amazon is very high.
This also helps in getting more sales and hence, making more affiliate commissions.
Types of Affiliate Marketing Websites:
If you’re currently thinking about setting up your very own affiliate marketing website but you’re not too sure about the sort of site you want to create.
We’re gonna be exploring the different types of affiliate marketing websites that you can create.
Let’s get started and let me tell you about a few of the different affiliate marketing websites:
So, this is your kind of basic sort of affiliate marketing website. The Blog Site is basically just a collection of content.
An Example of this is an Affiliate Site called 91 Mobiles. You’ll find lots of articles and Reviews.
Just basically, lots of content about Technology such as Mobile Phones, Laptops, Home Appliances, and Many More.
So, it really helps people that are looking to make a purchase in the tech niche. They’ve got articles, For Example, Best PC Webcams under Budget.
And, all sorts of things you need to know. Really, when they’re gonna buy a new mobile phone or laptops.
Food Marketing Website:
Food Marketing Website is an e-commerce site.
Having an e-commerce site is that you have a blog just like the first sort of site but then you also have a selection of products on your site as well and it kind of looks like a traditional e-commerce site.
This allows people to kind of browse around and add products to their cart and then when they check out they then get redirected off to the merchant, for example: “Amazon” and when they make their purchase you get the Commission.
But, you still need blog content in order for these to work. And, the benefit of having lots of products on your site means that you often get found from long-tail searches.
So, when people are searching for products or services, you know things very particular. And they typing in long product names and that sort of thing there’s a good chance that your product pages will come up for those searches and you’ll get traffic.
For More, here are 67+ Food Affiliate Programs to Promote.
So, it’s very similar to a blog site but it’s geared towards just offering reviews. So, an example of this also would be a website like 91 Mobiles.
Review Website is a site that only focused on reviews of the products or services that are the kind of main content.
And, you help people buy that by reviewing products and then obviously linking off with your affiliate links so that people can make the purchase from your website.
Voucher Code Website:
Now I’m sure you’re familiar with these, a Voucher Codes Website. For Example, Vouchercodes.co.uk
And there’s a ton of sites out there that offer voucher codes and it is a very competitive niche. Especially, the more general sites that you could possibly enter this market would be to have a niche about your code site.
So, maybe just you know voucher codes for health products or baby products or some very specific niche.
But, basically, the way this works is you create a site and offer lots of discount codes and in order for someone to access those codes, they have to click a button or something like that.
Then, you send them off to the merchants’ site via free thing. So, you’d create some voucher codes via your affiliate campaigns.
And then, when someone uses that code, then they’re able to track that sale back to you and you get your commission. So yet, the Full-Time site is a voucher code site.
As the name suggests, a comparison site is just a place where people can go when they’re looking for a certain type of product and allows them to compare prices and stock available to them. It allows people to find the cheapest price of any product they want.
Lay it out very nicely, so people can clearly see it. And, they know where they can get the product for the cheapest price.
You can make a comparison site similar to the voucher codes. But, make sure that you go into a specific niche that way you’ve got a good chance of getting ranked.
Benefits of starting an Affiliate Marketing Website:
There are many benefits of starting and scaling affiliate websites.
You don’t even have to work on your website when your article ranks on Google search results.
It’s free website traffic, month on month. Unlike other platforms that come and go, Google is not going anywhere.
So you don’t have to worry that Google will go out of fashion in a few months. People will keep on searching on Google.
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You get sponsorship opportunities, brands will start emailing you.
You’ll also be making money from sponsored links, sponsored reviews of any products.
Attract More Visitors:
You don’t have to worry about promoting your affiliate link. If your website is ranked on the first page of Google, then visitors come to your website and some of them will buy it.
You don’t have to promote your affiliate link to each one of them. One more advantage is that, if a visitor visits another post on your website, if you’ve written the post in such a way that will encourage them to buy, then some of them will buy it. It will benefit you the most.
Let’s Recap all things:
i) Definition of Affiliate Marketing.
ii) Anyone can learn Affiliate Marketing.
iii) Benefits of Affiliate Marketing:
- Home-Based Business
- Start with Little or No Experience
- Ability to track the effects of a marketing campaign
iv) Best Affiliate Program for Beginners – Amazon Affiliate Program.
v) Types of Affiliate Websites:
- Blog Site
- Food Marketing Site
- Review Site
- Voucher or Discount Codes Site
- Comparison Site
vi) Benefits of Affiliate Websites:
- Less Work
- Sponsorship Opportunities
- Attract More Visitors
Now, you know all about Affiliate Marketing from Definition to How to start it.
And, from How to start it to Make Money as an Affiliate Marketer.
If you have any kind of questions regarding this, then ask me in the comments.