Start Earning Through Affiliate Marketing Today:
Affiliate marketing is a great way to supplement your passive income. Some people can progress so much as to make a complete living off the revenue from affiliate marketing. Lets understand how affiliate marketing works.
For example:- Suppose you have a website, blog or a youtube channel on which you have a strong user base. You write about a specific niche such as Technology or Fashion, etc. So you have users which are interested in that type of products. You would sign up with an affiliate marketing program such as Amazon Affiliate Network, etc. You will then sell those products on your website, blog and earn a small percentage of the sale as commission.
Here are some of the reasons why you should try affiliate marketing:
Easy to Setup
There is very low or none investment required to setup affiliate marketing. The only cost involved would be if you setup a hosting and domain for your own website. You can write the articles yourself or you can also outsource the write-ups.
No packaging, storage or shipping to handle
From storing to dispatching the product, everything is managed by the sellers. You don’t have to do anything and just receive your commission.
Work from anywhere
You don’t need any physical shop or a designated office. All you need is an internet connection and a mobile/laptop.
Given the above benefits, you would definitely want to try your luck with affiliate marketing. Lets check out the basic steps for starting your own affiliate marketing business.
Setup your Blog/Website/Channel for Affiliate Marketing
There are generally two types of websites that are suitable for earning good money through affiliate marketing:
- Resource Blog
- Reviews Blog
You can make a combination of resource and review blog.
A resources website contains all the information of products present in the industry and the products need to be updated on a regular basis. Your articles include the latest trends in the industry, overviews of new launches, post how-to articles, etc.
Whereas, a review website focuses posts reviews of products and services in the industry. People usually tend to check out the reviews of the products before buying them online and there’s a high chance they will use your link to purchase the product. The main advantage of a review website is that you don’t have to be constantly updating your blog. You can just do reviews of the major releases in your industry.
Pick your Industry
For affiliate marketing, you need your own channel – a website or a blog where you can post links and advertise your chosen products. You need to select an industry or niche that you are interested in. It should be a topic that you like researching and writing about.
Your Target Products and Services
Once you have decided a niche for your channel, start finding products and services that you want to promote on your affiliate website. Be smart to choose products with less competition.
Register with an Affiliate Network
Once you have good content on your blog and a good user base, you can finally setup your affiliate marketing program. Some of the most popular affiliate networks are Clickbank, Amazon Affiliate Programme, Commission Junction, and Linkshare.
Tie-up With Other Affiliate Marketers:
You should tie-up with other affiliate marketers in your own niche. This connection will help you to stay up to date with the industry and aware of the latest tricks. Being a part of such communities and discussions helps you to stay well ahead in your field. You can learn a lot when you interact with different affiliate marketers. Forums such as Digital Point help you to find and connect with other marketers.
Expand Your Reach
Now everything is setup and you can start earning money through affiliate marketing. All you need now is to promote and market your blog/channel so that you get more visits which in turn means more money. The website/blog should abide by SEO techniques so that you rank high in Google/Bing search results. You can also adapt modern methods of digital marketing to expand your reach to more people. These methods include:
- Providing free Consulatation
- Hosting free Give Aways
- Giving incentives to get people register to your website, etc
There are also paid advertising methods available if you are willing to shed some amount. These include: Goodle Adwords, Paid Facebook Promotions, Instagram Ads.
Create a PPC ad
PPC is short form for Pay Per Click ads. These ads are very useful for affiliate marketing purposes. Create a clear statement regarding your product and why people should buy that product. Make sure to use those keywords that will drive visitors to your website.
These are the basic steps required to start your own affiliate marketing business. You need to be patience as in other online businesses. But once you work hard and put good content in your blog, it will definitely serve as a good source for passive income.