Are you looking for a way to earn a side income, or maybe you’d like to get into affiliate marketing as a primary means of income? In both cases, arming yourself with affiliate marketing knowledge will help you start off on the right foot. Then, having established strong foundations, you can work your way to the top.
Here’s everything you need to know in a nutshell.
Affiliate marketing means that you, an affiliate, earn a commission every time someone makes a purchase through one of your affiliate links.
Your job as an affiliate marketer is to promote the product or service of a brand. In return, they will share a percentage of the profit they earn from your efforts.
The most popular way to do affiliate marketing is to create a website that specializes in a certain topic. Alternatively, you can use affiliate links on social media if that is your preferred promotion medium.
You can often sell an affiliate website for a decent amount, especially if you’ve managed to attract a dedicated audience and see a steady influx of traffic, which makes this form of marketing a very lucrative one too.
You will first need to choose a niche you want to work in. Ideally, you’ll want to promote products or services about which you’re passionate and knowledgeable. For instance, if you have a pet, you might want to get into that niche.
You can, of course, choose a niche you are not familiar with, as long as you are prepared to take the time to learn.
Some affiliate niches are more lucrative than others, so you can also check out what kind of a commission you can hope to earn before making your choice.
Once you’ve settled on a niche, you’ll need to check out what the competition is like. Are there plenty of other websites that are competing for the same keywords and topics? Are there many affiliate marketers running ads and promoting products on social media?
You won’t be able to find a niche that is very easy to succeed in, and you will most likely need to devote some serious time to research and content production. However, by knowing what the competition is doing and what your target audience really wants from a product or a service, you’ll get a bit of a head start.
Depending on your niche, there will be numerous affiliate programs you can become a part of. Amazon just happens to be the most famous one, but it is by no means the best-paying anymore.
Note that you can work with more than one brand – you don’t have to settle for a single affiliate marketing program. Just make sure that you are not violating any terms, and carefully read the fine print before signing up.
The time has come to start producing content. If you have settled on the blog as your medium of choice, you will need to publish quality articles consistently. That means at least twice a week. The more you publish, the better, but always focus on providing value first.
There are numerous ways to figure out what to write about. You can use a keyword research tool, or you can use Google to figure out what people are looking for.
If you plan on using social media, get as active as possible. The more followers you have, the better. So, do your best to post regularly, engage your followers, and start commenting in groups and on other people’s posts.
You will also need to figure out how you’ll be promoting your efforts. If you’re just running a social media campaign, your medium will also be your promotion channel.
If you’re a blogger, though, consider running paid ads, social media ads, and getting active on social media, too. Higher traffic generation means more sales potential, so don’t forget to factor in promotion time into your calendar.
Fortunately, the web is full of different promotion avenues. You’ll certainly be able to find something that you are good at and that works for your specific niche.
Affiliate marketing can be a great and long-lasting way to earn an income, especially if you find a niche that has a high commission rate that you are already passionate about. Before diving into it, make sure that you’ve done some extra research