The Ultimate Guide To Making Money With Affiliate Marketing
If you’re reading this, then you’ve probably heard of affiliate marketing, and you probably know it can be an effective way to make money online. But how can you get started doing it? How much money can you really make? And what are the right strategies to implement in order to succeed with affiliate marketing?
This guide contains all the answers you’ll need and more. If you’re ready to become serious about making money with affiliate marketing, then keep reading. You’ve come to the right place. If you’re new to affiliate marketing, this guide will tell you everything you need to know about becoming an affiliate marketer. Even if you’re an experienced marketer, you’ll still pick up a few tips and tricks along the way.
Affiliate marketing is always changing, and everyone can use a bit of a refresher when it comes to being more efficient at getting more sales.
What is affiliate marketing?
Before we go any further, we need to define the term ‘affiliate marketing.’ Affiliate marketing is where you promote the products and services of others. In doing so, the merchant will give you a commission for every sale you make.
Usually, you will have to promote a merchant’s products or services on your website or blog through a special link they provide called an affiliate link. Whenever someone clicks on your special link to purchase a product or service from the merchant online, you get credit for that sale as the affiliate marketer. When you get sales from other people clicking on your special code to purchase a product or service from the merchant, you get credit for a sale as the affiliate marketer.
How much money can you make with affiliate marketing?
There’s no set limit on how much you can earn through affiliate marketing. It depends on how much effort you are willing to put into it. Many top professionals earn more than $100,000 a month with affiliate marketing. However, if you’re just starting out, don’t worry about making thousands of dollars on day one. The beauty of affiliate marketing is that it’s a process – the first steps in the process will be small. For example, if you’re promoting affiliate offers with a new blog, you may only make $5-$10 per day. Each month you’ll probably only make a few hundred dollars. However, as you build a bigger audience, your earnings will rise, and you’ll be able to move onto even bigger and better things – like earning enough money to quit your job.
Do you need to buy anything to become an affiliate marketer?
No. The only things you need are a website and your own audience. You can promote other vendors’ products and services via your own site, and you can promote it on other existing sites as well. You can also send traffic directly to the offer, but that’s usually frowned upon by many marketers because you’re not in control of the traffic flow. If something happens and you don’t own the site where the traffic comes from, you will end up sending traffic to an offer that may not pay you in the end. It’s okay to send traffic directly to the offer initially, but once you make some money, buy a domain and get hosting for it.
How does the affiliate company know that you made a sale?
his is usually done through a tracking link. Each time a sale is made, there’s a special tracking code associated with it. When the traffic you send clicks this link, the tracking code is transmitted to the affiliate marketer you’re partnering with. If they buy something, the affiliate company knows to credit your account with the sale because of the special link the person clicked on.
It’s always best to promote products and services that you’re familiar with
It’s much easier to turn a person into a customer if you know what you’re selling them. If you promote something that you don’t actually know or use, it will be harder to convince people to buy it. It’s best to promote a product or service that you already know and like. That way, you will be able to answer any questions they may have about it.
Avoid promoting anything that will tarnish your reputation
It’s tempting to make money as fast as you can with affiliate marketing, and that includes promoting some things that might be sketchy. For example, if you’re a blogger, this is a bad idea because it will ruin your reputation. Stick with promoting reputable businesses, and you’ll never have to worry about your brand being tarnished.
How to get traffic to your affiliate offer?
Now let’s turn our attention to the most crucial part of affiliate marketing, and that’s how to get traffic to the offer. After all, without traffic, you’ll have no sales. Don’t expect that how you get traffic, in the beginning, will be how you get it throughout your affiliate marketing career. Many new marketers gravitate towards free sources of traffic and then move onto paid sources once they earn some money.
Which traffic source is better… Free or Paid?
The answer to this question depends if you have any money to invest. There are hundreds of different ways to get traffic, and it’s best to use the free ones in the beginning. However, if you have a few thousand dollars to invest, paid traffic is the way to go. It’s probably best that you start with free traffic even if you have money because you need to learn how to convert people into customers. Free traffic gives you an unlimited resource to learn with, and the only investment you have is your time and possibly a little money in the form of creating a website.
Here are the most common ways to get free traffic for your offer
Social media sites – Facebook, Twitter, Pinterest, Instagram, and so on. You can create an account on each platform and publish posts about your product or service. Interacting with people on social media sites is a great way to get traffic because you’re giving them valuable information. They should trust you and possibly share your posts with their friends as well.
Article marketing – Some platforms like EzineArticles let you publish your content for free. You can post your articles here and write about the product or service that you’re promoting. This is another excellent way to build your reputation because people will see you as an expert in your niche.
Blogging – Some people make thousands of dollars every month through a single blog. Though, this won’t happen overnight. It takes a lot of hard work to build traffic and monetize your blog. Start with a small niche site and see where it takes you. Then, you can start to pivot it into another niche if you’re successful.
Guest posting – This is the same concept as blogging but with a different angle. Instead of posting on your own blog, you’ll be posting on other people’s blogs. You can do this by reaching out to blog owners and asking if you can write a guest post for them. It’s crucial to pick a topic that the blog owner will be interested in. In exchange for posting on your blog, you can offer them a link.
Pro Tip: When writing guest posts, don’t pitch your own product or service. Instead, link back to your blog so that you get some SEO benefits from Google. The whole purpose of guest posting is to build authority in your niche for both you and your blog.
YouTube – Similar to blogging, you can create videos about your product or service and then share them on YouTube. You also get to put a link in the description. The key thing here is to create useful content that people will watch for years to come. You can create a video today and make money from it for years down the line as long as people find it useful.
A few things you should know about paid traffic sources
There are a lot of paid traffic sources like Facebook, Adwords, and YouTube. Each of these traffic sources will have their own set of best practices that you should follow. For example, the best practices for Facebook are very different than the best practices for Adwords.
How to promote affiliate offers on Facebook ads
The Facebook advertising platform is a great tool to use when promoting affiliate offers. You’ll just need to create an ad, add your creative (text, images, etc.), and then target the right audience.
Once you’ve created your ad, it’s time to run a test. You want to test the ad creatives you’ve built to see which one works the best. You can do this by running a single ad test, a head-to-head split test, or a full campaign split test. Facebook won’t allow you to send traffic directly to the offer, so that means you’ll have to first send it to a landing page or a blog post.
Adwords can deliver a ton of high converting Google traffic
Adwords, like Facebook ads, won’t allow you to send traffic directly to an affiliate offer. You’re going to have to send them first to a page with content on it. However, Adwords can deliver what seems like an almost never-ending amount of traffic. This can be a positive thing, but it sure is not cheap.
The main reason that Adwords can deliver so much traffic is that you are bidding against other advertisers. As an advertiser, you can bid on keywords that you want people to click on. When people search for a keyword that you’ve bid on, your ad will show up in their search results.
Bing has less traffic volume, but the prices are more reasonable
Bing has less traffic volume than Adwords and Facebook, but the prices are much more reasonable. This can be an excellent way to test out an ad if you’re on a budget. The key is to target the right keywords so that you get the traffic you want. You might find that Bing is slightly less strict than the other ad platforms. That’s not to say you should try to break the rules, but they might be more open to you sending traffic directly to an affiliate offer if that’s something you’re considering.
The best practices of YouTube ads
YouTube ads are always a popular topic because most marketers want to know how to make money with them. Many people don’t know that Google has their own ad platform that they use for YouTube. There are a lot of people making money from YouTube ads, but it’s an extremely competitive market, and you’ll have to try very hard to get your ads shown.
The first step is to create a video. This video needs to be interesting and something that someone will enjoy watching. Once you’ve created the video, it’s time to create an ad. Make sure that your ad is relevant to the video, and don’t use any misleading clickbait. Once you’ve created your ad, it’s time to run it on YouTube.
Buying advertising is risky because most people can’t convert it
Not everyone will be able to turn all of their traffic into profits. In fact, most people won’t. If you’re a complete newbie, you must create a budget and understand how much money you actually need. An affiliate marketer’s job is not to try to spend as much money as possible. It’s to make as much money as possible from the traffic that you do buy. It’s always a good idea to start small and test out an offer with a small budget. Only once you have seen that it converts into sales should you increase your budget.
Landing pages are a great idea for both free and paid sources of traffic
What is a landing page? A landing page is a webpage that you promote to the traffic that you send. The purpose of this page is to get them to sign up for your newsletter, download an offer, or make a purchase. It’s a page that the person lands on before they end up going to the affiliate offer. The landing page is what convinces the person to buy what you’re trying to sell them.
Sending traffic to an affiliate offer without a landing page rarely works
If you’re sending traffic directly to the affiliate offer, it’s very likely that no one will buy because they won’t know why they should. They won’t know what you’re trying to sell them or why they should buy it. That’s why it’s important to have a landing page for each of your offers.
How to create a landing page that converts traffic into sales
You can use a website like Instapage or Clickfunnels to create your landing pages. Some marketers don’t like this option because it costs money. However, if you’re launching your career as an affiliate marketer, this is probably the best option. You can test new landing pages, understand what works and what doesn’t. It’s much easier to tweak a landing page than it is to tweak an ad. With that said, there are plenty of ways to create landing pages for free. You just have to be willing to invest your time into creating them.
You can create a landing page for free using WordPress
WordPress is an incredible platform for building landing pages. It’s adaptability to different themes and plugins makes it easy to build a landing page in no time. You don’t need to be a designer or know how to code. You can buy plugins and themes that are specifically designed for landing page creation. If you search the WordPress repository, you’ll probably find some free tools to make landing pages for free.
Split testing is the way you know what landing pages work best
When you create a new landing page, you’re going to want to test it out. You can test your landing pages in several ways, but the most common is to run a split test. A split test is when you have two different landing pages, and you send traffic to each of them. You then track the conversions and see which one converts better. You can then create another landing page to test it against the other one that has better numbers.
The copy on your landing page is incredibly important
If you’re going to spend time creating a great landing page, you should also spend time writing great copy. Don’t just write about the product or service that you’re promoting. Instead, write about the benefits to the person that you’re trying to sell your product to. This is a key concept in affiliate marketing. You’re not selling a product, but rather, an idea. If you can convince a person that what you’re selling will improve their lives, you’ll make the sale.
Never fall in love with a landing page because you can always improve its conversions
No matter how well your landing page converts, you can always improve it to squeak a few more sales out of it. You can test different headlines and different copy to see which works best. The key here is to never settle for what you have because you can always make it better. Just don’t get too worried about it. It’s always a good idea to leave time between your split test to see how the new landing page converts.
How to scale affiliate marketing to earn more money
Scaling is important because you’ll eventually reach a limit on how much you can earn with one or several traffic sources. There are only so much Facebook ads you can run. There are only so many guest posts you can write, and there are only so many emails you can send. This is why it’s essential to scale your affiliate marketing. The key thing here to understand is that you’re limited to only what you can do.
You must understand how to make affiliate sales before you can scale
Scaling requires you to have a firm grasp on how to get affiliate sales. That means you must be an expert in the traffic generation method that you’re using. For example, if you’re a blogger, you must be able to create a blog from scratch and get affiliate sales from it. If you can’t, you’re not going to be able to scale your business because you need to teach people how to do what you’re doing. At the very least, you need to be able to assign tasks to people and be able to tell them what to do.
The first step in scaling your business is to determine what tasks you need other people to do
Now you’re not merely a marketer; you’re the CEO of your own marketing company. You take everything that you’ve learned about affiliate marketing and break up the individual tasks, and have others do them for you. This means you’ll need to assign tasks such as social media marketing, guest posting, article production, and even content creation. These are all important tasks that you need help with if you want to scale.
Then, you’ll need to have each employee do what you tell them to do
Once you’ve assigned a task or set of tasks to your employees, it’s now their job to complete them. If people aren’t doing what they’re told, then that’s on you. You need to be able to assess their work and provide the necessary feedback. You can also give them new tasks, but you need to make sure that they’re in line with your business’s overall mission.
You can use freelancers at the beginning
Freelancers are people who have the skills that you need to grow your affiliate marketing business. Some freelancers can help you with content, graphic design, and even coding. Many of these freelancers will work on a small project by project basis.
Offer to hire the freelancers who do a good job
Once you’re done with a specific project, and you feel like the freelancer you worked with did good work, then it’s time to offer them a full-time job. This will be a win-win for both of you. You don’t want them to get a job offer from someone else, and they end up taking it. Great freelancers are hard to find, so when you do find one, snag them up.
Let’s talk a little bit about tracking before we wrap things up
As you begin to make sales, you’ll want to track them. If you’re buying advertising, you’ll want to know where your sales are coming from. Why? You need to know which sites provide you with the highest quality traffic. You will invest your advertising dollars in the sites that send you the most customers.
Don’t think that you shouldn’t track the sales from free traffic. How do you know if Facebook is sending you more sales than Pinterest? You must know which social media sites send you the most sales so you can spend more time on them. If you’re making more money with your blog than your Twitter account, it makes sense that you’d spend more time writing blogs than Tweets.
Tracking software is expensive but necessary
Some will say that if you’re using free traffic sources, you don’t need to use a tracker. That might be true initially, but as you make money, you’ll begin to understand that your time is more valuable than money. Tracking software will allow you to see which traffic sources send you the most sales and which ones aren’t.
You want to make sure that your time is being spent on the things that will make you money. You probably aren’t going to stop sending traffic to your old source that isn’t working, but you can reduce the amount of traffic you send to it, so your time is focused on the working sources.
No matter what people say, affiliate marketing is never going to die
Affiliate marketing is a business model that people have been using for years, and it’s not going anywhere. It’s actually becoming more popular, especially since you can earn money with free sources of traffic. Although there are people who say that affiliate marketing is a scam or that it’s dead, none of these people have anything to back up their claims. As long as companies need customers, they will offer marketers good money to get them.
A few final thoughts on affiliate marketing
Affiliate marketing is one of the most popular ways to make money online. It’s a great way for anyone to build their own business and earn money without going into debt. There are tons of options for traffic as well, so you can really grow your business however you want. It’s a great business model that you can rely on for the rest of your life. Affiliate marketing will work no matter where the economy is at, so it’s a great choice for anyone who wants to create wealth for themselves while also creating wealth for the companies that they’re promoting.
The people who have the most difficulty with affiliate marketing are those who want to work as little as possible and think they can earn a ton of money. Nothing in life works that way, and affiliate marketing is no exception. It’s not a get-rich-quick scheme. It’s a legitimate business model that will help you achieve financial freedom if you understand the model. There are plenty of people who hate affiliate marketing because they don’t understand it. Once you know how it works, you’ll be able to grow your business in a truly scalable way.