Have you been anxious about earning income online? Or you’ve just set up an online business and don’t know how to start generating income from it? Worry no further after reading this article; you should be able to start earning income online from your online business via affiliate marketing.
Yea, you can really make money from affiliate marketing, it all depends on you. How committed you are, your experience and what value you have to offer. These factors will help you in building up a sizeable web traffic, which will serve as your marketing channel.
What then is Affiliate Marketing?
For the purpose of this write-up, I will explain affiliate marketing in simple terms as helping product owners sell their products, for which you are paid a commission which is usually a percentage of every sale through you. Affiliate programs are simply referral systems to which you can subscribe as a partner or associate. Upon approval as an associate, you can then begin to promote products or services offered by the Merchant. Most affiliate programs will give you a code or link to place on your website or social media page. Whoever follows that link to make a purchase is deemed to be referred by you. And you are entitled to a commission for such purchase.
Affiliate marketing may be viewed as one of the quickest ways to start earning income online since you may not have to create any product yourself. You simply refer a buyer to a product, and you get paid when that buyer makes a purchase.
How Does Affiliate Marketing Work?
When you sign up for an Affiliate program, you choose the products that you want to promote, you are provided with a unique code which you will use to refer buyers to the affiliate site.
Different affiliate programs provide different means for promoting their products, some come with ready-made banners and text links. When you paste the banner or text-links codes onto your website, you direct traffic to the products site. When interested buyers click on the promotional banners or text-links from your website, they are redirected to the product site, if they make a purchase or subscribe to a service you get a referrer commission.
You may not have to sell products all the time to get affiliate commission as there are different types of affiliate programs with differing payment terms:
- Pay per Sale: Is an affiliate program where a seller pays affiliate members a percentage of the products sale price when a purchase is completed.
- Pay per Click: In this type of affiliate program, you get rewarded for referring visitors to the Merchant’s website from your affiliate network, sale or no sale.
- Pay per Lead: You get paid if visitors you referred provide their contact information on the site by filling and submitting a contact form.
Why Earning Income Online with Affiliate Marketing is better
Affiliate marketing helps you in earning income online faster. Unlike other forms of monetization which requires huge traffic before you can earn a reasonable amount. Affiliate marketing is based on commission, for instance, 2% from a sale of $500 will reward you with $10 just from one visitor to your site. Whereas other forms of monetization will require over 10,000 visitors to earn you this amount.
If your website is new, then affiliate marketing is the right spot to start off earning online income.
Start Earning Income Online with these Affiliate Programs
To start earning income online with affiliate marketing, you should have a website that is generating traffic already. If you don’t have one yet, read our guide on how to setup your site. Write interesting articles that will make your site attractive to visitors. If your site attractive to visitors and you are generating a sizeable traffic, then you are on to earning income online. Below is a list of some affiliate programme you can start with.
eBay Affiliate Program – Ebay Partners is my first recommendation when it comes to affiliate marketing. The program is easy to join irrespective of your website traffic; you can also join even if you don’t have a website. You can share your affiliate links on social media, that sounds good right! But here is the shocker, you can earn from eBay affiliate program why browsing using the eBay Smart Share plugin. I am sure you want to join eBay partners right now, click here to begin your journey to affiliate marketing with eBay. See the detailed guide on setting up an affiliate shop using eBay affiliate partner.
Amazon Associate – You can also signup with amazon affiliate here, but the drawback with Amazon associate is that you have to apply and wait for approval. Your website must be suitable to the partnership program else your application will not be approved.
Wealthy Affiliate – You will find huge resources here on affiliate marketing while you act as an affiliate as well.
Tips on Becoming a Successful Affiliate Marketer
Having read the benefits of affiliate marketing, you may be thinking about how you can start earning income online via affiliate marketing. Well, take note that you can’t get rich overnight selling affiliate products online. Although affiliate marketing is an excellent way to earn online income, it is also very competitive. But if you are determined to be successful in Affiliate marketing, you will need to understand the tips and tricks, learn the best way to promote products, what works best and what doesn’t. Below are a few tricks that can help you in becoming successful in affiliate marketing, they are proven tricks I have learnt over time.
Choose few Products Related to your site content
Don’t be hasty to market many products, and don’t register with too many affiliate programs, choose one and look for good products you can market very well. Try to understand the products, the market and what the consumer of such products like to know about such products, this will help you in knowing where to lay emphasis when promoting such products. Promoting a single product or a single line of products can help your site rank better and higher, it will also help you to build trust with your visitors.
Use Several Traffic Sources to Promote Products
Sales are all about traffic if you are able to market to 1000 persons, at least 2% of that audience is likely to make a purchase, and the rest 98% certainly a fraction will return some other days. If you put the about into consideration, you see that you are far ahead of someone who made a contact of 100 persons and got 20% sales. To grow a sizeable traffic you cannot rely on your site alone especially when you are just starting out.
Since the more traffic you send to the sales page, the more your chances are of making a sale, therefore you have to employ other channels of publicizing your affiliate links. These include social media like Facebook, Instagram, YouTube Videos, Twitter. You can even make an advert with Google AdWords.
Keep an Eye on your Affiliate Campaign, Review when necessary
It is very important that you employ different product promotion strategies that way, you will be able to figure out what works well and what does not. Ensure you track and measure the success of each strategy you employ and make changes when necessary. Changing a few tactics in your campaign can boost your online profit unexpectedly.
Use Helpful Tools and ensure you continue to research
If you want to earn income online from affiliate marketing, then try to dig further. Find tools and resources that will help you to become more efficient in product marketing. There are so many resources on the internet to help you excel in affiliate marketing.
Making a sale online is more than a wish, you have to act and act in the right direction. Setup your site properly, optimized with keywords using Google keyword planner.
What are you thinking now? Whatever your take is, don’t hesitate to let us know using the comment box.