Your ultimate goal as an affiliate marketer should be to outsource all the work while you collect a paycheck each month. My website DogFoodInsider.com is 100% outsourced at this point. There is always someone willing to work for you. From writers on Constant-Content.com to programmers on Elance.com to odd jobs on Fiverr.com – the sources you can use for outsourcing is nearly limitless.
I really believe that starting an affiliate business from home is a great idea for everyone interested in making money with their passions. Whether you’re like me and go sick of the daily grind and want to find some freedom and independence, or you are just looking to make a little extra money on the side, starting an affiliate business from home is a great idea. So follow my tips and seek out the help of some experts like Wealthy Affiliate and you’ll be on your way to success in no time!
Another consideration to take into account is price point – what is your audience willing to pay? Believe me; you're unlikely to make sales promoting products and services that are outside of your audience’s money comfort zone. Honestly, it took me a long time to narrow down who my target audience was, but if you’re focused and take the time to do the research, it shouldn’t take you that long to figure it out.
If you’re planning to create content on your own, you’ll have to commit to it wholeheartedly because the life of your affiliate marketing business relies on regularly-published content. If you’re planning to hire someone to craft the content for you, that’s totally OK too. Either way, here are awesome tips you could follow when it comes to creating content for your affiliate marketing site:
I will give you a very simple example. Let’s say you build up an audience of 50,000 readers and out of that 50k you have about 1% that trust you (1% of people that trust you online is actually very huge), so that equates to 500 readers. Out of that 500 readers you will have about 10% that will buy your eBook and other affiliate products, so 50 people total. So, if you are selling your eBook for $10, you will make $500. Of course it doesn’t stop there, those people that buy the eBook and like it will most likely recommend it, and you will have a snowball effect where more people keep buying your book and other affiliate products. This is just a rough example that shows you some realistic numbers. Do not ever think that if you build up a huge number of readers that they will all trust you and buy the products that you promote; if it was that easy everyone would be a millionaire by now.
If you’re lost which idea you should be checking out, stick with what you know, what you’re passionate about, and products you can’t live without. Whether you’re planning to expand a generic product (such as “fitness toys for dogs”) or focus on a specific brand (such as FitPAWS), it’s essential that you know what the competition is like if you decide to go through with such a topic.
Michael, great article–lots of good solid ideas to get my affiliate (& my rear end), up and at it!! Also, love those falafels too! I am in the process of building a website that will have approximately 8-10 products offered over time. The products all come from the same niche. Do you think this type of site can have good success as well, or do you think just focusing on one product per website is the way to go?
If you write honest reviews, you will get something that SEO can’t provide, good word-of-mouth. Having good recommendations passed from friend to friend is important for every product, but it can really make or break a niche site. If you pick your niche well and create a reliable site that is full of good information, then you can be sure that the first people to come across your site will spread the word to their friends. The word-of-mouth effect is great because it compounds. In other words, one friend tells two friends and then those two each tell two more and so forth. The pattern continues until you saturate the market and become king of the niche.
One of the disadvantages of working with a network is that they charge a commission, which is normally up to 30% of what you charge affiliates. For example, this is how it works: Brand C affiliate program might sell $1 million of clothing. They pay their affiliates 10% commission, so the total commission of the program would be $100,000. The affiliate network would then charge 30% override on this figure so the brand would pay $130,000. The affiliates would get the $100,000 commission and the affiliate network would get $30,000 override.
Look for a gravity score of 30 or more, because these products have a proven track record of selling well for a number of different affiliates. Products, especially new products, with gravity scores under 30 may work but are more risky. Gravity scores of greater than 100 mean the product’s popular. You could have competition, but don’t worry about that. The important thing is that there’s lots of demand.
Many affiliate programs will often run promotions with good discounts or giveaways that might be attractive to your audience. For example, if you're an Amazon Associate and the site have a big Holiday Sale, it would be the perfect opportunity for you to promote discounts to your website visitors. This is a great way to promote your offers while also providing good value to your audience.
Making Sense Of Affiliate Marketing – An easy to follow online course that teaches you the ins and outs of affiliate marketing. It’s written by Michelle Schroder who makes $100K+ a month from her blog. A genuine super affiliate that shares her success stories and affiliate marketing techniques with her community both on her private Facebook group and on her blog.
In case you want to generate some kind of passive income and you are good in marketing and advertising skills then you can accept the offer of an Affiliate Merchant and can advertise an item for him or her. This will help you earn money online and for this, you need to actively advance, promote and advertise the products or services of your Affiliate Merchant through an associate/affiliate system. If people purchase the product of your merchant because of your promotion and you gain some commission then you are a successful Affiliate Marketer
2. Can I have more than one affiliate link for the same product on my site? Eg a link for people who want to buy off amazon (say because they have prime) and another that links to the manufacturer or some other affiliate for people who want to buy direct (or don’t care where they buy from). My concern is that more people will want to buy from amazon but the commission is lower.
Firstly, pick a topic that you’re interested in that also has a lot of market potential. Think of something that you like, and consider whether there would be many products associated with it, or much of an audience. You can find a topic (or “niche,” as affiliates call it) with a little research. You’ll find lessons to help you with this process in the market research section of Affilorama’s free lessons.
1. Is there nowhere to promote it within USA? The US is going to bring the lions share of traffic for most products so I’d prioritize promoting to them above anything. If you prefer the Canadian network because the payouts are higher/you have a relationship with them/whatever then you can Geo target your affiliate link. That will send Canadian traffic to your CA link and American traffic to your US link.
If you are interested in learning the process behind building a WordPress website then you should look at Learn how to Build High Quality Affiliate Websites. This will help you not just learn how to promote but also get you going with setting up the wordpress website and then promote relevant products. Andrew’s course is a Bestselling Course and we have no doubts why. The following pointers should help you make up your mind. Think of this program like going to affiliate marketing school.
DSIM’s course is the most sought after course an institute can offer you. DSIM’s MDM (Masters in Digital Marketing) course is India's 1st Hybrid training program which is a combination of 4 different courses in one. It delivers 36 modules and 15 certifications(Facebook, Google, Rankwatch, HubSpot etc.). You will be getting sessions from Internet Millionaires and founders of renowned companies. They'll start teaching you from the basic and then move on to the masters level.
Every affiliate program offers different commission rates (along with rules that you should know). For example, some programs give out 20% commission, but only on the exact product you posted on your site. In other affiliate programs, you’d receive commissions from any product sale the referred person bought from the store, as long as he/she completed a full checkout within a specific period of time. For example as an Amazon Associate, you are given a 24 hour cookie window.
For a slightly different take on the subject and figuring out how to get targeted traffic onto your promoted links, you must have a look at Affiliate Marketing: Instant Traffic to Affiliate Links. A quick look at the reviews will help you decide if this is the exact course you are looking for. Sometimes the right approach is what is required to make a campaign work, this one might just work for you.
There are so many benefits to building an affiliate marketing business. Some of which include that it is low-risk, cost-effective, easy to track, and most importantly you don't actually have to create anything on your own. Rather, your job is only to create epic content that recommends products and services, based on your own experience. It's a win-win.
You need to think of affiliate marketing as if you were a business owner. This is the mindset shift that you need to make. Affiliate marketing is a real business and you need to treat it as such. Research shows that over 80% of brands utilize affiliate marketing. A brand isn't built overnight. It requires time, patience, hard work and discipline to build a business from the ground up. The same goes for an affiliate marketing business.
ShareASale has been in business as an affiliate marketing network for 18 years. Their technology has received accolades for speed, efficiency and accuracy and they have a reputation as a well-known, honest business within the industry with over 3,900 merchants. Payments are made automatically on the 20th day of each month when your account balance reaches $50 or more for the previous months’ transactions.
Split testing is a no-brainer, but it’s something many affiliate marketers still forget or neglect to do. The concept here is simple… if you have a generic landing page or offer you want to promote, you might start by testing that offer to the masses. Once you get some stats and traffic flowing through your offer, it would be a good idea to test a different landing page or offer with that same audience.
I was able to make my first online dollars through Amazon Affiliate sales… It was never much and in the beginning I was just excited to make $10 in a month, which was enough for a free ebook or two. With regular updates and link inclusions in my posts over time I was able to grow the number up to like $300 a month–which I was pretty happy with. Of course the payout rates are paltry compared to a sale of an info product like one from Unconventional Guides, etc. Thing is, people seem to be more open to purchasing physical products rather than information products…