The last big tip for success in affiliate marketing is to not solely rely on affiliate marketing forever. By this I mean you should be looking for new opportunities in how you can scale your earnings and business in size. Even outside of your own affiliate marketing efforts, there are plenty of ways to make money from home. Some of these methods can help inspire new ideas for products or services you can create to cater to different audiences.
Dependency: This is the biggest con, so pay attention! Affiliate marketers depend on the merchant to make their money. If there were no merchants or affiliate programs, the possibility of being an affiliate marketer would not exist. It even becomes more frustrating if for one reason or the other a merchant suddenly stops running the business or their affiliate program. This can potentially deprive the affiliate marketer of his one-time steady source of income.
A perfect example of this would be if you were trying to rank for something like “blogging” or “how to make money with a blog”. The two search phrases are similar but completely different in nature. There is no way to know what someone wants when they search for “blogging”, however if someone is searching for “how to make money with a blog”, it’s quite obvious.
This is wonderful book on Affiliate Marketing. Affiliate marketing is to partner your website with affiliates to promote their products and services, especially if those products and services are linked to your particular niche. This book tells you how do you get into it, and also how you can make money from it. It is purely a process of earning commission by promoting. There are also benefits of affiliate marketing is described in this book.
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.
It can be published as a book, and other people have already suggested what to include into ‘part 2’. As someone who has been asked by other people wanting to promote my products/serviced, I’d love to read about the merchant’s side of AM, e.g. various software that can be used, how to choose affiliate partners, what to include in the agreement, etc.
Once your hosting is set up, you need to install a content management system (CMS) for your site. We recommend WordPress because it is easy to use and a beginner (like you!) can quite quickly figure out how it works. Most good hosting providers will have a one-click install option for WordPress, which means it will only take you a couple of minutes and you will have WordPress installed on your site.
When a potential buyer clicks on an affiliate link they find on a website, purchases the product through the affiliate link, both the merchant and the affiliate make money. If the buyer is happy with their purchase and recommends the product or service to others or purchases it again, the merchant and affiliate multiply their chances of earning more.
Once you’ve got a topic and possibly some products to promote, the next lessons you’ll want to go through are ‘Finding and Registering a Domain Name’ and 'What to Look for in a Hosting Provider.' These will give you a hand with setting up your own domain name and hosting, and then you should have some help from your hosting provider to install WordPress.
If you’re writing reviews, you should 100% be using rich snippets (they add review stars to your search engine snippets and increase click-through rates). There are many WordPress plugins for this but my favorite is WP Rich Snippets. It’s $69/year (or $399 one-time) and I use it for every single review I write. They have tons of add-ons, settings, styling options, and looks nice. Free plugins like All In One Schema.org do work but lack settings, styling, and flexibility.
This literally changed my life… I moved out of my parent’s house (sigh) into a nice studio in downtown Denver, bought my first car (a Mercedes c300), adopted 2 kitties, and my credit raised 45 points. I also donated $3,000 to Red Cross at Hurricane Harvey. I’m a humble dude but in affiliate marketing, the numbers do the talking. So… I want to show you how I did it :)
There’s three good niches that will always remain popular for as long as human civilization exists. Those three niches are: wealth, health and relationships. Think about it, people are always interested in making money (wealth) and are more than willing to learn how to. Then you have health – people are always wanting to know how to lose weight, and so on. Relationships …well, those will always be around. Those are three long-term niches that you should look into.
Be sure to check what kind of customer support you can expect from your affiliate program once you have signed up. Do your research online and if possible, speak to other sellers using the program to get their thoughts. Can you speak to someone via phone or Skype or do you have to wait 72 hours for email responses? Be clear on this because trust me, you will need support at one point or another.
But I think the biggest deciding factor in this, goes back to the site as a whole and all of the other posts. Are the genuine? Is the blogger constantly trying to push products? I’d like to think I’ve been doing this long enough that my audience knows I’m not out to make a quick buck – and I think even relatively new bloggers can prove this based on their other content.