Thats a great point, and I’ve definitely seen my fair share of those “how to start a blog” posts. That’s always been a good fit for people at Location 180, and if they do a good job on the post (truly make it useful) that’s one that doesnt bother me as much – solely because I know how valuable starting a blog can be for your life and goals. So if it’s some personal finance blogger that creates one and you start a blog from that by following their tutorial – all the better!
5) Marketing Effort Done – Marketing your website everywhere helps in increasing traffic to the site. And when traffic shoots up, more people are able to read your content and decide if the product or service you’re promoting is worth checking out. As a result of the amount of marketing effort you commit, your chances of earning commissions increase with every person that visits your site.
It is a very good idea to use different product promotion strategies so you can figure out what is working and what is not. Try to do split testing and measure the performance of each campaign then take actions accordingly. Changing a few things here and there can increase your profit dramatically. Make sure to place the banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others.
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.
I think the most important thing to decide when you are just starting building your affiliate business from home is figuring out your niche. We all have special knowledge that can be shared with the world. Whether you can offer great parenting advice, explain to people how to rebuild a carb, or love watching sci-fi movies, no matter your interest, you have an expertise. Figuring out how that expertise applies to a market niche will not only give your brand authority and help you sell related products, but you’ll enjoy what you do every single day. I have a range of affiliate websites that delve into my different interests and expertise areas, so I’m always excited to get to work and share my knowledge with my audience.
To put it in simple words, Affiliate marketing involves promoting others’ products or services in exchange of a commission. The commission is the percentage of total sale and can range from 5% to 100%. You can promote through different methods like websites, emails, social media etc. Affiliate networks acts like middlemen in the process and track sales as well as commissions .
Now, truth be told, affiliate marketing does come with some costs. Fortunately, those costs are rather small when compared to starting other businesses. For example, if you want to succeed with affiliate marketing in the same way that I teach it, you’ll need a website. In order to have a website, you need to pay for “website hosting”. If you don’t know what website hosting is, don’t worry, we’ll get to that, but website hosting does cost a few bucks per month (generally under $10 / mo). If you have about $40 for startup costs and about $10 / mo for recurring expenses, this is entirely doable. There are many other optional expenses for affiliate marketing, which I will also get into, but those optional expenses are used more for speeding up the path to success (outsourcing, etc.) rather than a requirement for success. When I first started my affiliate marketing business, I had about $200 to my name.
However, affiliate marketing isn’t just about marketing your partners’ goods, or at the very least it can be about much more than that. Affiliate marketing is also an opportunity to create your own website or some other form of content and get paid to do so, because you’ll be running ads and providing other links to things your audience will genuinely want to buy, at least if you combine your affiliates and your interests correctly.
If you try to sell a product that is in low demand then chances are that you are not going to get many sales no matter how hard you try. So it is a good idea to spend a bit of time researching and finding out if a product that you are thinking of promoting is a product that your audience needs. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors.
Review : I’m really happy that I bought this course. Theo was so informative and had really good explanations. I loved how she walked us through setting up our blog step by step which really helped me and also motivated me to get it done. It made starting my blog less overwhelming for me to see her steps on Word Press. She was very thorough and I feel a lot better about it now. She even is responsive on the Facebook group. Would definitely recommend this course! If anything could be changed, I would just want to see even more steps on the word press side as far as physically setting things up. Thanks for a great course Theo! – Jamie Banks
With all of this in mind, you also need to understand that affiliate marketing is not some get-rich-quick system. It’s a business. A real marketing business that will take some time to grow. All of the resources you need in order to succeed are listed above, but don’t expect overnight success. Give it a good 6 to 12 months and about 10 to 15 hours per week working on your business. If you do that, by this time next year, you should be an affiliate marketer yourself, at the very least making a nice secondary income. If not, in a year from now, you’ll be exactly where you are right now. Focus on the long-term and keep going with sustained effort. Of course, I’m always available as well if you ever want to contact me. I never charge a dime. 🙂
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.
Self-supporting or not, students like you do need money! Aside from tuition and other miscellaneous schooling expenses, there are other things that you’d need money for: projects and other school requirements, educational trips, books and gadgets that can help make studying a lot easier, etc. You don’t want to bother mom and dad who also have other expenditures to worry about, and you don’t have time to get a part time job. Still, YOU JUST NEED THE MONEY!
I come from a quite unsuccessful background of web design/SEO. I blogged because I knew it was good for SEO, but my articles never had a purpose regarding monetization. I finally took a leap of faith and dropped my clients to figure out blogging/affiliate marketing. I was good at website speed optimization and knew hosting was the #1 factor. Looking for the best, I saw SiteGround was rated #1 in multiple Facebook polls and had a great reputation with generous affiliate commissions. So I wrote detailed tutorials on website speed… how to configure WordPress cache plugins, hosting reviews, and other speed-related topics. Usually near the end of a post I would say “Oh, and here’s why you should switch to SiteGround” with evidence on why they’re the best… Facebook polls, Tweets, load time improvements, etc. That’s when things got good. I’ve been broke my whole life and it’s my calling to show people how do this.
Paid ads should be your last step in marketing your range of affiliate products. You want to make sure you’re in a money-making niche and have a roster of products proven to sell, as well as proven sales funnel that compels your prospects to buy. That way when you invest the money in a paid ad, which can cost hundreds and thousands of dollars, you’ll see a decent return on investment.
Hey guys. Great post with detailed, actionable content. I would like to add my ‘2 cents’ if that’s ok. You are absolutely right with offering a ‘free gift’ in exchange for someone’s name and email address but I have found short reports have worked best for me. If you give away too much information for free they don’t tend to get consumed so the trust isn’t built with your subscriber. Your free gift is the first point of contact with your prospect so it’s unlikely they will read an entire ebook but if you give them a short report which they are able to consume in about 20 mins and they get tremendous value from they are more likely to listen to you in the future and buy your recommendations. A big mistake i see a lot of affiliates make is the content they use for their free giveaway. They think just because it’s given away for free that they can just throw together some PLR material and use that. Unfortunately that doesn’t cut it these days and will damage your relationship with your prospect rather than strengthen it. The best way is to carry out some research in your marketplace and see what pains and frustrations your prospects have and create your free giveaway around that.
With the ability to run my affiliate business from home, I don’t have to deal with rush hour traffic, office politics, and most importantly, it gives me more time to spend doing the things that I truly love to do. Making the lifestyle change from working the brutal hours I was working as a long-haul truck driver meant everything to me, which is why I am passionate about helping others run their affiliate business from home. Trust me, if I was able to start earning a full time living through affiliate marketing, so can you. No, it won’t be quick and no, it won’t be easy, but it can work for anyone who is willing to put in the time and effort required.
CharlesNgo.com – Charles Ngo, a well-known and respected Internet marketer, shares affiliate marketing strategies that help people work smarter, not harder. His blog posts cover how to launch an affiliate marketing campaign, why offers aren’t converting, how to get things done in a distracted world and much more. He suggests the best books to read on the subject and provides his own advanced training called the AFFcelerator Program.
Shortly after the creation of the World Wide Web (WWW), a new breed of business entrepreneurship took hold in America and throughout the world. Pioneering affiliate networks like ClickBank saw the potential of a new type of product that with time could rival oil, coffee, gold and any other commodity known to humanity. The product in question is information, and thanks to the internet anyone anywhere in the world has the potential to become an information entrepreneur; i.e. an infopreneur.
One of the most sought after and highly recommended course is this one on Guide to Effective Affiliate Marketing Strategies by Kudus Adu. Not only does he focus on create an affiliate marketing strategy, he focuses on best practices to create money pages, tells you how to build your email marketing list and how to profit from it. He clearly asks people looking for ‘get rich quick strategies’ to stay away from the course.
Test your ideas. The cool thing about affiliate marketing is that you don’t have to build a website first to find out if your idea is viable. Instead, you can join affiliate networks, browse products that fall under your chosen niche, and conduct research to see if these products would “sell.” Find what is trending online to see what ideas would bring more money to the table.
Sometimes, individual entrepreneurs with great products are worth a look, although you should check them out first and do some research. Entrepreneurs or companies may run their own affiliate program and you can apply directly to them to promote their products and services. Finally, Amazon is always an option as you can be an affiliate for just about any type of physical product on their network.