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How to make money from affiliate marketing is a question that has been bugging many people on the internet who are looking for ways to start making money online.
Affiliate marketing is simply a method of earning money on the internet by promoting other people’s products and services.
It is a win-win situation: you don’t have to produce your own product; you don’t have to create your own website, and you don’t have to deal with customer service issues.
In short, all you need to do is to attract prospects, send them to your affiliate link, and collect your commission from every sale. Sounds simple, right?
However, like most Internet marketing systems, affiliate marketing requires patience to reap its rewards. There are no overnight success stories here.
However, if you are willing to put forth enough time, effort, and hard work into your affiliate marketing campaign, you will definitely be rewarded.
How to Get Started With Affiliate Marketing
To get started with affiliate marketing, you only need a computer, a phone with an online connection, a bit of knowledge about the different tools and platforms available, and the willingness to learn and implement new strategies.
Types of Affiliate Marketing
There are basically seven types of affiliate marketing and they are as follows; Content Marketing, coupon site marketing, loyalty marketing, incentive marketing, review site marketing, email marketing, and traditional affiliate marketing.
Content Affiliate Marketing
This is the type of affiliate marketer that owns a website or blog and is ready to promote the affiliate offers through his or her blog or website.
This type of affiliate marketing is one of the best as they leverage writing content about a problem and suggesting an affiliate product as part of the solution to the problem.
A good example is someone that wants to learn how to build a website, that is a problem that the person would like to solve.
I could solve the problem by writing a step by step guide on how to build a website and recommend a hosting company with which I am affiliated, and since I am solving the person’s problem, he or she would definitely go with my recommendation and buy the hosting or domain name from the company I recommended. Everybody wins!
Coupon Site Marketing
Have you ever wanted to buy a product and you just wish there is a coupon code you could get to get a discount on the product? Websites that offer coupon codes to some products are often affiliated with the product.
People want to get a discount on even a $10 product, I want it too ):, websites that have the coupon are mostly affiliated with the product owners and would get a percentage in revenue when you use the coupon code.
This type of affiliate marketing works by promoting an affiliate offer to your audience and telling them you would reward them with something they want if they purchase or subscribe to the affiliate offer.
A good example is when you tell your audience to purchase a weight loss supplement that you recommend and get a bonus of an eBook that explains the 30 best ways to keep fit and healthy.
People would go through your affiliate link and purchase or subscribe to a product or services that they want because you also promise them to reward them with a book that they need, it is a good deal, I definitely wouldn’t refuse such a deal, would you?
Running an Incentive Affiliate Marketing means that you would tell your audience to go through your affiliate link and perform the intended actions, be it buying a product, subscribing to a service, email address, or a bank in exchange for scoring points which they can later use to purchase a product or services online.
Advertisers do not really like this type of affiliate marketing as it doesn’t provide quality leads.
Review Site Affiliate Marketing
This is one of the best converting affiliate marketing. Have you ever wanted to buy a product or subscribe to a service and you want to know the best you should go for in a pool of options? And you searched the internet for the best affiliate Market Network?
The result you see which shows the list of affiliate market networks and why they are the best is called a review site affiliate marketing.
All you need to do is review what people are searching for, and affiliate with the companies so when people make their choice, you would be there to provide them with your affiliate link and get a commission when they perform the action the advertiser optimized for.
Email Affiliate Marketing
This type of affiliate marketing is run by promoting affiliate offers to your email list. You do not have to have a website, but you are expected to have a good number of people actively on your email list.
Traditional Affiliate Marketing
Traditional media like television, radio, prints, and others are still a pretty way to reach out to an audience. This type of affiliate marketing is run by promoting affiliate offers through traditional media like the radio and prints.
The Four Process of How to Make Money From Affiliate Marketing
What is the process of Affiliate Marketing? What makes up affiliate Marketing?
They are; Vendors, Marketers, Deal Qualifiers, and revenue sharing.
A vendor should refer to as the product, company, and or service in which the product is set up so that the marketer can market it and sell it.
Marketers here is you, the affiliate. As a marketer, you need to promote and sell the affiliated product or service in order to earn a commission. No Sales or subscription, No Commission.
This is a process that determines what qualifies a marketer to receive a commission. This is basically the vendor saying that it would pay for an optimized action, be it sales of a product or subscription to a service.
This is what the vendor decided to pay the marketer as commission from any of the sales or subscriptions the marketer generates.
Affiliate Marketing Network
affiliate marketing network works as a bridge or connector between affiliates and merchants.
They determine the rules of the affiliate program and also the commission that they will give to affiliates who refer customers to the merchants.
Some networks also allow merchants to add promotional text and creative skins that are used by affiliates to promote the products and services on their sites.
Although many online brands now work directly with their affiliate partners, some choose to secede that work out in a separate setting known as an Affiliate Marketing Network.
These affiliate networks eliminate the need for the affiliates to interact directly with the vendor.
Top Affiliate Marketing Network for beginners
How to Get Started with Affiliate Marketing Using the Five awesome Steps
You can get started with affiliate marketing by following the steps below.
Step One – Choose a Niche
You have to choose the problem you want to solve if you write about cars, you are solving problems for people that are finding it hard to choose a car to buy, or if you are writing about health, you are writing to solve the problem of people who wants to be healthy. So the first step is to choose a niche, a place you want to dominate.
Step Two – Learn
Affiliate Marketing Platforms usually come with pre-written or pre-recorded tutorials and other resources for beginners.
For you to start learning how to dominate your niche and start making money, you can either join forums, read eBooks, or look for online support at Affiliate Marketing Websites like ClickBank or Commission Junction.
Step Three – Choose An Affiliate Network
The next step is to choose an affiliate network to work with. a network could have hundreds of affiliate offers from different companies which you can have access to as soon as you get approved by the Affiliate network.
Getting approval is easy as you just need to comply with their policy and meet their criteria which you can see on the application page.
Step Four – Earn the Trust of Your Audience
In order to make money through Affiliate Marketing, it is important to build a relationship with your readers or subscribers.
Through your blogs, social media accounts, and or platforms, you should let your readers know that they can trust your judgment because you took the time to create content that solves their problems.
At the same time, you should tell your readers that you would appreciate any referrals they may give you. Just like any ordinary business transaction, you need to ask for referrals.
As a result, you will be building a rapport with your audience, which is a critical step towards earning trust.
Step Five – Make Money From Affiliate Marketing Platforms
Once you have built trust with your audience, you can now move on to getting started with your affiliate marketing career.
As mentioned above, there are various Affiliate Marketing Platforms you can use for this purpose, but the most popular include Clickbank, Shareasale, and Commission Junction.
In this article, we have discussed Five essential steps for beginners to take when it comes to making money through Affiliate Marketing.
We looked at Choosing a niche, learning, choosing an affiliate network, building trust with your audience, and getting started with your affiliate marketing plans.
We also looked at using the various affiliate commissions, as well as the best affiliate marketing platforms. You now have a good idea about the things you need to do in order to start earning from Affiliate Marketing.
What I recommend you to do if you want to start with Affiliate marketing
Over the years, I have seen and read about people make lots of money from $500 per month to $10,000 and more per month. My teacher and Mentor Michelle Schroeder-Gardner is the best Affiliate Marketer I know, She was featured on Forbes as an Affiliate blogger who earns over $1 Million per year while sailing a luxury sailboat.
She has a course named Making Sense Of Affiliates, If you are serious about making money online as an affiliate marketer, you need to invest in her course, and if you do, you are some steps away from earning thousands of dollars monthly from Affiliate Marketing.
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