First of all, let’s explain exactly what Affiliate Marketing is for those of you that may be unsure what it is all about and then how to make money online with Affiliate Marketing.
Affiliate Marketing is the process of advertising another companies product on your own website and earning a commission when that customer buys the product or service via your advert.
The Affiliate Marketing business model is made up of four parties.
The Merchant, an Affiliate Network, the Affiliate and the Customer.
Whenever the Affiliate sends a customer to the Vendors site and the customer completes whatever task is asked for, whether it be buying a product, giving up their information in the form of an email address or just clicks on a link provided by the vendor, this, in turn, generates income for the Affiliate.
How To Make Money Online With Affiliate Marketing
Now that you are clear what Affiliate Marketing is all about let’s move on to some of the many benefits of why Affiliate Marketing is one of the best ways to make money online.
The financial outlay to get into Affiliate Marketing is very low.
In fact, you could, if you so choose, end up not spending any money on promoting affiliate products.
This was the way of doing it in days gone by. All you had to do was to simply promote a vendor’s products or services using, free classified ads, a free blog platform such as Blogger or WordPress. or Article Marketing
Although these practices are still viable, consumers have become more choosy when it comes to buying anything on the internet.
They will usually take their time and research what they are looking to buy and studies have shown it can take them seven times of viewing an item before they decide to actually make a purchase.
While Affiliate Marketing is still one of the best ways to make money online, it becomes more viable to have your own niche website.
This gives you the ability to exchange something of value to your customers for their contact information such as name and email information.
This will also give you, the affiliate, the opportunity to inform your visitors about the benefits of purchasing the product or service they are researching.
For example, you may build a website about kiddies toys and maybe early learning toys.
You write an article explaining the benefits these toys have on growing children and then place an advert from a company that has an Affiliate program within your article.
The reader is interested in the toy you are showing and click on the advert.
If they take the process the full cycle and purchase from your advert you will then receive a commission from the toy company for the sale.
One of the greatest reasons why Affiliate Marketing is such a good business to get into is the fact that you are not scratching around trying to promote your own product.
There are no internal or external costs involved, as the company takes care of all post and packaging.
Why be an Affiliate Marketer?
Affiliate marketing is becoming one of the world’s fastest growing and best internet marketing techniques to earn a living online.
The reasons are:
- Cost Effectiveness: Internet Marketing is cheap and there are no worries about production costs. You are working on your laptop and on your own so don’t need an office or employees.
- There is a Global Market: With a website, you have the opportunity to reach people all over the world and that reach is in excess of 3 billion surfers every day of the week.
- No Costs to start. There are no joining fees to acquire an affiliate account.
- No Posting or Packaging: All the storage, packing or posting of the product is taken care of by the seller.
- No Customer Queries. All customer support is handled by the company you are Affiliated to.
- Regular Income: If you have a 9-5 job you get paid as long as you continue to work. With Affiliate Marketing and depending on your marketing skills, you can create a steady flow of income even if your computer is switched off.
- Work From Anywhere: With your laptop and an internet connection, you have the luxury of being able to take your work where ever you feel like.
As an Affiliate Marketer, you can get into the business and start immediately promoting your chosen vendors product or service from your niche.
One of the biggest and best Affiliate Associate sites is Amazon.
By choosing categories within your niche you will find a multitude of items that can be placed in the sidebar of your website.
When any surfer clicks on these ads and makes a purchase you can earn commissions of anywhere between 5% and 50% depending on the value of the item.
But another benefit with Amazon is that your reader may not only buy from your advert. If they happen to purchase another item from Amazon while searching from your link, you will receive that commission as well.
If they happen to purchase another item from Amazon while searching from your link, you will receive that commission as well.
Joining an Affiliate Network of your chosen Niche can sometimes produce a higher commission rate, again subject to the item you are promoting, but there are some high-end items that can pay you up to 75%/80%.
When searching for an Affiliate company, type your niche into the search bar and add “+affiliate”, ie, kiddies toys+affiliate. You will then get a list of kiddies toys affiliate companies.
The primary role of an affiliate marketer is to provide quality content and useful information to the consumer and attract visitors to your site so as to reap the rewards of the customer making a transaction.
Get Into Different Niche Markets Simultaneously
As time goes on and you become familiarised with how an online business works you can spread your wings and start to infiltrate other profitable niche markets.
You could look for emerging trends and popular gimmicks, enabling you to maximize your profits.
This is why Affiliate Marketing is one of the best ways to make money online. The options are enormous.
Making Your Path To Success Easier
Running an Online Business isn’t all a bed of roses.
There are many different techniques and strategies that need to be considered when you first start out into the online world.
If you are serious about affiliate marketing or any Online Business, then try to find the tools that will help you learn the correct methods of tackling this new venture.
Don’t just run away with the notion that your visitors will buy just because you placed affiliate links on your website. they won’t.
You need to have a structured plan in place.
Affiliate marketing is a business like any other business and you need to work at it like any other business, you will have a much better chance of succeeding if you realise this right from the beginning.
Lay out a plan:
- First of all, you need to find a niche to monetise.
- Then you need to design and build your website.
- Then you need to write quality content that engages your readers.
- Then you need to learn how to use search engines to drive targeted buyers to your site.
- Establishing an expert reputation for yourself is going to be key to gaining trust from the search engines.
- Learn the power of email marketing to turn visitors into buyers.
You need to find a credible online business teaching program that will go through these steps with a fine tooth comb and explain exactly what to do.
I recommend you take a good hard look at Wealthy Affiliate. With this program, you will start at the very beginning and learn every step to take to establish a profitable Online Business.
From Little Acorns Grow Mighty Oaks
I would welcome any comments you may have about this article. Please feel free to fill in the comment section below and I will be only to pleased to answer any questions you may have.