In this post I will be talking about how to start making money with affiliate marketing
Affiliate marketing is one business model every newbie can use to start making money immediately. It is a $12 billion worth of business lying there for anyone who can benefit from it.
To start making passive income from affiliate marketing you have to know the steps and strategies it takes to be successful in affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is the process of becoming an affiliate to promote a product and earn a commission for each sale you make on the product.
A product creator offers his product for sales and invites affiliates to promote his products. He offers a percentage on every sale.
An affiliate earns a commission based on the percentage attached to the vendors product after a sale of the product.
Also affiliate marketing is when you become an affiliate to promote a vendors product and earn a commission on every sale of the product. The percentage accrued to affiliates depends on the product creator. Some percentage are 50%, 70% and even 100%.
So, if you were promoting a product that cost $97 dollars and the percentage commission is 50%. It means you will earn $48.5. There are a lot of benefits when it comes to making money with affiliate marketing.
The benefits of affiliate marketing
1. Its free to become an affiliate and promote products.
2. You don’t need to create a product of yours or bother about product creation.
3. Every thing is done for you by the vendor.
4. No need to build a funnel (this depends on you).
5. You don’t need to become a copywriter.
6. You don’t have to write the sales page, because this is done by the product creator.
How to get started with affiliate marketing
1. Sign up to an affiliate program
Affiliate programs such as clickbank, peerfly, commission junction, maxbounty, warrior plus etc.
There are a lot out there and they are free to sign up. All you need to do is to put in your valid information in the required boxes in the form.
Give yourself a username and password and you are set to go.
In the diagram below shows you how to sign up.
2. Choose a profitable niche
This is one very vital aspect when it comes to making money with affiliate marketing.
Choosing the right niche product to promote will determine how quick and how much you can make with affiliate marketing.
There are so many niches to select from and make profit. Niches like self-help, survival, dieting, supplements, cooking, make money, health, fitness etc.
I would advice you choose from the 3 mega niches that are profitable and will make you money fast online.
- Make money or Wealth niche
- Health and fitness niche
- Love and relationship niche.
These three niches are very profitable.
To select a niche using clickbank, once you sign in to your click bank account, you go to the marketplace and a list of various niches will be displayed.
Then you select from the categories which niche of your choice. After that a list of products will be displayed for you to select to promote each having their prices and affiliate JV pages with stats showing you your earning and hops links.
Here is how in the diagram below.
3. Get your affiliate link.
This is simple.
From the list of selected product you want to promote, there is a button that shows promote. Once you click on promote you will be taken to dialog box where you will get your promotion link.
Once you get your promo link, it is advice able you shorten your link using bitly or you use a WordPress plugin called prettylink or clickmagik.
This helps you to track you clicks and your link where traffic is coming from.
Here is how to get your link.
Click on the generate hoplink to get your affiliate link
4. Create a website
Having a website is a good thing but for those who are finding it difficult to own a website, you can still make money with affiliate marketing without a website.
Having a website builds authority and credibility.
This proves your existence and helps you to express yourself as a marketer. Rather than sending people straight to your link you can send them to your website where you can build your audience, trust and your email list.
You can also promote other products and your courses on your website which increases your profits.
What you need to create your website.
- A domain name. Get a free domain name from bluehost
- Hosting platform. Get yours from bluehost
5. Build an email list
The money is in the list as they say. But right now I would say the money is in the relationship with you list.
Building an email list can increase you income with affiliate marketing.
The essence of having an email list is to build trust and increase the sales of your product from the back-end.
How do you build an email list?
You build an email list using a squeeze page. Rather than sending traffic to your link direct, you can possibly send to your squeeze page where you can store the information of your visitors that visits your squeeze page.
The squeeze page helps you to store the contact of your visitors with the help of a software called an autoresponder.
Create a solid squeeze page or landing page by sign up for free trial with leadpages.
Here is a example of a squeeze page.
6. Set up your follow-up campaign
With the help of your follow-up emails, you can increase your sales at the back-end.
With the help of an autoresponder, you can set up your emails follow-up and send your subscribers this emails at an interval time and date of your choice.
There are so many software that provides you with the necessary tools to set this up. some are free while some are paid. but if you will want a lasting business the paid is okay.
While there are others that give free trials and makes it very easy to use.
Traffic is the life blood of every online business. There are free traffic and there are paid ones.
Example of free traffic:
- Facebook group
You can set up a YouTube video and drive traffic to your link in the description.
You can set up a Facebook group and invite people into group while
You introduce your link to the group.
You can use Pinterest by posting pins that leads people to your link.
You can answer questions about a problem and link the person to a solution product through your link.
Example of paid traffic
1. Facebook ads
2. Google ads
3. YouTube Ads