Although Affiliate Marketing is one of the largest and hottest field present on the internet, a lot of People still don't know about it.Affiliate Marketing is the best way to earn big income from the Internet but it not as simple as PTC sites or other same sites.
You need to have complete knowledge about Affiliate Marketing and you should be mentally prepared for the hard work.
What is Affiliate Marketing?
Affiliate Marketing is a way of promoting other company or websites products & services. You will earn commissions for every sale or lead you provide to them.
e.g. You can become an affiliate at eBay or Amazon and they will give you a unique ''affiliate link'' to every product that you want to promote on your website, blog or social networks.
Whenever a visitor clicks on your affiliate link and buy something, you will earn a certain commission for it.
There are few merchants who would also pay you for every signup you provide to them. You can promote such merchant's products so that whenever someone signs up to them, you will get paid(even if the person who signed up doesn't buy anything).
There are Four simple steps to get started with Affiliate Marketing:
e.g. You can become an affiliate at eBay or Amazon and they will give you a unique ''affiliate link'' to every product that you want to promote on your website, blog or social networks.
Whenever a visitor clicks on your affiliate link and buy something, you will earn a certain commission for it.
There are few merchants who would also pay you for every signup you provide to them. You can promote such merchant's products so that whenever someone signs up to them, you will get paid(even if the person who signed up doesn't buy anything).
There are Four simple steps to get started with Affiliate Marketing:
- Find the best Products to promote.
- Join that particular program and get your personal affiliate link.
- Promote that product on your website, Blog or any Social Network (NOTE: Facebook doesn't allow you to post your affiliate link directly. So you have to promote the link on your website or blog and then promote your website or blog on Facebook. In this way you can direct the traffic from Facebook to your website and then you can redirect them to the affiliate offer).
- Get Paid.
What are Affiliate Marketing Networks?
There are thousands of online merchants/sellers who have perfect products but they don't have any affiliate program.
WHY?
Because firstly they can't afford it and secondly they don't have the time to manage and track their affiliate's sales.
This is the place where Affiliate Marketing Networks come into play. They have professionally built software's that can monitor and track the activity of affiliates and pay them on behalf of the merchants/sellers.
So, I will definitely advise you to go with an Affiliate Network instead of a single merchant/seller. In this way you will have a lot of options while choosing products that you want to promote.
Now comes the main part....
How to Promote Affiliate Programs & When will you get paid?
It is very important to understand that Affiliate Marketing is not as easy as it first sounds but it is also not much difficult as well. The best way to promote your affiliate link is by making a blog or a website. You can create a blog & then write reviews or tips related to the products you are promoting. You can insert your affiliate links in the post where you are asking your blog readers to buy the product from the merchant's website.
People come to your website, read the tips & reviews you have written, click on your affiliate link & then visit the merchant site. You will get the commission every time a blog reader buy something from the merchant's site.
But creating a website & writing about the product is not enough. You need targeted traffic on your website as well.
There are number of ways to promote a website or Blog like doing SEO, through PPC programs like AdWords and Bing Ads, social media promotion, guest blogging, classified sites etc.
Advantages of Affiliate Marketing
- The Biggest advantage of Affiliate Marketing is that you don't have to own the products.
- You don't have to worry about maintaining the stock or shipment of the products after the customer purchases.
- Income Potential in Affiliate Marketing is very huge. You can earn up to 75% commission on every purchase a customer makes.
- You can earn recurring commissions.(means if someone buys hosting under your affiliate link from a site like Hostgator, every month when the customer pays his monthly fees you will get commission from it). You can earn commission as long as the customer keeps on buying hosting from them.
Steps To Be Successful in Affiliate Marketing
1. JOIN AN AFFILIATE PROGRAM
If you are planning to make money through an affiliate marketing network then its better you start with one of the Best Affiliate Programs. Join one of them and spend at least 3-4 days understanding everything about the site and the concept.
Once done, write all your interest and hobbies on a paper.
2. CHOOSE A PRODUCT
Its better you promote a product which matches your interest. Find the merchants which has those products and services. e.g if you love Health & fitness, you can find a product related to fitness, if you are a gadget lover, you can find the mobiles, tablets and other gadgets to promote.
3. RESEARCH THE DEMAND
After choosing up to 2-3 products, find its demands whether its a hot product or not and if people are searching online for this. You can check in AdWords Planner Tool, YouTube, Google Trends etc.
You need to spend more time here because you have to take your decision based on this research. After doing the research, choose the one with the highest potential.
4. PROMOTE THE PRODUCT
There are number of better ways, you can use to promote an affiliate marketing product and the easiest one is by creating a review site.
A review site is something which is created by a user of the product, providing the review of the product by writing Pros and Cons of the product as an experienced user.
If you thought of creating a review site, always buy the product first, use this for sometime and then write the review.
Review site is something which gives you the best conversion as this is the last stage a buyer is searching before taking a final decision for purchase.
You can use SEO technqiues so that you get the traffic from Google or other search engines. You can also promote through Google AdWords, Bing Ads.
If you plan on using PPC ads for promoting your products, I will advise you to go with Bing Ads. There are several reasons for that, at first it is way cheaper than Google Adwords and provides more conversions than Google Adwords.
Other ways to promote is through social media sites like Facebook advertising, YouTube, Pinterest, article submission sites, guest posting, blog commenting, classified sites etc.
Conclusion
Affiliate Marketing is basically a business of extreme focus and patience. If you don't see any results in the beginning, don't get demotivated. Even the experts had made so many mistakes and had suffered failure many times in the beginning.
Don't get demotivated from your failure, learn from it instead.
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