We keep checking on internet about affiliate marketing and its success stories , we often wonder do people really make so much of passive income or its just fake ? Or do people really go after that links and buy products ,follow blogs and read articles . So what is affiliate marketing ? How does it work ?
You partner with a company selling products/services you would like to recommend to your audience. If they buy something using your affiliate link, you get a commission from the sale. There are other types of affiliate programs, but this is the most common and is also what I do. Starting with TOP 5 tips on going ahead with affilaite marketing , here you go with No 1 -
Find your niche
Yes , Once you find a niche with high demand, little supply (do your Google research), and a reputable affiliate with high commissions… and you have patience to wait for financial results while creating your assets which is content , you should take the leap!
Start a blog or you tube channel or website
You are the best judge about what you have decided to go with your niche , now figure out what people prefer ,reading blog or watching videos ? Website ,easy creating youtube channel super easy , however , FOCUS ,FOCUS ,FOCUS on content and not money ! One of the biggest mistake people do is they focus on money ! Remeber -
- No traffic = no sales
- Most affiliates require you to have some traffic
- Your authenticity is ruined if you’re too salesy from the start
- No right content you miss on scaling up too
Sign up for affiliate programs
Hosting and Amazon are by far the most popular affiliate programs.
Do the math – to make 300 in a day, what I would need to do ? refer about 2 people to hosting, 10 people to themes, or 30 people to some other . Before deciding on a program, ask yourself a few questions. Figure out conversion ratio with no of readers / viewers ,target audience you have
- What commission will you get?
- How many sales will you need per day?
- How much traffic will you need to get those sales (roughly)?
Choose right affiliate programme
DO YOUR HOME WORK !! Just dont rush and sign up all affiliate programes available in the market . Its important for one to understand what his or her expertise lies in ex if you are good at teaching may be you can go for UDEMY affiliate program , for tech people you can take any topics HTML , CSS ,website developement etc and go for website content plus HOW TO blogs/videos and take hosting affiliate programs from the leading companies hostinger , namecheap , godaddy ETC
See how commision works
One Tier – get a commission when a sale is generated from your affiliate link.
Two Tier – get a commission when you refer other affiliates and they start making sales (think multilevel marketing).
Climbing Tiers – increased commissions as you get more sales.
Recurring Commissions – usually happens with subscription services… you continuously receive commissions as long as people are signed up. AWeber and SEMrush are examples.
Sitewide Commissions – get a commission no matter what people buy on the affiliate’s website. Amazon’s affiliate program does this.
Pay Per Lead – get a commission based on the number of leads (e.g. contact form fill-outs) you send to a business. Be sure to set up your analytics to track this and have a solid, written agreement with your affiliate. You don’t want to spend tons of time and get burned like I have.
Cookies – amount of time after people click your affiliate link you will receive a commission if a sale is generated. Usually 30-90 days but shouldn’t be a deal breaker when choosing affiliates.
Individual Affiliate Programs – affiliate programs that are located on their website.
Hope this will help you start a successful affiliate journey towards creating your own database of customers and that will result in your income !
Feel free to comment or if you need any help , I can be available to support with website developement , hosting , SEO and some content too ! Of course ,will charge a nominal fee for it !!
Have great start !!