We often perceive bloggers as hobbyists. Little do we know that they actually earn big and make money on affiliate marketing. Want to know how to affiliate marketing and how to make money affiliate marketing? Hold on to your seat as I take you through the ins and outs of what it is about and how you can benefit from this too! I’ll walk you through the basic steps on how you can get started and actually earn money.
Affiliate Marketing In Layman’s Terms
“Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.”
– Smart Passive Income, Pat Flynn
This is how it works. There are different platforms that offer affiliate programs. When you sign up and get accepted as an affiliate, you are given an affiliate link to their products. You then use this link in your blog, for example, to promote the product. Every time someone makes a purchase using your affiliate link, you earn a percentage of the total sales in return. This makes a affiliate marketing a great way to monetize your blog. Promote a product, and you earn each time someone clicks on the affiliate link. How cool is that?
You might be wondering what could be the reason behind this approach? How does affiliate marketing benefit the product creator? Don’t they lose money every time they pay affiliate commissions?
The benefits of doing affiliate marketing can be viewed in several ways. It depends on whose perspective we consider. Let’s look at it on the product creator, influencer and buyer’s perspective shall we?
Affiliate Marketing is in itself a strategy which aims to build a strong online presence for the products or services. Product reviews help build authority and social proof. When the product is validated by other people (influencers), people trust the product more and this drives better sales and revenue for the product creator.
On the other hand, Influencers or the people who promote the product sees affiliate marketing as a way to earn passive income. By sharing their experience through their blogs, they engage readers to trust the product creator and purchase the product. As long as the blog’s content remains relevant, the influencer can generate income continuously from the same write-up.
From a buyer’s standpoint, reading through blogs and/or social media is one way of finding out what’s new on the market today, what’s trending and how they can get involved.
A quick search online will give you a list of affiliate programs you can sign up for. Find one that would be suitable for your niche,
You can receive payments in several forms:
Pay per Sale – You earn a percentage of the sales made using your affiliate link.
Pay per Lead – The pay depends on the number of people you directed to the website, and whether they have taken the desired action.
Pay per Click – The pay depends on how much traffic the website received.
Affiliate Marketing Tactics
As affiliate marketers, finding your target audience/buyer and offering products (affiliate links) that respond to their needs is key in being successful. No matter what kind of affiliate marketer you are, take note of these tips to be profitable:
Social media Influencers are making great strides. It’s not about how big you’re following on social media is but how authentic you are in promoting brands that make sense to you and your target audience. What does this mean? It means you don’t need fake followers to drive a big following and earn money. The tables have turned and social media influencers are no longer as effective as they used to be. Take this opportunity to your advantage which leads us to the next point.
Establish a relationship, Tell a story! Authenticity is a HUGE deal in marketing. To convince other people, you would need to convince yourself first. The product which you are promoting must be something that you believe in, personally enjoy or consider value adding. Don’t hesitate to share your thoughts, reasoning, and experiences with your audience. They need to see themselves in you so that they could trust and purchase whatever it is you are promoting.
Build an email list. Email marketing is an underdog in affiliate marketing. It is an effective and cost-effective approach to marketing products or services. It’s one way to make sure your potential buyer hears from you consistently. Direct them to your blog. Include your social media links. Through email marketing, you can capture your potential buyer’s attention even when they are not online or logged in through social media.
The Bottom Line
Affiliate Marketing is a lucrative and cost-effective way of earning passive income while staying in the comfort of one’s home. There is a lot of free affiliate marketing training you can gather online and on this page. If you are ready to dive in we have the best Affiliate Marketing Training in the world…and it’s FREE!
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