Affiliate marketing can be a very lucrative business. There are a huge number of affiliates earning full-time incomes and make money online from affiliate marketing. You can definitely make money at Affiliate Marketing, but believe me; it’s not going to happen overnight. You will need to find an honest, legitimate company that provides a comprehensive mentoring/ coaching program or you can make it in your way and by yourself by learning step by step, by reading, writing and action.
However, you should know several important things before you get started with affiliate marketing. First of all, you should know that you shouldn’t approach affiliate marketing as a “get rich quick” scheme.Whether it’s a side income or your mainstream income, affiliate marketing should be taken as seriously as any other business. If you really want to be successful, you’re going to have to set time-based goals and bust your ass to achieve them. Second, you should know that unless you have a decent source of incoming free traffic, you’re going to have to spend some money to get people to come to you. It won’t kill you to start with less and it definitely won’t hurt to start with more, but just keep this number in mind when you start out. Third, you may have heard somewhere that affiliate marketing is autopilot. I’ll tell you right up front; there is absolutely nothing autopilot about this business.
However affiliate marketing always seems the easiest way to make money online. There is no product to research & create, sales copy to write or sales pages to design. No secure product delivery needed or support to handle. Yet, you get a generous amount of the retail price in your commission. Sounds easy. Sounds like there is no work involved at all, right? Just get an affiliate link, put it in front of people and – BOOM! – you are off Lambo shopping.
Well, prepare yourself for a bit of a shock If you want to make money from affiliate marketing, you will need to do some work. Sorry, but that is just how the real world works. However, the really hard work has been done by the product vendor but in order to take advantage of that and leverage it, you do need to do a few more things than just get an affiliate link. What to do BEFORE the 3 steps Before we get stuck into the three steps, you will need to do a bit of prep work. The first thing you will need to do is identify a product that you want to promote. Regardless of the niche the product is in, there are certain rules to choosing one that will make you the most money, prepare for this :
Does it fill a real need in the marketplace? It needs to address real problems that people encounter in the niche and provide a real solution. That could be a training to teach people a particular skill or maybe software that enables people to do something easier (or something that only the software will enable them to do). It is priced to sell? Is the price being asked smaller than the price of not getting the product? Here is an example to illustrate that: Let’s say someone really wants lose weight in the next 3 months before going on holiday and they come across a complete, professional product that promises to show them how – for just ($27 – $47).
They don’t need to take a lot of time to think about it, talk it over with a spouse or go visit the bank manager to make a buying decision. If that same product was $497, it would be a different story. There should be some upsells for higher prices (like personal coaching) but those are an easier sell when people have made the initial step and invested the $27 or $47.
Is it priced for profit? If you are going to spend the time putting the three steps together (and maybe driving some paid traffic), you need to know you are going to get sufficiently rewarded. Even 100% commission on a $7 product with no upsells probably isn’t going to cut it. Examine the sales sequence. What are the upsells that buyers will be presented with and how much commission could you earn if your buyer buys through the upsells?
TIP: Look for a recurring product in the funnel – that will keep paying you into the future after the first sale has been made.
Here affiliate marketing tips will help you to be successful and earn an income stream that goes on far into the future :
Join only affiliate programs that you feel you can trust. Get to know the provider before you decide to offer their products. Do your research, find the best relevant product, and you’ll enjoy a much higher conversion rate, which means more money for you. Write a personal review backing the product to help promote it. When you believe in the product, writing the review won’t be that difficult and your visitors who trust you will take that into consideration and are more likely to buy.
You need to spend time focusing on building your traffic to your website. That means you need to do your SEO work so that your site ranks well organically in the search engines. Make sure you are following the rules outlined by the affiliate and do not breach any trademark policies that merchant has put into place. For example, many companies won’t let you bid on their brand name. Make sure your website has some great content. Customers are not coming to your site to see ads. They are there to find out information about the product and to look at recommendations. Use both text links and banners and see which work the best on your website. Make your review promotional.
Make sure you are honest and disclose the affiliate relationship. This is required by the FTC – you must disclose that you are being compensated when your traffic clicks on an ad link and makes a purchase. Take the time to do plenty of testing to see what works on your site and what doesn’t. Don’t be afraid to try to promote your product using different venues and programs. For example, try Facebook ads and Google ads to see which work best. Try different banner placements to see which works best. Try different ads. You get the idea.
Take the time to get to know your affiliate manager. They are there to help you and should be happy to review your site and give your some feedback about what you can do differently to be more successful. Be patient. It takes time to grow your affiliate marketing business. But once it is established and running smoothly you will be able to enjoy the residual income it generates.
Practical Tips for Affiliate Marketing Success Let’s look at 3 practical tips for affiliate marketing success.
#1 Cloak Your Affiliate Links You want to eliminate those long ugly affiliate links. You can do this with a link cloaked, which will create affiliate links that are short and more pleasant to look at. It will also increase your click through rate.
#2 Write Numerous Reviews Using written reviews is an excellent working strategy. It is one of the best tips floating around. With your review you will talk about the product on a page. One product to one page. You will tell the readers about the product you are reviewing both pros and cons to provide your readers with insight. You might also compare products.
You can get the most out of your reviews by creating a category strictly for reviews. Make sure it’s visible to your visitors. Use a rating plugin to rate the products you review. The starts indicate the quality of the product. The more visible your reviews the more likely your sales are to increase.
#3 Promote Only Products That Can Make You Money There’s an endless array of products on the market that you could review, but stick to those that can actually make you a decent commission and forget those that don’t pay well. This doesn’t mean avoid low ticket items. A $10 item might have a 20% commission and a $100 item might have a 10% commission. It’s easier to sell cheap products. But what it does mean is you should avoid the $10 item that pays $1 commission or the $100 item that pays you a couple dollars. Choose your affiliate products wisely. Your goal is to build a profitable income stream. Keep that in mind. You can also test products to see how well they do in the market place. Sometimes those products you think will do well don’t actually do well but you won’t know this unless you test. So test, test, test and test some more.