I think all of you already reading all the benefits of affiliate marketing. Now you understand that if you think you will be rich over night by selling affiliate products online then you are wrong. Affiliate marketing is definitely an excellent way to make money online but it’s highly competitive too. In order to be successful in Affiliate marketing you need to know the market needs, learn how to promote products, what works and what doesn’t. The following are a few tricks on becoming successful in affiliate marketing that I have learn over time and I done the same way any time I have to.
Only Choose a Handful of Good Products
The first mistake a lot of affiliate marketers make is that they register with too many different affiliate programs and try to promote everything. Pursuing affiliate marketing down this path can become very overwhelming and you won’t be able to promote any product properly. All you need in order to be successful is a handful of good products to promote. Try to understand the market needs and look for products that align correctly with the topic of your site.
Your target market is a specific group of people whom you are selling your product or service to. Your product or service is what you are using to help your prospective customers or your target market solve the problems that they are faced with, thus making their lives a little bit easier. When choosing your product and/or service you may want to first consider choosing something that you enjoy being involved with and that is of great interest to you.
Choosing your product or service really doesn’t have to get any harder than this, but if you choose to keep the things that you enjoy from being attached to words such as work, job, or employment, well here’s the other side of choosing your product or service. Remember. If you are not enjoying what you are doing it soon becomes a chore and chores get to be very boring!
The other side of choosing: Research, Research, and more Research. Now mind you, in choosing a product or service on either side it will take some research. It’s just that when you are researching something that you enjoy it’s not such a chore. If you try to sell a product that is in low demand then chances are that you are not going to get many sales no matter how hard you try. So it is a good idea to spend a bit of time researching and finding out if a product that you are thinking of promoting is a product that your audience needs. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors. The choice is yours!
Use Several Traffic Sources to Promote Products
Most affiliate marketers put up the ads only on their sites. There is nothing wrong with this approach but know that there are many other traffic sources that you can tap into and promote the products simultaneously. The more targeted traffic you can send to the sales page the more your chances are of making money. Google Adwords can be used to drive targeted traffic to a sales page. You simply make an ad in your adwords account then use your affiliate link in the target page URL of the ad. Obviously, you will have to continuously measure the conversions and see if the campaign cost is less than the campaign profit in order to keep the campaign running but I am sure you get the idea. Fisrt try with small amount of money, and if you enjoy with it and you can make good money, scale up it and make a big profit.
Test, Measure and Track Your Affiliate Campaign
It is a very good idea to use different product promotion strategies so you can figure out what is working and what is not. Try to do split testing and measure the performance of each campaign then take actions accordingly. Changing a few things here and there can increase your profit dramatically. Make sure to place the banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others.
Most affiliate programs will give you basic stats that you may need but there is nothing stopping you from using your own conversion tracking software too. There are many conversions tracking sofware out there that you can use to track your affiliate campaign. For that purposes first step is to make sure that you are properly tracking all of your affiliate campaigns. Most affiliate programs will allow you to add a tracking ID number to your affiliate links, so you will know which link generates each sale. Make sure you use a different tracking ID for each page or website where your affiliate link appears. This will tell you which pages and sites are generating the most sales.
The second step is to place banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others. It is a good idea to use a different tracking ID when you move a banner ad, so you will know which position brings in more clicks and sales.
The third step is to load your data from each tracking ID into a spreadsheet for easy analysis. Make sure you include columns for each month, so you can track month-to-month results for each of your ads. This will help you spot trends, so you can get the most out of your ads. If you find that month-to-month sales for a particular ad are declining, you may consider moving it to a different position on the page, choosing a different ad format, or replacing the link with a link to another affiliate program.
Compiling and monitoring affiliate marketing statistics is a sometimes tedious task, but it will help you make more money from your affiliate marketing venture. It eliminates guesswork, allowing you to maximize your income potential.
Stay Current with New Methods and Techniques
Affiliate marketing is a very competitive field and people are always coming up with new techniques. Try to stay current with these new techniques and market trends otherwise you will fall behind. As with all advertising and information mediums, the internet moves forward constantly, new ideas, new techniques, and if we are to stay at the top of our game and continue to grow our business, then we to must grow with it. That said, it is very easy to become distracted from the tried and tested methods of driving targeted traffic to your business, be it a high street business, an online business, a business opportunity, or an affiliate programme. I am talking from my own experiences. We may hear of a new system or technique that is looking to be the new magic bullet for your marketing efforts, let me stress to you although it may prove to be good, if you are wise, then it should become an addition to, rather than the replacement your current marketing efforts.
Use Helpful Tools
If you are serious about affiliate marketing then try to find tools that will help you be more efficient. There are many helpful tools out there. If you are using a WordPress powered site then consider getting a plugin similar to the Affiliate Link Manager. Affiliate Marketers are always looking for ways to improve efficiency. There are many tools out there, but do they work and what is the best affiliate marketing tool to use? There are different tools for different stages of promoting, but in my opinion ‘research’ is one of the most vital stages in the marketing process. It is absolutely essential that you select the right long-tailed key words which have a moderate amount of traffic without having too much competition. Because if you set off with the wrong keywords, your campaign will fail before it even starts whether it is a PPC campaign or an article campaign.
Is there an affiliate marketing tool that can help you with this? There certainly is, the Wealthy Affiliate Keyword Tool. For those of you that don’t know, WEALTHY AFFILIATE UNIVERSITY is a subscription website that teaches affiliate marketing. Unlike some other sites that charge anywhere from $2000 to $5000 for their ‘secret information’, Wealthy Affiliate only costs $39 per month with a 30 day money back guarantee. So you can basically try it for free!
Inside Wealthy Affiliate there are thousands of tutorials and videos, many unique marketing tools and a community forum where help and advice is freely exchanged between members. There is so much to it, but for now I’m going to tell you about my favourite affiliate marketing tool: The Wealthy Affiliate Keyword Tool. This keyword tool is unlike others because it uses live data from Google. Once you’ve entered your short-tail keyword, it will then provide you with a lengthy list of long-tailed keywords along with the following information: Average amount of monthly searches; The total number of searches from the previous month; The estimated number of hits; The amount of quoted results for that keyword that already exist in Google’s search engine;
If you learn how to use this affiliate marketing tool properly you can easily find which keywords will yield profits and which ones have little or no chance at all. The great thing about the Wealthy Affiliate University is that they also provide detailed lessons on how to use every affiliate marketing tool that they have. For me, learning how to really use this affiliate marketing tool effectively has increased my profits considerably and saved me lots of time and money that I was wasting on fruitless campaigns. I can’t recommend it enough! You have to try it, even if it’s just for the thirty day free trial!
Don’t just hope and pray that visitors will buy; setup everything correctly and make it happen! If you think that visitors will click on your affiliate links and buy just because you placed dozens of affiliate links on your website then you are wrong! You need to have a structured plan in place. Affiliate marketing is a business so you will have a much better chance of succeeding if you treat it like one.