HOW TO MAKE MONEY FROM AFFILIATE MARKETING
There are several ways to make money online as mentioned in our previous posts. You can make money through blogging, affiliate marketing, social media marketing and so on.
We shall be taking a good look at affiliate marketing and how we can make money from it. By the time you are done reading this blog post,
it'll mean a whole lot to you.
it'll mean a whole lot to you.
This branch of marketing is the oldest form of marketing (online). Sales are made by using an affiliate link. An affiliate link is a special link customized for a particular seller. When a buy purchases or clicks on this link, the seller hats a commission from the owner of the product.
This is one of the easiest and cheapest form of marketing. One does not really need to create links. The links will be created by the owner of the product/services.
There are three major payment terms for affiliate marketing and they are as follows;
1. PPC (Pay Per Click): Here, the seller gets paid as people click the link. They don't necessarily have to buy anything. As soon as the link is clicked, they earn.
2. PPS (Pay Per Sale): The seller gains cash as soon as someone buys the product with his or her link.
3. PPL (Pay Per Lead): We know you may not be familiar with this one. Here, the seller gets paid by the numey of persons that provided their contact information through the link. This contact information may in turn be used for email marketing.
PASSIVE INCOME SOURCE
Affiliate marketing should not be seen as a full time job. It should be viewed as a passive income job. This means you shouldn't spend all your online career pursuing affiliate marketing.
HIGH LEVEL OF COMPETITION
There is competion in any business we find ourselves. The level of competition in affiliate marketing is very high. This is the more reason you have to build your website and social media accounts so you can get more traffic's.
LEARN
Affiliate marketing gives you the chance to learn continuously. As you market products for others, you tend to learn what works and what doesn't.
Learning is a never ending process.
Here are some of the steps to take in order to make money from affiliate marketing. The steps are not all rosy but you have to endure and be consistent if you really want to go far.
1. BE PATIENT
Patience is a seed that doesn't grow in everyone. On your journey to become an affiliate marketer, patience in leaning can make you go from 'good' to 'great'. You need to grow your audience either in your website or your social media account. If you don't have a large audience, people won't click on your link.
Make sure you fill your website with high ranking content and be sure it is well optimised.
Raise awareness and attend affiliate events so you can learn and also meet new persons.
2. CHOOSE MORE ATTRACTIVE PRODUCTS
If you follow my blog, I have always talked about being specific. You cannot do everything or become everything. Same goes with affiliate marketing. You simply cannot sell everything. If you try this, the result will be extremely dissapointing.
Promote products that are special. I mean unique products and not inferiors. Promote products that are profitable and can reach so many people.
One of the things you will also need to note is to understand the market needs and desires of your customers.
Say you have a football site, promote products you know will be useful in a football site.
3. ATTRACT TARGETED TRAFFIC
There is always a targeted traffic for any product you are advitising. It may be products for youths or for children. It may be for the rich or for the middle class. You have to understand your targeted audience.
There are four major advertising strategies to get to your targeted traffic and they are;
I. Paid Advertising
II. Free Advertising
III. Article Marketing
IV. Email Marketing
One tip to get the best out of your advertising is to create quality contents. Compile your graphics and links well. Synergize them.
For you to go far in article Marketing, make sure you you already have a website with high SEO ranking. This is to make sure more persons get to see your posts and then your ADs. You can also make use of some article Marketing websites.
You may also like this: Six ways to make money blogging.
4. USE SEVERAL TRAFFIC SOURCES
What if the only traffic source you depend so much on fails you? This is the more reason you have to use different traffic sources like Instagram, Pinterest, Twitter and so on.
But never, ever neglect the importance of organic traffic. Try as much as possible as to rank your site on Google search engines. I can't stress this enough.
5. USE TOOLS
Use tools to amplify your Affiliate marketing career. Have a proper knowledge of your market and what tool can help out.
These tools can help you in carrying out a proper market research and also competitors research. Tools can also help you track and convert your AD campaign.
Here are some tools that will be useful to your affiliate marketing career;
I. Buzzsumo
II. Bitly and clickmeter
III. Unsplash
IV. Google AdSense
V. Viglink
VI. Flippa
VII. Feedly
6. FOLLOW NEW METHODS AND TECHNIQUES
To Excel, you need to arm yourself with a lot of skills and strategies. One key reason you need to constantly seek information is that things evolve quickly especially in our world of today.
To keep up with the threads, you have to learn, unlearn and relearn almost every single day. Remember you are in for business. Make your stay count.
7. TEST, MEASURE AND TRACK
Don't assume you are making progress. Sometimes, what we call progress is not progress at all but movement. Don't confuse the two.
Learn what works and what doesn't. Know what to try out and what not to do again, ever.
You may also like: How to earn Money by Digital Marketing.
CONCLUSION
Affiliate marketing can go a long way to adding lots of money in your bank account.
All you need to do is to follow the simple steps highlighted here and also be consistent in what ever you are doing. Consistency is key!