Can You Make Money In Affiliate Marketing

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Before I start, I would like to make one thing clear:

This is not a get rich quick scheme, this is not a push button business that is going to make you rich overnight. You must put the work into it for you to make money from this.

This article mainly covers the following topics:

  • What affiliate marketing is and the different types of affiliate marketing
  • The advantages of being an affiliate marketer
  • Some tips and good practices to become a successful affiliate marketer

So, can you really make money from affiliate programs? Well yes and no; there is money in affiliate marketing but if YOU must be diligent on completing task that can make money from it. There are some factors to help you do that: go through the training and implement what you learn, stay focused and make sure you have plenty of content.


What is Affiliate Marketing?

According to Wikipedia

Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts

Basically, you as a publisher will be rewarded when you help a business by promoting their products or services. So for example, if you sign up for Wealthy Affiliate's https://my.wealthyaffiliate.com/createaccount and promote it’s products then you will get a commission when the visitor you send from your site makes a purchase.

Affiliate marketing is probably one of the quickest and cheapest (not the easiest) ways to start making money online as you don’t have to create any products yourself. You simply find a buyer and when they buy from you, you get a commission.

How Does Affiliate Marketing Work?

When you join an Affiliate program and choose the products that you want to sell, sellers provide you with links and banners so that you can use them to refer traffic to the target site. Most affiliate programs will offer ready made text links, banners and other forms of creative copies whereby you only have to copy the code and paste it on your website to start referring traffic. The visitors clicks on these links from your site, they get redirected to the product site, and if they purchase a product or subscribe to a service you as the referrer make a commission.

The sellers track your performance through your affiliate ID and the affiliate softwares (eg. WP Affiliate Platform) that they use. You also have complete, real time sales and commission stats.

We do not need to sale anything we are in the business of information and content. These are some ways that the seller pays the affiliate:

  • Pay per Sale: In this program the vendor pays you a percentage of the sale price when the purchase is completed.
  • Pay per Click: In this program get paid based on the number of visitors you redirect to the Merchant’s website from your affiliate site, even if you do not make a sale you still make money.
  • Pay per Lead: Get paid once the referred visitors provide their contact information by filling out a simple contact form.

Why be an Affiliate Marketer?

Because as an affiliate, in the past 5 years, have jumped 17% and has pulled in $45 billion dollars in a five year span. It is also the fastest growing Business on the internet and is expected to grow even bigger, so you ask why?

  • Cost effective: Marketing on the internet is cheap and you don’t have to worry about the production cost as the product is already developed by the seller. You don’t need a physical business location or hire employees either.
  • Global Market: Online marketing helps you to reach people all over the world easily.
  • No Fees: You don’t need to pay anything to join affiliate programs.( If you pay for affiliate marketing then you are being scammed)
  • No Storage No Shipping: You don’t need to worry about storage, packing or shipping of the product. This should be done by the seller.
  • No customer support: You will not have to be pressured by giving customer support because the seller will do that as well..
  • Passive income: A regular job will give you a decent pay but you have to put all your days and or nights into it and at the end of the year you don't have anything to show for it . Depending on your skill, Affiliate marketing will create a steady flow of income even when your not wanting to work.
  • Work from home: This is the goal here, to be able to spend more time with my family and children but make a healthy income without going to a daily 9 to 5 everyday to not make ends meet.

Tips on Becoming a Successful Affiliate Marketer

After reading all the benefits of affiliate marketing if you think you will be rich overnight 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 learnt over time.

1. Only Choose around 5 Good Products

The first thing is do not register with too many different affiliate programs and try to promote everything. when going down this path, I have found that it is 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.

2. Use Several Traffic Sources to Promote Products

Most affiliate marketers put up the ads only on their sites. This is not a bad approach but 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. You will have to monitor these adwords but if the campaign is not making money then change it but if it is keep promoting it.

3. 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 software out there that you can use to track your affiliate campaign.

4. Research the Demand of the Product

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 spend a little time researching your products that you are promoting, research the program, the company, their conversions with the products and so on. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors.

5. 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.

6. Choose the Right Merchant

When you promote a product you also promote the person or the company who is behind the product so try to choose wisely. Make sure when you let a visitor now of a product make sure it's a product that you believe in yourself or have already tried. your visitors are your asset you do not want them to be unhappy. Do you think that this visitor will come back to your site and take your advice again? Most likely no; this can hurt your credibility in the long run. Usually, websites/company that offer good customer service will have better customer satisfaction so try to stick with promoting their products.

7. 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 http://www.wealthyaffiliate.com?a_aid=05c2ef62.

Don’t just pray that visitors will buy; setup everything correctly and make it happen! If you think 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.

I am sure I haven’t covered everything so please feel free to share your tips in the comment area below.

Please leave comments and questions

contact me here: https://jewelsaffiliatemarketinginfo.com

or by email: jewelsaffiliatemarketing@gmail.com




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Recent Comments

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Great advice, thanks.

very good information once you sort out what your going to promote. thanks

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