Can you really make money with affiliate marketing?
There can be two answers to this question. The short answer is yes. You can make money in affiliate marketing.
However, the chances of making money depend on if you do what needs to be done both correctly and with consistency.
Affiliate marketing is essentially getting paid for referring prospects to another business to buy goods and services. It is an ideal venture for just anyone as it does not require a lot of cash to get started; there are no product inventories to maintain and no deliveries to make.
The real problem why people do not make money
Just like many other home business opportunities, there are the self-proclaimed gurus that come up with get-rich-quick schemes that promise you good money very fast and with little effort.
On the contrary, there is a lot of hard work, learning, and planning that takes place before you can make a decent income from affiliate marketing.
If you are ready to fold your sleeves and get down working, there is a lot of money in affiliate marketing.
How does affiliate marketing work?
You join an affiliate program and choose the products that you would like to sell.
The seller (the site selling the products) will give you a unique affiliate code that you will use to refer your traffic to the seller’s site. Most affiliate sites will also give you banners and other creative copies to enhance your ability to market the goods and services.
Once your site visitors click on the link, they are directed to seller’s site. If they do the action that is required by the seller such as buying or subscribing to a service, you are paid a commission.
The most common method of making a commission is when the client buys from the seller. However, you can be paid whenever the visitor clicks on the referral link.
Google Adsense uses this kind of plan. Other sellers pay you when the referred visitors give their contact information on the contact form.
As stated earlier, the chances of success depend on correctly following the right steps and being consistent in your work. Here are some proven tips on becoming successful in affiliate marketing.
• Start by learning about affiliate marketing
Do not start affiliate marketing blindly. Learn the loops and the tricks before getting started. This helps you avoid common pitfalls that most beginners fall when starting with affiliate marketing.
• You need a website or a blog
While it is possible to market goods and services without having a site, you are limited to the earning potential. Most sites require you to have a site from which to promote the products.
Moreover, the site provides an avenue to engage with your clients, provide valuable information, and walk with them through the decision-making process. This eventually leads to higher sales and commissions.
• Pick a few good products
The first mistake that most affiliate marketers do is to register in very many affiliate programs and try to promote just anything and everything.
This makes them unable to promote any of the products effectively. A better approach is to pick a handful of really good products and promote them. Research on the market needs for several products and pick the ones that the market needs and align to the site topic.
• Research on the programs available
You need to understand how individual sites pay and when they pay. Look at percentages against the kind of products that are sold on the site. You must pick a good fit in order to make a tidy income from your affiliate marketing efforts.
• Your affiliate marketing items should match your content
Pick items that are related to your content. If you write about cooking, kitchen appliance, cookware, and cutlery are good candidates for affiliate marketing.
• Disclose the affiliate relationship
Tell your readers that the graphic ads will lead to some compensation. In the same light, tell them of the in-text links too. This helps retain transparency and trust with your clients and is part of FTC compliance rules.
• Net in more than one source of traffic
Putting ads only on your site may not bring high traffic. You can tap in visitors from several sources and increase your traffic tremendously. The more qualified traffic you bring to the seller’s page, the higher your chances of making some tidy income.
• Measure the results of your affiliate campaign regularly
Use different product promotion ideas on your chance to increase your visitor base. In the same line, keep measuring the performance of each of the strategies from time to time. Adjust a few things as per the results of your measures. This helps you remain at the top of the game.
Some top affiliate marketers
There are marketers that are filthy rich from their affiliate marketing initiatives. Here is a list of some of the top affiliate earners that have made some big cash.
Pat Flynn owns this site. He capitalizes in selling affiliate books, public speaking, niches sites, and podcasts. He has made a staggering $184,094.67 in June 2017 from his marketing efforts.
This blog is owned by Michelle and covers personal finance and a few of lifestyle issues. The site has earned $121,861 in June from offering affiliate products, direct ads, sponsorship, and online courses.
Matthew Woodward is the owner of the site. He is an internet marketer that helps people learn SEO, increase sales and traffic. His site has earned him $22,650 in the month of June.
It is really possible to make tidy sums from affiliate marketing. The examples above show impressive results from affiliate marketing efforts.
You can start as a part time affiliate marketer until you grow your income to a level that you can depend on it for a living. Keep on researching the latest techniques of attracting visitors and implement them as you continue. Soon, you will be smiling on your way to the bank.