It seems convenient, doesn’t it? You put a site together, throw in a few affiliate links, and just like that start earning the passive income you’ve always wanted.
Actually, bloggers are the ones making money online with this approach, some of them are even making almost 5 figures a month.
Although blogging is a great way to make money while you learn how to make money with affiliate marketing, there are also microsites, email lists and video marketing which are some of the great methods people use to generate an income online from affiliate marketing.
These systems need to be set up and managed well, though. If youre just starting out, its best to start with something small, easy to maintain, and still leave room for the addition of new projects.
If you’ve done your research and set up your system correctly, you should be able to derive a passive income without effort.
In this guide, we’ll take a look at:
How To Make Money With Affiliate Marketing
There are literally dozens of ways to make money from affiliate marketing. They range from selling ads for companies (where you get paid for every sale made), to selling your own products (like ebooks or services), to making money directly from services provided by other people (like datafeeds). The possibilities are almost endless.
Finding the right income stream is also an important step in the process. Choose a project, then find the potential to do well. Once you have a successful project, try to find other similar projects. Look for similar products to the ones you are currently selling. If youre selling an ebook, look for datafeeds related to the subject. You can set up your website and other systems to make it easy to find similar products to those you are selling.
Once you have a network of similar products that you can earn from, this will make it much easier to make money. You can keep these for future projects, while still getting income now.
Most new affiliates start with selling ads. This can be done by placing an ad on a site, and wait for clicks. If the click rate is high, you make money. If not, its back to the drawing board. As you get better at advertising, you can promote other products, and make money while you are doing it. This is a good way to make money while you are learning.
1. Making Money Directly From Services You Provide
You can market the services of other people online.
You can advertise their products on your website. For each sale, you get a commission, as long as the cost of services (as in, the merchant’s cost) is lower than the amount of commission you receive.
If you already have a website and are experienced with HTML and so on, you can do this easily. If not, you can hire a professional to do it for you.
In this way, you do not have to spend any money in setting up your affiliate network, and you have the added benefit of the commission going straight to your account. Of course, you still have to find a customer who is ready to buy the product you are promoting, so this method also takes some time, but its profits are higher than if you only do advertising.
You may find it hard to find a willing customer in some niche, or you may have to search for them. If you have developed your own services, and you have great terms in which you can advertise, you can make a lot more money than if you only do advertising.
Clickbank affiliates are also popular, but they take a little longer to become successful.
When your articles are published in article directories, you can expect commissions ranging from 2 to 15 percent. If you write very good articles, and your articles are good, you can get commissions as high as 75 percent.
You should be aware that most article directories do not allow links to their sites within articles. You can link to your website in your resource box or author box, but even then be aware that some article directories do not allow links in resource boxes.
Many affiliates use these resources boxes to build their email lists, so you have to consider carefully if you want to build your email list which is a whole different beast (but I do recommend) or if you just want to link straight to your affiliate links.
Check how to start affiliate marketing business to learn more about how to make money with affiliate marketing.
2. Affiliate Networks
Another way to earn commissions is by joining affiliate networks. This way, you have a central place where you can promote products.
Usually, affiliate networks only give you banners to use, but you can still use them to promote the products. You can easily create the banners yourself, or if you have a good designer, you can get one for free and use it.
Be careful when you write the advertisements. You may have to write articles about the products and then submit them. Once those articles are published, you can expect commissions ranging from 5 to 20 percent. It really takes some work, but this way of earning an income can be very helpful.
3. How To Make Money With Affiliate Marketing: My Own Method
My own method of earning an income consists of three parts.
Part 1: Setting up my affiliate website and getting traffic to it
As I mentioned before, blogging can be one of the easiest and mostly free ways to make money while you still learning how to make money with affiliate marketing.
However, it’s the method that is the most time consuming and the one method that takes the longest to start seeing results (depending on how you approach it).
So I start by setting up a blog, writing quality content that helps other people, and building back links to it to build page rank.
That is just the basics of SEO which you would have to get deep into if you want a lot more organic traffic from search engines.
Building backlinks to your site comes in naturally but it takes a really long time.
Part 2: Building my link network by writing articles and posting them to article directories (not as easy as it sounds)
You need links to your site and you can get them by writing articles, submitting to article directories and submitting through traditional posting on forums and message boards.
This part is not so easy. But it is crucial to learn how to make money with affiliate marketing.
If you do not do it correctly, your site will never get enough traction to your blog..
This is how websites get to the top of Google searches. A big site on a small site should build links very quickly. You do not want to wait for years before you receive your first visitor.
This part takes a bit of work. It is not an easy task. But, it is the way to make money with affiliate programs.
Part 3: Promoting the affiliate products through advertising.
The most lucrative way to promote your affiliate product is through advertising.
AdWords is the best system for generating affiliate commission from the ads that you see on Google or Yahoo.
The reason it is so lucrative is because you can have a vast amount of traffic very quickly.
So, it takes some work. But, the end result is that you get paid a lot of money because the affiliate product became popular.
Learning how to make money with affiliate marketing is easy. The tough part is execution and consistency. The more you think about it the longer it’s going to take for you to take the first step.
So go, check out how to find your niche to start affiliate marketing and start building your blog around it. And start creating high quality content everything else will fall in place.