When it comes to making money online, affiliate marketing is a skill-based strategy that anyone can learn. It is one of those earning methods of the online world that does not require a degree or formal education.
Many bloggers are making dollars through affiliate marketing. For example, Ryan Robinson creates mid-five figures every month at ryrob.com.
Although blogging is not the only way to make money from affiliate marketing. Microsites, email lists, and video marketing are a method that people use to create an online income.
Again, not everyone is affiliate marketing successful or making money on a good figure, but you can use some tips and tricks to increase your income.
With this article, I intend to help you understand the details of affiliate marketing, so you can apply this strategy in any field to make money.
Okay, as we move on to this free course we will focus on the details and more technical aspects of affiliate marketing, let’s get started.
What is Affiliate Marketing
Affiliate marketing is the process of earning money (which we call commissions) by promoting another person’s (or company’s) product or service. You find a product or service of your choice, promote it to your audience and earn a share of the profits for each sale you make.
For example: Suppose, you bought an SEO tool like Semrush for learning SEO. You have nicely documented the features of the tool and posted it on your blog and added the affiliate link at the end of the post. Now if someone buys it through your link, you will get some commission. This is affiliate marketing.
Why do we affiliate marketing?
Affiliate marketing is a popular way to drive sales and earn significant online revenue. Extremely beneficial for both brands and affiliate marketers, affiliate marketing spending in the United States is growing at a rate of 10.1% per year, which means that the figure will reach above 8.0 billion by 2022.
Moreover, if you argue why, you will start affiliate marketing, the list will be so long that it cannot be counted, so I am just performing the most significant reasons why you should do affiliate marketing.
Cost: The cost of affiliate marketing is much lower. And all the cost is borne by the seller. You don’t have to control production, and quality.
No need for an ad fee: Usually you do not have to pay any kind of money to join the affiliate program.
No need for customer support: If you sell any product offline, you have to see all the advantages and disadvantages of the customer. But sellers will see all this in affiliate marketing.
Marketing Whole world: When you sell a product offline, you can sell it to people in certain areas. But in affiliate marketing, you can deliver your product service to the whole world.
Passive Income: Money as long as you work. But in affiliate marketing, you can always earn once you get good traffic. Your income will continue to increase day by day.
Affiliate Marketing Business Model
Affiliate marketing is a team-based business where one person will take a product from a company and sell it to another person.
Most affiliate business models involve three or four-party interactions depending on the type of partnership between the affiliate and the company that owns the product. These parties are involved in affiliate marketing – the merchant, affiliate marketer, the consumer, and affiliate networks.
The Merchant (Advertiser): Sometimes also recognized as the dealer, creator, the seller, the brand, the retailer, or the vendor. This is the party that produces the product. It can be a big company, like Amazon, which produces many kinds of products.
Or, it can be a single individual like Mariah Coz, who sells online courses to female entrepreneurs.
From a single entrepreneur to a huge Fortune 500 company, anyone can be a businessman behind an affiliate marketing program. They don’t even have to be actively involved. They just have to have a product to sell.
Affiliate Marketers (Publisher): The party that gives its time and resources to promoting a third-party product or service to its target audience in return for every successful sales commission mentioned by it. Affiliates include bloggers, YouTubers, social media influencers, etc.
This is where marketing comes in. An affiliate promotes one or more affiliate products and tries to attract and persuade potential customers so that they can value the merchant’s product so that they end up buying it.
Consumer: This group is also known as customers. The customer is the original person who ends up buying the product after being referred by the publisher. He may or may not know about the partnership between the affiliate marketer and the merchant.
Affiliate Networks: In the affiliate marketing equation, some people consider affiliate marketing networks as another part of the affiliate business model. Acts as an intermediary who connects the merchant and the affiliate and takes care of the payment and delivery of the merchant’s products. In such cases, the affiliate communicates directly with the network and not with the merchant.
However, sometimes affiliate networks themselves act as merchants or advertisers like the Astra affiliate program.
How to start affiliate marketing
There are many ways to get started with affiliate marketing.
Here are some common methods that exist in almost all affiliate business models and you can get started:
Choose a publishing platform
You can do affiliate marketing on any platform. like a Blog, YouTube, Instagram, Email marketing, Facebook, and much more.
However, it’s much more relaxed to build an audience and boost your affiliate sales through one of two methods: Launch a blog (Recommended) or Create a YouTube channel.
To start a blog today is very easy and cheap. There are lots of online tutorials that explain to you how to get started. It will probably require you a little money per month.
Once your blog is set up, optimize it for search engines so that you have a better chance of ranking. From there, you are free to add affiliate links to your content. To optimize your content search engine friendly check on how to write SEO friendly content.
Another popular platform is YouTube. Creating and uploading content to YouTube is free, which makes it ideal for many people. Optimize your videos for SEO and include affiliate links in your descriptions.
Select your niche (Physical or digital or both)
As you choose your publishing platform, select a niche that you are interested in working with. It can be a digital product or a physical product.
Digital Products: A digital product is any product you sell online that doesn’t have a physical form or substance. For example, you can’t hold a website theme in your hand.
Physical Products: A physical product is what a consumer can hold in his hand and analyze. He can view product pictures online, visit local stores and view products and/or packaging, and even use a friend to see how the product works. As a result, the techniques of marketing a physical product are fairly straightforward, online or on the web. For example, fashion products.
Here are some profitable affiliate niches you can work with:
- WordPress Hosting
- SEO Tools
- WordPress Theme
- Email Marketing Tools
- Writing Assistance Tools
- Fashion and beauty
Create Quality Content
A unique content offering attracts the right audience – a fresher affiliate still desperate for experience but not sure where to start. For example, whatever you choose, make sure it’s something that you’re passionate enough about to create consistent, engaging content. Consistency is key to success and will drive more audiences to your platform of choice.
What is quality content? It’s something you want to see or read about your traffic. This may include: You present the product in such a way that the viewer can easily perceive the features or qualities of the product. If necessary, present the features of the product with pictures and videos. Just remember the competition is tough. By 2022, there are more than 32 million active bloggers in the United States alone.
Select Good Affiliate Networks or Affiliate Partners
This step of affiliate marketing is quite difficult to pick. There are many networks online right now, but not all are good. So, when selecting the affiliate network care about it. As needed check the network’s Online reviews, privacy, etc. before participating in any affiliate program.
Promote Your Affiliate Link
When you log in to an affiliate network, they will give you a unique link. Which is called an affiliate link. You will add your unique link to your blog or YouTube channel or any other medium that you have chosen as a platform.
Some Profitable Affiliate Programs
There are currently many affiliate companies that offer good affiliate commissions. Here is a list of some of the challenging and high commissions:
SEMrush Affiliate programs: SEMrush is software that helps companies run digital marketing methods such as SEO campaigns, pay-per-click (PPC), social media, and content marketing campaigns. It allows affiliates to earn 40% recurring commissions for SEMrush subscription sales.
Fiverr Affiliate Programs: Fiverr is a giant marketplace or more specifically a freelancing service, where you will get excellent freelancers willing to provide you outstanding services at a low and yes, minimal cost. Fiverr offer a commission for different categories which is between $15 to $150.
ConvertKit Affiliate Program: ConvertKit is a full-featured email marketing software. ConvertKit offers a 30% lifetime commission for the premium plan.
Grammarly Affiliate Program: Grammarly is a grammar checking, proofreading, spell checking, and plagiarism checking tool. In the Grammarly affiliate program, you have the opportunity to earn a $0.20 free subscription and a $20 premium subscription.
Affiliate Marketing: FAQ
At this point, you should have a basic idea of what affiliate marketing is and how it works.
Now, let’s answer some common questions asked by webmasters and marketers about affiliate marketing:
Is affiliate marketing free?
Yes! There is no charge for joining the affiliate program. However, your total cost depends on which promotional strategy you are using.
Is Affiliate Marketing Legitimate?
Yes. This is legal because you will use the affiliate link provided to you instead of the direct link to link to any site. However, in certain jurisdictions, you must disclose that you may be compensated for approving the product.
Why do affiliate marketers fail?
Thinking of income before starting work or thinking of income overnight is the main reason for failure.
The Bottom Line About Affiliate Marketing
Affiliate marketing is an ideal solution for those who want to control their income by focusing on performance-based revenue options.
Here I have discussed the basics of affiliate marketing as much as possible. It is better not to come to affiliate marketing with the thought of becoming rich overnight. Affiliate marketing takes time.
Focus first on your first affiliate sales. Set new goals and keep testing as your sales grow. These are the Affiliate marketing strategies to grow your sale from your blog. Please comment below, on what niche you are planning your first project with.