What is affiliate marketing and how to make money from affiliate marketing business? We’ll read more about these questions below.
Now, we will see how to Earn Money from Affiliate Marketing. You do not need to have product knowledge or selling capabilities.
You would get to know the basic information on this page to start Affiliate Marketing.
If you have a website and having enough traffic, then this page is yours.
Here I have provided simple steps that how to monetize your website or blog by doing simple tasks such as Affiliate Marketing
What is Affiliate Marketing ?
Affiliate marketing is the oldest marketing method for affiliates to earn commissions from the product sales.
You do not need to create and sell product. So Affiliate marketing is the easiest and cheapest way of product marketing.
Affiliate marketing enables a link connection between seller and buyer. As an affiliate you’ll take your commission when a sale is made through your reference.
There are many affiliate programs available on internet to make money from affiliate marketing.
After get approved from the affiliate networks, you’ll be given unique tracking link to get your affiliate earnings.
Simply saying that Affiliate Marketing is the easiest way to earn money online by advertising merchants products on your own Websites.
Whenever visitors click on the Ads placed on your Websites and buy the product. This process is called “Affiliate Marketing “.
The Medium which used to link the Web site owners (Affiliates) with the Merchants is called Affiliate Program.
Cost per Click (CPC)
When a visitor visits your website and click on the Ad placed on your website. Merchant will pay you for this click. This is called Cost per Click (CPC).
Cost per Lead (CPL)
What a visitor clicks on the Ads and redirecting to Merchant’s Website. Here, he will provide his / her basic information prior to buy a product. This payment is call Cost per Lead (CPL).
Cost per Acquisition (CPA / CPS)
A visitor referred by an affiliate purchases a product or service from the Merchant. This payment or action is referred as Cost per Acquisition or Cost Per Sale.
Okay, Now we will see who are the top affiliate networks to earn money easily through affiliate Marketing.
How to Make Money in Affiliate Marketing
It’s very clear that affiliate marketing is a passive income opportunity.
It’s true that affiliate marketing is highly competitive, but it’s very easy to make money from affiliate marketing if you know the tricks.
The fundamental formula in affiliate marketing is, you must know what works and what doesn’t work in affiliate marketing.
Your affiliate earnings are based on how you promote the products.
You may ask yourself that “How I make money from affiliate marketing“, Here is the simple ways to earn money from affiliate marketing:
1. Be Patient
The first and important factor is affiliate marketing business is, you must have patience in order to get succeeded in this business.
If your product website or website ranks first in the search engine results then you’ll have more chances to make money.
To get ranked in the search engine you must have good and quality contents in your website.
Affiliates who have good websites along with great web traffic, attending affiliate marketing events, webinars, seminars and discussion forum, participating online communities will help affiliates to get more sales through affiliate marketing.
If you’re set will all above programs then you will have more traffic naturally without any doubt.
If you’re patient enough then you’ll have more changes to make money from affiliate marketing.
2. Promote Attractive Products
Decide and promote the products where you have knowledge.
Focusing on all types of products will not bring you good results. If you’re products many products then you will see disappointment.
Select the unique product and promote it.
Gaining the marketing knowledge and need of the products before promote from your blog or website.
Choosing the product is the key as an affiliate to make money.
3. Use Many Traffic Sources
The key to make more money from affiliate marketing is, you need to get more traffic to your product page.
If you want to get more traffic to your product page then you may use Google AdWord in order to get more visitors to your blog or product page.
4. Targeted Traffic
The core function to make money from affiliate marketing is, you need to send more visitors through your affiliate links.
So it’s clear that you need to attract more targeted traffic or visitors to your product page.
Best Traffic Sources are,
If you’re using paid services like Google AdSense (paid advertisement) then you need to combine your image and affiliate links perfectly.
There are many free advertisement websites like Craigslist or US Free Ads help to bring more visitors to your websites.
Make use of article submission websites like Ezine and more to republish your article to get more people to your product page.
It’s very common that people who submit their article with article submission website will get good rank in search engines.
Also Read: How to earn money from adsense?
5. Test – Measure – Track
Testing, measuring and tracking any action will help you to explore what works and what does not.
This testing phase helps you to track take your business toward profit.
For an instance, if your widget ad is not gain for you then you can place in different position and measure the results.
Tracking is the best way to measure which ad brings more profit.
6. Product Needs
Through daily, weekly, monthly, quarterly and yearly traffic, you can easily measure the product sales.
Product sales chart or report will help you to figure out all about the products details.
Doing more research on product demand will help you to provide more info towards profit path.
7. Find out Technics and New Methods
As we know that affiliate marketing is trending and many people dive into affiliate business.
Hence you to do read many articles and participate into webinar and seminar to know the new methods and Technics to earn more money from affiliate marketing.
8. Choose Right Advertiser
The quality of the product or service is very important which you are promoting through your website.
If your clients or visitors are unhappy or dissatisfied who purchased the products from your affiliate link, will affect your credibility.
So it’s very important to choose the right product or customer service when you promote through your blog.
There are many affiliate tools available to promote your product effectively.
Doing many market researches, competitor research, tracking and conversions through affiliate tools will help to take your affiliate business to the next level.
10. Top Affiliate Tools for Link, Track and Monetization
11. Mobile Affiliate Marketing Method
It’s very common that doing affiliate marketing through website. But the amount of Smartphone usage tends to do the affiliate marketing through mobile phones.
Doing mobile affiliate marketing is very simple that you need to create mobile app in order to promote.
Ensure that your mobile app has product details and affiliate links embedded.
Make sure that your product app is user-friendly and visitors are able to use your app effectively (inventory).
Do regular measure that your mobile is compatible with all kind of mobile versions.
If are set good with all those then you’re good to start mobile affiliate marketing effectively.
Top Affiliate Networks to Join
I guess I’ve given the best ways to make money from affiliate marketing. If you would like to make money from home then affiliate marketing is good choice.
Just start a blog and load quality contents based on your products and bring more visitors and earn money from blog.
Now join with the legit affiliate programs and be patient until you see good results.
If you want to get success in affiliate marketing then you need to work, work and work hard.