The affiliate marketing industry is booming rapidly. Over the past 5 years, the affiliate marketing industry has grown by 52%. According to Statista, spend on Affiliate marketing in the U.S. will hit 8.2 billion U.S. dollars by 2022, up from 5.4 billion recorded in 2017. In this article, you will learn how to start affiliate marketing from basic to advance level.
People who get to know the word affiliate marketing, fall in love with it because it is a great way to supplement your income from the convenience of your own home.
The top affiliate marketers are known to make six figures from the business.
- 81% of brands rely on affiliate programs to improve their business.
- 90 per cent of the advertisers said that affiliate marketing is important to their digital marketing strategy
- 64.48% of the affiliate marketers blog to generate traffic.
What is Affiliate Marketing
Affiliate marketing is a way of earning money by promoting other’s products or services. After joining their affiliate program, the seller or product creators provide special links to the promoters or affiliate marketers.
When a customer buys the product by clicking the referred link, the affiliate marketer gets a certain percentage of commission. The commission percentage is decided by the seller and varies for every product. The marketers find products from affiliate networks (Amazon, ShareASale, Flipkart) or individual affiliate programs (Web Hosting, WordPress theme) related to their niches and promote them on their blog, social media account, or referring to friends.
Why be an Affiliate Marketer?
#1. Make money while you’re sleeping
Yes, you have read it correctly. You can make money by affiliate marketing while you are on summer or winter vacation or at a party.
An office job is a no-work-no-pay type of job. Office employees become frustrated with their monotonic heavy work, with the boss’s angry face as an additional prize 😃.
While affiliate marketers invest limited time and make money even when they are not in front of the laptop screen.
#2. Work from home
In my opinion, work from home is the best facility for an affiliate marketer. You have the opportunity of earning decent money by spending time with your family. For those who don’t like to travel anymore, affiliate marketing is the best possible solution.
#3. Cost-effective even without no-cost
There is a various way of promoting products. It is not necessary that you have to invest money to start affiliate marketing. You indeed have to pay money to sign up and get a premium feature of some affiliates programs. But, there are plenty of affiliates programs that are absolutely free and genuine. The burning example is Amazon and Flipkart. If you want to promote products through the blog, then you have to invest a little money.
Click here to learn how to start a blog Step-By-Step Methods
How does Affiliate Marketing Works
Marketing is a step-by-step process. While the process proceeds through different Parties. In affiliate marketing, mainly three parties are involved:
- Product creator and seller
- Affiliate marketer or promoter or advertise
#1 Product Creator and seller
Any small, medium, or large company or business person or entrepreneur creates the product and then the time comes for marketing. 81% of brands prefer affiliate marketing. Creator of product focus on the improvement of the product rather than marketing. They listed their product to affiliate networks or introduced individual affiliate programs. When an affiliate marketer generates sell their products, the seller shared a percentage of profit with the affiliate marketer.
#2. Affiliate marketer
As an affiliate marketer, your focus is to get the maximum commission that means the maximum sales. Affiliate markers join affiliate programs and choose products or services related to their niches and started to promote them through their blog, social media, and various ways.
Internet users use social media, find solutions to various problems on google, YouTube, etc. Affiliate marketer writes articles covering many topics and recommends the product that can be the best possible solution for the customer. Customers click on the link and buy the recommended product. Sometimes affiliate marketers put coupon codes to get discounts, applying both parties become in a win-win situation.
Ways to do affiliate marketing
Most bloggers prefer affiliate marketing. There are millions of the blog that share reviews of the product and a study says that 37% of shoppers rely on reviews from review sites to make a purchasing decision and 63% of consumers find product reviews from a search engine query. The blog is the best option for promoting, reviewing, expressing the opinion about the product/service.
YouTube is the second biggest search engine next to Google. People love to see videos. You can create stunning videos to promote the product and put the affiliate link in the description.
Recommended Reading: How to make money from YouTube channel.
#3. Social media
I know many affiliate marketers are earning a lot by sharing selfies and personal opinions. Especially Facebook and Instagram are two of the biggest platform for affiliate marketing. Because people love to engage with social media for hours.
#4. Email marketing
Email marketing is the best way to get targeted customers. You have to send emails with affiliate links so that the customer can directly reach the targeted blog. Email also helps to remind users to visit your blog and that way traffic of the blog increases.
Ways that affiliate marketer gets paid
Pay per sale
Obviously, an affiliate marketer gets the maximum percentage of profit when a buyer buys a product by clicking the referrer link. The commission percentage can be up to 90 percent depending on the seller. If you collaborate with brands
Pay per click(CPC)
When a user reaches a landing page by clicking a link mentioned by the affiliate marketer, the seller pays money to the marketer.
Google AdSense also pays for Cost Per Click. But in affiliate marketing, the terms and conditions are determined by individual affiliate programs.
Pay per lead
Affiliate marketers persuade the visitor to take some action by mentioning links on his blog page. When the visitor takes any action like sign up, subscribe to a newsletter, taking part in a survey, sharing to friends, etc, the seller pays the marketer.
Others are reading: How to get a digital marketing job.
Start affiliate marketing: Step 1
Decide the Platform
As I mentioned before, you can start your affiliate marketing journey from any platform. But the most effective and easiest way is Blog and YouTube. Google and YouTube are the two biggest search engines so the probability of getting success in these platforms is much higher than the other.
Create a blog and find a product to promote. After choosing products write about them and optimize your blog for better ranking.
If you are planning to start the journey from YouTube the process is much easy, Just create a YouTube channel and start promoting a product. Put the affiliate links in the description.
Check out my article: How to make money from YouTube channel
Start affiliate marketing: Step 2
Select the niche
Niche selection is one of the most important of your affiliate marketing. If you start to write about any random topic, it will be useless work.
Chose a profitable niche and evergreen. Many bloggers lose enthusiasm and patience when their blogs fail to get traffic. More the competition the more tuff in the ranking.
Tips to choose niches:
- Choose the less competitive niche
- Find a profitable niche
- The niche should be evergreen
Start affiliate marketing: Step 3
Find affiliate programs to join
Always be selective while choosing an affiliate program. If you are just starting affiliate marketing choose popular affiliate programs. (don’t fall prey in the scam).
There are three types of affiliate programs:
- High paying, low volume affiliate program
- Low paying, high volume affiliate program
- High paying, high volume affiliate program
You may not find all products from a single affiliate program so you may have to join more than one affiliate program.
If your blog is launched on WordPress CMS, you can install Pretty links to manage a lot of affiliate links.
Start affiliate marketing: Step 4
Create High-quality content
Being an affiliate marketer your goal is to convince people to take an action. So you should target a certain type of audience. People love to read in-depth and detailed content before taking any action. To create high-quality and search engine optimized content. Don’t overuse affiliate links, rather than selling products focus on guide your use that will automatically increase conversion rate.
Start affiliate marketing: Step 5
Build an audience
After creating content, your focus should be getting traffic on your blog. Google does not rank new blogs so it takes time to get traffic organically.
If you want to drive quick traffic, paid traffic is one of the best possible solutions. That means you have to run advertise by paying money. The downside is that, when you stop advertising, traffic on your blog will become zero.
Getting traffic through SEO is the best and recommended method. You need to learn how SEO works and how to get a better ranking through SEO.
Start affiliate marketing: Step 6
Increase conversion rate
Your all hard work will be in vain if you don’t convert your traffic to a potential customer. First, redirect the visitor to the seller page and convince them to buy the product.
Best affiliate marketing programs
For physical products, Amazon is the best choice. You can almost every type of product and Amazon affiliate is completely free. The other most popular affiliate networks are.
- Commission Junction
- Rakuten Marketing
- Fiverr Affiliate Program
- eBay Partner Network
The Best Affiliate Programs in India
- BigRock Affiliate Program
I hope you have read the article on starting affiliate marketing as a beginner, from basic to advanced. Now it is your turn until you take action success will be far away from you. I am mentioning to you again that, it is not an overnight process. You have to work hard and keep patience to earn decent money through affiliate marketing.
Read also: How to make money from Facebook.
I think I have covered all the important steps in affiliate marketing. If I forgot to mention any point t let me know in the comment box.
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