I personally know bloggers who earn more than 5 figures a month from affiliate marketing. However, many bloggers earn a few thousand dollars per year — a decent side hustle.
An easy diversification strategy is to promote multiple products from the same niche.
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Rather than accepting everyone into your program, it is best to have a vetting process in place. In the same way that an ecommerce search marketing strategy impacts your brand's visibility, your affiliates also impact your brand image and reputation.
There are different approaches you can take when learning how to start affiliate marketing. If you’re looking for more of a hand-holding, community style approach, Wealthy Affiliate is a great option.
You can select any topic that you like and start searching for products around that particular category. If you have more than one niche of interest, look for the one that provides a maximum profit. In case you are not sure, look up the categories on Amazon or Walmart.
However, a few of its disadvantages or drawbacks is that it has around only 1,000 partners which is a low count compared to the likes of CJ Affiliate or ShareASale. It also has unpredictable payment nature for affiliates and only pays when commissions are collected from partners.
First, you need to sign up for affiliate marketing programs. Here’s where to look:
If you want to check if a company has an affiliate program or not, search Google for the company name and “affiliates” or “affiliate program”. You may be surprised to see how many online stores run affiliate programs. Walmart, Target, Home Depot, Chewie – they all have them.
Writing blogs and creating content can be time-consuming, so you may be surprised to find out how many sites will entertain the idea of you providing content for them in exchange for a nice, solid, authority backlink.
Now, here’s where it gets tricky. There are affiliate programs such as Target Affiliates that encompasses several brands within the program.
SEO Tip #1: Niche down. When you write articles for a niche audience, search engines (as well as your audience) start to recognize your site as a leader in your niche and push you up the rankings.
Affiliate marketing is also a great way to start earning money as a beginner because you can get started before many other ways to make money like ad revenue.
Some affiliates have implied this network is slow to pay out, but I’ve never had an issue with them.
Using a tool, like LeadPages, you can create a simple landing page where people can sign up for your webinar.
Product review is also a good way to promote your product. If you can write a good review on the product you are promoting, this can generate good sales for you.
Organic traffic through search engines is 100% free. Also, it ramps up with time. The longer you keep blogging and produce top-notch content, the more traffic you can expect.
The first thing you need to do as an affiliate marketer is to craft your strategy. I know that sounds intimidating but I promise, it’s simpler than it sounds. Here’s how you can get started in a few steps: