The answer is yes. It is very possible to make a living and even a steady passive income from affiliate marketing. In fact, a report by Statista predicts that affiliate marketing spending will be $8.2 billion in the US alone by 2022.
Everything evolves, and there are tactics that don’t work the exact same way as they did before. Affiliate marketing, of course, is no exception to that rule.
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Study suggest that in email marketing, for every dollar spent you get a return of $40.
Another great use of Ahrefs is understanding competitors’ strength. If you know what your contenders are doing and how they are doing before even the battle got started, you can consider yourself standing ahead of them.
Turn this lead magnet into a professional-looking document with a design tool like Visme or Canva.
Once you start collecting email from your site visitors, you can send them mails with the link of your review articles.
Avoid promoting products that you don’t use or would never use yourself. It’s important to know what you’re promoting because if a product doesn’t meet your expectations, it’s unlikely that it’ll meet the customer’s expectations. And if they buy it on your recommendation, they will not trust you again.
Usually, most of your affiliate income will come from one or two “ringers” — core products that just about everyone in your audience needs and which also pay a good commission.
Now that we’ve got that out of the way, let’s talk strategy: how should you promote your affiliate links in order to generate a good income from affiliate marketing? High-paying, high-volume affiliate programsHigh-paying, low-volume affiliate programs (particularly great if you have an audience formed of businesses because they can afford to pay more – but the audience will be smaller Low-paying, high-volume affiliate programs (perfect for a consumer market as they don’t have as much money to spend but the audience pool is much bigger at the same time)
Outside of content creation and promotion, affiliate marketing can make you money at any time of the day or night, making it a nearly passive income option. And you don't have to be actively participating in the transaction to make it happen. If you have a system set up to keep things running, you have the potential for a great return with very little ongoing effort.
64% of women and 54% of men said they don't avoid clicking sponsored links from trusted influencers.
It’s also helpful to have things all set up beforehand so that your affiliates will only need to collect the money when the sales are made. Affiliates will appreciate if you provide all the necessary materials including email templates, videos, banners, and articles to make things easier on them.
You can use an email marketing automation tool like GetResponse, ActiveCampaign or ClickFunnels to execute this strategy.
If you have already decided on the product you are going to promote, then go ahead and search the product name in the search box provided.
The costs are minimal to start with – it depends though on what platform you’re going to use to promote your affiliate links.
Many sellers opt to work with an affiliate network to manage their affiliate marketing programs. The network handles third-party checks and manages relationships between sellers and affiliates. Some of the top affiliate marketing networks are ShareASale, ClickBank, and Rakuten.
Even though there’s a chance that the initial plan won’t work immediately, at least you’ve mapped it out so you can easily see where you can tweak things.