While it may sound like a relatively new form of marketing, it is as old as online selling itself. You receive a commission every time a person buys an online product based on your recommendation. So, what would be the definition of affiliate marketing then.
In many ways, affiliate marketing is a modern version of traditional commission selling. Somebody (an affiliate marketer) sells products on behalf of somebody else (an affiliate merchant) and gets to keep an agreed percentage of the proceeds.
.
On point! This is the most important step that many bloggers often skip when they’re trying to grow, or using affiliate marketing. As you said, knowing the audience is the big step.
Do you know that currently, the affiliate marketing industry is worth more than 6 billion dollars? Have you ever wanted to earn money online? You would be surprised to know that affiliate marketing is one of the easiest and most scalable ways to make an online money-making machine.
Here’s the thing, if you want to be successful at affiliate marketing, you need to be more than just a cookie cutter website. (Suggested reading: How Much Is My Website Worth?).
For example, two of the most linked-to articles on the site are $1000 giveaways for people to watch Marvel and Star Wars movies.
If you want a more detailed review of Wealthy Affiliate, check out the thorough review that I did on Wealthy Affiliate for my other website: Wealthy Affiliate Review
So, before you go live with your blog, create at least 4-5 piece of content that target high-volume keywords. Then, keep updating your content regularly; as for generating traffic, we’ll be discussing traffic tactics a little later on in this guide.
One of the biggest challenges you’ll face when building an affiliate marketing business is finding the best affiliate programs for beginners.
As a YouTuber I regularly earn $1,000 – $2,500 a month from affiliate marketing without a lot of extra work. It’s one of my most passive income sources yet earns me hundreds of dollars each week.
Its affiliate program has a generous affiliate commission structure with a really helpful team.
Social networks are a great way to recruit affiliates and maintain long-term relationships with them. Here are some ideas on how to find affiliates on Instagram, Facebook, and Twitter.
The biggest benefit of joining these networks is they can help you steer your affiliate marketing in the right direction due to their years of experience and expertise. You can directly talk to their support representative or go to their knowledge hub.
I didn’t want to do everything myself. I chose to sign-up with a bigger affiliate network. Not only did I have more products to choose from, but people knew the company. This gave me an edge in creating a bigger affiliate campaign on my site.
They offer flexible payouts starting with a progressive tiered payment structure. The more leads you bring in a month the higher you will be paid per lead.
For affiliate marketers, there is a large selection of dating services such as Match.com that offers a 50% commission on sales to its affiliate marketers.
Like the other affiliate networks, Shareasale has merchants and offers to promote in a variety of niches.