Fortunately, affiliate marketing isn’t particularly challenging to learn. You can set yourself up as an affiliate, start placing links, and jump on the path to earning money from affiliate commissions, all within a couple of hours. The trick is to understand how to do it all correctly so that you can maximize your profit.
At the end of the day, before becoming an affiliate, you have to align your expectations to your earning potential. What kind of industry or niche you operate in, and what kind of work you do depends a lot on how much you want to make.
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So, now that you know some of the basics, we can talk about the types of affiliate marketing that you can take part in. Each one of these options has its own unique benefits so I would suggest choosing the ones that are most intriguing to you.
Imagine losing all of your audience just because Google decides to change their algorithms, again. 😨
Again, as an affiliate, you should only be promoting products or services that you have tried or tested, or at least believe in. Remember that authenticity is the name of the game, and users will see right through it if you’re just trying to make a quick buck or two.
Your niche will make it much easier to create content and grow your site. It’ll give you a way to differentiate yourself from other sites in your space and give readers a reason to keep coming back.
Similar to banner ads, you can create images that showcase the product in action. This will help your readers to understand how to use the product. It can give them ideas of functionality or just a better view of what they will receive with their purchase.
This is a huge niche with a lot of opportunities. You can take it in several directions from supplements, to workouts to diet. There are a ton of affiliate products to choose from depending on what direction you choose.
High-quality content, such as this blog post by Neil Patel, is crucial to an effective sales funnel.
Certain state permits and licenses may be needed to operate an affiliate marketing business. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits.
1. Amazon Associates If you're in the US or plan on promoting e-commerce products, Amazon is a great place to get access to millions (billions?) of products and be able to build an affiliate link for each one. At the time of this writing Affiliate, commissions range between 2-8% depending on the product promoted.
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Pinterest is one of the best ways to build an affiliate revenue stream because pins have a long shelf life. While the life of a tweet is measured in minutes or hours, the life of a pin can be measured in months or even years.
To make money with affiliate marketing on Instagram, you need to know exactly how Instagram works. You can only put a link to your affiliate offer in your bio. This makes it a lot more challenging to generate clicks through your referral link.
Another option is looking into products and services that you use to see if they offer affiliate programs. Big companies like Amazon have the Amazon Associates Program. The e-commerce platform Shopify offers its Shopify Affiliate Program. Another option is Wix, which gives affiliates $100 for every conversion. Tripadvisor offers at least 50% of the commission they receive from their hotel booking partners. As an affiliate, you will link to specific hotels on Tripadvisor, and when a user comes to their site via your trackable affiliate link – you get paid. Tripadvisor states on their affiliate’s page that “You still get paid when users click out to our hotel booking partners, regardless of whether or not they book.”
Google Adwords can be used to drive targeted traffic to a sales page. You simply make an ad in your adwords account then use your affiliate link in the target page URL of the ad. Obviously, you will have to continuously measure the conversions and see if the campaign cost is less than the campaign profit in order to keep the campaign running but I am sure you get the idea.
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