How to earn money online? The biggest and prominent search over the internet. Thousands of people are still confused about making money online. So, we have come up with the best methods of making money online but for that, you need to start your own blog.
Don’t know about blogging? We have a guide for you about How to make a blog which will help to create your own website within 20-30 minutes.
What if I tell you that there are plenty of methods to earn money.
We have already made a guide of Top 10 proven ways to make money online.
But in this guide, we have mentioned the most popular method known as “Affiliate Marketing” to make some passive income through blogging.
Let’s understand the basic concept of Affiliate Marketing.
What is Affiliate Marketing
Affiliate Marketing is a process by which an affiliate person or group earns a commission by promoting and selling another’s company or organization product through a special link. The affiliate person simply mentions the product and then promotes the product and earns a portion of the commission from each sale whenever someone buys the product from that special link shared by the affiliated person.
How does Affiliate Marketing Works?
Affiliate Marketing works like a referring system. You have to refer or promote a product or its services on your website or social media platform to encourage your readers to click on your affiliate link to buy that product or service.
Basically, in an affiliate marketing 3 parties are involved:
1. The seller or owner of the products or services
2. The Affiliate or advertiser
3. The consumer
The seller or owner of products or services can be an individual entrepreneur or a large enterprise with a product or service. They pay a portion of the money earned by selling that product by an affiliate.
They do not have to be involved in selling or promoting that product but they will be responsible for paying out the portion of the profit made by the affiliate.
The Affiliate or Advertiser can be an individual or company. They will be responsible for persuading people to buy the products from his special affiliate link.
The affiliate promotes the product or service to their social media or website to make people aware of the product and convince them to make a purchase. So, whenever a person purchases that product from the advertiser link. The advertiser will receive a portion of the commission from the owner of that product or service.
The consumer is the ultimate pillar for both the owner and advertiser of that product or service. Without consumers this chain is incomplete.
Whenever a consumer buys the product from that affiliate link and receives the product normally, the seller and advertiser share profit between them in agreed terms.
Sometimes, the consumer is completely unaware of that affiliate structure but most of the time, the affiliated person discloses the information that they will receive a commission if someone buys that product from his affiliate link.
How to Start with Affiliate Marketing
Getting started with affiliate marketing is one of the best decision for anyone who chooses to make passive income online. But before starting you need to have a website. However, it is not mandatory to have a website, you can also use your social media platforms to share your affiliate link if you have a huge fan base who trust your advice.
But it is recommended to have a website so that you can build an audience from your website and convert your clicks into sales.
Looking for creating a website, here is a guide on How to Start a Blog to help you to create your website within an hour.
After creating a website, the first and foremost step is to choose the best theme for your website
Note: I’ll recommend you to go with premium themes
However, if your budget does not allow you to go with premium, here is a list of Top 10 Best Themes for WordPress which will help you to choose the fast and user-friendly theme for free.
After choosing a theme, install necessary plugins for your WordPress website, here is a list of Top 15 Best Plugins for WordPress.
Now, after having a website with all the completion of necessary steps, you have to decide which affiliate programs you want to join.
Let me help you to go with the details.
There are 5 steps you have to follow after creating a website to get started with Affiliate Marketing:
Find Affiliate Programs to Join
In this step, you have to find the best affiliate programs to join. There are hundreds of affiliate programs that you can join. Some of the popular Affiliate Programs are Amazon, ShareaSale, Hostgator, Hostinger, Appsumo, etc. You can join any program that suits your website niche.
There are three types of Affiliate Programs:
These types of affiliate programs are best for niche related website. For example, If your website is based on a software niche you have a low-volume affiliate program but that program will pay you in a big amount compares to other affiliate programs.
These types of programs are general affiliate programs and have a huge competition in the online market. In this affiliate program, you will only earn a bit of that product but you have a vast choice of products. Platforms like Amazon give almost 10% on some category of their products.
These types of affiliate programs have a huge mass of volume and also provides you with a high payout. But, personally, I will not recommend you to go with these types of affiliate programs as this program consists of credit card affiliates. So for beginners, the above 1 & 2 types of affiliate programs are best.
After choosing your affiliate program let’s move to the second step that is creating quality content for affiliate links.
Create great quality content for affiliate links
To get succeeded in Affiliate Marketing, you have to create great content where your affiliate links fit naturally. If it looks cheesy to your audience your click links do not even get clicked by viewers. So, you have to balance your affiliate links by inserting them into their proper and suitable place. Remember neither insert it in the very beginning nor in the last.
If you insert it in the beginning, your audience will not go to click on that before reading your article or if you insert it in the last, not every audience will read that much. So make a balance where you can insert it naturally.
Drive Traffic to your affiliate website
Now you have created great content and inserted your affiliate link in it. The next step is to drive traffic to your site to make sell your affiliate products. You have to share that article in which your affiliate links are inserted to your social media platforms to convince your users to read your review on that product and purchase it.
Driving traffic involves three steps.
Let’s get into it:
This method works with PPC (Per Pay Click). Paid Traffic means paying for traffic. For example, you have to pay google for some keywords to rank it in Google SERP. This method requires some investment, so if you can spend a fraction of money on paid traffic, you will surely get traffic from Google.
Another popular method to drive traffic to your blog. The email list will help you to get connected with your readers anytime. You can share your blog post or affiliate products to your email list.
Creating an Email list is so easy with newsletters. You can persuade your readers to sign up for your newsletter by offering some valuable thing or even if you do not offer, your content should have self-convincing power to urge readers to sign up to your newsletter to get future updates.
You can’t defy the power of SEO. With the help of SEO, you can get consistent traffic from search engines like Google, Bing, and Yahoo.
As long as your keywords rank in Search Engines. You will get consistent traffic from Search Engines. This is one of the best methods of all because it does not require your investment like PPC (Paid Per Click) method. You have to find a low difficulty keyword to rank better in SERP with high authoritative websites.
Get Clicks on your affiliate Links
Driving traffic is not enough to help you to make income with affiliate marketing. Your links should be clicked by your readers. To get clicked on your affiliate link by your visitors, you need to take care of link placement because link placement has an 80% role in your affiliate marketing and the rest would depend on your context.
Link placement means, where you should insert your affiliate links in your review. You have to insert it naturally in your blog. Your post must have convincing power to get clicked on your affiliate links.
Note: Invalid clicks or invalid sales will not help you to earn a commission, Affiliate programs know the CTR (Click Through Rate), doing invalid clicks will also be led to a ban of your account. Be Fair in Affiliate Marketing!!
Convert clicks to sales
Getting clicks on your affiliate links is the first conversion and it is under your control. You can influence people by different tactics to get clicks on your affiliate links. But it is not guaranteed that your clicks will definitely get converted to sales.
The second conversion is the visitors purchasing the product. The first one is under your control but in this conversion, the merchant will handle the checkouts and this is out of your control.
Well, you have to search over the internet for income reports of other bloggers from Amazon Affiliate Programs and promote the same product, so that you can also get some clicks on that product links.
Write an honest review about the product, its pros as well as cons because your readers trust you, and your honest review about the product will give them the idea of its features and drawbacks. Your honest review will persuade your readers to purchase that product.
The above mentioned will help you to get started with affiliate marketing after creating a website. By reading the above you definitely have got an idea of What is Affiliate marketing and how does it work.
Don’t expect things faster. Affiliate Marketing will take some time until your website has enough visitors. Focus on creating the best content to make your first affiliate sales. After getting first, you will become self-motivated to make another sale and that is how you will expand your affiliate marketing and earn a decent amount of money from it.