Are you looking to learn how to get a good job in affiliate marketing? You’re not the only one. Online marketing is an ever growing and ever changing industry that can lead to many paths and career options.
The Ultimate Beginners Guide on How to Get a Good Job in Affiliate Marketing. Discover a 6-step process to get you the job or promotion you have always wanted! Learn how to Get A Good Job in Affiliate Marketing using the “Expert Method” and build your dream career.
What Is Affiliate Marketing?
In affiliate marketing, you earn a commission when someone clicks on your unique referral link and makes a purchase after clicking on the link.
As opposed to other ad types which pay based on clicks or views, affiliate marketing works on a CPA (cost-per-acquisition), or CPL basis (cost-per-lead) instead. As a result, you only earn commissions if someone takes an action such as buying a product or signing up for a free trial, which is when you earn a commission.
It is for this reason that affiliate programs pay out much higher commissions to publishers compared to Google AdSense or any other type of advertisement since there is less risk for the advertiser.
A more hands-on approach is required when it comes to affiliate marketing. In order to have a successful online business, you must find a product or service that you believe will be helpful to your customers. As a result, you will have to strategically add the referral link to your blog posts and other parts of your site so that your users can use the link to purchase the product you have referred to them.
Here are a few examples of popular affiliate marketing blogs to give you a better idea of what they look like.
NerdWallet is another popular website that earns money by promoting financial products to its audience in order to make money. The website publishes reviews of the best credit cards, mortgages, and banking services on the market.
This is one of the most well-known product recommendation websites from The New York Times, Wirecutter. As part of its affiliate program, it publishes product reviews and ‘best of’ lists for all types of affiliate products, including kitchen tools, Home Decor, Pet Supplies, Software, and many more.
3. Lucie’s List
Luce’s List is a blog dedicated to affiliate marketing for new and expectant parents. You will find a variety of buying guides on the blog that will include affiliate links for strollers, car seats, bottles, high chairs, and other baby products.
How Affiliate Marketing Works
The term affiliate marketing refers to a sales model in which a company pays a third-party to sell their product or service on their behalf. In case you have ever listened to a podcast or watched a social media influencer promote a product, then you have heard about affiliate marketing. By recommending products or services to their audience, they get a commission based on any sales that are generated as a result of their recommendation.
When you choose an affiliate marketing program, you’ll receive a unique link or code that will allow the companies to track every customer you send their way after you have selected the program. As long as a customer purchases the product through your link, you will earn a commission from the sale.
If you are looking for affiliate programs, you can find them directly through a company or through an affiliate network like ShareASale. It doesn’t matter how you look at it, here’s how the standard affiliate program works:
- Your website, blog, or social network is a great place to promote Store B.
- Your unique link is clicked by someone.
- In the store B, they make a purchase.
- There is a record of the transaction kept by the company or affiliate network.
- Store B confirms that the order has been placed.
- As a result, you receive a commission.
What Are Affiliate Networks? Why You Should Join Them?
An affiliate network acts as a middleman between you (the affiliate marketer) and merchants (companies that want to sell their products through affiliate marketing).
Merchants benefit from their platform as a service, as it allows them to list their products, track affiliate traffic, manage affiliates, and send payments to their affiliates.
They offer affiliate marketers an easy-to-use platform that will allow them to search for products, sign up as affiliates and track the performance and earnings of their campaigns.
The following are some of the most popular affiliate networks that you can join if you wish.
- Amazon Associates – There are millions of products available on Amazon, making it the world’s largest eCommerce store. You can sign up for their affiliate program and start earning money by sending people to a website they already use for their online shopping and referring them to their affiliate program.
- ClickBank – Is a large online marketplace that allows you to sell digital products from a variety of different vendors in a variety of categories. For affiliate marketers who are new to affiliate marketing, it is an easy-to-use program with a lot of learning resources.
- CJ Affiliate (Formerly, Commission Junction) – A top affiliate network with an enormous number of merchants and products that are neatly organized in categories and are easy to search through. CJ is used by a number of companies including GoDaddy, Expedia, and many others.
- ShareaSale – It is one of the largest affiliate networks with a wide range of high-paying affiliate products for almost every category you can think of. WP Engine, one of the most popular WordPress hosting companies, uses ShareASale to manage its affiliate program, for example.
What affiliate networks should you join in order to make money?
It is a good idea to join affiliate networks that have products that you want to promote. It is possible for you to join multiple affiliate networks in order to promote different products. All of the above networks, as well as a few others, are used by us.
Please make sure that you always check the policies of the network program you are participating in. Moreover, you need to take the time to review the individual program policies of the products and merchants you are interested in. As a result, you will have a clear picture of your earnings, payments, additional incentives, and more based on this information.
How Much Money Can You Make With Affiliate Marketing?
It’s true that the amount of money you can make can vary wildly – it honestly falls somewhere in the range of zero to millions of dollars.
It is important to note that the type of offers you promote, how much traffic you bring to the site, and how well you know other online marketing skills, such as email marketing and search engine optimization, will directly affect your income.
The following post will give you a pretty good idea of the earning potential that can be gained from different types of promotions.
What Are the Benefits of Affiliate Marketing?
As you now understand what affiliate marketing is and how it works, let’s take a look at some of the top benefits of affiliate marketing.
1. Potential for high earnings
It is estimated that affiliate marketing has a six-figure earning potential for newcomers. You might not be able to bring in that kind of money right from the get-go, but there is real potential for affiliate marketing to replace your 9 to 5. It has been reported that Pat Flynn, for instance, has earned up to $170,000 per month because of his affiliate marketing business, according to a report by Business Insider.
It is also through affiliate sales that Rohan Kadam, the founder of Biking Know How, has been able to transform his blog from a passion project to a successful online business. I was able to scale my [affiliate marketing] business, especially during the challenging COVID pandemic, and I was able to make it profitable in a short period of time.” So Rohan quit his full-time job at JP Morgan Chase and is now a full-time blogger and affiliate marketer.
2. You don’t own the products you’re promoting
It is the case that most public affiliate programs are larger and do not require you to purchase any of the products you recommend, such as Amazon Associates, which is one of the largest programs. As an affiliate, all you need to do is join their program, grab your link, and post it on your website or page.
If you’re just starting out, it’s a great way to get your business off the ground because you don’t have to invest a lot of money into physical or digital products from the start. The best way to find out which types of products and services are gaining the most traction with your audience is to take some time and experiment with them.
3. It’s a passive income source
As soon as you’ve established the groundwork for keeping traffic coming to your site, you’re pretty much ready to go. In order to get started, all you have to do is choose the right affiliate partners that will appeal to your audience and post links to them. As long as you keep your unique links and codes visible on your website, you will be able to continue to earn recurring commissions from your site as long as you keep them visible.
Affiliate Marketing Tips to Increase Earnings
The basics have been covered, now let’s get into some more tips on how to actually make money from affiliate marketing now that we have covered the basics.
1. Make sure you choose good products and companies to promote
The affiliate marketer does not have any control over the future of the products that he or she is recommending as an affiliate. Because of this, you need to make sure that you are recommending to your clients the best products from reputable companies so that they will get the most value for their money.
In order to achieve this goal, you should recommend products and services that you have actually used and that you are happy with, as this is the best way to do it. If you would like to recommend a product that looks useful, then please feel free to contact the company in order to learn more about their product.
The majority of companies will be glad to provide you with a free account or copy of their product or service if you ask nicely enough.
2. Make sure you keep your audience in mind when writing
Make sure you keep your website’s audience and their interests in mind when choosing a product for your website. As an example, if you run a fashion blog, then you would want to promote fashion accessories, clothing, and similar items that you think your readers would like to purchase, for instance.
Furthermore, you have to make sure that you are not just recommending products based on the fact that they are offering a higher commission to you. In the event that a user buys a product based on your recommendation, and that product does not turn out to be useful, they will no longer trust your recommendations in the future.
3. Ensure that the content you offer is highly useful and valuable
Affiliate links and banners can be added anywhere on your WordPress site in order to make money. It is important to note, however, that simply including links to products will not result in your users actually purchasing those products.
If you want to convince your users that your product is the right one for them, you need to provide them with valuable and useful information. It is common for affiliate marketers to do this by writing in-depth product reviews, video reviews, and product comparisons with pros and cons, for example.
4. Create a newsletter that you can send to your subscribers
One of the best ways to increase your affiliate income is by promoting affiliate products in your email newsletter.
This is due to the fact that email marketing is direct and ongoing. The moment someone signs up for your newsletter, they’ll receive amazing deal notifications and product recommendations straight to their inbox every time they subscribe.
In order to convince people to sign up for your newsletter, you can use a tool like OptinMonster to get them to do it.
There is no doubt that OptinMonster is the best email capture tool available on the market. Create eye-catching newsletter opt-in forms quickly and easily by using the drag and drop builder and 400+ templates that are already included in the builder.
5. Selling dropshipping products is a great way to make money
You can not only promote affiliate products on your website, but you can also diversify your income by selling dropshipped items as well.
As a dropshipper, you accept orders from customers without having to maintain any inventory of products on hand. You place the order with the original vendor when a customer purchases a product from your site, and the original vendor will ship the product directly to the customer once your order is placed with them.
How to Start Affiliate Marketing
1. Choose a niche for your business
An industry niche can be defined as a segment of a larger market that is characterized by its own unique characteristics. As a result, it becomes your specialty and the topic for which you will be known. I can see travel blogging as an affiliate marketing niche, just as pet care or tiny homes could be niches in affiliate marketing.
Easy Affiliate has found the following to be the top affiliate marketing niches:
- Lifestyle and wellness
- Personal finance
- Pet care
It is important to note that these are not your only options. There are hundreds of options available to you. How do you go about finding a profitable niche that you are interested in and that you are passionate about? Take a look at the following:
- Would you like to know more about the niche you are interested in? The longer you work on your topic, the more likely you are to become a subject matter expert. In order to achieve expert status, one must constantly learn and stay up to date with the latest trends in the industry.
- Is it possible for you to solve problems? It is not uncommon for affiliate marketers to have special training or experience in a particular niche in which they specialize. As a result, they are able to present information in new ways and help people find solutions to problems in new ways.
- Do you think it is profitable? You can find out how popular your niche is by running a quick search on Google. It is important to check how much competition there is in the space you are interested in. It is a good idea to read market reports. There’s nothing wrong with having a busy niche, because it means there are people who want to buy it, and that means it’s a good niche.
The idea is to choose a niche that you are interested in and that you enjoy. There is no guarantee that you will be earning six figures overnight. Running an affiliate business requires a lot of commitment and time on your part. In the event that you already enjoy what you are doing, you will be more likely to continue doing it regardless of how much money you make.
2. Select the platform that best suits your needs
Choosing the right platform for your business is the next step in the process. It is important to note that each affiliate marketer has a different platform and approach.
The blogger Ryan Robinson, for example, has an Instagram account, but his main source of income ($300,000 or more per year) comes from his blog, which he writes on a daily basis. In addition, there are affiliates that concentrate solely on Instagram or TikTok so as to earn affiliate commissions.
As a beginner, there are two main methods you can choose from in order to get started:
Niche topic or product review site
A lot of these sites review products for a specific audience and compare them with each other in order to determine which one is the best. A website like the Wirecutter of the New York Times can also publish buyer’s guides and tutorials to help customers make buying decisions, such as a buyer’s guide on the Wirecutter website.
Bloggers, social media influencers, and YouTubers are among the content creators. It is important for them to continuously publish content that resonates with their audience in order to gain influence and encourage clicks from their audience.
One example of how Ryan Robinson’s blog focuses on freelancers is a good example. In order to attract an audience and promote the brands he is affiliated with, he regularly posts new content related to freelancing in order to draw in an audience.
Affiliate marketing is a form of marketing that relies heavily on authenticity and audience engagement. It is likely that your audience will not buy the products you recommend if you cannot connect with them.
Are you unsure of which platform to choose? Make sure that you start on a platform that you are comfortable with. Make Instagram your platform if you enjoy creating social media videos on a daily basis. Maybe it would be a good idea for you to start blogging if you are a good writer. You will be able to create content that connects with your audience and drives affiliate sales if you create it on platforms you already understand.
3. Identify affiliate marketing programs that are relevant to your business
There are a lot of affiliate marketing programs available on the internet. In fact, according to Mediakix, 80% of companies use affiliate marketing as part of their marketing strategy. Therefore, it’s vital that you find the program that is right for you by doing thorough research.
Make sure that you do not just focus on high-paying affiliate programs but that you engage in the research to find affiliate offers and products that will appeal to your target audience as well. When choosing an affiliate program, there are a few things to keep in mind:
- Does the program have a good reputation in the market? There is no point in working with a partner who people do not trust. The good news is that affiliate networks such as ShareASale and Clickbank vet programs and present you with merchants who are reliable and profitable.
- What is the commission rate of the program? Is it a good rate? It is important for you to earn a good amount of money for your time and effort. There are many programs out there that pay upwards of 10% to 20% commission on every sale made. It is important that you choose a rate that works for you.
- Do you think it has a high earnings per click (EPC) rate? EPC is an industry-wide metric that provides an overview of the average affiliate earnings per 100 clicks across a merchant’s affiliate program across the entire industry. It is possible to see this information for each merchant on networks like ShareASale. As an example, Modern Nursery pays a 5% commission, but its EPC is $38.20, which means that you could make almost $40 per click if you promote it.
In order to run a successful affiliate business, you need to find the right programs to promote. For example, True Crime Obsessed is a comedic podcast where best friends and hosts Patrick Hines and Gillian Pensavalle discuss true crime documentaries with a comedic twist on a daily basis.
Through the use of this very particular approach to a very popular niche, they have managed to garner over 70 million downloads in one year, and they also have the Obsessed Network with six other offshoots.
As a podcast, the podcast promotes a variety of different products and services throughout the episodes as well as a dedicated promo code page geared towards its specific niche.
4. Create content that is valuable to your audience
Statistically, Statista reports that in 2019, people spent an average of 170 minutes online, globally, in 2019. It is clear that people are consuming content, but if you want your content to stand out from the rest, you have to make yours valuable to your target audience.
In order to do this, blogs are a really good way to do it. A recent study conducted by Findstack found that 65% of all affiliate marketers generate traffic solely through blogging. It is recommended that new affiliate marketers should focus on publishing high-quality content in order to build an audience which is highly engaged, according to Kelly Marohl from The Greenspring Home. It will pay off in dividends in the future! ”
It was reported by Statista in 2020 that on average, people around the globe spend 145 minutes each day on social media, according to Statista. In other words, if you are asking if you have to have a website in order to be an affiliate marketer, the answer is absolutely not.
Promoting your content on social media is one of the easiest and most free ways to reach out to the people who might be interested in your content. You can use your pins on your various boards on platforms such as Pinterest to earn affiliate commissions by using affiliate links.
In the world of affiliate marketing, there are plenty of affiliate marketers who only operate on social media, such as @amandacerny, who became an influencer through vlogs that she posted on YouTube and has now become a prominent influencer and affiliate marketer on Instagram with over 24 million followers.
You should research and understand search engine optimization (SEO) if you have a blog. A report published by Brightedge in 2020 said that organic social media drives over 1,000% more traffic than SEO. You must do some keyword research and implement SEO well in order to be able to reach your target audience. Another way to keep those customers who have already visited your website interested is to use email marketing.
5. You need to build an audience in order to succeed
In order to build an audience, you have to first reach out to them. By creating an email list, you will be able to directly reach your target audience. Your email list will allow you to send out newsletters, updates on new content, and exciting offers directly to anyone who signs up to be a part of your mailing list.
The best way to increase traffic to your website is to follow and tag influencers who may be interested in your niche if you are mainly operating on social media. To increase the traffic to your website or social media page is the name of the game, and you have to do whatever you can to make this happen.
After you have managed to draw them in, the next step is to build trust between you and your audience so that they will continue to return to your content. “Write on topics that will create value for your audience, help them connect with you, and help them make a better and more informed decision with respect to the choices they have,” advises Deefaz from PageOneCoffee.
In order to gain a quick buck from your audience, please do not just try and sell anything to them just to make a quick buck. There is no doubt that when they feel that you genuinely care about them, they will be more inclined to trust you.
6. Be sure to follow the rules and regulations of the FTC
In order to protect consumers from deceptive marketing practices, the FTC was established. Sadly, there are affiliate marketers out there who are more than willing to promote scams and misleading products and services in order to make a quick buck, and it is not uncommon for them to do so.
It has been mandated by the FTC that affiliate marketers disclose their financial relationship with any brands or products that they are promoting in order to prevent this from happening. In short, if you want to remain compliant with the Federal Trade Commission (FTC), you need to always inform your audience that you are getting compensated for promoting the products you’re promoting, and you must always let them know when a link leads them to an affiliate website.
- The FTC’s Endorsement Guides: What People Are Asking
- FTC Disclosure for Affiliates: The Definitive Guide
Affiliate marketing can be a great opportunity for beginning your online business. It is much easier to begin with affiliate marketing, than it is to start a business that involves manufacturing products and selling them directly to customers. There is also not someone watching over your shoulder, analyzing every move you make, and if you are new to the world of online business, this can be a relief, too.