Affiliate marketing helps you earn money online by promoting other people’s products and services. It is a great way to generate passive income after the initial effort of getting people to see your affiliate offers.
I know from experience that beginners find it challenging to understand how to make money from affiliate marketing. There are so many resources on the Internet about the topic, and people making all types of claims (how to make money while you sleep with affiliate marketing – is a popular one), which creates a big confusion.
In this post, I’ll give you the exact steps to follow to succeed with affiliate marketing and start making money. It’s not a get-rich-quick scheme, and it won’t happen overnight, but for sure, it’s the best approach, and it works. 30% of the income generated from this blog is coming from affiliate marketing revenue and is increasing steadily year by year.
Plus, I’ll provide you with several examples of what it takes to make $100 per day with affiliate marketing and how to get that to $1,000 per day.
How to Make Money with Affiliate Marketing
1. Create a Content-Rich Website
With affiliate marketing, you make money by referring people to the products they need.Some affiliates use their social media profiles or YouTube channels to share products with potential buyers. However, the most common (and effective) way to get people in front of your affiliate products is to have your own website.
2. Get Targeted Traffic From Google
As you enrich your website with high-quality content, you’ll need to devise a strategy for driving people to your site to click your affiliate links and ultimately make purchases.There are several ways to get visitors to your site. The best of these traffic sources is search traffic from Google and other search engines.
The reason traffic from Google is so valuable is that it allows you to focus on a highly targeted group of people.You ultimately need people to make purchases if you want to earn any money so you don’t want random or uninterested people on your site.
3. Promote Products That People Are Actively Searching To Buy
After you’ve honed in on good keyword targets, your next focus is to choose the products you want to promote.There are several key qualities to look for, which we’ll go through in the next few steps of our guide on how to make money as an affiliate marketer.
The first is to promote affiliate products with consistent demand. The thought behind this is simple. You need to promote products that people are actually searching for if you hope to generate sales from your marketing efforts.
When creating your plan to get targeted traffic, you will naturally get an idea of the types of products people are searching for. The process will also expose you to specific solutions and brands so that you know the top options in your niche.
While looking for products with an active interest, keep an eye on the level of competition in the niche. The more competitive the keywords are for certain types of products, the harder it will be for you to rank and drive traffic to your site.
4. Promote Products That Sell
In addition to marketing actively searched products, it is vital that you promote products that sell. By this, I mean promoting products with a high conversion rate.Conversion rate is a metric that measures the percentage of people that complete a purchase after seeing your products.
A high conversion rate means you are drawing maximum value from your web traffic.When searching for high-converting products, start by identifying the best solutions in your market. High-quality products from trustworthy brands will naturally perform better than those that aren’t as good.
Price is another important factor that you’ll need to consider. Generally, lower-priced products convert at a higher rate than more expensive ones.
The nature of a product will also affect how well it converts. If you promote commodity items, you can expect higher conversion rates. On the other hand, if you promote high-consideration products that buyers want to thoroughly evaluate before making a decision, you may experience lower conversions.
5. Promote Products That Offer High Affiliate Commissions
High-converting products will help you make money with affiliate marketing, but it is also important to promote products that pay high commissions.If you earn higher commissions for each order, you need fewer sales to hit your income goals.
6. Optimize Your Affiliate Links To Get More Clicks
Affiliate links are how you earn money for sales. When a customer buys an affiliate product after clicking your link, the affiliate merchant will credit you with the sale and pay you the appropriate commission as agreed upon in the program details.