Affiliate marketing is a great passive income. Well, in retrospect affiliate marketing is the most common source of income for bloggers, video content creators or for anyone who has a successful website.
But, what exactly is it?
In affiliate marketing, the affiliate has a commission based income. So, the more effort you put in and the more sales you make, the better.
With affiliate marketing, you register as an affiliate partner with trustworthy brand in your niche. You can register with as many affiliate networks as you want. But, usually the affiliates register with only those advertisers that complement their already developed brand niche.
Then once you have done that, you will be given an affiliate link that you can start promoting through different marketing channels. Your affiliate links are very important. There’s no use if you are sending traffic to the sales page but not through your link. So, make sure you make people go through your link.
Basically, you make money with recommendations. But there are different terms and conditions for different affiliate programs. Here, the commission percentage also varies from brand to brand.
It isn’t easy to estimate how well you will earn with affiliate marketing though. The per sale commission isn’t a lot either. Your performance is going to determine your success in affiliate marketing.
It’s not exactly fast- cash source as once you have made sales it takes a little while for advertisers to process and make payment.
Making money online has become increasingly popular. People are desperately looking out for ways to earn real big money in no time. Rise in internet popultaion has led to discovery of numerous ways to make money online and affiliate marketing being the most popular and effective one in terms of high revenue generation.
So If you have already fallen in love with affiliate marketing, here are 5 best ways to make money out of it.
#1. Practice what you preach
You need to truly believe in the product you are promoting. You should genuinely use the affiliated products and services and give honest reviews.
- Select and promote
Don’t make the mistake of promoting everything that comes your way. You’ll end up getting overwhelmed. It’s better to be selective and then promote it effectively. You can always go for big brands like Flipkart or Amazon and who has a trusted reputation.
- Do it for the audience
Promote only those products that comes under your niche and is truly going to benefit your audience. Go for products that are going to satisfy your audience.
- Don’t lose your values
When you promote something, you indirectly support the company behind it. Don’t promote products that will make you question your conscience. Make sure your values align with that of the company’s. Later, you don’t want to lose your credibility over that.
- Let the affiliation be a beneficial addition
As an affiliate, you can go all in and promote as many products as you want. But that isn’t recommended. Because even though this might increase your revenue now, it can harm you in the long run. So, choose products or services that compliment your website.
- Your affiliate content shouldn’t be different from your usual content
It is better to Focus on a handful of products & can create content based on them. Too many products or services can ruin your content too. Also too much content about too many products will create shift of focus.
- Don’t let the competition get to you
Building trust is one of the hardest things to do but, losing it takes seconds. In the pressure to beat your competition, it’s understood that you might want to affiliate with every brand possible. Become an affiliate with products or services that you would would personally use. They should be of relevance to the people who follow you.
- The Right product makes researching easier!
You need to have complete knowledge of it. With too many products on hand, that becomes hard. You’ll even enjoy researching the product if you like what you are promoting.
You can’t successfully sell a product you don’t believe in!
#2. Strategize and plan effectively
Nothing is going to happen on its own. Powerful marketing is the key.
- Take risks
You need to buckle up and come up with new strategies and Plan ahead. Don’t be afraid to take risks. Come up with unique tactics.
- Don’t repeat strategies
Research on different marketing strategies you can adopt. However don’t put all your affiliation strategies in one product itself.
- Accept failure
You need to be ready to accept strategies that aren’t working out plans that are failing. Be quick in acting on those. You need to determine your targets properly and then create plans and strategies accordingly
- Use constructive strategies
You need to identify the products that are going to be favourable. Set up redirecting links for your affiliated products. Make sure you make the affiliate link or redirecting links are click worthy. They shouldn’t look spammy. You can even use affiliate plugins to save your time. Give extra offers to your audience. Add images to your affiliate posts.
- Don’t forget about the old affiliates posts
Keep optimizing your old affiliate posts too. Don’t forget those for the new affiliates. It’s a constant hustle. Your approach to promote them is going to make you standout.
- You need a religious following
Building a following is must .So ensure you haves strategies to do that as well.
- Affiliate marketing requires a lot of attention too
Don’t give your affiliations less importance because they aren’t sponsored posts. Strategizing and planning is a great way to increase and understand traffic with affiliate marketing.
#3. Track the affiliate campaign
Tracking in affiliate marketing is essential to understand if the strategies and tactics are going according to the plan.
- You need to treat online affiliation differently
Online affiliate marketing is very different from doing it offline. You need to know if your message is reaching the potential consumers. However, it isn’t very easy to track the progress with online affiliations either.
- Tracking serves all
Tracking will keep you in check in case something goes wrong. This will help you understand the sale conversions.
Tracking the campaign serves both the advertisers as well as the affiliates well. So, tracking the campaign is even more needed. It helps understand strengths and weaknesses.
- Don’t avoid this
You can grow your business only when you can determine all the shortcomings and improve on it.Thus, measuring the affiliate performance is an unavoidable step. There are different tracking metrics that you can use to track your campaign including active affiliate ratio, conversions, clickthroughs , gravity, affiliate commission ratio, click-through rates(CTR), impressions, reversal rate, traffic, and many more.
#4. Use social media
The relationship between affiliate marketing and social media is quite a unique one. Social media promotions are almost free and quite manageable for noobs as well.
In fact, The social media revolution has showered us with great platforms for promoting affiliates. Targeting the right audience is easier on social media platforms.
Even though sharing affiliate links on social media sounds like an easy task, it really isn’t. Sending the traffic to the sales page isn’t all fun and games.
- Be smart while promoting
Even though it’s still a very effective affiliate marketing tactic, social media platforms don’t entertain a lot of direct promotion. So, it all depends on your promotional skills.
- Make the affiliate links look clickable
Make sure the affiliate links you post, look friendly and are click worthy. You affiliate posts on social media need to have valuable content. If possible add images to your posts too. Adding an image might make the post look even more genuine for the audience.
- Make new relationships
You can even build great professional relationships through social media. This can even help you increase prospects for email marketing and widen your reach
- Choose the platform wisely
Don’t go on posting the affiliate links on any random social media platforms. Some platforms can be more suitable for certain posts than others. You wouldn’t want to ruin your reputation on social media. So, ensure the promotional posts aren’t misleading your audience.
- Your posts shouldn’t exude just sales
If you do not want your link to be taken down, Make sure the affiliate link you post doesn’t look spammy and sales oriented. After all, why would the social media platforms let you promote for free?
- The content is always the king
No matter what the intention behind the post is. Don’t just post once and stop. Keep posting content related to the current affiliate product as well as the old ones.
- Don’t spam your audience
Get involved with your audiences. But don’t irritate your audiences by posting way too much either. Take the help of a social media expert if you need. While creating content about affiliate posts, Dont’ be sales centric. You need to build a trusted following and claim your online presence.
#5. Don’t turn into a salesman
You need to put yourself out there as a leader and an expert in your niche. Potentials sales won’t happen if your audiences are unsure of your intentions. So, create good content instead of giving a sales pitch.
- Don’t be centred around money
It’s great to be money oriented, but it isn’t worth losing the hard earned credibility. As losing it isn’t that hard. Your audience will know if your content is a mere sales pitch. Be transparent with them.
- Your content should add value
Creating the right content is the essence of affiliate marketing. Your affiliate posts need to be a valuable addition to you’re the audience. There might be other affiliates in your niche with similar goals. So, a better content will differentiate you from them.
The audiences should be captivated by your affiliated content. It should be very informative. Your content shouldn’t lose on technicality either
- Post well-optimized content
Your content needs to be well optimised on all bases including SEO. It needs to be interesting and following all the aspects for current ongoing trend. You make use of different marketing tools and apps to create flashy content to grab audience attention.
Affiliate marketing is a great income generating source for a lot of people. Even though there are many ways to make money online, it’s very important to learn about them thoroughly to ensure maximum success.
Affiliate marketing being one of the most common source of online income for many should be mastered. Only then, you will be flooded with potential monetary gains. With the help of the above-mentioned ways, making money with affiliate marketing should now be an easier task for you.