The whole point of affiliate marketing is to make a ton of money with little or no effort on your part, right? Although this appears to be the case from a cursory Google search, things are more nuanced than that.
Yes, affiliate marketing is a viable way to make money. It’s worth it. You can even make money while you’re asleep, believe it or not.
In this post, we’ll show you how to make money via affiliate marketing and build a passive income.
Using this table of contents, you may easily find the section that interests you the most.
Here are some reasons why you should follow our advice before we get into our instruction on how to earn money with affiliate marketing.
Contents of the Book
- Affiliate marketing: What do we know about it so far?
- What Exactly Is Affiliate Marketing? –
- Getting Started in Affiliate Marketing: A Checklist
- A Website or Blog for Your Niche Is the First Step.
- Secondly, select affiliate products to advertise
- Using Affiliate Marketing to Earn Money
- Creating Affiliate Revenue-Generating Content is the First Step
- Step 2: Incorporate Your Affiliate Products Into the Article’s Content
- The third step is to turn your visitors into affiliates.
- Step 4: Increase Your Revenue by Improving Your Current Traffic
- Step 5) Increase Your Email List’s Affiliate Revenue
Affiliate marketing: What do we know about it so far?
We preach just what we practice, unlike other want tobe experts and phony prophets.
Syed Balkhi, our CEO, is one of the world’s best affiliate marketers. As a result of our work, we’ve established and managed several high-profile magazines that receive millions of visitors each month. Like WPBeginner and IsItWP, these are sites that you’ve probably already used before.
In addition, the sites in question don’t actually provide any goods or services for sale. How do they make a living, then?
Affiliate marketing is just two words.
This is why we’re thrilled to share with you the exact tactics we utilize on our own websites to significantly improve earnings from affiliate marketing in this blog article.
First and foremost, let’s establish what affiliate marketing is and how it might benefit your business before diving in.
As an experienced affiliate marketer, you may skip forward to our guide on how to make money with affiliate programs.
What Exactly Is Affiliate Marketing?
Online retailers offer you a commission for the traffic or purchases created by your referrals in the form of affiliate marketing.
It’s classic advertising done in a more subtle manner. Instead of using visual adverts like these to promote a product on your website:
To use this product, simply paste the following code into your content:
Bluehost, a firm that provides self-hosting services for websites, is the affiliate partner depicted in the graphic above.
Does this mean that if you have a website, you can simply add a bunch of affiliate links to it and wait for the commissions to begin rolling in? That’s not quite right, but don’t worry, we’ll get there.
For the time being, all you need to know about affiliate marketing is the following:
Using your website, blog, or email list, you advocate a product or service to your followers.
Your followers use your affiliate link to purchase the product or service.
When a customer makes a purchase after clicking on your affiliate link, you earn a commission.
In order to ensure that you understand exactly how to create a successful affiliate marketing strategy, let’s break down this process into more specifics.
In the meanwhile, here are two things you need to get started in affiliate marketing: an email address and a domain name.
Getting Started in Affiliate Marketing: A Checklist
- To get started in affiliate marketing, you’ll need two things:
- Create a website or blog in your area of expertise
- You can promote a variety of affiliate products.
- Let’s take a closer look at each one:
- A Website or Blog for Your Niche Is the First Step.
- A website is the first thing you need to start making money with affiliate marketing.
Many alternatives are available to you when it comes to building your website. Nonetheless, we strongly prefer WordPress.
Even if you don’t know how to code, you can rapidly create a professional-looking website with WordPress:
Because of this, WordPress offers a wider range of capabilities to assist their websites function better than those built using other platforms. Your visitors will have a better experience on your site as a result of this.
Now that your website is ready, you’ll need to select which things you want to promote. That brings us to the second requirement for launching an affiliate marketing business.
Secondly, select affiliate products to advertise
After deciding on a niche, finding affiliate items should be simple. Select products that are relevant to your content and that fall within your chosen niche.
Joining an affiliate network is one of the greatest ways to choose your affiliate items.
There exist affiliate networks, which connect merchants with affiliate marketers in order to help both sides make more money. Better product selection is made possible through the utilization of affiliate networks by affiliate marketers for their websites.
Some of the most popular affiliate networks are listed below:
- The CJ Affiliate
- Affiliates for Amazon
Because affiliate networks often have more data on how well a product is selling, they are an advantage. You can then use this information to boost your affiliate marketing earnings.
Visit our informative post: Earnings-Per-Click: How to Win Big at Affiliate Marketing for more information.
An fantastic opportunity to improve your affiliate strategy is when you can make data-driven judgments instead of relying on “gut instincts”.
- Using Affiliate Marketing to Earn Money
In order to start making money from your website, you must have a website and have joined an affiliate network.
What are we waiting for?
Creating Affiliate Revenue-Generating Content is the First Step
Most newbies to affiliate marketing simply write some random material and include affiliate links in the piece in an effort to make money.
In order to increase your affiliate revenue you’ll need to make sure the material you post reaches your target audience, regardless of whether or not that plan is successful.
People who are on the fence about whether or not to purchase a product fall into this category.
There are situations when a user may not even know what product they need.
The type of keywords your audience uses on Google to study the product they’re interested in, right before making a buy, should be the focus of your article.
For additional information, see our article on how to choose the best keywords.
- Incorporate Your Affiliate Products Into the Article’s Content
Inquiry-based content will be your focus. You’re looking for themes that revolve around your target audience’s hunt for a solution to the difficulty they’re experiencing.
Your content ideas and keyword research are complete, so it’s time to start incorporating affiliate links into your posts.
How you place your affiliate links will vary based on the content of the article. If you’re writing a product review, it makes little sense to include affiliate links for five separate items.
When exhibiting the “Top X Tools,” you’ll want to include various affiliate links in order to boost your sales potential.
The objective is to place your links in the most advantageous places.
Here are a few pointers to help you make the most of your affiliate links:
- Do not include an affiliate link unless it is relevant to your article. A poor user experience (UX) will cost you more money in the long term.
- Whenever possible, include links to your affiliate products at the very beginning of an article that features a wide range of products. It’s unlikely that most individuals will take the time to read a complete essay. It’s important to get your affiliate links in front of them as soon as possible.
- Maximize the space on your website: Your affiliate products can be promoted by using floating banners, in-line banners, and sidebar widgets, among other methods. In the long run, this will lead to increased sales from your content.
- An affiliate link from a post on the best recipe plugins for WordPress by IsItWP may be seen here:
- There are a lot of alternatives here, but the first few are affiliate links, so keep that in mind. This increases the likelihood that IsItWP’s affiliate links will be seen while giving the user the opportunity to investigate all of their options.
Again, you want to advertise your links as frequently and aggressively as possible.
Invest in an affiliate link plugin before you start adding hundreds of affiliate links to your site.
To make matters worse, you have no idea where any of those expired affiliate links are on your website, so updating them is a daunting task.
Expired links that you’d forgotten about could cost you a lot of time and money in the long run.
The good news is that an affiliate management plugin can help you escape this problem. And Pretty Links is one of the greatest on the market:
An affiliate link management plugin called Pretty Links enables you keep track of all of your affiliate links. To put it another way, it’s simple to set up and straightforward to use, even for those of us who aren’t the most technologically inclined among us.
In addition, affiliate links can be disguised in this way to make them look short and tidy, making them ideal for sharing via email and social networking platforms.
When it comes to updating outdated affiliate links, you’ll be able to do it in a matter of minutes, not days.
Plus, if you do find you run into any trouble, they’ve got an amazing support team to help you at each step of the way.
By using an affiliate management plugin, you’ve developed the correct content and put your links effectively. It’s now time to ramp things up with conversion-focused campaigns.
The third step is to turn your visitors into affiliates.
New affiliate marketers often make the error of thinking that they must increase their traffic by 10 times if they want to increase their profit by ten times.
Fortunately for you, it doesn’t truly function that way.
On the other end of the spectrum, assume you’re selling an item that pays $50 in affiliate commissions for every sale you generate. That means for every 100 people that you refer to the website through your affiliate link, two of them will purchase the product.
Thus, the cost per click is $1, and you earn that amount for each one that is made.
Total affiliate revenue divided by the number of visitors you sent
What if you could double the number of visitors to your affiliate product site?
On the basis of CPC value, you can also double the affiliate revenue. You don’t even have to raise your site’s visibility. Instead, you may simply implement a revenue-boosting strategy for conversion optimization.
For example, with OptinMonster, you may boost your affiliate revenue by converting more of your current visitors into buyers. This is unquestionably EASIER than dramatically increasing your site’s traffic.
This is how OptinMonster can help you earn more money as an Affiliate:
Develop an affiliate product pop-up campaign
It doesn’t matter if you love it or loathe it… There is no denying that popups function!
Create a popup campaign to get your visitors’ attention and convert more of them into affiliates.
When it comes to affiliate marketing, OptinMonster has more than 50 pre-built templates that you may use to get started. In order to make sure you’re reaching the right individuals with the right message at the right moment in their customer journey, we provide several targeting rules and campaign triggers.
Top 6 Digital adopted this exact method to improve their affiliate revenue by 30 percent.
They provided information on car seats on their website to make it easier for parents to make an informed decision about which one is best for their child. The following campaign would appear on the reader’s screen when they were about to leave this page:
This low-key campaign was a resounding hit. It drew the audience’s attention to the affiliate product page and prompted them to purchase it.
Ads that are shown to people who are more likely to buy
Popup campaigns rely heavily on precise targeting. With the right targeting, you can show a popup campaign to the right users at the right time. Studies have shown, for example, that the optimal time to show a pop-up is when a visitor is ready to leave your website.
Affiliate offers can be created for individual pages on your site using page-level targeting. It’s now possible to direct readers to a campaign that features the EXACT affiliate product you’re promoting in the post they just finished reading!
This campaign has a higher conversion rate than a more general one because the offer you’re promoting is more narrowly focused.
A whopping 660 percent boost in interaction was achieved by FlyWheel, a WordPress hosting firm.
Consider, for example, the exercise brand Crossrope. Their email list expanded over 900 percent by using exit-intent popups to catch visitors who were about to leave
Increase Your Revenue by Improving Your Current Traffic
Using a concept known as “the 80/20 rule,” this next stage follows.
80% of your profits will come from 20% of your content, according to the 80/20 rule. While it’s clear that this isn’t an accurate measurement, the underlying idea remains the same:
Affiliate campaigns should focus on the content that converts the best.
To improve affiliate sales, you can use OptinMonster to target a certain post or video that resonates with your audience.
As opposed to creating campaigns for every page on your site, this is a lot more effective strategy. What do you need to do to begin?
Make use of your Google Analytics dashboard to find the articles that bring in the most content. Then, design focused advertising for those URLs.
MonsterInsights: If you’re serious about improving your game, you should get it.
The most popular Google Analytics (GA) plugin is MonsterInsights. While many marketers are excited about the prospect of using Google Analytics to gather data, the platform’s user interface often leaves them feeling befuddled, irritated, or terrified.
Instead of letting all that valuable data go to waste each month, you can have the same information delivered directly to your WordPress dashboard. This includes a look at the most popular articles on your website:
In order to increase your affiliate income, you must first determine which posts are generating the most traffic.
Your most profitable content will always be at the top of your priority list thanks to this method. In other words, you can save time while also increasing revenue
Increase Your Email List’s Affiliate Revenue
Email marketing is still the finest technique to generate passive revenue, regardless of how you look at it. It’s impossible to find a better solution than this one.
Until Google changes its algorithm, SEO is a wonderful way to boost your website’s visibility. If you’re willing to risk a lot of money up front, paid advertising can yield speedy returns on your investment. Even yet, if you want to maintain strong conversion rates, you’ll need to pay close attention to your paid advertising.
Email lists, on the other hand, are always yours.
In addition, it’s full of people who are already interested in your subject and have interacted with your content on a previous basis. As a result, you know that they’ll be an ideal target audience for your affiliate marketing initiatives.
In email marketing, the only issue is that most businesses have a hard time growing their list large enough to make money from it.