Affiliate marketing allows you to make money online, even if you don’t have a blog, website, or any products of your own. Following a few simple steps can get you up and running within hours and earning your first commissions right away. Affiliate marketing really is one of the fastest and easiest ways to make money online and should be a part of every online business owner's portfolio.
The first thing to do is to join an affiliate program then select the products you intend to sell. The owners of the products would provide you with an affiliate code you can use for referring traffic to the main site. Also, you will be offered banners, text links and several forms of creative copies in which you just copy and paste the code on your own site to refer traffic. Any interested customer who clicks on the links from your website will be redirected to the main site where the product is sold and if they pay for the product or subscribe to a program/service and indicate you as the referral, you get a certain percentage as commission.
Honestly, affiliate marketing can be easy, but it’s not going to get you hundreds of dollars overnight. Successful affiliate marketers make money online because they’ve put in time to learn the business, are constantly adapting to an ever-changing landscape, by investing initial earnings into outsourcing work, and were incredibly patient. I’ve said it many times before and I’ll say it again… the vast majority of people do NOT have the patience to succeed in affiliate marketing.
Thanks to the way the commission payments are structured, the more bookings that users make through your links, the higher the commission you'll receive. The rates start at 25 percent and go up to 40 percent once you've surpassed 501 bookings. To clarify, that means 25 percent to 40 percent of Booking.com's commission, so don't expect to get that percentage of the overall cost of the hotel stay.
Will my target audience realistically buy this now, or at a different time? Be sensitive to sales cycles and seasons. Maybe you should avoid holidays (when people are away from their computers, like July 4 in the U.S.) or maybe you should target holidays (like the day after Thanksgiving), but know the difference. Again, know your audience. Plan your content accordingly.
Amazon’s affiliate program is the most popular of them all. I don’t participate myself (yet) but the majority of affiliate marketers I know use Amazon because… it’s Amazon. You can review products you have used or write tutorials (eg. how to connect computer to TV) and drop an affiliate link to an HDMI cable… just a couple examples. You may want to build relationships with the manufacturers so you can get products before they’re released – giving you time to create a review before the product is launched and capture sales during peak buying times.
Of course, many people go into affiliate marketing with the wrong mindset or they go about it in the wrong way, which yields little to no results. Because of this and the many affiliate marketing scams that exist online, many people feel skeptical about affiliate marketing. Is it a legitimate way to make money online? Is it possible to make a significant income with it? How does it even work?
Don’t set a goal to write 3 blog posts a day… set a goal to write 1 blog post a week and make that post super helpful, long, and filled with information that is so valuable you will say “yeah, people will link to that.” 90% of my traffic/affiliate income comes from just 20 tutorials, many of which are 5+ years old. But I am constantly updating them to make the content better.
Cost per action/sale methods require that referred visitors do more than visit the advertiser's website before the affiliate receives a commission. The advertiser must convert that visitor first. It is in the best interest of the affiliate to send the most closely targeted traffic to the advertiser as possible to increase the chance of a conversion. The risk and loss are shared between the affiliate and the advertiser.
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
If the answer to each of these questions is a resounding yes, rather than jumping to conclusions immediately, take time to research whether or not others are out there making a sustainable affiliate income from products and content in this niche. In a sense, competition is a good thing here—it'll help you validate your idea and prove that it's worth of building a business around.