Let’s say you have a promotions page where you’re promoting a product via affiliate links. If you currently get 5,000 visits/month at a 2% conversion rate, you have 100 referrals. To get to 200 referrals, you can either focus on getting 5,000 more visitors, or simply increasing the conversion rate to 4%. Which sounds easier? Instead of spending months on blogging, SEO, and social media marketing to get more traffic, you just have to increase the conversion rate by 2%. This can include landing page optimization, testing your calls-to-action, and having a conversion rate optimization strategy in place. By testing and optimizing your site, you’ll get far better results with much less effort.
When beginning your affiliate marketing career, you’ll want to cultivate an audience that has very specific interests. This allows you to tailor your affiliate campaigns to that niche, increasing the likelihood that you’ll convert. By establishing yourself as an expert in one area instead of promoting a large array of products, you’ll be able to market to the people most likely to buy the product.
I want to do an “inspirational” post to help newbies see that affiliate marketing is a long-range game plan, not a “get rich quick” scheme. Looking for those willing to share how long it took to get the first affiliate sale and a bit of insight into how you did it. Of course, your name and your website/blog link will be included. You can share it here, or email me.
Started in 1998, ClickBank is a go-between entity that connects vendors wishing to market their products and services, and publishers looking for relevant products to promote to their audiences. Whereas Amazon Associates is an affiliate program with a defined fee structure, ClickBank is an affiliate network that takes care of multiple vendors’ affiliate programs, so the commission structures vary. The vendors choose the commission rate, which is typically between 30 percent and 50 percent (though it can range from 1 percent to 75 percent). That’s significantly higher than Amazon rates of 1 percent to 10 percent, but of course, Amazon generates a much, much higher volume of sales.
It's beneficial for the company because it receives both advertising and sales leads that it wouldn't necessarily be able to access otherwise. It's also beneficial for you and their other affiliate publishers, who are able to make money from sales without actually having to get involved in handling the transaction. Since all you're doing is essentially connecting people with products, affiliate marketing can be one of the most time- and cost-effective methods to make money online. (See also: 5 Ways to Make Passive Income Online)
It will probably take a couple years to build a sustainable, passive income. That is the 1st car I have EVER purchased myself at age 29 (I was broke until then and leased from my parents). But the time committed to affiliate marketing and creating great tutorials and YouTube videos was worth it… I work for myself, there is virtually no limit on how much I can make, my schedule is flexible, and I collect enough passive income to live how I want.
Consider joining up with an affiliated marketing company. One easy way to enter the field of affiliate marketing is to join a company that specializes in online marketing. Though you'll ultimately work independently, companies like MoreNiche allow aspiring affiliate marketers to join for free to have a platform for advertising products/services.
If your domain is your address, hosting is like the actual house within which your site will live. It's your own little slice of the internet — the place where all your website files live. Hosting is very affordable these days, so don't unnecessarily scrimp on costs. Go with a reputable, reliable provider because your affiliate marketing business depends on it.