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How to Make Money with Affiliate Marketing

Posted In:FINANCE & CAREER
26April, 2018

how-to-make-money-with-affiliate-marketingHave you been thinking about affiliate marketing to generate some income but didn’t know what exactly it is or how to get started?  In this article, we’ll talk about:

  • What is affiliate marketing
  • Learn about affiliate network
  • Types of affiliate programs
  • Who is affiliate marketing for
  • Why affiliate marketing
  • How do you start with affiliate marketing

What is Affiliate Marketing?

Affiliate Marketing is where you write an article talking about a product or service and you link that product or service with a special tracking link.  When your readers click on the link and buy that product or service, you get a commission on the sale.  

This is done by joining affiliate programs where you get a unique tracking link with your personal ID.  This unique tracking link tracks whenever your links convert to a sale. 

Affiliate marketing is a quick and cheap way to start making money online. You don’t have to pay to join the program, or create any products yourself.

Many bloggers are already using affiliate marketing to earn extra income and once you the know the basics, it’s pretty easy.  Let’s look at some of the key words that you’ll be seeing or hearing a lot when it comes to affiliate marketing.

Publisher –  This is you – the owner of the blog or website. Publisher promotes the merchant’s products or services on their websites by placing the ads and links.

Merchant – Whose products or services you are planning to advertise on your website.  Example: Amazon

Affiliate Network – who creates the affiliate link. It is an intermediary between publishers and the merchants. Example of Affiliate Networks are:  Linkshare(Rakuten Marketing), Shareasale, Affiliate Window, Amazon Associates, etc. 

Affiliate Network

Over the years, affiliate marketing has become more popular and successful due to affiliate networks. An affiliate network brings together the publishers and advertisers/merchants together and helps both parties conduct business as seamlessly as possible.

Affiliate Window (Affiliate Network)

affiliate-marketing

Simply affiliate networks help merchants or advertisers find publishers who help in marketing their product and services. Affiliate networks are virtual marketplaces where advertisers have access to many publishers to choose from and vice versa.

Rakuten Marketing (Affiliate Network)

making-mopney-online

Things to Note

There are few things that you need to note and which you will learn about when signing up with the affiliate networks.  Each affiliate network has their own set of rules so it’s very important to make yourself familiar with them.

Getting Paid

Affiliate Networks have a minimum payout threshold.  Typically, they are $50 or $100, and it might take a long time for you to receive your first payment.  Don’t be discouraged, through well written articles, well placed links and good marketing you will be able to meet your threshold.  

Rejection

There will be times when merchants won’t approve your applications. You’ll be provided with a reason why your application was declined by the merchant.

Types of Affiliate Programs

There are three types of affiliate programs: 

  • Pay-per-click – in this program you’ll get paid based on the number of visitors you direct to the merchant’s website from your website/blog. You’ll get paid whether or not a sale is made.
  • Pay-per-lead – in this program, you’ll get paid if the referred visitors provide their contact information on the merchant’s site by filling out a form.
  • Pay-per-sale – in this program, you’ll get paid if the referred visitors purchase a product or service on the merchant’s website.

Who is Affiliate Marketing For?

Affiliate Marketing is for anyone who owns a blog or website.  Anyone who has a passion for writing articles and promoting products and services that they are comfortable with and that goes with the blog niche.

Why Affiliate Marketing?

  • It’s cheap. You don’t have to worry about creating your own products or services, they are already created by the seller or the merchant. You don’t need a physical business location or hire employees, or worry about warehousing the products.
  • Worldwide. You are able to market the products to people all over the world.
  • No customer support. You don’t have to provide customer support.  If there are any questions or issues with the product, the buyers will reach out to the merchant or seller.
  • No sign-up fees. Joining affiliate programs is free so there are no fees.
  • Extra Income.  A cheap way to earn extra cash working from home.

How Do I Start With Affiliate Marketing?

Get your blog ready

The first thing you need to do is create a blog if you don’t already have one.  Get quality content on your blog. Write articles related to types of products or services you are willing to promote. 

Having good articles on your blog is important to get your site approved when joining the merchants.  Merchants prefer to work with bloggers who have sites with valuable information and that talks about things related to their products or services.

Here is an easy way to create your own blog with your own FREE custom domain name for only $3.95 per month.  My step-by-step tutorial on setting up your blog with WordPress will get your blog online in under 30 minutes!

Join an Affiliate Network

There are many affiliate networks.  Do your research and join an affiliate network that you are most comfortable with.

My favorites are Rakuten Marketing, Shareasale, Affiliate Window and Amazon Associates.

Once you have joined an affiliate network, browse through their list of merchants.  Look at their products or services – is that something you’d like to promote on your website?  Does it go well with your blog niche?  Do you feel comfortable promoting that product or service? 

When you’ve gone through these questions, submit your applications.  Some merchants approve the applications immediately, some will need some time to review your website and will get back within a day or two.  Some would decline and will list down the reason for that.

Tip:  Select only a handful of good products or services to promote.

Generate Links

Once your application is approved by the merchant, you are ready to generate and add the links to your website.  Generating links are not difficult.  By following the instructions posted on that affiliate network’s website, you should be able to generate your links.  

If you have any difficulty, you can always contact the customer service and ask them or go to their help area which has lots of information as well.

Most merchants provide many ways to promote their products or services.  They offer text links, banners, or videos.  After the links are added to your site, it’s time to promote that article. You can promote on your Facebook page, Pinterest, or Newsletters.

Tip:  Always test and make sure that clicking on the link takes the visitor to the right website or page.  Sometimes the links are broken and does not work or have been removed by the merchant. 

Training

make money with affiliate marketing

If you’re really serious about affiliate marketing and want to make a good amount of money then consider affilorama.  It is a great training website that provides you with all the details about affiliate marketing and how to get started and start making money!  Plus it is FREE to join.  

Conclusion

Affiliate Marketing is a very easy way to generate income if it’s done the right way. If you’ve just started with affiliate marketing, it will take some time before you’ll start making any money.  Have patience. Keep posting great content on your blog/website and share the affiliated products and services that you’re most comfortable with.

 

DISCLOSURE: Many of the links in the article above, and throughout this site, are affiliate links. While there’s no additional cost to you, any purchases made via those links may earn me a commission.

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