With rising inflation and decreasing salaries, a passive income is the need of the hour and affiliate marketing appears to be the easiest way to earn those added bucks each month. Whether you want to make those added bucks to suffice your expenses each month or wish to be a millionaire with your online business, it offers you all the fair shakes possible.
If you are a website owner and want to make your mark in this field it’s a must to have at least some basic knowledge in the current times of digitization. You may not need it at the moment, but at some point, you may want to.
However, it’s not so easy as it sounds as the deeper you delve the confusing it gets. This guide for affiliate marketing beginners talks about the basics and how as a newbie you can create solid foundation to earn more bucks as you go.
Affiliate Marketing for Beginners: How Does It Work?
For instance, you created a software but you do not have a strong network to market it. An affiliate marketing strategy can be the best marketing technique to apply here to get more sales and thus, profit.
An affiliate marketing network has two types of marketers involved in it. The first types are the advertisers/merchants and the second type is the publishers/affiliates who are also known as influencers and wish to promote products and services in return for commissions.
Publishers insert customized links for items they want to promote within their blog or website or on social media. Once the visitor clicks on these links or completes a sale, they get a percentage of the sales as an acknowledgment of their efforts.
An affiliate network places a tracking cookie into the visitor’s/buyer’s browser so when they visit a website of an advertiser by clicking on the affiliate link on the affiliate’s/publisher’s website or blog. They are basically the links which make affiliate marketing real, and they are the ones who send your payment.
The best part is, learning affiliate marketing is not so challenging. You just need to follow a few basic steps to start with and you are good to go as a beginner. All you need to do is to sign up for an affiliate program, get the link and insert the links on your blog posts and sit back and watch people buy products and services through the links making way to your income. The trick is to get an understanding of the right way to do it in order to increase your earnings.
Advantages of Affiliate Marketing
- While it’s the fastest way to make a passive income, you can also do it from the comfort of your home. All you need is a computer/laptop and an internet connection and voila!
- If as a beginner you get a good hold on the internet marketing game you may well outperform even bigger names in the business.
- It takes little or no money, to begin with affiliate marketing that makes it much easier for you to start with your dreams.
- Research says that internet marketing field is set to grow to $7 billion per year in the next five years proving its bright future.
How to make money with affiliate marketing?
As a beginner with the basic knowledge in affiliate marketing, you can start out by making a few dollars each month. That is until you learn about affiliate marketing in-depth. Over the course, you will learn which products and services interest your audience the most. Based on that you can adjust your strategy to earn more.
As you insert an affiliate link on your website and the visitor clicks on it and completes the sale, you are rewarded for that action, chiefly with monetary compensation. What you earn can be a part of the sales generated, a flat pay for lead generation, or a huge bounty for signing up a subscription.
Every affiliate program works in a different way. Programs like Pay-Per-Click (PPC), or Google AdSense pay you money for each link clicked or for each advertisement placed, respectively. The advertiser usually informs you about the amount that you can earn through each lead, sales, or conversions as you sign up.
How to Become an Affiliate Marketer as a Beginner?
While it’s possible to make a full-time income as an established affiliate marketer, as a beginner it won’t be the same. Let’s see what are the strategies behind affiliate marketing that can push you up in the ladder.
Sign Up for Branded Affiliate Programs
There are quite a few well-established and trusted brands who are equally known for their effective and rewarding affiliate marketing programs. Some of them are Amazon Associates, Apple’s Affiliate Program, Shopify, ClickBank and more. These are some of the most popular affiliate programs that you may sign up for. So basically, you can find your favorite brands and companies online and see if they offer any affiliate program. Most of them do. So, simply sign up for their program and start selling their products and services.
Sign up for an Affiliate Marketing Network
Affiliate marketing networks like LaedDYno, ClickBank and Share-A-Sale are like intermediaries between advertisers and the affiliates. Advertisers or merchants sign up for the network to connect with affiliates/publishers who can promote their product. Affiliates/publishers sign up for the network to join trusted programs and get links that they can promote.
Get Directly in Touch with your Favourite Brands
If you are not getting any information related to an affiliate program for your desired brands, it is best to contact them directly. By talking to them directly and with some negotiations you may be able to strike a deal with the brand that can design a commission structure for you in return to promoting their products and services.
Know Which Products to Promote?
There are thousands of products and so, you need to identify which product is right for you to promote. While an eBook may work for you, it may not work for someone interested in cosmetics. Based on your website type and the content choose the products and services that would interest your audience the most. For instance, for a software website, you may want to sell books and DVDs on how does the product work or any service related to it.
Get Adept in Keyword Research
You must have a good understanding of keyword research to be successful in affiliate marketing. It’s like a tool that can help get more traffic and giving you more chances of earning more commissions from the links while helping you find best products to promote.
You can also a keyword tool to find the most used keywords that you can insert in your content strategically and see if it’s getting the desired traffic.
Inserting the Affiliate Links and Tracking
Now, it’s time to place the links in your content albeit, strategically so that you get the most clicks with increased chances of sales. You would also need to track them using a reputed tracker that will help you find out the licks, leads, conversions, and sales in real-time.
For affiliate marketing beginners, the trick is to find the best product in the niche that you can promote. Take time to research the most effective keywords related to each product and services that you intend to promote and track them in real time. Not only will you slowly see a growth in your profits, you would also a be a pro soon in finding the right audience.