Affiliate marketing is something practically every website owner should have a basic understanding of in today’s digital world. Even if you don’t personally use it in your monetization strategy, there may be a time when you want to. This guide to affiliate marketing can get you several steps closer to understanding what is affiliate marketing and how to make money with affiliate marketing.
Affiliate marketing is something I’ve been doing ever since I started my first business online on this website. If you want to make money online with affiliate marketing as a beginner, congratulations because it’s the best online business you can do as someone new to online marketing.
Affiliate marketing is about making money. Gobs of money. Money for doing nothing.
At least that’s what a quick Google search would have you believe, but as usual, the truth is a little more complex than that.
Affiliate marketing is the most common way bloggers monetized their blogs. So if you haven’t started with affiliate marketing on your blog, you’re not sure what it is OR you have started but feel lost or aren’t having the success you would like, let me help!
This tutorial is all about getting started with affiliate marketing and step by step tips to help you make money from affiliate marketing.
In this tutorial, I will help you brainstorm some basic issues that will help you shape the best if you want to follow the path of affiliate marketing, which includes:
What is Affiliate Marketing and How Does Affiliate Marketing Work
- 1 What is Affiliate Marketing and How Does Affiliate Marketing Work
- 2 How Does Affiliate Marketing Work?
- 3 About Affiliate Marketing Cookies
- 4 Can you Make Money with Affiliate Marketing?
- 5 How much can you make from Affiliate Marketing?
- 6 How To Make Money With Affiliate Marketing For Beginners 2020
- 7 How To Become An Affiliate
- 8 What is an affiliate marketing program?
- 9 Writing Articles That Really Help People Solve A Problem
- 10 Learning And Improving As Continuous Innovation
- 11 Conclusion
The best definition of what affiliate marketing is can be found on Pat Flynn’s Smart Passive Income:
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
According to Wikipedia, Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
According to me Affiliate marketing is when a publisher or company gives you a cut of each sale they make when you promote them on their site.
For example, have you ever shared a discount code or a link to a site or product with a friend where you would get something in return?
However, I have shared my lazy affiliate method so my friend can start and make money with affiliate marketing (and I get it too). Or I’ve recommended my domain service because they have no fees (and have got a bonus in return).
Anyone can do affiliate marketing! Yes! 100%
How Does Affiliate Marketing Work?
So if you know this already, just skip to the next section but let’s start with the basics.
Essentially, affiliate marketing works like this:
- You choose a product to promote
- Sign up for the affiliate program (free) for the product
- Get your unique link from the vendor
- Post your link on your blog, video description or elsewhere
- If a customer clicks on your link and makes a purchase, you get a commission from the sale.
In many affiliate marketing programs, there will be a cookie involved as well as the program owner tracking that the reader came from your article.
Say the affiliate program specifies that there is a 30-day cookie. This means that if the people who click on your link buy any time in the next 30 days, you will still receive the commission.
You can use affiliate links in many ways – on your blog, on social media, YouTube, emails, etc (some programs have specific rules about what you can and can’t do).
These are the basics of how affiliate marketing works step-by-step. The following diagram shows you the process of how affiliate marketing programs work.
Affiliate marketing can work very well for bloggers as we naturally refer to products and services often and this is a way to monetize this advice. If you do it well, it’s a total win/win for both you and your readers.
It also means you can do something once (i.e. add the link to your post) and get paid over and over again when your readers click and purchase.
Doesn’t that sound GREAT?
Can you Make Money with Affiliate Marketing?
Affiliate marketing can be highly effective with many audiences. How fast you can make money with affiliate marketing depends on:
- Your current audience
- The types of articles on your site
If you already have content on your site that helps readers solve problems and readers are coming to your site looking for these solutions, then you can make money with affiliate marketing. TODAY.
If you don’t, then you’ll need to work on these items. How to make money with affiliate programs using this process will be explained below.
How much can you make from Affiliate Marketing?
How long is a piece of string?
The sky is the limit. I have made three figures per month from affiliate marketing on multiple sites in varied niches.
There are sites that make that much each and every day.
It’s impossible to come up with an affiliate marketing average income and how much you can make as it depends on the strategies you use and how much effort you put in. Affiliate marketing is definitely not as simple as adding some links to your articles. That’s why it’s called affiliate marketing, not affiliate linking.
The good news is that I can show you how to be successful with affiliate marketing and, once you have a good strategy in place, it requires minimal effort from you on an ongoing basis.
How To Make Money With Affiliate Marketing For Beginners 2020
When it comes to how to be a successful affiliate marketer, it is about understanding reader intent.
Reader intent is about understanding why readers are on your site.
Do readers come to your site to read a good story? Or do they have a problem and they are looking for a solution?
If you concentrate on attracting readers that have a problem that you can solve with a blog post and a link to an affiliate, you will make money from affiliate marketing.
In the rest of this guide, I will walk through how to get started in affiliate marketing step-by-step so you can attract those right readers to the right content with the right affiliate links and calls to action.
How To Become An Affiliate
The first step of how to get into affiliate marketing is to actually become an affiliate. You need to sign up for an affiliate program.
What is an affiliate marketing program?
An affiliate program is simply an agreement between you and a company as to how you will promote their products and services, how this will be tracked and how you will be paid.
A standard affiliate marketing program will tell you:
- How much you will be paid (is usually a percentage of the sales you refer)
- What cookie duration exists (how many days after someone clicks on your link can you still be paid for the sale)
- Where you can promote (countries)
- How and when you will be paid
- How you are allowed to promote the affiliate (for example, on your blog, via email, social media, etc)
Once you sign up, you will also get access to links and other resources you can use to promote the products and services.
Affiliate links usually contain a code in them that is unique to you so the program can track the traffic you send them to see if they make any sales.
For example, this is my link to promote affiliate marketing, my favorite affiliate marketing tools for beginners:
When someone clicks on that link, the lazy affiliate program will track when there is a sale and pay me a commission accordingly.
Deciding which affiliate marketing tools can be time-consuming and confusing at first.
Writing Articles That Really Help People Solve A Problem
One of the most powerful ways to generate huge amounts of content ideas is by analyzing your readers’ intent.
The intention of your readers is also another factor that you should work hard to understand. It will help you identify the main content pieces you need to create.
Intent refers to what the reader desires, wants and needs are at various stages of the buying journey. Not all readers are created equal. People might be at different stages of their journey in your chosen niche when they come to your site.
The intent of each group of people at each different stage is different even though they’re all related to a particular niche. This is a core concept to understand when it comes to creating your content plan because understanding your readers’ intent should drive what kind of content you should create.
Learning And Improving As Continuous Innovation
The best way to learn affiliate marketing is by tracking how you are doing, learning from this and always trying to improve. However, there are times when you find some ways to promote affiliate is very strange and few people do, let me take some examples will make you more understandable:
Pat Flynn the founder of Smartpassiveincome which is an Expert Model site shares his knowledge, his path of success and revenue every month. The Page Resource Page of the website has brought about huge affiliate marketing revenue per month.
Promoting Affiliate Marketing through “FREE EBOOK”: There are many experts in some fields, they write ebooks that provide useful knowledge to customers. The ebook will recommend a number of products and of course, there are affiliate links inside.
In short, the key to your success is Knowledge and Competence and you will always have to start with the easiest knowledge and forms, materials on the internet. When you have a foundation available, you can associate, create other forms your way, this is also a gold mine you can exploit with your own potential.
Although you are promoting other people’s products, however, if you decide to make money with affiliate marketing, you must always have the same attitude and actions as you are promoting your own product. And at some point, the way you promote gives you a lot of profit, you can consider selling your product, your service instead of promoting the affiliate.
Hopefully, through this article, you have got more knowledge about affiliate marketing. If you do not understand, think about it or ask me a question under the comment section.