If you’re a blogger, start by going through your analytics and finding your most popular posts. In Google Analytics (GA) you can find these pages by going to your GA Dashboard > Behavior > Site Content > All Pages. Examine the ones at the top of the list that bring in the most traffic. Are there any affiliate products or services you can naturally include in them?
Win-win-win. The advertiser wins because they only pay when a purchase is made (as opposed to the shotgun approach of paying to advertise to the masses and waiting for a small percentage to actually buy). The affiliate wins because they make money while providing helpful advice. The customer wins because they get a trusted recommendation for something they might not otherwise have known about.
Affiliate marketing is a business that requires self-motivation and focus. For many of us, these are learned skills. Once you are aware of the the mistakes that can cause a lack of profits and productivity, you will be better able to grow your business and be profitable long-term.
You’ll also need to factor in how your product rates compared to competitors in the same market. If you have the leading product in the space, you can probably get away with lower commissions. But if you are third or fourth in market share and trying to gain some ground, you may need higher commissions to lure affiliates to your program.
Keep your company’s business goal should also be top of mind. If your goal is attracting new customers, then maybe affiliates driving that type of traffic might be offered a better rate. And you may want to look at having different commission rates for different types of affiliate s- such as coupon affiliates, PPC affiliates, and super affiliates. Each of these groups has different strengths and will need to be addressed separately. You can also offer split commissions, whereby the commission is divided among multiple affiliates that participated in the process.
It takes time to build trust. Even though it’s easy to become an affiliate marketer, you won’t make money without an audience that trusts you first. Building trust takes time. In that way, it takes a lot of patience up front.
Freedom & flexibility. Because the seller is doing the heavy lifting of creating, customer service, etc., affiliates have more time to focus on what they want to do, while still making money in the background.
Building an audience for your site will, in some ways, follow naturally once you start producing excellent content. An interested audience will not only bring you consistent traffic, but also result in consistent sales for you.
Affiliate marketing is something I’ve been doing ever since 2009 on an architecture related website, promoting an exam software product that has since generated $200,000 in commissions over the years.
Hi Warren. The best thing to do in your situation is to simply break the process down into steps—like the steps laid out here. Make it your goal to take on one thing at a time, then tackle it as quickly as possible.
Ultimate Bundles. Every year a huge bundle of products are released at a significantly reduced rate. These sales can be quite lucrative for affiliates. Click the link to see if any of the upcoming bundles are in your niche.
Great tips, some of them I am already following. It’s little hard to start initially and have some budget in mind for paid advertisement. What do you think how much budget should be sufficient for new bloggers?
Giving away a free informational product such as an e-book, an email series or a mini course is a popular tactic many affiliate marketers use. Usually, your readers will have to provide their email addresses to receive the product from you. You can then use this to sell to them via email marketing. Additionally, an informational product can generate interest in the actual product you’re trying to sell. If your product is popular enough and brings enough traffic to your site, you could also monetize the traffic in other ways, such as AdSense.
“Tools I Use” or “Things I Love” page – Many readers enjoy seeing a handy list of your favorites, plus it’s an easy and excellent way to highlight some affiliate links. Here’s mine. Refer to any posts you have written about that tool / resource or include a description of how it has helped you.
The AID (ad ID) is a number which identifies a specific link and enables CJ to track creative performance as well as credit the publisher when they earn a commissionable transaction. Because each link has a unique AID, it also allows CJ to identify the appropriate advertiser.
Focus on benefits not features. Don’t simply list the features of a product (“You’ll get this and this and this…). How will this product change their life? How has the product changed your life? What will their life look like if they use this product?
Mistake #2: Using the “They must not be my people” excuse to be spammy. I’m not a fan of this common tactic. Here’s how it works: people send a huge number of sales/promotional emails to their list with no warning and with no easy way to opt out. When people complain or unsubscribe, they put it on them (“Oh well, they aren’t my type of subscriber anyway…”), instead of taking responsibility for the spam (let’s call it what it is). What ever happened to “treat others the way you want to be treated”?
Use effective calls to action & hone your copywriting skills. Learn how to do them well. Read How to Create a Great Call to Action: 6 Tips for tips. Make sure you create catchy titles to draw people in. Make it personal, not sales-y. What would you be more likely to read? “Here’s What I Use to Build My Sites” or “Bluehost Hosting“?
There are many affiliate networks. Many are easy to join. Some require you to apply and wait for approval. Some are by invitation only. Different affiliate networks provide different products so you’ll want to hunt around to find the one(s) that are the best fit for you.
If you purchase your domain and hosting from different companies, you will need to link the two together. Don’t panic, it’s a simple process. Check out our lesson: Linking your Domain with Your Hosting.
Take advantage of marketing tools whenever possible. Many affiliate programs offer useful resources to their affiliates aimed at helping affiliates make more sales. These range from monthly newsletters highlighting upcoming sales, tips or affiliate case studies, Facebook Groups just for affiliates, private webinars explaining marketing strategies in depth and more. Ultimate Bundles does this exceptionally well.
Once you’ve decided on a niche, it’s time to find out what’s out there in terms of programs and products to promote. You’ve probably already done a bit of research for this while researching your niche — now you need to dig deeper.
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Affiliate marketing is a common way people make money online. For me, affiliate marketing is my largest income stream. It’s also my favorite income stream because it gives me the most freedom and flexibility. I have written repeatedly about affiliate marketing in the past. This post puts it all in one place.
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