Starting your own home business has never been easier, thanks to the internet. With the help of the internet you have access to people from all over the world, right from your own home. While there are many types of businesses you can start, affiliate marketing is one of the best. It can give you an extremely large income and all you have to do is learn some new skills. If you can read and write you can have a very successful online business.
Will my target audience realistically buy this product? Put yourself in your audience’s shoes. What are they most likely to buy? If your blog is mainly about frugal living, your readers probably aren’t going to buy luxury products, so promoting high-end clothing might not work so well.
Now that your site is set up and you’ve joined an affiliate program, you’re ready to begin perhaps the most time-consuming (but potentially rewarding) part of the affiliate business: Producing content.
If you have built up an email list, you could also promote your affiliate offers via email promotions. Just make sure you build up a relationship with your audience first instead of going for the hard sell straightaway. The emails you send out must contain your affiliate links to products so when your audience click through. the sale is attributed to you.
Start out with finding your niche. Here are some suggestions: http://www.affilorama.com/blog/3-untapped-niches | http://www.affilorama.com/blog/grow-taller-affiliate-programs | http://www.affilorama.com/blog/stop-smoking-affiliate-programs |
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.
For example, when I have promoted the Genius Blogger’s Toolkit in the past, my bonus, Shorten the Toolkit, is my list of the best resources in the Toolkit (after going through every resource personally).
Myth #3: Affiliate marketing is passive income. Affiliate marketing approaches passive income, but only once you’ve put in a great deal of work on the front end. If you take the time to build trust among your audience, there does come a point when affiliate marketing becomes almost passive.
That’s my goal – to show you how to get thanked for your recommendations, which means a person is likely to take you up on further recommendations you make down the road. I’m here to help, so make sure to watch the videos above, and also be sure to download your free guide, Affiliate Marketing the Smart Way, below!
Do I have legitimate experience with this product? If you don’t, pass. Being unfamiliar with a product you promote is risky for two reasons. First, if it turns out to be a dud, the trust you’ve built with your audience is damaged. Second, if your audience has questions about it, you won’t know how to answer.
Ask around. In my experience, if you establish a good relationship with other content creators (and especially if you are giving more than you are taking in that relationship), over time, most are more than willing to share tips and hints about what has and has not worked for them. A mastermind group is also a great place to get ideas.
What are the terms of the program? Is there anything I need to be aware of that would make a program not worth it for me. For example, Amazon Associates does not allow you to put your affiliate links in emails. If your main method of communication with your audience is via email, Amazon might not be a good fit for you. Wayfair, for example, does not allow their affiliates to post affiliate links on Pinterest or any other social media site. If that’s a strategy you rely on, Wayfair might not be a good fit for you.
Some of the digital products I promote cost the makers a lot of time & money to produce the content, house it, keep it updated, provide ongoing customer service, manage active Facebook Groups, deal with unhappy customers, etc. Meanwhile, I don’t have to deal with any of that, and yet I still get nearly 50% of all the sales that come through me.
Eduhire.me looks like an incomplete website. Affiliate marketers can choose to promote both online and physical products. Our only recommendation is that these products need to be related or in the same niche. That makes it easier to promote not just the products, but the website itself.
Affiliates are paid either by the vendors or the affiliate networks. I suggest you watch our introductory lessons on affiliate marketing at http://www.affilorama.com/lessons for more information on how affiliate marketing works.
This is obviously a crucial factor to consider. You might come up with an idea for a niche you know a lot about, but are there affiliate programs for the niche? No affiliate program = no sales. Time to look for a different 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?
Do they have a good reputation among other affiliates? This is one reason why being involved with other affiliate marketers is valuable. If you haven’t heard of an affiliate program before, ask around.
Will my target audience realistically buy this now, or at a different time? Be sensitive to sales cycles and seasons. Maybe you should avoid holidays (when people are away from their computers, like July 4 in the U.S.) or maybe you should target holidays (like the day after Thanksgiving), but know the difference. Again, know your audience. Plan your content accordingly.
Attach your affiliate link to images. In the age of sites like Instagram and Pinterest, users are accustomed to clicking images. Make sure any post images highlighting the product have your affiliate link attached. Here’s how to make an image clickable.
I can partner with the company who sells that drill as an affiliate. They’ll give me a special link to the drill tagged with my own, unique affiliate ID. Every time I use that link in a blog post and someone clicks it, my affiliate ID follows them for a time. If they buy the drill in that time, I will earn a commission.
You don’t control the experience. Once you make a referral, you are ultimately not in control of your audience’s experience. If they have a bad experience with an advertiser, it can reflect poorly on you.
That way, if you decide to write a review to promote it or send the affiliate link for the product’s sales page to your email list, etc., you will have first-hand knowledge of how it works. This will help you to decide it the product has real value pertaining to your niche. I, personally, won’t sell anything I haven’t tried myself to be sure they work as advertised. Selling just to make money with no real value is a sure way to lose customers and ultimately destroy your business. Bad reputations are hard to get rid of once you get one, especially when there’s money involved. With that being said, I hope you all have a great holiday season.
Let’s face it: technology, especially the internet, can be pretty daunting to try to grasp, and with terms like malware, cursor and spam, it also seems pretty dangerous. So kudos to the guys who decided e-commerce and affiliate marketing should rely on an innocuous technology called a “cookie.”
Technically no, although in my opinion, it’s the most convenient vehicle for affiliate marketing. Why? Because it’s a perfect spot to keep all your content and it’s not subject to the whims of social media algorithms. Plus, it’s available 24/7 so anyone can find it at any time.
Are you a food blogger? What’s your favorite cookware? Create content about it. Craft blogger? What’s your favorite crafting tool? Create content about it. Photography blogger? What camera and lenses do you use? Create content about them.
Mistake #3: Giving your friend’s product a glowing review without actually being familiar with your friend’s product. This happens a lot in the affiliate marketing (and book marketing) world unfortunately. It’s a “scratch my back and I’ll scratch yours” type of situation. By all means, give your friend a glowing review, but if you haven’t actually read their book or taken their course or tried their product, don’t talk about it as though you have. Readers deserve honest recommendations! (Here’s an example of me helping to announce the launch of my friend’s book while being clear I hadn’t read it.)
Nothing breaks a reader’s trust more than being led to a promotion that will blow up their inbox. Put yourself in the shoes of a potential customer and see what will happen if they follow your advice.
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”?
Finally, once your site is ready, it’s time to create content for it. The content you create must be relevant to your niche but also interesting and engaging enough to keep your audience coming back. You should also ensure the site content is search engine-friendly. More details about content creation in Step 4.
Restrictions & consequences. Many affiliate programs have notoriously vague terms and conditions (I’m looking at you Amazon) and yet publishers are always responsible for knowing & following them. If you don’t, you can get kicked out of a program without warning which can obviously hurt your bottom line.
Honest affiliate marketing has always worked best for me, so I encourage you to do the same. I feel strongly that there’s a “right” way to approach affiliate marketing, and so I created a guide, Affiliate Marketing the Smart Way. It’s free and filled with all of my best advice on the topic.
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.
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?
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