Have you ever thought about making money while you sleep? Yes! It’s now possible with the help of affiliate marketing as an affiliate marketer. You can earn money with affiliate marketing every time you promote a company’s products or services and drive a sale.
Now, the million-dollar question is, “How to make money as an affiliate marketer?” We will let you know that later in this bulletin. But first, let’s explore more about Affiliate Marketing.
What is Affiliate Marketing?
Affiliate marketing is the process of promoting other people’s products in return for a small commission for each sale. In other words, you get paid for traffic or sales generated from your referrals. Here are the basics of How Affiliate Marketing works.
- Firstly, you recommend a product or service to your followers through your blog, website, or email list.
- Your followers buy the product or service through your affiliate link.
- You get paid a commission for the sales made through your affiliate link.
In order to get your affiliate marketing business off the ground, you need to find an affiliate program or network you are interested in. After that, you can sign up and wait for the confirmation of your acceptance.
How to Start Affiliate Marketing?
You can start affiliate marketing by following ways:
Creating a Website or Blog for Your Niche
Firstly, you need a website to make money with affiliate marketing. You can use WordPress to build your website as it has good tools compared to other website builders.
WordPress is the best option if you are interested in making money with affiliate marketing.
Choosing Affiliate Products to Promote
After choosing a niche for your blog, now it’s time to select products that fit your niche and relate them to your content. The best way to choose your affiliate products is by joining an affiliate network. Some popular affiliate networks include:
- 7SearchPPC Referral Program
- Amazon Associates
- CJ Affiliate
How to Make Money with Affiliate Marketing?
So, by now, you may already have a website and have joined an affiliate network. It is the perfect time to get started with the monetization of your website. So, let’s get going.
There are several affiliate marketing works, but all you need is patience for a particular period. Your website would require some time to get updated with the content and get ranked on search engines.
Meanwhile, you should upgrade your awareness by attending affiliate marketing events or webinars. You can join a discussion forum or online communities.
This field enables you to deal with new people. It gives you a unique perspective to analyze your business. Hence, you would find yourself a great Affiliate Marketer after some time.
Creating Content that Generates Affiliate Revenue
You should not publish any random content on your website just for inserting affiliate links within the article. If you genuinely want to generate significant revenue, you need to ensure that the content you publish reaches your target audience.
You should help the users find the right product for their needs with high-quality content.
Choose more Attractive Products
As an early child, you should not list every product on your website as you would not focus on them. The result with it may disappoint you.
Instead of promoting everything, go for a few unique, profitable products to reach a large audience. That is why all you need is to understand market customer needs and place your products accordingly to earn money as an affiliate.
Use Several Traffic Sources
Another mistake that most affiliate marketers make is running ads just on their sites. That is not wrong at all. But there are so many other traffic sources available on which you can promote your products meanwhile.
The more traffic your sales page gets, the higher the probability of making money online.
Use Various Tools
Various sites run various tools to make your campaign more efficient. These tools are there to boost your chances to earn from affiliate marketing.
For example, if you use a WordPress site, you should get a plugin like the Affiliate Link Manager. The right tools are there to ease the process of online money-making.
Select The Right Merchant
While promoting a product, you promote the person or organization that owns that product. That should be the first thing to notice before selecting the product you promote. You ultimately don’t want your clients to be unhappy after purchasing your product.
Trust me; they will never return to your site to buy anything! That is why you have spoiled your credibility. Usually, all companies or websites with good customer service are bound to have happy customers.
Create a Variety of Advertisement
Researchers have suggested that people hate ads, but they hate bad ads. So keeping this point in mind, you should develop various ads that catch people’s attention and compel them to order the product online.
How Does an Affiliate Marketer Get Paid?
The payment methods of an Affiliate Marketer are on a commission basis. As soon as you sign up for an Affiliate Program, such as 7SearchPPC, you must provide your payment details. The duration of releasing payment varies from company to company.
Let’s have an overview of some of the payment methods in Affiliate Marketing.
Different Ways to Get Paid as an Affiliate Marketer
PayPal is among one of the widely used payment methods to their partners by Affiliate Companies. Its frequent tools make it worthy of use even after its higher charges to make payment. Creating a PayPal account is free. There is no maintenance cost as well. That is the first thing you should do after starting your journey as an Affiliate Marketer or a blogger.
PingPong is another well-known platform for receiving your cross–border payments. Amazon affiliates and Amazon sellers widely use it to accept payments from overseas. Best of all, PingPong is:
- Provides automated FIRC
- It charges only 1% as transaction fees
To create an account on PingPong is free. There are no maintenance charges as well. The account activation could take 2-3 days. So apply for account activation as soon as possible.
Payoneer is one of the reliable cross-border payment solutions for affiliates, Amazon sellers, bloggers, and freelancers. With Payoneer, you can get affiliate payments from any country. It’s for an unlimited duration as long as the company is listed on its whitelist.
However, the transaction fees of Payoneer are almost twice as high as Pingpong. But users prefer it due to its effective procedure to make and receive payments.
Bank Wire Transfer
That is another method to receive large Affiliate Payments. However, as an Indian, you need to consider a few things-
- The conversion rate is high and can make you lose money.
- Sometimes, you may end up paying up to 4% per transaction.
- The bank typically charges a lot of money to avail of inward remittance.
If you are receiving any foreign currency in India, you need to pick up the FIRC document. That proves your foreign transaction. It also helps you to consider the export benefits.
The use of Stripe is the newest trend that companies are adopting. There are lower charges for using this option. One can avail of this platform in multiple countries.
We have provided you with a quick overview of different aspects related to Affiliate Marketing. Now, the ball is in your court. Try to make a successful attempt to adopt these tactics in your business as an Affiliate Marketer. You Can Definitely be a winner as an Affiliate Marketer.
FAQ’s (Frequently Asked Questions)
Affiliate Marketing is the need of the day. It is beneficial not only for an Affiliate Marketer but also for merchants. Affiliate marketers become instant ready to be owners of millions of products in no time and without any investment.
As soon as they increase the traffic on their products, they get paid a specific bonus. It’s a pretty straightforward process of making money.
You can become an Affiliate Marketer on several Platforms. But you should consider some points before accepting the platform for Affiliate Marketing. These include the interest of customers towards specific categories of products. The best media for Affiliate Marketers are-
1. 7SearchPPC Referral Program
2. Amazon Associates
5. CJ Affiliate
A big Yes! You can be an Affiliate Marketer without a website. You can use your other social media accounts to promote your product.
Pat Flynn is the name on the top of the list to date when it comes to talking about the richest Affiliate Marketer. He has other sources of income, too, but 80% of his income is through Affiliate Marketing.
Max and Ella Greene are the world’s youngest Affiliate Marketer. Max started Affiliate marketing at the age of 7; on the other hand, Ella Greene began at the age of 5.