A GUIDE TO CREATING A CAREER IN AFFILIATE MARKETING FOR BEGINNERS
You have a usual and boring routine. You wake up in the morning, grab a cup of coffee and begrudgingly head to work half-asleep, sit at a desk and scroll through emails, then head home. Rinse, repeat. It’s a monotonous way to get a few bucks. And it’s tiring. Now, what if we told you that you could earn a few bucks even while sleeping? Passive income has always been the dream. And affiliate marketing is where you start. This is a guide to understanding affiliate marketing, its pros, and cons, how to become an affiliate marketer, and a few of the best affiliate programs you should join.
Let’s dive in.
What is Affiliate Marketing?
Affiliate marketing isn’t as complicated as it sounds. An affiliate advertises or markets another person’s or company’s products and in exchange, earns a commission. Find a product you love and enjoy, promote it, and for each sale you make, you get a piece of the profit. That’s the gist of it.
Is Affiliate Marketing worth it?
Earning steady income through affiliate marketing is, of course, not going to be a piece of cake. Nothing is! You’ll have to publish great content and find a way to sell the product. But the steady income and money you could get will be worth the effort. Here’s a list of the pros and cons of affiliate marketing to help you out. We’ll also be answering how much you earn from affiliate marketing.
- You’re your own boss.
One of the attractive benefits of affiliate marketing is that you work for no one and you get to control your schedule. You have control of your working environment. You decide where and when you work.
- Learn along the way.
There’s no need to be an expert to become an affiliate! Practice makes perfect, after all. You’ll learn along the way and gain experience.
- More money? Count me in!
Some affiliates work while having the usual day job. This way, they’ll have more income and earn more money. It’s a second source of income. Affiliate marketing is a great to earn passive income. Think of it as a side project. Who doesn’t want more money?
- You’re your own boss.
- There’s no guarantee you’ll make money at a certain time.
Most affiliates earn money only when they can sell the product. There’s no guarantee when you’ll get revenue. You could get some today but not tomorrow. Earning a large amount of money in a short time might not happen. You won’t earn money right away. Becoming an affiliate requires patience and perseverance.
- Competition is tight.
Affiliate marketing has tons of benefits. Because of this, a lot of people are becoming affiliates. There’s no training needed. Anyone can join making affiliate marketing an industry with tough competition. You’ll have to stand out to land a client. You’ve got to work smart and show that you can market the product you love.
- There’s no guarantee you’ll make money at a certain time.
How much can you earn from Affiliate Marketing?
How much you make will depend on the industry and your experience. If you’re new, you’ll be earning less than what’s worth your time and effort. But, as you become more experienced and gain more clients, you might become a low-level affiliate that can generate up to $300 a day.
Intermediate affiliates earn between $300 to $3,000 per day. High-level affiliates earn $3,000 a day and those who are pros can earn more than $10,000 a day. Earn passive income through affiliate marketing.
Things You Must Know Before Becoming an Affiliate
The Most Common Types of Affiliate Marketing Channels
Before we begin explaining how you can become an affiliate marketer, you’ve got to know some things first. Here are a few of the most common types of affiliate marketing channels you might want to join.
We’re living in the modern age of social media. Why not make use of such a tool to market your items? Becoming an influencer means joining social media platforms such as Instagram and TikTok to sell their product. Whether you realize it or not, influencers have the power to sway people’s decisions. They could sell a product simply by talking about how great it is especially if they have a large following.
Almost every single person in the world knows what the Internet is. How many times have you looked up random questions on Google? Blogs come to the rescue and answer such questions. Affiliates make use of blogs to share and sell products to their viewers.
Large Media Websites
Large media websites promote products and showcase these products to an audience of millions. They’ll a large number of people and make use of banners and links to sell the item to such a massive audience.
Say you’re going online and looking up the current news on Google. You come across a newsletter but, to read the article, you have to submit your email. Once you submit your email, it’ll be added to the company’s email list where they’ll be sending promotional material such as special offers to your email. It’s a great strategy!
Paid Search Focused Microsites
This might seem daunting to understand but we’ll simplify it for you. A microsite is an individual webpage existing within a website. These sites are advertised within partner sites and offer more relevant content to the audience.
The System of Affiliate Marketing
There are 4 parties involved.
The merchant is the seller or business that sells products and provides services. They also provide marketing strategies.
The affiliate is you. You are responsible for implementing these marketing strategies and promoting the product through links, ads, and several other tools.
The consumer is the customer who’ll buy your product or click on the links and ads you’ve created.
Lastly, we have the affiliate network which is a digital program that both the affiliate and the merchant will use to manage the marketing of the product.
Becoming an Affiliate Marketer
Find your niche.
You have to choose what products you want to sell and advertise. This must be based on what product you love the most. Make it “passion forward”. Ask yourself questions like:
- What topics am I passionate about?
- Is there a demand for my chosen niche?
- Are there affiliate programs that work within my chosen niche?
Choose an affiliate program.
The 2nd step towards becoming an affiliate would be to look for affiliate programs. Affiliate programs are digital platforms or programs you can join to find a merchant you would want to work with. Consider what merchants are using the programs and how much you might make from such a program. Keep reading to find some great affiliate programs you would want to join!
Create and build your platform.
Now that you’ve chosen a niche and joined an affiliate program, you have to start doing the work. You have to market your product. Two great ways to start working would be by building your platform which could be websites or blogs about something related to your item. Another great way would be by running paid ads.
Publish top-notch content.
Obviously, you have to publish content that’ll persuade your audience to want your product. It has to be top-notch content that will bring traffic to your website. This will help you become a trustworthy and reputable affiliate.
Create your ad account.
We’ve mentioned that another great way to build a platform is by running paid ads. This is because running ads is a great marketing method. If you want to simply run ads instead of making a website, you have to create an ad account that’ll help you create your ads. You can use Google ads, Facebook ads, and the like.
5 Easy Steps to Joining an Affiliate Marketing Program
In summary, there are 5 steps to joining an affiliate program. They are:
- Join a great affiliate program
- Choose an available offer to start promoting
- Get a unique affiliate link
- Share the link through social media platforms and your website
- Earn commission every time a buyer uses your link to make a purchase
3 of the Best Affiliate Programs
Amazon Affiliate Program
If you’re looking for an affiliate program, the amazon affiliate program is probably one of the first programs you’ll come across seeing as it is one of the most popular. It’s easy to start because all you need to do is sign up. Another great thing about it is that Amazon is a trusted brand meaning there are a lot of users and visitors who won’t be hesitant to click on your affiliate links.
In this program, you’ve got an endless number of choices. There’s no need to worry about what you want to advertise! And, if someone clicks on your link and buys the product, you get a percentage of that sale. Even while you’re sleeping!
This is one of the most popular e-commerce platforms businesses use. This platform provides affiliates with reliable programs.
This offers a fixed commission-based affiliate program. The great thing about is that you’ll receive a 100% commission on your first and second payment.
This platform allows entrepreneurs to focus on growing their business because Kinsta takes care of their website. User-friendly and powerful, this platform is known to be the king of all platforms when it comes to WordPress hosting.
It is one of the top paying affiliate programs and it offers a fixed commission-based program. As an added benefit, there is an additional 10% recurring lifetime commission.
What is a Niche Strategy in Marketing?
The niche strategy is simply a marketing strategy that focuses on a unique target market. Through niche marketing, the company can promote the product exclusively to one group which consists of customers who would benefit from the product the most. You could, for instance, advertise a brand of paintbrushes to professional artists and painters.
How do I find a profitable niche for Affiliate Marketing?
You’ve got to ask yourself whether or not there is a high demand for the niche you’ve chosen. Are there programs that provide offers for that niche? Is your niche marketable? There’s a lot of planning that comes with finding a profitable niche. You have to make smart decisions.
If you’re looking for a second source of income, affiliate marketing is the way to go. It’s easy to understand and beginner-friendly. Plus, it’s passive income! You earn any time of the day. You earn while you sleep, while you chat with your family. Isn’t that great? It’ll take effort and time but, you’ll get there. Who knows? You might be a pro and start earning $10,000 a day!