Can you make money in affiliate marketing?
I will be very happy to hear from you in the comments section below. Is affiliate marketing working for you? Are you making money online working from home? How do you make money online?
I’m not going to sugar coat anything in this post. This is from real life experience in attempting to make quick cash online.
Making money requires hard work. There is no real quick rich technique (apart from the guys selling a super scam that really only makes them money). The top 1% in their schemes will make money quick, the remaining 99% will be left with nothing but the feeling of another desperate attempt to make money online.
I’ll cover a few subjects in this post, such as:
- What is affiliate marketing and the differences between alternative affiliate marketing strategies?
- What really is the benefit of being an affiliate marketer.
- Examples of good tips and practices to become a successful affiliate marketer.
To answer your first question, can you really make money from affiliate marketing programs? That will only be determined by your commitment, knowledge, experience, traffic to your site and how much time you are prepared to put into building it.
When I say build it, what I mean is that you are building a passive residual income for life. But that in no way means that you can just “set and forget”. You need to be prepared to spend at least a few hours every day or two working on your business.
Treat it as a business, a job. You are the CEO of you, so expect and demand results of yourself.
What is Affiliate Marketing?
Referenced from Wikipedia
“Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s marketing efforts”
So that means you promote another business or service, and receive a payment or commission for doing so. Remember, I’m saying that takes some time and work to set up, so if you’re here for “get rich quick” you may as well leave now and move onto the next site that promises $1000/day.
Your site is your toolbox, vehicle, and livelihood. When you promote and publish content from other services and products you are rewarded with a sales commission. Sometimes that will be a one-off commission, other times that may be a recurring income on commissions earned from repeat purchases from that customer.
So why do Affiliate Programs work?
Well, simply put, any company or service trying to sell their product needs customers. They can do this by buying adverts of Facebook, Adsense, other high performing sites and email lists. This can severely decrease their profit margins and result in a negative net return on advertising spend. So by allowing people like you and me to market their products via our websites, Facebook, Instagram and other social networks they are able to pay a higher commission per sale of the product or service.
Will I make money by being an affiliate marketer?
Nothing is ever guaranteed, but being an affiliate marketing is possibly one of the most reliable and rewarding ways (but not the easiest – because you still have to work at it) ways to start making money online.
You don’t have to create, manufacture or stock any product yourself. Simply you are directing a potential buyer to a seller in the niche of their choice, and you’ll receive a commission on that sale which the buyer makes.
When joining an affiliate marketing program you need to choose what products or services you want to promote. More often than not these should be ones that you are familiar with and have a knowledge of. There is no point in dedicating your time to try and be an affiliate marketer for something that you don’t really have a solid understanding of, or a passion for promoting.
Remember, to be successful, you will need to be working hard on posting quality information, blogs and articles on why people should be buying what you are promoting!
How to join affiliate marketing.
Most affiliate product and services will have a range of great products that you should be passionate about selling. Generally, you will be provided with a unique affiliate URL or website, banners & images, or other types of HTML code to place on your blog, social media, Facebook or email lists.
In most instances, it is super easy to just copy and paste this into where you need it to appear. If the visitor to your page, social media platform or email list is interested, they will click on your referral link and decide to purchase or not.
Usually, you can track your links, conversions, and sales via the dashboards or affiliate program that you are using.
How do you make money with Affiliate Marketing?
The great thing about this is that you don’t always have to make a sale to make money online with affiliate marketing. There are a few different ways that you can be paid.
- Pay per Sale: A percentage of the sale price is paid to you whenever a sale is made by the merchant.
- Pay per Click: You are directing traffic to the merchant’s website, and receive commissions or payments for each click that is received by that merchant/seller from your site, Facebook, Instagram, etc.
- Pay per Lead: This is when the merchant/seller receives contact information (eg. name and email) of a prospective purchaser. So that lead is then paid to you as a referral.
Considering being an affiliate marketer?
This is now considered to be one of the fastest growing internet marketing techniques, enabling people like you and me to earn real money online without falling for the get rich quick scams.
- Its cheap: you don’t stock and hold product, and you don’t even have the concern about providing product and service support.
- Its Global: if someone has access to the internet, they have access to products and services.
- No cost: there are no joining fees for genuine affiliate programs. If you see a joining fee…. Run! Real companies that want to deliver products and services simply want your referrals.
- Recuring passive income from home: This will only work as much as you are prepared to work. You must be regularly posting, blogging, researching and networking. But all of that can still be achieved in just a few hours every other day.
So let’s cut to the chase, what’s the real tips to be a successful Affiliate Marketer online?
First, if you think you’ll make $1000 per day in your first week, leave now. This will not happen and simply isn’t possible (unless you are a ruthless online scammer).
Secondly, it will take you some time, work and research to get started.
Thirdly, don’t give up your day job just yet. This is a commitment based system whereby you need to really work hard on in initially to grow, build and create an online presence. Each day, week, month after that you can work a little less if you like, but keeping up with heard is the objective.
Fourthly, just concentrate on a few well-picked products or services. Most success will come from those that you know and understand.One large mistake that quite a few people make is to try and promote affiliate links for everything under the sun. This just confuses and immediately turns off your visitor.
Fifthly, use all your social media to promote your site and your affiliate referrals. But be careful, don’t overdo it. No one likes a page with endless sales pitches. Remember to include some real life posts and some quality posts. The quickest way for you to be “unfollowed” is for you to constantly posting affiliate links.
Sixthly, track your conversions. What is working for you and what is not? Have you chosen the right affiliates that match your niche?
My mantra….. you can create more money, however, you cannot create more time. So make the best use of your time.
Please comment on this post if you have found it useful, have something to add to it, or simply disagree.
I’d love to hear from you,