How can I make money from affiliate marketing?
You are here because you want an answer to the question of “how can I make money from affiliate marketing. I have been doing this for a while now and I lead a fairly flexible lifestyle thanks to affiliate marketing. It suits me perfectly, as I live in the French alps with the goal of going snowboarding, mountain biking, hiking and generally enjoying the outdoors as much as possible. Now I am here to help others create their own affiliate marketing business, so they can do what they enjoy in life. This website is aimed at those that want an adventurous lifestyle while having their own online business but really, all the techniques and advice works for anyone.
I am going to explain to you the potential of earning money with your own affiliate marketing business. Before I started affiliate marketing, I knew nothing about it, nor had I ever built a website. I had done a little bit of blog writing, but not on this scale. Therefore, you need to realise that you don’t need any experience or much technical knowledge to get going. There are certain techniques you need to know, but you learn them as you go. In fact, the less you know when you start, the better position you are in. This is because you will not have been fed incorrect information and you can start nice and fresh from the beginning.
Opportunities of Your Niche
A niche is the topic your website is based around. My first website was a mountain bike website, meaning I filled it with information and products helping mountain bikers make purchasing decisions. As I am sitting in the mountains, I will demonstrate how affiliate marketing works, using snowboarding as an example niche. You can choose any niche you want, but there are some things you should know before you do.
Snowboarding may not be as big business as it used to be, but people all over the world spend billions on it every year. Boards, bindings, boots, jackets, pants goggles, sunglasses and holidays are just some of the things people spend their money on online.
With an affiliate marketing website, you can promote lots of famous brands, such as Oakley, Thirty Two or 686. If you can buy a product online, it is very likely that you will be able to promote it as an affiliate marketer and make a commission from it.
Here is an example on how this works.
Dave has got a tax rebate and is going on a snowboard trip to Japan. He has heard that there is loads of snow and he has some spare money for a new snowboard. So he searches for “best snowboard for powder” on Google.
With this search, Dave finds a review of powder snowboards on your niche website. You will have created a post using “best snowboard for powder” as a keyword. Google has deemed it as the most relevant post, putting it at the top of the search page.
Dave reads your recommendations and likes the look off the Lib Tech Travis Rice Climax. He decides that he is going to buy it and clicks on the buy now button. The button will take him to www.blue-tomato.com. Of which you would be a member of their affiliate program.
You get a 7% commission when Dave buys his new snowboard. Depending on the affiliate program and product, you can earn anything from 5 to 75% of the value.
That is how the affiliate marketing process works. Whatever niche you choose, there are literally millions of products and services you can promote that you can earn commission from. It is a great business model, where you simply link people to products they are looking for.
Possible Directions For Your Niche
Once you have decided on your niche, you can take it in many different directions. It might not be very obvious to you straight away, but it will take a little bit of thinking and some training, but you need to narrow it down, as specialists are the ones that make all the money. Broad niches are difficult to make money from and will take much longer to be profitable.
Staying with the snowboarding niche, I will go through possible ideas to narrow it down to give you an idea of where to take your niche.
- Beginner snowboarders
- All mountain snowboards
- Freestyle snowboards
- Carving snowboards
- Powder snowboards
- Avalanche kits
- Snowboard boots
- Shell jackets
- Down jackets
- Gore-Tex jackets
- Inner soles for boots
- Training tools
- Trampoline boards
- Thermal underwear
These are just a few ideas on how to narrow down your niche and make it more targeted. There are billions of people buying stuff on the internet. As an affiliate marketer, you can have your share of the massive amount of money spent every day.
Affiliate programs are what you join in order to create the affiliate links to put on your website. For affiliate programs related to your niche, you just need to do a simple Google search. But, you can also join affiliate networks. These are websites with many different advertisers that have affiliate programs. For example, I signed up to a network called AWIN.
Doing a quick search within AWIN I found18 different affiliate programs you can join for snowboarding alone. However, there are over one thousand related to skiing. Many affiliate marketers base their business around Amazon’s affiliate marketing program. This doesn’t give you the largest commission, but it does give you millions of products to promote.
Earning Potential as an Affiliate Marketer
Now you know how affiliate marketing works, I am going to give you an idea of how much you can earn.
If we break down the potential earnings in to what you can possibly earn in a day, it gives you a clear idea of what is possible. Don’t forget, an affiliate marketing business is always open for business 24 hours a day, even when you are sleeping.
If you sold something that was £100 and you got 30% commission, you would earn £30 from it. This is entirely possible depending on your niche.
1 £30 commission per day = £10,950/year
2 £30 sales per day = £21,900/year
5 £30 sales per day = £54,750/year
10 £30 sales per day = £109,500/year
20 £30 sales per day = £219,000/year
This gives you an idea of what is possible with affiliate marketing. Your choice of niche will determine what value the products and commission will be. You may earn less, but you could earn more. There are also lots of other ways to make money from your website too, to make it more lucrative.
How Do You Learn How To Make Money From Affiliate Marketing?
I learned (and still am learning) about affiliate marketing from Wealthy Affiliate. It has everything in place to tell you how to make money from affiliate marketing.
Keep reading to see all the ways Wealthy Affiliate does this.
To make money from affiliate marketing you need to follow the correct processes. To build an affiliate marketing business isn’t complicated, but you need to do it right. The training at Wealthy Affiliate, takes you through each step from the very beginning. Doing it this way means that you don’t miss out critical aspects. The Wealthy Affiliate training course is very comprehensive and there is weekly live training sessions you can join for even more information.
The amount of training is staggering, but not complicated. This means that you will soon have a good knowledge base. There is even a free membership that gives you the first ten lessons, getting you well on your way with your new business venture.
2. Hosted Website
Your website is essentially your shop. Without it, you will have nothing to attract potential customers. The free membership gives you two free hosted websites that can be built in less than a minute. If you decide to go for the premium membership, you get a more comprehensive list of tools to manage up to 50 websites. All this stuff is explained in lesson 4 of the training.
3. Research Tools
The best way to attract people to your website is by using appropriate keywords. Keywords allow your website content to be ranked on search engines. So, proper keyword research is the most important part of creating content for your website. You do this with a keyword research tool. Wealthy Affiliate gives you access to Jaaxy, which is a very powerful keyword research tool. Its most basic function tells you how often a keyword is searched for, how much traffic it attracts and how many other websites are competing for it.
With this information, you can determine how good a keyword is and if it is worth creating content around.
How to use Jaaxy and its functions is covered in lesson eight. Also, you will learn how to use different methods to find worthwhile content ideas.
4. Learn About Affiliate Marketing Opportunities
The training doesn’t just cover how to use the tools, build websites, create content etc, it also teaches you how to find affiliate marketing opportunities. There are millions of things you can promote and the list grows longer every day. With the training you will learn how to see opportunities to build more websites covering different niches.
5. The Community
The Wealthy Affiliate community is huge. It has about 1 million people in it including some very successful affiliate marketers willing to help. You can even ask the creators of Wealthy Affiliate for advice, feedback and help personally.
Your Next Step
What you do next depends on where you are with your affiliate marketing research, but you have some options.
1. Sign Up To The Free Membership
This is what I did to start off with. This is because when I found Wealthy Affiliate, I still wasn’t sure if affiliate marketing is what I wanted to do. So I signed up to the free membership to experiment, learn a bit and make a decision. I had nothing to lose, and I didn’t even need to give any details, other than my email address.
2. Sign Up To The Premium Membership
I really only recommend that you do this, if you have made a definite decision that you want to be an affiliate marketer. The premium membership is much more comprehensive than the free version. It gives you much more training, access to tools and support. To be honest, if you sign up to the free membership and like what you see and want to get serious about affiliate marketing, go premium as soon as possible. This way you will be fully armed with everything you need.
3. Continue Looking For Other Affiliate Marketing Training
There is a lot of affiliate marketing training out there. However, in my experience, it was too salesy and pushy. Also, when I was looking for information, I found lots of organisations that wanted money upfront. This is fair enough, but I wasn’t sure if I wanted to be an affiliate marketer at the time, so I didn’t want to spend money on something I wasn’t sure of. There are also a lot of “gurus” out there. They came across very aggressive and kept on trying to sell me the idea of a certain lifestyle. I already had the idea, I just didn’t know how to execute it. They were not giving me the slightest hint on how I could do this without giving a stranger some money over the internet.
4. Find Out More About Wealthy Affiliate From Me
I have given you a bit of information on how I found Wealthy Affiliate and what attracted me to them. I have also Given you a little overview of what you get with a free membership. But, who am I? You don’t know me. However, if you want me to help you with any questions about affiliate marketing or Wealthy Affiliate itself, just send me an email or drop a message in the comments section below. Additionally, If you sign up to the Free membership, you can contact me within the messaging system. I can offer you support as you go through the training.
If you are as skeptical as I was, you may be trying to figure out if Wealthy Affiliate is a scam (as I said, you don’t know me). There are lots of reviews that are positive and it is hard to find a bad one. There is a reason for this.
5. Continue Looking For Other Online Business Ideas
You may decide that affiliate marketing is not for you, but you still want to earn money with an online business. There are lots of ways to make money on the internet, some are easier than others and some pay more than others. Personally, I nearly went in to drop shipping instead of affiliate marketing.
That is how you can make money from affiliate marketing
I hope this has been helpful to you. Please let me know your thoughts and questions in the comments section below. I will get back to you as soon as possible.