How to Earn Money With Affiliate Marketing
Being able to enjoy your life is a lot easier with some money in the bank. There are now many ways that the internet can earn you money. Whether it be a few pennies extra to save up for that holiday you have always wanted, or to change your lifestyle with a sustainable online business. One of the best ways to do this is affiliate marketing. So I am now going to tell you how to earn money with affiliate marketing.
Affiliate marketing is not a get rich quick scheme (there are no such things by the way), this means that it is a genuine way of building the lifestyle you want. It takes time and effort, but you need to remember that with affiliate marketing, you are working for your future, not for now.
Another thing about affiliate marketing, is that you base your business around the things that you have a passion for. This is means it becomes an extension of your interests, which makes it more enjoyable and fun for you.
If you like the idea of this, keep reading. I will tell you all the details and give you the information you need to get started. It does take a lot of work, but affiliate marketing is not a complex thing. There are a few techniques to learn, but with help from me and websites such as Wealthy Affiliate, life becomes easier still.
Learn The Basics
I am going to start with the basics of how to earn money with affiliate marketing. I want to give you a good picture of what it is all about, so you can decide if you want to give it a go. The first thing to know, is what affiliate marketing is and how it works. Affiliate marketing is a way that companies outsource their marketing to people like you and me.
As an affiliate marketer, you sign up to an affiliate program. This gives you the opportunity to make money by promoting the products and services associated with it. If there is something you can buy online, there is a good chance that you will find an affiliate program for it. The affiliate program gives you unique affiliate links that you drop in to the content on your website. These links track the sales driven through your website and reward you for your efforts.
You can earn up to 75% of the sales price of the product or service you promote. This all depends on the affiliate program.
Affiliate marketers get paid when they direct a customer to a website or online shop as long as they buy something. All you have to do is convince your website visitors that the product or service you are promoting will solve the problem they have or make their life better in some way.
Why Affiliate Marketing Such A Good Business Model
The great thing about affiliate marketing, is that everyone involved benefits from it:
- The customer – Gets good information on whatever they search for online
- The merchant – This is the online shop or supplier that provides the product or service. They get targeted marketing that only costs them money when it actually works
- The publisher – The publisher is the affiliate marketer. They benefit from getting paid for the work they put in when a sale is made
Steps In Building An Affiliate Marketing Business
Step 1 - Choose A Niche
To make sure that you have a targeted audience, you need to choose a niche. For example, this website’s niche is for people that want to start an affiliate marketing business so they can have flexible working hours to do what they want in life.
I have websites in other niches too, based around my interests. I go in to the details about choosing a niche in my post how to find an affiliate marketing niche.
Step 2 - Choose Your Domain Name
Your domain name is the URL of your website e.g. www.adventurousaffiliate.com. You can get some tips about choosing a domain name in my post how to choose a domain name for your business, but in summary:
- It needs to be easy to say
- It needs to be easy to type
- It should be memorable
- It needs to not be in use
- It should not limit you later on when you want to promote other products and services
- Contain niche keywords
It is important to get this right, as a bad domain name can make life awkward, reduce the amount of traffic you get and create a bad first impression.
Step 3 - Build Your Website
Building your own website isn’t as daunting as you may think. There are a few steps you need to take if you do it the conventional way. However, I will go in to a super easy way to build a website later, but here is what is involved:
- Choose a website host and choose a domain name – It isn’t necessarily the best thing to do to choose the cheapest host you can find. This is because cheap hosts can be slow and unreliable. If you are going to go down the route of sorting everything out yourself, I reccommend Blue Host, as an inexpensive and reliable web host.
- Set up your website – Many affiliate marketers use WordPress as the back office of their websites. WordPress is super easy to use, as it is designed for people with no coding skills. Blue Host lets you easily install WordPress with one click. Other hosts usually should have equally easy ways of installing WordPress too. But if they don’t, the chances are they are a poor website host.
- Choose a theme and personalise your website – Once you have WordPress installed, you need to choose a theme. Themes are what gives your website its look. When choosing a theme, do some research on the ones that you like the look of before installing it. This is because you need to make sure that it is fast loading and works well on mobile devices. You can read reviews on the themes and look at their star ratings.
- Choose plugins – One of the great things about WordPress , is that it is easy to add features and functions to your website using plugins. Many plugins are free, but some have “pro” versions that unlock extra features for a small payment.
Step 4 - Create Your Content
Creating great content is how you attract visitors to your website. The best way to attract visitors, is to solve problems and answer questions your intended audience have.
You find out what people are searching for via keyword research. Don’t worry, this isn’t as boring or as long winded as you may first think. By doing keyword research you determine what to base your content around. If you create content that answers these questions, people will be drawn to your website, as you will appear in their searches, due to your relevant content.
So what is content? Content comes in many forms. Some examples of the content you will be creating are as follows:
- Blog posts
- Personal experiences with products and services
Helpful content appeals to your audience, but it also appeals to search engines. Search engine algorithms are able to determine what content is relevant to their user’s searches. The most relevant will rank highly and will be more visible. These are the posts that will earn the most money.
Step 5 - Join Some Affiliate Programs
To make money, you need to drop affiliate links in to your content. For example, if you were to review a product available at amazon, you can drop the affiliate link for that product in to your review. The link will take your website visitor to Amazon, where they can buy the product. Check out my guide to affiliate marketing with Amazon for more details.
I also recommend that you check out some affiliate networks. These are websites that allow you to sign up to many affiliate programs. They also manage all the payments for you. This is a huge advantage, as sometimes there is a minimum payment threshold associated with affiliate programs. If it takes a while for you to hit this threshold, money is sitting in somebody else’s bank account when it should be in yours. Affiliate networks put all of your commissions together, which means you will hit the threshold sooner and receive a nice lump sum of money.
A good example of an affiliate network I use, is AWIN.
How Much Money Can You Earn With Affiliate Marketing?
Now you know how it works, I’m sure you would like to know how much money you can earn with affiliate marketing. Basically, the sky is the limit, but it depends on a few things:
- The niche you choose
- The products and services you promote
- How hard you work
- The affiliate programs you have signed up to
This is why you need to get the steps I outlined above spot on. If you don’t do this, you could be wasting your time. However, if you do get it right, you can make a really nice amount of money with affiliate marketing. For example, if you were to make $30 per sale through your website, the infographic below highlights what this could mean:
As you can see, affiliate marketing can be quite lucrative. Now imagine a whole website full of content that can earn you money. Now imagine multiple websites doing the same thing.
What It Takes
In the spirit of giving you the full picture, I am now going to go through what you need to do to in order to make your affiliate marketing business successful.
I said at the top if this post that affiliate marketing is not a way to get rich quickly. It is a sustainable business model, but it takes time to build it. Any business takes a while to make money, but the advantage of affiliate marketing, is that you have very little overheads. This makes it an accessible online business for more people.
You will probably notice a few pennies to come in after about six months. But the chances of you earning anything significant in your first year are very slim. But, you may get lucky and pick the perfect niche and products and shorten the time it takes some good money.
Your intended audience and search engines like to see websites that are constantly updated with new content. By posting regularly, you keep people engaged and search engines realise that your website a good source of information.
Affiliate marketing is something that you can do in your spare time, and this is how I started. But you need to aim to post every single day, at least in the early days of your website. This is so you can build trust with search engines and your audience.
This goes hand in hand with being patient. Many affiliate marketers give up when they don’t make any money. But most of the time, this is because they gave up too soon. It can be soul destroying when you have spent months creating content and not made any money. It can also really get you down when the amount of visitors to your website plummets, just when thing start going well. But, you have to have a glass of wine and then battle through it the next day.
There will be a learning curve you need to go through. I knew nothing about affiliate marketing before I got started. I have learned lots from the training available at Wealthy Affiliate and from my mistakes.
Often these mistakes don’t become apparent for months. But, you need to take it on the chin and learn from them. As long as you don’t repeat them you are moving forward.
Also, learning a little bit each day or each week, builds up your knowledge. This will mean that your skill set increases and makes your life much easier and more effective. This way you will become more efficient and more profitable.
How To Learn About Affiliate Marketing
If you think you can cope with what it takes to start affiliate marketing, it is time to get educated. By learning the techniques involved, you will shorted the time it takes to make money and reduce the amount of mistakes you make. There are a few ways you can learn about affiliate marketing and I will go through them now.
Find All The Information Yourself
You can search for information on affiliate marketing online yourself. There are many blogs and Youtube channels giving about affiliate marketing.
I did a lot of research before settling on affiliate marketing, but, I found the amount of information quite overwhelming. Much of this information was contradictory too, which made it difficult to make a start, as I wasn’t sure on which direction to go.
The other problem with trawling the internet, is that it is easy to miss out on certain aspects and steps that you need to take. This is especially the case if you re getting your information from different sources.
Pay An Affiliate Marketing Guru
There are loads of affiliate marketing gurus that claim to have the secret to overnight success. Anyone that says that you can earn money quickly with affiliate marketing is not telling the truth. They have an ebook or a course that they want to sell to you. Many of these ebooks and courses are poor quality or don’t exist. Either way, you won’t find out until you have paid for them.
I’m not saying all gurus are dishonest, but it can be hard to determine who the good guys are in a sea of bad guys.
Wealthy Affiliate is where I learned (and still am learning) about affiliate marketing. This is my recommendation for anyone that wants to enjoy the benefits an affiliate marketing business can give you.
You can learn all about it in my honest review Does Wealthy Affiliate Work? But I will give you a short overview of what it is.
An Excellent Training Resource
The Wealthy Affiliate training is comprehensive and easy to follow, and it takes you from having absolutely zero knowledge, to having the ability to scale up a successful affiliate marketing business. Training is delivered in number of ways, but the main method is via the structured courses. Each lesson is delivered in bitesized chunks using a combination of blog posts and videos. Each lesson finishes with a number of tasks to carry out before you move on to the next one. This means you don’t miss anything out.
By signing up to the Free Membership you will get access to training, that takes you through the process of building a full working affiliate marketing website you can earn money from.
Access To Business Tools
You need the right tools for any job and Wealthy Affiliate gives you access to the tools you need to build your website, create content and find decent keywords. The fact that everything is in the same place makes life much easier and it is cheaper, as you don’t have to subscribe to other online services.
Lots Of Support
It can be daunting to start something completely new, especially when you start thinking about the times you will have technical problems. This is also the case if you get stuck and are not sure which action to take.
Wealthy Affiliate has an excellent help centre that provides assistance and gives advice about any problems or questions you may have. This could be technical, content related or anything you can think of.
I have been saved by the help centre on a few occasions and they have pointed me in the right direction, which has been excellent.
Access To A Community Of Affiliate Marketers
The Wealthy Affiliate community is full of knowledgeable members. These members are also very helpful and they can give you solutions to problems and feedback about your website. There are a number of ways you can pose questions to the community and you will get an answer back very quickly. If you decide to sign up, go through this link and I can be your first contact.
That Is How to Earn Money With Affiliate Marketing
I hope that this has been useful to you and that it has shed some light on how to earn money with affiliate marketing. If you decide that you want to know more, I recommend that you check out the Wealthy Affiliate Free Membership. This will give you good insight in to how not all works and it will help you make your mind up if it is something you want to pursue. This is what I did when I was looking in to the various online businesses I could start.
If you have any further questions or thoughts on this, please leave them in the comments section below.