• Post on Twitter
  • Share on Facebook
  • Post on LinkedIn
  • Post on Reddit
  • Copy link to clipboard
    Link copied to clipboard
Grow

How to Make Money With Affiliate Marketing

Margo Weglarz
7 min read
Jul 22, 2016
How to make money with affiliate marketing

Affiliate marketing is one of the most popular ways of making money online. It is about a relationship between three main parties: the affiliate (publisher), the merchant (advertiser), and the customer. Affiliates act as extended sales and marketing departments of the merchants and help the customers choose products.

Affiliate marketing can provide you with a steady flow of income. What you can earn depends on how successful you are in converting your audience into buyers and service subscribers. It is cost effective and you can work from any place in the world.

Sounds easy, doesn’t it? Although affiliate marketing doesn’t require a fortune and years of experience to get started, you shouldn’t expect great results overnight. It is very competitive and you need to spend some time choosing products, making sure that they meet market needs, learn how to promote them and how to measure the success.

What is affiliate marketing

Affiliate marketing is a performance-based marketing. When you sign up for a partner program, you are assigned a link with a unique ID that makes it possible to track all traffic you send to the advertiser's site. If your visitor clicks on it and performs the qualified action, you will receive a commission. The qualified action depends on the compensation model. The most commonly used one is pay per sale model which is based on the revenue sharing when a merchant pays an affiliate the percentage of the sale.

How to become an affiliate marketer

Even though becoming an affiliate marketer can seem like a lot of work, you can make your life a bit easier by organizing your work a bit. By following these steps, you will be able get your own affiliate marketing off the ground in no time.

1. Find your niche

In order to succeed you need to start with three basic steps:

If you are not sure what products and solutions your audience would benefit from, you should do proper research. Start with forums and websites popular in your specific industry. What are the most common questions and the most popular products?

2. Become an Expert in your niche

When you write products reviews you should know more about them, than your average site visitors. Make sure you provide an honest description and accurate information. If a merchant offers a free trial, make sure to sign up and test it.

You can start with the products you use and know well and share your own experience. If you decide to build a website from scratch with the purpose of affiliate marketing and the topic is completely new to you, you will have to spend a lot of time doing proper research. It can bring great results, but before you dive in, first make sure you are enthusiastic about the chosen topic.

3. Find affiliate programs to promote

Once you have a category of products selected, you need to choose affiliate programs. You can either sign up for affiliate networks or choose independent programs run by the merchants. Don’t choose advertisers based solely on the highest commission. There are a couple of important factors:

4. Start promoting

There are many traffic sources and you can try them out simultaneously to increase your chances of making money:

Remember: Products you promote and the content you create should match. Your audience comes to your website or signs up to your newsletters to read valuable articles. Focus on your readers, the problems they may face, and how to solve them. If your content is of real value and doesn’t look like it’s been created for the sole purpose of promotion, people will more likely click on links.

5. Monitor your results

In affiliate marketing it is important to test various promotional strategies and track your online marketing efforts. If the merchant provides reports based on UTM codes, don’t forget to tag your campaigns. It will help you understand what kind of campaigns work with your audience.

Affiliate marketing done right

Affiliate marketing is not as easy as it seems, but when it’s done right, it’s worth the effort. Foster relationships, learn every day to become an expert in your niche, and focus on creative ways to promote affiliate programs.

If you are ready to make your first commission, I encourage you to check our Partner Program. Please do not hesitate to contact me if you need help with getting started and I’ll be happy to help.