In this post, you’re going to learn how to generate passive income with successful affiliate marketing. If you’re brand new to it, this post will help you get started.
First and foremost, let’s begin with a very short definition.
What Is Affiliate Marketing?
Affiliate marketing is when you receive a commission an online retailer pays you for traffic or sales you generated from referrals.
How Does Affiliate Marketing Work?
Affiliate marketing is a simple 3-step process:
- You recommend a product or service to your followers.
- Your followers purchase the product or service using your affiliate link.
- You get paid a commission for the sales made using your affiliate link.
Getting Started With Affiliate Marketing
Let’s now talk about how to get started with affiliate marketing.
Many who aspire to be affiliate marketers don’t take the time to plan and instead sign up for every affiliate marketing network or program they come across. In the end they become overwhelmed and overloaded.
Make time and work through these 7 steps if you want to set yourself up for success. Complete the first 4 steps before you even consider promoting a single product.
1. Find a Niche
Choosing a niche will give focus to your business and help you with content. For some people, choosing a niche is the toughest part of starting their own business, but it doesn’t have to be that way.
To choose a niche, it just takes asking a few questions such as:
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What am I passionate about?
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Is this topic large enough?
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Is the niche saturated?
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Is there money in this niche?
You’re looking for products that have a high Gravity score, decent average income per sale, and that would fit in naturally with your content. If you’re finding plenty of products you would be able to write about, you’ve found a profitable niche!
2. Build a Website
Once you’ve found a profitable niche that caught your attention, you’re ready to build a website and blog. WPBeginner has a great guide to help you choose the best blogging platform that will definitely make this process a lot simpler.
The primary focus of your site is going to be your blog, but there are several pages that you should consider including, such as About, Contact, Disclaimer, Privacy Policy, Terms of Service, Advertise, and Custom 404 Page.
Make your policies to be clear and open to avoid confusion and build trust with your audience.
3. Create Quality Content
Now that the framework of your page is ready to go, you need to create content. Some affiliate networks and programs require you to already have established content, site traffic, and monthly views at a certain level before they’ll accept you as an affiliate, so make sure you read the eligibility requirements for the exact networks and programs you’re considering before applying.
This doesn’t mean that you have to create 100 blog posts before you can even think about becoming an affiliate marketer, but you should have at least five well-built posts already on your website with more scheduled.
4. Grow Your Email List
Yes, email is still the primary communication channel for marketing, and it’s worth investing some time and money into growing your email list. Adding a popup to your site is one of the easiest ways to grow your email list.
5. Choose Affiliate Products to Promote
Choosing affiliate products to promote should be easy if you’ve done the work to choose a niche! Choose products that are relevant to your niche and content. Where do you get ideas for products to promote? Anywhere, really:
Promote Products you are acquainted with
What do you already use and love? There’s probably an affiliate program for that.
Create a list of all of the products and services that you use and visit Google to find their affiliate programs. Then, write reviews and put the affiliate links.
There’s a good chance an affiliate program exists for whatever you love to use.
Promote Products That Fill a Need
What problems are people who are interested in your niche facing? You will know this by listening to them. Are there gaps in the solutions that are already available? Find products that can help and try them out. Become an affiliate if the products are good, and then recommend them. Your audience wants solutions. If they work, they’ll be willing to pay for them.
Promote Products Your Audience Wants to Know About
Ask your audience what they’re interested in and try it. If it’s a good product, recommend it. If it isn’t, tell them. At best, you’ll get sales. At worst, you’ll gain more trust from your audience, which basically means there’s no “worst” here.
Promote Products from Others in Your Niche
Pay attention to other affiliate marketers in your niche. What are they talking about and promoting? What ads are they using? Check out Facebook, Twitter, Instagram, and Pinterest to take a look at their affiliate and ads to see what other affiliates are promoting.
Trustpulse.com can help
you leverage the power of social proof to promote your affiliate products and
increase conversions by up to 15%.
6. Join an Affiliate Marketing Network
Affiliate marketing networks are essentially online marketplaces where retailers list their products and affiliates can find products to sell. The marketing network acts as a go-between. As the affiliate, you should never have to pay to sign up for an affiliate marketing network.
Here are a few of the more well-liked affiliate networks out there, but there are lots more than this:
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In just a few minutes, this WordPress plugin lets you launch a fully-functioning affiliate program from start to finish. You’ll be able to easily track outbound links, clicks, payments, and sales from your easy-to-use dashboard—personalized to include only the data that’s important to your goals.
7. Track Your Results
With MonsterInsights, you can easily track the performance of your affiliate products on a WordPress site.
You’ll need to install and activate the MonsterInsights plugin to get started. Then, link your WordPress website with your Google Analytics account.
You’ll go to Insights » Settings in your WordPress dashboard and select the Tracking tab, once the plugin has been activated.
Tracking your affiliate links in this way can help you understand which products perform better with your audience which can help you provide better products to them in the future.
Even better, you’ll be able to use this knowledge to provide them with better content, increasing their trust and loyalty. This will keep them coming back to you time and again.
You should look into a link tracking plugin like Pretty Links if you want your affiliate links to be shorter and more memorable.
Pretty Links is simple to use and turns those long, not-so-pretty affiliate links into something readable. Plus, Pretty Links makes it easy to brand and advertise your affiliate links, manage server-side redirects, and has built-in performance metrics so you always know how your links are doing.
Conclusion
That’s it! Now that you know how to generate passive income with affiliate marketing, you should take the time to practice what you’ve learnt.
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