There are several ways to make money online, but affiliate marketing is probably the most effective and suitable system for everyone. In this post I will be focusing on how to earn money with affiliate marketing and what you need to do to be able to create an income online.
What is affiliate marketing?
Affiliate marketing is a marketing practice in which companies pay you a commission for each customer earned through your marketing efforts.
Here is a simple example: you place an advertising banner on your website, someone clicks and buys the advertised product or service. As a result, you earn a commission. Easy, right?
There are different types of affiliations, which are classified according to the goal or the type of conversion, which can be selling a product, acquiring contacts and subscriptions, acquiring clicks, etc. Here are the main types of affiliations:
- PPS – or “pay-per-sale”, which means that you will receive a commission when someone purchases a product or service through your affiliate links (just like in the example above).
- PPC – or “pay-per-click”. In this case you get paid when someone simply clicks on your affiliate link. It might seem like a faster way to make money with affiliate marketing, but the earnings here are much lower than with the PPS. You will get $0.01-0.20 on average per click.
- PPL – or “pay-per-lead”, which means that you will be paid when the user leaves his personal data, such as signing up for a newsletter or a webinar etc.
The advantages of affiliate marketing
Compared to other online (but also offline) earning opportunities, affiliate marketing has several important advantages, which make it an increasingly popular choice for those looking for a way to earn a living. Here is what they are:
- Low costs – you can really start doing affiliate marketing for free, even if over time you will have to start investing small amounts in some services and products (website hosting, training, email marketing services, social automation services, etc.). But even in this case, the costs will be much lower than other types of business activities. In addition, the sign up to most affiliate networks is completely free.
- It’s a very profitable system – with affiliate marketing you can really earn a lot. There are no limits in this business.
- You don’t have to own the products you promote – so no warehouse, no storage, no inventory, no shipments, no customer service, and no headaches!
- You can work from wherever you want – all you need is an Internet connection and you can work from home, while traveling or on vacation.
You may also want to read ==> 10 POWERFUL REASONS TO START AN AFFILIATE MARKETING BUSINESS TODAY
How to earn money with affiliate marketing
Regardless of the type of affiliate marketing, there are some rules to follow to increase the odds of success and to start earning in the shortest possible time.
The 6 Rules of Online Success
Rule #1 – Rely on an expert
This rule is fundamental especially if you are a beginner and you don’t know where to start (or think you know!).
It is very important to be well informed and have the right knowledge before making the first step. This will help you avoid bumping into a dead end and wasting time and money.
Taking the right training allows you to shorten your journey towards success and maximize your chances of long-term success online.
Here I would like to recommend the most authoritative platform in this niche called Wealthy Affiliate, that for almost 15 years now, has been training and teaching beginners and more experienced marketers how to build, start and grow their own business on the Internet. It is a real coaching platform. The lessons explain step-by-step and from scratch how to become a successful affiliate.
This platform is different from any other training services, because in addition to training, tutorials, webinars, it also offers all the tools to get started (website hosting, website creation tool, keyword research tool, assistance and support 24/7, direct access to the community of members and coaches with the possibility to interact and ask questions, and much more).
Rule #2 – Choose your niche well
This is another very important rule. A niche is the topic you will deal with and on which your online activity will focus.
Do a research and see what people’s interests are, what they’re looking for, and what they’re willing to buy. Your niche needs to be as specific as possible in order to minimize competition. For example, if you choose to deal with weight loss, don’t talk about weight loss in general, but focus on a certain type of nutrition, such as the Keto diet, the vegan diet, or the Paleo diet, for instance.
Another very important thing is that you must be passionate about your niche. If you intend to build a real online business with a website and create a long-term income, you must be able to take full advantage of your niche by writing articles, promoting quality products and interacting competently with your readers.
Don’t choose a topic that is very popular, but doesn’t inspire you particularly. You won’t get anywhere.
Rule #3 – Choose the affiliate network
Choose an affiliate network that best suits your niche. Among the most important networks are:
When choosing the affiliate network pay attention to:
- the products and affiliate programs present on the network,
- the commissions,
- the payment threshold and
- the payment methods.
Rule #4 – Focus on a few offers and/or products at a time
Don’t rush to promote hundreds of products and throw your affiliate links here and there. Choose a small number of products and / or services to promote (make sure to choose quality products!) and make them known to your audience so that they can take informed decisions and feel confident that they want to buy through your website and affiliate links.
The best way is to create product reviews and then share them on social networks.
Rule #5 – Be constant and patient
Don’t expect to make a lot of money right away. This system takes time and patience. But also, a lot of work on your part. Anyone who tells you that you can make a lot of money online right away and with little effort does not know what making money online is really about, or simply tries to deceive you.
It all depends on your niche of interest, the affiliate network and the affiliate program you choose to promote, but even more so, it depends on your DAILY commitment. There are affiliates who earn millions of dollars, while others don’t even earn 50 dollars a month. The main cause of failure for many affiliate marketers is the wrong approach.
You need perseverance and patience. You have to commit yourself, but you will see that when the results start to arrive you will understand that it was worth it.
You may also want to read ==> HOW TO SUCCEED ON THE INTERNET AND START MAKING MONEY ONLINE
Rule #6 – Track and monitor your activity
Monitoring your business is essential for your online growth. Following all the analytics, insights and statistics allows you to detect problems before they become serious and get to know your audience better: what your readers like, what they don’t like, average age, geographical origin and much more.
Conclusion + Free Guide
As you have seen, earning money with affiliate marketing is not only possible, but it is one of the best ways to make money online. However, it is essential to adopt the right attitude if you really want to achieve success and create passive income.
I have prepared a free guide on how to start making money online, which you can access by clicking on the “My Free Money Making Guide” tab in the main menu of the website. All you have to do is enter your email and confirm your registration, after which I will immediately send you the link to the guide.
If you have any questions or want to share your experience with me, do not hesitate to drop me a comment below. I’d be happy to know what you think.
Wishing you all the best for your online journey,