How do you make money in affiliate marketing?

How do you make money in affiliate marketing?

In this short article I will answer your question how do you make money in affiliate marketing by taking you through the steps associated with setting up an affiliate marketing business, how much money can you earn as an affiliate marketer, how to develop an affiliate marketing strategy, the do’s and don’ts of affiliate marketing.

The internet has seen an explosion in online sales, the Corona virus has added to that and it will make people more aware of what goods and services are available online so I see an even bigger future for affiliate marketers.

How to make money in affiliate marketing Affiliate marketing

I’m assuming that you have heard or read somewhere about affiliate marketing and the question how do you make money in affiliate marketing has arisen.

In a nutshell should you decide to become an affiliate marketer you will be paid a commission for bringing new business to a company.
It is one way of making money on the internet, not only will you make money but it will be passive income.

Passive income means that you will work really hard for the first couple of years to build traffic to your site during that time you will select affiliate programs to join.

Affiliate programs

Affiliate programs like this one will give you access to text links and banners that you can place strategically on your website, when a person comes to your site and either clicks on a text link or banner, they are taken to the vendors site.

The vendor has the responsibility to sell their product or service go that person deliver it to them and offer the after sales service to the customer.
A cookie is placed on your affiliate link or banner, that means that once a person clicks on it they will be taken to the vendors site where they may or may not make a purchase.

Cookies typically last for 30 days meaning that if that person buys within the 30 days you will get paid a commission.

Does affiliate marketing really work?

This is how you make money in affiliate marketing but does it work? the figures would suggest that it does 9% of online vendors surveyed stated that they laid out more than $100,000 to affiliates in 2019.

Another authority website Statista reported that affiliate marketing income is set to reach 8.2 billion in 2022.
Affiliate marketing does work, is it competitive hell yes! are you prepared to devote at least 20 hours a week to building your affiliate business?

To be successful at affiliate marketing you need to spend the time, research your niche, build a website and write quality content that will over time get you loads of traffic to your site.

The biggest issue for any online marketer is how do you get enough traffic to your site; you will need thousands of people visiting your site if you want to make the big money.

Commissions image make money in affiliate marketing Where do you start?

Knowledge is the key to any successful business; will you have all the knowledge at the beginning? most unlikely I think that most know how business works but an internet business is a whole new ball game.

Start by learning the fundamentals of affiliate marketing learn from people that know the subject inside out, you can do that by doing this free online Entrepreneur certification course.

Inside the course you will read some very successful affiliate marketers stories about how they actually got started, what they do to make money and how they make money.

Top tips from successful people

Here are some top tips that I have gotten from some very successful affiliate marketer within the community at Wealthy affiliate it pays to listen to this advice;

  • • Think about your audience, what would they be interested in, what goods and services would they purchase, would you be happy to recommend these goods and services to your audience?
    • Research your niche, find out all you can about your niche, make sure it is a niche that you know something about otherwise it will be a chore when it comes to writing about it.
    • Research affiliate programs, not all are created equal check out the commission structure, how you will be paid, are they a reputable company, how long do the cookies last, have they a good after sales service, after all you will be associated with them.
    • When you are writing be honest with your audience, if you have good advice give it to them, if you write based on research show where it came from, offer free resources on your site, add a privacy policy and affiliate disclosure, add a o tact email or phone number.
  • Develop a social media presence that attracts more people to your website or blog.
Build a website
Photo Elsa Noblett insplash

It all starts with a website

In the modern world that we live in starting a website is easy peasy, I recommend that you use a WordPress theme because they are so easy to use.

WordPress have thousands of themes to choose from, in fact this website is a WordPress site that comes as part of the Wealthy affiliate platform.

I recommend that you start your affiliate marketing business by joining the world’s best platform for affiliate marketers a place where you can meet like-minded people just starting learning how do you make money in affiliate marketing.

You can join Wealthy affiliate for free just like I did by going to this page,.

Start and complete the online Entrepreneur certification course, it will teach you in a simple way how to set up your site, what to do and how to do it.

I recommend that you do this tutorial by Kyle one of the founders of this very successful online community of affiliate marketers.

What will you learn in Wealthy affiliate?

It will take time and patience to learn how do you make money in affiliate marketing but rest assured you are in the right place.

Wealthy affiliates training will teach you how to cultivate an audience, how to choose products and services and promote them to your audience, how to be effective at writing quality content.

Most of all you will learn how to do the business of search engine optimization or SEO you will learn the inputs and bolts of how to get the search engines to understand what you have written.

You will also learn how to make your content readable and interesting for your audience and how to make money from the comfort of your own home.

How Much Can You Earn?

A lot will depend on the niche that you decide to choose, for example if you decide to write a blog that attracts people that are interested in buying supplements you may well become an Amazon affiliate to recommend supplements from the Amazon store.

The Amazon associates program pays commission somewhere between 5-10% not that attractive unless you are making thousands of sales each day.
there are far more attractive affiliate programs out there.

For example you could look at the Wealthy affiliate program where you get paid $22,398 per month for 50 referrals with an average of 12% upgrading to the premium membership.

Wealthy affiliate affiliate program image
I would encourage you to take a serious look at the potential earnings from a program like Wealthy affiliate the program is based around how do you make money in affiliate marketing so it will be of interest to millions of people.

Conclusion

Affiliate marketing can potentially be lucrative, however if you are patient, follow the wonderful training at Wealthy affiliate, learn from the people that know how to make money from affiliate programs, take an active part in the community, there is nothing to stop you from getting started in affiliate marketing and going on to make money online for years to come.

References
https://www.statista.com/statistics/693438/affiliate-marketing-spending

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