Affiliate Marketing is any product or service that is placed on a third party website to generate sales by redirecting site visitors to product purchase pages.
The owner of the site (you) then earns commissions on any sales that are made. If done correctly it can be a lucrative business, some of the top earners make millions of dollars each year, and thousands more generate enough to operate affiliate marketing as their full-time job.
Affiliate Marketing has seen quite a lot of growth in recent years but all recent research indicates that it will still continue to grow through the coming decade so there is still plenty of time for newcomers to get in on the act.
Why is Affiliate Marketing so appealing?
There are many sides hustles that one can choose to do, especially with the internet making thing so accessible globally. There are transcription jobs, web design jobs, freelancing and several other tasks that can be operated from home or remotely. So what makes affiliate marketing so tempting for so many people?
It doesn’t take a whole lot of technical knowledge to get started, which is what makes affiliate marketing such a popular sideline for many people. Many website builders that can be found online are specifically geared to non-tech type people and most users can get online relatively quickly by following the steps and tutorials that many site builders include.
It is a low Start-Up cost
A perfect business to operate is one that has zero to low start-up costs. This makes affiliate marketing perfect for a sideline or a full-time venture. Other than the cost of buying a domain name and building a website there is really no other cost that goes into setting up your affiliate marketing business. Of course, you can always opt to throw some dollars into some promotion and advertising but that is entirely optional.
It is Scalable
Depending on how much you want to sell you can add to your portfolio of products over time adding as many or as few as you need. There is no limit to the volume of products or services that you can sell meaning you can grow your business as much as you would like at a pace that suits you.
Starting your Affiliate Marketing website
When you have decided that you want to become an affiliate marketer you will need to have a platform for selling your products. While there are some marketers that manage this successfully by using social media alone, most people opt for selling their products and services via a blog or website.
This gives you a good place to write blogs, create product reviews and provide product comparisons, all that include your affiliate links to guide the visitor to make a purchase. Here are the steps to follow for set up and inclusion of your affiliate links.
- Decide on what your specific niche will be and narrow down even further
- Select a domain name and create a website
- Research some affiliate programs and find out if they supply products that fit your niche.
- Create content that supports your niche where you can place your affiliate links
- Do your website SEO, research high traffic, low competition keywords that your pages and posts can rank for.
- Connect Google Analytics to track traffic and determine which pages are the highest traffic generating.
- Refine, drill down further and optimize more as you learn your audience.
What are the best affiliate marketing partners?
There is a wide choice of affiliate partners that you can sign up with, and you are not limited to just one. Depending on the products and offerings that you want to include on your site you can sign up with multiple affiliate partners. Some popular programs are
- Share a sale
- Amazon Associates
- CJ Affiliate(previously Commission Junction)
Check the terms and most importantly what each program will pay you in commissions. Keep an eye on deals and promotions too as you can often raise your earnings by using these to your advantage.
Make sure you know what your payout levels are too, some affiliate partners set limits on this by paying or only once a month or per every $100 earned.