How To Make Money Affiliate Marketing
I could start with ways to scale up on success but that leaves out the millions of you just getting started. Still, this post will be largely about ways to scale up your affiliate marketing business. Scaling up will be a secret for affiliate marketers that will set you aside from those who make money affiliate marketing and this who make a lot of money affiliate marketing.
What is Affiliate Marketing and How to Make money Affiliate Marketing Online?
First off an affiliate marketer is someone who advertises and promotes a business and it’s products for a commission. Do it well and you will make money affiliate marketing. Do it wrong it can take years of trial and error and you may even lose money during that time. Give up fast and you may as well have never started so if you are a quitter not willing to give it at least 6 months to a year to make money online then please stop now and come back when you are ready to own a business.
Not to sound harsh but the average offline business takes 3-4 years to turn a profit. Online business is a real business but with affiliate marketing the cost is low so you could see profits in as little as 3-6 months. Most will be around a year in affiliate marketing to see any real Return on Investment or ROI.
Some quick affiliate terms and definitions so I don’t lose the newbie affiliate marketers in this mini how-to guide to affiliate marketing.
- Affiliate marketer – A commission earning contractor not an employee of a company with products or services for sale.
- Affiliate program – The program offered as a means to track affiliate commissions and pay them once terms of service are met.
- Affiliate network – A Company that manages the affiliate programs of multiple companies, products, and services.
- Affiliate commission – A percentage of each sale of product or service.
- Network Marketing – a Multi-tiered affiliate program that doesn’t require you to pay a fee or buy a product to participate.
- MLM– Multi-Level Marketing business with a fee to be an affiliate or minimum purchase required to promote them.
- Blog – A weblog Blog, or online journal of thoughts on a chosen subject. This will be your home to earn money.
- Hosting – A Website or blog host provided service that allows you to have a website or blog online.
- Domain Name – The address your blog is found at on the web IE… affiliate3percent.com
- Sub-Domain – An extension of the main domain typically of lesser search value as link juice, an SEO term for authority is passed to the Domain. Example: amnletter.blogspot.com
- Traffic – Number of visitors to your blog either new or revisiting readers.
- List – e-mail marketing list or subscribers.
- Social Media – Facebook, Twitter, LinkedIn, Pinterest etc.
- Forum – Online questions and answers based on topics of interest. Example Quota, Warrior Forum, ECommergy Forums.
- Investment – Cost like domain, hosting, advertising, and program fees. A big expense up front may include training in affiliate marketing but can be done for under $50 a month including a 5 start webs hosting solution for your blog via Wealthy Affiliate.
- SEO– Search Engine Optimization or a means getting found and ranked on search engines like Google to earn free traffic.
- Lead – A prospective customer or referral who has offered information like a name and e-mail address and maybe even a phone number to contact them with more details.
- Autoresponder – Electronic e-mail marketing to follow up with leads without repeatedly typing basic program or product information. Usually includes a bulk e-mail tool to broadcast important updates and offers to your leads without having them repeatedly sent to new subscribers.
- Subscriber – Person who follows you or your blog and social media profiles, and e-mail list.
- Sponsor – to invite someone into your business opportunity. Often includes sponsoring or training that recruit according to program guidelines.
Now that we have a basic outline of terms in Affiliate Marketing We can move on to some basic training.
At this time I highly advise you to take up the free training and 2 blog sub-domain hosts from Wealthy Affiliate where you will learn so much more than I can teach you in a post. Read my Wealthy Affiliate Review here. (opens in new tab). The program will teach you blogging basics like how to set up and structure your site in minutes, and if you become a Premium Member in your first 7 days the first month will only cost $19 which is a steal for what you get.
So what about the basics. Well once you have a bit of training you will find a niche or specific interest and direction for your blog is an absolute must. The learning curve in the early going will be steep but is easy to keep up with since it works at YOUR PACE, not some 1-hour test you have to pass.
“Best training advice is to take your time, remember you had to learn to walk and talk so you can do anything you put your mind to, and that results need traction which is time to take hold and start moving so you won’t likely see a big chunk of ground made up in a few days or even weeks.” Andy Zeus Anderson
Traffic at all stages will be your lifeblood but remember short cuts to traffic can be damaging. Have a pan to filter low-grade traffic like traffic exchange and safe list if you choose to use them instead of sending these users directly to your blog. Never get caught up in Link Buying as the sites are never as targeted and high quality as the companies make them sound. Spend as much time as possible learning Social Media, Forum Marketing, and SEO or Search Engine Optimization techniques and study the actions and content of other bloggers.
Getting blog traffic is relatively simple for such a seemingly difficult task.
Please read my Jaaxy Review and make sure to take advantage of the Jaaxy Light offer. You will need to understand that there is a difference between advertising and marketing before you proceed, so that is the next logical step in your education in How to Make Money Affiliate marketing Online.
What is Advertising and how does it affect my affiliate marketing business?
Advertising serves two purposes. It gets product and brand awareness to take a foothold, and it starts the process of getting more information about those products and companies. You will use it to introduce people to your blog and scale up your affiliate marketing results but will not likely see strong sales from advertising alone. You will find as you grow that advertising on different platforms will need different targets. An example is Facebook Ads are better off targeting a page or group on Facebook than promoting a single article directly on your blog. This will allow for a social media lead capture even if the person doesn’t find an article they think is worth leaving Facebook over right now.
Advertising on Google or Bing may better serve to promote a review post, but done poorly you run a risk of seeming like your reviews are advertisements and getting your accounts frozen. Where possible have an advertisement lead to a page created to explain your newsletter and offer gift instead of taking the party directly to your blog when using Google Ads or Bing Network Ads. Native Advertising like Taboola is often your best source of traffic as a blogger because the focus is on sharing reviews and content on like interest websites.
Website Advertising is typically sold on a Pay Per Click or Pay Per Visitor basis and needs study before doing. Learn to use a tool like Jaaxy to find low hanging fruits or search terms with little completion and you will save a ton of money.
What is Marketing and how does it affect my affiliate marketing business?
Marketing is how you continue the story from the point of advertising or connecting with a lead or prospective referral. When you get someone into your website or social media profile and then connect with them on like interest and help them answer questions and find solutions you will build your brand or how people see you as a blogger and affiliate. This relationship must be nurtured with honesty and integrity. This is how well you are trusted as well as recognized and can mean they send you more subscribers.
Marketing begins with their questions, your answers, and can lead to product reviews and should be ongoing as one lead can be multiple product buyers. You will soon find your e-mail list is almost as powerful as your blog for generating sales because it takes that potential customer who didn’t but on this visit and brings them back for more information and another or many other potential sales. It helps you continue to build trust. Likewise, nurture and value your tribe of followers on social media. Make them important to you and you will become important to them.
Generating affiliate marketing sales is a numbers game.
You will need hundreds of visitors to generate dozens of leads and dozens of leads to generate a handful of sales. So it stands to reason the more traffic you have the better your sales will be. The problem is it takes traffic, awareness, and trust to build more traffic, more leads, and more trust and it will take training getting their and time.
The easiest way getting more traffic is to invest more in advertising but if your blog has little information and only a few pages it will be hard to convert visitors into leads much fewer sales so learning to blog and blog often is needed. You need to also start building your social media following from day one as a blogger. You will find it a boost of traffic getting people coming back to your site and the social signals will help you rank your content or articles, pages, and post in Google faster and higher.
Using tools like YouTube videos of your best reviews and content can explode your results as well, but the buzz word will always be, “content is king” and “the secret is in your list” as content draws new traffic and a list keeps them coming back.
Now that you have a basic idea of what to learn to drive traffic and convert sales let’s talk scaling up your affiliate marketing business.
I am on a pace to hit 144 articles to my blog in the next 12 months. That’s a rate of just 3 articles per week and if I can average just 50 visitors per article a month I can have 84,000+ unique new visitors a year per 144 posts. If I get those numbers I can direct approximately 2500 to 2600 new prospective members into my list or a free offer as the free membership option at Wealthy Affiliate. From there, my conversions are 12% or higher to paid memberships like Wealthy Affiliates Premium offer which will pay me $23.50 per month or $175 a year on new memberships.
On 2600 leads I stand to make over $7,000 a year on 311 new paying referrals. This is part of why I love you so much. Now say I want more than that I will need to either add more years which is the long route. Add more advertising which in turn builds more relationships and new door stops since every post is like having a new door on the information superhighway we call the Internet. The other way to scale up which is most cost effective is more content.
You can get more content by hiring writers through freelancer sites like Hire Writers and ineedarticles.com. You will need to spend some time and money and the profits initially may be non-existent but aged post mature and generate traffic and more content will lead to more leads and more sales.
This is how you start the scaling up the process but you can also use YouTube videos, take on more authors to your blog, and even start additional publications in other niche markets. One of my favorite I plan on doing is writing a few Kindle Books related to my content here on Affiliate 3 Percent. E-book sales will brand you as an expert, drive sales, and help you reach the size of the publication you want.
Summary of the Best Way to Make Money Affiliate Marketing Online.
While I have not hunted programs for you and leave several items for other post and articles you should by now see the path to more profits. How much more is up to you. I personally reinvest at least 50% of my earnings into my business and will likely beat my 1-year goal for content by at least 60 posts because of scaling up along the way. My goal in 5 years is to reach 3 million monthly page views off a minimum 600,000 Unique monthly visitors for example.
Is it possible? Yes, I have done it before my nervous breakdown and it comes from leveraging other people’s content along with my own to generate the traffic and new connections. Are their blogs doing this kind of traffic? Yes, and more, Huffington Post, for example, does over 8 million monthly page views. ShoeMoney blog, Pro Blogger, Mashable, BuzzFeed, TMZ, and thousands of other big blogs make millions in annual affiliate sales.
Think about those numbers. In any business see the potential and it will drive you to be your best. Want more you need to learn more and do more. Congrats on your decision to Make Money Affiliate Marketing.