How to Make Money Online Through Affiliate Marketing
These 4 best practices about how to make money online through affiliate marketing will help you discover how to set yourself up for success. But, your success depends upon several factors.
First, it is not always easy, especially in the beginning. Second, you will spend a great deal of time finding and testing the products before your promotions. Begin with products and tools you already use in your business. These are the perfect things to promote. After all, you’ve used them first hand and can talk about them confidently.
If you have been in business for a while and have decided to incorporate affiliate marketing as an income stream, you are in a great position! Many successful affiliate marketers began their empire by recommending products and tools they already use in their business. If you have an established online business, you also know who your target audience is. Therefore, when you present an offer to them, they are more likely to act upon it.
For beginners, you need to research and decide the niche or area of interest you will approach. For instance, a niche of ‘health’ is too broad. So instead, narrow that down to ‘weight loss,’ ‘exercise,’ or ‘alternative health’ topics. Good research takes time, but it is worth it in the long run.
Best Way to do Affiliate Marketing
1. Product and Vendor Selection Process
You must be highly selective in choosing the products to promote. Of course, they should be high quality. However, they need to be relevant to your audience. Picture in your mind who your target audience is when selecting your products. You can’t be all over the place with your chosen products. This confuses your audience.
Furthermore, only work with merchants you have thoroughly researched. For example, read comments seen on their websites and social media. Also, look at how their products have been rated. Most importantly, does the merchant have a great reputation? Are they honest and trustworthy?
Remember, when you partner or promote someone, you put your reputation at stake. You’ve taken the time to nurture and build an audience that trusts you. Please don’t lose it over making a fast, few bucks from an affiliate commission.
Ideally, you should promote products that you are personally familiar with. Writing product reviews that include the pros and cons of a product will help you earn a good reputation as an affiliate marketer.
2. Manage Traffic
Don’t send your readers and traffic directly to the vendor’s site! Ensure a way to capture their email address. Send the traffic through your blog or a specific page on your website. This will give you a way to follow up with prospective buyers in the future.
3. Find the Best Affiliate Programs
Take the time to set up your own website or blog. This will help you brand yourself as a marketer and give you a platform to publish your reviews, information, and tips on products.
Don't try and set up multiple sites in various niches. You will find that you don't have the time to manage them all. It is better to start with one site and get that making an affiliate income before starting another one.
As you build your list and site, offer your visitors free reports that provide valuable information in your niche. Inside the opt-in report, you can add your affiliate links there.
Placing paid ads is a great way to get targeted traffic, especially if you use a platform that lets you select a narrow audience.
For example, you can use the Facebook ad platform to choose the demographics and audience that will see your ad. Likewise, you can use a pay-per-click platform (such as Google Ads) to get your ad in front of people who are searching for highly targeted keywords.
Research your product so you know the demographics of your prospective buyers. What they like, where they live, what their income and education levels are. This allows you to directly 'talk' with them on your blog. They will identify with you more easily and be more trusting to purchase from you.
Use these above best practices to form the basics of your affiliate marketing business. Remember that you want to earn the trust and respect of your readers first. Once this happens they will start to buy more regularly from you and you will get to a point where sales begin to happen on a daily basis.
We've covered the top tips and ideas for building a profitable affiliate marketing business. If you have been thinking about getting started in affiliate marketing or want to learn more about it, join us this month to learn and implement everything you need to do.
Affiliate Marketing Mastery
Every month, the MyNAMS Insiders Club focuses on a foundational business topic all businesses need to create sustainable long-term income. June is our Affiliate Marketing Mastery. If you are ready to add affiliate marketing to your business, try now for a $1 trial. You'll get access to all of our workshops, challenges, courses, templates, workbooks, monthly PLR plus our weekly mastermind!
It's the best deal for growing your online business.
David Perdew is the CEO and founder of NAMS - the Novice to Advanced Marketing System. He’s a journalist, consultant, and serial entrepreneur who has built one of the most successful and fastest-growing business training systems online today called the MyNAMS Insiders Club.
The Novice to Advanced Marketing System is a step-by-step system focusing on Team, Training and Tools to help novice to advanced business people build a Simple, Scalable and Sustainable business.
He took a year off in 2003 to personally build a 2200 square foot log cabin in north Alabama where he and his wife and two dogs and a cat live on 95 acres of forest with four streams and 60-foot waterfall.
The NAMS team includes his daughter, Jen, who is an email marketing and automation specialist. Jen runs the day to day business and is one of the primary trainers in our MyNAMS Insiders Club.