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Wouldn’t it be amazing to make money while you sleep?
Better yet, what if you could sell a product that you didn’t create?! No shipping! No fees! Just cold hard cash in your pocket.
Those are just some of the benefits of affiliate marketing.
Affiliate marketing is a strategy where bloggers, digital marketers, or anyone with an online presence can earn money through successfully referring customers to a specific service/product.
There are two sides to the coin when it comes to affiliate marketing.
You’re either the affiliate or you run an affiliate program.
Affiliates earn money by recommending products or services to their followers.
They include links to sign-up and checkout pages in their content and get paid when someone purchases through their link.
Also known as an associate program, these are set up by companies who require others to promote their goods or services.
It works out well since they will get access to the affiliates’ audience base and generate more sales.
Affiliate marketing is generally regarded as a part-time passive income source.
However, you can wake up to thousands of dollars in your bank account if you do it right.
Many factors will determine how successful you’ll be.
Here are steps you can follow to start raking in the cash with affiliate marketing.
The trick is to stand out from other marketers.
The best way to promote your affiliate links is through a blog.
When starting a blog, choose a niche that people are interested in.
You might think that marketing a range of different products would bring you more revenue but that’s far from true.
The key to selling through affiliate links is having a large following and the best way to grow your audience is by becoming the authority in your niche.
This way you retain loyal subscribers and keep generating new interest to your site.
It’s also important you choose a domain name that expresses what your blog is about, e.g. www.marketing101.com.
This will help your site rank higher in Google searches.
Now that you know how important sticking to a particular type of content is, how do you choose what to write about?
Firstly, ask yourself what topics you know well.
Readers have a knack for spotting people who have no clue what they’re talking about.
Then see if there’s a market for that type of content.
You can always adjust or tweak it slightly to fit people’s needs, e.g. You’re a tech guru and want to explain how coding works, why not also review apps that teach coding?
This way you provide more value to your readers.
Whatever niche you choose, make sure there’s a market for it.
And if you don’t have anything you think people would be interested in, then you can always go out and learn new skills.
Once you have your blog up and running, you can look for affiliate marketing programs.
Search for products related to your niche and research companies that sell them.
Then sign up for their affiliate programs.
Once you sign up you’re given an affiliate ID.
When you’re promoting a product on your site, you include a link to that company's sign-up/checkout page and add your affiliate ID at the end.
This ensures that any sales made through that link can be tracked and credited to you.
For people in the digital marketing and online business niche, systeme.io offers a 40% lifetime commission to affiliates.
You can sign up for free to join our affiliate program.
Now that you’re officially an affiliate marketer, it’s time to make sales.
The reason why so many people choose affiliate marketing is, you don’t have to forcefully promote products or services.
You just have to create quality content that establishes trust between you and the reader, then they will gladly buy what you recommend.
So, how do you create top-notch content?
Great content drives traffic and traffic drives sales!
You could offer free ebooks or How-to guides in exchange for their email address.
This is known as a lead magnet.
Segmenting your subscribers into different lists, based on interests, location, and purchase history will help you deliver personalized content.
This will result in better click rates.
Click rates refer to the number of times your affiliate link was clicked.
An email campaign is a series of emails you send that eventually leads prospects to a sign-up page.
You can use this strategy to promote products. Here is an example of an email campaign sequence:
Email 1 - Make $100,000 with this
Email 2 - How I boosted my sales with digital marketing
Email 3 - The Greatest digital tool (I made $100,000)
Email 4 - Get systeme.io now! FREE for 1 day only!
Use an email marketing service or a digital marketing service to keep track of your success and help improve your sales rates.
Stats to monitor include your open rates, click rates, and bounce rates. Many underestimate how important this step is, don’t let that be you!
I know you’re thinking “wasn’t the entire post about converting prospects?”, but hear me out.
Just getting people to click on your link is not enough, you want them to make a purchase.
Granted you have no control over the product, but you can optimize your links to more effectively convert prospects.
Insert links in areas they would have maximum impact.
The bottom of your article is unlikely to get much attention.
Here is an example of a good link placement:
People are more likely to purchase something they can see.
Include links below or immediately above images of the product.
Instead of just posting links, you can create buttons to advertise links.
These are more likely to draw your readers’ attention.
Call-to-actions also help encourage the prospect to click on the link.
Some good CTA examples include:
These small hacks will go a long way in maximizing your profit.
As a bonus for making it to the end of this article, we’re going to share with you some of the best affiliate marketing programs you can join.
An important factor to consider when choosing an affiliate program is your cookie lifetime.
This refers to the time you have to make a commission from a link.
Your virtual timer starts the moment someone clicks on the link, but if they don’t actually purchase the product in the given timeframe, you won’t get paid.
Commissions paid to systeme.io affiliates
As we mentioned above, systeme.io offers a 40% lifetime commission for affiliates.
This means there’s no timeframe on your earnings and 40% is a lot!
It’s a great program for beginners because our software pretty much sells itself.
I mean only $27/month for all your digital marketing needs!
Amazon has a variety of products to choose from so whatever your niche is Amazon can help you make some money through promotions.
The only problem is their short cookie life (1 day).
Clickbank is a marketplace where affiliates meet merchants.
There are over 4,000 products to choose from. Items have different commission rates depending on the seller so you can just pick the products that best suit your needs.
Starting out as an affiliate marketer could lead to the big financial break you’re searching for.
It’s true the money may not be rolling in as soon as you start but by using the right tools and your intuition, you could be leaving your 9-5 job pretty soon.
We hope the tips and hacks in this article help you on your path to success.
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