How To Make Money Online Doing Affiliate Marketing
There are many opportunities for making an active and passive income on the internet. And with modern technology, this task can be done anywhere you desire.
One of the many ways to use the internet as an income source is pursuing affiliate marketing.
It is intended as a way to generate income, Let’s have a look at how this works.
What is Affiliate Marketing
Affiliate marketing is selling another person’s or company’s products and services. It’s like a referral service.
You set up a website or blog and join affiliate programs that are relevant to your audience. You can connect to these programs through affiliate networks like ShareASale that provide you with a link that you include on your site.
When someone clicks the link the person is taken to the merchants’ website and if a product or service is purchased, you receive a percentage of the sale proceeds as a commission.
How Much Money Can Be Made?
A survey from VigLink shows just how much income affiliate marketers are bringing in. According to the survey, 9% generated more than $50,000 in affiliate income in 2016.
The majority, 65%, said they were making between 5% and 20% of their annual revenue from affiliate programs.
The survey also showed a link between time frame and revenues. Among the publishers with the largest revenues, 60% had been utilizing affiliate-marketing strategies for five years or more.
The most advantageous aspect of affiliate marketing is that once you get a solid affiliate program in place, you can essentially earn an income on autopilot. All that’s really required is a steady flow of traffic to your blog or website.
You can start affiliate marketing for free but it will take time to build your audience and trust, which in my opinion is the hard part of affiliate marketing.
How to Start an affiliate marketing business.
To start affiliate marketing, start by thinking about your audience. What demographic will you be catering for and the kinds of products or services they are most interested in. This would be your niche.
After you have made your decision on your niche, you would then locate the products that you will be recommending, Please make sure that the products or services recommended are good, as your reputation will be on the line.
If you have not used the product or service yourself, be sure to do thorough research before recommending the product or service.
You can add links to any affiliate program to your site, but if you want to market them with authenticity, it’s best to stick to companies with which you already have some kind of connection.
Find An Affiliate Program
Next, research individual affiliate programs to compare their structure. You want to consider factors such as how much the commission is and how often the affiliate pays.
I find it best to use a reputable affiliate network like ShareASale’s as this will eliminate any problems you may have with an individual affiliate, except for Amazon which runs its own affiliate program which is very good.
Remember it is very important to add a disclosure to your blog posts or somewhere on your website letting them know that they may come across affiliate links. And you will be paid a small commission which does not affect the price of the goods or service they are purchasing This adds to your credibility, and it’s also required by the Federal Trade Commission’s endorsement guidelines.
The Bottom Line
Affiliate marketing can be lucrative, but it takes a commitment of time and money to make it a serious enterprise.
Wealthy Affiliate is an affiliate marketing training platform, I am a member of this platform and I can assure you. It is a platform built for every affiliate marketer, whether you are new to affiliate marketing, have some knowledge of affiliate marketing or you are an expert with years of experience.
At Wealthy Affiliate, You can join our starter program for free, and with the free starter program you will receive 10 lessons and at the end of these lessons you will have your online business website ready for business.
Wealthy Affiliate has been around for over a decade and during this time the members have grown to over 1.4 million and are from across the globe.
Here is a video of one of the lessons in the free membership.
With Wealthy Affiliate, there is no need to worry if you are a novice like I was, as you can see from the video, the lessons are given in a manner that is easily understood, and in case you do not understand something, the Wealthy Affiliate is a community that is filled with members who are willing to assist you.
And because these members are from around the world, there are members who are from different time zones, so thee is always some on the platform to assist, and there are also the owners’ who are also the tutors, they can also be contacted.
There is also the premium membership, which does cost, but in my opinion, it is well worth the cost here is the price list
To make money online it is best to have different streams of income and with the premium membership you get 50 websites, I would suggest that you set up your business with one website and have it running and is established before starting a new one (my opinion) But if you can manage more than one that’s ok everybody is different.
Here is a list of what’s available with both membership.
With the premium membership, there is also live video training, and the good thing is these trainings are archived for premium members so they will always have access to these videos.
Here is a sample of one of the live training videos.
With Wealthy Affiliate, there is no need to go outside the platform for anything, everything is provided and all for the same membership fee. There is no upsell, you do not need to purchase additional tools or information, and remember you start your own online business for FREE.
I must let you know affiliate marketing is not a get rich overnight, affiliate marketing is like any other business, it takes time to build customers and trust.
Here is an article from one of the Wealthy Affiliate members just telling you a bit about affiliate marketing https://my.wealthyaffiliate.com/ropesa/blog/what-do-you-need-to-know-about-affiliate-marketing-ask-wa/a_aid/5373fe86
I am a retiree with no previous knowledge of affiliate marketing or computer technology apart from entering data, and with the training, At Wealthy Affiliate, I am earning some extra income to supplement my retirement income,
Wealthy Affiliate is a company that genuinely cares that its members succeed and is constantly updating its platform so the platform has the latest information and tools available, nothing is outdated.
The site is available 24/7 and can be reached from your dashboard at no extra cost like some other training platform.
So I am encouraging you if you are looking to earn some extra money to supplement your income, or you re saving for some project like traveling or anything that needs some extra money, saving for your retirement is a very good project, come and join me at Wealthy Affiliate you can be a starter member for free, and a free membership never expires.
You can become a member by clicking on any link within this post and I will be there to show you around and answer your questions, I will be there for you.
Thank you for reading my post, I appreciate it, please remember to share, and you can leave your comments and questions in the space provided at the end of this post and I will reply.
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).