There are many different ways to make money online. From building your own online store to selling advertising on a popular website, there are many options available. However, many of these options require you to make your own products or be able to offer special services or skills.
Affiliate marketing is a type of marketing that can be used by individuals of all experience levels from absolute beginners to long-time professionals.
Affiliate marketing is when you don’t actually create the products or handle any details of the purchase, but you promote someone else’s products for a cut of the profit. This often comes in one of two forms:
– As a set amount per sale
– As a percentage of the total sale
An example of the first one would be “For every new customer who signs up to email list X, the affiliate receives $5.” An example of the second one would be how Amazon Associates works. You sell a pair of boots for $100 and get 8%, so you end up with $8 for that particular sale.
Affiliate marketing is a popular model because you don’t have to find a ton of money to get started. A domain name and hosting is inexpensive, and if you’re really bootstrapping you can even use many free blogs and resources available online to get into affiliate marketing for free.
When you have this model of making money online you can promote almost anything: there are literally thousands of different websites, companies, and setups that allow you to act as an affiliate for others. However, to succeed in the long-term you will need to make sure you learn how to build traffic and optimize your pages to get the most out of your efforts.
The good news is that this isn’t as hard as it sounds, once you’ve done some research.
Who Are the Big Names in Affiliate Marketing?
The first thing you should do is look at the major affiliate networks. Usually the largest ones are that way for a reason. They might have the best range of items, treat their affiliates the best, and help give you the support you need to actually succeed.
While there are others, start out by looking at the following giants in the industry:
– Amazon Associates (Amazon.com)
– Clickbank (specializes in e-books & digital courses)
– Commission Junction
These are four of the biggest programs out there. Clickbank is unique as they were early into the affiliate marketplace and only sell e-books and e-courses. However the commissions on their sales are often an extremely high percentage.
Amazon and eBay everyone is familiar with. Commission Junction is like a marketplace of different companies wanting affiliates all in one location. Think of them as an online bazaar. There are many options, but be warned that many companies will demand a certain level of website before they allow you to become an affiliate. All these companies can be applied to through CJ, but the individual companies decide whether to accept your affiliate contract or not.
Tips for Succeeding as an Affiliate
One of the best things you can do early on is to ignore your cut, ignore a lot of the tips others write about, and simply focus on building a solid website or blog on a subject you know a lot about.
If you’re an outdoor fanatic then focus on products for hunting, fishing, hiking, camping, or whatever else you’re into. If you like arts and crafts, focus on those. People are more likely to buy through affiliate links from blog posts or pages that are well-written, thorough, and passionate. Play to your strengths as you’re learning how to go about selling for others!
Don’t stare at the results too early. Get used to blogging, to creating good affiliate links, using pictures, and creating a great website. As you become comfortable with this, then you focus on learning tips and getting better at driving traffic. The end results could give you a life more amazing than you can currently even imagine!