- What is Affiliate Marketing?
- How do I get started with affiliate marketing if I am a complete newbie?
- Do I need to spend money to make money with affiliate marketing?
- What is the best affiliate program? what is the benefit of affiliate marketers?
- which affiliates can I choose to promote my own products and services?
- Suppose I already have a website or blog with decent traffic. Can I use affiliate marketing to monetize my site?
What is Affiliate Marketing? Affiliate marketing may be defined as: “Selling products of other people on the internet” Affiliate Marketing is a simple but powerful concept. It is known as the easiest and the quickest way of earning on the net. The basic concept of affiliate marketing is to sell the products of other companies on a commission basis, on the internet. The affiliate marketer receives a sales commission on every sale, from the merchant.
Benefits to an affiliate marketer
1. No Need to create a product! One important benefit of affiliate marketing is that you are not required to create or produce any products. It is the duty of merchants to create the products. So you are only required to select the products to sell, get the affiliate links and start your business in ten minutes. You can focus on selling the product as you don’t need to do anything with the production or delivery of the products.
2. You Can Start with No Money, Or with as little as $100 Another important feature of affiliate marketing is that you can start your business with little or no money out of the pocket expense. This is the lowest possible investment in today’s world to start a business which has a great scope in the market. If you don’t have any money to invest, you can always use free tools to start your business. Read about my article on the free blogging platform
3. The Easiest Online Business It is the easiest online business due to the fact that the merchants do all the hard work like making products, delivering products to consumers, handling money transactions etc. Affiliate marketers are not responsible for any of these tasks. They need to focus on promoting their affiliate links. Gbam they smile to the bank every month.
4. Make Money While You Sleep As you have your affiliate links on the website which is available on the internet all the time, you are not required to remain online to keep in touch with your customers. People can visit your site whenever they want and can visit your affiliate links. If they like the product they can buy it by clicking the given links. Your only concern will be checking your email to see how many sales you have made from your links.
5. Penetrate Hot Markets Fast! You can select any hot market at any time to choose the products you wish to sell. If you observe that other marketers are making money with pet care related products, for instance, register with an affiliate program to get some hot pet-related products, set up an Adwords campaign, and in 10 minutes, you can start to make money!
Benefits to Merchants
1) More Sales in Less Time The products of different merchants are advertised by many affiliate marketers at the same time. The main website of the merchant is also advertising the products. If the page rank of the merchant website and his affiliate marketers are high, tons of traffic, which your buyers will visit the product pages. The website of every affiliate marketer will send the people to merchant websites. This results in more sales in less time.
2) Broader Market to Sell Products Having new affiliates expands the market of merchants. Don’t select the affiliates blindly. Do the research to check if the affiliate’s website is related to your business or not. If the affiliate marketer’s website is matching the theme of your product, then there are more chances of sales. The affiliate’s website will receive hits for the people who need to know about your products and they are more likely to visit your website to make a purchase.
3) Fewer Efforts Required Affiliates are doing the hard work of advertising for your products. If your affiliates are doing good work then you don’t need to spend extra time and money on advertising. Concentrate on improving the quality of your products and launching new products. Affiliate marketing can provide easy, fast and reliable money to affiliate marketers. At the same time, it gives more sales in less time and money to the merchants. A win-win solution for everyone.
How To Choose An Affiliate Program
If you are an affiliate marketer, you have two options. The first option is to choose the product which has a great demand in the market. These items are expected to be sold immediately due to the interest of the people. Some examples of such particular items are dating sites, casino sites and weight loss products.
The second option is to choose a product that suits your interests and you are using. Just promote it, in fact, the second option is the best because it makes you be your own model. We recommend you choose a product which is considered to be the hot product in the market as well as you having some interest in it. For example, if you are footballer or football fans, then you should choose football products to promote. These products are among the hottest products on the market.
Plus it will be easy for you to give detailed information about it on your website. So you can give lots of information there, you can write the basic rules about that sport, you can also write tips about how new footballers can improve their playing skills. You can also give some guidance to anyone who may want to purchase football equipment by suggesting the best place to go for good quality equipment. , you can give lots of football-related information on your website that may attract more visitors.
Let us look at some of the important things before promoting ANY affiliate program
Pick A Market Why to choose a market instead of a product? The reason is quite clear that you would like to put more products in your pipeline. You have to choose a market which suits you. You must get detailed information about it. Here are a few good affiliate networks/marketplaces you can check out for more ideas.
- Share A Sale
- Warrior Plus
- Ecommerce Affiliates
There are several other good marketplaces. do a google search if you need more.
Choose Hot Products When you have picked a specific market, now it is time to select a product. You will definitely want to add all the products at the beginning, but it is advised not to do this in the start. If you choose more products in the beginning, you will not be able to focus.
Your attention will be diverted to different products. So it is better to choose one product to get the best out of it. When you have started getting the sales then you can add more products. Always choose the items which have a high demand in the market. If you want to choose a product but don’t know about the demand for that product, then visit Overture.com.
Here you can check the bidding status of a product. If you find that many sellers are bidding for it, then it means it is a demanding product. Be Familiar with Product You must be knowledgeable about the product you are selling. If you do not know much about the product, how can you satisfy and convince your customer?
You must know all the drawbacks of the product. Also, do the comparative study of the product with the other same types of products present in the market. Provide your customers with this comparative study using graphs and tables. This will help sell your customers.
Good Sales Letter Your sales letter is considered to be the key point for boosting your sales. It should be convincing enough for your consumer to want to buy. A good sales letter will attract visitors. You should also add some testimonials in it to make it more effective and believable.
Build an Autoresponder Series After you start your business, you must create a follow-up series, which is also called an Autoresponder series. This series must have the information about your product. There you can add contents of your product. You can build a series having some basic information about it.
There you can tell your visitors how they can purchase the product. You can also add some advantages or the profiles of some major footballers in the world. You should try to be more and more creative. It is observed that during the period of the first few months affiliates do not get reasonable sales.
But after six months, they expect to gain much better sales. Build a Page to Capture Emails Create a page in your website where you will capture information about your prospects so you can send them your follow-up series. If you are building a business, having your own web site is a necessity. This website will be needed to show your affiliate products to the website visitors. You will grab the visitor’s emails to promote your email campaigns.
Money-Back Guarantee If you want consumers to buy your product with no hesitation, then give them the benefit of a money-back guarantee. If the affiliate program owner is not providing this guarantee with the product, then you should look for another merchant.
Contact Info Physical address and contact info must be given on the site. This makes your website more reliable and trustable to your customers. Use Traffic Generation Techniques Once your website is up, use some traffic generation techniques. After applying the traffic generation techniques, you should be patient to get the results.
Try different techniques and see the results. Then on the basis of your experience, continue with the technique that shows the best results. Try Udimi. Affiliates can find on-demand traffic to promote their affiliate offer and build a list. Find extra related products Once you have started to make a good and reliable income with a single product, then you should add some new products to your products list.
But you must carefully select new products to put them in the list. Real-time Statistics Choose the affiliate program that can show you the real-time statistics of your visitors and sales. This will tell how many visitors are going to the merchant website from your website and how many visitors are converted into buyers.
This will help you to see your progress. How to find profitable affiliate programs There are numerous affiliate programs present on the internet that offer benefits to the affiliate marketers. Every program claims that it is the best and can provide the best opportunities to affiliates. But all affiliate programs are not reliable. Several things should be considered before selecting an affiliate program. It is advised to search the most popular directories like AssociatePrograms.com.
Another option is to search in regular affiliate networks like Click Bank (for digital goods) and Commission Junction (mainly for physical goods). Choosing the right affiliate program is the key factor. Always study the program in detail before choosing. See what are they offering? Good affiliate programs offer good profit, money-back guarantee, real-time statistics and complete information about their products. You can search the good affiliates by using well known and trusted affiliate networks like Commission Junction and Click Bank.
Support Available To Affiliates If you are an affiliate and want to join an affiliate program, always sees if they are willing to provide you good support because you may face some difficulty during your business and if you cannot get proper support it can waste your time and money.
Something To Remember
As a new affiliate marketer, you will find that it will take a while before you can build your business. So don’t join any affiliate program in a hurry. Do proper research and gather all the possible information about the organization, you are going to join. The most important things to consider are their products offered, their payment schedule, their support and previous record.
You can gather all of this information by using the search engines and searching the official website of the organization. Always start with a single, hot and demanding product to gain good results. Concentrate on this single product, make your website to display the product and capture the email addresses of visitors. Use these email addresses and your website to start a powerful advertisement campaign. Use the techniques to drive maximum traffic to your website. Once you have started earning with a single product, add more products and repeat the process.