Do you want to know How to Make Money With Affiliate Marketing? Since the internet came into our lives, we have seen how marketing models have changed and adapted to new ways of selling online.
We have expanded the channels and looked for a thousand ways to reach the public that interests us, but the truth is that it is never enough.
Fortunately, consumers are still demanding and challenging us to find new ways to sell online.
One of the most exciting alternatives in recent years is Affiliate Marketing that you have undoubtedly heard of.
Keep reading if you are interested in learning new strategies to earn money working from home or increasing your business’s sales. We tell you everything you need to know about affiliate marketing.
What Is Affiliates marketing?
Affiliate marketing is a way to get revenue by selling products. It consists of promoting something from an external company, be it a physical product or a service, earning a commission every time you get a sale or action to take place.
To be clear, the process looks something like this: A company offers a product for sale on its website or e-commerce, and you reach an agreement with them to earn a commission each time you generate a sale.
In this way, you dedicate yourself to promoting it on your website, blog, or social networks with a unique link through which you reach the product in question.
When the customer makes a purchase, it is recorded that it came “from you” thanks to the link, and you receive a percentage of the income you have generated.
We could say that it is the evolution of traditional word of mouth but paid in the internet era. The best thing about this business relationship is that everyone involved generally wins:
- Affiliates make their blogs or social networks profitable by selling the products or services of others.
- Manufacturers or sellers increase sales by increasing distribution channels.
- Customers find more information before making a purchase.
Affiliate Networks: Find What To Promote
When you see what affiliate marketing consists of, it seems very easy to start making money, but the reality is that it is not so easy.
First of all, we must consider what we want to sell and how to find those products.
To solve this issue, affiliate networks appear as digital platforms that act as intermediaries between affiliates and companies that want to promote themselves.
So you can log in as an affiliate and see which companies want to advertise their products or vice versa.
Are affiliate networks necessary?
It is a system in which there is an intermediary, and experience tells us that sometimes the fewer people there are in the medium, the better, but this is not the case.
This strategy is based on affiliate platforms or websites that work digital marketing and advertising to increase conversions, which favors sellers.
But they also unify the entire offer by simplifying the search tasks of affiliates who otherwise must contact each company individually.
Fundamental parts of affiliate networks
For this system to work, three components are essential:
- The affiliate platforms or websites that manage the offers and act as mediators between affiliates and advertisers. They offer tools for measuring results and often charge a commission.
- The affiliates who in turn, have other platforms (websites, blogs, social networks, etc.) in which they advertise to advertisers. This work involves a great effort at the marketing level to create a loyal following who trust your services.
- Advertisers are promoting the products they sell or the services they offer.
Types of Affiliate programs: find a way to make money
Although the most widespread or best-known form of affiliate marketing commissions per sale, the truth is that there are many more options when it comes to making money with this system.
Since obviously, it is not possible to work the same when the objective is to generate leads as when we want pure and simple conversion.
Usually, the advertiser himself chooses the option that interests him the most, but we must know all of them to choose which one may engage us the most.
Cost per Sale (CPV)
Most common, every time a sale is generated thanks to an affiliate link, he earns a commission. The links are unique, so they are easily traceable, and the affiliate will do everything possible to get visitors to buy with their link.
Cost per click (CPC)
A commission is established each time someone clicks on the advertisement found on the affiliate’s site. They are usually banners, pop-ups, or advertising, so the affiliate has little to do.
Cost per action (CPA)
In this case, the click is not enough; in addition, a second action such as a registration, a contact, or a purchase is needed to get the remuneration. Again, the role of the affiliate comes into play.
Cost per Thousand Impressions (CPM)
The affiliate is rewarded for every thousand impressions of the ad on their site. It is very common in blogs or websites with a lot of traffic since it does not involve anything on the part of the affiliate, but it is interesting for companies that want to make themselves known.
How to make money with Affiliate Marketing
It is possible to generate income with affiliation, but all that glitters is not gold.
Do you earn money doing nothing? Yes, do you have to sow much earlier to collect income?
Be careful, do not trust all the sites where they say that you will earn a lot of money with affiliates such as Amazon; people like to sell smoke.
Amazon is perfect; it is a well-known and very powerful affiliate network where everyone gets involved as soon as they start to make money with Affiliate Marketing thinking it is the best way to make money.
So it is a suitable method, but there is to do a good job before.
The problem is that many people think that you can create a blog and put affiliate links all over the websites, and that is enough to generate money. But, unfortunately, that does not work like that.
Tips and Tricks for Affiliate Marketing
We know people who cannot sell by affiliation, and the reason is that they do not do things well.
I will give you some tips:
- Do not insert affiliate links not related to the theme of your website.
I could put into my web affiliate program of sneakers, psychology service or car sales or insurance, whatever I want, what is the problem?
That logically, someone who reads a marketing article and finds this is very likely not to click on the link.
- Personal brand power
You have to keep in mind that if you have been with your website for a short time and nobody knows you,
it is useless if you start promoting all kinds of affiliate things on your website since nobody is going to click on the links unless you give confidence
- Build trust
When Adidas advertises, many people click on the ad and go shopping without paying more attention to the design or the text on the web.
You are not Adidas; you have to fill that lack, giving confidence to the reader.
If you want the user on your website to click on the link that goes to Adidas shoes, you will have to talk about them in such a way that you convince the reader that they are very worthwhile.
For this, it is not enough to mention the characteristics of the products; you need to talk about the advantages and disadvantages, make comparisons, screenshots, and even video.
Think that you want them to click on the link, improve web usability and conversion; once the reader clicks on the commercial task Adidas already has, you have to wait for a commission in your account.
How much money do you earn with affiliation?
It depends; the income you can get ranges from 3%, 5%, 7 or 10% (Amazon) to 40 or 50% on other platforms
We are talking about getting a lot of money per sale.
Imagine getting 35% of the sale of a product that costs $400 Now, you have to take into account several factors such as:
- Do not set up a web of pens, for example, for two reasons. First, it is a very cheap product and secondly, whoever wants a pen will probably go shopping next to home.
- Cheap products give less commission.
- Expensive products are more difficult to sell, and the trust you give on the web has to be extremely good to get the sale.
- You have to use as many means as you can so that the user clicks on the link, use texts with good copywriting, use reviews, comparisons, videos, photos of the product.
- Less is more: Do not place links and buttons on all sites; it is better to guide the user in convincing him to the affiliate link button.
- Coupons or discounts are a great way for the user to go to the affiliate button.
- Do not look at the volume of searches a product has and think that making a website about it will generate more sales.
- Get qualified traffic. It is useless if you have many visits, but the traffic is not interested in the product. (Use SEO, take people on social networks to the affiliated article that may be interested in the product or service or use Influencer Marketing )
How to register as an affiliate?
There are several ways to register as an affiliate
- Using Amazon (a Popular and simple option), although with very low commissions
- Looking in the footer of many web pages that offer this system
- Using Affiliate Programs
Signing up for the most popular Amazon affiliate program is easy and simple. Once you join their program, you will be assigned a personal id.
This id will be unique, and you will be able to include all the Amazon products you want on your website, which will generate commissions by being under that id.
Although, as we have talked about in the article, the commissions are low on some topics, the good thing about it is that Amazon gives confidence and has many users.
In addition, if, for example, you sell toasters and they generate 5% per sale, if the person who clicked does not buy a toaster and does buy a mobile phone case, you will still get a commission, which will be lower (1.5%) but something you take away.
Amazon gives you an API to automate processes and includes the products directly on your website (save you work); a website will get three sales.
In any case, for each product you want to promote, it will give you a personalized link with the affiliate link.
In short, Amazon is an excellent way to create an affiliate website that is simple and easy to make profitable. Logically, there is applying SEO to the web and bringing qualified traffic to buy the products from you.
Affiliate system in Web Footer
Ideally, if you plan to create an affiliate web page about a particular product or service, you should research and find suppliers. Many websites include an affiliate section in the footer.
The process is simple, and you sign up automatically. Then, they give you your personalized URL to include on your website or go through a validation process that if the website is professional and fairly well assembled, you will have no problems.
When your account is approved, you can include your payment method, and you will have an income control panel, and you will also be able to see how many people have clicked and how many people have ended up buying.
As you have seen, making money with affiliates is very simple, and you can start doing it almost from the first moment.
My recommendation: Create a powerful, professional website that would generate trust and invite conversion.
To do this, I recommend one of these two ways (otherwise, it will be challenging for you to live off your website with this type of Marketing)
- Create a website step by step
- WordPress course
So far, we have arrived; I hope you dedicate your time to creating your website and start generating your first income with Affiliate Marketing. Be patient; it’s worth it!