Affiliate marketing is one of the most effective ways to make money online.
With affiliate marketing, you make money online without having to create your own product or service. And once your system is in place, you can make money on autopilot when you’re not even working.
All it takes is establishing a connection with a business that has a product or service people are willing to pay for.
Affiliate marketing is a simple process. You create your own website in which you publish content that solves people’s problems. You demonstrate how the products you promote make your readers’ lives better.
The “marketing” part of affiliate marketing is building traffic to your website, usually through SEO and social media. Then, you have to be able to persuade visitors to purchase the products in a way that isn’t pushy or “salesman-y.”
The key to affiliate marketing success is building an audience of loyal readers who truly trust you.
Although there are many opportunities to make money online through affiliate marketing, it takes effort, dedication, and research to see real results.
Affiliate marketing is by no means a get-rich-quick scheme. However, by putting these principles into practice, you can create significant passive income that makes money for you while you sleep.
Choose the Right Niche
This is absolutely huge. You can’t expect to make money online without choosing the right niche.
So what’s the right niche?
First, it’s a niche that you can successfully monetize. Look at what people are buying and selling online.
Of course, nowadays, nearly everything is being sold online. And that opens up the doors of possibility wide for affiliate marketing.
However, there are some niches that are proven money-makers. Some niches to consider are:
- Online courses
- Games and apps
- Electronic devices
Remember, these are just some of the most common monetizable niches. There are many others you can use to make money online.
In determining how monetizable a niche is, have a look at the online availability of those products. How much do they sell for? Could you make a good monthly income selling at reasonable levels or would it take an unrealistic amount of traffic to make a good cut?
Another factor to consider when choosing your niche is your familiarity with and enthusiasm for the topic. Affiliate marketing requires long hours creating content, which is easier to do when you’re actually interested in the subject.
Now, this doesn’t mean interest should be the only factor or even the deciding factor. Your passion may be 19th Century Hungarian Literature, but how monetizable would that be? The economic viability of a niche should be foremost on your mind when trying to make money online.
Your best odds will be if you choose a niche that can be monetized and for which you have passion.
You don’t have to be a complete subject-matter expert to make money online. Good research goes a long way. Many affiliate marketers have been successful in niches they weren’t previously experts in.
Search engine optimization isn’t the only way to drive traffic to your affiliate site, but it’s probably the best way if you want to create long-term passive income.
Pay-per-click is more immediate. But it requires capital and constant investment. And if you don’t know what you’re doing, PPC can drain your wallet dry.
SEO, on the other hand, takes more time to give results. Even when you’ve created a perfectly optimized post, it may take a few weeks to climb to the top of the search engine results pages (SERPs).
However, the payoff is bigger in the long-haul. That’s because once a page on your site reaches the top, it’ll stay there. The specific ranking may fluctuate depending on the competition, but if you’re on the front page of the SERPs you’ll usually stay around there.
So with SEO, your investment is one-time. You invest your time to create the content once and spend a few days promoting it. You don’t spend all the time like with PPC.
In order to make money online with SEO and affiliate marketing, you need to familiarize yourself with the basics and become proficient.
Keyword research is the basis. Use Google Keyword Planner or paid tools of your choosing the identify the terms people are actually searching for.
Learn to place keywords correctly in your content body, title, and header tags, meta description, and image alt tags.
Look into building backlinks through outreach or done-for-you link-building services.
SEO takes time to get right, but it’s a powerful tool for creating an automatic money-making machine.
Leverage an Email List
Email lists go hand-in-hand with SEO when you want to make money online through affiliate marketing.
Getting people on your site with SEO is the first step. But email lists are how you keep them coming back–and sell them your affiliate products.
There are a lot of creative ways to capture emails on your website. Include sign up forms in the right sidebar and above or below your content. Throughout your blog text, include links to your sign-up form.
A highly effective way to capture emails is with the use of a lead magnet. A lead magnet is something you give away for free–an ebook, report, or tool–in exchange for their email address.
Once you have your list, send out emails often. When you have a new post up or want to make an announcement, make sure you’re contacting the people on your list. Doing so is immensely helpful for strengthening your relationship with your audience.
Diversify Your Products
You don’t want to offer products from more than once niche. But it is a good idea several different products from several different companies.
The proverbial not “putting all your eggs in one basket” applies here. If you have issues with one company, you have the others to keep your affiliate system afloat.
Focus on Your Audience’s Needs
For many who use affiliate marketing to make money online, there’s a temptation to focus more on products than on people.
Be aware that just throwing affiliate links and product placements out there is a recipe for failure.
To win people over, you need to craft quality content that makes your readers’ lives better in some way. The trick is to incorporate the affiliate products into that solution.
Keeping real contact with your audience helps you stay on the right track. Engage people on social media.
Twitter is especially good for this. Don’t just tweet your posts. Tweet out to people. Ask them about their interests and the challenges they face.
Writing lazy product reviews gets you nowhere fast. But custom content with your readers in mind works wonders.
You Can Make Money Online
Affiliate marketing is challenging but extremely rewarding. By wisely choosing a monetizable niche, mastering SEO, leveraging email lists, diversifying your products, and focusing on your audience’s needs, you can reap the benefits of a serious passive income stream.