As far as making money online goes, affiliate marketing from home is one of the easiest to get started in and thanks to its virtually inexhaustible potential for making a good amount of money puts it at the top of my recommended products.
There are many people who are very successful in this field and also many people who don’t become successful, for whatever reasons. But, thats the way it is with life, not everyone finishes the projects they start.
There are several reasons as to why not everyone is successful in this field, we’ll look into that later on in this post. But first, what is affiliate marketing all about? Why should you read this article with an open mind and how can you get started to be on the right track to your success?
The one thing that makes most people quit even before making any significant headway is that affiliate marketing isn’t an easy route to wealth, I will state quite clearly, in the beginning, this is not for everyone.
If you are looking for a get rich quick scheme please stop reading this now, however, if you want some ideas on a genuine business that can create wealth over several years and last the rest of your life, then keep reading.
Let’s dive into this mystery and uncover some interesting facts about affiliate marketing that could hold the key to a long-lasting passive income for you.
The definition of this term can be both simple, and sort of complex, depending on how you look at it. To put it in layman’s terms, affiliate marketing is all about promoting an offer online and getting an affiliate commission for each and every sale.
When you look at AM in more detail, there are four sides to it. Let’s break them down for a better understanding of the concept.
How does affiliate marketing work – 4 Important People
A merchant is a company or person who trades in commodities usually produced by other people or companies. A merchant is anyone who is involved in the business of supplying products to a consumer.
Hundreds of thousands of merchants all across the globe supply millions of products online daily. If you have ever bought anything online and had it delivered to your door you have more than likely been involved in affiliate marketing.
These merchants are also known as the sellers, the brand, the creators, retailers, or even vendors. They are the ones who trade in the products that you as an affiliate marketer will be promoting, selling, and receiving a commission.
Now, this is you, and just as is the case with the merchants, the affiliates, also known as the publishers, ranging from individuals to large-scale companies focused on promoting other peoples products online.
A lot of successful affiliates have their own website or blog, others prefer more social dealing with people, this can also be achieved with social media like Facebook, Shopify, Pinterest, and so on.
For this article, we will be looking at Affiliate Marketing using the latest and most up-to-date training and support in building an online business. This platform is called Wealthy Affiliate and I personally have been with this company for nearly 3 years now.
While the merchants are on one end of the spectrum, the consumers are on the other, and the affiliates in between. The consumers make the whole system run since, without them, there won’t be any sales, and as such, no cycle.
The affiliates’ work is to promote services and products to the consumers, so they can make the purchase, the merchants make a profit, and the publisher gets his/her commission at the end of the day.
Over 3.5 billion transactions are completed daily online so the potential to make a successful online business for yourself is real and quite large. This will continue to expand over the next decade and beyond.
Although some people don’t use networks, as far as the cycle of affiliate marketing goes, it’s an essential part of the whole operation. The network comes in as an intermediary between the affiliates and the merchants.
If you want to add that silver lining of credibility and convenience to your affiliate marketing business and make it more professional, then joining one or more reputable networks to take care of the financial aspects associated with selling is a great decision.
A network provides us the links that we use to place on every product that we promote. Each tiime our link is accessed by a consumer the network records this transaction and pays us our commission.
Step 1: A customer wants to purchase a product so goes on a search via a website or social media channels until he finds the product he wants.
Step 2: Depending on the niche and the product the customer comes across the product being promoted by you on your website or social channels.
Step 3: The customer buys the products from the merchant via your website and the merchant handles all inventory packaging and delivery.
Step 4: You Make money, specifically you get a commission paid to you monthly via the particular network you are working with, once again depending on your product or the niche you are promoting.
Commission rates vary from 1% up to 75% with different networks This is a very clean cut system that works well for a lot of people who are making millions of dollars daily. Would you like a slice of the pie?
How to get started
The one thing that makes affiliate marketing a great choice for most is that getting started is not all that complicated, in fact, it is very simple. Wealthy Affiliate is the best starting point.
Look for products that match your selected niche. It’s unwise to pick any random program just because the profit potential is significant, focus more on quality and reputation instead.
And more importantly, look into how well the customer care and affiliate care is when choosing.
Settle down to the type of promotion you want to use. This could be either a blog or website as we’ve mentioned above.
Some affiliate marketers also use squeeze pages, build an email list, and promote products to their subscribers. Others use such avenues as social media or a combination of several of these options.
Market your business to reach as many people as you potentially can. At this stage, anything from social media platform shares to YouTube videos or paid ads come to the rescue.
And most importantly, remember to stay on the safe side of the law by adhering to the business licensing and business laws in your locality as well as online depending on what applies in your case.
Step 1: Choose an Interest
Zero in on the niche that you want to cover, a passion or an interest of yours can be the basis of a website, this will help you narrow down to specific products that you can promote. You may like to promote pet products, health, finance, education, the list is endless.
Step 2: Build A Website
When creating a website, your niche will be your passion for or interest in a particular product or service, this makes it easy to be a part of the development of your business.
For those who already have a website, then that should be the niche to focus on. However, if you don’t have one, starting a website is a snap these days, with the correct training and support you can have one up and running in next to no time.
Step 3: Attract Visitors
Affiliate marketing is best when you look at it and take it as a way of helping your audience find solutions to their problems.
Showing them where they can get the product or service they want and guiding them on the pros and cons of that product is the goal, the sales will then just flow in.
Step 4: Earn Revenue
Now that everything has been taken care of and your affiliate marketing efforts are underway, the next thing you’ll be wondering about is how you can make money out of it.
Well, you will need to do several things to give you the edge and enable you to scale up in Google rankings and expose yourself to more traffic, and thus make more money.
Content Is King – Google Loves The King
Content, content, and more content
The content is what sells your offers to your audience, so you have to get it right from the very start. Take note, however, that this isn’t just about publishing random content on your site.
Google is always looking for the most up to date and informative information to give to their readers so it our job to feed our site good quality content.
Do proper keyword research, and write quality content that converts your site’s visitors into potential buyers, and later into return customers.
The people coming into your website have one problem or another, and they are looking for solutions, so don’t just plague them with affiliate links spewed all over the website.
Deliver quality information, solve their problem(s), and scout for the best products for your traffic that you can offer them the value for their hard-earned money.
Bring In Your Affiliate Links
Consumers Clicking You Links Equale Income
With the website filling up with good, quality, and up to date content, now you can start chipping in your affiliate links. At this stage, you will have established trust and reputation with your audience, which makes it easy to turn them into buyers.
Again, you should not just throw in affiliate links and keywords in the content; you will be taught how to position them strategically so they can blend nicely with the content.
This makes the content look more professional and as intended to solve the readers’ problem without sounding too pushy.
Early positioning of the links also helps enhance the chances of making a sale. While most people might not take the time to read an entire 5,000-word article, they could read a quarter, if not half of it.
With your affiliate links high up in the article, you increase the chances of a click-through significantly and therefore your conversions will be higher. Conversions equal income
Make the most of the site’s free space
There are a multitude of ways to make money online with a website. It’s usually difficult to fill your site to the brim. And with the right organization, you could make some money out of the white spaces on your site for advertisements.
These floating bars and inline banners or widgets are just another way of using your site wisely. Advertisers will pay you to allow them to put ads into your content, Im sure you would have seen this in action.
- You don’t have to create the products or provide the services yourself
- The start-up cost is free
- Ongoing costs are extremely low
- Merchants will cater to the service or the product, inventory as well as after-sales service
- Joining most affiliate programs is easy, just apply and you could be all setup within a day
- You don’t have to hassle with the shipping, returns, or replacements.
- You don’t need any strict qualifications or special licensing to start
- It’s quite hands-off once you get everything set up, it’s more of a passive income
- It takes time and effort to make money in affiliate marketing; it’s not going to happen overnight, which is more a reality than a con. Remember there is no silver bullet.
Just like any other business, affiliate marketing from home comes with its share of challenges. It will take time to realize the profits in this business, but once the cash starts flowing, you will realize it’s worth the efforts.
If you are interested in the possibility of starting a business from home and potentially turning over a handsome profit then let me guide you with an introduction to one of the very best Affiliate Marketing platforms available anywhere today.
The training support and mentorship and a wonderful community is the reason that Wealthy Affiliate has hundreds of thousands of members worldwide, many of who are making six-figure incomes year after year and many more on full-time incomes.
If you have any more questions about How to start affiliate marketing from home, I’d love to hear them and I’ll be more than happy to answer them in the comments section below.