Affiliate marketing is an ideal solution for those looking to gain control of their own income by focusing on performance-based revenue options. Working in tandem with a seller, a motivated affiliate marketer will be able to achieve a passive income from the comfort of their home without worrying about producing their own product or service. Although the success of the job does depend on the affiliate’s marketing skills, it can prove to be an effective way to meet your income goals as either a primary career or a profitable second job.
Affiliate marketing has grown quickly since its inception. The e-commerce website, viewed as a marketing toy in the early days of the Internet, became an integrated part of the overall business plan and in some cases grew to a bigger business than the existing offline business. According to one report, the total sales amount generated through affiliate networks in 2006 was £2.16 billion in the United Kingdom alone. The estimates were £1.35 billion in sales in 2005. MarketingSherpa's research team estimated that, in 2006, affiliates worldwide earned US$6.5 billion in bounty and commissions from a variety of sources in retail, personal finance, gaming and gambling, travel, telecom, education, publishing, and forms of lead generation other than contextual advertising programs.
The next platform, which has created a great community of affiliate marketers and is a fantastic resource for a versatile and step-by-step affiliate marketing training program is Wealthy Affiliates. Over the years it has become one of the most reputable and highest-rated resources to teach you the ropes of digital marketing and online business for someone who has no or very little experience in the online and blog world.
ClickBank aims to serve as a connection between digital content creators (also known as vendors) and affiliate marketers, who then promote them to consumers. ClickBank's technology aids in payments, tax calculations and a variety of customer service tasks. Through its affiliate network, ClickBank also assists in building visibility and revenue-generating opportunities for time-strapped entrepreneurs.
I have several blogs promoting all different products. The hardest thing I find about affiliate marketing is that once you’ve sold someone something you need to find a new product to sell them. I’ve found that promoting a subscription service where you sign up a customer is a great way to go. This way every time they renew or buy something you get paid. You only have to sell them this once.
The tools for affiliate marketers can improve the potential of their efforts, which is why it is worth considering some of them. You will find that the list of recommended tools is divided into sections which include essentials, research, content, links and tracking, email marketing, social media, paid campaigns, and WordPress tools for affiliates.
"Reading Michelle's income reports each month made me realize the huge potential there is to make more money online. Even as a blogger with an established site over 8 years old, I knew that there was so much that I could learn from Michelle because she's had such incredible success! Watching her income climb each month has really motivated me to change up my affiliate strategy and be more intentional with my efforts." - Jessica Bishop, TheBudgetSavvyBride.com
Most businesses require startup fees as well as a cash flow to finance the products being sold. However, affiliate marketing can be done at a low cost, meaning you can get started quickly and without much hassle. There are no affiliate program fees to worry about and no need to create a product. Beginning this line of work is relatively straightforward.
Great tips! Since I just started blogging in January I am still really just getting my toes wet in affiliates. However, I did notice that pictures and real life demonstrations of the product really help. For instance, I have several food posts where I talk about my favorite cook books and show what I have cooked out of them, and then included amazon links, sure enough I sold a few cook books.
The problem with affiliate marketing, like many other home business options, are the so-called gurus and get-rich-quick programs that suggest affiliate marketing can be done fast and with little effort. Odds are you've read claims of affiliate marketing programs that say you can make hundreds of thousands of dollars a month doing almost nothing ("Three clicks to rich!"). Or, they suggest you can set up your affiliate site, and then forget it, except to check your bank deposits.
Hi, Nice article. I am not sure about the process though. I can understand, finding a niche. But, when it comes to affiliate programs I get a little lost. Would I be promoting someone else's products? If so, no problem. I know I need to research high end products with gravity, are these products ones in certain stores, or companies, etc.?? If so, do I need to get permissions to be on an affiliate program with that company? Also, if it is products with a company, then how do I offer promotions on their products since they are not mine? Thank you, Nanette Vlahusich