Affiliate marketing can be a rewarding venture if you are keen to learn the ropes. Marketers, bloggers, and digital influencers are making money from it. You have had people telling you that they don’t have a 9 to 5, but they earn more than some top executives. Indeed if you choose to inspect their income reports, you will spot 6 figure earnings every year. How does all this come to be?
There are many different types of affiliate programs, ranging from online courses to website builders to marketing and business affiliates. Here, we’re going to explore a couple of the affiliate programs with some great earning potential to ensure you’re able to make money off the content you provide, but first — what exactly is an affiliate program?
Simply put, an affiliate program is an agreement in which a business pays another business or influencer (“the affiliate”) a commission for sending traffic and/or sales their way This can be achieved through web content, social media, or a product integration, the affiliate gets a unique link (an “affiliate link”) from which clicks can be tracked — typically using cookies You will often come across the terms “cookie length” or “cookie life”, which simply define how long the cookie will be tracking the user’s online activity.
For example, if a cookie has a 30-day life, your referral needs to make a purchase within 30-days of clicking your affiliate link in order for you to get paid — otherwise, the lead will no longer be trackable. A B2B audience can be particularly valuable since they are the same customers who are willing to drop hundreds of dollars for a product or service that will help them make money. How could you not capitalize on that? Next, let’s explore some great affiliate programs that pay the highest commissions!
A high return on little investment
Most affiliate marketers have more disposable income than
standard employees. This surplus money after attending to all financial
obligations is also called residual income. Affiliate marketing also enables
you to earn passive income. Passive income refers to regular earnings from a
venture that requires minimal or zero efforts to run; you could be lying on a
beach as your wealth grows. Read on to find out how this intriguing
money-making venture works.
What is affiliate marketing?
Affiliate marketing is a business model or arrangement in
which a company pays you for the traffic and leads (customers and visitors) you
send to the company’s products. The payment is in the form of commission when
one (or all) of your customers buy the product(s).
There are different players in an affiliate marketing chain, including:
The Product Owner
The Affiliate Network
The Affiliate Marketer
The Product Owner
An entrepreneur or a company that creates the product plays a significant role in the affiliate chain. The products are usually digital but can be physical as well. Everyday
affiliate products include eBooks, articles, reports, and software apps.
The Affiliate Network
The affiliate network links product creators to affiliate marketers. Businesses upload the products to the affiliate network. From here affiliate marketers can choose the
link to start promoting. When starting, most affiliate marketers use affiliate
The networks usually list thousands of different products for marketers to advertise. These networks, therefore, give you the versatility of choice, and ability to multitask should you desire to promote more than one product. Companies with affiliate networks include Amazon, Clickbank, and Commission Junction. Signing up for their affiliate programs in free.
The Affiliate Marketer
The affiliate marketer is the grand master of online product promotion. In this case, you will be involved in recommending the product to your friends and their friends, then get compensated when someone buys the product through your referral (in most cases
a website link of the product on your social media or website).
How Affiliate Marketing Works
Now that you
know the different players in an affiliate let’s dive into how you can make money
As a product creator
It involves coming up with a product idea and seeing it through to creation. The product needs to fulfill a particular need in a niche and solve user problems. You will need to study your market carefully to find out what they (customers) most need.
There are many platforms for entrepreneurs to create products for affiliate marketing. Among them include:
OptimizePress – Allows you to develop websites, website themes, landing pages, sales funnels, and landing pages
Click Funnels – This platform focuses on sales funnels and landing pages
Teachables – This platform is for creating educational materials
After creating your product, the next step is to upload to a network (such as Clickbank) to attract affiliate marketers. You can attract affiliates by creating blog posts
that shout out about your product and the fact that you are looking for affiliate marketers. It won’t take long before your product starts to sell everywhere while you sit back and enjoy the income.
As An Affiliate Marketer
This is where the majority of people fall. Making money as an affiliate marketer is easy as 123. Before you start earning, you will need to sign up with an affiliate program such as Amazon Associates. The registration process is free, and you will be allowed to choose product links to start promoting.
After signing up, you can select a product that you find interesting. The product should be something that your circles on social media or blog will appreciate and want to
try. It should be a product that you have used or are very well versed with. Go to Google Trends to find out if a product you have in mind is popular. Popularity (or many searches) means that it is in high demand.
How To Hit The Jackpot As An Affiliate Marketer!
Create Blog Reviews
A timeless strategy to get people to purchase a product is creating producing reviews. The content has to be engaging, and include a call to action for readers to buy the product via your affiliate link (included in the content). You will also need a hosting account for your domain to create your own blog.
Alternatively, you can also create video reviews and publish them on YouTube. The content should be useful as opposed to being plainly advertorial. Conclude by asking
your viewers to buy the product via your link. YouTube product reviews are
hugely impactful because many prefer watching to reading.
Google has an advertising system that you can use to promote your affiliate link. After creating content for the affiliate product on your blog or website, you will
want many people to view the content and click the link to buy the product. With Google Ads, you bid for keywords that resonate with the content on your site. When a user searches the web using a phrase related to those keywords, your website or blog shows up first on search results. You only pay Google after the user goes ahead to click the link to your site.
Social media advertisement is another reliable strategy to ramp up your affiliate
marketing. Facebook Ads, in particular, is ideal because you can use the audience segmentation tool to decide who should view your advertisement. By getting your message the relevant people, you earn more value per dollar of an Ad. When creating a Facebook Ad, all you have to do is come up with a unique message (lone standing or as an e-flyer) and embed your affiliate link in it.
Solo Ads is fundamentally email marketing. The process of building your email subscribers can take years. With Solo Ads, you pay someone who already owns a big email list to promote your product or service to their contacts. By leveraging Solo Ads platforms such as udimi and trafficforme, the return on investment will more than the time you would have spent creating your list.
Top earners in affiliate marketing do not sit at a desk all day working. They leverage technology tools such as auto-responders. These apps work with email marketing such that you schedule the marketing message (containing your affiliate link) to go to the contact on your list automatically. You can create several messages and schedule each one to go out at a specific time. This tool helps to nurture prospects into real customers.
Landing Page/Sales Funnels
A landing page is very critical. It would be proper if your email, and or social media posts link back to a webpage so that customers can learn more about the product before they buy it. A sales funnel landing page is a single web page that encourages a reader to buy the product that you have introduced to them on social media or via email. Several tools such as Clickfunnels provide this service.
Is affiliate marketing a Ponzi scheme?
No! Nothing can be further from the truth. It takes hard work just like any to other job. However, after growing deep into it and establishing strategies that work, you
will start to ake money as you sleep.’ It’s never too late to join this league of top earners who lead abundant lives with no cares!
“I am an independent ClickFunnels Affiliate, not an employee. I receive referral payments from ClickFunnels. The opinions expressed here are my own and are not official statements of ClickFunnels or its parent company, Etison LLC.”