You have just click to find out what is Affiliate Marketing? and how does it work right? Let me easily explain to you below.
Also, in this blog post, It will be covered similar terms like how does affiliate marketing work? how to start affiliate marketing, how do I become an affiliate? Is affiliate marketing easy? Can affiliate marketing make you rich? How much do affiliate links pay?
Stay tuned and you will find all the answers below!
What is Affiliate Marketing?
What is Affiliate Marketing? Affiliate marketing is a method that an affiliate earns a commission for marketing or advertising another person’s or company’s product(s). Most of the time, the affiliates search for products they like and then promote those products to earn a percentage of the profit from each sale.
The sales are tracked by specific affiliate links from the seller’s or company’s website to the affiliate’s website. That’s what Affiliate Marketing is in some words.
How Does Affiliate Marketing Work?
As you become an Affiliate, you’re paid for generating sales. Next up, I explain to you the three ways on how Affiliate marketing works in general.
- Pay–Per–Click (PPC) – The Affiliate Marketer can be paid through clicks. That means each visitor clicks on the ad, the affiliate gets paid no matter if the visitor buys or anything else.
- Pay–Per–Lead (PPL) – Company pays the affiliate when a visitor clicks on the affiliates ad and complete an action by giving his/her personal details like e-mail, name and surname on the company’s website. Some examples are form submissions, Sign up for a free trial, completion of a survey or sign up for newsletters.
- Pay–Per–Sale (PPS) – Pay per Sale is similar to Pay per Lead but instead of getting paid for leads, companies want the affiliate to convert visitors into sales. The benefit of Pay per Sale is that the affiliate marketer can earn up to 15% for each sale they make which mainly depends on the product price.
Is Affiliate Marketing Easy?
An honest answer is that Affiliate Marketing is not easy. The main reason for that, is the high competition and that is quite annoying for most Affiliate Marketers and let me give you an example.
Let’s say there are ten Affiliate Marketers that want to promote the same product for the same business on their websites. They have to show this product to a specific audience that has the same characteristics and behavior. So in the end, they have to target the same audience to promote the product, and that is what makes it hard and competitive for an Affiliate Marketer.
However, many people believe that Affiliate Marketing is not easy but it can make you rich if you put a lot of effort and try your best to achieve some goals. Also, that does not mean Affiliate Marketing is something like “get rich quick” or “make money easy”. I guarantee you that almost no one can make money easily on the internet without putting in hard work and consistency to see some results.
That statement just gave me a great pass because some of you might be thinking of “How do I become an affiliate?” So I am going to break down this inquiry for some tips to help you.
How do I become an Affiliate and How to Start Affiliate Marketing?
Below, you can find 4 steps, about how to start Affiliate Marketing and become an Affiliate Marketer.
1. Find your Niche Market
A Niche Market is a topic you would love to write some content about and stick to it, to attract your audience. A tip to find your Niche Market is to think about the things you love to do the most and you spend most of the time on them. Is your Niche Market a sport, a hobby, fashion, pets or something else?
Below we show to you the top 10 list of Affiliate Marketing Niches in 2021 just to inspire you and get some ideas:
Top 10 List of Affiliate Marketing Niches in 2021:
- Sports & Outdoors
- Health & Beauty
- Home & Garden
- Computer & Electronics
- Education & Training
- Financial & Insurance
- High-End & Luxury Stores
Those are some of the top niches in general for Affiliate Marketing. However, there are many other niches that are also great.
TIP: It is better to find a sub-niche than a general niche. Most times sub-niches work better than a whole niche because you avoid competition. If your niche is fashion, make it more specific, for example, focus on women fashion. If your niche is about Travel, a sub-niche could be “cheap countries to visit” or “things to do in every country”
Some useful questions to find easier your niche is to answer some questions like, which topics are you passionate about? Is there too much competition for that niche? are there any affiliate programs that support this niche? do people want to know more about that niche? Are they excited?
Google Trends is a great way to find out what people are searching to find out what is trending and what people want to learn about the most.
2. Find Affiliate Marketing Programs
There are plenty of Affiliate Marketing programs out there. Just search for them and you will find many of them for sure.
There are also many other programs I didn’t mention. You can Sign up on their websites, and start your Affiliate Marketing career.
What Are Affiliate Programs?
Affiliate programs, are also named as associate programs. These programs are organizations in which an online e-commerce website pays affiliate websites a commission to send them traffic. These affiliate websites post links to the e-commerce site and are paid according to a special deal.
3. Create a Website and Content
Creating a website might sound hard for someone who has never tried to make a website but don’t worry, because there is always a first time for everything in life.
Firstly, you have to buy a domain for your website to get started. Next up, you have to buy a web hosting plan to host your website and design it.
If you would like more information and tips we have an interesting blog post especially for you on how to start an online business/website and how much does it cost to guide you later.
Our website also offers affordable website design services at low-priced costs to help beginners start their website.
4. Advertise your Website
After designing your website and the writing of pieces of content to place affiliate links, then you have to advertise it.
Google Ads are a great way to advertise your website to a specific country or countries, by targeting some keywords that are related to the affiliate products that you want visitors to click on them.
How Much do Affiliate Links Pay?
It depends. There is not a guaranteed amount for affiliate links. Some niches pay more, and some niches pay fewer.
To get you understand more, for example let’s take an E-commerce Niche that collaborates with Amazon Associates Affiliate program.
Amazon offers a 4% to 8.5% commission on sales. However, to have a “good” income is to sell as many goods as you can. Having a big audience and better content, you can earn $1,000 a year with near 20-40 hours of monthly work.
A perfect Affiliate Marketer can earn between $10,000 and $400,000 in a year!
TIP: The numbers above are not guaranteed! Generally to hit that numbers you have to put in a lot of effort, hard work and dedication. Also, you need to have the patience to grow your audience and your business and the most important thing is to never give up when you see no results!
In conclusion, Affiliate Marketing requires hard work and dedication in order to see some results as I said before to start making money. Making money on the internet is not something easy and remember that the first step is always the hardest. Stay focused on your goals and don’t stop until you hit success.