You’ve probably heard of ClickBank,one of the biggest affiliate marketing networks, which enables companies to promote their products and services through affiliate marketing.
What is affiliate marketing?
Well,it’s a type of marketing that enables a business to earn money by promoting other people’s products and services. The company earns commission if a purchase is made after clicking a link (or performing some other action, such as registering for a free trial) from the merchant’s website.
One of the biggest benefits of using affiliate marketing instead of traditional advertising is that you don’t necessarily need to spend as much money to get started. Affiliate marketing is a type of online marketing that can be practiced simply by keeping an eye on affiliate programs – which are special promotions that businesses and brands run to gain traffic and make purchases. When you sign up for a free trial or register for a product review online, you’ll usually be asked to provide an email address. Most businesses will then send you a welcome email inviting you to review a product or service – which then turns you into a potential affiliate marketer.
Create An Account
Creating an account on a reliable affiliate marketing platform such as ClickBank is a good idea. Not only will it allow you to keep track of your earnings, but you can also access important information about the program such as earning requirements,what type of products and services are promoted, and how much commission you’ll earn for each sale.
The better the site and the more trustworthy the information the better. You don’t want to promote a company that doesn’t pay their affiliates regularly or refuses to disclose important information about their payouts and commission requirements.
Once you’ve created your account, you’ll see a dashboard that looks like this. You can add products and services you’re interested in promoting from the dropdown menu, enter a keyword or two to generate additional ideas, and click the blue button to start promoting a business.
Choose A Product To Promote
The first step in earning money with affiliate marketing is choosing a product or service to promote. You’ll then need to perform a marketing research study to find out what type of product or service your audience wants most. Ask them directly through surveys or by observing their behavior.
If you’re looking for affiliate marketing opportunities, you could start by brainstorming products and services you’re passionate about, then identifying the ones that have the greatest potential to earn you money. When choosing a product to promote, you need to keep in mind a few things.
First,make sure the product or service you’re promoting is something you’re knowledgeable about. If not,find out how much you need to learn before promoting it. Second,make sure the product or service you’re promoting is something your audience wants or needs. If possible, conduct some research to find out what your audience thinks about the product and whether they’re interested in it. You can also ask them directly through survey questions or by observing their behavior.
Set The Sales Goal
The next step in earning money with affiliate marketing is setting a sales goal. Affiliate marketing is a proven way to make extra money online, and since it is such a relatively easy and simple way to do it, there’s a lot of competition. You’ll need to set a sales goal to ensure you meet the minimum compensation requirements for the program you’re in. If you don’t want to promote a cold product, then find products that have a conversion sequence (i.e., the steps a prospective customer must complete before becoming a paying customer).
You can also choose to promote more than one product at a time if you’re an expert in the field. Just be sure you’re not violating any affiliate program rules by doing so.
Keep in mind that the better your sales strategy, the greater the chance of hitting your goal. You can use certain tools to track your progress (we’ll discuss this more in the next section). Setting sales goals can be challenging, especially if you’re trying to hit a specific dollar amount. That being said, if you can accurately predict how much money you’ll make and how much traffic you’ll need to generate to meet your goals, then setting them can be a lot less stressful. Plus, you’ll have a better idea of whether or not your efforts are paying off.
Monitor Your Progress
The best way to assess your success as an affiliate marketer is by closely monitoring your progress. A reliable affiliate management tool like ClickBank provides you with all the information you need, including earnings, to keep track of your progress. You’ll also need to monitor your own website to make sure you’re driving enough traffic to your promoted products.
To successfully promote a product or service, you’ll need to understand how effective specific campaigns are. By studying the data (i.e., the information obtained through various methods, such as clicks, surveys, and so on) and adjusting your strategy as necessary, you’ll be able to increase your conversion rate and hit your goal.
To get started, navigate to the dashboard and select the product you promoted on your previous click through. You’ll then be presented with a chart showing the results of that campaign. The further down the page you scroll, the more information you’ll see, including the number of orders, order values, and the income generated from that particular product.
If you’ve set a sales goal for a product or service you promote, navigate to that product and select the Monitor button (the gear icon next to the search bar). This will then take you to the product’s page where you can see your earnings to date as well as some important information about the product itself.
Build A List
Another way to make money online is to build a list. If you’ve been paying attention to the affiliate marketing world, you’ll know that most successful affiliate marketers develop a list of potential customers and eventually merge that list with an email marketing list. You can do the same, only instead of sending email promotions, you’ll be sending out regular SMS (text message) invitations to join a free trial or make a purchase.
If you follow the steps below, you’ll be able to successfully promote a product or service and generate income quickly. Just remember,you’ll need to follow the rules and guidelines of your chosen affiliate marketing program, as well as learn how to properly manage a blog or website (we’ll discuss this more in the next section).
Blogs & Websites
Blogs and websites are two ways to make money online through affiliate marketing, and quite frankly, they’re pretty similar. A website is simply a platform for your content, and blogs are a type of website that is used specifically for engaging content – that is, content that is designed to encourage readers to share it, comment on it, connect with the person or brand behind it, and so on.
The main difference between a blog and website is that a website requires you to have a physical address while a blog does not. This means you’ll need to either set up shop in a branded space or buy a house with a domain name.
In an effort to simplify things,we’ve put together a brief tutorial on how to easily and effectively promote a product or service on a blog. You’ll learn the exact same steps we follow here at Make Money Blog to ensure that each and every promotion we do earns us money, so you can successfully implement this affiliate marketing strategy.
Step 1: Choose Your Blog Platform
The first step in successful affiliate marketing is to choose your platform. Nowadays, there are plenty of choices when it comes to blogging platforms, and a lot of the time it comes down to personal preference. If you’d like, you can read our quick guide to help you choose the right blogging platform for your needs.
Some popular choices for blogging platforms are WordPress.com, Blogger.com, and Medium.com. Depending on your needs, you can choose one of these platforms to build your website.
Step 2: Register For A Blog With A Domain Name
A domain name is the address of your blog. For example, if you have a blog about fashion, your domain name might be styleblog.com. When someone clicks on that domain name, they’ll be redirected to your blog.
You’ll then need to register for a free blog with a domain name. Most companies that offer blogging platforms also offer domain registration, so you’ll most likely be asked to provide an email address when you register. You’ll then be sent information via email with the details you need to set up your blog.