If you’re reading this, I assume that you’re either a.) An entrepreneur or b.) You’re thinking about becoming one. If you choose b., then congratulations! You’re in the right place. If you decide on a., then keep reading.
No matter which option you pick, you’ll eventually need to understand how to make money online. I’m not going to lie. The way Google ads work, everyone’s trying to make money online these days. If you’re not sure how to go about it, this article’s for you.
The Rise In Affiliate Marketing
Let’s take a quick look back in time.
In the old days, if you wanted to make money online, you would have had to be a programmer or a technical expert. If you knew how to code, you could create applications that make money for you or sell your services as a freelancer.
With the advent of affiliate marketing, however, all that changed.
Affiliate marketing is all the rage in 2019, and with good reason. By simply signing up with a reputable affiliate network such as Bluehost, you can start making money online simply by promoting products that are relevant to your niche.
For example, if you’re an attorney, you could promote contract negotiations or legal research tools. If you’re a musician, you could promote guitar tutorials or sheet music.
What’s more is that you don’t necessarily need to have a product to promote. You could instead choose to become a consultant and help businesses improve their bottom line.
Let’s get more specific.
6 Key Facts About Affiliate Marketing
1. It’s one of the most popular ways to make money online. In 2019, some of the highest profiting affiliate programs include: a.) Amazon Affiliate Program – If you’re a seller on Amazon, you can get paid per click and per conversion. b.) eBay Affiliate Program – The same concept as Amazon, but with eBay. c.) Shopify Affiliate Program – If you’re a seller on Shopify, you can get paid per conversion. d.) Digital Point of Sale (DPS) Affiliate Program – If you’re a Shopify seller, you can get paid per conversion or per transaction. e.) Rakuten Affiliate Program – If you’re a Shopbop seller, you can get paid per conversion or per item sold. f.) Shopbop / Target Affiliate Program – The same concept as Rakuten but with Target.
2. It’s one of the most versatile ways to make money online. If you know how to market, you can make money online with affiliate marketing.
You don’t necessarily need to have a marketing background to succeed with affiliate marketing. In fact, many successful affiliate marketers have very little to no marketing background.
What is vital, however, is that you understand affiliate marketing in general and how to choose products that are relevant to your niche.
How To Choose Products To Promote
When choosing products to promote through affiliate marketing, it’s vital to understand three things: a.) The problem that the product solves. b.) The demographics that the product targets. c.) The pricing of the product.
By knowing these three things, you’ll be able to choose products that are both relevant and profitable.
Problem That The Product Solves
You’ll want to choose products that solve a problem. When someone decides to click or buy a product recommended on your site, you’ll know that they’re experiencing a problem that the product is solving. This is important because when a customer searches for a solution, they’re more likely to click on a product that solves their specific problem.
For example, if someone searches for ‘best electric guitar strings for beginners,’ you’ll want to suggest a product that meets their needs. You don’t necessarily need to have a guitar in order to suggest a product that helps musicians.
Demographics That The Product Targets
Just because a product solves a problem doesn’t mean that every person who has that problem will want or need your product. You can choose products that solve specific problems without necessarily catering to a specific audience.
If you decide to promote a fashion product, but you know that a lot of your audience is made up of professional athletes who want to buy expensive shoes, you’re going to want to choose a men’s shoe sale as your product.
This is important because if you don’t target the right audience, you’re not going to make any money off your product recommendation. You need to use demographic research tools to find the right audience for your product.
Pricing Of The Product
If someone is purchasing a product after reading your tutorial, they might not have much money left over. This means that either a.) The price of the product is extremely high or b.) The price is just right.
If you choose b., you’re going to want to choose a product that’s easily affordable. Also, try to choose a product that prices reasonably. It’s not always effective to choose a product that’s on sale because there’s a lot of competition in that space and you might not stand out.
Choosing a profitable product isn’t always easy, but with a little research, you’ll be able to find products that are both relevant and profitable.
In conclusion, let’s take a look at some of the highest profiting affiliate programs in 2019.
Top 6 Affiliate Marketing Programs That Are Earning Numeric Results
1. Amazon Affiliate Program – Now we’re talking about actual dollars. The Amazon Affiliate Program is one of the most popular affiliate marketing programs in 2019. In order to be part of the Amazon Partner Program, you need to have a minimum of $20,000 per month in sales. Just getting started as an Amazon Affiliate can earn you money. You’ll want to choose products that generate sales and have a good reputation.
If your audience is purely recreational, you may want to choose an affiliate program that pays you per click instead of per sale. Not sure which one to choose? Check out this article from TODAY Advertising which will help you choose an Amazon affiliate marketing program that’s right for you.
Here are the top 6 highest paying Amazon affiliate programs in 2019 as determined by TODAY Advertising:
- Beauty
- Health and Fitness
- Food and Drink
- Grooming
- Digital Media and Entertainment
- Entertainment
2. eBay Affiliate Program – You might be thinking that with all the new competition in the marketplace, the days of making money online simply by promoting products are gone. However, the eBay Affiliate Program is still one of the most popular affiliate marketing programs in 2019. You’ll want to join the eBay Partner Program as a marketer if you’re looking to make some serious cash. The minimum sales requirement to become an eBay affiliate is $500 per month. But if your goal is to make money online, the sky is the limit.
You can choose products that are brand new and not yet on sale, or you can choose well-known products that are always in demand.
Most Viewed Products On Shopify
Shopify is a great platform for building and selling websites, online stores, and online portfolios. One of the things that make Shopify so attractive is that you can integrate various payment methods, including cryptocurrency.
If you’re looking to make money online, there’s no doubt that you’ll want to consider Shopify as your platform of choice. Here’s a look at the most viewed products on Shopify in 2019 as determined by Shopify:
- Men’s Shoes
- Women’s Shoes
- Handbags
- Earrings
- Pins And Needles
- Dresses
Keep in mind that just because a product is popular on Shopify, it doesn’t mean that it’s good quality or that it solves a problem. You’ll need to do your own research before committing to promote a product on your site.