Are you interested in taking advantage of the billion dollar affiliate marketing industry? This guide will help you get started.
According to Statista, business spending on affiliate marketing will reach $8.2 billion in the United States by 2022.
Start today and you’ll be in a great position to take advantage of that.
In this guide, you’ll learn how to get started with affiliate marketing in seven steps:
What is affiliate marketing?
Affiliate marketing is when you promote other companies’ products. When someone buys through your affiliate link, you get a commission.
As an affiliate, you are a salesperson for the company. You help make a sale, the company rewards you.
The best thing about affiliate marketing is that you can do it on a large scale. A typical salesperson only sells products from one company. As an affiliate marketer, you can promote products from many different companies and earn commissions from all of them.
How does affiliate marketing work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. The link will usually look like this:
1 affiliate link
When someone clicks on that link, a small file called a cookie is stored on their device.
An affiliate cookie does two things:
It helps the merchant attribute the sale to the right person;
(Usually) has an expiration date, so you get paid even if the buyer delays their purchase.
How much money can I earn as an affiliate marketer?
The simple answer is that there is no limit. It depends on your niche and the amount of work you do.
The most successful affiliate marketers earn six or seven figures a month.
For example, Pat Flynn of Smart Passive Income earned over $100,000 in affiliate commissions in December 2017.
When you join an affiliate program and choose the products you want to sell, the vendors provide you with a unique affiliate code that you can use to drive traffic back to the destination site.
Most affiliate programs offer ready-to-use text links, banners and other forms of creative copy. You copy the code and place it on your website to start sending them traffic.
When interested visitors click on your site’s links, they are redirected to the product owner’s site and if they buy a product or subscribe to a service, because of the referral, you get a commission.
Vendors can track your performance using your affiliate ID and the affiliate software that uses the network. You also have full real-time access to all your sales and commission statistics.
How to get started with affiliate marketing
Choose a platform
Technically, you can do affiliate marketing on any platform. Even Instagram works.3 instagram affiliate link
However, it’s much easier to build an audience and increase your affiliate sales through one of two channels: a blog or a YouTube channel.
Starting a blog today is relatively easy and inexpensive. There are many online tutorials that teach you how to get started. The best part? It will probably only cost you a few dollars a month.
Once your site is up and running, optimize it for search engines so you have a better chance of ranking. From there, you can add affiliate links to your content. (There is an art to doing this, which we will cover later in this guide.)
The other platform is YouTube. Creating and uploading content to YouTube is free, which makes it ideal for many people. Optimize your videos for SEO and include affiliate links in your description.
By becoming an affiliate, you can earn passive income through your website. As your audience grows, so will your profits.
Here’s what you can do to start joining an affiliate program:
Find a company you want to affiliate with or sign up with in their affiliate network.
Get the company’s approval and discuss the partnership if possible.
Display ads and promote the brand on your website. Use the strategy proposed in this article to increase your chances of making more money.