In this lesson, I will explain to you how to make money in online affiliate marketing.
There were over 3 billion internet users in the year of 2016.
As technology advances, most people adapt to it. For example, they prefer to walk mostly by car, they prefer to buy tickets for different events online, their newspaper is starting to be replaced by Facebook, Yahoo and other news websites.
When it comes to shopping, most of those internet users prefer to shop online for things that they don't have in their country or things that are too heavy to carry and have them delivered. Or they find it more appealing to have their groceries delivered home rather than facing a traffic jam.
Only a fool will say, "Yeah but there are not that many people who purchase things online". For example, in the year of 2016, the e-commerce sales exceeded over 1.9 Trillion Dollars. Most of them were from websites similar to Amazon.
So if there are so many things bought online, how can we take advantage of it?
How does it work
A seller is usually a person who manufactures a product and wants to have it sold.
Therefore, having a high number of both sellers and customers is vital for Amazon and they offer affiliate programs to anyone in order to attract customers to their website.
Coming back to the discussion, the main thing a vendor wants is to sell its products. However, the main problem that he faces is that he has competition.
So, in order to reach for customers, they offer affiliate commissions for each person who wants to promote their products and earn a commission from 8% (Amazon) to 75%( Other websites)
Also, the e-commerce websites such as Amazon and Ebay can fit in this category.
They want to have as many people who sell online products on their website as they can because they will get a commission from each sale.
You might ask "Why would a website successful as Amazon offer Affiliate Programs?"
Well, it's very simple. The main reason is that it has competition. There are more websites on the internet similar to Amazon.
Amazon has 3 income strategies:
- Obtaining commission from each sale made.
- Obtain money to promote people's products. If you want to sell your product on Amazon, you will soon find that there are many peoples who sell almost the same product as you, but at a lower price. Therefore they introduced the opportunity to help your product to be advertised in the first 5 items searched by a customer.
- Obtain money from adds from ads. This is the typical way that a website with many viewers should take advantage of it. Whenever someone clicks on an ad, Amazon will earn an income of 0.05-0.8 $. Don't underestimate the price. There are plenty of websites that earn over 3,000 $ a month just by having visitors clicking on the ads.
With that being said, we have the following:
This is where the Affiliate steps in.
An affiliate's only purpose is to connect the customers with the vendors.
Most people can be an Affiliate partner.
The key to success is to know your target and how to reach it.
You can do it in two ways:
- Without a website
- With a website/ Facebook page/ Twitter account/ Youtube video
A real example of thinking outside the box is this guy who made 70$ in less than 5 minutes without a website or a social media page.
He was shopping on Amazon for himself, and he saw different promotions. Immediately he decided to take advantage of it and to try to earn money. He also decided to share his story with the wealthy community affiliate and you can see it here.
Certainly, his tactics were good, but you will encounter more success if you will have your own website.
If this is the first page that you accessed from my tutorial and you don't know how to create a website check my post here. Don't worry, it is not hard to create a website and I will show you how to create it in under 30 seconds for free!
It doesn't really matter what you are writing on your website because you could always promote a product.
If you have a website about "computers", you start and create content on it. With time, more and more people will come to your website in order to see the articles you wrote. You can create articles such as: "How to build your own computer" or "what to look for when purchasing a new computer" or "places where to buy a new computer from" etc.
While you are writing this "helpful content" you can easily advertise for a product from an affiliate program. If your website is about computers and you create a post on how to build your own computer, when you write about components you can include one paragraph similar to this:
When it comes to a graphic card there are plenty from which you can choose. However, I strongly recommend you to take a look at the Nvidia GeForce GTX 1070 which is one of the leading graphic cards in the present.
If you use my example, don't rush and put the Amazon link at this moment. You can create a new post dedicated to Nvidia GeForce GTX 1070 where you review it. It is not hard to review a product. You will have to write an introduction, present the major market players and say why you believe that the product X is better than the product Y. As a plus, you can also copy paste a few reviews from Amazon and share them with your visitors. At the end of the page, you can insert your affiliate link for your visitors to be able to purchase the product.
Once your visitor reads your review and decides to acquire that product through your link, you earn a commission, that varies from 8%(Amazon) to 70%(other websites), of the total price of the product.
Note: If you promote a product from Amazon and your visitor joins through your link but decides to buy other products that attract him more, you will still get the commission.
I am not especially promoting Amazon. I only give it as an example due to the fact that is one of the most known e-commerce websites.
Those are the 5 steps to becoming an Affiliate at Amazon:
Step 1) Create an account here -> https://affiliate-program.amazon.com/
Step 2) Wait a few days for them to analyse and approve your application.
Step 3) Once they approve your application, log in into your account, go to the search bar and enter the product which you want to advertise
Step 4) Hover your mouse and click on the small arrow on the orange box at each product and select get Amazon shorten link
Step 5) Copy paste the link wherever you want.
So, if we sum this up it will look like:
- You don't need to have those products and all you need is to review them in order to obtain money. Therefore, no investment is required.
- Since you don't need to possess the actual product, you don't need to storage the product and to deal with the delivery process. Your only concern is to send the customer to the seller.
- It is a great way to earn passive income.
The customer is the most important piece of the trio. He is mostly unpredictable.
He is the most powerful part due to the fact that he's the one who will spend the money.
How many times did it happen to you to go to the store and to see something that was eye-catching? How many times were you trying to figure out if you really need those headphones or that vodka or other products? How many times you got to the cashier and then decided not to buy those products?
In order to be a successful seller, you have to put yourself into your customer's shoes.
So for an example, if you decide to promote a Piano, you have to think of what you will be interested in as a customer. A few questions that you might ask are, "How good is the brand, when was it build, how much does it cost while compared to similar pianos etc.".
Therefore, when you are building your review make sure to write significant information and to always say what you really believe about it. Customers prefer a subjective opinion over an objective one.
So if we put it all that together we will have
Does Online Affiliate Marketing actually work?
In short terms yes.
The only two factors that decide how much money you are going to earn as an affiliate marketer are:
- The total amount of visitors that are visiting your website.
- The quality of your content.
In order to attract more customers, you have to show them something. So you will need to create a high amount of content on your website. For example, an amount of let's say 15 pages with 60-80 posts will be considered as a start up. If you have just a few pages and posts chances are that you will probably not earn anything. Don't get discouraged by the large number of posts. With time, you will start to build content more and more easily. For example, if I struggle and write content, I can write around 20-25 articles in a week. Click here for my tips on how to create Quality Content.
So how much are people usually making with Affiliate Marketing?
Milestones such as $1000 a month are only the beginning in this field. There are many stories or real people that I could share with you that earn way more than $1000 a month. I will upload a few below for you to form an idea of how much you can earn:
Those are only a few people that earn money from Affiliate Marketing. As you can see there is even one person that earns $160k+ per month from it. I can't share the stories of all members of Wealthy Affiliate because that would be insane and it would take me at least six-seven months. However, I posted a few more success stories that aren't necessary related to Affiliate Marketing here.
You can earn a tonne of money and actually the sky is the limit. If you want to learn more about Affiliate Marketing, make sure to check my Wealthy Affiliate review. In short terms, WA is a large community that provides you two websites for free, hosting service and lessons and tutorials about how to build a website and how to monetize your website.
Note: Success never comes right away. Those people invested at least 6 months in order to have this success. Therefore, don't expect to be able to quit your job after the first month. Hard work pays off so don't give up!
Why would you do affiliate marketing?
1) You spend time writing about something you love.
You probably have one hobby which you could spend days and even weeks just speaking about it. By writing articles you also discover more about the things that passionate you and you will also earn a revenue from it.
2) It is free to do it. You don't need to have the physical product or to store it. Your only job is to review a product on your website and insert the link to Amazon or other Affiliate Programs.
3) It will generate you a decent to a full-time PASSIVE INCOME. Of course, it won't happen overnight;
4) By working hard, you can escape from your 9-5 office job;
5) You will have more time to stay with your loved ones;
That's pretty much how to make money in online affiliate marketing. If you still have any other questions left write them below in the comment section :D!