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Affiliate marketing great way to earn a commission by selling products or services offered by other companies. This is a great way to increase the convenience of your own home to your income. Luckily, it is straightforward for companies with household names to become an affiliate.
- Becoming an Affiliate
- Marketing Products on Your Website
- Managing Your Business
Becoming an Affiliate
Sell what you know. To start, you should sell products or services you know about. This procedure is called “picking your niche” by online marketers. You should choose a niche that represents your current interests or job.
- For example, if you’re an interior designer, selling comforter sets makes more sense than selling automotive parts. You’ll do a far better job with your individual marketing efforts if you stick to selling what you know.
Start a website relevant to your niche. Many companies will want to know the URL of the website they’ll use to sell their products before becoming an affiliate. They do this to ensure that the website’s content will not harm the company’s reputation.
- Nowadays, thanks to sites like WordPress.com, it’s easy to get started with such a site.
- Make sure to add non-sales content to your website. You want your site to be perceived as an authority in your niche.
Research affiliate programs. Find an affiliate program that offers products or services in your niche and join it.
- Although Amazon sells most of everything, it’s likely that your niche includes Amazon-sold things. If you’d like to get into affiliate marketing, that’s a good place to start.
- Commission Junction is another ideal choice because it allows you to become an affiliate for a multitude of well-known services/brands (for example, (IS) Interserver Webhosting and VPS, GoDaddy.com, Namecheap – JCPenney, Madewell US, and many others).
- Clickbank is yet another common choice for affiliate marketers. This is based on the fact that commissions from companies on that site can be very lucrative.
Join an affiliate program. The most compelling reason for joining an affiliate program, it’s always free of charge.
- In fact, if you’re being asked for a credit card number just to become an affiliate, you may well be a target of a scam. The most reputable affiliate programs allow people to become affiliates free of charge.
- You will, however, be asked for information about your bank account or PayPal account. Keep in mind that this isn’t so the company can take your money; it’s so you can get paid the commission you earned from successful sales.
- Your website’s URL will be asked, in some cases. Just provide the URL of the website you created above-mentioned.
Marketing Products on Your Website
Add affiliate links to your content. Adding affiliate links within your content is a great way to earn a commission without appearing to sell anything. When they click on the link, they’ll be taken to the company’s site, where you’ll earn a commission if they buy.
- For example, if you’re writing about décor that includes purple comforters, make the phrase “purple comforters” a link to Amazon’s site that displays only comforters in purple. Your readers can browse through Amazon’s offerings and possibly buy anything they like.
- The good news is that companies make it very easy to get links to your site. The way that you get those links varies per company, but it’s usually easy to find a link to the product or products that you are looking for.
Include visual ads in your sidebar. You likely have a sidebar on your website, like most websites. That’s a great place for visual advertisements for your niche-related products.
- Once again, it is easy for companies with affiliate programs to obtain the images and links you need to attract your visitors back to their sites. Copying and pasting code into your sidebar is almost always just as easy.
Continue producing content relevant to your niche. You want visitors to back to your site, don’t you? If so, you must continue to produce original content that is valuable to your visitors. This is what internet marketers call “content marketing”.
- Visitors are more likely to return if the material is good. That means they might eventually click on one of your affiliate links and make a purchase.
- As mentioned above, you can also use your content to include affiliate links. You’ll have more affiliate links as you create more content. And you’ll soon start selling when the law of averages kicks in.
Use analytics to measure your success. You can think of analytics as information about what you’re selling, how you sold it, and to whom you sold it. Fortunately, most affiliate marketing sites offer helpful analytics to help you learn how it really works for you.
- If you notice that one type of product sells really well on your site, produce content that ensures you market it even more.
- To learn the demography of your visitors, use Google Analytics. Tailor your content marketing efforts for people inside this demographic.
- Pay very close attention to the posts that get the most visitors. If you notice that some of your posts are getting a lot more traffic than others, consider adding additional affiliate links to them.
- Try to focus on what works, eliminate what doesn’t. Your company’s analytics will tell you which types of ads are working and which are not. Use more of the ads that are working and less of ones that aren’t.
Managing Your Business
Prepare for taxes. You can be sure that if you make money via affiliate marketing, you’ll have to pay taxes on that income. Your partner companies should send you a 1099 tax form at the beginning of each year. If they don’t, you’re still required to report the income to the IRS.
- If you run your affiliate marketing business as a Sole Proprietorship or a Limited Liability Company (LLC), you’ll report 1099 income on Schedule C – Profit or Loss from Business.
- If you run your business as an S or C corporation, you will report your income on Schedule K-1.
Expand your business. There are likely two things that your business is doing: expand or contract. That is why you should always strive for growth if your business shrinks and your returns diminish.
- Explore new products that you think you can market online. Look at a variety of affiliate sites. Find new businesses that recently received affiliates and partner with them if they offer something you think you can market well.
- Promoting your business online constantly. To promote your business, use social media, emails, and other channels so that people keep coming and find great deals on the products and services that you’re marketing.
Delegate routine tasks. If your business takes off, it’s time to focus on how to grow it while delegating routine tasks to others. You’ll have a little bit of work cost, but it is worth your investment if it allows you to introduce better methods to promote and expand your affiliate marketing company.
Automate what you can. There are several digital marketing tools to choose between. Again, some of these will require an investment, but if it allows you to pay more attention to building your business, the return on investment should be positive.
- Focus on creating a long-term business strategy while your tools and employees handle day-to-day tasks. You’ll be able to handle “big picture” responsibilities while still ensuring that your business grows.
Tips: To become successful in your business, you can even take some courses and learn affiliate marketing from well-sourced.