What is Affiliate Marketing and how can you earn money out of it with your blog?
Affiliate Marketing is simply explained with the following scenario.
Your friend A made a product worth $10 and he wanted to sell it to everyone. To earn more money, he asked for your help, that if you could make a sale out of his product, you’ll get a commission of $4. And because you also need money, you grabbed his offer. You sold friend A’s product not just with friend B or friend C, you sold it up to friend Z (I’ll let you do the Math for the total commission). As a result, friend A made a lot of money out of your effort. On the other hand you earned commissions out of friend A’s product. It was just like a give and take relationship. And both of you lived happily ever after.
If you’re asking if you really can do it in real life, well, the answer is a big YES! So, do you want to learn how to do it? Do you want to increase your sales so that you will have a stable income? If you do, then read on. Below are the tips on how to be successful and earn money with your blog as an affiliate.
Tip #1: Create a Good Blog
Why create a good blog? This is where you’re going to sell the products of other people. How will you create your own blog? It’s easy. Just go to blogger.com or wordpress.com to create one. But if you wanted to have your own domain name and you want your blog to look professional, go to Hostgator and they will setup a great blog for you. However, be careful on picking your blog’s name and URL. To get better ranking in Google, it would be better if your blog’s name and URL will be related to the niche that you have picked.
For example, the niche you’ve picked for your blog is all about making money, you may have My Money Maker as your blog’s name and mymoneymaker.com as you blog’s URL. Now to make your blog a good one, you need to have good content on it regarding your niche. You need to create good articles for your readers so that they will not just visit your blog once. They should become your regular readers. Why? Regular readers can bring your blog a lot of visitors and more potential regular readers. What does this mean? This means that your blog has a greater chance of earning from the affiliate products you are promoting.
Tip #2: Look for Great Affiliate Products
There are many products out there created by different people or companies from all over the world. You just need to look for them in the world wide web. The question is, which one will you choose? In choosing the right product, you need to consider the following.
First, you need to look at the stability and reliability of the person or company who created that product. You must be sure that they are going to pay your commission for each of your successful sale or signup.
Second, you might want to consider also the usability of the product. Ask yourself this questions: Is this product important to anyone? Will people buy this kind of product? If the answer is ‘yes’, then you’ve found a well of treasure. However, if the answer is ‘no’, go and find another product that can answer those questions.
The third on goes like this: Can you sell this product? Say for instance you already found a stable company with a great product that is needed by many people, but you know nothing about that product, will you still continue to sell it? The answer will be: “It depends…” If that product can give you a lot of return, sell it!
However, before doing so, you better study and research on it first. Before you make any article about it, be sure to have the ample knowledge on it so that you will be able to explain it well in your paragraphs and at the same time you will be confident to share your post to anyone. It could also be better if you yourself have experienced the product or the program you are selling so that you can create quality reviews about it.
On the other hand, if you really can’t sell the product because you don’t know anything about it or you can’t imagine yourself selling one, then you better look for another product which is sellable for you and can bring you good results.
By the way, here’s my top 3 Affiliate Networks where you can signup for free but can give you great profits in the future:
- Localbitcoins – At Localbitcoins, people from different countries can exchange their local currency to bitcoins. This site allows users post ads on how they would buy or sell bitcoins, the exchange rate, and the payment method. For example you got a user registered under your name. Then the user made a trade of 100 BTC. You will earn 20% commission on the Localbitcoins.com trading fees. That’s how you will earn as an affiliate. Affiliate Signup Link: Click Here
- Bitbond – Bitbond is a site where anyone from any part of the world can borrow or invest bitcoins. It’s new global affiliate program pays 20% of the origination fee as commission for every borrower you refer, and 30% for every lender. Due to the high value of the origination fee, affiliates stand to make serious money with this lucrative bitcoin affiliate program. Affiliate Signup Link: Click Here
- Propeller Ads – Considered as one of the best Ads Network today, Propeller Ads can also be one of the sites you can promote as an affiliate. When someone signs up as a Propeller Ads publisher and does so using your link, you will earn a 5% commission on all of his future revenue. This is a lifetime commission, which means you can keep growing a revenue by simply referring people to its network. Affiliate Signup Link: Click Here
For a comprehensive list of the many affiliate networks available today, you can go to this website – www.highpayingaffiliateprograms.com
Tip #3: Understand Your Audience
You need to understand what your audience wants. What types of products are they looking for? What are the price trends at their location? By understanding the needs of your target audience, you will be able to know what products to sell. This information will also help you determine which affiliate is the right one for the job.
Tip #4: Create a Good Product/Program Review
You have identified already the product/program you are going to promote. But before moving forward, it is better that you experience yourself how this product/program works. If you can’t, try making a research on it, especially its pros and cons.
Once you are knowledgeable enough about that product/program, you are now ready to make an article or a review about it. See to it that all the necessary information are found in your article. Make it creative by adding some images. And most importantly, put persuasion on it so that your readers could eventually turn into customers.
Tip #5: Place Links Carefully
You need to make sure that you will place links to your site properly. The links that you use must be relevant to the type of products that you have in your business website/blog. For example, if your business focuses on men’s attire, you won’t place links attached to a keyword “women fashion wear”, will you? If you want the customers to click the links you have provided, you must ensure that they are related to the type of business that you have.
Tip #6: Promote your Blog
There are many ways how you can promote your blog. One of which is going back to basic. By word of mouth, you can tell as many people as you want to visit your blog. However, doing so would require you a lot of effort. You can also post and advertise your blog manually to anywhere using a printed material. But similar with the word of mouth, it can make you exhausted for sure.
So it’s better if you do what is trending. Promote your blog to the internet using social networking sites like Facebook and Twitter. Many people nowadays prefer reading online rather than reading with a printed material. You can also use e-mail marketing and send your blog to as many people you want, providing that you got their e-mail address. All of these can be done without you paying anything.
However, if you want a better result, you can also try paid advertising. Facebook, Google and so many ads network can cater this. This is the process of paying an amount in exchange for the traffic or views you can get to your blog. Yes, this can give you positive outcomes because most of the traffic is targeted, but of course consider the money you need to invest in doing such strategy.
Tip #7: Examine the Statistics
It is also important that you study the statistics of your business. You must have a clean record of the leads that your affiliate marketers generate, as well as their conversion rate. In this way, you will be able to know which one is doing good and which one is not. Statistics will also help you determine which products are sell-able to your target audience. With the information that you will get from your statistical records, you will be able to make sound decisions in your business.
By following the 7 tips mentioned above, you will be able to earn with your blog, achieve success in affiliate marketing and increase the profitability of your business.