In simple terms, affiliate marketing is when you earn commissions for recommending products/services to readers (or people you know). This is done by joining affiliate programs, where you get unique links (tagged with your personal ID) that tracks whenever your links convert to a sale. If someone out there buys something through your link, it rains money. Or, well, usually a smallll percentage of the sale, but it’s a start!
Really good article with some great tips. Affiliate marketing has the potential to earn lots of money and I'm hoping I can make it happen. I have tried the matched betting and it DEFINITELY works. The one thing I would say is that you need to check that any bets have been accepted by the bookmaker. I have had on occasion bets which look like they have been accepted but don't register in my account. Always go into your account and check outstanding bets or your bet history.
Equally important to the money is the fact that your email list is one of the few elements of your online business that you’ll have 100% control over. Marketing to your own private list of customers, fans, and followers will always be under your control. That’s not necessarily true with traffic generation methods, affiliate offers, social media platforms, and SEO.
You probably visit at least a few sites that are relevant to your business on a regular basis, so why not join the conversation? Commenting doesn’t necessarily provide an immediate boost to referral traffic right away, but making a name for yourself by providing insightful, thought-provoking comments on industry blogs and sites is a great way to get your name out there – which can subsequently result in driving more traffic to your own site. Just remember that, as with guest posting, quality and relevance are key – you should be engaging with other people in your niche, not dropping spam links on unrelated websites.
Take good pictures. Some of the options below don’t require you to actually take the picture and sell the product, but for the ones that do, make sure you take a clear picture that makes your product stand out from the others. If you’re going to be taking a lot of pictures, set up a small “studio-like” area in your home with a backdrop and proper lighting to really make your pictures come across as professional. And of course, you’ll want a good camera too.
This isn’t to scare you off. I simply want you to know that this guide is going to focus solely on ways to make real, sustainable extra income online. Not just a few quick bucks. I want to share all the mistakes I’ve made that got me to where I am now so that you don’t have to go through them, and can build a successful online source of income for yourself.
If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.
The problem that most people face isn't about how they can setup a website or even start a blog; it's about how they can actually drive traffic to that digital destination floating about in the bits and bytes of cyberspace. If you're not a seasoned digital sleuth yourself, you've likely struggled with getting the proverbial word out through a variety of forms of online marketing.
I did a lot of research to find the right one, and so I chose Making Sense of Affiliate Marketing by Michelle Schroeder-Gardner (as I mentioned earlier). I figured it made sense to learn from the best, and with a 30 day satisfaction guarantee, I had nothing to lose. I chat WAY more in-depth about it in my review here, but this course was definitely a gamechanger for me.
First things first, choose a niche. You should choose something which interests you, you don’t mind learning about, or have the ability to pay someone else to write about. Consider the potential costs carefully before delving into something which you know absolutely nothing about. Another important aspect is to be confident that it will be a lucrative niche to work in. There needs to be an abundance of products to promote, and the commission levels need to be significant enough to give you a good profit each time a sale is made.
I have to express thanks to you for rescuing me from this type of instance. Just after researching through the the web and getting proposals which are not productive, I thought my life was gone. Existing devoid of the answers to the difficulties you have fixed as a result of your article here is a critical case, and the kind that would have negatively damaged my career if I had not discovered this.
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, a website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.
Another way to utilize your talent and business skills is to run corporate workshops online. Businesses are always looking for unique ways to help educate their workforce, and if you can package your talents into a day or half-day long session, you can sell that to companies all over the world to make money online. Start by building a portfolio and then reaching out on LinkedIn to influencers at relevant companies to see if they would be interested in you teaching their team.
Thank you for the insight, it did set straight some of the things that seem to be left out in the sales pitches from those selling their affiliate programs. I’ve been looking for a couple of weeks now, and while some of it is starting to sink in, one of the key factors appears to be the creation of an informative blog. It seems there are other ways to operate as an Affiliate Marketer that don’t require a blog or a website, but, it appears that content and traffic to it, are the preferred methods.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and grow my blog to over 400,000 monthly readers and $50,000/mo in side income.
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Excellent post Brian. I think the point about writing content that appeals to influencers in spot on. Could you recommend some good, manual strategies through which I can spot influencers in boring niches *B2B* where influencers are not really talking much online? Is it a good idea to rely on newspaper articles to a feel for what a particular industry is talking about? Would love to hear your thoughts on that.
“For someone new, I send friendly emails, comment on their YouTube channel, DMs on Instagram and LinkedIn. I’m very casual [and friendly] in my speech. In the outreach, I include a link that I created with resources – right off the bat, it shows them resources, templates, reviews, summaries, infographics, screenshots; everything they need to make this as easy as possible.”
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