Once you start looking for a way of making money on the internet, you will soon hear a lot about affiliate marketing resources and ask yourself how to make money from Affiliate Marketing as a beginner- but be careful because you’ll see dozens of those promising you to follow them and gain 10k$ a day, but after a few months you will see that you are still in the same place.
When looking for resources, you need to make sure that the resources you are looking at are really suitable for you, and we promise that this guide( the 2 parts) will help you a lot.
Introduction to Make Money from Affiliate Marketing as a beginner
Before you start to make money from Affiliate Marketing, ask yourself these questions:
- Do I have any experience in affiliate marketing?
- Have I made money consistently as an affiliate marketer before?
- Do I have a list of people who have bought products through me?
- What accounts in an affiliate marketing network do I have?
- Do I have the needed tools?
If you answered ‘No’ to most of the questions above, then you need to take this guide seriously as an affiliate resource that will get you up to speed on affiliate marketing quickly.
If you answered ‘No’ to question 4, then you need to hop over to check the best affiliate networks in the industry like Clickbank and set up an account as an affiliate. This will enable you to market thousands of products in many different niches.
That is good, but actually, you want to start marketing one of two products – if you try to market too many you will fail. Even so, Clickbank is an excellent marketing resource, and it is free. It also ranks all products available on its network so you can see which are selling well, and which are not.
The most important resource is yourself, and your business. What I mean here is that the resources should match where you are and what you know today. Leave the advanced resources until you are ready for them. Otherwise, you can end up spending a lot of money and getting confused about the whole business.
Before you go out and buy anything, decide what your realistic goals are with affiliate marketing. You want to decide how you are going to market, where you are going to market, and what you are going to market. Then, set goals that are attainable. ‘I will make $20,000 a month in three months is not realistic. ‘My goal is to make $1,000 in three months is.
How Does Affiliate Marketing Programs Work?
To start affiliate marketing, you sign up for an affiliate marketing program or an affiliate marketing network having a lot of programs. Then, you get a unique ID as well as a trackable URL. You use this URL in your website, content, banners, landing page, etc… to promote the product(s) or service(s). Whenever someone clicks on this trackable URL, a cookie is added to his browser. This cookie shows that he comes from your URL. Notice that your trackable URL has a certain id, referral code or another kind of identifier.
These identifiers show the referral source of the customer, and they are important to confirm and credit the affiliate partners.
Additionally, these URLs look longer than the normal link of the merchant’s website.
Commission models for affiliate offers
In general, you get a commission for doing a certain action; however, not all affiliate programs operate with the needed action the same way. There are many common commission models for affiliate offers including:
(PPC) Pay Per Click : In this model, the affiliate marketers get commissions when a user clicks on their affiliate links.
(PPS) Pay Per Sale : In this model, the affiliate marketers get a certain commission when a user makes a sale from their affiliate links.
(PPL) Pay Per Lead : In this model, the affiliate marketers get commissions when a user enters on their affiliate links and provides his information to become a qualified lead. The needed information varies according to the offers.
Is affiliate marketing legal?
Yes, affiliate marketing is legal. Actually, it is a common online practice to get extra money online. In this case, content creators promote products of major companies and everyone wins.
However, it doesn’t work randomly, as certain guidelines tell you what you can do with affiliate links, and what is forbidden. First of all, your website must include disclaimers that tell your visitors that your content has affiliate links and you earn a certain commission when they buy through them.
The disclaimers must be:
- Written clearly using a readable font size.
- Located in a noticeable place where all visitors can see it and read it.
- Easy to understand without any fraud or confusing legal jargon
- Free of distraction and straight to the point.
As long as you are honest with your audience about the affiliate links presence on your website and share information about their source and importance, you can be comfortable with your affiliate business. Get traffic and build your audience without any worries.
What are the benefits of affiliate marketing?
The benefits of affiliate marketing as a real online business are countless. This include:
A great monetizable method
Actually, it is one of the best ways to make money online by monetizing your website, YouTube channel or social media account.
Works with every business
This is an amazing source of income, and it works with almost every online business. I saw bloggers, Youtubers, influencers and media buyers making money online from affiliate marketing.
Easy to get started without skills
It is a very easy way to start making money online without having any technical skills. Just join the affiliate program or network and start promoting their products.
It doesn’t require daily work. Just create big content and include all your affiliate links with it and send it to your audience or publish it on your website. Then, you will earn money online as long as people are using your affiliate links.
No need for a huge audience
Who said you need a large audience? You need a group of interested people to start promoting your affiliate marketing to them.
No budget needed
The best thing about affiliate marketing is that it doesn’t need any budget. You can create your content on any free platform like blogger, Google sites, Medium, etc… and put your affiliate links.
Additionally, if you have 10$ only, you can buy a host and a domain to build a WordPress. This will be even better for creating SEO content.
How Much Can You Earn?
This is the easiest and the hardest question ever. You can earn from affiliate marketing as much as you spend effort on promoting the offers.
Actually, with such a growing industry, the expectations are massive. Statistics showed that spending on affiliate marketing had reached 1.6 billion dollars in 2010, then it increased to 5.4 billion dollars in 2017. However, it will go over 8.2 billion dollars by 2022. Another study showed that more than 20% of content creators get 60% of their revenue from affiliate marketing while 70% of them get 25% of their revenue from it. So, you have to make sure that you become a part of this before it is too late.
How to Make Money from Affiliate Marketing as a business
Well, once you start operating as an affiliate you need to treat your affiliate marketing as a business.
A business is based on some rules which you need to follow to achieve your goals example:
1- The hours you’ll work.
You will have to work for at least 3 hours a day.
2- The tools you’ll use.
You need a computer and a good internet connection.
3- The plans you’ll follow.
You should have something in mind to start with like focusing on affiliate marketing and its strategies.
4- The resources you need.
We all need guides and methods like affiliate marketing directories, affiliate marketing networks, advertising networks, training resources, etc. so you need to keep a record for these stuff.
5- Your budget
Before deciding whether you’ll promote your links on your own website or a public one, or you’ll use social media… you need to know how much money do you have, then start setting your plan.
6- Your methods
Your methods need to be based on popular marketing techniques then you continue developing them by finding a system that works and gets you started making money, and then you turn into your unique system.
Affiliate marketing is still the future of many people who are willing to work hard and build their online business from scratch to thousands of dollars. You can be one of them too.
On the way, though, you need to develop a very critical approach to assessing any affiliate marketing resource, so that you do not get carried away by marketing hype and waste a lot of money.
This is really a case of seeing through the hype to what is actually on offer. Now, do you feel you’re to start? Let’s go live and start working on How to Make Money from Affiliate Marketing as a beginner (Part Two).