Affiliate marketing can be a lucrative business. You choose a product that you enjoy, promote it to other people, and then earn a commission when they buy the product.
While it is a simple concept, making money from affiliate marketing is not always easy.
To make money with an affiliate marketing website, you need to build a website, create content, and get people to visit your site. This requires a lot more work than you may imagine.
However, if you are dedicated and self-motivated, you have almost unlimited earning potential.
For those interested in making money online through affiliate marketing, there are several details that you need to understand. You need to know how affiliate marketing works, where the money comes from, and what types of products you need to promote.
Your Earning Potential Depends on the Effort You Put In
There are affiliate marketers who make nothing, while others can earn several thousand per day. The amount that you earn depends on a wide variety of details, including the amount of work that you put into the process.
Some of the tasks that you will need to complete include:
- Building a website
- Conducting keyword research
- Choosing a niche product category
- Selecting affiliate programs
That is just the start of your list of responsibilities when you are creating and maintaining an affiliate marketing website.
Out of these tasks, selecting affiliate programs and choosing a niche category are two of the biggest success factors.
Some affiliate programs pay up to 50% commission, which means that you earn half of the sale. However, affiliate programs with high commissions are not always the best option. In fact, you should be cautious of programs with exceptionally high commissions, as the company may be struggling to attract customers.
Amazon has no problem attracting customers, and they offer up to 15% commission. However, most items will earn you 3% or 4% commission.
If someone follows one of your links and buys a $20 item, you may earn $0.60 to $0.80. While that may not seem like a lot, the small commissions can add up.
If 2,000 people purchased $20 items after clicking your links, you could earn $1200 to $1600. However, to get 2,000 people to follow links on your site, you may need to get 10,000 or more visitors to your website.
Understanding the Revenue Streams for Affiliate Marketing
With affiliate marketing, your primary revenue stream is affiliate links. A typical affiliate marketing website includes blog articles that discuss or review products or services.
The goal is to let viewers know more about a product or services and encourage them to follow the link to make a purchase. You receive a commission from these transactions.
However, the amount that you earn depends on the affiliate programs that you join. While there are many different options, Amazon Affiliates is the most used. It allows you to include links to any product found on the Amazon website.
No matter what niche category your website is dedicated to, you can find products, as Amazon sells just about everything.
There are also many other options besides Amazon. There are also various types of affiliate programs that pay commissions based on different criteria, such as:
- Direct link transactions
- Sitewide commissions
- Subscription services
- Affiliate referrals
Direct link transactions are the most common type of affiliate transactions. With these affiliate programs, you get paid when a visitor clicks on a link and completes a transaction.
Some affiliate programs pay a commission when the linked product or service is purchased, while others offer sitewide commissions. If the visitor buys any items on the destination site, you get a commission.
There are also affiliate programs for subscription services. With these programs, you typically get a recurring commission. The recurring commission lasts until the subscriber cancels.
Affiliate referrals are programs that pay a commission when you refer another affiliate. For example, you get another person to sign up to the same affiliate program that you joined.
You may also consider pay-per-lead affiliate programs. These programs pay you based on the number of sales leads that you acquire for their business.
Amazon belongs to the category that offers sitewide commissions. Their affiliate program also offers reasonable commissions. You can earn up to 15% on transactions from visitors who follow your affiliate links to Amazon.
Amazon also offers higher conversion rates compared to many other affiliate programs. People who click on your links are more likely to complete a transaction when the link takes them to Amazon, as it is a trusted site that most people already shop on.
Choosing a Niche Category for Your Affiliate Marketing Website
The types of products or services that you want to promote affect your earning potential in various ways. Many marketers choose to focus on a category that they already know a lot about.
For example, if you love clothes, you may enjoy creating an affiliate marketing blog about clothing and fashion. You can provide honest information and advice to help make your content more relatable to your audience.
If you like fishing, you can review the latest fishing gear. You can talk about fishing techniques and direct people to Amazon to purchase the best rods, reels, and tackle.
However, you may also want to consider choosing a category that you know will be profitable. If you choose a category with a lot of competition, you may struggle to attract visitors to your website.
Of course, you may also struggle to get more visitors if you choose a category with a very small market base.
Determining the size of the market and the level of competition requires keyword research. You need to find out how many people search for a specific keyword each month and the amount of competition.
For example, over 200,000 people may search for “women’s winter clothing” each month. However, that keyword phrase may also have stiff competition.
The ideal search volume for a niche category is 30,000 to 70,000 searches per month. You also want low or medium competition.
You should also remember that you may create more than one website. You do not need to choose one niche category. You could build multiple websites devoted to multiple categories. However, each site that you add increases the amount of work that you need to complete.
How Long Does It Take to Start Earning Money?
You will not start making money overnight. In fact, it may take months before you can attract enough visitors to your website to get someone to follow an affiliate link.
Making money with affiliate marketing requires you to drive web traffic to your content, which requires the following:
- Content creation
- Search engine optimization
- Online marketing
Content creation is often a challenging task. Affiliate marketers typically promote a product by creating a blog post or review article. The article includes a link that visitors can click on to purchase the product, which will earn you a commission.
The content that you create is also how you attract visitors and increase your search engine results rankings. To manage a successful affiliate website, you need to continually produce new content.
Most articles are between 500 and 2000 words. The content also needs to provide helpful, relevant information about the product that you want to promote. If the content does not offer any value, your visitors have no reason to click on the link.
You can consider the content on your website to be the main ingredient in your affiliate marketing business. Search engine optimization and online marketing are the seasonings that help bring out the flavor.
SEO is used before, during, and after content creation. Before you start writing articles, you need to conduct more keyword research. This helps you select relevant keyword phrases to include in your content based on the search volume and competition.
You can also use keyword research to discover potential topics for your articles or to find the types of products that people are searching for.
As you create your content, you should focus on the human reader first. The search engines should come second. While you should never stuff keywords into your content, you should try to naturally include relevant keywords.
You also need to use online marketing techniques to start attracting visitors to your site. While your SEO efforts may help you start to gain organic traffic, you should also use social media marketing to gain more visitors.
After you start marketing your site, you may not notice an immediate increase in website traffic. Do not get discouraged. It takes a while for online marketing efforts to pay off. You may need to wait several months before you start earning an occasional commission.
Luckily, many of the results of online marketing, SEO, and content creation are cumulative. The steps that you complete now may continue to pay off, which means that the more work that you put in, the more rewards you should receive.
Keep in mind that completing these steps involves lots of work. Creating content, implementing good SEO practices, and marketing your website requires you to learn more about each of these areas. You also need to continually update your site, research marketing strategies, and review the latest products.
Boost Your Earning Potential with Wealthy Affiliate
While you can attempt to create an affiliate marketing website on your own, there are many helpful tools and resources available on the internet, such as Wealthy Affiliate.
Wealthy Affiliate offers a complete solution for getting started with affiliate marketing. You get all the tools needed to choose a niche category, build your site, and start promoting products.
You do not need any experience to create a sleek, responsive website that works on all devices, including mobile phones. The platform includes website hosting and a powerful website-building platform. You can choose from thousands of templates and have a website ready in just 60 seconds.
Besides a quality website, you also get the education that you need to succeed. There are step-by-step training materials designed for beginners. You can also complete various affiliate marketing bootcamp courses, which are great for beginners and marketing experts looking to learn new techniques.
Additional training is offered through weekly live classes. The classes cover a wide range of topics to help you improve your marketing techniques.
Wealthy Affiliate also provides access to a large community. You can receive expert coaching, advice, and support.
The Wealthy Affiliate community currently includes over 1.4 million affiliate marketers. If you run into any technical issues with your website or need advice on marketing strategies, you can quickly find help through the community.
Content creation is an essential part of affiliate marketing. You need to continually produce new blog posts and articles to help attract more visitors. Wealthy Affiliate can also help in this area.
With your membership, you can use SiteContent to simplify your content creation process. This program also includes spelling, grammar, and plagiarism checkers. Ensuring that your content is original and easy to read helps boost search rankings and increases the quality of your site.
Adding images to your content can also make it more readable. Your membership includes access to over one million free to use images from popular stock photo sites.
Affiliate marketing requires you to select a niche category. With one affiliate marketing blog, you only target one niche area. However, Wealthy Affiliate allows you to build up to 25 websites. You can create 25 sites that are all focused on the same industry or increase your earning potential by targeting a variety of categories.
Online marketing is also a big part of affiliate marketing. To help in these areas, Wealthy Affiliate provides tutorials and lessons. You can learn expert strategies for driving more traffic to your website. These strategies include the use of social media marketing and search engine optimization.
No matter whether you are a beginner or an experienced affiliate marketer, you can benefit from this all-inclusive platform.
If you want to make money through affiliate marketing, you should take a closer look at Wealthy Affiliate and consider getting a premium membership. You get access to countless tools, tips, and tutorials to help you create a successful affiliate marketing business.
Create your Wealthy Affiliate membership today to start making money with affiliate marketing.