How To Start Affiliate Marketing: Step-by-Step Guide For Beginners Bloggers (2021)
Today you wake up at hour, open your laptop or pc, and look at something like this:
Make money while you sleep, this is the power of Passive income.
Though, there are many ways to make money from this lucrative business.
But today I want to dive deeper into How To Start Affiliate Marketing, myths, the real ways to make money actually is and how you can make a stream of income.
If you’re just starting out, don’t worry as this in-depth mega compressive guide has everything you need to know about affiliate marketing & how you can also take advantage of this lucrative revenue stream.
Ready? Let’s dive in.
CHAPTER 1: What Is Affiliate Marketing – Definition?
Affiliate marketing is an advertising business model in which a company compensates third-party publishers to generate targeted traffic or leads to the company’s offer, products and services.
So, it’s a win-win for both “affiliates,” & “publishers”.
CHAPTER 2: How Does Affiliate Marketing Work?
The basics of affiliate marketing are actually very straightforward and very simple.
Affiliate marketing works by dividing the responsibilities of offers, services, products marketing and brand creation among different people involved with a share of the profit.
In the most bare-bones version of affiliate marketing, there are three parties involved:
The customer (audience)
The affiliate (promoter)
The merchant (owner)
The commission rate varies between offer, individuals, industries, and businesses. There are also affiliate marketing programs that provide a flat rate per sale instead of a percentage.
To participate in an affiliate marketing program, you’ll need to take these five simple steps:
Find and join an affiliate program in your niche or topic
Advertisers can promote an offer, product to a vast audience, giving their brands more exposure and recognition.
On the other hand, require only an ad-space to promote the merchants’ offer, products, and get earning cash.
It’s good as a supplementary source of income
It’s a low-cost business opportunity
No need to come up with your own marketing Kit
Independence. Flexibility. Convenience
No expertise required
It’s a lucrative and far-reaching industry
Disadvantages – Cons 1. Risk not getting paid. The twisted merchant may simply leave and close down the program without paying the affiliate. 2. Choosing What Products To Sell Can Be Daunting 3. You Have No Control Over Pricing Or Commissions 4. Link hijackers can hijack affiliate links and get paid for the commissions instead. 5. Need A Lot Of Patience and Hard Work 6. Commission Based Payment 7. No Control Over the Competition 8.Choosing the Right Product
No matter the disadvantages, affiliate marketing still remains as one of the best ways to make passive income online.
CHAPTER 4: Affiliate Marketing Myths
There are some marketing myths along the way, surrounding marketing and online joint ventures that come in your mind right now. There’s a lot of misinformation that surrounds the marketing industry – so let’s clear it up.
To make passive income from this industry, you’ll need to know the difference between reality and myth.
CHAPTER 5: 3 Common Different Types Of Affiliate Marketing
There are different types of affiliate marketing are there to enable webmaster, marketers to generate passive incomes and for this, it is important to understand each of them.
Whichever the case, there is certainly a way for you to monetize your knowledge or traffic via affiliate marketing.
The most important (but not only) affiliate types are:
1. Unattached Affiliate Marketing The most common way to conduct unattached affiliate marketing is to run paid pay per click or search engine marketing campaigns. It can be run on any social media platforms such as Google, Facebook, Twitter, LinkedIn.
This type of paid affiliate marketing is attractive because it doesn’t require web development or content creation (except for ad copy). The affiliate is typically paid when a customer fills out a form/application or makes a purchase or takes any call to action.
2. Related Affiliate Marketing In order to make passive income mad make more revenue through related affiliate marketing, you need to have a presence online through blogging, producing books, podcasts, videos or other web content in your niche.
3. Involved Affiliate Marketing Then there are affiliate marketers who use the products and services they promote, those affiliate offers which they strongly believe in and recommend for their your audience in their niche industry.
CHAPTER 6: Choosing The Right Profitable Niche Business
Before we move forward, let me tell you exactly what a niche is.
WHAT EXACTLY IS A NICHE? The word has different meanings in different contexts, but in internet marketing terminology, a niche is simply a more focused and narrow market within a larger industry.
I have seen there is a lot of miss information on the internet about marketing, especially niche selection.
Most of them failed marketers targeting “everyone, this is great for self-starters and independent learning types, but we realize that it can lead to “analysis paralysis.”
I want you to keep these concepts in mind as you read through my detail guide. These are the most important aspects of niche selection process.
Ensuring your niche can be monetized.
Finding a niche where you can be competitive.
Choosing a niche that you care about, or at least could see yourself caring about.
What are some of the most popular affiliate networks? Shareasale, JVzoo, Clickbank, Clickbooth, Commission Junction, Amazon Affiliate Program, and eBay Partners Program.
Is it important to have a blog for affiliate promotion? Not necessarily, but a blog is really the best promotional tool. With that said you can always use methods such as PPC or advertising to promote a product on paid media channels.
In Conclusion – Start Affiliate Marketing (The Complete Beginners Guide)
I hope this beginner’s guide to marketing will help you get started. Just don’t expect life-changing passive income or the freedom to quit your 9 – 5 overnight.
It takes time & efforts and finally, be patient.
All it will cost you is your time. Although the success of the job does depend on marketing skills.
Are you ready to start making more money with affiliate marketing?
That’s why I’m rooting for you to succeed, and it’s why I put together this epic guide to affiliate marketing.
Sign up for your risk-free webinar online seat today! Follow the tips included in this article, and you’ll be able to engage your audience, convert passive readers into active consumers, and enhance your paycheck one click at a time.
Please add to the list in the comments below, I would love to hear all about it!
* This post contains affiliate links, which means that if you click on one of the product links and then purchase the product, we’ll receive a commission. No worries though, you’ll still pay the standard amount so there’s no cost on your part.