If you are serious about earning money from affiliate marketing online, you need to understand the process involved. When you understand this process, you will know how to earn online income from affiliate marketing. Lets begin.
For Newbies, What is Affiliate Marketing?
Affiliate Marketing is where an external website promotes an online retailers product and sends traffic to the online retailer. If a successful sale is made then the online retailer will pay the website promoter a commission for the sale. Affiliate programs are free to join. Affiliate marketing is a great way to monetize your website or blog.
You Website, An Important Step
The core of your enterprise will be your website. Your website is your success foundation and therefore you should spend some time on it making it an enjoyable experience for your visitors. Without a website, you cannot earn money online. If you create, a website with valuable content that people are interested in you will be attracting an audience.
You Audience is Vital
Here is the great news about conducting business on the Internet. In 2017, there are over 3.75 billion active Internet users, meaning they are all potential visitors to your site. These Internet users use search engines like Google, Bing and Yahoo to search for information.
When you learn how to take advantage of this audience, you can create and expand your business in your chosen niche field.
Your job is to get your website ranked by Google so that they can find you. When they find you, they will visit your website and explore the content you have created. When they trust you and the information you have given them they will likely click on your affiliate links and buy what you have suggested. This is where you will earn a commission.
When you have traffic (real people reading your content), coming to your website you can promote almost any affiliate product. The really great news is that you don’t have to own, store or ship any of the products you promote.
You then drive traffic through your affiliate links to the online retailer in the hopes that your reader will buy something in order to earn a commission. Commission can be anything from 4% – 75% of the sale price depending on the affiliate program you belong to.
What are the Pros of Affiliate Marketing
- It costs nothing to join an affiliate program
- You do not need any marketing skills to start.
- You can join multiple affiliate programs at the same time.
- You can promote multiple products simultaneously.
- You don’t have to handle customer care.
What are the cons of Affiliate Marketing?
- They often have a payout threshold, i.e. $30 meaning that they will only pay your commission once you have reached your threshold.
- They can change their commission structure at a moment’s notice.
- You have no control over the affiliate program.
- Anyone can join the program making the competition fierce.
Still Interested… Where to Start?
If you are serious about earning money from affiliate marketing or at least want to try it out but do not know where to start I would recommend signing up with Wealthy Affiliate. They offer excellent training.
They will help and guide you through the following steps:
- How to choose an interest (niche)
- How to build a website.
- How to attract visitors
- How to earn revenue.
Sign up is free and you can enjoy the first few lessons and build two websites without spending a cent. If you like, what you are learning and see some value in it you can then opt for a paid subscription that allows you access to the entire training platform that includes an active community, tech support, free web hosting and much more.
We hope that this guide has cleared up some questions on how Affiliate Marketing works and how you can make money from it. If you have any further questions, please leave your questions below.