Affiliate marketing is simply one of the best ways to make money on the internet today. It’s actually been one of the best methods for over 20 years now. It can be seen as the process of spreading product creation and product marketing across different parties, where each party receives a share of the revenue according to their contribution.
Affiliate marketing is when a publisher or company gives you a cut of each sale they make when you promote them on their site. There are lots of different affiliate opportunities, from courses to web hosting to books, tapes, and DVDs.
Affiliate marketing can be said to be one of the cheapest and quickest ways to make money online since it involves no product creation of any kind. To set up your Affiliate Marketing in India, all you need to do is to link up a buyer and seller; once the sale is made, you earn your commission.
How to do Affiliate Marketing?
The best way to do Affiliate Marketing is to join an affiliate program then select the products you intend to sell. The owners of the products would provide you with an affiliate code you can use for referring traffic to the main site. Also, you will be offered banners, text links, and several forms of creative copies in which you just copy and paste the code on your own site to refer traffic.
Any interested customer who clicks on the links from your website will be redirected to the main site where the product is sold and if they pay for the product or subscribe to a program/service and indicate you as the referral, you get a certain percentage as commission.
Your performance can be tracked by sellers through your affiliate ID and other affiliate software used. You also possess real-time access to all commission and sales stats. Also, in making commission, you don’t always need to sell products because various affiliate programs employ different terms of payment like:
Pay Per Click (PPC) – You make money online depending on the number of visitors redirected by you to the website of the Merchant from your own site, whether you make a sale or not.
Pay Per Sale (PPS) – The merchant pays you a certain percentage of the price of sales made after a purchase is completed.
Pay Per Lead (PPL) – Once a visitor provides their contact info on the merchant site, you instantly make money online.
8 Tips to Earn from Affiliate Marketing
Here are a few tips that can help you to make money online using affiliate marketing:
1. Select a few good products:
Most newbies in affiliate marketing make the mistake of registering with too many affiliate programs and try promoting everything they see. If this is the path you are treading, then it will overwhelm you and you won’t promote the products properly. Take time to understand the needs in the market and search for products that will go well with your site’s topic.
2. Employ various sources of traffic to promote services or products
Another mistake affiliate marketers make is that they run ads just on their own sites. This isn’t wrong but there are just so many other sources of traffic that you have the chance to use for promotion all at the same time. The more the traffic that your sales page gets, the higher are your chances of making money online.
Google AdWords is a good way to drive traffic to your sales page. All you must do is run an ad in your AdWords account then use the associated link. You will need to measure your conversions regularly to see if the cost of the campaign is less than its profit to keep it running.
3. Your Campaign must be Tested, Measured and Tracked
Using several strategies for product promotion is a very good idea because it gives you the opportunity to know which of them works better. You can do split testing and measure each campaign’s performance before taking the appropriate action.
Changing a couple of things would raise your profit. Banner ads should be placed on different areas on the pages of your site because there are some strategic points that will catch your reader’s attention.
The basic statistics of different affiliate programs are shown and you might need it for your campaign but you can still use a conversion tracking software of your own as well.
4. Test, Measure, and Track
Testing any action and measuring the performance help you explore what works and what doesn’t. According to tracking results, change, or keep your actions. For example, your banner ads aren’t gain you much. So, try to be placed in different areas and compare and contrast all results. Sure, some places earn you more.
5. Find out how much the product is desired
To make money from affiliate marketing, you need to ascertain that the product has a high demand. No matter how much effort you make, you might make little or no sales, it totally depends on the demand of the product.
You need to know if it is what your audience really needs. If you manage to get a reasonable amount of traffic on your site, then you can run a small online survey to get input from visitors.
6. Be updated with new techniques and methods
This is necessary because of the competitive nature of affiliate marketing and to be able to make money online. Daily, new techniques and methods are developed; you wouldn’t want to be left behind while new trends take over.
Try to be updated with the latest techniques and methods to be successful in a competitive environment. Getting out of date results in falling behind while staying up to date results in utilizing new techniques.
- Select the Right Advertiser
When promoting a product, you are also promoting the person or organization that owns the product. This should be the first thing to know before selecting the product you are promoting.
You surely don’t want your clients to be unhappy after purchasing the product. Trust me; they will never come back to your site again to purchase anything! This is because you have dented your credibility. Normally, any company or website with good customer service is bound to have happy customers.
- Use Tools
You need to make your campaign efficient. There are many helpful tools that let you conduct market research, competitor research, track, and convert your ad campaigns. To boost your chances to earn from affiliate marketing, various sites have various tools to make your campaign more efficient.
There are a lot of tools that would be helpful out there. For example, if you use a WordPress site, then you should think of getting a plugin that is like the Affiliate Link Manager. Online money making is eased with the usage of the right tools.