You may have come across the idea of affiliate marketing as you looked up ways to make money on the Internet but have no clue about how it works. Without any clear understanding of affiliate marketing, you can either dismiss it as mere hype or some sneaky scam that may one day leave you empty-handed.
Truth is, many people have succeeded in making money by doing affiliate marketing and there are many more who failed to make a single cent out of it. As with most businesses, there is a learning curve that anyone should go through before experiencing results in affiliate marketing. If you persevere enough, you may just be one of those who can claim that there is a lot of money to be made in the internet.
What is affiliate marketing
Affiliate marketing refers to online activities that are aimed at marketing someone else’s product or service, out of which one may receive a cut from every lead that is generated and which ends in a sale or sign up of that product or service. A person who engages in affiliate marketing is called an affiliate.
To make money with affiliate marketing, you need to do the following:
Choose the right product.
Know what products bring in the most sales and promote the same or similar products, rather than marketing one from an untapped niche. If it works for others, it should work for you as well.
Conduct a market research.
Do your homework about your market and your potential customers. Market research is as valuable in an online business as it is to a brick-and-mortar enterprise. Knowing your market well enables you to craft your pre-sell page leading the customer to the vendor’s site.
Get the right keywords.
Search engines allow advertisers to bid on keywords that link to their sites. Choose only keywords that can get you the best conversions and consider looking for long tail keywords to keep your bid prices lower.
Create a good pre-sell page.
Capture your reader’s attention using your headline and sub-headline with words that arouse curiosity, provoke emotion, or convey a sense of urgency. Your pre-sell should read like an editorial, testimonial, advice, case study or a review that addresses a need or solves a problem for your reader.
Don’t put all your eggs in one basket. Having multiple income streams not only boosts your earnings from affiliate marketing but also assures you of a buffer in case any of your marketing efforts backfire on you.
You can also learn other techniques from experts who have developed their own tried and tested systems for conducting affiliate marketing. There is a lot of money to be made in affiliate marketing if you are willing to learn and put in your time and energy into it.