How to Make Money with Affiliate Marketing
Do you love to keep a website or a blog? Then, you can turn that hobby into some cash by doing reviews and adding advertising links of various products in your site – this online strategy is called affiliate marketing.
Affiliate marketing works best for people who have a wide network or followers. Basically, this marketing strategy is about promoting someone else’s product and earning a commission from its sales. If a customer click the product link or banner ad found on your site or if they make a purchase base on your reviews and recommendation, then you are about to get a certain amount of commission.
The commission is usually a percentage of the actual sales or sometimes can be at flat rate. Either way, the good thing about affiliate marketing is that you are earning money just by maintaining a website or a blog. All you need to do is to place these product links and banner ads in strategic location on your webpage and watch your income grow. The challenge however is to attract as many visitors as you can who will potentially click on the links or the ads and purchase the products that you are marketing.
But if you do not have your own website or blog, do not fret! You can also be an affiliate by writing reviews of the products and posting it in various advertising sites such as Amazon.com, e-Bay, bestbuy.com and even to the company website of the product itself.
To be an affiliate without your own site or blog, you need to sign up or register with marketing companies that have affiliate marketing networks at hand. Do not worry because membership in most of these marketing companies is usually free! Once you are accepted as an affiliate you will then be given links, banner ads and other promotional items that you can use.
It is very important however to choose a credible and well-established marketing companies that can give you efficient and attractive links and banner ads. Some of the biggest names in affiliate networking are Amazon, eBay, Commission Junction and ClickBank. Other companies such as Drugstore.com and bestbuy.com also make customized affiliate ads that promote their products.
There are actually three ways on how you can make a good amount of money from affiliate marketing. First, as I previously mentioned, is by posting ads and reviews on your website or blog. This method is called Ad Revenue Sharing. Specifically, through AdSense (which is for free!) you can showcase Google Ads in your site and when someone clicks on these ads, Google Ads would have to pay you a certain amount of money—small amount though—but as it accumulates you would be surprise on how huge it has become.
Second is through cost-per-sale or CPS. In this method, you earn a commission when someone buys a product because of the links and reviews that you have provided. The good thing about CPS is that you do not have to do the transaction with the clients as well as the delivery. You simply direct the interested party to the websites that directly sell the product and voila! You earn a commission every time they seal the deal.
Third is through cost-per-action or CPA. This method means that you are supposed to persuade someone to take actions which they are free not to do so, such as answering a survey, signing up for a free newsletter, filling out an application or completing a trial offer. You earn some amount of money each time they successfully do such actions, however, since no one has to spend money, the commissions that you may earn might be less than the CPS. But since there is no cost on their part, most people will likely complete the CPA offers than the CPS offers which require them to shell out some cash. In short, CPA is an equally wise method worth considering.
Now that you already know the various ways on how to get into affiliate marketing, it is your turn to explore the limitless ways of promoting a product! Aside from writing a review and creating a link, you can also try making a video, writing an ad and sending e-mails your friends and clients. So, go out and be an affiliate, it is time to take advantage of what the World Wide Web can offer!
Your Professional Success Coach