Definitely, you are going to want to do your due your diligence in selecting a viable niche for your business. But it will actually be better to get up and running sooner than later. This way, it enables you to enter the market sooner, test out your ideas, and learn from your successes and/or failures. Also, if your first business isn’t successful, you can take what you have learned from those first attempts move forward with new and improved ideas.
Nick Loper is a veteran affiliate marketer, author, and a lifelong student in the game of business. His latest role is as Chief Side Hustler at SideHustleNation.com, a growing community of part-time business owners. Need a leg-up in getting your biz off the ground but short on time? Grab Nick’s free "Cliff’s Notes"-style guide to the world’s best business books here. Follow Nick on Twitter at @nloper.
Upselling is a sales technique where the salesperson encourages a more expensive purchase by a customer by persuading them to get an upgraded version of an item or to purchase add-ons. Remember our food processor example? That food processor could probably be best used with a book of recipes, which also can be purchased at the same company’s website.
Most businesses require startup fees as well as a cash flow to finance the products being sold. However, affiliate marketing can be done at a low cost, meaning you can get started quickly and without much hassle. There are no affiliate program fees to worry about and no need to create a product. Beginning this line of work is relatively straightforward.
Lastly, please check out my review on Wealthy Affiliate, the number one Affiliate Marketing Training Program in the world. You have the opportunity to build a lucrative online business from scratch. No experience or technical knowledge is necessary. The approach that is taken at Wealthy Affiliate is that they assume that anyone can create a phenomenally successful and long term online business from scratch. All you provide is hard work and the determination to learn, the tools will be provided.
This website started in 2000 as a review website which helped consumers by reviewing different products and offering the consumer the chance to purchase the product. These have become a very popular way for bloggers to create Amazon affiliate websites. It’s a great way to feature products and a good review can be very motivating for someone to purchase.
Do you have zero interest in an expensive mountain bike the company you are an affiliate of sells? Well, you probably don’t want to feature it on your blog, as it is extremely difficult to persuade readers (or anyone for that matter) that they should buy something you wouldn’t be caught spending a single penny on. When you are passionate about a product or–at the very least–interested in learning more about it, this will come through to your readers, engage them and better coax them to buy
If the above locations do not yield information pertaining to affiliates, it may be the case that there exists a non-public affiliate program. Utilizing one of the common website correlation methods may provide clues about the affiliate network. The most definitive method for finding this information is to contact the website owner directly if a contact method can be located.
Luke Kling is Director of Marketing at PeerFly.com and have been working in affiliate management for about 9 years now. Luke is also a developer and blogger. You can find his blog at LukePeerFly.com, an affiliate news aggregate (great source for newbies) at http://affposts.com, and his most recent product to help you build and grow Facebook Pages at http://fptraffic.com. Follow Luke on Twitter at @LukePeerFly.
Registering your domain and hosting your site – Once you’re ready to go ahead and register your domain name, seriously consider doing so through BlueHost (be sure to watch my free step-by-step tutorial to setting up your Bluehost account in less than 10-minutes!), as you get your hosting taken care of at a great price and the domain name is on the house! I personally use these guys for pretty much ALL of my websites and blogs.
Reviews traditionally do a great job of converting (turning clicks on links into sales on the other end) for you. If you’re going to do a review, you’ll want to include at least one affiliate link to the book in the post. Unless you’re participating in an author’s blog tour or some such, you may want to avoid linking to the author’s various sites and social media pages. It’s up to you, but the fewer things in the post there are to click, the more likely people will click your affiliate links (you can always link to favorite authors in a blogroll list over on your menu).
I have far better luck when I incorporate affiliate links into the body of a post. For example, if I’m writing about editing tips, I’ll mention that I use Grammarly and include a link like this one so that readers can try it out for themselves. However, you don’t want to be too spammy about this, which is why I think it helps to focus on products that you know and use and think will be of value to your readers.
We don't really have any dedicated Amazon Affiliates training program. It's a little bit different than the sort of affiliate marketing training we normally provide, because we usually focus on just a few key products in specific niches, not the many, many items available through Amazon. Setting up your site will be similar in many ways, at least on the technical side of things. How you approach content and your overall marketing strategy may be different, though.
When you’re getting started as an affiliate marketer, you need to think about what kind of site will play to your strengths. If you’re a good writer then you should use that by creating articles or blog posts that your audience will enjoy reading; that’s where your site’s value will lie. If words aren’t really your thing, you can use your skills as a designer or simply work hard to find useful data from around the web and present it in a user-friendly format.
With all that being said, this site definitely gets some decent traffic and even if they were just participating in display ads and Amazon Associates as monetization, I'm sure it would make a significant amount of income. Like BabyGearLab.com – people researching supplements are usually looking to buy something, and health food decisions are often impulse buys. That means that this niche may convert better than others, especially because the price points of a lot of these products is on the lower end. For an income “guesstimate” – I would say that this site is probably making north of 20K per month between affiliate and display ad revenue.
Sure, you’re not the brand itself, but you are employed by various brands, and I’m sure you want to see success in this industry. For that reason, it’s important you take control and learn about your audience while trying to form connections. Take cues from your competitors or other affiliates. What kind of advertisements are they utilizing, and do they seem to be working?
Now you should have a pretty good idea of what niche you are going to get involved with. It is possible that you haven’t narrowed the list down to a single topic area, but you probably have found a few ideas that you feel real good about. Now at this point, it’s important to get an idea of how much money you can potentially make in your chosen niche. ClickBank is a great place to go to that search. First you browse top products in your category. If you don’t find any offers, that is not a good sign. It could mean that no one has been able to monetize that niche.
Giving away a free informational product such as an e-book, an email series or a mini-course is a popular tactic many affiliate marketers use. Usually, your readers will have to provide their email addresses to receive the product from you. You can then use this to sell to them via email marketing. Additionally, an informational product can generate interest in the actual product you're trying to sell. If your product is popular enough and brings enough traffic to your site, you could also monetize the traffic in other ways, such as AdSense.
Great article as it gets me thinking about the various ways to monetize my sites. With that said, my biggest hurdle has been how to get started building traffic. You see articles all over the net talking about massive traffic techniques, but I’ve never really found a guide for a fresh blog/website and how to get to their first 100, 500, or 1,000 daily uniques. Of course writing consistent quality content is key, but writing alone an audience does not make. Any tips or articles to point us to? Thanks again Sean!
Always disclose your affiliate relationship. Most visitors will probably understand that graphic ads will lead to your getting paid, but if you write a review or use an in-text link as a recommendation, you want your readers to know that may lead to compensation as well. This ensures you retain transparency and trust with your readers, but also, it's required by the FTC's endorsement rules.
Thanks Doug Cunnington for the nice list. I am going to create my first niche site. As I am a WordPress developer, I will create a custom theme for my niche site. I checked all the above links. I think all are the same type of niche sites. The difference is less upon them. Actually, I am searching for an extraordinary, uncommon site. From where I can get an idea. Can you please suggest me any website that you think is different from common niche site? Who are following a different strategy than general niche site. Thanks again for everything.
Said to be the largest affiliate marketing network in North America (though it operates globally) and claiming the number-two spot in the 2012 Blue Book of Top 20 Affiliate Networks for being “the best at balancing the relationship between the merchants, the network, and the affiliates,” California-based Commission Junction, owned by ValueClick, Inc., offers affiliate, media, and tracking services and provides either a self-management or company-managed option for your affiliate relationships.
Russell Brunson teaches you how to turn leads into qualified subscribers. The strategy then goes into turning those subscribers into buyers and teaches you how to identify hyperactive buyers to build your business around them. This approach allows you to build a business as an affiliate rather than giving away your leads and customers to merchants.