Hi Rae, I think the right niche is the most important step in affiliate marketing. If you choose the wrong niche, you can be doomed from the very beginning. Need a buying niche not just one where people are looking for information. Also you only mentioned it briefly at the end, I think promoting something you know about or is your passion makes the process a lot easier. Great post though, Tom.
Affiliate marketing is for you if you have heard of it, but just don’t know where to start, if you have a blog that you want to monetize but just don’t know how, if you want to quit for job and live a life of financial freedom, if you want to build an automatic money making machine that does everything automatically and just makes you money on autopilot.
Great stuff here Sean – thanks for all of these insights and sharing some best practices when it comes to affiliate marketing. I’ve never been comfortable giving it a shot, but after reading this post and your perspective on how and when to do it, I may just have to give it a try. Especially considering I’m already mentioning and recommending services and products on my site, I’m just not getting the potential rewards associated with doing so. Thanks again.
You will notice that this site does try to make some money with Adsense, but the banner ad at the top is an affiliate ad (through Commission Junction) for Fastweb. I just logged into CJ.com to see how much FastWeb pays – its looks like only $0.80 per lead – OUCH! This is really low. This website owner also trys to promote fastweb in the articles – but no Adsense. I think they should be focusing more heavily on Adsense within the content of their articles to increase their income. My guess is that this site earns almost $.80 on average per Adsense click (which is MUCH easier to get than a lead).
Tip: Aim for products with reasonable commission. No lower than let’s say 40 percent, to make your efforts worthwhile. Also, you should note that ClickBank deducts transaction fees from a sale. Here’s a calculator to help you calculate your actual commission. More so, you need to remember to disclose all your affiliate links and mark them as nofollow. Here are a few reasons as to why you need to do this.
Since the emergence of affiliate marketing, there has been little control over affiliate activity. Unscrupulous affiliates have used spam, false advertising, forced clicks (to get tracking cookies set on users' computers), adware, and other methods to drive traffic to their sponsors. Although many affiliate programs have terms of service that contain rules against spam, this marketing method has historically proven to attract abuse from spammers.
Rakuten helps you handle it all. It offers influencer campaign management that aids in influencer recruitment with detailed reporting and campaign insights that can spur users into action. It offers blogger and client networking to help professionals further build up their networks. Rakuten is trusted by brands such as Best Buy, Macy’s, Walmart, ecco, Dialogtech, and more.
Mix High & Low Price Items, but Lean Towards High Price – if you’re doing all this work to push people towards a certain product, make sure that product is worth it. It doesn’t make much sense to review a $5 item with 1,000 words. You should lean towards those higher price items that will give you higher commissions. Remember, you get a percentage of the sale, not a flat fee.
The term niche, when used in the study of business, is used to define a business’s role in a market. Not only does its niche include the environment that a given business operates in, but it also includes the business’s “job” in that environment. A niche may also encompass how the business is monetized, how it interacts with consumers, and also how it interacts with other businesses and influencers within the environment, as well.
When you promote a product you also promote the person or the company who is behind the product so try to choose wisely. You don’t want your visitors to go and buy a product following your advice then come back unhappy. Do you think that this visitor will come back to your site and take your advice again? Most likely no; this can hurt your credibility in the long run. Usually, websites/company that offer good customer service will have better customer satisfaction so try to stick with promoting their products.
These figures demonstrate that Harsh has fully optimised his site for affiliate marketing. It also shows that when you’re first starting out with an affiliate marketing website, you can focus on just that. You don’t need to worry about monetising your website through any other means just yet. After you start generating a decent income from affiliate marketing then you can look at introducing other ways of making money.
Finding a niche is one of the most daunting steps in an affiliate marketer’s journey. But it’s a step that can’t be overlooked or rushed through. Finding the right niche is the key to tapping into a strong buyer’s market that’s not saturated with competition. This video will walk you through several proven strategies to help you identify a niche that you can compete in (and win!).
It can mean sharing it on your social media profiles. It can mean including a few articles or video in your weekly newsletter that relate to your products. It can mean going on internet forums and replying to individuals whose questions you know how to answer. It can mean writing a guest post that gets your name and website name onto another person’s site, expanding your reach to their network as well.
And how much you make can fluctuate wildly. I still have months where I might only make a few dollars, if that. You also need to factor in that many brands only pay affiliates once you’ve earned a certain amount, say $25. On the plus side, it takes next to no effort to include affiliate links, and if you’re really strategic about it and have reasonable traffic, you could potentially make a decent amount, certainly more than me.
Jump up ^ Shashank SHEKHAR (2009-06-29). "Online Marketing System: Affiliate marketing". Feed Money.com. Archived from the original on 2011-05-15. Retrieved 2011-04-20. During November 1994, CDNOW released its BuyWeb program. With this program CDNOW was the first non-adult website to launch the concept of an affiliate or associate program with its idea of click-through purchasing.
Which affiliate marketing program or network you sign up for, whether as a merchant or an affiliate, will have a huge impact on the success of your sales. Some programs are niche and cater largely to a certain industry, such as technology/software or retail sales. Some programs don’t pay as well as others and will, consequently, result in lower income for affiliates over time. Some programs take a larger cut of profit than others, leaving affiliates with less income. Some networks just don’t have the same features as others and can leave merchants and affiliates with fewer resources.
I couldn’t agree more on the advice on providing long-form content. In fact, most of modules we created are probably still longer than the ones found on AuthorityHackers, and 8000-words is considered normal. With the difference being that since they are technical in nature, they probably take 1.5 more times to create than a regular post written in English. :)
Yaro Starak is the founder and writer of Entrepreneurs-Journey.com. Since 2005 through this blog, his email newsletter and in training programs under the EJ Insider Membership, Yaro has taught thousands of people how to make a full time income from blogging part time, how to buy and sell blogs and websites, and how to successfully launch an information product business. Follow Yaro on Twitter at @YaroStarak.
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.
Plus, consumers are more likely to rely on a trusted source for brand information than they are an advertisement. In the current state of influencers and rampant review sites, we’re looking to real people’s opinions more than we are static advertisements or TV commercials. With your affiliates comes the trust of networks they’ve previously established.
One big difference between SkimLinks and VigLinks, however, is that once you’re approved by the company, you can choose to work with any merchant or program on its platform. SkimLinks has also published a white paper discussing its partnership with Buzzfeed, giving SkimLinks a lot of credibility. SkimLinks also has a higher tier of vetted merchants called “Preferred Partner” and “VIP” that both pay higher commissions than standard merchants.
We are dedicated to providing the tools and information that are needed to become an affiliate marketer while simplifying the process and speaking in terms everyone can understand. Money is never the top priority; building relationships and trust are two of the most important aspects of any marketing campaign. Without the consumers and the companies that make these products, there would be nothing to market. Nothing to promote. Our goal is to accelerate an affiliate marketer’s success and enable them to see the positive and rewarding results that can come from a career in online marketing.