If you are looking for ways to make extra income, affiliate marketing should be on your list. You can make money simply by promoting a company’s products or services. As an affiliate marketers, you can use your own blog / website, Youtube channel, Facebook groups and pages, email newsletter, and similar online presences to run your affiliate marketing program. In this article, we will share some ways to earn money with affiliate marketing.
What Is Affiliate Marketing?
Affiliate marketing is a process in which a company pays a marketer for generating sales or even leads depending on the arrangement. As an affiliate marketer, you earn a commission each time someone makes a purchase, through a unique affiliate link that’s connected to you.
The affiliate marketing industry is huge. Most of the companies that participate in an affiliate program have a global presence. As you shop these links looking for the best affiliate programs, choose affiliate products that you already use and love.
How much money can you make with affiliate marketing?
You can earn a decent income, and you can earn some serious money with recurring commissions. According to Google analytics, the affiliate industry will reach $8.2 billion by 2022. The total was $5.4 billion in 2017. The affiliate marketing average income is steadily growing.
Commissions range from 5 to 10% of a sale, or as a flat rate. So, you may make only a few dollars on an inexpensive product, but make much more money on the big-ticket items.
What Are The Top Affiliate Programs?
Although you may already be promoting various products and services, you aren’t earning money online as an affiliate partner until you choose from the different affiliate programs and sign up.
So, set up an affiliate relationship, organize your affiliate strategy, and begin to earn money.
Amazon Associates
Amazon is the largest affiliate sales program in the world. There are literally millions of products available. However, it’s very competitive. So, you will have to concentrate your marketing efforts on a few select products.
CJ Affiliate
This company focuses on affiliate campaigns for some heavy hitter companies such as Overstock, Blue Apron, Turbo Tax, Barnes & Noble.
Paid Per Click
This is a great option for bloggers to generate income. Your visitors can click on a product or service you mention in your blog. How much traffic is funnelled to the product or service depends on what your readers do.
You have to go to the websites of the specific products or companies to find out if they participate in a PPC program. You can also generate passive income by displaying ads that your website visitors see.
Shopify
This is a great fit for people who run online training courses or webinars through their own website. Your audience becomes paid traffic, as people are referred to a Shopify product via a link you provide. You earn a commission on each Shopify referral.
ClickBank.com
Affiliate marketing works on this site by connecting innovative product owners with affiliate marketing folks. For some product owners, the marketing budget may not support high commissions until you prove affiliate marketing success. This is one of the biggest affiliate networks, so learning how to use ClickBank can pay off.
ShareaSale.com
With ShareaSale’s program, the focus is on increasing online sales. The company’s product or service is shared as a link back to the site.
Avant Link
Avant Link has partnerships with more than 800 premium advertising brands. So, your campaigns will focus on the brand, and indirectly the products under the brand umbrella.
How to Earn More in Affiliate Marketing Programs
The best affiliate links are the ones that most closely fit actions you are already taking. Once you decide on the right affiliate program for you, here are a few tips to earn other affiliate income:
- Choose products you use and can genuinely back.
- Keep your product list short, especially as you start.
- Use various sources of traffic to generate sales for the product.
- Spend time with research so that you choose the right program.
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