5 Effective Ways to Make Money from Affiliate Marketing (Most effective methods)
Here are 5 ways to start affiliate marketing in todays dynamic market place:
#1. Choose “highly profitable” affiliate product
“Choosing the right affiliate products” is the key to success in affiliate marketing.
As an example, if you promote a $100 affiliate product with a 30% commission, you’ll earn $30 for every successful sale you generate through your affiliate links.
However, if you find a product with “recurring commission” rather than one-time affiliate commission, you will earn $30 every month (not just once).
So, which is superior?
Is it better to make $30 in commission once or $20 every month?
Passive Income = One-Time Effort + Recurring Commission
The best secret to earning a continues commission on a product that you promote is, identify if this is a great offer that convert well. If there is much demand in the market for this product, consider becoming an affiliate for such a product.
The big mistake with new affiliate is the look for a product that has high commission only, yes you are right it pays a lot but you will have hard time to make even one sell to make that commission. So go for a product that is in high demand and if possible has a recurring commission.
Your task now is to find products that offer recurring commissions so that you can earn passive income every month (according to the product subscription plans) rather than just once. This takes us to the second point.
#2. Education is power
If you want to increase your affiliate sales, here’s a pro tip: educate rather than sell!
Any successful marketer will educate first and then sell. That is the key to successful affiliate marketing.
You can persuade people to buy from you by first raising awareness about the products.
That being said, here are some tips for educating your audience about your affiliate products in order to boost your affiliate earnings.
- Product reviews
- Resources page
- Case studies
- Email newsletters
- How to videos
Let’s quickly talk about how you can use the above content marketing strategies to educate your audience about your affiliate products to make more sales.
( Access a FREE copy of The Digital Millionaire Mindset)
1. Make Product reviews
Writing product reviews, where you can list your pricing plans, pros, cons, features, and so on, is one of the best ways to increase your affiliate product sales. The key here is to write honest product reviews, not just to increase sales. Include a lot of screenshots, compare them to other products, and include a variety of pros and cons to make them unbiased.
2. Create a resources page
Another essential page on your site is a “resource page” where you can list all of the affiliate products you use (along with your affiliate referral links). This type of resource page is used by many bloggers, including Pat Flynn, Darren Rowse, and others.
What kind of products you can show? Literally, you can show any product including;
- Email marketing tools you use
- Themes you use
- SEO tools
- WordPress plugins and pretty any other software tools you use
3. Case studies
Case studies can help you increase the overall sales of an affiliate product. They are effective because they provide significant value to your visitors. Choose a problem to promote, then explain how to solve that problem using that product. That’s all!
4. Email Newsletters
If you want to make more money with affiliate marketing, spend money and time building an active email list because that’s where the money is.
However, you should never hard sell. To increase your affiliate sales, create high-value email newsletter sequences and offer discounts or promotions in between.
5. Solution Videos
If you want to do video marketing, making how-to videos and tutorials for your affiliate products can work wonders because you can use them on both your blog and your YouTube channel.
Video tutorials are simple to watch and understand, and people will be interested in purchasing from you if your products solve their problems.
#3. Learn how to outrank your competitors in search
Affiliate marketing and SEO are inextricably linked.
Google sends you highly qualified visitors from search, resulting in higher conversion rates. SEO outperforms all other promotional channels, including social media.
The key here is to learn two or three long-lasting SEO strategies and apply them to outrank your competitors.
To begin, create a list of at least 10 to 15 competitor sites in your niche.
Find their top performing pages (finding profitable keywords for SEO is essential), and make a list of the top products that are assisting them in making more sales. To increase your overall sales, you can also create any hosting niche related website.
Your job now is to create 10x better content around those topics, offer much better discounts or exclusive promotions, use call to actions in the right places, and build quality links to begin outranking your competitors in search results.
Although outranking your competitors organically takes time, it is well worth your time and money. If you want to see faster results, look for low competition long tail keywords that will drive targeted visitors to your site from search engines.
#4. Provide exclusive offers and discounts
Why should someone choose your affiliate products over those of your competitors?
You’ll be far ahead of the competition if you can answer the question. Most new affiliate marketers simply plaster advertisements all over their website (hoping to make more sales).
Is it effective? No. People don’t come to your website to buy something (unless you’re an authority in your niche).
As a result, you must provide exclusive offers and discounts to entice your visitors to purchase affiliate products from you rather than your competitors.
How do you provide exclusive deals on the various affiliate products you promote?
It doesn’t matter what niche you’re in; if you have access to the affiliate managers of the products you’re promoting, you can find a ton of discounts. Request better deals and discounts for your audience.
Or you can other educational tutorials that the product owner has not provided. This will add more value to your affiliate link more than if your visitor could buy from your competitors.
#5. Give a try to paid promotion
It takes money to make money in affiliate marketing. You need to invest few dollars on paid promotion especially when you don’t have enough online reputation or a new website with less authority.
Once you have a prove your product is highly in demand, the key here is to pick ONE platform, such as Facebook, Google, or Quora, and test different ad copies, run A/B tests, and see how many people convert.
You should also examine your advertising budget (that means, you should go for the cheapest platform to place ads where you can yield higher returns for the money spent).
Try, try again, and again. That is the key to successful paid promotion. Instead of inserting affiliate links directly into your ads, use landing pages. Bring visitors to your landing pages, then use call to actions to convert them into sales.
Final thoughts on increasing your affiliate marketing sales
Whether you realize it or not, the affiliate marketing industry will be worth $8.5 billion by 2025. It is rapidly expanding, and the opportunities are limitless.
So, rather than waiting for more, why not get started with affiliate marketing right away? Simply define your target audience so you can find and promote the right products with lucrative commissions.
Did you find the affiliate marketing tips in this post useful?
Please let me know if there is anything I can do for you. Much thanks
P.s Follow us for more!
