Affiliate Marketing is one of the best practices to make money online. Every starter try once to make money through affiliate marketing but the graph of successful affiliate marketers are going down whereas graph of affiliate marketing is rising high. According to Wikipedia, Affiliate Marketing is defined as:
In simplified form, we say- “Affiliate marketing is selling or promoting other marketer’s product and earning money as commission on each sale or promotion of their product”.
Every time you don’t need to sell their products to make money, sometimes they introduce another program as Affiliate Marketing to make money. These are -
- Pay per Click: You are already familiar with this kind of marketing tactic. According to this program, you don’t need to sell products. You get referral commission to redirect to ads supplier’s site. Google AdSense is the best example of Pay per Click.
- Pay per Sale: As name suggest, you get money as commission on selling supplier’s product.
- Pay per Lead: According to this program, you earn money, once your referred visitor provides their information by filling form.
Mostly people have affiliate marketing as big source of income; even they don’t have Google AdSense on their site. Every money making program demands proper planning, if you plan smartly- no doubt, you can also make huge income by adopting affiliate marketing tactics.
Let’s discuss on 5 practical ways to make money through affiliate marketing:
1.Be Selective to Your Product
Just Imagine, you are suffering from fever and you’ve taken medicine of Diarrhea. J What will be happen next, after taking medicine of Diarrhea in fever? Lol
No need to give answer because single sign is enough for smart people. J In the same manner, if you’ve tech blog then only choose tech products to sell on your blog or if you have blogging tips related blog then only choose products related to blogging like plugins and article editing software.
If you are affiliate of some merchandise then promotion is the only key to success in affiliate marketing. In this era, Promotion is the easiest part to make money through affiliate marketing. We’ve lots of tools to promote our affiliate products, some of them are discussed below:
Your Blog: Your blog is your own brand to promote products. It only works when you have good traffic, awesome subscribers and followers then you can put banners at right side to ripe more from affiliate marketing.
Social Media: Today Facebook has 600 million users and Twitter has 200 million users. If you are active on these social networking sites then you can drive more customers to your affiliate links. One thing, you should have descent likes on your Facebook business fan page along with awesome followers on Twitter.
Write Review: Write a review about affiliate product and submit it to various directories. It is also a part of article marketing; through this tactic you can make more money using your affiliate marketing product.
Promotion via Video: You can also promote products by creating videos or you can say, it is another part of Video Marketing. Make a catchy title for your video; also your video should be completely dedicated to your product and upload it to various video sharing sites like YouTube. You need to do link building to appear your video at the first page of search result in search engine.
Promotion via Email: It is another method to promote your affiliate product, you’ve to only build good email list and need to design beautiful email. Send them newsletter with your affiliate link.
Note: Be careful to send them newsletter, if you send newsletter regarding promotion without any frequency- they may be unsubscribe your newsletter.
You can give benefits to your visitors by sharing some freebies like E-Book, Free Domain Name and Free Hosting and by giving away some free blogging tools. It’ll create interest in you and they may ask more about your next freebies then you can refer your affiliate product. I am sure, 80% of them will try your recommended product because you were getting sympathy of your users by giving away freebies to them.
In our surroundings, many people don’t know much about PRO (Professional) state of blogging. You can spread awareness about blogging and can get more followers as customers. Help them to launch their blog, in that case- you can use your affiliate id to buy domain and hosting.
5.Content: Last In-First Out (LIFO)
Yes, here content is appearing at the last but it comes first because online money making strategy is successful when your content is helping others so write content for your readers not for marketers and search engine. It’ll help you to make money more than expectation through affiliate marketing. If readers love your content means they follow you, then you can refer them your product.