You’ve probably heard about affiliate marketing as a way to make money from home, but you might not know exactly how it works or how you can get started. It’s an easy way for social media influencers and blog writers to monetize their content and drive traffic to products or services they recommend. If you already have a blog, video channel, social media presence, email subscribers, or some other online presence with followers, you can become an affiliate marketer without too much effort. You don’t need to be an expert marketer or even have your own product to sell—most companies will offer their products through an affiliate program that gives you a unique link you can share on your blog or social media site.
What Is Affiliate Marketing?
The easiest way to understand affiliate marketing is to think about the relationship between a blogger or social media influencer and the company whose products they’re recommending. Say your friend Alice is a travel blogger who has a very popular blog called Wanderlust and Wander. She has a massive audience that includes both travel enthusiasts and people looking for travel tips, and she has a lot of authority in the travel space. One of her readers, Bob, reads Alice’s review of a travel pillow and decides that he wants to purchase it. In this case, Wanderlust and Wander is what’s known as a merchant or retailer, and Bob is Alice’s affiliate. Alice gets paid a percentage of sales generated from her affiliate link. In some cases, she might also get a percentage of sales by readers who click but don’t buy the product. These companies have affiliate programs because they know that they can drive more sales by offering a monetary incentive to people who actively recommend their products.
How Does Affiliate Marketing Work?
Affiliate marketing is a type of performance marketing where you get paid for driving business to a company. You can do this by publishing reviews, articles, videos, images or audio about the company and its products or services on your blog, website or social media channels. You can also sign up for other people’s affiliate programs as a way to promote their products and services. Affiliate marketing is a great way to make money online, either as a full-time or side income source. You can start your journey by choosing a niche and promoting products and services relevant to that niche. You can then create content around those products, like articles, blog posts, video tutorials, podcasts and more. Let’s look at the different ways you can make money with affiliate marketing!
Build Your Portfolio
One of the first things you should do when you’re getting started with affiliate marketing is building up your portfolio of affiliate sales. Promoting a single product or service will give you a boost in the short term, but finding other products to promote regularly can increase your income over time. That way, if a company’s affiliate program goes offline or has a change in the terms and conditions, you aren’t left with no way to earn income. Look for affiliate programs that have a low barrier to entry so you can start promoting products quickly and easily. You want to make sure that you choose a product that is relevant to your audience so you can generate sales and leads from it. The higher the commission rates are for a product, the more likely it is that you’ll make a sale.
Create Content and Grow Your Audience
Once you’ve signed up for an affiliate program with a company, create content around their products or services. You can write articles, create videos, record audio, create images or even simply create a listicle and post it to a social media site like Facebook, Instagram or Pinterest. Create content that’s useful, entertaining and solves a problem. As your audience grows, you can look for opportunities to partner with other affiliates. This can help you expand your reach and increase the amount of products or services you promote. Be sure to check any affiliate program terms before working with other affiliates and make sure you’re not violating any terms.
Choose the Right Opportunity for You
The next step is to choose the right opportunity for you. This might seem a bit overwhelming at first, but don’t worry. There are plenty of reliable and trustworthy affiliate marketing networks and affiliate programs out there, and the process of finding one is relatively straightforward. Many networks will have an application process that includes requesting an invite or applying directly. When choosing an affiliate program, make sure you choose a product that your audience needs, wants or is interested in. This will make it much easier to convince them to purchase it. You can also look for a program that offers a recurring commission, which can help you earn income on a ongoing basis.
Example of Affiliate Marketing
Let’s say you’re a blogger who has a large following. You write a review about how much you love using an online service called Tailored Learning. This online service specializes in helping people learn new skills, find new jobs and retrain for their current positions. You decide to become an affiliate for Tailored Learning and put your affiliate link in the bottom of your review. You also promote your link on social media, your podcast, and other online platforms you publish on. You can also email your subscribers and encourage them to try Tailored Learning for themselves. Now, let’s say that you and your followers click on your affiliate link to Tailored Learning. If they sign up for a monthly subscription (or have their existing subscription automatically billed), you earn a commission on that sale. This is just one example of affiliate marketing. There are many different ways to go about it, but the basic premise stays the same.
Affiliate marketing is a way to make money by recommending and promoting other companies’ products. When a visitor clicks on your affiliate link, they are redirected to the seller’s website where they can purchase the item. You earn a commission on every sale that you generate. This article explains how affiliate marketing works, how you can establish yourself as an affiliate marketer and how you can earn money through this method. It also covers how to choose the right affiliate program for you, how to create content around your products and how to grow your audience.