How Can You Make Money from Affiliate Marketing? - Passive Income Gigs

How Can You Make Money from Affiliate Marketing?

Before I get started with this tutorial, there’s something I would like to clarify here first:

Unlike most people out there, I do not believe in get-rich-quick schemes or tutorials teaching that you can become rich overnight magically. Logically, such teachings are mere blogging heresies that painfully lure most potential people away from the right money-making path online.

For that reason, if you’re on the lookout for magical ways to become wealthy online, then I’m sorry to inform you that this specific tutorial isn’t meant for someone like you. You’ll have to proceed and continue searching the web; maybe you can find such invalid opportunities, even though none exists on the internet.

This tutorial basically covers the following areas:

  • What affiliate marketing stands for and the various type of affiliate marketing you can venture into online
  • The numerous benefits of becoming an affiliate marketer
  • Pro tips and best practices for becoming a super affiliate marketer

As a novice would ask, is it actually possible to make cool and legitimate money from promoting affiliate programs? Anyway, I would simply say yes and no; meaning there is a ton of revenue anyone can generate from promoting affiliate programs, but if possibly you can make money as an affiliate marketer would deeply depend on a couple of factors such as experience, commitment, website/blog traffic, having the right mindset, consistency, being persistent, visualizing the future of affiliate marketing, being a potential affiliate marketer, understanding affiliate marketing from the onset, using the power of blogging, and many more.

What Does Affiliate Marketing Stand For?

Affiliate marketing is a marketing system whereby a business gets its affiliates rewarded for their affiliate marketing efforts in bringing customers or visitors to the sales page and making them buy one or more products successfully.

Fundamentally, you’ll get paid as a blog owner by helping an enterprise promote some of their products or services.

For instance, if you are an affiliate marketer for Grammarly and you promote its offers on your blog, you’ll receive a commission when visitors click through an offer and buy a product.

Affiliate marketing is likely one of the cheapest and fastest ways to start earning cool and consistent income online as you may not have to bother creating products of your own. You intelligibly connect buyers and sellers together, and you get paid a certain commission on the unique sale that has been generated through your referral code or link.

How Does Affiliate Marketing Work in the Real Sense?

When you become part of an affiliate company and you plump up for the product(s) you want to promote, the program generates you a unique affiliate ID, link or code which you can immediately utilize to send or refer people to the program.

Most programs would generate you off-the-rack banners, text links, and other forms of promotional tools and resources whereby you only need to copy the HTML code and have it pasted directly on your site to begin directing live traffic.

When some visitors click through any of those generated links from your website and they are directed straight to the product sales page, you’ll certainly get rewarded with a known percentage of the product price if such visitors subscribe to a desired product or, perhaps end up purchasing something.

Your sales will be tracked and your earnings will be calculated through the unique affiliate code generated for you and the system software they utilize. You’ll also be able to access your affiliate stats which contain the overall statistics relating to your real-time traffic, number of sales made, and the amount of commissions earned so far.

Not all affiliate programs pay only when you’ve made a sale.

There are numerous affiliate systems that get you paid for certain actions other than making a sale such as:

Pay Per Click:

In this system, you receive payment depending on the number of unique visits you send to the affiliate network from your own website, whether a product is eventually purchased or not.

Pay Per Sale:

In this particular system, the affiliate merchant sends you a commission which is a percentage of the product price upon the completion of the order.

Pay Per Lead:

You earn revenue simply when the visitors you referred through your site leave their email addresses on the merchant website by signing up a web form.

The Numerous Benefits of Becoming an Affiliate Marketer

Affiliate marketing is regarded as the fastest-growing industry in the online world and the most proficient online marketing tactic for making money online. I’ll enumerate these below:

Global Market:

Internet marketing makes it feasible for you to reach out to the ideal people in the world.

No Shipping No Storage:

You dare not mind packing, storage, or shipment of any given product. Everything is handled strictly by the merchant.

Passive Income:

You can possibly get a fixed income from a regular job as long as you keep on working. Based on your marketing expertise, affiliate marketing can generate you a multiple stream of income whether you’re in front of your computer keyboard or not.

Cost Effective:

When it comes to marketing products online, there’s no need worrying about the manufacturing or transportation cost as products are digitally designed by the merchant. There’s no need to even hire some employees or rent a physical shop to sell.

Work from Home:

When you begin to generate some appreciable amount of revenue promoting affiliate products, you can consider quitting your 9-5 white-collar job and start working from home.

No Payments or Fees:

No fee is required to sign up to an affiliate network.

No client support:

No need to deal directly with the consumers or provide some form of client support as the merchant will have done that already for you.

Pro Tips and Best Practices for Becoming a Super Affiliate Marketer

Upon studying the numerous benefits of being an affiliate marketer, if your expectation is to become wealthy overnight, then you’ve missed the road completely, rest assured. Affiliate marketing is probably an awesome money-making idea online though it is extremely competitive as well.

To become a successful affiliate marketer, you must figure out the marketing essentials, study the best way to promote affiliate products, and determine what can really suffice and what cannot.

Here are a couple of tactics for becoming a successful affiliate marketer which I’ve been implementing so far.

1. Only Choose a Sprinkling of Good Products

One of the most errors many affiliate marketers make is that they join too many affiliate networks and try promoting everything. Running after affiliate marketing sites down this road could become extraordinarily enormous and you may not be able to promote most products the right way.

What you simply need to become a successful affiliate marketer is a sprinkling of valuable products to sell. Get to understand the main marketing essentials and be on the lookout for only products that relate to the niche of your website.

2. Leverage Multiple Traffic Sources to Promote Affiliate Products

Several affiliate marketers place the advertising unit or banner only on their websites. Nothing is wrong with this technique but get to understand that there are multiple traffic sources you can leverage to promote and sell those affiliate products at the same time. The more specific traffic you can deliver to the merchant’s product page, the more your possibilities of generating revenue.

You can probably utilize Google AdWords to get some specific traffic to any product/sales page. You simply create an Ad right in your Google Advertising account, and utilize your generated affiliate link in your target page address (URL) of the created Ad. Literally, you must continue to evaluate your conversions and check if the cost of the setup campaign is far less than the profit made on it. This will ensure you can continue running the created campaign. I want to believe this makes a lot sense.

3. Examine, Evaluate and Keep Track of Your Setup Campaign

It’s an excellent idea to implement a variety of product marketing and promotion tactics in order to really find out what works out and what doesn’t.

Conduct some kind of split testing and evaluate how your campaign has been performing, then take the proper action. Modifying some things from time to time can really help you maximize profit systematically.

Ensure the advertising units or banners are placed on the various sections of your pages and posts. It’s highly likely that some page locations will definitely make the banners more noticed than others.

Most networks will give you fundamental traffic stats you may likely need to access but there’s nothing unfair in trying to possess your own software that will enable you to always keep track of your setup campaigns in the respective programs you’re promoting.

4. Find Out About the Product Demand

If you mistakenly choose to promote affiliate products that are not in high demand, chances are you won’t be making meaningful amount of sales no matter how really much you might make efforts. Thus, it’s a great marketing idea to always take some time doing research and trying to figure out what products are really selling and which ones are not. Try getting to know your audience and find out what they would be willing to buy.

If your blog is already receiving some considerable amount of traffic, you can create a form of questionnaire and extract the needed data from your audience before starting to promote products.

5. Stay Up to Date with Most Recently-Used Approaches and Tactics

Affiliate marketing is described as a highly-competitive system of marketing and most people are constantly devising new marketing approaches.

Make sure you stay up to date with the new marketing tactics and trends; otherwise, you’ll be lagging behind. Research the market properly and figure out what techniques were being utilized by great and super affiliate marketers and follow suit.

6. Promote the Right Affiliate Program

When you try promoting a certain product, service or program, then you’re invariably promoting the merchant or owner of the program, thus, make sure you make the wisest choice.

As an affiliate marketer, you wouldn’t ever want your visitors to purchase a given product you are promoting and later get to know they’ve got to the wrong place. They won’t be happy with you directing them to the wrong place. You’ll make them regret listening to your affiliate advice.

How do you expect they’ll ever want to buy any product through your affiliate site again and again? Definitely no! This will seriously impair your credibility in the future. Meanwhile, brands/merchants that provide awesome services to customers will of course achieve stronger client satisfaction. And customers who are offered such services will not do but continue to patronize the products and tell other people about the company (producer or owner).

7. Utilize Awesome Tools

Are you ready to venture into affiliate marketing really? Then try getting some tools that will give you maximum efficiency in promoting products and generating income passively. You can always get access to a variety of affiliate marketing tools by simply using Google.

Are you a WordPres site owner, why not leverage WordPress plugins like the Affiliate Link Manager? There are also many plugins on WordPress that are already integrated with most of the affiliate marketing networks out there.

Never wake up and expect things to happen! Don’t sit there and think visitors will just stop by and purchase a product; put everything in place accurately and make it suffice!

Don’t think that by promoting multiple affiliate programs with so many affiliate links, you’ll start seeing visitors flood your affiliate page and begin to purchase products through your links! If you’re thinking that way, you’re getting it all wrong.

You must have well-designed plans and put things in place the right way. You should see affiliate marketing as a real business, so you’ll of course achieve great milestones in the course of doing it if treated as such.

Thanks for reading my post. Please ask any questions or drop me a comment below. You may also like to read my other posts:

Passive Income Ideas for Beginners

Top 12 Blogging Tools For Beginners (2019 Update)

Chris

Chris is an affiliate marketer based in Bolton, in the north west of England, United Kingdom.

13 thoughts on “How Can You Make Money from Affiliate Marketing?

  • 21/09/2019 at 9:36 pm
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    Thanks for sharing this wonderful piece of information. The affiliate market have been one of the eat ways to make money online for anyone who wishes to go into it but its not always a smooth path for anyone as there is a lot to be learned and soem sacrifices to be made. For me using the right tool is one of the best ways to making money in the affiliate market as it would bring potential buyers to your page. Best regards.

    Reply
    • 21/09/2019 at 9:50 pm
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      Hi Chloe,
      Thanks for reading my post.
      I am so happy you enjoyed it.

      Reply
  • 21/09/2019 at 9:41 pm
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    I remember when I was starting out, there was so much information, and very few of them were genuine info on getting started with Affiliate Marketing. You have explained well how the program works and I know for sure that Affiliate Marketing exists, and it is a legitimate business model. I love the simple Pay Per Click and Pay Per Lead Models, though their commissions cannot be compared to Pay Per Sale. But is it is still something, compared to nothing.

    I love that Affiliate Marketing does not include all the hustles in product inventory. The best part is that it is passive income. It is so rewarding to make money without leaving your house or even when you are holidaying. Thank you for those great tips on becoming a Super Affiliate MArketer. I love the tip on leveraging multiple traffic sources. Great post.

    Reply
    • 21/09/2019 at 9:51 pm
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      Hi Carol,
      Thanks for reading my post.
      I am so happy you enjoyed it.

      Reply
  • 21/09/2019 at 9:50 pm
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    Looking at the numerous chances that are present in the affiliate market, one would easily think its very easy yo make money online without a stress and that’s the misconception. When it comes to making money there are lots to things one would need to do, but amidst all, I would first tell everyone not to give in to some unhealthy competition in the game first, also having the right niche would help you make some money. Best regards

    Reply
    • 21/09/2019 at 9:51 pm
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      Hi Dane,
      Thanks for reading my post.
      I am so happy you enjoyed it.

      Reply
  • 21/09/2019 at 9:54 pm
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    Thanks for the opportunity to allow me to provide you feedback. I thought the website overall was very easy to navigate. The particular article “How Can You Make Money from Affiliate Marketing?” was very informative on everything we need to know about making money on Affiliate Marketing. I thought the video was extremely powerful…me personally, i much prefer to watch a video than reading an article. The only thing to perhaps think about is that, especially with having a video to supplement the article, the article to be shorter in length. Overall, really informative article. Keep hustling and best of luck! 

    Reply
    • 21/09/2019 at 10:22 pm
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      Hi Chloe,
      Thanks for reading my post.
      I am so happy you enjoyed it

      Reply
  • 21/09/2019 at 10:02 pm
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    Thanks Chris. Good article. I like the nice text font and simple format. It was very easy to follow your writing. That’s a good point about making sure to promote a handful of great products. Also, getting traffic from multiple sources. Google search is good but theres also social media, YouTube and more. 

    This is a great Affiliate Marketing article that covers the basics and has good tips for everyone. I look forward to reading more of your content, since I am getting started in making money online. 

    Reply
    • 21/09/2019 at 10:23 pm
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      Hi C,
      Thanks for reading my post.
      I am so happy you enjoyed it

      Reply
  • 22/09/2019 at 2:36 am
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    Thank you for writing this helpful article Chris. I am just beginning in affiliate marketing, and the information you have provided is priceless to me, at this stage in the game. Everything is organized, and written in an easy to understand format. So that even the least knowledgeable beginner, is able to understand the concepts. I appreciate you sharing this with others, it makes starting at square one a little less confusing. Thank you again, Malinda

    Reply
    • 23/09/2019 at 6:47 am
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      Thanks for your response

      Reply
  • 22/09/2019 at 5:55 am
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    Thank you for this very carefully detailed article, it includes priceless gems, on beginning with affiliate marketing. I am currently a beginner, and look forward to reading more of your clear, concise insight on how to succeed in the affiliate marketing industry. The video also added very helpful affiliate marketing information, and helped to add a broader understanding. Will you be writing more articles in the future to help the beginner? Thanks again!

    Reply

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