How To Make Money With Affiliate Marketing
My purpose for writing this article is to offer you an outline of how to make money with affiliate marketing. You will then be able draw your own educated conclusion on how you want to kick start your affiliate marketing.
Habitually, I can classify the various ways of earning money with affiliate marketing into 3 basic groups:
- The direct promotion
- Building a list
- Create a useful website
…and, we are going to talk about these 3 approaches here:
First approach – The direct promotion
The first approach to make money with affiliate marketing is by promoting the service or product directly.
Usually, most beginners are taught to search for a great product from the ClickBank market place, create an advert for it and advertise, or share it on social media to get traffic and sales.
Or, if it is a business opportunity, one may simply advertise the affiliate link to get traffic and referrals.
This technique looks very simple, especially among the newbies. I have discussed it with a number of business people who agreed that this was their preferred method because the income is quick. Also they don’t have to worry about customer care and website maintenance.
This may be the easiest way to start making money with affiliate marketing. But if you asked me, I would advise you to put in a bit more work and gain more sales.
Why? If you are a regular reader of my articles, you will know that I am not a quick money supporter. My goal has always been in favor of building up a relationship. If you really want long term prosperity, you need to spend a lot of your time building something. Whether it is building a list, a network, a website or an association. What doesn’t strike me about this method is that you are transferring your hard earned traffic away, without taking the time to build anything for yourself.
Second approach – Building a list
A more profitable and smarter replacement to the first approach is to build your list at the same time. So, instead of sending YOUR traffic straight to your affiliated site, you use your own marketing effort in building a list FIRST, then promote other affiliated products LATER.
You can learn more about building a list here: How To Build A List?
The client list is often overlooked in companies and the self-employed. Yet, it should be the central part for the growth of your business. To learn how to create a customer file and why this valuable database can boost your business results.
It serves as a base (which you can import into different software packages) to improve the performance of your business. By gathering accurate data from your customers or prospects, you can refine your offers, build customer loyalty and define behavioral trends. For best results, you must have a client file that is updated regularly.
Know your customers better
A customer is not just an e-mail and a name. Your file will be there to gather all the necessary information on a client, to achieve your goals.
The data will be used to personalize your messages with a name or a first name, or to personalize your offers according to their needs, their budget and purchase path. Working with a file makes it possible not to work simply by feel.
Keep your customers loyal
Knowing your client well also helps to build loyalty.
Depending on the information collected, you may, for example, regularly offer additional products or services, additional discounts or gifts to activate a subscription again.
It is 5 times cheaper than finding new customers
Making more sales or reducing your un-subscription rate with your existing customers is a good way to get the most out of building your list.
There are many variances to this system.
The most common strategy is to create a squeeze page, give away some valuable freebies to attract people to opt-in.
An approach that I have been using for years, which works extremely well, is to offer the free eBook which you can see on the image below. It is totally un-intrusive and very informative. Click on the image to get it yourself.
An even smarter strategy is to create a product of your own, in your niche, then devise a massive launch around it, get other distributors to promote it for you, and you will promptly build a huge list that you can use at your convenience.
This will take a lot more time to set up such as compared to the first approach but you will be building yourself a list and a reputation in your niche. You can then build upon any success you have set for yourself and make more sales later. This a very popular method of how to make money with affiliate marketing.
But there is one significant downside to this approach.
Apart from your free gift or product, there is nothing much to show on your website. Once your visitors have got what they wanted, chances are very slim that they will come back to your website again at a later stage, on their own. The only way you may be able to keep a relationship with them is certainly by means of a newsletter. For example, a regular newsletter teaching your readers how to make money with affiliate marketing.
Third approach – Create a useful website
Now, the third way to make money with affiliate marketing is to build a useful website around your niche.
The easiest and most common way is to start a blog. You could build a list and then start a blog to update your list with useful tips and advise, promoting affiliate products at the same time.
Also, you could create a “service site” that provides useful online tools that people in your niche could use. This will seduce them to return to your website over and over.
One of my favorite methods is to create a content website or blog and post useful articles on a regular basis and in a particular niche. These quality articles will help me receive free and organic traffic from the search engines. The website will have several good products that I recommend and, of course, they will be products or services I am affiliated to.
How To Make Money With Affiliate Marketing
The inconvenience of this approach is, as you might have guessed, the time and effort needed to create and (for some) to regularly add quality content to the sites. But the benefits are evident. Once the initial traffic is created, you will most likely see endless traffic to your website and, as a reward, a steady affiliate income to your account.
Although this third way is my favorite way of making money with affiliate marketing, it may not be the best way for you. We know of many success stories in each of these approaches. You will have to test the different techniques to see which one you are most comfortable with.
I hope that this discussion will give you an idea of how to make money with affiliate marketing.
Thanks for reading
Now that you know how to make money with affiliate marketing, if you have any experience on the subject, we would love to hear from you. And, if you have any questions, please use the box below and I will respond as soon as possible. If you enjoyed this article please share it socially and leave a comment below, I will highly appreciate it!
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