Wondering how to make money with your blog?
There are many different ways to make some serious money with your blog.
Among all the other options, affiliate marketing is one of the easiest and best blog monetization methods for new bloggers and for those who prefer something easy to start and hands-off.
Even if your blog doesn’t have a huge amount of traffic yet, you can still make pretty sum with affiliate marketing if done correctly.
And the best part is you’re building a passive income stream.
Who doesn’t like the idea of the 4-Hour Workweek?
Waking up every morning with a screen like this:
The hard part is it’s not going to happen overnight.
Just like any other business, it takes time, effort and strategy to see results.
In the beginning, you’ll need to put in some upfront works to build this income stream. Then, the money would keep coming in days, weeks and months, even years after you put in all that effort.
What is Affiliate Marketing?
Affiliate marketing is the process of generating an income by promoting and recommending other people’s (or company’s) product or service.
It’s based on the concept of revenue sharing. When you help another company generate sales by promoting it to your audience, you’ll get a cut!
Basically, affiliate marketing is a relationship between 4 main parties:
(i) The Merchant: Also known as the advertiser, the retailer, the creator or the seller. Or it can be anyone who has a product to sell. This is the party who is ready to pay other people to help promote and sell their product or service.
(ii) The Network: This party works as an intermediary between the merchant and the publisher. They provide a platform, technology and expertize to accommodate both parties needs.
(iii) The publisher: Also known as the affiliate, the content creator or blogger. An affiliate will select one or multiple products to promote on their blog and get rewards with a commission.
(iv) The Customer: Customer is the most important component in affiliate marketing. No sale= no profit= no commission.
Here’s how affiliate marketing works
- You’ll sign up an affiliate program – it can be another online business or an affiliate network.
- Choose the product or service that you like to promote on your blog
- You’ll be given a unique affiliate tracking link that is used to drive the traffic to the seller’s products. Usually, sellers will provide text link banners and other creative material too.
- You can then place this link within your content such as in a blog post or link to a banner.
- When one of the visitors clicks on that link and make a purchase at the merchant’s site, you’ll earn a commission.
Note: Customer won’t pay a higher price if they buy through your affiliate link since the cost of the affiliate network is already included in the retail price.
How do you get paid?
Different affiliate programs offer different percentage commissions.
As an affiliate, you are paid for results.
For example, you can get paid a commission when someone clicks your affiliate link regardless if they make a purchase. While some companies pay a fixed commission for every action taken like visitors complete a short survey, enter their email address, install an app and many others. Most of the time, companies will pay you when someone clicks your link and make a purchase within a certain amount of time.
For example, if you join an affiliate program that uses a “60-day cookie”, you’re entitled to get a commission if your visitor makes a purchase within 60 days period.
Affiliate Marketing is Awesome!
- You don’t have to create your own product
- No inventory and shipping required
- You can work from anywhere as long as there’s Internet connection
- You’re earning passive income
- It costs low to start. What it required most here is your time.
Earning an affiliate income is almost too easy. All you have to do is drive traffic through the specific affiliate link to the product’s page and that’s it.
However, there obviously are unscrupulous marketers and influencers who try to take advantage. Abusing the powers, promoting products and services primarily for the commission and many others.
Regardless of what you might have heard, you can actually help your audience and make money with affiliate marketing when done the right way.
To achieve long-term success in affiliate marketing, here are 3 things that you need to keep in mind:
- Only promote products or services relevant to your market.
- Only promote products you’ve personally used. If not, make sure that you only promote products that you’re confident in.
- Always include a disclaimer or disclosure on your website, to inform your readers that you’ll receive commissions if they purchase through your affiliate links.
Can You Put Affiliate Links on a WordPress Blog?
WordPress is available to bloggers in two forms:
- Hosted version:it’s available for free at WordPress.com.
- Self-hosted version:This software is available for free at WordPress.org but you must install it on a separate web host.
The free blogging platform (like WordPress.com, Blogger or Wix) is intended mainly for personal and non-profit use. And thus, if you’re using a free host for affiliate marketing, make sure you comply with your host’s Terms and Conditions. If your blog is found to violate their terms of service, your host has the power to delete your entire site without warning.
On the other hand, with a self-hosted blog, you will have full control and authority over your blog. You can do whatever you want with your website and customize it as much as you wish. And use affiliate links at your own disclosure.
If you’re serious about monetizing your blog, you’ll need to have the best Host for WordPress blog.
Best Affiliate Networks for New Bloggers
So, by now you should understand what affiliate marketing is all about and how it works generally.
Let’s get started.
The first thing you need to do is find the right affiliate networks to work with.
If you’re just starting out with affiliate marketing, I would recommend you start working with large affiliate networks.
The most amazing aspect of affiliate network is that it offers a database of lots of products, from over hundreds to thousands of companies, which you can choose to promote.
You can also track all your payments from multiple different merchants all in one place. It will save you loads of time (trust me). Plus, it much easier to hit the minimum threshold for payout when you accumulate your commission all in one single account.
Of course, not all merchants join affiliate networks, you might need to do some research in your niche. And certain companies are only available in specific affiliate networks, so you’ll need to join a couple affiliate networks to get started.
There are many reliable and popular networks in the market. click here for BEST 10 AFFILIATE NETWORKS AND PROGRAMS 2019Share