Affiliate Marketing Tips and Strategies
There is no easy money and there are no magical tips in this article that will help you get rich overnight. So, if you’re after easy money then this article is not for you. So, can you really make money from affiliate programs? Well yes and no; there is money in affiliate marketing but if you can make money from it or not depends on a lot of other factors such as your commitment, experience, site traffic.
Affiliate Marketing Is a Marketing Practice.
Where business rewards affiliates for each visitor or customer brought about by the affiliate’s marketing efforts. Basically, you as a publisher will be rewarded when you help a business by promoting their products or services. So, for example, if you sign up for Amazon Affiliate Program and promote its program then you will get a commission when the visitor you send from your site makes a purchase. Affiliate marketing is probably one of the quickest and cheapest ways to start making money online as you don’t have to create any products yourself. You simply link up a buyer and a seller, and you take a commission on the sale that has been referred by you the publisher.
When You, Join an Affiliate Program
Choose the products that you want to sell, sellers will provide you with a unique affiliate code that you can use to refer traffic to the target site. Most affiliate programs will offer ready-made text links, banners and other forms of creative copies whereby you only must copy the code and place it on your website to start referring traffic. When interested visitors click on these links from your site they get redirected to the product site and if they purchase a product or subscribe to a service you as the referrer make a commission. The sellers can track your performance through your affiliate ID and the affiliate software that they use. You also have complete, real time access to all sales and commissions stats. You don’t need to sell products all the time to make a commission. Different affiliate programs can use different payment terms like.
Pay per Sale – The merchant pays you a percentage of the sale price when the purchase is completed.
Pay per Click – You get paid based on the number of visitors you redirect to the Merchant’s website from your affiliate site, whether a sale is made.
Pay per Lead – You get paid once the referred visitors provide their contact information on the target site by filling out a simple contact form.
Internet Marketing is Cost Effective: Marketing on the internet is cheap and you don’t have to worry about the production cost as the product is already developed by the seller. You don’t need a physical business location or hire employees either.
Global Market: Online marketing gives you the opportunity to reach people all over the world easily.
No Fees: You don’t need to pay anything to join affiliate programs.
No Storage No Shipping: You don’t need to worry about storage, packing or shipment of the product. They are all taken care of by the seller.
No customer support: You don’t need to provide any customer support or deal with consumer complaints as the Seller does that for you.
Passive income: A regular job can give you a fixed income if you continue to work. Depending on your marketing skill Affiliate marketing can create a steady flow of income even when you are not in front of your computer.
Work from home: If you, make enough money then you don’t have to worry about going to work at the same time every day or getting stuck in traffic. You can work in the comfort of your own home.
Only Choose a Handful of Good Products
affiliate register with too many affiliate programs and try to promote everything. Pursuing affiliate marketing down this path can become too overwhelming and you won’t be able to promote any product properly. All you need to be successful is a handful of good products to promote. Try to understand the market needs and look for products that align correctly with the topic of your site.
Use Several Traffic Sources to Promote
Products remember to use your social website to advertise with. Most affiliate marketers put up the ads only on their sites. But that there are many other traffic sources that you can tap into and promote the products simultaneously. The more targeted traffic you can send to the sales page the more your chances are of making money. Google AdWords can be used to drive targeted traffic to a sales page. You simply make an ad in your AdWords account then use your affiliate link in the target page URL of the ad.
Product Promotion Strategies
It is a very good idea to use different product promotion strategies so you can figure out what is working and what is not. Try to do split testing and measure the performance of each campaign then take actions accordingly. Changing a few things here and there can increase your profit dramatically. Make sure to place the banner ads on different areas of your site’s pages. Some positions will make the ads more noticeable than others.
Most Affiliate Programs Give Basic Stats
Affiliate program will give basic stats that you may need but there is nothing stopping you from using your own conversion tracking software too. There are many conversions tracking software out there that you can use to track your affiliate campaign.
Selling Products That Have Low Demand
If you try to sell a product that is in low demand then chances are that you are not going to get many sales no matter how hard you try. So, it is a good idea to spend a bit of time researching and finding out if a product that you are thinking of promoting is a product that your audience needs. If your site gets decent traffic then you can conduct an online survey and easily get input from your visitors.
Affiliate Marketing Is a Very Competitive Field
Affiliate marketing is a very competitive field and people are always coming up with new techniques. Try to stay current with these new techniques and market trends otherwise you will fall behind.
Promoting a Product
When you promote a product you also promote the person or the company who is behind the product so try to choose wisely. You don’t want your visitors to go and buy a product following your advice then come back unhappy. This can hurt your credibility in the long run. Usually, websites/company that offer good customer service will have better customer satisfaction so try to stick with promoting their products.