How To Earn Money With Affiliate Marketing – Here’s 11 Ways
Since I’ve been a full time affiliate marketer since 2005 I talk to a lot of people about affiliate marketing. And other then people asking me how to earn money with affiliate marketing, people always ask how can they make the most amount of money as an affiliate marketer.
And that’s a very vaild question. As an affiliate marketer my goal is to make as much as possible, and I know we’ve never met, but I think it’s safe to say that’s your goal too.
So I thought I would share with you 11 ways that you can increase your affiliate income.
1) Promote Affiliate Programs That Have A Two Tier System
Promoting affiliate programs with two tier systems leverages your time and income. With a two tiered system you get paid a commission for everything you sell as well as a small percentage of every product someone sells in your downline.
Also by promoting the affiliate program itself you can build an army of sales people, thus getting paid from the work of others.
2) Promote Products/Services That Offer Higher Commissions
This sounds pretty obvious, but you would be surprised how many affiliates are promoting products with very low commissions. Personally I will not touch an affiliate product unless it has at least a 50% commission available.
You’re going to be devoting the same time and effort promoting your affiliate products it only makes sense to maximize your profits.
3) Provide Social Proof
What do I mean?
Provide case studies. People want to see results and if you can provide legitimate proof that a product or service works you will increase your sales.
You can provide testimonials, video proof and even before and after pictures.
4) Find The Right Affiliate Program To Promote
I know this sounds pretty basic but you would be surprised how many affiliates are promoting lousy programs.
Here are some of the important things to look for:
- Does the affiliate have a good (high) conversion rate? You can ask but the real way of finding out is testing yourself.
- Do they have good support? Test them out call or email them and check them out. It’s pretty simple; poor customer service means a poor program in my opinion.
- Sales content. Do they provide an assortment of great sales content? This would be emails, solo ads, articles, banners, classified ads and such.
- Training. Do they have training content, such as how to material and ideas on promoting their product.
- What’s the companies track record? That’s easy to do simply start searching on Google and play detective for an hour or so to find out.
5) Become Unique
Every quality affiliate program provides you with ads, emails, solo ads, articles and so on. A good affiliate marketer will take that material and make it her own.
The fastest way of getting your advertising ignored is by using the same thing everyone else is using. So change things up use that material as a template and make it your own, stand out from the crowd.
6) Track Your Sales
Yep it’s boring; however it’s a necessary evil of doing business online. If you don’t know what’s working and what’s not how are you going to know where to increase your efforts and get rid of the ones wasting your time and money.
7) Don’t Jump Around
I get emails all the time from people saying “I’m not making any money with this affiliate”. My response is how long have you been promoting the program? In many cases they say a few weeks. You’ll never have any real statistical data telling you if this is a winner or not just in two weeks.
You need to give it time; things do not happen over night so you need to be diligent and patient. Hopping from one program to another will only guarantee you one thing…Failure!!
8) Protect Your Commissions
Many affiliates have their commissions stolen on a regular basis and don’t even know it. Start hiding your links. There a many affiliate cloaking programs available. The best way is to buy a top tier domain name (.com) and do a re-direct with masking to hide your link.
9) Find Recurring Affiliate Programs
Start promoting membership programs also known as continuity programs. These programs can be found at Click Bank and Commission Junction just to name a few.
So instead of getting paid once on a sale, you will be paid a recurring commission from the affiliate for as long as that customer stays a member. This is a fantastic way to build a huge passive income.
The great thing is you’re not starting from scratch each month. You’re building on income from the previous month. Here’s my best recurring affiliate program.
10) Give People A Compelling Reason To Buy From YOU!!
Think about this for a second, why should I or anyone else buy through your affiliate link over the other guy, if you’re selling the exact same product at the exact same price?
It makes no difference to me if I bought the product through Joe blows affiliate link or yours. If I still end up with the product I want who cares where I get it from. Right?
But what if you gave me a Compelling Reason to purchase through your affiliate link instead of anyone else’s, what if you offered me more then the other guy?
You need to have something that will convince people to buy from you. Sounds like a great idea but what could you offer? There are a bunch of different things you could offer, for example;
Provide a free product, offer a free additional special report, offer your time and provide free mentoring, coaching or support.
You could purchase a PLR (private label rights) product that complements your affiliate product and give that product as an added bonus.
Now you’re not doing what every other affiliate marketer is doing. You’re standing out from the crowd.
11) Build Your Mailing List
Building a mailing list is a long term marketing approach, but a very sound one. By having a mailing list you have a better opportunity to build a relationship with people. And once people know, like and trust you they will buy from you and do so over and over again.
So you want to build your mailing list at every opportunity. So this means having some sort of lead magnet visible (optin offer) on your website.
Remember it’s not one big thing that’s going to increase your affiliate commissions it’s a lot of little things that produce those BIG commission checks.
I hope you found this information helpful. If so, feel free to share it with your audience, and if you have any questions or comments please leave them below.
And as always if you need a hand with anyhting you can email me anytime.
I believe in you!!