How To Make Money At Affiliate Marketing – 5 Simple Steps
I’ve been making a full time income online as an affiliate marketer since 2005 and I think there’s not a day that goes by that I don’t get asked how to make money at affiliate marketing?
And I always reply with the same answer. All it takes is 5 simple steps. So today I thought let’s go over these 5 simple steps for building a successful online affiliate marketing business.
1) Start With An Interest
What are you interested in? What’s your passion? What’s your hobby? Think about it. I know there’s something that gets you excited when you talk about it.
And it’s this passion/excitement that you’re going to build your business around.
For example let’s say you’re into remote control cars. You love playing with them, you love talking about them and you like the community of other people that are into remote control cars as much as you are.
You can easily build a very successful affiliate marketing business around your love of remote control cars.
And it’s just not remote control cars that you can build an affiliate marketing business around, there are millions of different ideas you can tap into.
Currently there are over 3.75 billion people online. So it makes no difference which idea you have, you can build a very successful online business.
Don’t Make This Mistake
One of the more common mistakes budding affiliate marketers make is jumping into niches (a niche is a market) because the affiliate commissions are larger.
Yeah it sounds like a good idea on the surface but in the long run it’s a recipe for failure. And the reason is that you’re going to be in your niche for a long time and that means you’re going to be talking about every aspect of your niche for a long time.
Well if you got into a niche just because the commissions were big, but you really didn’t have much interest about this niche beyond that. How long do you think it will take before you lose interest in this niche regardless of how big the commission are?
I don’t think I have to answer that. So: Start With A Hobby Or Passion
2) You Need A Website
Every online business needs a presents and that presents is your website. Just like a brick and mortar business it starts with a solid foundation. Well your website is the foundation of your online business.
Think of it as your store front. All your revenue is going to be generated as a result of your website. This is where you’re going to hang out your shingle and advertise to the world you’re in business.
Now I know many people freak out when they hear they have to build a website and yes in the past it use to be a big undertaking to build a website – but NOT anymore.
With zero technical knowhow and using the free web builder provided by wealthy affiliate you can have a beautiful fully functioning website up and running in less than 30 seconds. Watch the video below to see the wealthy affiliate web builder in action.
3) Traffic – Attracting Visitors
Every business needs traffic and your business is no different. It’s pretty simple with no visitors you have no business.
So how to you generate traffic?
Well you have 2 options.
Option 1: You can generate traffic using free methods; this is known as organic traffic. The most effective method of creating free traffic is by content creation.
What I’m doing now is content creation. I’m writing a post on my site that has a good chance of ranking on the first page in the search engines under the title of my post.
So now when people do a search in the search engines (Google, Yahoo, Bing) using the term “How To Make Money At Affiliate Marketing” my post will appear in the search results, people will then click on the link and end up here at my site.
Now it does take time for free traffic to develop but it is by far the most sustainable and long term traffic you can create.
Option 2: Paid traffic. This is also known as PPC (pay per click). With PPC you can have traffic coming to your site in a matter of hours. But there is a risk using PPC and that risk is your money.
There is a learning curve when it comes to PPC and most people don’t want to risk the money. And I agree. Doing PPC right out of the gate when you have no experience online is very risky it’s best to learn the basics and build on that foundation of reliable traffic using content creation first.
Once you understand how to generate traffic and then capitalize on the traffic that comes to your site. You can build and grow a very successful business in any “niche” you’re interested in.
And wealthy affiliate’s free training goes into great detail of how to do very effective content creation to generate that traffic. And when you’re ready they also have training using PPC.
4) Making Money – The Best Part
Once you have your site set up and you’re getting traffic you’re going to earn revenue doing affiliate marketing through what are called “Affiliate Programs”. These programs are completely free.
Now if you’re familiar with what affiliate marketing is let me quickly explain.
Simple put, affiliate marketing is where you get rewarded (commission) for promoting a company’s product or service.
And there thousands upon thousands of companies with affiliate programs looking for someone like you to promote their products.
And as I mentioned these programs are free to join, but the other advantages of being an affiliate marketer are:
- You don’t have to deal with any customers
- You don’t need a payment processor
- You don’t have to deal with any refunds or returns
- You don’t need to buy or carry any inventory
- You don’t have to deal with shipping any product
- You can run your business from anywhere in the world
- And because you’re online your business runs 24/7
And the biggest advantage of being an affiliate marketer is you don’t have to sell anything.
All you do is provide people with great information about the product or service related to your niche and direct them to your affiliate’s website like Amazon and they do the rest for you.
And It Just Keeps Getting Better
The growth of online spending has been increasing steadily each and every year. Last year alone the affiliate marketing industry generated over $3.4 billon in sales and with this constant growth comes more and more opportunities for affiliate marketers.
5) Don’t Go It Alone
The biggest mistake you can make if you want to succeed at affiliate marketing is trying to go it alone. As much as I love the internet I hate it as well.
And the hate part is because it’s full of scams and so-call gurus just waiting to take your money and give you absolutly NOTHING in return.
If you’ve read other posts I’ve done you can see I’ve exposed my fair share of scam programs and vulture gurus.
Not only are there scams but there’s a TON of mis-information. Information that’s going to slow down your success or derail it all together.
Look if you’re serious about building a successful affiliate marketing business the best place for you to gather the most up to date training, information, tools, resources and support if through Wealthy Affiliate.
Since 2012 I’ve been partnered with wealthy affiliate and along with their resourceses I’ve been helping people build their own thriving online affiliate marketing businesses and it’s something that I’m very proud of. And wealthy affiliate is more than just a program or a service.
It’s the premier online business community that’s specifically designed to give beginners and advanced marketers alike step-by-step instructions on how to build a thriving online affiliate marketing business.
Absolutely everything about your learning experience is live and interactive. So no matter if you’re just starting out or have some online experience all the training is broken down into easy to follow actionable steps that you go through at your own pace.
I’m in wealthy affiliate every single day helping fellow members in every area of their business. And I’ll be there for you every step of the way as well.
You can check out everything wealthy affiliate has to offer for free. You’ll be inside in a matter seconds with just an email address and a password. No credit card or payment information of any kind is needed to sign up.
You can meet the community, and you and I can start working on your business right away!!
I hope you found this post helpful – feel free to share it with your audience, and if you have any questions or comments please leave them below.
I believe in you!