How To Make Money From Affiliate Marketing

How To Make Money From Affiliate Marketing - liberty OnDemand - money - marketing - earn money online

Want more income? If you have an online presence in the form of a website / blog or social media, you might want to monetize it. But you have no idea where to start? Then this article is for you, because today we like to introduce you to one of the most popular ways to earn money online, affiliate marketing.

With affiliate marketing you will have many different opportunities to build a business. And it is possible to do this and earn a good living from it. Of Course you still have to put in the necessary work and effort, and be able to build an online business around it in order to benefit from it.

Affiliate marketing what it is and how it works

Affiliate marketing can be explained in a very easy way. It basically is a system in which you, the affiliate, is responsible for promoting and advertising a product or service in exchange for a commission for each sale that is made. Companies that offer an affiliate program want to increase their sales, they do this by giving participants in the program a benefit in the form of a commission, for each sale they make.

In most affiliate programs you will get an unique link or code which you can then use to promote the product. Often the sales are tracked by cookies, thus being able to know who is responsible for the sale and can get the commission. Commissions can vary from 2% to 50% in some cases, of the sales price.

Amazon's affiliate program is probably one of the oldest, though affiliate marketing is all over the internet and has exploded even more with YouTube, Instagram, twitter and so on.

ALSO READ: 5 Tips On How To Manage My Business To Grow It

What are the different types of affiliate marketing?

The most common affiliate marketing type can be divided in the following:

CPC, which stands for Cost per Click, in the type of affiliate marketing the affiliate gets paid each time a user is clicking on a banner or popup and directs him to the place where the conversion has to take place.

CPM, which stands for Cost per Mille, is a very common type of advertising that is also used by most ads that you see from google. It means that you will get paid on a fixed price per 1000 views. The price heavenly depends on the niche you are in, with insurance being on top, a CPM of 50 USD isn't unheard of.

CPA, which means Cost per Action, is probably one of the most used types of affiliate marketing, this is due to the fact that impressions and clicks are not as rewarding as actual conversions in which the product promoter earns money. An action is mostly a sale, but can also be a subscription or a download. It's more difficult to do this type of marketing, but the rewards are often much higher.

Another great advantage of affiliate marketing is the fact that you are not limited to only one affiliate program or product. You can sign up for multiple affiliate networks and choose multiple different products and brands to promote. That being possible opens the opportunity to make a living from affiliate marketing, thus being so widely used on the internet.

Where to find affiliate programs

The best place to probably start doing affiliate marketing is by signing up on affiliate networks, like Commission Junky, TradeTracker, Awin or Amazon. Impact is also growing with brands like Walmart and eBay under their belt. Another way is to search google and find website that offer a program, they will often have a page that explains how to sign up for the program. This often leads to higher commissions, as you can remove the third party that also wants a commission.

Be prepared

Just like any business model, it can take time to grow an audience and build your business. You can't just go out there and spam your affiliate link all over the place. First you would not look like a professional at all and nobody would trust you and your links. If you want to sell something you first have to build trust with you customers. So, be prepared to have to put in allot of work first and build you audience.

Also interesting: 6 Ways to Think Like a Millionaire

Build an Email list

A very common and powerful strategy that is being used to promote affiliate products is building an email list. This way you can share relevant products and other content with your subscribers instantaneously and often free of charge. It takes time, and often some capital to build a list, but once you have it, you will benefit from it greatly.

Now that you know what affiliate marketing is, it is time for you to go out there and start making those sweet commissions, but before you go, why not try this Free Affiliate Marketing Quiz to test your new knowledge? Interested in the quiz? Click here:

Good luck, and if you have any questions, please dont hesitate to write them in the comments below.

Similar posts:

About the author:

Hello, my name is Ron Hoekstra and I am the founder of The Liberty OnDemand. I hope you like my content, and if you want to know more about me, please read more here or subscribe to my newsletter where I will keep you up to date with new posts and other useful content.

Thank you!