This is the standard affiliate marketing structure. In this program, the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies. In other words, the affiliate must actually get the investor to invest in the product before they are compensated.
You need to choose a web host: Most people worry about web hosting and whether or not their choice is going to be good enough for their site. However, in most cases, beginner bloggers do not actually need expensive web hosts or web hosting plans. Shared hosting will do for you so you should go for that. I have previously covered a lot of the web hosts that can be found out there. Some of the best are Bluehost, DreamHost and HostGator. You can choose any of these for your site. For beginners, hosting packages cost as little as $3 per month. On top of that, you get a free domain for the first year.
Thats a great point, and I’ve definitely seen my fair share of those “how to start a blog” posts. That’s always been a good fit for people at Location 180, and if they do a good job on the post (truly make it useful) that’s one that doesnt bother me as much – solely because I know how valuable starting a blog can be for your life and goals. So if it’s some personal finance blogger that creates one and you start a blog from that by following their tutorial – all the better!
Products are now put in a category. The commission will be based on the category each product has been placed in whether or not the category is correct. For instance, I had a sale for a child riding toy tractor. Instead of it being in toys category which would have only earned me 3%, it was actually placed in lawn and garden category which I then actually earned 8% instead.
The formula for affiliate marketing remains relatively constant no matter what your market or niche. Your main task will always be traffic generation (i.e. driving prospects to the merchant’s website via your unique “affiliate” link). If you don't have any money you can get started by finding ways to get free traffic to your website, including blogging, guest posting on other websites, and posting to social media sites like Facebook, Instagram, etc.
I have yet to implement all the tools you have shared and recommended in this article, but I really like the way you explain things. It is written in a very easy-to-read style, and ho hype or exaggerated comments. Now I have to get busy and take the necessary time to study, and implement, your recommendations. Thank you for all that you have shared.
It would be remiss to talk of Affiliate Marketing solely from the point of view of the affiliate. In fact, affiliate marketing begins with the merchant. He is actually the one who comes up with the product or service. Anyway, if you are a merchant and you are looking to get started with Affiliate Marketing, don’t hesitate to check out this article in which I cover the topic. However, there are a few things that I can mention here;
Hey Karen, thanks for reaching out! You’d first have to get the small businesses to join a network like CJ, Shareasale, or Impact Radius. Once they are considered an affiliate merchant, you can find them in the platform and join their affiliate program. I don’t typically recommend affiliate for small businesses or artists, as you need a good amount of traffic to make any money. To make money quickly, I’d start by developing a website based on your expertise and personal brand, and selling a high-end consulting service to B2B clients. Feel free to check out my start here page or email course to get the details :). Thanks again for reaching out and hope to talk to you soon.
Vendors engage the services of affiliates to do marketing of the product on their behalf. But how do vendors and affiliates meet? Well, vendors can engage affiliates directly to sell their products and services. Another option is for vendors to join affiliate networks. These are companies whose sole purpose is to serve as the meeting place for vendors and affiliates. The advantage of an affiliate network is that a vendor can find thousands of relevant affiliates there without having to run around looking for them all over the internet.
The reason you need to understand this before you learn how to start affiliate marketing is because you need to choose your interest (or interests) wisely. You’ll be spending a lot of time researching and writing about your chosen topics, and so they need to be something you’re passionate about, not just something you think is popular and will get you a lot of traffic. You may be right, but you’ll quickly burn out as you either run out of things to say or you begin to hate your topic instead.