Coupon sites: If you're offering a new product or service that isn't popular in the marketplace, you might try creating an affiliate partnership with a coupon site for a limited time. While you don't want to lose money by giving your product away at a discount, it could be effective at getting some first-time buyers to check out your website and become brand advocates.
If you believe your blog readers or website visitors are interested in exploring web hosting platforms (for instance, if you write content for freelancers), this could be a good option to explore. Best of all, the company promotes eco-friendly alternatives, so you can feel good knowing you're spreading a positive, "green message" to your site visitors.
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
Creating blog content is a very useful and effective way of consistently building content on a site. When creating blog posts, it's a good idea to do some keyword research to figure out what it is that your audience is interested in and searching for online. Also, be sure to research competitors, forums and social media to narrow down on topics for your blog.
The General Data Protection Regulation (GDPR), which took effect on May 25, 2018, is a set of regulations governing the use of personal data across the EU. This is forcing some affiliates to obtain user data through opt-in consent (updated privacy policies and cookie notices), even if they are not located in the European Union. This new regulation should also remind you to follow FTC guidelines and clearly disclose that you receive affiliate commissions from your recommendations.
PeerFly only has a limited number of products at the moment, but they have tremendous momentum and are growing by leaps and bounds. Their payout rates aren’t spectacular, but everything is upfront and transparent, and affiliate satisfaction is very high. PeerFly is perfect for authentic marketers who want to offer high-quality products to their visitors as opposed to “get rich quick” schemes and opaque offers.
Affiliate marketing is and always will be a brilliant business model. Where I think it really has power is when you market products you use and love yourself. When you become a true ambassador for a product that you use yourself, the buyer can tell this, and they are far more likely to buy from you, as opposed to someone trying to sell something through an affiliate link simply for the reason of trying to make money.
Awesome article! This is jam packed with great info. I am just starting a personal finance blog with my fiance and we were a little confused about how to start monetizing. We were initially thinking about using Google AdSense but between this post and another blog I read I am surely convinced that’s not the correct route. I’m really happy you have shared this information because it’s provided an excellent starting point for creating income.
To make money from affiliate marketing, you need to ascertain that the product has a high demand. No matter how much efforts you make, you might make little or no sales, it totally depends on the demand of the product. You need to know if it is what your audience really needs. If you manage to get a reasonable amount of traffic on your site, then you can run a small online survey to get input from visitors.
Hi Russell, yes of course. Millions of affiliate marketers promote “make money online” products when they’re not earning themselves (by pretending they are!) There are numerous products that are rather interesting, and there are also some scam products to avoid. If you need any help in starting up, don’t hesitate to get back to me any time. Thanks for your comment.
Hi Maurizio, thanks for your comment. Great to hear that my posts have helped. I’m not sure if trying to earn income as an affiliate “while setting up a drop shipping business” will be the best option though… It takes time to get either of the two going, and trying to do both might simply cause to delay, I’d rather focus on setting up a drop shipping business first. But that’s my personal opinion. Any thoughts or questions, I’ll always welcome, thank you so much, and good luck!
Hi Ray, I enjoy receiving your emails but I never thought you were sending anything with spammy content. How did you change it and what are you trying to be careful of? Is it just the products you promote in your emails? Some of them are too expensive to consider if I’m honest with you. But I always learn something from you about internet marketing. Thanks, and keep up with good job.
There’s a good reason why ClickBank is still a strong contender, however it does tend to focus more on digital products which may be of questionable quality. Yes, the review process is more professional these days, but it’s still primarily focused on selling digital products, especially “how to make money” courses and the like. That being said, there are some genuinely high-quality products on offer, and few affiliate programs are bigger than ClickBank, especially in selling (primarily digital) books.
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.
Review sites: If you offer a product or service that is more expensive or niche, it's likely that most of your buyers need to conduct research on that topic before purchasing — if that's the case, it might be a good idea to research the top review sites related to your product or service, and reach out to the business or writer who published the piece, asking whether they'd be interested in providing an affiliate link to your product or service in the text.