Three Things You Need to Know To Make Money with Affiliate Marketers
Have you been wanting to learn more about affiliate marketing so that you can start making money with it? We're here to help! With this blog post, we'll cover three helpful tips and tricks that will help you get started in affiliate marketing.
First let's talk about what affiliate marketing is: simply put, it's a type of advertising where a company pays affiliates to sell or promote their product or services. When the sale is made through an affiliate, the company will typically pay the affiliate a percentage of what they charged for the sale. For example, if the company you're working with is charging $20 for their product or service, they may pay you $0.50 (or some other percentage) of that.
There are a lot of companies that use affiliate marketers to promote their products on a large scale; anything from e-books and software to cell phones and clothing can be promoted using this marketing form. There's also a lot of money to be made in affiliate marketing, which is why it's become so popular.
Now, let's talk about how to learn affiliate marketing.
Step 1: An Introduction to Affiliate Marketing Basics
First, we want you to understand affiliate marketing basics before we get into the three crucial things you need to know. To start with, you'll want to understand the different types of affiliate programs that are available. The most common types of affiliate programs are tiered and standard. Tiered programs have a varying amount of money that affiliates can make depending on the amount they sell. The pay scales based on your total amount sold (or what they call "MFP" or monthly finding progress). For instance, if an affiliate has sold $100 in a month, they will make more money than someone who has only sold $50.
Step 2: Signing Up for Affiliate Programs
Another important thing to know is how to sign up for an affiliate program. This can be done by registering an account with the company you want to work with. Then, you will have to create a website or blog where you want your readers to go and make the sales (these are referred to as "landing pages"). Once that is set up and running, you can then go on with your normal marketing activities.
Step 3: Providing Value to Your Affiliate Marketers
The most important part of this process is to ensure that you're providing value to your affiliates. This is where you will want to learn about how affiliate marketing works. In a nutshell, it's what you can offer that helps your advertiser create more sales. If a company is selling toothpaste, for example, they may have a video on their page or perhaps a piece of content that relates to toothpaste (for example, check out the video below and watch it!). In this case, the website visitor will click on the link or go to the page and be taken to another page where they'll see all of the things related to toothpaste like reviews and images.
Step 4: Understanding Your Compensation
Knowing how much you can make from an affiliate marketing program is important to know. The most common is commission per sale. This will determine how much money an affiliate can make and how that money is calculated. In the example above, let's say a company sells toothpaste for $8 a tube (that's 8 cents per tube). So, if the visitor buys one tube at $8, that would be $0.08 (an affiliate commission of 8% of $0.08 = .08 cents).
Other than that, there's also revenue sharing and residual income programs where you get paid based on their sales over time. These are also common and you'll also want to find out how they work.
Step 5: Learning How to Increase Your Sales
This is where it gets easy – learning how to increase your sales. There are a few things you can do besides the basics of affiliate marketing, such as creating content that could be valuable for your audience, even if it isn't related to what you're selling (for instance, see this article on creating content that is useful for people who aren't interested in what you're selling). You can also use E-mails and newsletters. These will help your readers stay updated on new content and information that is related to whatever products or services your company offers.
You can also create a newsletter that provides value to your readers – this doesn't have to be directly related to the company you're working with. For example, if you're selling insurance, you may want to use your newsletter to provide valuable information about health and fitness tips.
These are just a few of the many things you can do. You'll want to find out what works best for your target market and then make that work for you.
Step 6: Promoting Your Affiliate Program Online & Offline
If you have a website or blog, we recommend promoting your affiliate program online. This is done through ads – you can either have an ad in your blog or you can place links in your blog post that will take the reader to an affiliate program. This can look something like this:
For more information on how to do this, click here.
Out of all of these methods, this is the most common and easiest way to promote your program for your affiliates. However, there are other ways to promote it offline as well. You'll want to make sure that you let people know about the benefits of working with you so they know what they're getting into when they decide to buy through you as a marketer for that company.
Step 7: Your Turn…
These are the things you need to know about affiliate marketing and what you can do to promote your affiliate program.
Now, it's your turn. We want you to share with our audience what things you've learned about affiliate marketing. Tell us about the programs that work for you, how you make money, and what challenges are most important in understanding this process. We're sure there will be lots of comments and questions so we'll be here to answer them as well.
And if you're looking for more information on affiliate marketing so that you can see if it would be a good fit for your company, feel free to reach out to us at any time. We're here to help you.
Related Articles:
Link: http://www.marketingmasterminds.com/affiliate-marketing/the-working-man's-guide-to-affiliate-programs/
By Mohamad Awwad, Operations Manager at marketingmasterminds.com LLC, the leading resource for affiliates and beginners to affiliate marketing and social media marketing in the world wide web (Facebook, Linkdin, Instagram & Email Newsletter).
For more affiliate marketing tips and strategies please visit our website http://www.marketingmasterminds.com or our blog which we update every day with new resources for affiliates in the market below: http://blog.
Conclusion
Affiliate marketing is a great way to make some money, but if you want to really get good at it you need to focus on a few key aspects. Don't be fooled into thinking that just because something is a little more complicated and more time consuming, that it's going to be worth less money.
Just as you would focus on your job as an affiliate marketer, you need to focus on the things that will help you reach your goals faster and make the most amount of money possible. If you have an audience of website visitors who are looking for exactly what your company offers, there's no reason why you should spend the time doing other things that don't bring in any money or actually detract from your income.