Amazon Associates is one of the first online affiliate marketing programs and was launched in 1996. The Amazon Associates program has a more than 12 year track record of developing solutions to help website owners, Web developers, and Amazon sellers make money by advertising millions of new and used products from Amazon.com and its subsidiaries, such as Endless.com and SmallParts.com. When website owners and bloggers who are Associates create links and customers click through those links and buy products from Amazon, they earn referral fees. It’s free to join and easy to use.
Many new affiliate marketers like to use the Amazon Associates Affiliate Program as their first way to start earning a living online. This is actually a great choice! Amazon is trusted by almost everyone and most people you refer to Amazon will already have an account on Amazon. This lowers the barrier to a sale. Many affiliate marketers earn a full-time living just by using the Amazon Associates affiliate program, but it has to be done right. Here are some tips and tricks to earning substantial earnings using the Amazon Associates Program.
The fact that they sell anything means anyone can make money with affiliate marketing. You can make money selling to people who are into teapots, doll collecting or expensive watches. There are so many products to promote, the possibilities are endless here. The second important reason to sell with Amazon when you’re a beginner is that Amazon is a trusted brand; it’s a brand that is known worldwide. Just about any American has ordered one thing or another through Amazon by now. The fact that it’s a known and trusted brand is important if you’re looking to learn and not worry if you will get screwed over. Amazon’s terms for sale are really good, too. If you send someone to Amazon and they purchase a product right away, you’ll get paid the commission. If the customer doesn’t buy right away, you will have 24 hours to make money off a sale. And, if a customer adds the product to their cart, they have 30 days to purchase it for you to make a commission off the sale. Once again, that’s fantastic.
Affiliate marketing pulls together marketers who want to advertise and publishers, sometimes called influencers, who want to promote products and services and get paid to do so. Publishers place customized links to things they want to promote within their website or social media content. Then, they get a portion of the sales as a thank you for their promotion.
Be patient. Finally, affiliate marketing rarely leads to overnight success. Instead, it usually requires a lot of time and effort to slowly generate traffic and build an audience. This is especially true if you’re starting with a new or low-traffic site. It’s essential that you don’t expect quick results, and are ready to put in the work needed to grow your site and commissions.
It’s also an incredibly low-risk marketing strategy with a high ROI. Most other promotional channels require some kind of payment upfront and there’s a chance that it may not work. In these cases, you’ve lost some precious marketing budget and not gained anything in return. However, with affiliate marketing, you’re only charged once a sale is confirmed. You can define the payment terms as 60 or 90 days to allow for refunds or processing issues. An affiliate agency will generally charge a nominal amount to cover overhead and then leverage their relationships to build your affiliate network. This format protects both parties cash flow and ensures you’ve already received the money from the customer before you have to pay the affiliate. It’s a performance-based method that rewards top-performing affiliates who refer genuine customers.
I did a lot of research to find the right one, and so I chose Making Sense of Affiliate Marketing by Michelle Schroeder-Gardner (as I mentioned earlier). I figured it made sense to learn from the best, and with a 30 day satisfaction guarantee, I had nothing to lose. I chat WAY more in-depth about it in my review here, but this course was definitely a gamechanger for me.
The dollar amount of commissions an affiliate has to accrue before being paid. Some merchants set a minimum payment threshold themselves (to lower accounting costs by paying less frequently to people sending very few sales) while others allow the affiliate to do so (usually to avoid receiving frequent smaller checks and instead receive one larger one).
Hey Jan, glad it made you think. As you've found out it's not easy to rank #1 on Google especially when so few people will link to your product reviews. You need to tackle a specific niche with a focused target audience as a whole and build a community of like minded people around your site in order to make any significant income online sustainably and for the long term.
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And what about joining another company's affiliate program? It's all about extra revenue. Think about your customers' needs: What other products or services would interest your site visitors? Join those affiliate programs. Affiliate programs can increase your sales with no upfront cost to you. It just takes a little time to plan your strategy and select the partners that will have the greatest impact on your business.