Put bluntly, if you want to make big money through affiliate marketing (e.g. $500,000 per year like Super Affiliate author Rosalind Gardner), you will have to work hard. Hard work alone won’t cut it though. You need to either be educated in SEO and web design or you need to be smart enough, and simultaneously humble enough, to learn from mistakes and make the most of them. Here is some insight into how others have made good money with affiliate marketing as well as insight into how you can do the same.
When you check out a Google search engine results page, you will see the organic search results on the left and adverts to the right. Google adverts also appear immediately above the search results, labeled ‘Sponsored’. These adverts are what Google refers to as its AdWords program: pay-per-click (PPC) adverts, where advertisers pay for every click made on the advert. They are listed in order of how much the advertiser offers to pay Google for the click – the more you are willing to pay, the closer to the top of Page #1 of the SERPs your ad will appear.
Of course you want affiliates with high commissions, but they should also have a solid reputation with high conversions and low reversal rates (you get $0 if people cancel after signing up). If they’re part of an affiliate marketplace like ShareASale or ClickBank you can see some numbers there. Companies likes Amazon/SiteGround are safe bets, otherwise do your research (or track your affiliate links so you can monitor their performance). Avoid affiliates offering huge commissions since this probably means they’re struggling to acquire/retain customers naturally. This will hurt your numbers (specifically your conversions/reversal rates).
This is an awesome post, and am very happy to have wandered across it – you really go into detail about your personal experience with Amazon’s program, and it is a hugely helpful story to hear. I’m thinking of monetizing through affiliate links at some point, and hearing about that generally in other blogs is kinda annoying. What I need to hear are specifics, even if the specifics won’t apply to my situation. What I need to hear is how real people actually go about doing something, and your post accomplished that. Bookmarked.
To break down the question “Is affiliate marketing worth the effort?” take a look at the efforts I’ve laid out, and determine for yourself. In order to be successful in affiliate marketing you’ll need to choose a product category to focus on, learn about your audience, build a website or blog audiences can trust, create LOTS of content, and promote your content and your product, and with the right trial and error, you could be well on your way to receiving those commission checks from happy brands earned by referring happy customers. In terms of regular maintenance you will need to keep up with the latest online marketing trends, promote your content regularly, and continue learning about how your product category of choice is developing in today’s modern age in order to remain a trusted resource on your chosen topic.
Affiliate Disclaimer – if you sign up for SiteGround using my affiliate link I will donate a good chunk at no cost to you. Each year I donate $3,000 to GoFundMe campaigns (2018 was to feed the hungry in Denver, 2017 was to Red Cross at Hurricane Harvey). Your support helps and I genuinely appreciate it. I try to make my reviews unbiased and backed by evidence in the form of Facebook polls, tweets, and real conversations. If you don’t want to use it, here’s a non-affiliate link to SiteGround. Either way, I suggest doing your research, see who Yoast uses, and results of people who migrated.
But the biggest factor that determines how much money you will make, is joining a training program that will help you success. It is very hard to expect success right away if you are a beginner and all alone. The best program that offers you the information, help, tools and support to succeed is Wealthy Affiliates. Some Wealthy Affiliate members are already making over $8000 a month after only 6 months of being a member.