Tiptopcat, I am very grateful for your insight and constructive criticism on my niche sites, and I will gladly take them on board. I actually am not too happy with my Mens Wrist Watches site, I too think it’s somewhat all over the place. I am also thinking about revamping my Beach Decor site. But that is a major project for me, so it might take time. Thanks again though for letting me know what I can improve on.
I agree with you that the most important thing you can do at the start of your affiliate marketing career is to work out your WHY? Affiliate marketing is actually hard, hard work – especially in the beginning when you have no traffic and no followers. If you can’t figure out why you should be spending hour after hour on this “hobby” then it will never grow into a full-time income producing business. There is lots of great advice here for people getting started and people looking to get extra sales and give their career the extra boost they are searching for. Cheers
The affiliate marketing industry is growing steadily. An independent survey commissioned by Rakuten Affiliate Network found that affiliate marketing is set to reach $6.8 billion by 2020. Ninety percent of advertisers included in the survey said that affiliate programs were important or very important to their overall marketing strategy, with the majority of publishers reporting that affiliate partnerships drove more than 20% of annual revenue.
Jason – so happy to hear the tutorial is helping! Affiliate marketing was a huge break for me and I’m sure it can be for your son too. Whatever products/services he ends up selling, just make sure he is excited about the industry he is – it takes a long of time creating content and it will keep him motivated especially when he gets his first sales.
Some of the opportunity in this niche is going to be referring people to luxury brands that have higher order values than we might see on Amazon. I can’t disclose the person or the site, but one of my colleagues is in one of these niches and reported significant revenue increases from testing other affiliate programs against Amazon–before Amazongeddon.
Another survey from VigLink offers a closer look at just how much income affiliate marketers are bringing in. According to the survey, 9% generated more than $50,000 in affiliate income in 2016. The majority, 65%, said they were making between 5% and 20% of their annual revenue from affiliate programs. The survey also showed a link between timeframe and revenues. Among the publishers with the largest revenues, 60% had been utilizing affiliate-marketing strategies for five years or more.
You’ll make more money in a niche topic than you will on a general topic for two reasons. First, you’ll be speaking to enthusiasts, people who live and breath the issue you are dealing with. They will be interested in what you have to write and in what you have to sell because it fits into a topic that they already care about and because you are promoting high-quality, expert content. Marketing to them will simply be easier.
Next, research individual affiliate programs to compare their structure. You want to consider factors such as how much the commission is and how often the affiliate pays. Also, make sure you understand what rules, if any, a company imposes for being a part of its affiliate program. Additionally, you're likely to make more money with affiliate marketing content that is similar to your own.
Never use AdSense on your affiliate marketing pages. You will potentially earn much more from a click on an affiliate link than on an advert. If you publish any clickable link on a page also containing a link to an affiliate pre sales or sales page, then you are diluting your potential income from that page. Why pass up the chance of a $47 sale to get a 20 cent click on an AdSense ad? That is not an exaggeration, yet some people do that!
Anyone can become an affiliate marketer. It requires little or no start-up costs as you won’t be involved in the creation of the product. You will have nothing to do with the shipping or the customer service, don’t need to buy any inventory, and can instead focus on what you do best – selling the product or service. You may have to spend a little on the web hosting and domain name, but that’s not really much.