The truth is much more complicated. It’s true that affiliate programs can be sources of phantom revenue and off-brand promotion. But managed properly, they can also make up 5-15 percent of online revenue and have an ROI among the highest of any online channel. CMOs are realizing that affiliate marketing can be an important part of their arsenal and are integrating the channel into their overall marketing strategies.
Affiliate marketing can be a big source of revenue. The key to maximizing your affiliate earnings is to provide additional value and to engage your readers. Unlike traditional ads where you are paid for impressions or clicks, affiliates are only paid if or when a specific action is performed. The action might be something as simple as signing up for a newsletter to submitting their zip code information up to having a sale completed. Regardless, you are not paid until you've compelled your readers to take some type of action.
Amazon has spent years perfecting the art of online selling and you’ll learn a lot about online marketing by observing how they do it. They constantly test different ways of promoting products and have evolved their site quite a lot over the years. See what widgets they use to promote related products, watch how they use reader reviews, and see the way that they describe products.
Aside from the obvious advantages of running your own business, being able to work online from anywhere at any time, and having the freedom to choose just how hard you work, there are a few other perks. Affiliates with a strong social following (also known as influencers) can expect to receive freebies from advertisers looking to boost their brand awareness.
Affiliate marketing is a popular way for new and experienced marketers alike to make money online when they already know what to sell. A lot of people make money through it, some even make a very good living off of it. Learning how to get started with affiliate marketing can be easily done. Now, I am going to assume you know a thing or two about affiliate marketing and are ready – nay, eager! – to get started. In this post, I am going to introduce you to four popular affiliate programs that are perfect for beginners. They all have features or assets that make transitioning into affiliate marketing for beginners worthwhile. Let’s get you started on earning some commission!
In order to do this properly, you should find a specific niche to get involved with. You’ll notice on my site, I focus almost exclusively on dog food. If you simply start up a generic review blog and start reviewing every product at Amazon, your site visitors will not see you as an expert, the search engines wont understand what your site is really about, and in the end, you’ll have a tough time earning anything in return. But, if you become the expert in a specific line of products, then you have a real chance of building some authority. At that point, all you need to do is write some honest and detailed reviews with special links you receive through the Amazon Associates affiliate program member login. The more detailed your reviews the better.
Since you’re essentially a freelancer, you get ultimate independence in setting your own goals, redirecting your path when you feel so inclined, choosing the products that interest you, and even determining your own hours. This convenience means you can diversify your portfolio if you like or focus solely on simple and straightforward campaigns. You’ll also be free from company restrictions and regulations as well as ill-performing teams.
Today, Amazon Associates has to be the most recommended program empowering affiliate marketing for beginners. As the name suggests, Amazon Associates is Amazon’s official affiliate marketing program. Because of Amazon’s wide range of products, the program is perfect for anyone to monetize quickly. No matter your audience, they sell something relevant to them. Their payout system is pretty good too. The starting commission for volume based sales is 4% and can go up to 8.5%. You will make money from everything so you can make 4% on a $10 toothbrush or a $4,000 mattress.
Once you've protected your prospecting pool, maximize your affiliate program by working with the best and leaving the rest. As the old 80/20 adage implies, most of your revenue will come from a very small percentage of your affiliates. Because it can be time-consuming to manage a larger affiliate network, consider selecting only a few companies initially, and interview them before signing them on. Affiliates are an extension of your sales force and represent your online brand, so choose partners carefully.