Your domain is the address for your website (e.g., www.affilorama.com) so this is the first thing you will need to do when setting up your site. Considering there are millions of websites on the internet, it's possible that the domain name you want may already be taken by someone else. So make sure you have several options in mind. Be sure to read our advice on how to choose a good domain name.
Of course, you can place advertising links on your social networking pages, this will also be affiliate marketing. But in each case you will coordinate your actions with the advertiser. Whether such variant will arrange it. Some require only placing affiliate links on personal sites. Still, I advise you to create your own site. This is a good prospect for future earnings.
But let’s be totally honest for a minute here. There are millions of blogs out there, and a fraction (I dunno, less than 10%?) of bloggers are earning any money at all. And even fewer are earning full time income. The fact that I was able to join the ranks of “the full time income earning bloggers” just 7 months into blogging is sort of unbelievable. (Only, do believe it, because it happened!)
Let’s ask you something, if affiliate marketing is not profitable then why so many people are digging their nose in this. Why the competition is so high these days? It’s simply because they see a lot of money in this business. As a matter of fact affiliate marketing is something in which you can make huge money and even without much investment. We know you may have three queries in your mind:-
Affiliate marketing is most profitable if you generate your own emailing list using an autoresponder. This involves some initial expenditure, but the rewards of creating a list can make the work well worthwhile. By communicating with your list and providing useful information on your niche you can gain their trust. List members will then be more likely to listen when you recommend certain products to them.
Find your passion. Think about what you are really great at doing. Maybe you are an artist by trade or by hobby. That is the niche you want to select. Why? Affiliate marketing niches work for YOU when you are able to create blog or website that you can actually write great content about. You should only select niches to market in that you have some expertise with. If you are not certain what you might have an expertise in, check out our blog post about finding your passions. It may help you choose one to four niches that are a match. And the third piece of if affiliate marketing can make your rich is persistence. Doing marketing in a niche that you have passion about will make you more persistent in going after this. That persistence will allow you to stay engaged. Affiliate marketing is a long game, with high possible pay off.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
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.
P.S. This post has been optimized for the 3 word keyword phrase xxx – I hope you can guess it! It came up with flying colors when I checked it in Micro Niche Finder so hopefully whenever somebody searches for xxx this post might eventually come up on Page 1 or thereabouts… just to let you know that I always try to optimize my posts for a keyword, and so should you! 🙂
If you’re in the WordPress industry like I am (whether it be design, development, or SEO) I have accumulated quite the list of WordPress affiliate programs. I excluded those I found unsuccessful or pay too little to make a profit from, specifically ThemeForest, Creative Market, and low quality theme stores like Template Monster. Hosting pays well and I wrote a tutorial for SiteGround’s affiliate program and StudioPress themes which are my 2 highest paying affiliates. Those tutorials have tons of screenshots/social proof especially for SiteGround.
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.
Rebecca, it’s really up to you. The problem with NOT waiting is that some programs can kick you out if you aren’t making sales, so double-check the company you are an affiliate for. It’s probably better to focus your time on what is going to give you the best ROI. Newer bloggers try to do allthethings which sometimes backfires because you spread yourself too thin. Basically, there is not cut and dry answer regarding whether you should wait. It’s going to be dependent on individual factors related to YOUR blog. Good luck!!
There are lots of Amazon affiliates in this space, mostly because it’s a strong hobby (i.e. passion) niche with tons of products. Which is good, since tons of these big stores are very general in nature, making it possible for big outdoors sites to possibly even pick one or two stores to recommend (this, in turn, might have other advantages, too, like negotiating better rates with those brands).
A2 Hosting + HostGator – these affiliates let you create custom coupon codes which is a huge bonus if you’re doing YouTube videos. Tyler’s Moore’s video on how to make a WordPress site has 4.5M+ views and he refers people to HostGator using his coupon code. This means he gets credited for the sale if they use the code (even if they don’t click his affiliate link). If you’re doing YouTube videos, coupon codes can result in a lot more sales than dropping links in video descriptions and hoping people click on it. He’s made a fortune.
When it comes to email marketing, experts almost always recommend the use of GetResponse. This email marketing automation tool also runs a high paying affiliate program that provides recurring commissions. It provides up to 33 percent of recurring commission for each plan. This means that you get to earn monthly as long as the user remains active using this tool. If you are able to secure the Enterprise plan sale, you earn up to $400. Cookie duration is 120 days, and you will receive your payments via PayPal.
This is a very common way to promote offers. For example, you will often see a blog post with links to certain products or services. If the reader clicks through and makes a purchase, the blog owner will make a commission. These in-text links blend in with other content on your site and are a great way of promoting an offer within your content, without being over-the-top salesy with banners.
Another top choice when it comes to email marketing solutions, AWeber is currently being used by millions of online users and online marketers all over the world. It started back in 1998, and is now one of the oldest and most effective email marketing companies. The affiliate program that it runs provides up to 30 percent recurring commissions. The higher the price plan is, the higher the recurring commission is. You’ll also be glad to know that its cookie lasts for 365 days. It means that if a user clicks anytime within the year, the sale will still be credited to you. This is one of the affiliate programs with the longest cookie durations.
Diane, leave valuable comments on other blogs (preferably dofollow and commentluv blogs), become active in forums where you can leave your websites link in your signature, maybe try http://www.linkreferral.com for a while, to get your visitors up. Just keep link building and interacting, and you will get there. But you need to be patient. I wouldn’t buy traffic.
Banners – after testing them out I decided to take down my banner ads since they looked salesy and weren’t working like my affiliate links did. They’re easy to throw up, but distracting and probably won’t get great results. If you try them, be sure to show specific sidebar banners based on the type of content people are reading on your blog (for posts that fall under my SEO category I would show a banner related to SEO, and for posts under my website speed category I would show a different banner). You can do this using a plugin like Widget Logic.
Hi Dody! I honestly don’t think that’s a question that can be answered with an one size fits all answer. The best site for affiliate marketing will be based on your niche, what you audience wants and what you are comfortable selling. I know lots of people that RAVE about shareasale.com – I personally haven’t had wild success with them because they don’t offer many products that I personally have found useful / easy to promote on my blog. I would strong suggest taking the making sense of affiliate marketing course – it will clear up any questions you have about affiliate marketing 🙂