You can research what affiliate programs are already out there and try to compete with their commission rate. Try to get listed in affiliate marketplaces like ShareASale or CJ. I don’t have experience actually running an affiliate program but I personally look for good commissions and a company with a solid reputation with products that can actually help my readers. Make a list of relevant websites/influences that fall within that criteria and reach out to them about your affiliate program. I know it’s broad advice but that’s why I see other companies do – they often have affiliate managers that are constantly working on business development.
Man, Ive been pulling my hair out over not really getting much from my Amazon Affil. based site. Im grateful you put this up about your experience with it. As far as you thinking you aren’t getting much back because you only sell low priced items goes, Im pushing big ticket items and it really isnt much better. Consider how much traffic you need to sell the lower priced stuff and then double or triple it to get a sale on a big ticket item.
Good blog Petra. Internet marketing is hard work and this opportunity is no different. I am generally not keen on joining affiliate programs that don’t pay a minimum of 15% commission. However, like all programs you have to master the different aspects of making money online and that will take more time for some and less time for others. The nice thing is everything is already put together for you. You just have to master all of the different marketing methods and you will make more money as you have done. I am joining the Amazon programme, however it won’t be my main focus of attention because of the low payout and I have other spokes in the fire as an affiliate marketer. I can say what I have learnt in the last 2 months with one of these programs has been incredible to say the least.
For me, the best program at the moment has to be Google Adsense. I make the most money per month with it. Ebay used to be very good but they have done something to their earnings, quite a lot of Affiliates seem to have been hit, and my earnings have dropped considerably (by 2/3rds) in the last three months, compared to what it was towards the end of last year. I have signed up for an Affiliate Program through Art.com just recently, promoting posters and art prints through my Beach Decor website, and I am very happy with it right now – they offer 20% commission which is fantastic, and I have made a few sales already. But obviously this program will only suit certain niches.
If you’re asking, “how much do affiliate marketers make” – well, Michelle Schroeder-Gardner makes over $50,000 / month from affiliate marketing. She is her own boss, and lives the dream life (on the road) with her hubby. She’s recently released a course on affiliate marketing, right from the what-it-is to the how-to-do-it (legally) – and the results her students (like me) have seen so far have been incredible.
That is the 1st car I have EVER purchased myself at age 29 (I was broke until then and leased from my parents). But the time committed to affiliate marketing and creating great tutorials and YouTube videos was worth it… I work for myself, there is virtually no limit on how much I can make, my schedule is flexible, and I collect enough passive income to live the life I want.
First and foremost, you’ll want to find a product category you believe in and focus on it. You don’t want to spread your affiliate marketing out too much, and by focusing on one specific product category, you’ll be able to pinpoint audiences to market to and establish yourself as a trusted source on a particular subject. If you spread out too much, you’re going to need a lot more effort to attract much smaller audiences, rather than allowing your knowledge on one particular subject bring people back again and again. Here’s a bit more info on how to choose a good niche.
Anyway, to make a long story short….in my first 2 years I only made like $5 from Amazon, then I bought this software, used it to find what keywords I should actually be targeting for the topic I was writing about, and I’ve made $101.17 since buying the software 6 weeks ago. And I didn’t change any of the content on my pages, I only changed the titles, descriptions, and tags to match up with keyword phrases that had the least competition and most traffic for the topic/product my page was about.
In August of 2011, I started my personal finance blog with the hopes of teaching people how to save money after reading a magazine that featured a personal finance website in one of their articles. Due to that website, I became extremely interested in personal finance blogs, and my interest in blogging just grew from there. Before August of 2011, I didn’t even know that blogs existed. I didn’t know what they were, I didn’t know that they could make money, or anything like that.