If you have built up an email list, you could also promote your affiliate offers via email promotions. Just make sure you build up a relationship with your audience first instead of going for the hard sell straightaway. The emails you send out must contain your affiliate links to products so when your audience click through. the sale is attributed to you.
My conversion rate went from 2.5% to 8% just by including Facebook polls where SiteGround was rated #1, along with a few Twitter screenshots and Facebook conversations. Whether it’s Amazon reviews or Facebook polls, you NEED to include outside opinions – that’s why I don’t like collecting reviews on my website – they look biased. But you can use WP Review Pro to do this, allowing people to review the product/service on your site and get those review stars.
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.
SEMrush runs an affiliate program called BeRush where you can get big commissions with every commission that you’re able to make. It provides up to 40 percent recurring commission for each sale. This means up to $120 commission. Since the commission is recurring, this means that you will continue to make money as long as the user stays active in the program. Plus, it has 10 years cookie duration. You will receive your payment twice a month via PayPal. There is a payment threshold of $50.
An affiliate marketing program is a lot of work, and in most situations there's a lot of competition so you're not going to be bringing in money immediately. Business owners and entrepreneurs suppose that all you need do is setup a site and choose an affiliate to associate with and then just let it run its course. But according to Three Ladders Marketing, only 0.6% of affiliate marketers surveyed have been in the game since 2013. That means that affiliate marketing takes time and effort to build and make money.
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!!