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 ;-)
Amazon’s affiliate program is the most popular of them all. I don’t participate myself (yet) but the majority of affiliate marketers I know use Amazon because… it’s Amazon. You can review products you have used or write tutorials (eg. how to connect computer to TV) and drop an affiliate link to an HDMI cable… just a couple examples. You may want to build relationships with the manufacturers so you can get products before they’re released – giving you time to create a review before the product is launched and capture sales during peak buying times.
iPage is another widely used web hosting company. There are many things to love about its affiliate program. Aside from the high commission rates that start at $105 per sale, you’d also get higher conversion rates since its plans are very affordable starting at $1.99 per month. It helps its affiliates make recommendations more easily with the use of promotional tools and banners.
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.
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.
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.
Hi Oli, I think with Amazon you just have to pick products that have quite a high price from the start. Me with my beach decor site, most home decor items are fairly cheap to buy, so the commission is not that great. You either have to sell heaps of cheaper products (which is very hard) or some expensive products (which I am not sure will be easy, either).
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!)
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.
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.