Many people have heard of affiliate marketing but very few actually know how to start and run this type of business.
Knowing how to start an affiliate marketing business is a fairly simple process but will take some time and effort.
How Does It Work?
This business is simply a way for you to earn a commission for recommending either products or services to people online. To provide a simple overview, you find a product or service that you want to promote and then search for an affiliate program. Chances are, there’s a program for it on Amazon or a similar site.
Sign up for that site’s affiliate program and you’ll receive a link that will allow the merchant to track anyone who clicks on that link.
If a person purchases the product through that link, then you’ll get a commission of the sale. Overall, this is a simple process but it will take you some work to get started.
Create Your Niche
Although you could promote any number of products, affiliate marketers do best when they fit into a certain niche. This means that you focus on a particular area and products related to that area. For example, if you’re interested in health and fitness, you could promote products that are workout clothes, shakes, shoes, and more.
In order to promote these products, you’re going to need to have a social media presence, blog, and/or website.
You can easily create a website or blog but also have some social media sites to spread out your reach. These sites should be focused on your niche. It may be helpful to build a web presence before you start affiliate marketing.
There are two ways to go about this next step. You can either search affiliate programs and look for products that they already offer. Or, you can find products you know that you want to promote and then search for affiliate programs for that particular product.
Both approaches are fine but make sure you only promote products that you actually support.
Also, before choosing products, look at the commission rates. The ones that are low probably won’t be worth your time, so commissions of at least 3-4% are desirable.
Now that you have a list of products that you want to promote, start to add the links onto your website, blog, and social media. Instead of simply posting links, make sure that you add value to the products you promote. Bloggers often do well by mentioning that they’ve tried these products and offering a personalized review.
You can also add personal stories on how you used the product and why you recommend it. Avoid being too promotional or promoting too many products at one time.
Enjoy the Income
When you link the products on your page, anyone who visits the product through that link and purchases the product will earn you a commission. This passive income will generally be low when you’re starting out but you can expect to see higher income when you improve and start selling more products. With this handy guide, you’ve got the basics needed to get started selling today.