Same here, this post kind of fell from the sky at such a great time. Been building a great community of readers over the years but reached a point where I’m losing money maintaining the site and newsletter. As you said, the ads don’t bring much -ironically I use Adblocks too but affiliate marketing always seemed like a weird and opaque subject. I’ve read many of Chris Guillebeau’s books in the last few months (this is how I discovered your site actually!) and I didn’t realize he had affiliate links for instance. Your post opened up a new window of possibility for me. Still need to process everything and do the work behind but a big thank you to you Sean!
Ready to become a future “side hustle millionaire” in online marketing, Andy and Andrew? It’s an unwritten rule that you’ll have to be mentally sharp. Achieving that goal requires you to lose weight, take vitamins, eat right, and do the transformation work as an aspiring affiliate marketer. Internet marketing is getting ready to be your full-time job and you have to be mentally prepared. Get started now on your weight loss and in the future “online millionaire mindset.” 🙂
The best way to find suitable brands to promote is by simply using a search engine using: '[Brand] + Affiliate Program'. Some companies run in-house affiliate programs however, this is a very specialist area. Therefore, most companies opt to employ an 'affiliate network' which has already built a large base of affiliates and gained years of experience in running successful programs for clients.
Now you should have a pretty good idea of what niche you are going to get involved with. It is possible that you haven’t narrowed the list down to a single topic area, but you probably have found a few ideas that you feel real good about. Now at this point, it’s important to get an idea of how much money you can potentially make in your chosen niche. ClickBank is a great place to go to that search. First you browse top products in your category. If you don’t find any offers, that is not a good sign. It could mean that no one has been able to monetize that niche.
I have one affiliate website that I recently launched. SEO hasn't been done yet other than basic stuff. What I need is an expert to look at it and tell me whether I'm on track or need major changes. I don't know if you guys do that here or know of someone who does. (free or for a fee) The site is http://saveongolf.net . It's a site using datafeeds for golf equipment.
Cost per action/sale methods require that referred visitors do more than visit the advertiser's website before the affiliate receives a commission. The advertiser must convert that visitor first. It is in the best interest of the affiliate to send the most closely targeted traffic to the advertiser as possible to increase the chance of a conversion. The risk and loss are shared between the affiliate and the advertiser.
Awesome article! This is jam packed with great info. I am just starting a personal finance blog with my fiance and we were a little confused about how to start monetizing. We were initially thinking about using Google AdSense but between this post and another blog I read I am surely convinced that’s not the correct route. I’m really happy you have shared this information because it’s provided an excellent starting point for creating income.
I’ve actually never even considered affiliate marketing for my blog… You’ve definitely given me some things to think about. I definitely think My blog should be more established (more traffic, followers, etc) before I would want to make that kind of charge… I’m still learning so much, I don’t want to overdo it by taking my blog to another level. Plus since my traffic isn’t super high, it wouldn’t be beneficial to me just yet. Great info Margot!
Another thing to consider when selecting your affiliate marketing niche is the types of products you want to sell. Digital downloads, such as ebooks, are perfect for selling online. Customers can access them immediately, and this can increase your sales conversion rates. The bigger profits usually come from up-sales and cross-sales, so give some thought to additional products you might offer to customers after their initial purchase. For example you might sell an ebook about how to play online poker to build your customer base. You could then target buyers with a more expensive course on how to win poker tournaments.
Affiliate marketing is actually really simple; you promote, or even just mention someone else’s product. Then someone comes along, clicks the link you provide, buys the product, and you get a commission on the sale, which is sometimes as high as 75% of the price of the product! Affiliate marketing can be a powerful tool to make large amounts of money, without doing a lot of work. However, while affiliate marketing is an easy concept, you need to know what you are doing. There are specific, proven strategies and steps that you must follow in order to build a successful affiliate marketing business online. Lots of people try affiliate marketing for the first time and fail, because they don’t have the roadmap to follow.
Once you've protected your prospecting pool, maximize your affiliate program by working with the best and leaving the rest. As the old 80/20 adage implies, most of your revenue will come from a very small percentage of your affiliates. Because it can be time-consuming to manage a larger affiliate network, consider selecting only a few companies initially, and interview them before signing them on. Affiliates are an extension of your sales force and represent your online brand, so choose partners carefully.
The website has lots of affiliate links to Amazon. So, when people look at their reviews and go to buy something from Amazon, they earn commissions. In addition, they have for sure the highest commission rates from Amazon and from other partner sites because they have so huge volume. Top Ten Reviews also uses ads and I think they make a nice income with them as well.
Tradedoubler was founded in 1999 by two young Swedish entrepreneurs. They have offices in the UK and multiple countries throughout Europe, including Sweden, Germany, France, Poland and Spain. Their focus has always been to provide smarter results for both clients and affiliates through technology. In 18 years, they’ve amassed an army of 180,000 active publishers, connecting them to over 2,000 merchants in Europe and the UK. Many of these merchants are household names.
The traffic volume he gets is significant when you figure that most people who are interested in travel have disposable income. This means they are more likely to spend money on luxury items, making them a perfect buying demographic for products. In the past, Matt has had some CPA offers on his posts where he's talked about the best travel credit cards. Those offers earn income similar to NerdWallet.com, that when someone clicks his link and applies for a credit card, he gets paid a referral fee. It looks like those products are gone now, and he's decided to focus strictly on book sales and keep his blog free of other display advertising (Kudos to you Matt). If I had to guess, I'm sure Matt is making at least $50k per month on his book sales seeing as much traffic as he gets.
These figures demonstrate that Harsh has fully optimised his site for affiliate marketing. It also shows that when you’re first starting out with an affiliate marketing website, you can focus on just that. You don’t need to worry about monetising your website through any other means just yet. After you start generating a decent income from affiliate marketing then you can look at introducing other ways of making money.
If this were 2002, I'd have laughed at that advice. I've always joked that I can learn to love anything that makes me money. The first niches I competed in were telecom, weight loss and satellite TV – and they certainly weren't “hobbies” I was passionate about, LOL. But that was before the “blog era” when an affiliate site could easily survive as an anonymous presence without a face behind it on the web – and in Google.
Anyway, my guess is that this site ranking at #8 in Google for this keyword and the high CPC, probably pulls in between $500 to $1000 per month. In fact it could actually be much more that that just depending on how much traffic they really receive. This is with the assumption that they receive traffic from more than just this keyword (which is the case with every single website I have ever owned).
Affiliate marketing is one of the easiest ways to make money on the Internet. You don’t need any great technical skills to make a start, and it’s a business you can scale over time. Initially you’ll be selling other peoples’ products, but eventually you can develop your own ebooks and training courses for even greater profits. One of the questions I get asked all the time about affiliate marketing is what are the best niches to work in. Before I can answer that I have to clarify what exactly I mean by a niche in Internet marketing.
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.
While these models have diminished in mature e-commerce and online advertising markets they are still prevalent in some more nascent industries. China is one example where Affiliate Marketing does not overtly resemble the same model in the West. With many affiliates being paid a flat "Cost Per Day" with some networks offering Cost Per Click or CPM.
This is a great example of a top notch review site. They start at the homepage notifying that they make affiliate commissions, but provide top end reviews from independent reviewers. This is great to be honest up front. In addition to being transparent, they also take the content is king strategy. I randomly clicked on their “Top Home Projector” post where they reviewed (and linked) to several high end home theater projectors. Keep in mind that these high priced items produce high commissions. That may explain why they spent the time to write a 5,000 word post on it. This site seems to do everything right in being a prime example of an Amazon Affiliate Website. This site now has over 60 staff members working for it.