How to start an affiliate marketing business? Affiliate marketing is basically a process of making money advertising and promoting other companies’ products. And apparently, you’re here to learn how to make money with affiliate marketing and create a successful business model around it. So here, we’ll guide you step by step about each and everything you’ll need to get started.
Affiliate marketing is just like being a salesperson for a company. You’ll be paid for increasing the company’s sales. But it’s a bit different and better than being a typical salesperson. Because it’s scalable and you can even make it a passive income source by joining multiple programs and creating blogs related to them.
How Does Affiliate Marketing work?
Every company which is providing affiliate programs has some special features on its websites. Whether it’s a trading platform, social site, or retail website. They have specific pages that help consumers to sign up as a partner. And then provide you a complete section where you can see your analytics and revenue. On each of the products they are providing, they’ll give you a unique link. And if you invite someone through that link to take a specific action, you’ll get a commission from the company.
Top Platforms for Affiliate Marketing
Affiliate marketing platforms mainly depend on the niche you’re working on. For example, if you have a blog about trading and forex, then you should join some forex-related platforms. And if your niche is laptops, mobiles, or anything like that, you should join shopping sites like Amazon.
Affiliate Marketing platforms you can start with:
- Amazon Associates
- CJ Affiliate
- Share a sale
How to Start Affiliate Marketing Business (7 Steps)
Now let’s do some practical things and start making money with affiliate marketing. And we’re not just focusing on making money with affiliate marketing, rather gonna create a complete business model.
If it’s all about making money with affiliate marketing, you can do it by sharing links with your friends and on your social media accounts. But it’s actually not. We’re going to build a passive income source.
1- Join Affiliate Program
The first step of making money with affiliate marketing is obviously joining the affiliate program. And whatever the platform is, you’ll be provided signup instructions by the company itself. So choose the program that suits your niche and gives you a good commission on sales.
You’ll find hundreds of affiliate programs on the Internet. From web hosting, trading, money transfer, social sites to retailers. So do some research yourself to find out which is compatible with your niche and gives good rates. They could be some other factors too that you need to consider like how popular and trustworthy the platform is. People are not going to buy anything from a site that is just launched and has no or very few consumers.
2- Choose Your Niche
Another most important step to start an affiliate marketing business is choosing a perfect niche. As a lot of people now are doing affiliate marketing to make money, so there’s huge competition in this field. That’s why people usually work on niches and sub-niches to generate sales.
You should be using some online SEO tools to find out the competition and demand for that product. And always go for the product that has low competition but high demand. It won’t be easy, but you have to be persistent to get success.
These Niches could be like:
- Skincare products
- Men’s Grooming products
- Mobile Phones
- Musical Instruments
3- Choose Marketing Platform
Decide the platform you’re going to market your business on. It could be Instagram, Pinterest, a blog, or a Youtube channel. You can even do all of them at once. But it’ll require you more time.
If you want to get high conversion then blogging and Pinterest are the best option. Because blogging will give you organic visitors, who are literally searching for that product. And Pinterest has mostly a buyer audience.
Related Read: 6 ways to make money with Pinterest
- Youtube Channel
4- Create a Blog or Youtube Channel
Create a niche blog and youtube channel to get a better conversion rate. And if you’re spamming links in others’ inboxes then please stop. It won’t help you. You must have to build a connection first before asking someone to buy a product from your link. And it can be done with the help of a blog and a Youtube channel.
You can even double your earning by applying for Google AdSense. And if you consistently upload content on your blog and youtube, you’ll be ranked on search engines faster.
5- Do Your Content SEO
Search engine Optimization is compulsory for all online creators. By doing proper SEO of your content Google Algorithm will perceive your content as the exact solution for the search query. And it’ll increase your impressions and clicks.
You can learn basic to advanced level SEO online on Youtube for free. There are different strategies to rank higher on Google SERP. And by applying those strategies you can improve your ranking.
Basic Content SEO:
- Keyword Research (find low competitive keyword)
- Place the Keyword in your Content
- Use plugins like Yoast SEO (for proper placement)
- Share your content
- Create Backlinks
6- Create Multiple niche blogs and Hire content writers
If you’re doing all the work by yourself, then it’s not a business. It’s like a job or self-employment. To make it a business that will generate passive income for you, you have to create multiple niche and sub-niche blogs and hire others to do the work for you.
You’ll be required multiple content writers, a graphic designer, and an SEO expert to run a successful business.
Related Read: Start a Business from scratch (15 Steps)
7- Be Consistent and Focus on the Goal
In all aspects of life, you’ll have to focus on your goals and be consistent all the time during the journey. And you’ll get obstacles and some bad times. But the only thing you have to do is be persistent.
- Set a Goal
- Make a plan
- Work until you succeed