It’s a shame so many still think the idea of making money from the comfort of your home is merely a pipe dream. The internet is, in fact, a treasure trove of realistic opportunities to make a reliable, job replacing, monthly income.
Affiliate marketing is one of those opportunities and with these top 10 affiliate marketing strategies for beginners you’ll soon see how.
Today, the affiliate marketing industry is valued to be over $17 billion. According to Glassdoor, the earnings of an Affiliate Marketer in the United States are approximately $78,530 per annum.
Image source: Glassdoor
If you’re thinking of joining the ranks of high paid affiliate marketers but have no idea how to start, this guide will walk you through all the affiliate marketing strategies for beginners that work today.
Before we dive in, what is affiliate marketing?
Affiliate marketing is an advertising model where third parties (i.e., you) receive commissions for every visit, signup, or sale through displayed promotional links.
With this model, brands pay an Affiliate Marketer for the promotion of their products. Affiliate marketing is popular due to its low barrier to entry and how easy it is to get started due to huge affiliate marketing platforms such as Amazon Associates and Shareasale.
There’s a growing increase in the demand for affiliate marketing as more and more people turn to the internet for their shopping needs. This is especially true for millennials, who prefer online shopping to brick-and-mortar stores.
Affiliate marketing is about building an audience and being an authority in your niche. This will make it easy to promote other people’s products and services. Here are some other benefits of affiliate marketing;
Passive income gives you financial freedom and breaks from the helms of 9 to 5 jobs. The idea of earning while you are not actively working might seem surreal but it’s doable.
With affiliate marketing, you can make money without giving up on your other commitments. That way, you take care of your loved ones and have more time for yourself.
To get started, identify products that are in popular demand. Reach out to the brands for partnership. Then create content around these products and ensure that you get enough traffic on your site (Here’s a resourceful guide on improving website traffic).
Additionally, you can earn a commission whenever someone clicks through one of your affiliate links and buys something. The more people click through your links and buy something, the more money you make.
Inventory management comes with a lot of difficulties like managing shipping, and warehouse space management.
But you don’t have to worry about all that as an affiliate marketer. All you need to do is identify a marketable product and partner with companies selling it.
It’s best to choose a reputable brand that your audience will trust.
A traditional business model needs brick-and-mortar outlets to function. Some eCommerce websites have geographical restrictions that prevent you from selling products to people in another country.
Apart from that, you also have to pay taxes on any income earned in any location.
However, Affiliate Marketers don’t have to be tied down to a single location. You can set up your business anywhere in the world, as long as you have access to an internet connection, a PC, or a mobile device.
Capital remains the main barrier to entry crushing the brilliant ideas of many business-oriented people.
If you are starting a brick-and-mortar business, you will pay rent, buy equipment and supplies, hire employees — the list goes on and on.
Even in eCommerce businesses, where low capital is required, you still need money to set up an online store and hire contractors to help with your website design and the formulation of your marketing strategy.
You don’t need to pay for any of these in affiliate marketing.
Excessive working hours with insufficient rest can lead to health problems. It can also cause fatigue and low levels of productivity.
At most 9 to 5 jobs, you have to get up early in the morning, go to work, and spend the rest of your day there. And when you return home, you take care of your family and do other chores before you can think of relaxing.
It’s a never-ending cycle of tiredness and fatigue.
With affiliate marketing, you don’t have to worry about long working hours. You can work whenever it suits you. You can work during the day, at night, on weekends, or on holidays.
If you are looking for a job that offers performance-based rewards, then affiliate marketing is your best bet.
As an affiliate marketer, your income will not be based on how many hours you work or how many people report to you; it will be based on the sales you generate from your campaigns.
If you have a great outreach strategy, you’ll get a handsome commission from the company you’ve partnered with. You are entirely in control of your income as an affiliate marketer.
Unlimited Numbers of Products to Promote
eBay alone has over 1.5 billion active listings. Amazon has 350 million. No matter which niche you choose you have a huge array of products to choose from and promote through various affiliate marketing programs.
Not just that, you can choose to promote multiple products at the same time. That way, you can easily hit your income targets.
You also have the chance to enrich your portfolio for prospective brands in the future.
In addition, some brands will provide you with marketing tools and resources that you need when you decide to partner with them.
Pro tips: Don’t guesswork when you choose a product, do quantitative market research. Also, ensure that the brands’ value aligns with yours. The partnership will be far more lucrative if you’re promoting highly relevant and quality products.
Affiliate marketing comes with minimal business risks. As we’ve mentioned earlier, you are not required to keep inventories of the products you promote through the affiliate marketing program. Therefore, there’s no risk of losing money on unsold products.
Similarly, Affiliate Marketers don’t have to worry about the costs of shipping products from a warehouse.
If one product doesn’t perform well, it won’t negatively impact your entire business, as it would if you were selling your products in an online store.
Affiliating for other people’s products is the ultimate in flexibility.
If, for example, your ecommerce website is focused on the sale of product which due to market changes have recently reduced in popularity, it’s extremely difficult to get rid of all your inventory and switch to a newer more popular line of products.
Similarly, if you’ve created an information product which has gone out of date due to platform or strategy changes, you have to start a again and re-record your course.
With affiliate marketing however, you can switch products at the flick of a button. You can also leave course updates to the creator.
You’ll possess the freedom to explore new opportunities, brainstorm new ideas, and find products that are more profitable for you.
Expert affiliate marketers understand the need for strategic affiliate marketing. They know how to plan and execute their campaigns to attract customers and increase sales. But if you’re just starting, this can be overwhelming.
That’s where these ten affiliate marketing strategies for beginners come into play. These tips will give you a head start over your competition. They will also help you get started on the right foot.
CPA is an acronym for “cost per action.” It’s a marketing model that involves a partnership between an affiliate and an advertiser.
Here, an advertiser pays a fee every time a lead completes a predefined action such as signing up for a newsletter or downloading an eBook.
As an affiliate marketer, CPA programs are a great way to make money. The best CPA programs have substantial conversion rates.
There are also many CPA offers, such as lead generation and email marketing, so it’s not just limited to physical products.
You might wonder why a reputable brand with thousands or millions of customers would need an affiliate marketer.
Well, not all people who visit the website make a purchase right away — some of them need more information before making a decision.
That’s where you come in — you can provide additional information and help them make more informed decisions with product reviews, comparisons, and other website content that can influence their buying decision.
Reputable brands understand the influence of an industry expert on their products, so they’ll be willing to work with you.
But you’ve got to proceed with caution. Before promoting any brand, make sure they are a good fit for your audience.
Example offer relevant to my audience – Adam Enfroy Blog Growth Engine Course
Email marketing is one of the best affiliate marketing strategies for beginners because it allows you to connect at a much deeper level with potential customers.
You can also use it to share and promote your latest blog posts, newsletter, and product recommendations with your subscribers.
Additionally, email marketing is perfect for promoting products that have already been reviewed or discussed on your site. You can attach the link to your review or discuss the product in your newsletter and encourage your subscribers to click on it.
MailChimp and AWeber are some examples of email marketing software that can help you streamline your email marketing campaign. You can use these tools to create email templates, send newsletters, and manage your subscribers.
Also, the platforms provide valuable analytics for tracking which emails are most popular with readers. That way, you can focus on sending out more email formats that work often.
A sales funnel is a series of journeys your prospect undergoes on the way to make a purchase.
You can create a simple sales funnel by using an email marketing platform with the help of a professional or hire someone who specializes in building sales funnels. A person specializing in this will analyze your current business model, identify gaps, and create emails guiding people through those points.
Building a sales funnel is a viable affiliate marketing strategy because it allows you to build relationships with your customers and guide them through making a purchase. Once you have created a sales funnel, you can send targeted emails that direct people to take specific actions that move them closer to buying from your affiliate partners.
Clickfunnels – Sales Funnel Builder
No form of digital marketing can survive without great content. If you want to be successful in any marketing strategy, which includes affiliate marketing, you need to create high-quality content that educates your audience and helps them solve their problems.
The more valuable your content is, the more likely people will share it with their friends and family members with similar interests.
And with the right content marketing strategy, your affiliate marketing can be a long-term passive income stream that never runs dry.
One of the best affiliate marketing strategies for beginners, good affiliate marketers spend a lot of time creating educational and helpful content for their audience.
They understand this to be the best way to build trust and credibility with their audience, ultimately leading to more sales and better conversions.
The digital advertising world is incredibly competitive. There’s a lot of noise, and cutting through the clutter is challenging. But one of the most effective ways to gain attention is using banners.
Banners are images you place on your website or blog that link to a product or service you’re promoting.
Banners can help you as an affiliate marketer to generate more sales and leads. Banners are a great way to get your message out there, but they should be placed strategically.
Don’t put them everywhere on your website. Instead, place them in strategic areas where they will have the most impact.
Example Banner from Shopify – Ecommerce Software
High-ticket products are those products with higher price tags compared to other products in your niche. These products are great for generating a lot of revenue, but they take time to sell because you first need to build trust with your customer.
The best way to build trust is by showing up consistently, becoming an expert in your niche and offering valuable information on the products you’re promoting.
Most beginner affiliate marketers shy away from high-ticket products due to the fear factor of selling something too expensive.
If you can get past that mindset however, high-ticket products are one of the best ways to make money with affiliate marketing. Firstly you’ll stand out from the crowd as someone who sells higher ticket items and you’ll see far greater profit margins for your efforts.
Landing pages are a great way to generate leads and promote your affiliate offers.
To get started, set up a landing page dedicated to the product you are promoting then use social media or paid advertising to drive traffic.
Landing pages are one of the best affiliate marketing strategies for beginners because they allow you to focus on one product and give it the attention it deserves.
That is important for beginners because it enables you to learn how to promote a single product before moving on to promoting multiple products at once.
Example landing page for Junglescout – Amazon FBA Software
We live in a world where one opinion can influence the decision of many.
People like to see proof that something works and often make purchasing decisions based on what others say about a product. This is called social proof, and it can be used to your advantage when you create an affiliate marketing business.
One way to use social proof is by asking existing customers for testimonials or reviews of the products you promote. Another way is to share videos and reviews of your products on social media platforms like Facebook and Instagram.
Ensure that you only promote products valuable to your audience. They won’t be willing to give you any testimonials or reviews for a product that’s not valuable to them.
Every good marketer knows that psychology is at the heart of marketing. One of the most powerful psychological triggers is scarcity, which can create a sense of urgency in your customers and compel them to buy from you before it’s too late.
If you want to use scarcity marketing for your affiliate business, then here are some tips:
1. Ensure that only a few products are available (for example, if there’s only one left on Amazon).
2. Talk about limited-time offers and discounts that expire soon (for example, if you have a coupon code, they can use it only once).
Image source: bathandbodyworks.com
3. Use flash sales to create a sense of urgency (for example, if an offer expires on June 30th at midnight, you could say, “This is your last chance to get this amazing product”).
Image source: Etsy
If you can master scarcity marketing as an affiliate, you’ll be able to generate a lot of sales in no time. It’s a great way to boost your affiliate income and help more people get the deals they want.
Although there are advantages to becoming an affiliate marketer, such as not having to create, sell or update your own products, this business models is just as much hard work as all other online lifestyle business models.
You’ll need to take the time to either build a reputation, become an influencer and promote products to your growing audience, or you’ll need to become an expert at advertising and be willing to spend some money to test varying ad strategies.
The truth is that: The more you know about affiliate marketing and how to get results, the better your chances of succeeding.
If you’re just getting started, these 10 affiliate marketing strategies for beginners will hopefully give you some inspiration. Now you need to take action! You’ll be amazed how quickly your skills will improve once you put all these tips into practice.