How To Start A Successful Affiliate Marketing Business
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Transcript of How To Start A Successful Affiliate Marketing Business
_ AFFILIATE MARKETING ________________________________________ 1
How To Start A Successful Affiliate Marketing Business
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Affiliate marketing gives you the opportunity to earn a
commission by selling products or services offered by other
companies. It's a great way to supplement your income from the
convenience of your own home. Fortunately, it's also easy to become
an affiliate for companies that are household names.
Part 1 Becoming an Affiliate
1-SELL WHAT YOU KNOW. To start, you should stick to selling
products or services that you're familiar with. Online marketers
call this process "picking your niche." You should select a niche
that represents your current interests or your occupation.
_ AFFILIATE MARKETING ________________________________________ 2
o For example, if you're an expert at interior decorating, it
makes more sense to sell comforter sets than it does to sell
automotive parts. You'll do a much better job with your
individual marketing efforts if you stick to selling what you
know.
2-START A WEBSITE RELEVANT TO YOUR NICHE.
Before becoming an affiliate, many companies will
want to know the URL of the website that you'll use to sell their
products. They do this because they want to ensure that the
content on the website won't hurt the company's reputation.
o It's easy to start a website these days thanks to sites like
WordPress.com.
o Be sure to add content to your website that isn't "salesy."
You want your site to come across as an authority in your
niche.
_ AFFILIATE MARKETING ________________________________________ 3
3-RESEARCH AFFILIATE PROGRAMS.
Find an affiliate program that offers products or services in your
niche.
o Amazon sells just about everything, so it's likely that your
niche includes products sold on Amazon. That's a good
place to start if you're looking to get into affiliate
marketing.
o Commission Junction is another great option because it
allows you to become an affiliate for countless companies
that you already know about (e.g., Overstock, Office
Depot, Boscov's, and many others).
o Clickbank is yet another option that many affiliate
marketers like. That's because the commissions from
companies on that site can be very lucrative.
_ AFFILIATE MARKETING ________________________________________ 4
4-JOIN AN AFFILIATE PROGRAM.
It's almost always free of charge to join an affiliate program.
o In fact, if you're being asked for a credit card number just
to become an affiliate, you might be getting scammed.
Most reputable companies that offer affiliate programs
allow people to become affiliates free of charge.
o You will, however, be asked for bank account or PayPal
information. Keep in mind, that's not so that the company
can take money away from you, but so that it can pay you
the commission you earned with successful sales.
o You will be asked for the URL of your website in some
cases. Just provide the URL of the website that you created
above.
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_ AFFILIATE MARKETING ________________________________________ 5
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Resources For Affiliate Marketing:
Paid Social Media Jobs Internet Marketing Principles Affiliate Marketing Trainings
_ AFFILIATE MARKETING ________________________________________ 6
Part 2 Marketing Products on Your Website
1-ADD AFFILIATE LINKS IN YOUR CONTENT.
One great way to get paid a commission without appearing to
sell anything is add affiliate links within your content. That way,
when people click on the link, they're taken to the company site
and, if they buy, you'll earn a commission.
o For example, if you're writing about decor that includes
purple comforters, make the phrase "purple comforters"
o a link to Amazon's site that shows people only comforters
that are offered in purple. Your readers can browse through
Amazon's offerings and maybe purchase an item that they
like.
o Good news: Companies make it very easy to get links to
their site. The way that you get those links varies from
company to company, but it's usually very easy to find a
link to the product or products that you're looking for.
_ AFFILIATE MARKETING ________________________________________ 7
2-INCLUDE VISUAL ADS IN YOUR SIDEBAR.
Your website, like most websites, probably has a sidebar. That's
a great place to include visual ads for products relevant to your
niche.
o Once again, you'll find that companies with affiliate
programs make it very easy for you to obtain the images
and links you need to get your visitors back to their sites.
It's almost always just as easy as copying and pasting code
into your sidebar.
_ AFFILIATE MARKETING ________________________________________ 8
3-CONTINUE PRODUCING CONTENT RELEVANT TO YOUR NICHE. You
want to keep people coming back to your website, don't you? If
so, then you need to keep on producing original content that's of
value to your visitors. That's called "content marketing" by
digital marketers.
o Good content keeps visitors coming back. That means that
they might eventually click on your affiliate links and
purchase something.
o You can also use your content to include affiliate links as
mentioned above. The more content you produce, the more
affiliate links you have. The law of averages eventually
kicks in and you'll start selling.
_ AFFILIATE MARKETING ________________________________________ 9
4-USE ANALYTICS TO MEASURE YOUR SUCCESS.
You can think of analytics as information about what you're
selling, how you sold it, and to whom you sold it. Fortunately,
most affiliate marketing sites offer helpful analytics so you can
get an idea about what's working well for you.
o If you find that one type of product sells well on your site,
produce content that gives you the opportunity to market it
even more.
o Use Google Analytics to gain an understanding of the
demographics of your visitors. Tailor your content
marketing efforts to people in that demographic.
o Pay attention to your posts that get the most visitors. If you
find that some posts are getting significantly more hits than
the others, consider adding additional affiliate links to
them.
Focus on what works, eliminate what doesn't. The analytics
provided by your company will tell you which types of ads are
working and which ones aren't. Use more of the ads that are
working and eliminate the ones that aren't.
_ AFFILIATE MARKETING ________________________________________ 10
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_ AFFILIATE MARKETING ________________________________________ 11
1-PREPARE FOR TAXES.
If you make money via affiliate marketing, you can be sure that
you're going to have to pay taxes on that income. At the
beginning of each year, your partner companies should send you
a 1099 tax form. If they don't, you're still required to report the
income to the IRS.
o If you're running your affiliate marketing business as a sole
proprietor or LLC, you'll report 1099 income on Schedule
C - Profit or Loss from Business.
o If you're running your business as an S or C corporation,
you'll report the income on Schedule K-1.
2-EXPAND YOUR BUSINESS.
Your business is likely to do one of two things: expand or
contract. That's why you should always be striving for growth,
otherwise your business will shrink and provide you with
diminishing returns.
_ AFFILIATE MARKETING ________________________________________ 12
o Look for new products that you think you can market
online. Browse through various affiliate sites. Look for new
businesses that have recently welcomed affiliates and, if
they're offering something you think you can market well,
partner up with them.
o Promote your business constantly online. Use social media,
email, and other channels to promote your business so that
people keep coming back and looking for great deals on the
products and services that you're marketing.
3-DELEGATE ROUTINE TASKS. Once your business takes off, it's
time for you to focus on how to grow your business while
delegating routine tasks to others. It will cost you some money
in labor expense, but the investment is worth it if it allows you
to come up with new ways to promote your affiliate marketing
business and build it even further.
_ AFFILIATE MARKETING ________________________________________ 13
4-AUTOMATE WHAT YOU CAN.
There are plenty of digital marketing tools available. Again,
some of them will require you to make an investment, but if it
gives you more free time to build your business, then the return
on investment should be positive.
o Focus on creating a long-term strategy for your business
while your tools and employees handle routine, day-to-day
tasks. That way, you can handle "big picture"
responsibilities to ensure that your business continues to
grow.
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