AdSense is a very popular and widely known PPC network. AdSense has proven to be one of the highest paying ad networks, therefore a lot of bloggers and webmasters have been attracted by AdSense over the past few years. However the biggest mistake (in my opinion) most of the bloggers and webmasters commit is when they make AdSense as their main source of revenue, leaving themselves at the mercy of Google.
Affiliate Marketing as a concept is a very simple way to make money online. The basic idea here is to promote services and products of other companies and you end up getting a commission on every sale made. Affiliate Marketing is a win-win situation for the seller as well as the affiliate. The seller gets a lot more opportunities to increase sales by reaching more potential buyers through efforts of their affiliates and the affiliates make money by getting a commission on every sale of the product made through them.
In simpler words an Affiliate Marketing means Cost per action, You earn an affiliate commission based on the action of the user.
Here are some tips to make money with affiliate marketing.
1.Setup a Blog
The best way to do affiliate marketing is setting up your own blog and make it profitable business blog. Because this is the very first step to make money with affiliate marketing.You will need it because the link to services and products will be posted on it. Interact with the readers and build a relationship with them. This relationship will give you many loyal readerships that will come to your blog and most probably spread your word too. The larger social network and popularity you have, greater are the chances of success.
2.Choose Right Product
What affiliate market workers do is they help companies and entrepreneurs to sell any product that you can think of, from cell phones, clothes, e-books and many more. Choose one product or service that you want to focus on and make sure you it is within your interests so that you’ll enjoy your work and you won’t easily get bored with it.
3.Select Affiliate Network
There are a lot of affiliate networks that exist to connect merchants with site publisher who help them sell their products and help you to make money with affiliate marketing. Companies like PayDotCom and Clickbank are considered to be the best when it comes to connecting e-book makers with affiliates who will help sell their products. Commission junction is for people who want to sell conventional travel services or janitorial franchises. Adsense on the other hand won’t require you to sell, but your income will be based on a pay per click basis. Just by posting the links on your site, you’ll start earning money easily.
Commission Junction – Popularly known as CJ, Commission Junction is an online advertising company owned by ValueClick and operating in the affiliate marketing industry. The company is the largest affiliate network in North America and operates worldwide.
ClickBank – The most famous affiliate marketing network in the industry. Founded in 1998, ClickBank is a secure online retail outlet for more than 50,000 digital products and 100,000 active affiliate marketers. ClickBank makes a sale somewhere in the world every three seconds, safely processing more than 35,000 digital transactions a day. They serve more than 200 countries, and are consistently ranked as one of the most highly trafficked sites on the web.
ShareASale – Established in 2000, Shareasale.com has over 2,600 merchant program hosted on its network platform. ShareASale is primarily targeting small and mid-size merchants. ShareASale is among the largest U.S. affiliate networks in terms of number of advertisers who are using an affiliate network to manage their affiliate program
4. Understand your Audience:
Before you present any product in front of customer; it’s always a good practice to understand what they want. When you are in a regular interaction with your readers you are supposed to find out what are their interests, likes and dislikes. Not only is this but it also important to know if they have ‘buying mood’ or not. And of course you will promote what interests your readers.
5. Mesmerize them to act:
When you have understood your audience; you have created a need; what stops you to mesmerize them? Engage your readership in a way that they act according to your directions? Of course it requires good communication skills.
6. Build a trustworthy relationship:
My above said tips do not encourage any misdeed. Remember, honesty is the best policy. Even if you are able to make some money by recommending low quality products and services; you will suffer a lot. You will lose your readerships and of course high quality brands may give a chance to new entries but they can’t waste their money, doing business with those who have lost their repute.
7.How to Sell
There are two kinds or approaches for those who want to set up an affiliate marketing site. First is the Resource sites, which are focused the “how-to” type of articles, which are then links to banner ads that you have to click for more details. Second, the review sites wherein you write about the products you’ve tried and give a rating to help online customers decide what to buy. And again, you will be providing a link or an ad that will click through sales on your partner’s site. You won’t have to update the content frequently with this one, once a week tweaking will get you through.
If you are unable to generate revenue in the beginning, don’t lose heart. Continue your hard work. May be, you will need to change the way you sell products but you should never compromise on the quality of your blog. It can bring you back to zero.
Feel free to let us know if you use some other strategy, methods to build backlinks to your site.
Share your views in the comments below.