How to start an affiliate marketing business? Affiliate marketing is basically a process of making money by advertising and promoting the products of other companies. And apparently, you’re here to learn to make money with affiliate marketing and create a successful business model around it. So here, we’ll walk you through each and everything you’ll need to get started.
Affiliate marketing is like being a salesperson for a company. You will be paid for increasing the company’s sales. But it’s a little different and better than being a typical salesperson. Because it is scalable and you can even turn it into a source of passive income joining multiple programs and creating blogs related to them.
How does affiliate marketing work?
Every company that offers affiliate programs has some special features on their websites. Be it a trading platform, a social site, or a retail website. They have specific pages that help consumers sign up as partners. And then provide you with a whole section where you can see your analytics and earnings. On each of the products they offer, they will give you a unique link. And if you invite someone through that link to perform a specific action, you will get a commission from the company.
The best platforms for affiliate marketing
affiliate marketing platforms It mainly depends on the niche you are working in. 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 something like that, you should join shopping sites like Amazon.
Affiliate marketing platforms you can start with:
- Amazon Associates
- FT Affiliate
- share a sale
How to Start an 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 from affiliate marketing, we’re going to create a whole business model.
If it’s about making money from affiliate marketing, you can do it by sharing links with your friends and on your social media accounts. But it really is not. let’s build a source of passive income.
1- Join the affiliate program
The first step to making money with affiliate marketing is obviously to join the affiliate program. And whatever the platform, the company itself will provide you with registration instructions. So choose the program that suits your niche and gives you a nice commission on sales.
You will find hundreds of affiliate programs on the Internet. From web hosting, commerce, money transfer, social sites to retail. So do some research yourself to find out which one is compatible with your niche and offers good rates. It could also be other factors you need to consider, such as how popular and trustworthy the platform is. People aren’t going to buy anything from a site that’s just launched and has very few or no consumers.
2- Choose your niche
Another very important step in starting an affiliate marketing business is choosing a perfect niche. As many people are now doing affiliate marketing to earn money, so there is a lot of competition in this field. This is why people often work in niches and sub-niches to generate sales.
You should use some online SEO tools to find out about the competition and demand for that product. And always go for the product that has little competition but high demand. It won’t be easy, but you have to be persistent to succeed.
These niches could be like:
- skin care products
- Grooming products for men
- Mobile phones
- Musical instruments
3- Choose the marketing platform
Decide the platform on which you are going to market your business. It could be Instagram, Pinterest, a blog or a Youtube channel. You can even do them all at once. But it will take you more time.
If you want to get high conversion, blogs and Pinterest are the best option. Because blogs will give you organic visitors, who are literally looking for that product. And Pinterest primarily has a buying audience.
Related reading: 6 ways to make money with Pinterest
- Website / Blog
- 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 other people’s inboxes, stop. It won’t help you. You must first establish a connection 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 income by applying Google advertising. And if you consistently upload content to your blog and YouTube, you’ll rank in search engines faster.
5- Do SEO of your content
Search engine optimization is mandatory for all online creators. By doing proper SEO of your content, the Google algorithm will perceive your content as the exact solution for the search query. And it will 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 in Google SERP. And by applying those strategies you can improve your ranking.
Basic SEO content:
- Keyword research (find uncompetitive keywords)
- 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 yourself, then it’s not a business. It’s like a job or self-employment. To turn it into a passive income generating business for you, you need to create multiple niche and sub-niche blogs and hire others to do the work for you.
Multiple content writers, a graphic designer, and an SEO expert will be required to run a successful business.
Related reading: Start a business from scratch (15 steps)
7- Be constant and focus on the goal
In all aspects of life, you will have to focus on your goals and be consistent all the time during the journey. And you will get obstacles and some bad moments. But all you have to do is be persistent.
- set a goal
- Make a plan
- Work until you succeed