Do you have a blog or a website, but have no idea how to monetize it? This post will cover basic steps to affiliate marketing for beginners. You will be able to start monetizing your website within minutes.
What Is Affiliate Marketing And How Does It Work
Simply put, affiliate marketing is a way to monetize your website through advertisement. Many companies, big and small, are looking for a way to get in front of as many eyes as possible. By placing advertisements on your website, you are renting your website/blogging space to these companies.
Take a look right below. This is an advertisement. Once my account was created, I was able to grab a code and enter into this page. Now, anyone who is reading this article will see this ad and I will get paid.
There are a number of different ads that affiliate networks and programs offer. Some companies pay for pay per view ads, while others pay per click, per lead, or per purchase.
How Much Will I Get Paid Through Affiliate Marketing
There is no set number you will get paid. You may get paid more or less than someone else (even if you are running the same type of a website). Your commission will highly depend on how much traffic you are getting to your website, as well as, which types of ads you are using, and how well your website is converting to clicks, sales, etc.
High Paying vs. Low Paying Affiliate Programs
Any extra income is great when monetizing a blog, but you should be aware of what high paying affiliate programs will pay you vs. low paying affiliate programs.
High paying programs are paying anywhere between 15% to 100% of the product cost. The pay per click, lead, or view may pay anywhere between 10 cents to a few bucks.
Many companies sell the same exact products/or similar products. When choosing which one to promote, make sure to look at how much the commission is.
For example, I was promoting a particular product and a company was paying me 10% on each sale which came from clicks on my website. Then, I found another company selling exact the same product, but this company paid out 20% in commission. As soon as I switched all of my affiliate links, I doubled my money!
Most people promote high paying and low paying affiliate programs in order to diversify their website/blog.
List Of Best Affiliate Programs And Networks
Below is a list of affiliate programs and networks I personally use. I find that they are best based on my personal experience, ease of use, program variety, product variety, commission %, and more:
Conversant (formerly known as Commission Junction)
Next Step To Becoming An Affiliate
You can choose just one affiliate program or a few. I recommend focusing on a few different networks, but not go overboard with signing up for all of them. Remember that the key to being an affiliate is to stay focused. Two or three networks will give you enough products to promote. Not all affiliate networks fit every niche. You will first need to figure out which niche you are advertising and then match the proper affiliate network.
Next, visit the above links and sign up for your chosen programs. You will need to submit your website/blog, your personal information, as well as how you drive traffic and how you will promote affiliate links.
In most cases, advertising through a blogging platform and driving traffic from social networks/newsletters will be sufficient enough to be approved.
Make sure that your website is filled out with at least 5 posts, so that the affiliate networks you are applying for can get a feel for what type of website you have. The will quickly decline your application if you submit an empty website.
How Do I Know If I Am Approved For Affiliate Network
Some of the affiliate networks/programs will contact you by email within minutes to let you know if you have been approved or declined. For example, Amazon usually approves everyone the same day.
Other networks may take up to a week to send you an email. Some may even give you a call and ask you some follow-up questions to find out more about your business before they make their decision. If you get a phone call, do not be alarmed. Simply answer their questions and think about how you will be utilizing their ads on your website.
Remember, even if you are declined, it’s not the end of the world. There are plenty of other affiliate networks that will approve you. As you build your business, your website will grow and you may reapply again in the future if that’s something you would really like to do.