Affiliate Marketing Tips For Beginners 2023
Newbies Business Affiliate Guide
Learn how to earn money online through affiliate marketing. This comprehensive guide covers everything from choosing the right products to optimizing your strategy for success.
Affiliate Marketing 101: A Beginner's Guide to Monetizing Your Website
[How To Make Money With Affiliate Marketing For Beginners]
If you’re brand new or a complete beginner to affiliate marketing, we recommend reading through this easy to understand guide with high quality tips to help and make sure you understand the basic concepts of how does affiliate marketing work and how you can use it successfully and effectively in your business.
If you’re already somewhat familiar with affiliate marketing, you can still get real value from this guide.
Related Guide: Affiliate Marketing Tips And Tricks PDF
What is Affiliate Marketing?
Affiliate marketing is a type of performance-based marketing model where affiliates earn a commission for marketing a company’s products, which can be physical or digital in nature. When someone purchases a product or service using your affiliate link (sometimes called a “referral link”), you earn a commission on that particular purchase. Unlike other advertising types which pay based on clicks, actions or views, affiliate marketing works on a revenue commission model.
Affiliate Marketing is a popular business model to make money from home that can be lucrative for those who want to start without much investment in terms of time or money as long as they provide quality content and an affiliate program that gives good commission rates, as well as having the skill set to promote other's products successfully (building an audience).
Affiliate Marketing can also be a good reason for starting a new online business or even making existing businesses more profit as well as faster in this cutting-edge era of technology where the internet marketing industry is growing at an explosive rate, so you need to be part of it if you want to earn money online today. I’ve always been an advocate of creating multiple streams of income and I think we all are nowadays since we live in a world where most of us have financial obligations and expenses that can never be put on hold forever.
Especially the covid-19 pandemic has taught the world a whole new harsh lesson as many became jobless or facing continuous financial drawbacks.
However, this has also ironically created a new work from home economy never seen before in the job marketplace.
This can be your big opportunity to capitalize the trend on affiliate marketing in 2022 as well as 2023. One of the top reason people are choosing to start an affiliate marketing business is simply because it is easy to monetize your content with affiliate marketing programs.
In addition your potential earnings are unlimited and you can keep scaling up your income at your own desired pace.
To start affiliate marketing, all you need is a platform and a blog to publish content. Then, you’ll choose a product or service to promote. After that, it’s all a matter of publishing great content and growing your audience.
Don’t have a blog yet?
Check out this step-by-step guide on how to create a blog.
High Quality Affiliate Programs
Here are good examples of six high grade affiliate programs to monetize your content:
NordVPN: If you manage to get audiences to sign up for a one-month NordVPN plan, you’ll get 100% commissions for each valid signup and 30% commissions for all renewals. The commission plans comprise of six-month, one-year, and two-year that have a 40% commission rate.
AWeber: AWeber offers an above industry standard of 30% affiliate commission rate, but keep in mind you will find a lot of experienced promoters with in depth and technical knowledge in software for email marketing.
Fiverr: The Fiverr affiliate program is your best option to recommend digital services like logo designing and web development. Depending on the type service you decide to promote, you could potentially earn up to $1,000 for a single sale.
Teachable: Teachable affiliates earn slightly over $400 per month on average, and several make $1,000 or more on monthly commissions. You’ll earn a good 30% commission for every Teachable subscription. In addition, you’ll keep getting those commissions monthly, as long as customers utilize the platform.
Ecwid: If you’re in the eCommerce industry, a wise choice to consider is Ecwid’s affiliate marketing program, which offers a 20% lifetime commission plans on paid online stores.
Podia: Business software which is an all-in-one e-commerce & digital storefront solutions that gives creators everything they need to sell online courses, memberships, webinars, and downloads, without worrying about the technical stuff. As an affiliate you are eligible to earn a 30% commission every month that your referred customer uses the software. For example if you refer 10 customers who subscribe for the $89/month plan, you’ll earn $267 of commissions each qualifying month.
Making money with affiliate programs is not difficult to start with. In fact, slightly over 30% of affiliates make an annual income close to $20,000 according to a report by affiliate summit. In many parts of the world that is no less money.
A research by Statista estimates businesses will spend as high as $8.2 billion on affiliate marketing in 2022 – more than double than a decade ago.
Once your content is established online, you keep getting commissions without any extra work on your side. This is one of the biggest benefits.
Affiliate Marketing Terminology
Glossary of common marketing terms and syllabus
Affiliate = The person or business who is “affiliated” with the company
Merchant = The company you are affiliated or associated with
Referral link = Your personal unique link which tracks any signups associated with your account
Visitor = Someone who visits the Affiliate site using your affiliate link
Lead = Someone who starts a free trial of an affiliate product or service using your affiliate link
Conversion = Someone who starts a paid account (like subscription) using your affiliate link
Cookie window = The length of time (typically between 30 to 90 days or more) after someone’s visit using your affiliate link during which the company will attribute their conversion to you
Commission = The amount of actual money you earn when people signup using your affiliate link
Start In 5 Easy Steps
How to start affiliate marketing In 5 Simple Steps
Affiliate marketing works best when you find a product you truly understand promote it to your audience/network in natural and genuine ways.
Here’s how affiliate marketing works in a nutshell:
Step 1: Join as an affiliate partner
The first step to becoming an affiliate is to join the affiliate program offered by the product you’ll be promoting. The examples mentioned earlier is a great start.
Step 2: Get your unique referral link
The next step is to grab your unique referral link which is provided to you by the “merchant” - this is the link you’ll use whenever you mention or promote products or services in content. You can always get your affiliate link in your affiliate dashboard whenever you need it.
Step 3: Come up with a promotional plan
Great affiliate programs most likely will have readymade promo materials to help you identify and work with the right audiences, channels, and content you can use to promote companies. If you already have a marketing plan in place, you can skip this step.
Step 4: Create your marketing content
Using your promotional plan as a guide, start creating content that features your affiliate referral link.
Affiliate content can be integrated into newsletters, blog posts, webinars, podcasts, videos, and so much more — if you need more guidance in this area, refer back to their affiliate dashboard or keep reading for more ideas.
Step 5: Start marketing your affiliate links
Once you have high-quality content that includes your affiliate referral link, it’s high time to start promoting to your audience, networks, or in relevant platforms (like social medias). If you’re not sure where to promote, refer back to the affiliate dashboard or resources page for more guidance.
5 Ways To Promote Affiliate Links
Her Are The Best Secret Ways To Promote Your Affiliate Links
Blog Post & Content ideas you can use in marketing your affiliate products
We will use Podia as an example here.
Teach (or show) your audience how to do something using Podia with tutorial-style content.
How to start an online business using Podia
How to build your audience from scratch using Podia
How to launch your first online course using Podia
How to use Podia’s _____ (name of feature) feature
How I use Podia’s (name of feature) in my business
(2) Product review
Share your experience as a Podia customer or provide an honest review around a specific topic that’s related to Podia in some way.
My honest review of Podia
Podia Review - My honest review after using Podia for X years
Podia Review - Is Podia the best way to build an online business? My honest take is inside!
Podia Review - Can Podia really help you consolidate your toolset (and save money every month)? Find out now!
(3) Product comparison
Ever used a product that’s similar to Podia? Compare and contrast your experience (or the products themselves) with product comparison-style content.
Podia vs _____: How they compare
Which should I choose: Podia or ____? Here’s my honest take
Podia vs ____: Which one is best for ____?
Podia vs ____: Which tool has the better value?
Podia vs _____: Which tool is better for newbies?
Podia vs _____: Which tool is easier to use?
(4) Case study or experiments
Has Podia helped you achieve a specific goal? Are you using Podia to test out new ideas or to grow your business in some way? Share your experiences (and success stories) with case study or experiment-style content.
How Podia helped me _____ (insert result/outcome)
How I launched my first product using Podia
How I launched my online business using Podia (without stress or technical headaches!)
How I added _____ new leads to my list using Podia’s email capture tool
How I sold ____ worth of courses using Podia’s FREE Sales Copy Generator Tool
(5) Resource page or post
Does your audience constantly ask you which tools you use in your business or which resources you recommend? Create a directory of everything you recommend by compiling your favorite tools/resources into a “Resource” page on your site or as a blog post.
The top ___ resources I recommend for starting an online business
The top ____ tools I use in my business
The ____ tools I use to (insert results, outcome, goal, etc)
Everything I used to start my business
Everything I use to successfully run my business
A complete list of every tool I use to _______ (insert results, outcome, goal, etc)
(6) Ultimate guides
If you’re interested in creating more robust content, consider an “ultimate guide”- style blog post; ultimate guides are perfect for going deep on a particular topic and also tend to rank well in search engines.
The ultimate guide to building your email list on a budget
The ultimate guide to starting an online business (perfect for newbies)
The ultimate guide to launching a new product in 30 days or less
The ultimate guide to building your email list from scratch (no experience required!)
The ultimate guide to making your first sale
Affiliate SaaS Tools
Free affiliate marketing tools for your audience: create a product or sales page from scratch.
Does your audience need help writing their sales page copy?
Here is a FREE sales copy generator which will generate an effective sales page for any product in minutes.
Is your audience finding a product to sell or a lead magnet to capture email addresses?
Send them to this digital download generator, which will help them create a digital download they can sell or give away for free.
This awesome product launch email copy generator will help you build a complete email sequence using conversion strategies developed by leading digital product sales copywriters with hundreds of millions of dollars in combined product sales.
Avoid This Mistake
Lastly although affiliate marketing is one of the most popular ways to monetize a blog, it is an often misunderstood business model.
Most affiliate marketers are too busy trying to get their referral links and drive traffic to their website instead of focusing on creating good content that will help them convert visitors into customers.
Affiliate Marketing On Google: Guidelines To Follow
[Dos and Don'ts of Affiliate Marketing]
Our Webmaster Guidelines advise you to create websites with original content that adds value for users.
This is particularly important for sites that participate in affiliate programs.
Typically, affiliate websites feature product descriptions that appear on sites across that affiliate network.
As a result, sites featuring mostly content from affiliate networks can suffer in Google's search rankings, because they do not have enough added value content that differentiates them from other sites on the web.
Added value means additional meaningful content or features, such as additional information about price, purchasing location, or product category.
Google believes that pure, or "thin," affiliate websites do not provide additional value for web users, especially (but not only) if they are part of a program that distributes its content across a network of affiliates.
These sites often appear to be cookie-cutter sites or templates the same or similar content replicated within the same site, or across multiple domains or languages.
Because a search results page could return several of these sites, all with the same content, thin affiliates create a frustrating user experience.
Examples of thin affiliates:
Pages with product affiliate links on which the product descriptions and reviews are copied directly from the original merchant without any original content or added value.
The majority of the site is made for affiliation and contains a limited amount of original content or added value for users.
Not every site that participates in an affiliate program is a thin affiliate.
Good affiliates add value, for example by offering original product reviews, ratings, navigation of products or categories, and product comparisons.
If you participate in an affiliate program, there are a number of steps you can take to help your site stand out and differentiate your site:
Affiliate program content should form only a minor part of the content of your site if the content adds no additional features.
Ask yourself why a user would want to visit your site first rather than visiting the original merchant directly. Make sure your site adds substantial value beyond simply republishing content available from the original merchant.
When selecting an affiliate program, choose a product category appropriate for your intended audience. The more targeted the affiliate program is to your site's content, the more value it will add and the more likely you will be to rank better in Google search results and make money from the program. For example, a well-maintained site about hiking in the Alps could consider an affiliate partnership with a supplier who sells hiking books rather than office supplies.
Use your website to build community among your users. This will help build a loyal readership, and can also create a source of information on the subject you are writing about. For example, discussion forums, user reviews, and blogs all offer unique content and provide value to users.
Keep your content updated and relevant. Fresh, on-topic information increases the likelihood that your content will be crawled by Googlebot and clicked on by users.
Pure affiliate sites consisting of content that appears in many other places on the web are highly unlikely to perform well in Google search results and may be negatively perceived by search engines.
Unique, relevant content provides value to users and distinguishes your site from other affiliates, making it more likely to rank well in Google search results.
To avoid other ranking issues, see our guidance on paid links.
Original Source: https://developers.google.com/search/docs/advanced/guidelines/affiliate-programs
Affiliate Marketing Facts
Affiliate marketing is a performance-based marketing strategy in which a business rewards its affiliates for each customer brought about by the affiliate's own marketing efforts.
According to a survey conducted by Rakuten Marketing, 81% of brands and 84% of publishers use affiliate marketing.
In 2020, the global affiliate marketing industry was valued at $12.8 billion and is expected to grow at a CAGR of 10.1% from 2021 to 2028.
A study by Forrester Research found that businesses make an average of $24 in revenue for every $1 spent on affiliate marketing.
One of the benefits of learning from an affiliate marketing expert is that they can provide a wealth of knowledge and experience in the field, including tips on how to select profitable products to promote, how to optimize marketing campaigns for maximum ROI, and how to navigate the legal and ethical considerations of the industry.
Learning from an affiliate marketing expert can also help you avoid common mistakes that new marketers often make, such as promoting low-quality products or using unethical tactics to drive sales.
The fastest way to start making money online with affiliate marketing is to find a profitable niche and start promoting relevant products to your audience through various marketing channels such as social media, email marketing, and content creation.
By learning from an expert, you can save time and resources, and increase your chances of success in the affiliate marketing industry.