Interested in tapping into the billion-dollar affiliate marketing industry? According to Statista, business cost on affiliate marketing will hit $8.2 billion in the U.S by 2022.
Start today, and you’ll be in a main position to take advantage of that.
What is affiliate marketing?
Affiliate marketing is when you promote other companies’ products. When someone buys through your personal affiliate link, you get a commission.
As an affiliate, you’re a salesperson for the brand. You help to make a sale, the company rewards you.
The best thing about affiliate marketing is that you can do it at scale. A typical salesman only sells products from one company. As an affiliate marketer, you can promote products from various companies and earn commissions from all of them.
How does affiliate marketing work?
The merchant gives each affiliate a unique link so they can track who was responsible for a sale. When someone clicks that link, a small file called a cookie gets stored on their device.
An affiliate cookie does two things:
It helps the merchant attribute the sale back to the right person;
It (usually) holds an expiration date, so you get paid even if the consumer delays their purchase.
Here’s an example of how this works.
Imagine that a reader visits your post about the best winter shoes. They click on one of your affiliate links, leading them to a product on Amazon.
But they realized they have to do another thing, like picking up their daughter from school. So they leave their house, pick up their daughter, have dinner, and then finally go back to Amazon where they find the product again.
Since they’re already shopping on Amazon, they decide to purchase some ski gear too.
Here’s the good news. Earlier, they clicked on your affiliate link and a cookie was stored on their device. Because Amazon has a 24-hour cookie duration, you get compensated for both the winter shoes and ski gear—even though you didn’t promote the latter.
How much money can I make as an affiliate marketer?
The simple answer is that there is no limit. It depends on your niche and the amount of effort you put in.
The most successful affiliate marketers make six or seven figures a month.
For example, Pat Flynn from Smart Passive Income made over $100,000 in affiliate commissions in December 2017.
Keep in mind even though that these people have done an excellent job building their reputation. It’s taken them years of hard work to reach this achievement.
You need to manage your expectations. You won’t earn the big bucks right off the bat, but don’t let this discourage you.
The success of others tells you that with hard work, time, and the right knowledge, you can probably reach those levels as well.
How to get started with affiliate marketing
- Decide on a platform
Actually, you can do affiliate marketing on any platform. Even Instagram works. However, it’s much easier to build a followe and increase your affiliate sales via one of two channels: a blog or YouTube channel.
Starting a blog today is relatively easy and cheap. There are plenty of templates online that teach you how to get started.
Once your site is up, optimize it for search engines so that you have a better chance of ranking. From there, you’re free to add affiliate links in your content. There is an art to doing this.
The other platform is YouTube. Creating and uploading content to YouTube is free, which makes it ideal for many people. Optimize your videos for SEO, and include affiliate links in your description.
What should you note is that you’ll need to disclose the fact that you’re including affiliate links. The Federal Trade Commissions (FTC) requires you to be transparent when receiving income from an endorsement.
- Choose your style
To be honest: if you’re starting a blog today, you’re facing a ton of competition. Statista estimates that the number of bloggers in the U.S will reach 31.7 million by 2020.
To stand the best chance of success, niche down.
Choose a topic that focuses on a specific category. For example, the topic of “food” is an enormous category. Rather than tackling that, try something more specific, like grilling food.
Keeping your topics tight can help you build a more focused audience and potentially help you rank higher in search engines. That’s what I did when I built my first site. Instead of talking about “dance” or “hip hop,” I decided to limit myself to just breakdancing.
Now, if you’re going to be the main content creator, choose something you’re interested in.
- Find affiliate programs to join
Which affiliate programs to join? This depends on your niche and level of expertise.
I recommend the Pongoshare most. Unlike rewardStyle platforms, Pongoshare is not somewhat exclusive because you could apply and get accepted into the program automatically. That means, if you apply for it, you could be one of the influencers of Pongoshare.
With higher commision, it offers multiple products, brands, and retailers on their site, allowing bloggers to share affiliate links on multiple social platforms.
Pongoshare does not have an unique app, no need to download.
First of all, you need to sign up and create an account on Pongoshare website. Then, choose products. Once your account is created, you can choose the product you like in the product pool and create your personalized referral link. Commissions are tied to your unique links. At last, share your links and start earning.
Share your referral links on your blog, social media posts, in your e-mails, or wherever you’d like and watch the commissions roll in! Users can search and follow their favorite bloggers, search for shoppable inspiration, and save items to their wishlist all within their like-to-use platform.
Just don’t expect life-changing income or the freedom to quit your work overnight. Affiliate marketing takes time.
Focus first on making your first affiliate sale. As your site grows, set new goals, and continue experimenting.