If you’ve got a blog or website, you’ll probably want to make some money from it. Many people treat blogging as a hobby and ignore the fact that many people actually earn a living from it. One of the best ways of monetizing your blog is to use affiliate marketing, a simple strategy that can yield great results.
Image Credit – TopCultured.com
How does Affiliate Marketing work?
Affiliate marketing actually woks well at both ends of the scale. Not only does it provide you with a great way of making money on your blog, but it offers your readers something they might need or want, but were previously unaware of. Affiliate marketing is good for the seller because it helps get their product out there, into markets it might have trouble reaching.
In other words, lets say company Z has a great product, but they’re having trouble letting the right people know about it. That’s where you come in. There are simply thousands of affiliate marketing products in hundreds of networks and programs, so there’s usually quite a few products that fit perfectly with your niche. Every customer you send who ends up buying the product, you earn a percentage of the sale.
Some affiliate marketing networks arrange sales differently in that they’ll either offer you a share of the ongoing profits or a flat fee. You might get 20% of the product price for every sale you promote.
Why is Affiliate Marketing so good for blog owners?
Although you’ll normally only get a small cut of the pie, this soon adds up. The great thing about affiliate marketing is that you don’t have to hold any stock, deliver products, or take care of any of the overheads associated with running a business. Just get some of your visitors to click the right link and buy something.You don’t have to force people to buy something they don’t want, that wouldn’t work anyway. Think of it as a service. You’re letting your readership know about something that might interest them, and there’s some incentive in it for you too.
Most affiliates will store a cookie in a user’s browser that remembers who sent them. This is great because even if someone you sent doesn’t purchase straight away, you’ll still get the credit if they come back later. You don’t have to start simply trying to flog unwanted products. You could start a reviewing products or services that might help your readership, whilst including the appropriate affiliate link in case they want it. You could simply carry on as you always did, writing about the things you like, but with a few selected affiliate banners at the side of the page.
Where do I start?
If you’ve decided to give affiliate marketing a go, then you’ve made a good choice. The great thing is that there are thousands of options. Simply search for “affiliate networks”, and you’ll see tons of possibilities. You can narrow the results by including your niche in the search, and there are bound to be a multitude of options.
You don’t have to change the way you blog, simply try and promote a few additional products. You could turn your hobby into a money-making machine.
How much can I make?
The quality of the traffic you send is also important. Some blogs manage to send less visitors, but because those they do send are more targeted and more likely to make a purchase, conversion rates are much higher. Find out if your blog can pay for itself or even earn you a living by joining an affiliate networks and promoting their products.