How To Make Money with Affiliate Marketing Updated for 2024
Affiliate marketing is the fastest way to make money online. You can easily learn how to earn commissions using affiliate marketing.
In this post I’m going to share the 5 steps you need to know that can get you earning extra income within 24 hours.
AI is the new secret weapon for affiliate marketing
How Affiliate Marketing Works
With affiliate marketing you can either be the vendor or the affiliate. Vendors provide products and affiliates sell other people’s products.
You can become an affiliate with the company and products that you choose. If you are an affiliate selling another vendor’s products, you don’t have to purchase, store or inventory anything.
In many cases they create the advertising and the website, all you do is point people to the ads or website links. It’s really that simple, and you can start making money online instantly.
Find a sponsor for your web site. Get paid for your great content.
Different Ways to Make Money with Affiliate Marketing
The best thing about being a vendor or reseller with an affiliate marketing is that other people are actually working for you… on commission. This allows you to sell your products 24/7 and it is a win/win situation. You can let other people build your business for you.
Every day you can have people selling for you. Or, if you don’t have products you can sell theirs. Most of the best affiliates have successful products, so they have taken care of most of the selling for you.
Bottom line, affiliate programs work.
How To Get Affiliates Selling for You
If you have products and affiliates selling for you, reward them financially and recognize them for good work. Respond to the trends and needs of your audience. Find a program that has reoccurring revenue and then pass some of the profits along to your affiliates.
Depending on the nature of your business, there are many affiliate programs available. You can sell others’ products on your site through links or you can sell your products through affiliate websites.
Find a sponsor for your web site.
Get paid for your great content.
All of this can be done with little or no knowledge of programming and in some cases even without a website.
This new secret weapon for affiliate marketing destroys everthing.
Affiliate Marketing Statistics
While the numbers vary depending on the source and the time frame, there is no doubt that affiliate marketing is a multi-billion dollar industry. The data and research available is vast, but should provide enough evidence to motivate you to grab your market share.
5 Steps to Start Making Money Online with Affiliate Marketing
1. Choose Your Niche Market
You’ll probably want to choose a niche that interests you. For instance if you like to fish, then choose a market that caters to fishing A simple google search shows over 500,000,000 results for fishing. Then you’ll want to get specific, like maybe fishing lures. The more specific your niche is, and the more passionate you are about the market, the more likely you are to succeed.
Here’s a great video to help you choose your niche.
SIDEBAR – Do you like helping people? Start a community and make money!
2. Setup a Website Tailored to Your Niche
Get a domain and website from a web hostingcompany to place your affiliate links. We like Hostgator and they host most of our sites.
You don’t need anything fancy, just choose a domain that caters to your niche and then use one of the free templates available to build your website.
You can use your affiliates links and graphics on your site, so you don’t have to worry about designing them. Once you get the site built you’ll want to drive traffic to your site with offers.
You can generate traffic from social media sites for free. Later on you can setup a blog and capture pages to build your list, but that’s not important now. In reality you don’t even have to have a website, but it will be important later as you develop brand.
3. Setup Accounts with Affiliate Marketing Companies
Find a sponsor for your web site using ShareASale and get paid for your great content. You can browse and find merchants that offer products in your selected niche.
One of the original sources for finding affiliate offers is LinkShare, they are one of the earlier pioneers and have a huge inventory of vendors to choose from.
Another CPA affiliate publisher you may want to check out.
4. Choose Your Affiliates
It’s recommended that you purchase and use the affiliate products that you promote. If you want to get started quickly, and you’re not already using these products, obviously you’ll have to develop that over time. But, this will make reviews easier as you can attest to the quality and reliability of these products or services.
Once you find some products you feel comfortable with, setup an account and let the vendor or supplier know how you’ll be promoting them.
5. Start Promoting Your Affiliates
There are many ways to promote affiliate partners, so you can be creative here. In some cases you can direct link directly to their site, so you don’t even need a website. In other cases you may write a blog like this one or write reviews.
If you have an email list then you can promote to them. The most creative marketers are usually the ones earning the big commissions. The more people who see your ads or promotions, the more likely you are to create sales.
Affiliate websites must attract lots of targeted traffic to succeed. That’s where blogging can help you when your articles are related to your ads. It’s best to employ a mix of marketing strategies to increase your traffic to your website.
Here are a few ways to increase traffic:
- Paid Advertising – Google, Facebook, Bing
- Free Advertising – Craigslist, Backpage, IBO Toolbox
- Blogging and Articles – Blogger, WordPress, Ezine Articles
- Email Advertising
E-mail Marketing
E-mail Marketing is valuable to building your business. Most visitors to your site will not buy and are likely to never return. So it is important to capture their names and e-mail addresses so you can stay in touch. Aweber is a great resource for email marketing and offer a free trial to get you started.
Many of the big time marketers have their own systems that you can plug right into and start making money. One of the best affiliate marketers I’ve found is Alex Hormosi.
Hormosi is entrepreneur and teaches others how to scale their businesses. As co-owner, in his Skool Community he shows you how you can generate income from the internet and clone his entire system.
Marketing with Artificial Intelligence (AI)
This just in… Robots are taking over. Have you heard of bots? chat bots? Well the text below was generated using AI and ChatGPT.
Artificial Intelligence and chatbots have revolutionized the way businesses interact with their customers. With the ability to communicate with customers in real-time, chatbots have become a popular tool for providing customer service and support. AI-powered chatbots can learn from customer interactions and provide personalized responses to inquiries, making them an efficient and effective way to handle customer queries. Chatbots can handle a wide range of customer inquiries, from basic support questions to more complex issues that require the intervention of a human representative. Additionally, chatbots can work around the clock, providing 24/7 support to customers.
Chatbots?
One of the key benefits of AI-powered chatbots is their ability to continuously learn and improve their responses. As chatbots interact with customers, they collect data and learn from the interactions, enabling them to provide better responses and improve their accuracy over time. With advances in natural language processing, chatbots are becoming increasingly adept at understanding and interpreting human language, making them even more effective at providing support. As AI technology continues to advance, chatbots will become even more intelligent and capable, enabling businesses to provide faster, more efficient customer service while also reducing costs.
Revolutionary AI Bot can explode the Conversions of almost ANY Website.
So, now you know what to do, all you have to do is get started. If you follow these steps you can literally start making money with affiliate marketing in the next 24 hours. BUT, you have to take action.
“The way to get started is to quit talking and begin doing.”
~Walt Disney
I’m going to quit talking so you can begin doing…
All the best,
Barry
Barry Page is a recognized author and publisher of multiple blogs, websites and videos. He is a leading expert on private banking and internet marketing. He specializes in showing families how to increase their happiness, health and prosperity. His business is based in Ocean Springs, Mississippi and he services clients throughout the country.
Disclosure: We get paid commissions as an affiliate for some of the links on this website. We are a professional review site that receives compensation from the companies whose products we review. It is our goal to try and test each product thoroughly and base our recommendations on those experiences. We are independently owned and the opinions expressed here are our own. Each individual’s success depends on their background, desire and commitment. As with any business endeavor, there is an inherent risk of loss of capital and there is no guarantee that you will earn any money.