Can You Actually Make Good Money With Affiliate Marketing
This Guide Teaches You How To Make Money With Affiliate Marketing While You Sleep!
If you’ve been looking for ways to make money online, you will almost certainly be directed to make good money with affiliate marketing.
Disclaimer: I am an Amazon Associate; therefore, this post may contain affiliate links for me to earn a commission. RuralMoney.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
Table of Contents
- This Guide Teaches You How To Make Money With Affiliate Marketing While You Sleep!
- Do You Only Get Paid When Making A Sale?
Affiliate marketing is one of those trends that’s been around for a long time, yet many people still don’t understand it.
Everyone claims they are the best way for you to generate a decent passive income.
Nevertheless, it’s good to be skeptical.
Can you actually make good money through affiliate marketing?
Or, is it one of those things that seem too good to be true – like online surveys.
People always say you can make money taking surveys, but the reality is you barely make pennies and need to do hundreds per day.
Thus, today’s post will take a longer look at affiliate marketing and how much money can genuinely be made from it.
In turn, this will give you a better idea as to whether this is a smart choice.
We’ll begin with a very obvious question that plenty of you are asking right now:
What Is Affiliate Marketing?
Affiliate marketing is a concept that involves three main parties:
- The affiliate (this is you)
- The business
- The customer
Put simply, the affiliate will earn a commission when a customer makes a purchase from the business. Ah, but how does that work?
Does any purchase suddenly mean an affiliate gets a commission?
No, what tends to happen is an affiliate will be given a special link that has a code in it.
This is your affiliate link, meaning it tracks people that click on it.
So, when a customer clicks on the link and then makes a purchase, the affiliate will get paid for it.
Essentially, affiliate marketing uses other people to promote products/services for a business.
As the affiliate, your job is purely to spread the word about the company you’re working with, generating as many sales as possible.
Do You Only Get Paid When Making A Sale?
In most cases, affiliate marketing works by paying the affiliate when they generate a sale for the business.
In this sense, you’re kind of like an unofficial salesperson for the company!
However, there are other ways that you can make money:
- Pay per lead
- Pay per click
- Pay per install
Sometimes, an affiliate will have different goals other than generating sales.
Some companies will ask people to direct traffic to their website, with the hope of creating more leads.
They want people to sign up for mailing lists or provide their information in other ways.
Here, affiliates can make money by simply generating leads.
You get consumers to go to the website and complete the desired action, earning a commission on each lead.
Although no sales have taken place, you can still make money.
Getting paid per click is another similar approach.
Here, the focus is firmly on generating web traffic for a business.
A company wants to get more people to their site, so they will pay affiliates for doing this job.
You drive more traffic and get paid every time someone clicks your link and visits the site.
Sometimes, you still need the individual to complete an action – like signing up – before you get money.
The final method of payment is usually reserved for businesses selling software applications.
They want people to download their apps, which is where the affiliate comes in.
Again, it’s the same premise, but with a different aim.
You get paid when people download and install the software – simple!
How Much Can You Make Through Affiliate Marketing?
Ultimately, this is the big question you want to answer.
How much money can you genuinely earn through an affiliate marketing campaign?
Well, you’ll be annoyed to hear that the earnings do vary dramatically.
This is unlike a normal job where you get a set wage.
Instead, the amount you earn will depend on different factors:
- How good you are at directing people to click on your links
- How much money the affiliate program pays out
- How committed you are to the job
With that in mind, you have a complete spectrum of potential earnings that you might sit on.
Some affiliate marketers will only earn a few hundred dollars per month – if that.
But, these are usually individuals that aren’t good at affiliate marketing and don’t put much time and effort into it.
On the other end of the spectrum, you have committed affiliates that treat this like a job.
They invest time and money into creating ways to encourage lots of people to click their links.
They also sign up for multiple different affiliate programs, ensuring they can tap into lots of different markets.
Consequently, recent data suggest that affiliate marketers can earn an average of just over $50,000 per year – with some earning as much as $73,000!
Consequently, you can genuinely make a good living through affiliate marketing.
It certainly isn’t one of those things that sounds too good to be true.
If you know how to play your cards right, this can be something that takes over your full-time job and lets you generate a passive income.
How Do You Become An Affiliate?
Realistically, there is only one step required to become an affiliate marketer.
All you have to do is join an affiliate program, and you get your lovely little affiliate link.
Technically, you can now make money.
However, this is only one tiny step in your journey to becoming a big earner.
Are There Any Tips For Becoming A Big Earner?
Following on from the previous question, becoming a successful affiliate is more complex than simply signing up for an affiliate program.
If you want to give this a go, you should listen to the following tips:
Pick A Niche
To start, you should find a niche that speaks to you.
Consider what your interests are and what you are knowledgeable about.
Do you love technology?
Are you a gaming nerd?
Is fashion a passion of yours?
Find something that you genuinely enjoy talking about and creating content around – this will be key if you want to make a lot of money.
From here, you can start looking at affiliate marketing programs within your niche.
Thus, you will only promote products that align with your interests.
It is so much easier to get people to trust you and click your links if you know what you’re talking about and believe in the brands you’re promoting.
Build An Audience
The most successful affiliates can rely on a regular audience to hang on to their every word.
You should create a blog and social media accounts where you can create content.
The content should be relevant to the products/businesses you’re trying to promote.
Write blog posts about certain topics, and then include your affiliate links within the content.
The same goes for social media – make posts that attract an audience, but have your affiliate links standing by to encourage clicks.
Once you’ve got an audience, it is much easier to make regular money because they trust and support you.
So, they’re more likely to click on your links!
Research Affiliate Marketing Programs
Don’t opt for the first affiliate program you can find – do as much research as possible.
Pay close consideration to how the programs will pay you.
Do you have to generate sales, or is it done on a pay-per-lead/click basis?
Obviously, you want to partner with the highest-paying programs, meaning you can make more money.
At the same time, don’t make the common mistake of only joining one affiliate program.
Remember, you are not employed by the companies you promote – you can literally promote their rivals at the same time.
In fact, the best way to maximize revenue is by having lots of affiliate links for multiple programs.
This is why finding a niche is super important as it lets you promote lots of different products from different companies.
Let’s say you love gaming.
You can partner with companies that sell keyboards and mice, but you can also have affiliate links for companies that sell monitors, desks, chairs, speakers, headsets, and so on.
All of these products speak directly to your target audience, but you can utilize numerous affiliate programs to generate links and make more money.
Be Consistent And Realistic
What are the odds of you making a fortune the moment you become an affiliate marketer?
There’s a very slim chance you’ll see instant success unless you already have an established audience.
In most cases, you will have to start slow and gradually build your way up.
Be patient, but also be consistent.
The more active you are, and the more content you put out there, the more chances there are of links being clicked.
It’s a process, but once you get the ball rolling and start seeing consistent links, you can earn an absolute fortune!
To summarize, you can definitely make good money through affiliate marketing – but only if you know how to do it correctly.
Spend some time researching the topic and creating a platform to promote things to your audience.
From here, the sky’s the limit!
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