How To Make Money Online As An Affiliate Marketer
5 Ways To Increase Your Affiliate Commissions
Affiliate marketing is a business model that offers marketers a plethora of alternatives. I will show you 5 ways to increase your affiliate commissions, so you can learn how to completely realize that potential to start earning a lot while doing little.
The term passive income refers to any source of income that does not necessitate your constant attention and care.
If you wanted to sell a mobile app, for example, you could theoretically release it on the app store and then let the sales team in. You may then retire to a tropical island and continue to make the same amount of money.
Many internet marketers fantasize of being able to make money while they sleep. Not only because… well, that’s clearly incredible, but also because it implies that the business model is extremely scalable. If you can make one successful app, you can make a hundred. You won’t have to work any harder, but your profits will have increased by a factor of 100!
The issue with releasing an app is that it necessitates skill, time, money, and luck. The average person cannot simply decide to release a best selling app.
That is the bad news.
The good news is that there are other ways to earn passive income. Some of these techniques are incredibly simple but extremely effective. The best part is that they are accessible to anyone.
Affiliate marketing is one such technique. I’m here to tell you that it’s past time for you to sit up and take notice of this option. Furthermore, it’s past time you started doing things correctly.
Affiliate marketing is a system that anyone can use to begin earning passive income online. It is error free and does not necessitate any technical knowledge. The only reason more people aren’t doing it is because they either don’t know about it or don’t believe it’s as powerful and effective as it is.
Simply put, if you invest a couple of hours each evening in affiliate marketing, you can expect to eventually earn enough money to quit your day job.
What’s the best part? You don’t even have to create your own product. You don’t even have to design your own marketing materials. To begin earning money for yourself, you will simply duplicate an existing business model. It’s a business plan that you can copy and paste. See, it’s fool proof!
Okay, so it’s not completely foolproof. Now, let’s get into the 5 ways to increase your affiliate commissions.
Tip #1: Have A Variety Of Products and Services
The first tip is that if you want to get the most out of your affiliate marketing activities, one of the most important ways to do so is to diversify your product offerings.
That is to say, you should be selling items other than eBooks. Many marketers prefer eBooks because they are more likely to use platforms like JVZoo and Clickbank. Of course, eBooks have no overheads or delivery costs, which allows creators to offer much higher commissions.
But while that all sounds good, selling eBooks also limits your market drastically. Why?
Because a lot of people don’t buy eBooks.
Think about it:
• Does you grandparents buy eBooks?
• How about your cousin that doesn’t even read?
• How about any of your friends who aren’t into internet marketing and don’t read self-improvement?
This is why, contrary to what many blogs may lead you to believe, physical products are still by far the most popular sellers on the internet.
As a result, if you sell those, whether through Amazon, another affiliate program, or a direct deal with the manufacturer, you will be able to make significantly more sales and thus more money.
However, this will also allow you to offer some products that are significantly more expensive. What if you were to sell a college MBA course, for example?
Yes, there are programs that allow you to do this and as you can imagine, the profit potential is enormous.
Similarly, you could use something as simple as Amazon Associates accounts to sell gaming laptops, which can cost $3,500 or more! Even 4% of that is still more than $100.
Tip #2: Use The Proper Tools
If you have a lot of different products and services to sell on your website, it can be difficult to keep track of everything.
- How do you figure out what makes you the most money?
• How do you go after the money that you haven’t received?
• How do you go about creating links for each of those different products?
The solution is to use a tool like Trackanomics or Genius Link. These enable you to quickly find and add various affiliate accounts, as well as generate links from those products. Furthermore, they will allow you to track the performance of each.
Both of these tools have Chrome plugins, which means you can simply navigate to a page where they sell what you’re looking for and then click a button to generate the necessary links automatically. The only catch is that Trackanomics is only available for $500 per month.
Beginners may want to stick with Genius Link, but this also gives you an idea of how much money the really big brands are making from this process!
Tip #3: Make Use Of Top 10 Lists
Then you have a plethora of options for selling these items.
You no longer need to market aggressively to other internet entrepreneurs: you can now create top 10 lists with excellent SEO to attract repeat customers.
Let’s return to the gaming laptops. Assume you want to compile a list of high priced laptops that will bring new visitors to your site and result in conversions.
What might someone look for if they want to buy those products?
The NVIDIA GeForce RTX 3090 is currently the best graphics card available.
Most people will want that if they want to buy a high end gaming laptop and it also guarantees the product will be expensive.
We can quickly go to a keyword research tool like Keywordtool.io and see that the best phrase for this is NVIDIA GeForce RTX 3090 graphics card. That has a search volume of 2,400 and we can be confident that the majority of people searching this phrase have the “intent” to buy from you!
If you include some bullets in your post along with your SEO, your link may appear in the SERP’s with a rich snippet, resulting in much higher click through rates. Write a great article and you’ll see an increase in conversions as well.
Tip #4: Create an Enthusiastic Audience
Using the above mentioned strategy, you could sell a large number of products from your website without having to build a regular audience. Having said that, it is still strongly advised that you take the time to build that audience.
When you take the time to cultivate an audience that trusts you, you become a thought leader and an influencer. When it comes to conversions, this makes all the difference.
When someone knows you and believes in what you have to say, they will be more likely to listen to your product recommendations.
They are aware that they like your style, and you have spent time building a relationship with them. Not only that, but you’ll have spent time and effort specifically targeting the right people.
To get to this point, you must focus on consistently producing fantastic content in your niche while also maintaining a strong social presence. Concentrate on relationships and communication, make your followers feel as if they know you.
When it comes to writing content, the goal should be to provide an original perspective on a topic and to only write about something you’re passionate about. This is the difference between rehashing existing content (which may also be outdated or of poor quality) and writing something new and interesting that no one has heard before.
Simply put, you can’t become a thought leader if you don’t understand the subject and are simply repurposing other people’s content!
Create a strong brand, understand your target demographic and avoid attempting to appeal to everyone. If you do this, you will grow quickly and increase your engagement by a factor of ten.
Tip #5: Use Pay Per Click
Long term readers are now purchasing from you, as are first time visitors who found you on Google. You can significantly increase your revenue by combining sales from these two sources.
But we’re going to take it a step further by throwing in some PPC for good measure. PPC stands for Pay Per Click and it is a type of advertising provided by Google and Facebook. This enables you to pay for advertisements only if someone clicks on them.
This is significant because it assigns a monetary value to each visitor to your website. You can devise a strategy that guarantees returns if you know your conversion rate and the amount of profit you make from those conversions.
Now that you have this information in your back pocket, I hope you can start to increase your affiliate commissions. If you are just getting started out and not sure what will work for you, take this FREE quiz to see what affiliate program is suited for you.
Disclosure For Articles:
* If you purchase anything through a link in this article, you should assume that I have an affiliate relationship with the company providing the product or service that you purchase, and that I’ll be compensated in some small way at no extra cost to you.
