Affiliate marketing is an increasingly popular way to make money online, especially for new website owners who don’t have enough traffic to sell their own products or services yet. But if you do want to earn money from your website, you’ll want to use affiliate marketing wisely. Here are some tips that will help you do it right and start earning money from your website today!
To get started, first you need a website or an existing WordPress site. If you have neither of these things, but are willing to pay for hosting and a domain name, I recommend SiteGround’s inexpensive shared hosting services . It’s what I use for all my websites (I even host my work sites on it), and it works great for beginners and intermediate users alike.
Once you’ve got access to hosting that allows PHP, MySQL and Apache (you’ll be able to tell based on whether it asks you which version of PHP you want installed), installing WordPress is easy. There are several good guides online, including WPMUDEV’s step-by-step guide . The next thing you’ll need is some high-quality content.
This is often one of the first things that newbie bloggers want to explore when they decide they want to monetize their site. There are a lot of affiliate networks out there—and most of them offer different types of products and services.
When you sign up for an affiliate network, you’ll provide it with your affiliate ID—the code that tracks sales—and then display (either via text or a link) any information about its affiliates that it gives you. The sales tracked by your affiliate ID can be attributed to you, which will help establish an income stream with said network.
What are Affiliate Links?
Affiliate links allow you to make money by promoting products and services from other websites. The key benefit of affiliate marketing is that it allows you to be an entrepreneur. You could have a brick-and-mortar store, but if no one ever comes in, you still won’t make any money.
But if you have an affiliate link for Amazon on your site and someone buys a book about dog training, for example, Amazon will give you a small commission for referring that sale.
How much can you make with affiliate marketing?
To understand how much affiliate marketing can bring in, consider that you can sell a product for $25 and get anywhere between 20% – 50% commission. If you have a high volume of traffic going through your site then those percentages go up significantly.
The other benefit is that it doesn’t matter what niche you’re in because there are people in every niche that need what you offer. So if you have a high volume of traffic going through your site then affiliate marketing will likely be very profitable for you.
Even if you don’t have a website, you can still cash in on lucrative opportunities. Check out options like affiliate marketing and selling products directly through social media sites.