Affiliate marketing is a great way to generate sales and income. In the US alone, affiliate marketing has grown from $5.4 billion in 2017 to $8.2 billion in 2020, meaning affiliate marketing is the future.
How are affiliate marketers paid?
Affiliate marketing is an easy way to make money without selling your product. It is a great option for those who want to make money online. However, how affiliate marketers get paid is explained below.
Affiliates get paid in the following way per click
This is the basic payment method. In this program, an affiliate promotes a product, and when someone clicks and purchases that product the affiliate marketer gets paid a commission that was given in the affiliate product.
Pay per lead
Pay per lead is easier than pay per sale because the affiliate marketer gets paid on the conversation of leads. This affiliate must send traffic to the merchant’s website and complete the action which is like signing up, subscribing to our newsletter, filling out a form, or downloading a file of Software.
Pay per click
The affiliate marketer is greatly about generating traffic to the advertiser’s website and wanted that the customers click and take the required action.
So, affiliate marketing is all about SEO (search engine optimization) however SEO requires much time and hard work so many affiliate marketers utilize PPC ads. PPC (pay per click) programs focus on affiliates referring customers from their marketing platform to the merchant’s website. This means that you are navigating to the merchant site from another site.
PPC has two concepts
CPA (Cost Per Action): With this affiliate, customers receive a commission when a customer visits a merchant’s her website and performs a required action (e.g. action). B. Registration on websites, responses to surveys, etc.
EPC (Earnings Per Click): Means the amount of money an affiliate earns when she clicks your affiliate link 100 times.
Pay per install
With this payment system, the affiliate gets paid when the customer visits the seller’s girlfriend’s website and installs the app. So if you earn $0.20 for each install generated through your affiliate program and you get 500 installs, the retailer will pay you ($0.20 x 500) = $100.
How to start affiliate marketing
Follow these 4 steps
Step 1: Choose your niche
Your niche is the category you promote to differentiate yourself from other affiliate marketers. My advice is to choose a narrow niche or microniche, like a niche for food and a microniche for grilling. This helps generate more traffic and also helps with SEO (search engine optimization).
Here are some questions to ask yourself to find your niche
what am i good at
what did i like to do
what am i interested in? Finding a good niche that you are passionate about is hard. Successful affiliate marketing takes a lot of time and content.
Step 2: Find an affiliate program to join
There are 3 main types of programs you can participate in
High-priced products with low production volume, few buyers, and high fees
Loo Paying is a high volume product with many buyers but low fees
High rewards, mass production, expensive products for the masses.
What program did you join? It depends on your experience level and your niche or microniche. As a beginner, it is recommended to promote a large amount of low-cost products. Due to the volume of these products, it is easy to generate income through affiliate marketers. Step 3: Create Content
If you want to be successful with affiliate marketing, you need to create and generate content that ranks on Google Search and UserLand for your site and click on your affiliate link.
We recommend not highlighting affiliate links. Focus primarily on content. This is because the user or customer reads the content, clicks on the affiliate link if the content is good, and takes the necessary action to earn a commission.
Step 4: Increase traffic to your affiliate website
First, she builds a website, then she needs traffic so that consumers can visit her website and click on affiliate links.
Here are two traffic strategies
SEO (Search Engine Optimization)
SEO is the ranking of pages and content on search engines such as Google. As long as you rank in search engines, you will get passive traffic. paid traffic
Here you pay for site traffic. This can be done with PPC (pay per click) advertising. Pay-per-click is great because you get traffic the moment you start paying. However, paid advertising has some drawbacks. First, if you don’t make money from running your ads, you lose money. Second, when you stop paying for ads, your commissions stop as well.