We are Going to discuss everything we know, related to affiliate marketing and how you can earn Money working from home, in 2023
The Corona situation has been pretty intense during the past couple of years.
What started out as a small scale infection, spread across oceans swallowing the livelihood of most business owners and local artisans!
And how can we forget the intense episodes of continuous lockdowns ruining our mental health and highlighting our already existent antisocial personalities!?
Alright! Let’s not go down that bizzare memory lane!
But every sour has its sweet and in this case it is the booming of online businesses!
This category gained a lot of traction in the past couple of years thanks to continuous lockdowns, which led a lot of people to understand the importance of passive income and a side hustle.
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And the thing that topped the game of easy breezy online businesses, was and is
But have you ever wondered why it is a favored child in the room!?
Worry not fellas! We got you!
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Below we will discuss every aspect on how to start affiliate marketing with zero capital in 2023.
Lo and behold! as we present to you the ultimate affiliate marketing model!
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Let’s start from the basics:
1. What is affiliate marketing?
Affiliate marketing is basically a promotion. Many people bear the misnomer that it is related to only posting Amazon links but it is much more than that.
It is a general term for promoting businesses or products for a certain cut or commission.
This could be in the form of personally sponsored products by the owner himself or other medium such as links, referrals and honorable mentions.
Through a different perspective, Amazon in fact is a giant affiliator in itself, besides being a supply chain.
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You would be surprised to know that affiliate marketing was the most preferred choice among social media enthusiasts as being the best way to make money from home in in recent time.
Interesting right!! Wait until you hear more!
Most content creators having an average engagement of ten million per month are estimated to make more than 5 figures from affiliate marketing alone.
There you have your question answered.
Can affiliate marketing make you rich?
With the right amount of followers and high engagement, the answer to this question is a bold ‘YES!!’
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Thus in a nutshell, affiliate marketing is a promotion-commission cycle wherein everybody is at the profit’s side. Moreover every company have their affiliate programmes to attract customers and increase their reach.
Honorable mentions would be Flipkart, Shopify, Zara along with domestic service providers such as Walmart, Hellofresh, Grub Dub. This promotion can be through your website, blogs, social media platforms, videos, comments etc.
We will discuss every possible method of affiliate marketing in a separate heading Below but first let’s take a look at the prerequisites to become an affiliate marketer.
Prerequisites to become a successful affiliate marketer:
In the Blueprint to start a successful affiliate marketing business there are 5 factors that play a major role in maximizing your earning potential:
- High blog or website traffic
- Importance of selecting a singular niche
- Correct product selection
- Genuine reviews
- Intelligent ad placement
Let’s look at them one by one in a brief
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1. High blog or website traffic:
As we discussed in our 8 ways to earn money directly through Facebook article the cheat code to earning money from the internet is building a strong audience base.
Views are the soul of affiliate marketing.
More the amount of people visiting your website, higher is the click rate, and more is your commission!
There are numerous ways how you can increase your website or blog traffic:
Here are 6 ways how you can boost your website traffic:
- Posting quality and organic content:
- A special emphasis on high quality, Search Engine Optimized content with perfect research and a good understanding of the audience mentality.
- Excellent promotional skills along with sponsorships for your content or site.
- Regular collaborations to encourage network growth and exposure.
- A proper balance between organic and advertisement traffic.
- Consistent upload schedule.
- Choosing a singular niche and sticking to it rather than putting your hands in more than one dish and messing it all up.
We will be discussing this particular subject in grave detail in our upcoming posts.
So stay tuned!
2. Importance of selecting a singular niche:
It is crucial that you select a particular category and build your audience base around it to ensure a maximum click rate by catering to a singular audience base with similar interests.
It is advised to not select more than two or three niches as it brings confusion, thus less credibility, less interest and thereby a lesser click rate.
The audience should not feel as though they are watching an unnecessary advertisement.
For example, if you are building an audience base that visits your website for fashion related content and you post affiliate links of electronic gadgets, it is but natural for visitors to not click on the links and avoid them like regular advertisements!
Henceforth, this is an ignored yet a crucial step in determining your business success!
2. How to select the right product to market?
It totally depends upon the niche your followers are built on!
However, it is always best to research beforehand and get an edge in the market with the flexibility that this field provides in the product selection arena
Down below we have compiled a few ways which can help you with this!
There are 3 ways to go about it:
- Basic product selection through amazon itself
- Websites to help you in your research
- 20 high yielding product categories
- The basic product selection:
There are numerous ways how you can select the high yield categories. The best bet to place is searching for the product on the Amazon product search tab after you sign up as an associate. The products that pop up right at the top are mostly the high selling ones.
It is always better to start with those. Moreover, whenever you search for any product, keep an eye on the ratings and reviews.
They are an excellent way to guage the product’s quality and the best place to know it’s customer satisfaction
But to help you out with it even more we have researched a few websites that you can refer to in order to search for a high performing product:
2. Websites to help you in your research:
- THE MUNCH EYE:
This website specializes in new launches in freshly launched product categories.
It provides you with the search volume data and ratings of newly launched products so you make sure you don’t get left out from the recent trends.
It also gives you an idea of the constantly changing market and the constantly changing product preferences.
Moreover in the calendar feature, you can also learn about the new products that are going to be launched in the market,
which will help you to have an upper hand in the marketing and product selection game and also in selecting the product with least competition
2. AFFBANK: THE GOLD MINE FOR AFFILIATES:
This is also an amazing told to help you out with your affiliate marketing journey
Herein, you can find the most popular offers in your niche, do a complete payout comparison and the select high pay out network so as to get a higher commission rate
An advertising network feature is also present wherein popular advertisement network research is provided to you so you can gauge the traffic volume of a specific product and then select according to your eaae.
It is a bit complicated and mostly used for software based services but an advanced feature to use once you have established an online presence!
3. THE RYAN ROBINSON BLOG
A dedicated affiliate marketer cum blogger Ryan Robinson is an affiliate market who specializes in this field and shares his regular income reports
He regularly updates the high yielding product categories along with the revenue generated every single day
He in fact even breaks down his incomes according to the categories which is extremely used for your research
Truly and amazing website to follow up with!
Top 20 best selling product categories!
We understand you when we say it can get tricky to search out for your best match when it comes to finding the right products. Henceforth Below we have compiled the top 20 unique yet high search volume products for your consideration!
You might be surprised by some!
- Resistance Bands
- Portable Car cleaner
- Teeth whitening strips
- Security cameras
- Beard oil
- Cats and Dogs beds
- Phone and Laptop Skin
- Yoga mats
- Ayurvedic skin care products
- Gardening tools
- Jigsaw puzzles
- Posture correctors
- Desktop chairs
- Power tools
- Baby clothes
- Fairy lights
- Vintage Rugs
- Solar power tools
- Menstrual cups
This was a complete guide on how to select the right product to market for affiliate marketing!
3. Understand your audience: Every person that visits your website has a different budget range for their purchases.
Henceforth, providing the same product in different price ranges from various sources, with a clear description added about the same is a crucial step in making sure a person of every category clicks and buys from your link.
4. Genuine reviews: It is always better to select high quality products and prioritizing customer satisfaction over more profit margins.
It may look in the beginning but it ruins the influence you have on your audience.
Selecting a quality product category
Not only is it good for the image of your website but also a positive way of creating an audience base that buys from your link repeatedly.
Remember QUALITY should always be a top priority in the affiliate game.
5. Intelligent ad placement: This is a grocery store situation. The aisle labeled as dairy is bound to contain milk cheese and all the dairy stuff. The beauty aisle is bound to contain all the beauty products. But what if the dairy aisle is stocked up with beauty products and vice versa? Confusion and Frustration right! This is the importance of correct ad placement and positioning.
The ad should always be placed AFTER the product is reviewed or mentioned and not anywhere else in the article as the link is readily visible to the reader and thus irresistible to check out on.
The links for videos should never be hidden away with a click rather exposed to the audience, because the visitors will not take an extra step of going away from the video and clicking on it.
Remember, the game of marketing is all about pleasure to the eyes!
Now onto the most important part of it all
Step by step guide on creating an amazon affiliate account:
When we hear the word ‘Affiliate’, the one image that pops up in our minds is of an Amazon logo.
But in reality, every other big online business has their own affiliate programs to attract customers and popularize their platforms.
Some pronounced examples would be Flipkart, eBay, shopify, alibaba, even local grocery store chains like the dollar store, Walmart, Hellofresh, Grub-hub, the list goes on.
But the most pronounced out of all these is the Amazon affiliate programme.
And trust me when we say this, creating an amazon affiliate account is a cakewalk, thanks to the Amazon affiliate program for making it absolutely bearable and far less complicated than other programmes.
Below the present to you the step by step guide to become an affiliate marketer:
Search for Amazon associates in your Chrome’s search tab and then click on ‘Amazon associate Central’ are shown in the image:
Sign up by entering all the necessary credentials to create an Amazon account.
However if you out already have one, just log into it and you are good to go for the next step:
Next up a ‘Your website and mobile apps’ tab will pop up onto your screen.
It’s basically a tab wherein you’ll add the places that you’ll be posting your affiliate links.
It does not necessarily have to be an app or a website.
You can add your YouTube channel link, your Facebook page Link, your website link, your instagram page link, your blog link, anything but it has to be in a link format.
Make sure you add these items correctly to avoid any discrepancies in your link- functioning after you post them!
The window looks as below
Once you are done with the above, a product table opens up where you can search for products.
Just type a keyboard of the desired product in the search tab and an array of results will pop up
Click on the ‘GET LINK’ tab of the product that you’d like to start working with!
(p.s. We have already discussed all the methods that you can use to select a high performing product! Just give that a read and you are good to go!)
After you’ve selected the product, just click on ‘GET LINK’ tab
It will open to a window as shown below.
Click on text only and you will get your personalized link in the space as shown below.
Make sure to have a manageable short link in order to avoid confusions and discrepancies of the otherwise!
And Viola! There you have your Amazon Associates account!
Whenever you post this link on any platform, the Reader will be redirected to the exact page of the product as it is in the amazon app.
This is also amazing as it will establish credibility to the reader that he or she is buying from the right website!
What are sticky cookies on amazon?
One of the most amazing features that Amazon has been brought up recently
It is basically like an add on in your revenue.
When a visitor visits through your associate link and adds the products in their cart you get a virtual sticky cookie for 24 hours. Now if he checks out and accepts a complete purchase, you’ll get a commission on every item that is qualified for advertisement.
Moreover, if the visitor closes the browser window without placing the order, your cookie remains until 24 hours.
If the customer bought all the products that were added in their cart, your cookie expires and you’ll not be getting a combined product commission for any subsequent purchases by that customer.
However, if the customer visits your amazon associates link again a new 24 hour slot starts and a new cookie is added to your account!
Moreover if the visitor added the products and did not buy them after the 24 hour window you will still earn a commission whenever the purchase is complete upto a period of 90 days for the products that were added to the cart during the 24 hour window!
Surprisingly enough this makes up about 20% to 30% of an affiliators revenue.
It’s clear from the above that Amazon is taking its affiliate game very seriously!
Trick not known to many but extremely useful to get complete benefit from your account!
What are the commission rates for different product niches?
As all of us are well aware of, every product category has different commission rates directed by the commision rate policy by amazon.
The dashboard looks something like the image below
Luxury and beauty centric products yield a much higher Commission whereas digital and healthcare products yield a much lower cut.
Now this does reflect as a con of Amazon affiliate marketing program
Let’s take an example of a 2% commission rate for the video game category.
As shown above, if you want to make a standard $100 day you need to sell at least 40 units to achieve the daily target
And that is a lot of sales!
Average click rates are high but the amount of people that buy from them is quite low, estimated as just 40 to 50 buyers or less per 1000 clicks.
That is also a reason why amazon associates are a perk of a strong and large audience base!
The best cheat code to this problem is to look for either a higher quantity everyday use product or high commission rate luxury product.
That way you ensure benefits whatever the click rate is!
Now onto the major question
Ways to marketing your affiliate link
There are numerous ways where you can post your links and make the bank!
We’ve compiled the best ones out of the basket for you!
1. Creating YouTube videos: such as top number Amazon product reviews, comparison videos, direct affiliate link addition in the description, making short YouTube comparison reels are the best way to get about the affiliate game.
The best part about this?
You do not have to reveal your identity or show your face and you speak to the point so you know that the audience that you attract a quite interested in your product category a good example of this is a YouTube channel given below the views are in the range of 1000 and so will be the click rates this is just a direct example of how focusing on a particular generous such as affiliate can yield higher results
2. Posting links on Facebook Videos, reels, Groups, in the comments or in general into the community!
3. Websites and blogs: are also an amazing way of achieving a higher click rate. But this again is a perk of good site traffic.
4. Instagram: is one big advertisement platform and posting links in here is a common practice. However, you cannot post a link under every post on instagram! Want to know how to tackle this problem!? Wait a minute and turn on your notifications until we release our EVERY METHOD TO EARN MONEY FROM INSTAGRAM!
5. Whatsapp forwards and recommendations: are also less popular yet a considerably good method of popularizing your link.
It’s crazy to see how the world is evolving nowadays.
We are able to sit in the comfort of our homes and make thousands of dollars without setting of foot on the road
This is nothing but pure magic and here we are to help you with every method that you can use to earn money online in 2023.
So follow up on our series and you will be a sure shot in the game of online business!
Happy Money making!