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It seems ideal, doesn’t it? You set up a website, add a few affiliate links, and start earning the passive income you’ve always dreamed of. Blogging isn’t the only way of making money from affiliate marketing, though. Microsites, email lists, and video marketing are just a few methods people use to generate an online income.

Many bloggers are earning top dollar this way. For example, Ryan Robinson over at ryrob.com makes mid-five figures every month.

Although not everyone is making six figures from affiliate marketing, you can use tips and strategies to improve your site and increase your income.

Affiliate marketing is the process of earning money (commissions) every time you promote a company’s products or services and drive a sale. You only get paid every time you drive a sale, just like a commission-only sales representative.

Now before I dive into affiliate marketing, let me tell you why you should care. Ever since the 4-Hour Workweek was released, everyone seems to have the same goal.

What Is Affiliate Marketing?

Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services. The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.

  • Affiliate marketing is a marketing scheme in which a company compensates partners for business created from the affiliate’s marketing tactics.
  • Digital marketing, analytics, and cookies have made affiliate marketing a billion-dollar industry.
  • Firms typically pay affiliates per sale and less frequently by clicks or impressions.
  • The three main types of affiliate marketing are unattached affiliate marketing, involved affiliate marketing, and related affiliate marketing.

What’s an affiliate marketer?

An affiliate marketer is an individual who promotes other brands’ products and services in exchange for a commission. Pretty much anyone can become an affiliate marketer—it’s simply a matter of finding an affiliate program for which you meet the minimum requirements. Affiliate marketers earn money every time someone converts via their referral.

Is affiliate marketing worth it?

There’s no doubt affiliate marketing is worth it, given its growth in popularity. Statista estimates the affiliate marketing industry will reach $8.2 billion by 2022, up from $5.4 billion in 2017. It’s also a low- to no-cost business venture you can profit from immensely.

While industry growth is a good indication of success, entrepreneurs also take this referral marketing route for a few other reasons.

It’s easy to execute

Your side of the equation simply involves handling the digital marketing side of the building and selling a product. You don’t have to worry about the harder tasks, like developing, supporting, or fulfilling the offer.

It’s low risk

Since there’s no cost to join affiliate programs, you can take advantage of how to make money with affiliate marketing for an established product or service without any upfront investment. Affiliate marketing also can generate relatively passive income through commission—the ideal money-making scenario. Though initially, you’ll have to invest time creating traffic sources, your affiliate links can continue to deliver a steady paycheck.

It’s easy to scale

Successful affiliate marketing offers the potential to significantly scale your earnings without hiring extra help. You can introduce new products to your current audience and build campaigns for additional products while your existing work continues to generate revenue in the background.

Before you get too excited, know that great affiliate marketing is built on trust. While seemingly there is an endless number of products or services to promote, it’s best to only highlight those you personally use or would recommend. Even when a product interests you or fits within an existing hobby, becoming a great marketer for that product takes a lot of work.

Types of Affiliate Marketing

There are three main types of affiliate marketing: unattached affiliate marketing, related affiliate marketing, and involved affiliate marketing.1

1. Unattached Affiliate Marketing

This is an advertising model in which the affiliate has no connection to the product or service they are promoting. They have no known related skills or expertise and do not serve as an authority on or make claims about its use. This is the most uninvolved form of affiliate marketing. The lack of attachment to the potential customer and product absolves the affiliate from the duty to recommend or advise.

2. Related Affiliate Marketing

As the name suggests, related affiliate marketing involves the promotion of products or services by an affiliate with some type of relationship to the offering. Generally, the connection is between the affiliate’s niche and the product or service. The affiliate has enough influence and expertise to generate traffic, and their level of authority makes them a trusted source. The affiliate, however, makes no claims about the use of the product or service.

3. Involved Affiliate Marketing

This type of marketing establishes a deeper connection between the affiliate and the product or service they’re promoting. They have used or use the product and are confident that their positive experiences can be shared by others. Their experiences are the advertisements, and they serve as trusted sources of information. On the other hand, because they’re providing recommendations, their reputation may be compromised with any problems arising from the offering.

Types of Affiliate Programs

If you’re looking to promote your products or services, there are a few affiliate programs you can consider. When choosing an affiliate program, you’ll want to keep in mind the avenues or platforms your audience spends the majority of their time on — for instance, does your buyer persona typically read blog posts, scroll Facebook, or use search engines when researching new products?

Alternatively, is your buyer persona someone who’s always looking for a good deal, and would appreciate a link on a coupon site? Or are they more interested in doing tons of research before purchasing, making your promotion efforts more worthwhile on a review site?

While those are questions you’ll have to consider for yourself, let’s take a look at some general types of affiliate programs so you can begin brainstorming potential avenues for your own marketing efforts:

1. Search affiliates

With this program, you’ll have freelancers or entrepreneurs pay their own money to promote your offer on search results or other online advertising platforms like Facebook Advertising. While you’ll want to ensure your partner is following the search and advertising guidelines, this could work in your favor if your partner has an SEO background and wants to A/B test to see which ads result in the most referrals for you — and most ROI for them.

2. Bloggers/influencers

If there are impressive bloggers or social media influencers in your industry who engage with your ideal buyer persona on a regular basis, you might consider partnering with them. For instance, if you sell kitchen appliances, it might be good to reach out to bloggers or YouTube influencers who post recipes, and ask if they’d feature your product as a “recommended tool” in their next recipe post. Ideally, this would result in your target audience taking a look at your website, and if they like the products you offer, could provide additional revenue for the influencer.

3. Review sites

If you offer a product or service that is more expensive or niche, it’s likely that most of your buyers need to conduct research on that topic before purchasing — if that’s the case, it might be a good idea to research the top review sites related to your product or service, and reach out to the business or writer who published the piece, asking whether they’d be interested in providing an affiliate link to your product or service in the text.

4. Coupon sites

If you’re offering a new product or service that isn’t popular in the marketplace, you might try creating an affiliate partnership with a coupon site for a limited time. While you don’t want to lose money by giving your product away at a discount, it could be effective at getting some first-time buyers to check out your website and become brand advocates.

5. Email marketing

This is best in small doses. You don’t want any partners sending out bulk emails to customers who aren’t interested in your products or services, but with proper consideration for who’s receiving the email, this could be an effective method.

For instance, if you sell design tools, you might reach out to marketing agencies and ask, if they’re working with a specific client on a design project, whether they might consider sending a URL from your site within the body of the email. This could help their clients leverage your tools to create higher-quality content while giving agencies an added source of income.

Why Be an Affiliate Marketer?

What are the reasons to become an affiliate marketer?

1. Passive income.

While any “regular” job requires you to be at work to make money, affiliate marketing offers you the ability to make money while you sleep. By investing an initial amount of time into a campaign, you will see continuous returns on that time as consumers purchase the product over the following days and weeks. You receive money for your work long after you’ve finished it. Even when you’re not in front of your computer, your marketing skills will be earning you a steady flow of income.

2. No customer support.

Individual sellers and companies offering products or services have to deal with their consumers and ensure they are satisfied with what they have purchased.

Thanks to the affiliate marketing structure, you’ll never have to be concerned with customer support or customer satisfaction. The entire job of the affiliate marketer is to link the seller with the consumer. The seller deals with any consumer complaints after you receive your commission from the sale.

3. Work from home.

If you’re someone who hates going to the office, affiliate marketing is the perfect solution. You’ll be able to launch campaigns and receive revenue from the products that sellers create while working from the comfort of your own home. This is a job you can do without ever getting out of your pajamas.

4. Cost-effective.

Most businesses require startup fees as well as a cash flow to finance the products being sold. However, affiliate marketing can be done at a low cost, meaning you can get started quickly and without much hassle. There are no affiliate program fees to worry about and no need to create a product. Beginning this line of work is relatively straightforward.

5. Convenient and flexible.

Since you’re essentially becoming a freelancer, you get ultimate independence in setting your own goals, redirecting your path when you feel so inclined, choosing the products that interest you, and even determining your own hours. This convenience means you can diversify your portfolio if you like or focus solely on simple and straightforward campaigns. You’ll also be free from company restrictions and regulations as well as ill-performing teams.

6. Performance-Based rewards.

With other jobs, you could work an 80-hour week and still earn the same salary. Affiliate marketing is purely based on your performance. You’ll get from it what you put into it. Honing your reviewing skills and writing engaging campaigns will translate to direct improvements in your revenue.

7. Do Not Underestimate the Power of SEO.

There’s a ton of organic traffic you can get from search engines if you do SEO properly. The days when Search Engine Optimization was about cheating Google are gone. Today, it is about making your website better for visitors. People naturally look for information online. That’s why you should learn the basics of on-page SEO, keyword research, and link building to be the information source they find first. Who wouldn’t want to rank #1 for terms such as “best product” or “product review” in Google?

How Do Affiliate Marketers Get Paid?

A quick and inexpensive method of making money without the hassle of actually selling a product, affiliate marketing has an undeniable draw for those looking to increase their income online. But how does an affiliate get paid after linking the seller to the consumer?

The consumer doesn’t always need to buy the product for the affiliate to get a kickback. Depending on the program, the affiliate’s contribution to the seller’s sales will be measured differently.

These ways are-

1. Pay per sale.

This is the standard affiliate marketing structure. In this program, the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies. In other words, the affiliate must actually get the investor to invest in the product before they are compensated.

2. Pay per lead.

A more complex system, pay-per-lead affiliate programs compensate the affiliate based on the conversion of leads. The affiliate must persuade the consumer to visit the merchant’s website and complete the desired action — whether it’s filling out a contact form, signing up for a trial of a product, subscribing to a newsletter, or downloading software or files.

3. Pay per click.

This program focuses on incentivizing the affiliate to redirect consumers from their marketing platform to the merchant’s website. This means the affiliate must engage the consumer to the extent that they will move from the affiliate’s site to the merchant’s site. The affiliate is paid based on the increase in web traffic.

Best High Paying Affiliate Programs

Below are the Best High Paying Affiliate Programs for you guys.

WPX Hosting

Click here to see Main Article on WPX Hosting.

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WPX Hosting is a managed WordPress hosting provider. The company is co-owned and founded by Terry Kyle and an Australian entrepreneur behind renowned SEO forum trafficplanet.com and SEO services like cloud boss. pro and bluechipbacklinks.com. Founded in December 2013, WPX Hosting is growing rapidly to be one of the major players in WordPress hosting. It is the only hosting service approved and recommended by Thrive Themes. The core pillars of WPX Hosting are Speed, Service, and Security.

SEMRush

Click here to see Main Article on SEMRush.

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  • Commission: 40% recurring
  • Cookie life: 10 years

the brush is the affiliate program for SEMRush, a SaaS company that specializes in SEO and competitive analysis tools for digital marketers. Their affiliate program offers a 40% recurring commission over the lifetime of a referral’s subscription, which translates to up to $160 per month per referral. Plus, they offer a very generous 10-year cookie life.

Plus, since BeRush functions under a first cookie attribution model, if a referral were to cancel their subscription and sign up again in the future (within 10 years), you still get a commission on that second subscription.

Exclusive SEMRush promotional material is available in five different languages and applicants are automatically pre-approved, so the sign-up process is only a few minutes, enabling you to get started right away.

Bluehost

Click here to see Main Article on Bluehost.

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  • Commission: $65 per sale
  • Cookie life: 45 days

Bluehost, a web hosting platform that supports more than 2 million websites, offers a phenomenal affiliate program for any business or entrepreneur looking to monetize their blog or website. If you promote Bluehost’s products or services on your own blog or website (either through custom banners or links), you can earn anywhere from $65 to $130 per sale generated from your website — an incredibly high fee.

Best of all, it’s free to join their affiliate program, and Bluehost offers reliable tracking to ensure you get credit for each lead you provide them. Plus, Bluehost offers affiliate managers who can offer support or personalized advice.

Crowdfire

Click here to see Main Article on Crowdfire.

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  • Commission Rates- 35% per recurring payment for the first year

The company has a referral program from which participants can earn. After signing up for this program, you are going to be given a referral link and when anyone signs up to Crowdfire using this referral link, you get 35% of all the payments they make to Crowdfire during the first year. There are no limits to the number of people that you can refer and, in turn, earn through this referral program. The minimum amount you can cash out is $50 and Crowdfire claim to pay this money to participants

One of its greatest strengths is the easy way you can use it to post a wide range of content across all of your social channels. It also claims to be the first social media management app that supports posting to TikTok, which could be particularly useful to brands targeting a youthful audience.

You can use Crowdfire to post to virtually every social major social network, as well as sharing your material from a surprisingly large selection of blogging platforms, online shops, and video sites (YouTube and Twitch). It does this using a clean interface, making it straightforward to send a single post to all your selected social networks, yet customize your message for each account.

Advantages and Disadvantages of Affiliate Marketing

Affiliate marketing can yield great rewards for the advertising company and the affiliate marketer. The company benefits from low-cost advertising and the creative marketing efforts of its affiliates, and the affiliate benefits by earning additional income and incentives. The return on investment for affiliate marketing is high as the company only pays on traffic converted to sales. The cost of advertising, if any, is borne by the affiliate.

The advertising company sets the terms of an affiliate marketing program. Early on, companies largely paid the cost per click (traffic) or cost per mile (impressions) on banner advertisements. As the technology evolved, the focus turned to commissions on actual sales or qualified leads. The early affiliate marketing programs were vulnerable to fraud because clicks could be generated by software, as could impressions.

Now, most affiliate programs have strict terms and conditions on how to generate leads. There are also certain banned methods, such as installing adware or spyware that redirect all search queries for a product to an affiliate’s page. Some affiliate marketing programs go as far as to lay out how a product or service is to be discussed in the content before an affiliate link can be validated.

So an effective affiliate marketing program requires some forethought. The terms and conditions must be clearly spelled out, especially if the contract agreement pays for traffic rather than sales. The potential for fraud in affiliate marketing is possible.

Unscrupulous affiliates can squat on domain names with misspellings and get a commission for the redirect. They can populate online registration forms with fake or stolen information, and they can purchase AdWords on search terms the company already ranks high on, and so on. Even if the terms and conditions are clear, an affiliate marketing program requires that someone monitor affiliates and enforce rules.

In exchange, however, a company can access motivated, creative people, to help sell their products or services to the world.