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Step-by-Step How to Earn Money with Affiliate Marketing in 2024
Introduction
We welcome all our dear readers. Just like every year, the trends for making money in 2024 are constantly changing. Today I will talk to you about building a very simple and at the same time effective affiliate income system. You may find that affiliate marketing methods are similar to each other all the time. They all claim that you can easily make money with this method. So what to do? Find an affiliate program, get their links, and distribute those links to as many people on the internet as possible. Everything is so simple and money will flow to you like water. Is this a big lie? In some cases yes and in some cases no. Because you sometimes come across very big affiliate marketers. But what are their secrets? I’ll tell you they don’t have one big hidden secret in a particular click-it-and-win fashion. In general, there was no secret. This is a combination of different effective strategies and tactics that many affiliate marketers do not use. You will get to know better and lesser-known strategies of affiliate marketers in this article.
Try to determine your ideal number first. That is your dream car, house, entertainment, etc. identify if any. Write down their prices and see how much monthly income you need to achieve them. The number you will get shows how much money you need and this number is your ideal number. It could be $10,000 per month or it could be $1,000 per month. In general, affiliate marketing is a business model. Of course, these numbers will seem fantastic and unattainable if you treat this work as just a hobby. You can be sure that a disciplined and serious affiliate marketing system will bring you at least $1000 monthly income in no time. So what to do?
Choose the Right Niche
Probably, many of you have already skipped this part, saying that it is very simple. The most complicated part is choosing a niche.
Choosing the right niche at the right time is not easy. It is almost impossible for you to force yourself to choose the perfect niche for 30 minutes. Finding the right niche for you may take days of research. You can be sure it will be worth it. But I can tell you something to guide you. Think before you build an affiliate marketing system. What problems are you going to solve for people? That is, most people think that all they need to do to make money is to post and advertise products. This is just part of it. So what problem are you solving? Therefore, there are several niches where if you get a certain group of people to buy from you, then they will be more likely to buy from you on a regular basis. For example, I give you niches such as Health and fitness, Wealth Creation, and Sex & Relationships. The strongest among them is Health and fitness. Why? Because a person who has a healthy lifestyle has a high chance of getting rich. Because he has a disciplined and precise lifestyle. A person who is healthy and fit, as well as having no financial problems, is certainly more likely to attract partners. Take a look, so you too can identify a niche that suits you.
Promote low-barrier-to-entry products to build your list
Your entry into the market with low-cost products will benefit you more. So you can sell your products at higher prices and aim for more revenue, but this will be a problematic start. Because you can enter the market more easily at low prices. You can also take a big step towards gaining the trust of customers. No one suddenly buys a product by paying $100 from an unknown seller. But if you sell people $10 products, if their quality is high, people will automatically trust you. So people can become your customers and buy your expensive products.
Rebill/Future Offers Rule
See, this is something that many affiliate marketers don’t do, but very few do. This is where the big differences between affiliate marketers arise. TOP Affiliates earn big money in this part. You have to find proposals that offer a subscription program as part of their sales funnel.
This was very easy to find with Clickbank.
- Visit clickbank.com/marketplace and use their advanced filter search
2. Then select Recurring/Future Billing products.
At this time, you will see recurring products on Clickbank.
What is it, you say? Future/Recurring is if customers purchase a recurring product once and you will continue to receive commissions as long as the customer pays to maintain their membership. All you have to do is sell these types of products and see what passive income really looks like.
How to benefit from bonuses?
The only goal of customers is to leave the market with the maximum benefit. The more you benefit your customers, the happier they will be. But what to do in the case of strong competition? With bonuses, you can stand out from other sellers and get ahead. Bonuses should be something very close to the product you are selling. For example, next to the product you want to sell related to sports, you can place a plan and list for healthy eating as a bonus. Always think. How can you maximize customer satisfaction? Make it a priority to offer easy-to-understand, high-demand bonuses that are closely related to the products you sell. For example, it can be digital or physical. E-books, personal coaching, videos, access to subscription sites, templates, consulting, webinars, etc. Don’t forget to set a time limit on your bonuses. For example, you can indicate that there are 3 hours or 2 hours left until the bonuses expire. Because if people leave your site, they probably won’t come back. Usually, the customer buys the product and sends you the check, and you send the bonuses. To automate this: visit https://bonuspress.com Finally, remember that bonuses don’t have to be anything crazy or rare. It is enough that it should be simple and useful.
Collection of mailing lists
See, this part is very important. You should collect your customers’ emails from the first day you start affiliate marketing. You should make a list and keep in touch with them through emails. Of course, no one wants to be the type of salesperson who sends 10s of emails every day that everyone hates. We don’t even talk about this kind of thing. It makes more sense to send sales posts after you send them useful and interesting emails before sales emails. Send emails to the e-mail accounts on the list every 2-3 days. Never send aggressive e-mails like click on the link and getting the product. Instead, give them information, point out the positives, and post links where they can get more information. You can sometimes think about avoiding sending emails, but make sure that one of the most important factors is the email sending system. That is, do not cut off contact with customers. If your emails are interrupted, you will be forgotten. There is a very sharp and heavy competition on the Internet.
Stack Your Traffic
Of course, when we talk about the mailing list, we must mention that first you need to attract people to your site so that you have e-mail data in hand. Therefore, attracting traffic to the site is a very important factor. I would like to divide into 2 parts like primary and secondary traffic sources. First-class: I can show sources like Google Ads, Facebook Ads, Microsoft Ads. Although they are expensive, they are also the most beneficial. Examples of secondary sources are www.admarketplace.com, www.redditinc.com/advertising, https://nativeads.com.
Promote Solid Sellers
When you first start affiliate business, you will have a hard time getting links from some of the sellers. But when you develop, you will see that you will receive offers from sellers. You will recognize some of these vendors by name and promote their links. But many of them you will encounter for the first time. So how do you determine which of these vendors is the best?
Here are the things you should look at:
1. Great support
We need highly supportive vendors. You can pretend to be a customer and write to them. You can see how fast they make a comeback, how they react. Because no customer will wait 2 days for a response to an email. Are they serious about their business? This can be determined by observing and analyzing their products.
2. Affiliate tools
Be sure to check if these sellers are investing in their affiliates and businesses? Are affiliate tools available? For example: Images, Emails, Banner Ads, Text Ads.
3. Good EPC ( earnings per click )
A search PPC campaign (Google or Microsoft) is one of the most beautiful and simple ways to measure product liquidity and conversion rates.
4. Commissions
If you are selling physical products or services, then the commission you should expect should be around 10%. If we are talking about digital products, pay attention to commissions of 50% and above.
5. Sales Funnel/ Backend commissions.
Make sure they have upsells and downsells in place that you get credit for.
6. YouTube video links
Try to ensure that sellers do not post youtube video links for their products. Why? Because after customers click on the product link, they will see the YouTube video there. If he clicks on the YouTube post, the customer will immediately find himself at www.youtube.com. Customers can watch different videos and lose focus. Therefore, you can talk to the seller and ask for an alternative link without a youtube link or create your own page.
Networks that offer good commissions that I recommend to you:
Pro tips, analysis, ideas and experiences
If you have chosen the right niche, you will have the opportunity to promote many similar products. For example, if someone is interested in making money online, there is a high probability that that person is also interested in weight loss and fitness products. Because a person who aims to earn a lot of money will also think about his health and body shape.
Be sure to research what the 80/20 principle is. I can even recommend you a book called The 80/20 Manager by Richard Koch. So why did I emphasize this principle? Because 80% of your income will come from only 20% of all your traffic, all of your visitors to your site, all of your customers who log in and out. Even these percentages can narrow down to 5%, in which case the strategy you have to do is very simple. You should focus more on your 5%-20% traffic sources. You will build your strategy on your customers, who are the basis of your income. I encourage you to explore these principles.
When placing ads on Facebook, Google, Microsoft, one of your most effective weapons is the images you share for your ads. Make sure it represents your product in the right way and will attract attention. But don’t go robotic either. Don’t be afraid to sometimes push the boundaries using weird images. It is very important to analyze the CTR (click-thru rate) percentages of these ads. So, ads on Google usually have CTRs of 0.03-0.08. But this is certainly variable. You will not be able to compare ctr rates after the first 1-2 clicks on your ads when analyzing. Because these percentages will change often. You can safely analyze in at least 15-20 clicks. As the number of clicks increases, CTR percentages will decrease.
Now I will give more interesting and shocking information. Did you know that 94% of the traffic that visits your site leaves within 10 seconds? Only 6% stay to look at the product and even less of them buy. So you think that you need to send more traffic to the site so that you can get more income. No, it won’t change your result much. So what to do? That 94% of traffic that leaves your site within 10 seconds must be retargeted to your website with other methods, other product recommendations, bonus offers, etc. Make 94% of your traffic bounce back to your site again. Know this so that once you leave your site, forget about the possibility of this traffic coming back. Therefore, build a return system on your website again. Do your research on it.
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