How to Make Money with Affiliate Marketing
Affiliate marketing is the process of earning a commission by promoting other people’s or company’s products/services. You find a product you like, promote it to others, and earn a percentage of the sale as a commission.
The commission is varied by company. To make money with affiliate marketing, you need to understand what exactly are you selling, to whom, and why are you selling it. Creating an accurate customer persona can help you to make money with affiliate marketing.
After you finished your market research and understand your customers, now is the time to learn the simple formula of a passive income with affiliate marketing.
How to Make Money with Affiliate Marketing Click To TweetThe Simple Formula of Passive Income with Affiliate Marketing
( Passive Blog Income = PV x CTR x CVR )
This is it! Pretty simple, right? Ok, now let me explain it!
- PV = Pageview
A pageview is the total number of pages viewed/loaded.
- CTR = Click-through rate
The click-through rate is the percentage of how many people click on (affiliate) a link or advertisement.
- CVR = Conversion Ratio
Conversion Ratio is the percentage of how many people clicked and purchased products through (affiliate) a link or advertisement.
Let’s assume that you are running a bakery, a pageview is the total number of customers who visited your bakery. Click-through rate is the percentage of how many people have interested in buying bread at your store. Conversion Ratio is the percentage of how many people purchased the bread at the end.
The more customers visited the store, the more chance to promote your bread. The more chance to promote your bread, the more possibility to sell the bread. The more you sold the bread, the more you make the money!
Affiliate monetization is the same method as this.
FYI: Power bloggers monitor site visitors and use lead generation to boost sales on their websites.
Now, How to Increase Your Pageviews?
I’m sure most of you heard about SEO and/or Keywords before. Pageviews are strongly associated with this SEO and/or Keywords.
Let’s test your SEO knowledge here!
Question: Which keywords are the most successful to sell a language learning app called “Hello World”?
- Effectiveness of language learning apps
- The 10 best language learning apps
- Hello World language learning app review
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Are you ready for the answer?
The answer is number 3!
Why?
The keyword “Effectiveness of language learning apps” would bring a lot of visitors who have interested in language learning apps. But these visitors are interested in the effectiveness of language learning apps, not buying it.
The keyword “The 10 best language learning apps” would bring fewer visitors than the first keyword, but most visitors have interested in language learning apps. These types of people are maybe considering buying language learning apps.
The keyword “Hello World language learning app review” would bring the least visitors compared to the previous two, but all the visitors have interested in the “Hello World” language learning app. These types of people are considering buying the “Hello World” language learning app.
Therefore, number 3 is the most successful keyword to sell the language learning app called “Hello World”!
These keywords are also profitable: recommendation, how to start, compare, how to buy, step by step, cheapest, coupon, pros & cons, etc.
If you are going to sell a language learning app called “Hello World” using an affiliate link, use a high-traffic keyword as a title.
Next, write the effectiveness of language learning apps as an intro then introduce multiple language learning apps including reviews. In the review, don’t forget to include the Hello World language learning app with an affiliate link.
These keywords tips are useful to any digital marketing, not only for affiliate marketing.
DISCLOSURE: This post may contain affiliate links, meaning I get a small commission if you decide to make a purchase through my links, at no additional cost to you. Please read my full disclaimer here for more info.
Affiliate Programs for New Bloggers
Some affiliate programs reject new bloggers’ applications, so I list up newbie-friendly affiliate programs. Before you start a blog, sign up for these beginner-friendly affiliate programs!
- ShareASale is my favorite affiliate program network! The website is user-friendly and easy to navigate for newbies. ShareASale also offers a large selection of affiliate programs. (pay-per-sale, pay-per-lead, and pay-per-click) If you want to make money through affiliate marketing and blogging, I highly recommend this! (Join ShareASale affiliate program here)
- Bluehost is a host of WordPress services. For every visitor who clicks through affiliate links and signs up, bloggers will receive $65. (Join the Bluehost affiliate program here)
- Amazon’s affiliate program is easy to join and use! Bloggers will earn up to 10% in advertising fees. (from Qualifying Purchases, not just the products you advertised) While the commission is small, the thing I like about the Amazon affiliate program is that the population of Amazon users. Most people shop at Amazon which means more chance to earn commission! (Join Amazon affiliate program here)
- Impact is just like ShareASale, all-in-one affiliate marketing platform. If you are a personal finance blogger, I would recommend the Impact affiliate network! (Join Impact affiliate program here)
Affiliate Marketing is not fast cash. You need patience and strong market research. However, Affiliate Marketing is a fantastic method for generating passive income if you can become the connector between companies and consumers.
