How to Become Profitable in Affiliate Marketing
Many people are engaged in affiliate marketing, but not many manage to achieve success and this is a fact.
It’s no secret that this requires knowledge and the right actions, but these actions do not always lead to the desired results.
However, acting on the right knowledge is the key to success in affiliate marketing.
In this short article, I want to share my experience and give some advice on how to become successful or profitable in affiliate marketing.
Effort Required – Long-term effort
First of all, I would like to mention that in order to succeed and become profitable in affiliate marketing, you need to make an effort.
Speaking of effort here, of course, we are talking about hard work because affiliate marketing, although it has certain advantages, success requires a lot of effort and therefore only hardworking people achieve success in this field.
It should be especially noted that here it is necessary to make efforts on a long-term basis before you see the first profit.
Knowledge, effort and patience are required in this online venture.
Because many stop making an effort after 5,6 months without seeing any results and thereby deprive themselves of the opportunity to achieve a profit point.
Many begin to make a profit only after 6-8 months of constant effort. Most often after 12 months of active work.
Focusing on search engine optimization – Effective but Unpredictable
When you start affiliate marketing, you have various methods to achieve your financial goals.
The main task is to bring traffic to your website because it is traffic which is the main key to success in online business.
One of the most popular ways to get free traffic is to optimize your content to rank high on the Google search engine.
This will allow you to get a lot of traffic without spending money.
It is very efficient and profitable. You can get traffic this way for years to come.
However, sometimes the unexpected happens and you can lose top positions on Google and, accordingly, lose all traffic and the profit.
Sometimes there may be no traffic at all. Such is the reality.
Therefore, this method is effective but unpredictable.
Paid advertising: quick success at the risk of wasting money
Many of those who start their careers as affiliate marketers hope that they will be able to get free traffic from Google and become profitable in affiliate marketing.
However, not everyone manages to achieve their goal, as I mentioned above.
In this case, you have to pay attention to other ways, namely paid advertising, which allows you to get traffic quickly.
This method can be both effective and completely useless due to the risk of spending the budget without getting results.
Paid traffic allows, as I said, to achieve results very quickly if you know how to properly set up your advertising campaign.
The most popular method is PPC which is actually targeted search traffic. This is the best type of traffic to achieve your financial goals.
I have a successful experience in buying such traffic with Bing ads (Yahoo).
But I can’t recommend it to everyone because for success you need to have the right product that you promote with high affiliate commissions and properly configured paid advertising campaigns.
Otherwise, you can quickly waste your entire budget without achieving any results.
With paid traffic, you don’t have to wait for Google to send you traffic. You take the whole process into your own hands and speed up the process of achieving your goals.
But as I said above, with paid traffic you have to be very careful because you can either speed up your success or you can speed up your failure.
Promoting digital product vs physical products
Promoting digital product vs physical products
As an affiliate marketer, you can reach a profitable point in a variety of ways. There are several ways:
- Promoting digital products
- Promoting physical products
- Promoting your services
- Display ad network
Promoting digital products – in my opinion, this is the fastest and most effective way to make a profit.
Because a digital product (online course, PDF book, online coaching) is a very popular type of product and because high affiliate commissions are paid for it.
For one sale, you can earn from $5 to $150 and even more than this amount. I say this from my experience. I had days when I earned $200 and even about $500 per day.
Promoting physical products means dropshipping, that is, when you sell a physical product and you can earn more than when you sell a digital product.
But in this case, this type of business requires more responsibility and effort. Therefore, it is less popular than affiliate marketing.
Service promotion is when you, for example, know how to do something professionally (freelancing), such as writing articles, proofreading or translating texts, teaching online, providing financial services, creating websites, creating apps, creating and editing videos, etc.
It is also a difficult but profitable method. The difficulty lies in building a large base of regular customers in order to earn good money.
Display ad network is also a popular way to make money online. It is not required to have a product or be able to do something professionally.
All that is required is to create a lot of useful content and drive massive traffic from Google and then place ads, such as Mediavine, Google Adsense, Medianet, Ezoic.
In this case, big earnings can only be achieved if you manage to bring massive traffic from 1000 to 3000 visits per day. This is difficult to achieve but possible.
High ticket items
Selling an expensive product whether digital or physical is also a good source of profit. In this case, you can bring less traffic and earn more.
This is much easier to do when you’re selling a digital product and harder when you’re promoting a physical product.
I have experience of making money with a low traffic promoting digital products.
The main advantage of promoting digital products is that for digital products merchants usually pay high affiliate commissions and you can quickly monetize your website even with low traffic.
Social activity – Youtube
YouTube is also one of the most popular ways to make money online because it allows you to get massive traffic and monetize it easily.
Success can come unexpectedly, even if your YouTube channel is young. In the case of a website, quick success is almost impossible.
The main advantage of YouTube is that here you can get traffic much faster and more than in the case of a website. However, as in the case of the website, not everyone succeeds.
In any case, this method allows you to achieve high profits and in a short time.
Great article! It provides a comprehensive guide on how to become profitable in affiliate marketing. The tips and strategies mentioned are practical and will definitely help individuals looking to start a career in this field. The focus on building a strong brand and creating valuable content is spot on. Thanks for sharing!