Many people think that it is difficult to make money through Affiliate Marketing. Probably it is because of the jargon and the use of technology like affiliate links. Some people believe that earning money through direct selling is easier to manage. What many do not realize is that the potential to earn out of Affiliate Marketing is limitless. Let us now take you into the journey of your affiliate marketing career.
What is Affiliate Marketing?
Simply put, Affiliate Marketing is an activity where you sell the goods or services of other people, not yours. In exchange, these merchants give you a fraction of their profits.
How much can you earn from these sales? Many affiliate programs offer a minimum of 10% from the sales price. Some will offer up to a whopping 50%. So imagine if the sales price is $100.00 USD, you get $50.00. Multiply this by 100 sales per month and you get $5,000.00 USD per month. And this is only for a single product.
In a nutshell, you need to look for merchants who have affiliate marketing programs. Once you find one, you need to sign up for the program and you will receive a link. This link for is unique for every affiliate marketer. This is your identifier.
What you need to do with this link is to put it out on the web. You can either hyperlink to a word or to a picture. Anybody who clicks this link will be taken to the merchant’s website. If this person makes a purchase, the merchant will know that you were the referrer. After the cut-off, the merchant will distribute the commissions to all his affiliates.
Selecting What to Sell
Just what exactly is a niche? We have heard this so many times but its definition remains elusive. A niche is a specialization. It is a topic or an area that you can further breakdown. An example of a niche is toys. You can break this niche further down into drones or remote control cars. Another example is beauty products. You can drill down this niche further into make-up or perhaps whitening products.
Without the right niche, you will not become profitable. How can you sell something when you are selling everything?
The niche you select must be something that you really find interesting. Better yet, it must be a niche where you have a certain degree of expertise on. Selling a product that you like makes work enjoyable. As a result, you do not view your efforts as labor but you look at them as fun and fulfilling activities.
The niche you select must also have a high demand. Despite doing what you love, you cannot earn money if there is no demand for the product you sell. There has to be enough people out there who are willing to buy what you are offering.
A profitable niche is something that has a lot of potential to scale and develop. The best example that we can give you is digital products. Selling digital products can be a great way to achieve your financial goals. The product you choose must also have the backing of many companies that offer affiliate programs.
A great example to demonstrate this is the niche of weight loss. Perhaps you find it exciting to help people learn and understand ways on how to lose weight. You feel satisfied to help people live healthier lifestyles. Weight loss is considered as an “evergreen” niche because it is a product that people will always be interested in.
Another example is pets. This is a billion dollar industry and pet owners spend crazy amounts of money for their pets-from food to toys and pet clothing. You name it. You can sell books about pet training and healthcare.
The key to selecting a niche is finding the right balance between your interest and its potential to earn. You need to concentrate on topics that you love, and at the same time these topics must be marketable.