The lure of affiliate marketing is undeniable; who can resist passive income?
But to make that passive income happen, you have got to put in some work first.
To succeed in affiliate marketing, there are a number of crucial steps you must take before you earn that first affiliate profits. And these steps are, well … not passive.
The good news is that if you’re determined to make this work and are willing to put in the time and effort, you’re already well on your way to affiliate marketing success.
All the work you put in is to help you make your first affiliate marketing sale. There is nothing like a first sale to motivate you and make you keep at it.
So, what do you need to do to get started?
Few Steps to Earning Your First Affiliate Commission
We've broken down the process into few steps for affiliate marketing beginners. Following this guide will set you on the right course and have you earning your first commission in no time.
1. Choose a Niche
Before you even begin building your first website, you’ll need to decide which niche you’re going to target.
Obviously, if you don't know what your site is about or who you're going to target with it, you can't really build a site around it...can you?
If you’ve already figured this one out, way to go! This is undoubtedly one of the most difficult and overwhelming steps.
If you don't quite know what your niche is yet, here's some advice that you might find useful.
Some key questions to ask yourself when determining your niche are:
What topics am I already passionate about?
It's much easier to work on something if you're passionate about it. Plus, when you have a passion, you're usually quite knowledgeable about it too, so that definitely helps. For example if you have a passion about about makeup, your niche of choice might be makeup related, too.
Is there money in this niche?
While following your passion is definitely the recommended option, sometimes the possibility of making money in a profitable niche trumps passion. So, you might not necessarily know much about your niche, but if it's likely to make you money, you can always learn more about it, right?
The topic you choose must have enough depth that you can create a lot of content for it. This is important for building an authoritative site, for search engine optimization, and most importantly, for the end user. If you don't have enough content about a topic, you're not going to be taken very seriously as an authority on the topic and it's unlikely you can convince someone to make a purchase from you.
Is there room in this niche for another affiliate marketer?
There are several profitable niches that are also very popular among affiliate markets (e.g., weight loss). Before jumping on board with a hugely popular niche, make sure there's enough room for you. That is — will you be able to make money and compete with already established marketers? If not, keep looking.
Is there enough interest in/demand for products in this niche?
The niche you choose might draw enough interest from your audience when it comes to reading and acquiring knowledge, but are they willing to buy relevant products too? Without consumer interest in products, your niche isn't going to make you much money.
Are there affiliate programs available in this niche?
This is obviously a crucial factor to consider. You might come up with an idea for a niche you know a lot about, but are there affiliate programs for the niche? No affiliate program = no sales. Time to look for a different niche.
2. Research Affiliate Programs
Once you've decided on a niche, it’s time to find out what’s out there in terms of programs and products to promote. You've probably already done a bit of research for this while researching your niche — now you need to dig deeper.
Choosing an affiliate program will take some work, but don’t be afraid to invest a significant amount of time into it because this is, of course, where your income will come from. Choosing the right program will make it well worth your while! When choosing an affiliate program, keep these key points in mind:
What type of merchants use the program/ affiliate network?
You want to make sure other similar sellers are also using the network, as this can help you gauge your likelihood of success with the particular program.
How much commission are you likely to make from the products?
Make sure you sign up for programs that are profitable and generate a sufficient return in on investment. Some tips:
If using ClickBank, products should have over a 50% commission (preferably 60%), and have a high gravity rating (meaning they’re in demand).
For CPA (cost-per-action) programs, commissions should be over