How Does Affiliate Marketing Work?
Affiliate marketing has become one of the easiest ways to make money online. Affiliate marketing allows you to create passive income while working from any where in the world. In order to earn money, you have to refer a new customers to a business. Affiliate marketing is an ideal home business because of the low startup cost and high income potential. Just like any other business, your work ethic will determine how successful you are. In order to consistently generate income, you will need to start an Affiliate Marketing Blog.
Why Affiliate Marketing?
Affiliate Marketing is great because you don’t have to create any products yourself. It is a business model that allows you to scale and grow at your own pace. Depending on what affiliate marketing programs you choose, you can create passive income. Passive income just means you get paid while you aren’t working. It doesn’t mean you don’t have to work though, in order to create passive income you have to put in a lot of time and effort to set up your affiliate marketing programs.
Affiliate marketing is an additional revenue stream that has the potential to grow larger than your other sources of income. It is very inexpensive to start a blog, so you can make your initial investment back with one or two affiliate sales.
Creating your Affiliate Marketing Blog
Affiliate marketing is hard work, in order to be successful you have to create a name for yourself and create valuable content. The first step towards starting you affiliate marketing business is by starting your blog. Bluehost is a very reliable hosting service at the low cost of $4-6 a month. Check out our step-by-step guide and have your WordPress blog up and running within 20 minutes.
Starting a blog requires a lot of brainstorming. You will have to decide what niche you want to blog about. This niche should be a subject you have extensive knowledge of. One of the great things about affiliate marketing, is the fact you can make money promoting a wide range of products and services. This means you will be able to find something to promote within your niche. Health and Fitness is one of the largest niches in blogging. This niche presents many opportunities to promote wellness products and programs that pay high commissions.
What’s Your Niche?
Take time to really think about what you will enjoy writing about. The key to success is to choose a niche you are passionate about. There will be times that you feel discouraged and don’t feel like blogging. If you choose a niche just because of the income potential, it is highly likely that you will slowly lose interest in creating valuable content and establishing your brand.
As I pointed out early, there is potential to make money in any niche. So don’t limit yourself! Think about 5 topics/subjects you love reading about? Who do you follow on Twitter? Is your Twitter feed filled with tweets about sports, arts & crafts, investing, or something else? Think about the topics you like to discuss when your hanging out with your friends or at dinner with your spouse.
Do you have above average knowledge on any of these subjects? I am willing to bet that you know your fair share about one of those topics. Everyone has something they are passionate about, so create your blog based on your passion.
Now that you have chosen your niche, you need to know how you will stand out. In order to turn visitors into subscribers, you need to create content that serves a purpose in their life. A lot of the time this content will help them out. My mission for this blog is to educate others on ways they can make money online. But that’s not enough because once you have money, the most important thing is what you do with it. Once one of my subscribers has started to make additional money, I want to help them save and invest it.
What mission will you have for your audience? Maybe you know how to motivate others to lose weight and live a healthier life. You could be a master chef at home and you want to spread your recipes to others. No matter who you are, you have the ability to educate others and create a loyal fan base.
Now that your blog is up and running, you need to create valuable content. In order to drive traffic to your site, via social media & SEO, you need to have a lot of content. Take the time to sit down and write a couple of posts. Don’t overwhelm yourself, just know this will take time and your blog’s presence will grow over time. You have to establish yourself before you can expect your site to generate commissions. During your first 2 weeks of your blog’s launch, you should focus on writing posts and establishing a social media presence. Pinterest drives more traffic to blogs than any other social media site. Creating a following on Pinterest can expedite your blog’s growth.
How to Choose Your Affiliate Marketing Programs
Once you’ve created content, start to think of the products that relate to your audience. You can use Amazon to setup an affiliate account or try to become an affiliate by signing up through a specific company’s website. You will fill out an application and submit it. Once your done, you will have to wait a couple days for approval. The company will most likely approve you and that company will give you access to your affiliate links you can embed in your blog.
Are you interested in other ways you can make money? Click here to check out our post “How to Make an Extra $1,000 a Month.”
What are your thoughts? Do you have any questions? Comment below or leave us a message on our Contact Us page. I hope you enjoyed this post on how to start an affiliate marketing blog. We highly recommend using Bluehost for any of your hosting needs. Please share this post and subscribe!
This post, “Make Money Online by Starting an Affiliate Marketing Blog” may contain affiliate links. Please see our disclosure for more information.