Updated: Nov 3, 2019
Among many options available to make money online, Affiliate Marketing is one of the commonest way of creating a passive income from a side hustle online.
Through Affiliate Marketing you promote somebody else’s products or services through your website, blog posts, videos, Email-Marketing et cetera through a link and when somebody purchases a product or service through your link you earn an commission.
Affiliate Marketing is a wonderful way to make an extra income online as you don’t have to create or manufacture products, you don’t need to keep inventory or worry about shipping. You only have to do marketing and earn income.
There are two ways you can go about your Affiliate Marketing Business. One is you directly tie up for an affiliate partnership with a company or website offering affiliate marketing and other is that you can join an Affiliate Marketing Network. Some of the popular companies/websites which do offer direct affiliate marketing opportunities are Amazon, E-bay et cetera. And some famous Affiliate Marketing Networks are Clickbank, Linkshare, ShareAsale et cetera. Most of these websites/networks are free to join and you can begin your online business from day one.
Some tips to keep in mind for Affiliate Marketers.
· Select a Niche you are passionate about or enjoy and try to build content in that Niche. Some of the most profitable niches are Health, Wealth and Relationships.
· Build an audience online for your specific niche through blogs, YouTube videos, forums et cetera. Without good audience you won’t be able to make money online.
· Give value to your audience by creating a free training video or free e-book.
· You have to try and test different marketing strategies before you dwell on the one that clicks the most.
· You must have a long term strategy.
· Build trust with your audience/followers so that they know what they are getting into.
· Do market research before you partner with any affiliate network and join the ones that best suit your needs.
In Affiliate Marketing as a way to make money online, you won’t get success overnight. You have to keep learning & relearning and be persistent & consistent in your efforts. You need to create new content regularly and build good audience/followers and only then your affiliate marketing business starts giving you Passive Income Online.