Affiliate Marketing 101 | Still the BEST Side Hustle in 2022

Are you a new Digital Nomad looking for some extra income?  A great side hustles a lot of people are doing is Affiliate Marketing.  In this guide, Affiliate Marketing for beginners will show you how to make great Passive or full-time income selling other people’s products.

What is great about this Hustle, it that it can be done anywhere.  You do not hold any inventory; you work your own hours (you get what you put in) and it has a high-income potential.

What is affiliate marketing and how does it work?

The concept behind affiliate marketing is that you earn a commission for promoting someone else product. You just must select a product you like or enjoy and promote it on your social platform.

Suppose you have been looking out for options to start getting a stream of extra income along with your monthly wages or salary. In that case, affiliate marketing is a good option as it allows its users a very streamlined process. I will get the details that how affiliate marketing works and how you can choose the right program to promote what you already like.

An online retailer pays a constant amount of commission to another party or even an affiliate, and traffic or sales are generated from their referrals in affiliate marketing. All those online retailers that are offering this program are said to be having an affiliate program.

Many famous online retailers have affiliate programs in place, like Amazon and Walmart. Such big brands promote small affiliate marketers and help them by promoting their products.

Most of such programs are usually free of costs as it helps the retailers to sell more products without costing them too much.

So, once you have been selected as an affiliate, you can now promote products and any offers in place by using the unique referral links given to you. Whenever a visitor on the page clicks that link, a dialogue box opens, called a cookie responsible for tracking any upcoming sales.

Each affiliate program is assembled differently concerning how often it pays its affiliates, what percentage is paid out, and the cookie duration. Usually, the percentage payout depends on the category of product that was purchased.

Therefore, it is essential for an affiliate marketer to recognize the conditions and requirements of each affiliate program before choosing to apply.

For every sale you make, the product’s owner will keep sending you profit directly to your bank account. You can track the sales through the affiliate links given to you.

How Affiliate Marketing For Beginners Can Help You Earn

Facts About Affiliate Marketing

Affiliate marketing is spending money to promote your business through advertisement on social platforms. It is expected that affiliate marketing’s business will go big about 10% in the coming years. To date, it is worth is about $12 billion and accounts for almost 15% of the overall digital revenue. And if the ad is well crafted, it can boost your revenues by a staggering figure of 30%.

What is the Income Potential of an Affiliate Marketer?

As affiliate marketing is among the top very successful online businesses, it is also precious for those who chose to have their stream of income coming from affiliate marketing. It gives leverage by providing the company’s online system and an already working infrastructure.

Now that you are on this line, you need to understand that several elements need an online legal business. For a business to go successful, you need to create a need for an object, make it available in the market, and establish means of selling it.

You will also need to establish means for people to carry out credit card information and any returns and credit card charge backs at later stages.

How to Choose an Affiliate Program for Yourself?

If you think that all affiliate programs are the same, then know that this is not the case. Specifically, the profit potential of each program differs significantly. Although most affiliate marketers aim to make a part-time profit,

I would advise them to choose a value ladder that offers them high-ticket products.

For instance, suppose you aim to earn at least $2000/month. If you promote products of $20 at just a 50% commission, you will only make $20 per sale.

Popular Affiliate Programs with the Products they Promote

1. ClickBank’s
2. JV Zoo
3. Comission Junction
4.  

Here are some “big” companies offering affiliate marketing programs

You may have heard of different people carrying out affiliate marketing but may not have paid any attention to it just because you did not know about it. Now that you are interested, let us look at some of the elementary examples of affiliate marketing.

1. Affiliate marketing that is for bloggers
2. Blogging
3. Instagram Affiliate marketing
4. Affiliate marketing for YouTube
5. Pinterest Affiliate marketing
6. Affiliate marketing emails

How Can You Set Up an Affiliate Marketing Blog in a Few Easy Steps?

Well, talks aside, let us look at some very basic and easy to follow steps to know how you can set an affiliate marketing blog quickly.

To set an affiliate marketing, first, you need to be clear about the niche that you want this to be pursued. Once you have decided on the niche, the next step would be to add some keywords that most people would enter while searching for the niche you have selected.

Now is the time for buying a domain based on the keywords you have selected. Once you have your domain ready, you are ready to post blogs on your chosen niche.

Few Pro Tips You Should Follow are

1. Make sure your blogs are SEO optimized and that you use the keywords as wisely as you can.
2. Its readability is also at an acceptable level.
3. And its keyword density is more than or at least 1.

Below are Few Steps Which You Should Avoid

1. Ensure that the service or the product that you have chosen is of your interest. Going with a niche that you have little to no know-how will make you stagnant at some point, and you would not know how to continue with this blog in the long run.
2. Do your part of the research. This is essential as we do not want to work our an*s of just to, later, hear from our followers that the topic does not interest them or is of inferior quality.
3. Imagine your fans who love your blogs and other stuff complaining about how your suggested product has been giving them a hard time or have wasted their money. Remember that it is not just their loss, but your reputation and brand image’s loss also.
4. Never ignore what your competitors have on offer. They can also be said to be ready-made research for you. Just pay close attention to them and see whether they recommend a particular affiliate arrangement or not.
5. Stay committed to your program to succeed in the long run, as your lack of information will make all your hard work go to waste. And we do not want that to happen.
6. Tracking your results. This is usually made possible through opening a PayPal or Payoneer account to get on track and know the progress by each day.

Affiliate Marketing tips…

• There is no perfect method, there is a lot of trial and error
• Don’t get caught up on themes and plugins (install the essential and add more as you progress)
• Get your content up, you can always edit them at a later time
• If it doesn’t work the first time, keep grinding until you find a solution

Affiliate Marketing Strategy For Beginners

Conclusion

To earn from affiliate marketing, know that you will first attract a specified amount of traffic towards your online platform. Suppose you are only in the process of selling products that are offering a very low-ticket range. In that case, it can become quite challenging to attract enough traffic towards your website and thus to make a significant profit each month. However, if you are engaged in higher ticket products, you may only need to meet the target of selling one or two products to earn a significant income.