Offer rewards such as a certain amount of NFTs or payments to the people who make a sale. This will motivate the people to make more sales and purchase more of your NFTs.
What Is Affiliate Marketing?
Affiliate Marketing is the process in which businesses pay the affiliate (that’s you) some amount of commission for every successful sale.
In other words, you will get a commission whenever someone buys something through your affiliate link.
The commission may vary on the basis of affiliate networks. For example, sometimes you get 30% or 50% or maybe higher than that, this totally depends on the affiliate networks.
There are many ad types available in the market which works based on views or clicks like AdSense, but affiliate marketing works on a cost-per-acquisition (CPA) or cost-per-lead (CPL) basis. It means that you will get the commission whenever someone performs an action, such as buying or signing for the product).
Also, affiliate marketing is the best alternative to the other ad network that is AdSense, Ezoic, and others. It is also best to practice to monetize your blog or website in terms of earning money as affiliate marketing has less or no risk at all.
Affiliate marketing includes various steps. You have to research a niche and find a product that fits your website visitors (audience). After that, you also have to check the commission of the product so that you start earning money by promoting that product on your website.
You also have to find out how or where to promote yourself so that your audience can see the product and buy it from you that will earn you money.
It seems very difficult. Right? But don’t worry because I am here to help you start with your first ever affiliate marketing project. I am going to teach every step of affiliate marketing in easy to digest manner.
Major benefits of affiliate marketing:
Advantages Of Affiliate Marketing
There are many reasons why you should use affiliate marketing for an extra source of income.
- The number one benefit of affiliate marketing is that you don’t need your own product, service, or anything to make money online; that’s why I feel like it is the best way to earn money online with zero risks. It allows you to sell someone else’s products and get a fat commission like up to 90% on some affiliate networks (I even saw some products with 100% Commission, LOL).
- You don’t have to deal with payment gateways and refunds. With affiliate marketing, you get painless and hassle-free payouts.
- Unlimited earning, you can even make it $100 a day passive income as soon as you set everything up the right way and start driving traffic to the products that you’re promoting. It means you can make money during sleep. For this, you have to invest both your time and money and after some dedicated work, you can automate your affiliate business and earn decent money.
- No restriction, unlimited potential of financial growth, and you’re free to promote any product you want in as many niches as you want. It means you are not restricted to any one niche or product, and you can pick any product from the market and promote it to your audience.
- Another benefit of affiliate marketing is that it is super beginner-friendly. You don’t need to do any hard work; all you have to do is set everything up, create valuable content, and see commission coming to your way. It is ok if you are a beginner, you don’t need any special expertise. Also, it’s free to use, which makes it very beginner-friendly.
- With affiliate marketing, you don’t need to deal with consumers or customers who purchase the product. It means, like other businesses where they deal with their customers and provide them the support of 24/7 for any problem. Your job is only selling a product after that the company or advertiser will handle the support part.
- Want to work from home? Thanks to affiliate marketing. Are you like me who hates 9 to 5 jobs, I know its very frustrating when you have to go to the office daily and spend hours in front of a computer all day. But affiliate marketing helps you earn money with comfort while working from home.
- It is a budget-friendly business. Means you don’t need to spend thousands of dollar like other business where you have to hire employees, set up an office, and spend money on other things. When compared to other businesses, you don’t need huge capital in your pocket. You just need two things to start that is a computer/laptop/smartphone and an internet connection.
- It can be your extra source of income. It means that you don’t have to quit your current job to start affiliate marketing; you can start this as a part-time business. You can check how much you made working as a side project, and you can turn this into a full-time job whenever you are comfortable. Think about it! If you turn part-time as a full time, then it can double your income with no doubts.
How To Start Affiliate Marketing?
You can start affiliate marketing in various ways, and it totally depends on which platform you are comfortable to work with.
Here are the steps to start affiliating marketing and earn your first dollar online
Choose Your Platform
As I said, there are various ways to start affiliate marketing. Let’s take a look at these platforms
Social Media
Blog Or Website
YouTube
Social Media
You can start affiliate marketing using any social media platform, and one of the most popular platforms is Instagram. You can set up an Instagram profile free of cost and then publish content consistently (it’s the key). You should only post content related to your niche.
For example, if you are in the health niche, you should only post content related to health & fitness. That’s how you build your audience’s trust.
Once you achieve a good number of followers, then the next step is to promote products; for this, you need to do some research to find a good product that also fits your audience.
You can recommend products in your profile bio, stories, or posts. But, don’t start promoting products with fewer followers. First, build your audience trust by providing informative content and then convert those followers into a money-making machine.
Blog Or Website
Creating a blog is the best and easiest way to start affiliate marketing. It is also one of the best platforms for affiliates because you can increase your affiliate sales as much as you want.
Moreover, you can even start a WordPress website to start making good money from affiliate marketing.
You need two things to create a blog or start a website. First is a domain and second is the hosting. For domain, I recommend GoDaddy, where you can grab a domain as low as $9 (grab at $0.99 for new users). Now for hosting, there are tons of providers available in the market. My recommendation is Bluehost which starts at $2.75 a month only.
After that, you just have to install WordPress CMS to your hosting (most of the hosting provides one-click install).
Voila! You have successfully set up your website. Now just publish quality content related to your niche and grab a good amount of traffic by ranking your website on search engines like Google, Bing, Yahoo, etc. [See: Complete SEO Guide to Promote Your Website and the WordPress SEO Guide].
Create a review article where you can put your affiliate link, and when someone purchases that product using your affiliate link, you will receive a commission.
YouTube
My second recommended method is YouTube. In this method, you have to start a new YouTube channel and start publishing content in the form of videos. Similar to Instagram and Website, you have to post videos under your niche and build audience trust.
Now, on YouTube, you have to add your link in the description of videos, you can add as many links you want in the description, but my recommendation is not to add tons of links as it looks very spammy.