Why should you read my affiliate marketing guide? I am not making five figures online!
Being blogging for 4 years, I have hustled to make a decent income online by reading and implementing the strategies and even coming out with new methods that are not shared on the web.
I started Universal Blogging Tips after 2 failed blogs and only this blog appreciated my hard work.
Today, I cover my educational and personal expenses from my blogging revenue and save the rest to invest in stocks and mutual funds.
There is no hard and fast rule that you should follow everyone to become successful in blogging.
Most people quit because they are not passionate about the topic on which they’re blogging about.
Some of my friends started blogs because they see me making money online but they were NOT passionate about it. Then what’s the use of doing it?
If anyone is thinking about JUST money, then it’s better to work 9-5.
The rule is simple… DO SOMETHING THAT MOTIVATES YOU TO DO MORE!
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If I can make over $1000 working just few hours a week, then why can’t you.
Choose the niche you love and see the sales flowing in! 🙂
Some of my affiliate earning screenshots
What is Affiliate Marketing?
Affiliate Marketing is form of marketing in which you promote other companies products and once someone buys from your link, you get a commission.
But how would company know that you have referred a customer?
It is through your tracking link or affiliate link.
When you join an affiliate program, you will be given a special link with your tracking id at the end which would be used to track your conversions.
For example here’s an affiliate link of MyThemeShop: https://mythemeshop.com/?ref=nikhil869
?ref=nikhil869 is my username at the end which lets the company track conversions made by me.
Let’s understand the Affiliate Marketing model in the most simple way through the following flow chart.
Basic Affiliate Marketing Terms
Now, before getting started with the main part of this guide, let’s get to know about some basic Affiliate Marketing terms.
Though, I have shared it on my blog and even through emails but still it’s necessary for those who are not familiar with them.
EPC: Earning per click is calculated by taking your clicks divided by commission earned.
It is a metric used to indicate the average earnings generated as a result of your 100 clicks on your Affiliate links.
The formula for EPC is Affiliate Earnings/Number of clicks x 100. This is really an important metric when you get started with Clickbank. Below is a screenshot for a reference.
● Click-through rates: CTR defines your targeted audience.
It is calculated by using this formula : (Number of sales / Unique Clicks) x 100.
Affiliate marketplace: There are many marketplaces like ShareASale, Peerfly, Commission Junction, JvZoo, ClickBank that works as central database for affiliate programs in different niche.
Affiliate software: Software’s used by companies to create an affiliate program for their product. Ex: iDevAffiliate
Affiliate link: Special tracking link offered by your affiliate program to track the progress of your affiliate promotion.
Affiliate ID: This is Similar to Affiliate link, but, in this case, many affiliate programs offer a unique ID, which you can add to any page of the product site with “XYZ” affiliate ID.
Payment mode Offered: Different affiliate programs offer different methods of payment. For ex: Cheque, Wire transfer, PayPal and many more.
Tier 2 affiliate marketing: This is a great way of making money from an affiliate program.
In this type of marketing, you recommend others to join affiliate programs, and you will get a commission out of it, when your sub-affiliate make sales.
This is one of the best ways to generate passive income.
Check out this post on my blog, which I have written to attract Affiliates for MyThemeShop and it’s generating passive income for me!
How To Get Started With Affiliate Marketing?
Build a website, join affiliate programs, put a banner on your website and wait for sales flowing in.
Simple, isn’t it? …
It’s not that simple.
Affiliate Marketing is all about solving problems of your targeted audience and if you fail in that, you fail in affiliate marketing.
People spend their hard earned money if they wish to have a solutionfor their problems.
Why should they spend their hard-earned money on your product, even if you guarantee a solution to their problems?
It depends on how much they trust you! How much you will make from Affiliate Marketing, depends on how you market that product.
3 Mantras Of Affiliate Marketing Success
“Blackheads” + “Affiliate Program” and you’ll get to know about some of the best! 🙂