What is Affiliate Marketing?
By definition, affiliate marketing is a referral arrangement in which an online retailer (advertiser) pays you a commission when users purchase their product from your referral link.
Unlike other ad types which pay based on clicks or views, affiliate marketing works on a CPA (cost-per-acquisition), or CPL (cost-per-lead) basis. In other words, you only earn a commission when someone takes an action (i.e buys the product or signup for a free trial).
Because there is less risk for the advertiser, affiliate programs pay out much higher commissions to publishers compared to Google AdSense or other types of ads.
Affiliate marketing requires a more hands-on approach. You have to find a product or service that you believe will be helpful to your users. After that you have to strategically add it to your blog posts and other areas of your site, so users can purchase the product using your referral link.
How Does Affiliate Marketing / Tracking Work?
First, you’ve got to seek out a corporation or product that you simply want to market. You need to pick a product or service that you simply believe is going to be relevant to your blog’s topic and useful for your audience. The product or company you select is going to be called a ‘Merchant’.
Next, you’ve got to partner up with the corporate by joining their partner program. This makes you their ‘Affiliate’. Some companies also use the terms associates, partners, etc.
Once you’ve got joined their partner program (also called Affiliate Program), you’ll get a singular affiliate ID. You will get to use this affiliate ID altogether affiliate links that you simply increase your website to market the merchandise.
You can promote the merchandise by adding in-depth product reviews, recommend it in your articles, display banner ads, sending an email newsletter, and more. All traffic you send to the merchant website together with your unique ID is going to be tracked.
Once a user makes a purchase, you’ll earn a commission. Your payment is issued once your earnings reach a specific threshold typically 45 – 60 days.
How to Get Started with Affiliate Marketing
First, you would like to form sure that you simply are using the proper blogging platform, and you’re allowed to run affiliate marketing campaigns on your website.
On the opposite hand, if you’re on a self-hosted WordPress.org website, then you’ll add any affiliate link you would like and efficiently manage your affiliate campaigns.
If you haven’t created a website already, then you’ll start directly. Simply follow the instructions in our step-by-step guide on the way to start a blog, and you’ll be up and running in but half-hour.
Next, you need to let your users know how you make money from your website by adding a disclosure page. See Wehavegigitaltool’s disclosure page and feel free to use it as a template.
These are amongst the must-have pages for every WordPress blog. They not only prevent legal issues within the future, but they also assist you to build trust together with your audience.
Finding Affiliate Products and Services to Promote
There are some ways to seek out products and corporations that you simply can partner up with as an affiliate. Here are a number of the simplest ways to seek out the products you’ll promote.
1. Become an affiliate for products you already use
First, you need to look at the products and services that you already use and find useful. This makes it easy for you to convince your users about the product since you already know the pros and cons.
Next, you need to go to the product’s website and search for terms like ‘Affiliate program’, ‘Partners’, or ‘Affiliates’. Many companies are actively looking for affiliate marketers to promote their products that’s why they add a link to their affiliate page in their website’s footer.
2. Look for products other blogs are recommending
Another way to find products is by looking at other blogs similar to yours. You will be able to find many similar blogs that are using affiliate marketing to make money.
But how do you know that they are promoting affiliate products?
First, look for the obvious and easily noticeable banner ads on their website. Take your mouse to the banner ad, and you will see a link in your browser’s status bar.
This link will usually have an affiliate ID. Affiliate ID helps merchants track which affiliate partner is sending them traffic/sales.
Sometimes these links may look like internal links, but when you click on them they will take you to a product website with an affiliate marketer’s ID in the link. You will also find similar affiliate links throughout their content.
3. Join Bigger Affiliate Networks
Another way to find products to promote is by joining affiliate networks. These websites act as a middleman between affiliate marketers and merchants.
You will notice that many products and companies that you want to partner with already use an affiliate network. This helps you quickly find a lot of products that you can start promoting on your website.
4. Reach out to Companies
If you really want to promote a product but can’t find any information about their affiliate program, then you can simply ask them via email.
Some companies may not be actively promoting their affiliate program. If they have an affiliate program, then they can invite you to join.
What are Affiliate Networks? Why You Should Join Them?
Affiliate networks act as a middleman between you (the affiliate marketer) and merchants (companies that want to sell their products).
For merchants, they provide their platform as a service to list their products, track affiliate traffic, manage affiliates, and send payments.
For affiliate marketers, they offer an easy-to-use platform to search for products, sign up as an affiliate, track your campaign performance and earnings.
Following are some of the most popular affiliate networks that you can join.
- ShareASale – One of the largest affiliate networks with many high-paying affiliate products for almost every category imaginable. Popular WordPress hosting company, uses ShareASale to manage their affiliates.
- CJ Affiliate (Formerly, Commission Junction) – Another top affiliate network with a huge number of merchants and products neatly organized in categories and easily searchable. Companies like Hosting, Expedia, and many others use CJ.
- ClickBank – This is a large online marketplace for selling digital products in various categories from different vendors. It is easy to use and has tons of learning resources for new affiliate marketers.
- Amazon Associates – Amazon is the world’s largest eCommerce store with millions of products. You can sign up for their affiliate program and start earning by sending people to a website they already use for their online shopping.
Which affiliate networks should you join?
You should join affiliate networks that have the products you want to promote. You can join multiple affiliate networks for different products. We use all the above networks and few others.
Make sure that you always check the network program policies. You also need to review program policies of individual products and merchants. This will give you a clear idea about your earnings, payments, additional incentives, and more.
Affiliate Marketing Tips to Increase Earnings
Now that we have covered the basics, let’s dive into some more tips on how to actually make money from affiliate marketing.
1. Choose good products and companies to promote
As an affiliate marketer, you don’t have control over the future of the products that you are recommending. That’s why you need to make sure that you are recommending the best products from reputable companies.
The best way to do this is by recommending the products and services that you have actually used. If you want to recommend a product that looks useful, then feel free to contact them to learn more.
If you ask nicely, most companies will gladly offer you a free account or copy to review/test their product or service.
2. Offer highly useful and valuable content
You can add affiliate links and banners anywhere on your WordPress site. However, simply adding links will not result in convincing your users to actually buy those products.
You need to convince your users by offering useful and valuable information about the product. Many affiliate marketers do that by writing in-depth product reviews, video reviews, product comparisons with pros and cons, and more.
3. Keep your audience in mind
Keep your website’s audience and their interests in mind when choosing the product. For example, if you run a fashion blog, then you would want to promote fashion accessories, clothing, and similar products that your audience would want to buy.
You also need to make sure that you are not just recommending products because they are offering higher commissions. If a user buys a product based on your recommendation, and it doesn’t turn out useful, then they will never trust your recommendations again.
Affiliate Marketing Plugins and Tools for WordPress
As your blog grows, you will be recommending a lot of different products. This will make it difficult for you to manage all the affiliate links, banners, and ads spread all over your website.
Luckily, there are excellent affiliate marketing tools and plugins for WordPress that you can use to help with the management.
Manually adding links to your content becomes quite difficult as your site grows. You will need to copy the URL together with your affiliate ID whenever you mention the merchandise and paste it into WordPress.
This is where ThirstyAffiliates can help. It is an affiliate link management plugin that permits you to simply add affiliate links in WordPress.
It also allows you to change lengthy affiliate links into cloaked pretty links which are more user-friendly.
ThirstyAffiliates also has the choice to automatically replace keywords with affiliate links which may significantly assist you to boost your affiliate revenue.
AdSanity is that the best WordPress ad management plugin and a must-have for each affiliate marketer’s toolbox. It allows you to form banner ads from your WordPress site and manage them from one dashboard.
AdSanity also makes it easy to insert ads into your WordPress posts, pages, and sidebar widgets. You can use it to manage your third-party ads like Google AdSense ads and banners also. For detailed instructions, see our guide on the way to manage ads in WordPress with AdSanity.
MonsterInsights is the best Google Analytics plugin for WordPress. It allows you to see where your users are coming from and what they do when they are on your website.
It also helps you track your outbound affiliate links using Google Analytics. This enables you to find out which affiliate links are clicked more often and helps you discover missed opportunities.
Need more tools? See our full list of top affiliate marketing tools and plugins for WordPress.
We hope this ultimate affiliate marketing guide for beginners helped you learn how to become an affiliate marketer. You may also want to see our ultimate WordPress SEO guide to bring more visitors to your website.