Being a mother is a full-time job but one that doesn’t get you the daily bread. Are you a new mother who wants to ensure quality time with your child during the formative years but also wants to be financially independent? How to earn money online with affiliate marketing is an article written to share my experience as a stay-home-mom and how it has changed my life and gain back my self confidence.
Are you a mom who left her job years ago to raise children and are now afraid to dive into job interviews? If you’re a stay-at-home mom who is looking for options to get back on your feet, we have good news for you! You are not alone.
The internet has become the hub of entrepreneurs and marketers. With increasing global connections and broadening horizons, it is easier than ever to earn money online today. It is a lot easier than the 9-to-5 desk job or a paycheck-to-paycheck lifestyle.
More importantly, you get to pursue your interests and passions. One such online venture that allows you to earn from the comforts of your home is affiliate marketing. Let’s dive into what it is and how it can be a boon for stay-at-home moms.
How to earn money online with affiliate marketing?
Affiliate marketing can be one of the best of marketing scheme that you can use to start with for your online business.
Please bear in mind that there is no such business in the world that you do not need to spend a single cent to start with. At least, you need to invest in knowledge and skills in order to start up and begin with. Affiliate marketing is also a skill to learn and you just need to find the right path and resources.
What is Affiliate Marketing?
Affiliate marketing is a marketing scheme wherein companies incentivize third-party publishers for generating traffic for their products. Simply put, you (the affiliate) promote a company’s products through your platform and receive a commission for every sale.
How is that different from a salesperson? Time restraints do not bind you, and you do not have to meet any sale targets except your own. You’re independent and can work without limitations.
The more you sell, the more you earn —all while sitting at home. Also, a salesperson makes sales for a single company, whereas an affiliate marketer promotes products for different companies, write good quality contents about them and once you have a sale, you will earn a commission.
This form of digital marketing has turned into a billion-dollar industry. According to Business Insider, 15% of e-commerce is attributable to affiliate marketing. There is no limit to how much you can earn as an affiliate marketer.
It all solely depends on your niche, hard work, and persistence. Some of the top affiliate marketers earn six or seven figures per month. However, let’s not look at it through the rose-colored glass.
While there are quite a few stories of unimaginable success in this field, there are also plenty of failure stories. It’s important to realize that becoming a successful affiliate marketer takes years of persistence and hard work.
Here are some steps you can follow to break ground in this field of passive income.
Understanding affiliate marketing structure
Before you learn how to earn money online with affiliate marketing, you should know about the four components involved in it.
You are the publisher who develops a platform to market products, services, or information.
This is the company whose products or services you will be marketing. It’s best to choose a merchant whose products are relevant to your niche. Examples of famous online merchant website are Amazon, ebay, taobao, aliexpress and other online retailers. It can be advertisers as well.
Often, the merchant you pursue is a part of a more extensive network of companies that offer an affiliate marketing platform.
Your success in the affiliate marketing industry depends on the traction you get from the audience. It’s essential to create content that appeals to a wide range of people.
Affiliate Marketing – STEP BY STEP Overview
STEP 1: Create a Platform
While affiliate marketing can be done on any platform, having a blog (or a website) is ideal. YouTube and Instagram are close seconds. In this age of cheap and accessible technology, starting a blog nowadays is just a piece of cake.
In order to build an audience on these platforms, it’s essential to create content that is personal, relevant, relatable, tells a story, and helps people connect with you emotionally. Emotional connection can be vital in supporting a highly invested audience.
Further, optimize your content to get top rankings in search engines so that your content doesn’t get lost within the ocean of content that exists today. More than 30 million bloggers live only in the U.S.
If you want your platform to stand out, narrow down the niche, make it specific. We also advise you to diversify your platforms and not just stick to one. You can have a social media presence to promote your blog and do affiliate marketing.
STEP 2: Develop Your Audience
Once your platform is up, you need to generate audience traffic towards it. You can reach out and connect with people on social media.
Make sure you stay connected with visitors and commenters on your blog. Respond to comments and emails on time.
Don’t be unsociable to connect with; that will drive people away. Engaging with people makes them trust you and form a bond with you. It will further enhance your chances of finding buyers in your audience.
This process will take up years as building contents that are helpful to your readers and build trust between your readers may take times and also depends on how much effort you put in.
STEP 3: Search for Affiliate Programs You Can Join
There are three types of affiliate programs:
● High paying, low volume affiliate programs: These are ideal for niche products with high commissions. There tends to be a lot of competition for these programs, so it’s generally not advised for those just starting.
● Low-paying, high volume affiliate programs: These programs are for products with low commissions but plenty of buyers.
● High paying, high volume affiliate programs: These programs are for products with high commissions and mass appeal.
Which program is right for you depends on your niche and level of expertise. However, one of the leading affiliate programs you can consider is the Wealthy Affiliates (WA) affiliate program.
It is a leading platform for affiliate marketers created by affiliates for affiliates. It offers personalized coaching and guidance to help you succeed. You can get an idea of the benefits through this affiliate program via a 7-day free trial.
Post that, you can avail a very affordable subscription to scale your affiliate marketing venture. Here’s what the WA affiliate program offers:
● Affiliate Bootcamp training that can make you into a successful affiliate marketer.
● They pay out millions in commission to affiliates every year.
● On average, you receive a $121 commission for every sale you make because of the residual commission affiliate marketing model.
● Get conversions ranging from 12% to over 30% for bringing members to Wealthy Affiliates.
● Get a promotional toolbox to equip you with everything you need on your affiliate marketing journey. It includes affiliate tracking, custom widgets, comparison charts, comprehensive stats, promo banners, custom links/landers, websites, keyword tools, and much more.
With all of this and much more, there couldn’t be a better place to start your affiliate marketing career.
STEP 4: Create Quality Content and Drive Traffic To Your Platform
Creating high-quality and authentic content will help you generate a pool of audience. Once you have a steady flow of traffic to your site and a pool of buyers, you can use that platform for affiliate marketing.
For the affiliate site to succeed, the content should be such that the affiliate link(s) fit naturally. It shouldn’t look like you’re trying to sell the products at every turn. Link placement and context matters too.
If you place your links at the bottom of the page, or if you mark every other word with a link, you’ll lose traction. Link placement should be balanced.
To generate traffic, you can consider the following strategies:
● Paid traffic: This is an excellent strategy if you’re a part of a high-paying affiliate program, but not so much for a newbie.
● Search engine optimization (SEO): This includes technical practices of ranking high within search engines like Google. You can optimize your content using keywords and creating content relevant to your target customer’s needs. Wealthy Affiliate will teach you the technique for SEO optimization for your website.
● Build an email list: This allows you to communicate with your audience. You can inform them about upcoming content and even send affiliate email promotions. It generates a lot of clicks and sales.
STEP 5: Convert Clicks to Sales
Affiliate marketing conversions take places in two steps:
1. When people click on the link that directs them to the product page
2. When they purchase the product
While the first conversion is in your hands, the merchant controls the second conversion rates. Therefore, to succeed, do business with programs that convert well.
Wealthy Affiliates convert at six times the industry rate, making them leaders in this field.
Invest yourself with the knowledge and skills is essential to start up with affiliate marketing. Wealthy Affiliate is a legit platform offers knowledge and skills you need to become an affiliate marketer. With non technical background, you can understand and build your online business with ease.
Besides investment on knowledge, time and effort are important too. Start now, plant the seed (knowledge), let it grow bigger (time to grow) and eventually, it’s gonna bear fruits one day (passive income).
I hope i give you enough insight about how to earn money online with affiliate marketing. For stay-home-moms, taking first step is always difficult. Pull yourself up and get yourself a computer with network. Gain your confidence by moving to the first step will lead you to great success in the future.