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Affiliate marketing is quite an easy and efficient way to earn passively online. You can earn thousands of dollars every month with the right method.
However, there is no hard and fast rule to earn a substantial income from affiliate marketing. Even so, you can pursue it as a full-time job.
Today, we will discuss the following topics:
- 5 effective ways you can earn from affiliate marketing
- Professional advice
5 Effective Ways to Earn from Affiliate Marketing
The methods we are about to discuss will help you yield a high income from a new affiliate source. Moreover, you can also use these methods to maximize earnings from existing sources.
Let’s dive into it.
1. Affiliate Marketing Through Ads
As you already know, affiliate marketing solely runs on clicks. The more clicks you can generate, the more you can earn.
Why are ads better than any other means?
To put it simply, ads require little to no effort once you publish them. Moreover, you can target multiple platforms at once.
Interesting Fact: According to multiple online surveys, a single ad published on multiple platforms has a 70% turnout rate compared to a single platform ad.
Let’s take an example, suppose you want to earn $1000 from affiliate marketing in a month. Your affiliate rate is $1 per click/purchase.
So, in order to reach your target, you have to promote the link to more than 1000 people. Your strategy should be to cover as much ground as you can.
2. Affiliate Marketing Through Forums
Platforms like Reddit and Quora are a hub for people looking for solutions to various problems. You can target such an audience with your referral link.
For example, ClickFunnels and Kartra provide referral links for business products. You can search these forums and refer people to their respective websites with your link.
Is it better than advertising?
In some situations, this method is more effective than advertisements. The main reason for this is the organic factor.
People are more likely to believe the word of mouth rather than an advertisement.
Moreover, you only have to target a certain audience which means that your click rate is going to be higher.
Do I have to be active in these forums?
You have to be active and interact with people from the start. Once you get to refer 15-30 people, your comments/posts will be marked as helpful.
Any further audience with the same problem will be redirected to your link automatically by the algorithm.
3. Affiliate Marketing Through Social Media
The way social media works now, your overall reach can easily reach thousands of people. This means that you can get a high click rate from different users.
Moreover, social media posts are not limited to your friend list or followers. They are promoted to different users in your geolocation as well.
What platforms should I use to target users?
Your choice of platform should be Facebook and Instagram. Mainly because they are easy to use and have a consistent user base.
Moreover, Facebook has business-oriented individuals that are actively looking for solutions. You can easily get them to sign up for your related referral link.
How do I target an audience on Instagram?
There are multiple ways to target users on Instagram. You can create posts, upload stories, and develop informational video reels.
Furthermore, you can boost your posts to increase the organic reach of your posts. On average, your posts can reach up to 10000 people with a single boost.
4. Affiliate Marketing Through YouTube
It is quite evident that people respond better if something is shown to them with a visual explanation. This is where YouTube comes into play.
You can make a 4-6 minute video of a problem related to a product and then transition it towards your referral link.
This way, you can effectively state how your referred product can solve a user’s problem. Moreover, it will develop a sense of trust between you and the viewers.
How do I increase the reach of my video?
It is quite easy to increase your reach and yield a better click rate. All you have to do is keep your video to the point and state everything in simple words.
Often developers make this common mistake and lose the interest of viewers in the process. A short video will help you mitigate this problem.
What are some other benefits of YouTube?
Apart from the affiliate revenue, you can also earn from the YouTube video as well. For every 1000 views, you can earn up to $10 easily.
You can kill two birds with one stone.
5. Affiliate Marketing Through Being a Customer
Some online services also offer to earn if you are already a customer. The only difference is that you’ll have ambassador status.
Compared to the methods we have stated, this involves your physical interaction to some level. Once you get ambassador status, you have to attend seminars and expos.
How does it contribute to my passive earning?
Suppose you are at a seminar as Kartra’s ambassador. You can present their pricing and solutions to various people.
Since you are also a customer, people are more likely to believe the ground reality. Moreover, it develops an organic dynamic between you and your audience.
Is it beneficial in the long run?
When it comes to being an ambassador, you can reap a lot of rewards in the long run. Because you have the potential to develop a community.
So, whenever a brand releases new products and services, you can market them to your community.
How much can I earn from it?
Comparatively speaking, ambassadors get a way better payout rate than referral links. On average, you can get $10 per sale compared to a $1-$5 payout of referral links.
This brings us to the finish line of our post on 5 effective ways to passively earn from affiliate marketing. We hope this information proves to be beneficial for you.
Affiliate marketing is quite easy to get into if you know where to start. You can earn money through advertisements, and social media platforms like Facebook and Youtube.