Now, truth be told, affiliate marketing does come with some costs. Fortunately, those costs are rather small when compared to starting other businesses. For example, if you want to succeed with affiliate marketing in the same way that I teach it, you’ll need a website. In order to have a website, you need to pay for “website hosting”. If you don’t know what website hosting is, don’t worry, we’ll get to that, but website hosting does cost a few bucks per month (generally under $10 / mo). If you have about $40 for startup costs and about $10 / mo for recurring expenses, this is entirely doable. There are many other optional expenses for affiliate marketing, which I will also get into, but those optional expenses are used more for speeding up the path to success (outsourcing, etc.) rather than a requirement for success. When I first started my affiliate marketing business, I had about $200 to my name.
Earnings are what matter to most affiliates. Our commissions indicate how we are performing, which is why affiliate marketing is also called performance and commissioned-based marketing. Google Analytics will monitor traffic to your website. To learn more about your audience, measure reach, and track engagement, check out Instagram Insights (for business profiles), Hootsuite Analytics, and Iconosquare.
Win-win-win. The advertiser wins because they only pay when a purchase is made (as opposed to the shotgun approach of paying to advertise to the masses and waiting for a small percentage to actually buy). The affiliate wins because they make money while providing helpful advice. The customer wins because they get a trusted recommendation for something they might not otherwise have known about.
If you already have an eCommerce shop, or sell products on platforms like Etsy or Amazon, then using the ‘Shopping on Instagram’ feature to increase your revenue is a must. Shopping on Instagram has suddenly made it much easier to sell products and make money on Instagram. So let’s find out more about Shopping on Instagram, and how to set it up on your Instagram account…
Your first instinct may be to seek out companies who pay the highest commissions or join affiliate programs other bloggers in your niche are finding success in, but these methods are ill advised. There is so much more going on with a blog that earns thousands upon thousands in affiliate revenue on a month-to-month basis than placing a few affiliate links here and there.
Don’t forget evergreen promotions — You want to keep content fresh but you don’t want to focus solely on trending and seasonal promotions — that’s simply too much upkeep. In contrast, “Evergreen” content isn’t connected to trends or seasons, so it has a long shelf life. As a beginner affiliate marketer, it’s a good idea to build a solid base for your blog using evergreen content. Then, keep your site fresh with new or regularly updated content that highlights trending topics and goods.
If you’re going to sign up for any of their premium services, I personally recommend you sign up for this business building package. Basically, you are paying their experts to go out and perform market research, build a website for you, build you an email responder that will automatically email your subscribers for one year, and create the first handful of content pages. They will also help you research the best affiliate products to promote and give you access to special one-on-one coaching that is only available for their paying members. Check it out if you have the funding to get this type of jump start. Outsourcing from day 1 is ideal if you have the funds available, especially when you are outsourcing to a team of people managed by affiliate marketing millionaires.
That’s because the affiliate program works by setting a browser cookie when someone clicks on an affiliate link and tracks any purchases made at the destination before the cookie expires. After that, the affiliate program pays out a small commission. Thus, it’s possible to make a little money or even make a living off of affiliate marketing, but only if you can convince people to click on your links and buy your affiliate partner’s products.
Like any social media platform, increasing followers, views, engagement, and CTRs are a function of user activity. Posting at least once daily should be your goal. Using hashtags makes your content more discoverable. You should add ten to twenty hashtags to every post without appearing spammy. I have my hashtags ready to copy and paste in a memo on my phone. Check out your competition to understand what hashtags they use and discover the most popular hashtags with a tool like RiteTag. You might also like to read Hootsuite’s The Do’s and Don’ts of How to Use Hashtags and The Complete Instagram Hashtag Guide. Lastly, you might want to buy followers or use marketing automation and bots to attract people to your profile. For differing opinions on these topics, search for “buying IG followers, “IG bots,” and “IG automation.”
My name is Jamie Spencer and I have spent the past 5 years building money making blogs. After growing tired of the 9-5, commuting and never seeing my family I decided that I wanted to make some changes and launched my first blog. Since then I have launched lots of successful niche blogs and after selling my survivalist blog I decided to teach other people how to do the same.
Hi, I'm McKinzie! I'm a mommy of two, married to my sweetheart and a finance junkie. I love teaching other moms how to save money, make money and take control of their financial situation. In college, I double majored in Financial Planning and Psychology because I love all things money and people. You may have seen me in publications like Forbes, The Penny Hoarder, Tailwind & more.