Affiliate marketing can be highly profitable if you establish a solid foundation. Keep reading to follow a five-step affiliate marketing guide to generate money in 2021.
What does it take to tap into the billion-dollar affiliate marketing industry? Do you need any ‘special skills’ to get started? Can affiliate marketing even be profitable? These questions always linger in the minds of affiliate marketing beginners. Therefore, we wanted to create a standalone piece of content to answer these questions and share a step-by-step procedure for getting started with affiliate marketing in 2021. So, let’s get started, shall we?
1-Choose an affiliate marketing platform
To be frank, you can start building an audience on any affiliate marketing platform. You can create a blog, make an Instagram page, run a YouTube channel, and more. However, we recommend you run a YouTube channel or a blog (website) as these are relatively easier and more profitable. Regardless of the channel you choose, always make sure you follow the Federal Trade Commissions’ (FTC) guidelines.
2-Find a profitable niche to start with
Next, focus on a specific category. Remember: affiliate marketing is highly competitive, and niching-down is the only way out. Overcome the competition by building a more focused audience as it will help rank higher on search engines and increase chances of conversions. For example, don’t go for a broad category like automobiles. Niche down and focus on something more specific, like dirt bikes.
3-Choose a profitable affiliate program to promote
You can choose from three types of affiliate programs: 1) high-paying, low-volume, 2) low-paying, high-volume, and 3) high-paying, high-volume. ‘Volume’ refers to mass appeal, i.e., the number of people you can attract/influence. We suggest you use Clickbank to create an affiliate account and search for high-quality affiliate products. Believe us; it’s extremely simple to get started with Clickbank! Subscribe to our newsletter to get updates as we certainly will create an extensive post on ‘how to find profitable affiliate programs.’
4-Develop exceptional content
Now, focus on creating content that will help you influence your audience’s purchasing decisions. Create high-quality content where you can naturally place the affiliate links. Moreover, lead with value. Determine the pain points of your audience and try solving them through your content. Once you gain their trust, it will become easier to generate sales.
5-Generate traffic to the affiliate platform
By now, your affiliate marketing platform is all set. It’s time you throw some traffic at it and let the business model function. How can you generate traffic for your affiliate site? You can go for paid traffic, leverage Search Engine Optimization, or focus on building an email list (very important). We will share an extensive post on generating traffic for your platform in the upcoming posts.
There you have it. We have shared everything you need to know to get started with affiliate marketing. We highly recommend you follow the fundamentals of affiliate marketing mentioned above and create a solid affiliate marketing launchpad for yourself. Focus on making your first affiliate sale and let the journey take its course. Are you ready to generate passive income through affiliate marketing? Let us know in the comment! Also, don’t forget to check out other informative posts on the blog!
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