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Many people are interested in making money from an internet based side hustle to supplement their regular income or even start an online business to fully replace their income. While there are many ways to make money on the Internet, one of the fastest and easiest ways to make money online is by starting an affiliate marketing business. Even if you have an existing business, affiliate marketing is one of the easiest ways to add an existing income stream to your business.
Affiliate marketing is a great way to make money online as a stand-alone business or as a source of additional income for an existing business. While it's not as easy as making money from ads on your website, it's still relatively simple to do and has more profit potential than just advertising on your website.
There has to be a perfect match between you and the merchant who is going to benefit from your promotional efforts, otherwise it just won't work. The easiest way to get started with affiliate marketing is to select an affiliate network. There are many affiliate networks, some of which are linked to well-known companies like Amazon, Google, and Apple, while others specialize in specific types of products and services.
Find and select the right affiliate products
A good product strategy is a must for new affiliate marketers. Ideally, you should choose a niche that you can make money with online and has a lot of product providers. This will give you a wide selection of products to offer to your online community. However, when you are just starting out, you should limit yourself to two or three products at a time.
Consider purchasing the product before promoting it
As a new affiliate marketer, you don't have to buy every product you want to promote. However, it goes without saying that owning and using the products is huge in building credibility and trust. An intimate knowledge of the product can be the difference between making the sale and moving prospects elsewhere.
Writing reviews for a product is a great way to improve your credibility as an affiliate marketer. This is especially easy with information products like e-books which are relatively inexpensive. After establishing a steady income, it may even be worth buying high-end products, as long as you contact the creator of the product to develop a strategic marketing plan that will take you to the next level.
Use social media marketing to get more traffic
Facebook, Twitter, YouTube, Pinterest, and other social media marketing methods are great vehicles for "word of mouth" or viral marketing. Video marketing, in particular, is a great way to showcase your expertise through commentary, screenshots, and live demos when needed. At present, making videos on Facebook and Facebook Live are extremely effective and use YouTube for a longer term approach to video marketing.
Consider using redirect / "pretty" links
The cloaking or use of anchor links has been a controversial issue in Internet marketing circles, with some affiliate marketers swearing by it and others who feel it is unnecessary. On the one hand, long, ugly affiliate follow links are a direct giveaway to people that you want to sell them a product (and people may be uncomfortable clicking on them). Therefore, making your link shorter and "prettier" will make it look more professional. One of my favorite plugins for making links "pretty" is the Pretty Links WordPress plugin. This makes the link much shorter, more user-friendly, and easier to type in case they can't click the link for some reason and want to type it in their browser.
The Bottom Line on Getting Started with Affiliate Marketing
Whether you are starting a new business from scratch or already have an existing business (offline or online), affiliate marketing is a great way to generate income online. All you have to do is recommend relevant products or services to your audience and the seller of the product you are promoting takes care of everything, including the creation of the product, the sales process, customer service, reimbursement, etc.
The key to success with affiliate marketing is to start and keep learning new tips and tricks to grow your affiliate business as you continue to build and grow your affiliate business.
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