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2020 has been a year that had a huge impact on many people. Actually, it made many people realize that having an alternative income stream is the only way to make sure they are financially secure.
People realized that relying on 9 to 5 jobs only is a huge mistake. Things need to change fast.
Amid the chaos, many people have started their blog (including myself) in the hope of earning a side income that can be an additional pillar to our support system.
Now, with the right kind of blogging strategy, this side income can be transformed into a full-time income.
That’s where affiliate marketing really stands out.
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Can affiliate marketing make you rich?
Of course, it can. But it won’t happen overnight. It does take hard work and time to reach that point.
The awesome thing is that you don’t even need to spend a lot of money to earn a FULL-TIME income with affiliate marketing.
If you sign for the best affiliate programs, you will be able to earn enough to live a comfortable life.
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How long before you start to earn a full-time income with affiliate marketing?
This is a tricky one to answer. There is no simple answer to this question. But, if you work hard enough, you will be able to earn anywhere between $3,000 to $10,000 in 2 years.
I have seen people earning $10,000-$25,000 per month within their first year. But these people are the most hardworking in the industry working around 14-16 hours per day. They work way more than I do.
But for those who can dedicate only a few hours per day, there is a piece of good news.
If you have enough patience, you can earn at least $800-$1,200 within your first year.
But for that, you will need to have your own blog.
This is the best way to create a sustainable online business. Your blog will allow you to earn CONSISTENTLY, which is really crucial.
How to make money with affiliate marketing and become rich
Here is how you should proceed if you want to have a shot at earning money with your affiliate links.
1.Focus on a few products only
When you are new to affiliate marketing, you will be tempted to refer all types of products to your audience.
When I started my blogging journey, I thought that the more products I will promote the more money I will earn.
On the surface it makes sense.
I beg to differ. You will be spreading yourself so thin, that it would have been better you didn’t do affiliate marketing at all.
The thing is: By focusing only on a few products (I recommend 1-5), you will generate more sales than you could imagine.
Having only a few products will make sure that you track your performance well, and keep on testing different ways to increase your sales.
I cannot think of a better example than Apple.
When Steve Jobs joined Apple he reduced the number of apple products by 70%. His strategy was to have ONLY 4 products: One desktop and one portable device for consumers. For professionals, Apple created the Power Macintosh G3 desktop and the Powerbook G3 portable.
Before he joined the company, Apple was on the brink of failure. One year later the company made a profit of $309 million.
Pro tip: Choose 1 product and learn how to promote it well, once you start to generate income, you can choose the next one. One product at a time, my friend.
2.Chose the right affiliate program
The purpose of an affiliate program is to make everything easy for you. You will get a dashboard where you will get every piece of information that you need.
Having only 1 or 2 affiliate programs platform will ensure that you can monitor your progress and make necessary changes to increase your earnings.
Don’t overwhelm yourself by creating an account on 10 different affiliate platforms. In the end, you will earn nothing.
Choose 1 platform that is popular and make it work.
My favorite affiliate program is ShareAsale.
Well, I got accepted the same day and earned my first $20 within the first month.
The platform offers a wide variety of products and services. You will get products from almost every category that you can think of.
3.Start your blog or a youtube channel
Having decided on your affiliate programs and which products you will promote, it will be time to either start your blog or a youtube channel.
Creating content that can be found by people is the best way to do affiliate marketing.
That’s why you will need to create content(Either blog posts or videos) that will drive traffic.
Now, your content should target keywords that have buyer intent. For instance, if someone is searching for “Best garden tools”, they are more likely to make a purchase when they stumble on YOUR content if you targeted the keyword “Best garden tools”.
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4.Create quality content
Many people will tell you to create EPIC content. But is it really necessary to create super high-quality content with 2,000-5,000 words?
The simple answer is no.
Based on the type of keywords you choose, you can easily get away with content that has 1,200-1,500 words.
The MOST important thing is to create content that helps people and is easy to read.
Here is the deal:
Creating content regularly is what will set you apart from the crowd. Having more content means you will get ranking for a wider range of search results. Which will generate more traffic.
With more traffic, you will generate more sales.
5.Grow your affiliate marketing business
Once you have tested what is working, the next step is to scale up your business.
Generating a side income is really exciting. But, that can be transformed into a full-time income.
The only thing you need to do is to bring more targeted traffic to your best-performing blog posts.
There are two ways to do it:
Now if you have enough resources, you can invest in Google and Facebook ads.
But what about free traffic that can generate sales instantly?
Ahaaaa. That’s more interesting. Ist it?
Well, personally I will recommend you to use only 1 or 2 social media platforms.
Focus on a few till you master them.
Final thoughts: Can affiliate marketing make you rich
Affiliate marketing for sure can make you rich if you are ready to invest time and work hard.
There are more and more people who are trying affiliate marketing as it’s relatively easy to generate a sale.
Nurturing your blog with content is the best way that will guarantee you will build an audience that will buy from your affiliate links
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See you soon!