Affiliate marketing is an effective money-making strategy for countless online entities – however, as straightforward as it is in theory, success is rarely as easy as it looks. The best way to build a dedicated audience for any blog is to carefully and clearly define its target audience right from the start, and then create content that caters to that audience. It is also considered as important strategy for creating and publishing a successful blog is to develop content that isn’t readily available elsewhere in the blogosphere or on the web. Eventually, thanks for sharing your experience with us.
Hey Tom, thanks for this tutorial – it’s a good thing to get a tutorial like this from a trusted person like you and not from the thousands of (sometimes) confusing articles about passive income/affiliate marketing/clickfunnels and what not that I come across from time to time, I am making a living as a web designer and I have been thinking of pivoting from design and creative work to focus on passive income but didn’t know where to start. This is the perfect foundation article I have seen so far and I ‘d like to ask if you have any further reading/guides/videos on affiliate marketing that you’d recommend. I like to do my deep research before starting :) One more thing, there are some broken or missing images in this article, it could be my browser but check from your side too because there are quite a few images (e.g your Mercedes) that are missing. Thanks
Great post! And nice commonly used and proven approach to generating affiliate commissions quickly! One tip I would add, for anyone having problems creating an ebook for your blog, one of the fastest ways is to take several of your best blog posts that fit a current theme, and then compile them all into your ebook. That way, you can create your ebook quickly, and get people signing up for your blog’s email list.
You can research what affiliate programs are already out there and try to compete with their commission rate. Try to get listed in affiliate marketplaces like ShareASale or CJ. I don’t have experience actually running an affiliate program but I personally look for good commissions and a company with a solid reputation with products that can actually help my readers. Make a list of relevant websites/influences that fall within that criteria and reach out to them about your affiliate program. I know it’s broad advice but that’s why I see other companies do – they often have affiliate managers that are constantly working on business development.
Tim after reading your comments I had to reply about the online fitness coach. I know nothing about having a online personal coach or what it entails but I do know about having a trainer. I love my trainer he has me doing things that I never would have thought I would be doing however that being said it is expensive. If this an option for someone that whats to get in shape why not. But like i said I have do not have any personal experience with it so I don’t know whats involved.
On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)
For example, if you buy a $100 suit… perhaps you could rent it out for $25 for the night/weekend and someone locally is interested in just a cheap rental (because they don’t need to own a suit for the one or two times per year they wear one). After four weekends of renting the suit, it’s paid for itself. Now, whenever it’s rented out—you’re profiting for the remaining life of the suit.
No, this didn’t happen overnight. Yes, I was broke for a couple years while creating content. But it literally changed my life… I moved out of my parent’s house (sigh) into a nice studio in downtown Denver, bought my first car (a Mercedes c300), adopted 2 kitties, and my credit raised 45 points. I also donated $6,000 to GoFundMe campaigns. I’m a humble dude but in affiliate marketing, the numbers do the talking. So, I want to show you how I did it. Enjoy :-)
Join a startup accelerator: Another great option is to apply to a startup accelerator like Y Combinator, 500 startups, or TechStars, where a group of investors will help coach you, connect you with potential partners, and provide startup cash in return for a small stake in your company. The competition is tough to get into these, so don’t rely on them as your only path forward.
While this one isn’t super flexible SAHM job it can be a very lucrative one. Babysit other children you can earn around $28,000 to $52,000. You are already watching your own kiddos, might as well add a few (I guess easier said than done). You must meet state licensing laws to open a center. It’s a fantastic option for a stay at home mom job because you keep your children with you and they make friends and you also get to meet new moms.
My conversion rate went from 2.5% to 8% just by including Facebook polls where SiteGround was rated #1, along with a few Twitter screenshots and Facebook conversations. Whether it’s Amazon reviews or Facebook polls, you NEED to include outside opinions – that’s why I don’t like collecting reviews on my website – they look biased. But you can use WP Review Pro to do this, allowing people to review the product/service on your site and get those review stars.
It is important to realize that it is possible to earn an income with affiliate marketing, but it not easy to earn an income with affiliate marketing. It will take hard work and dedication to build a lucrative affiliate marketing website. You will need time to build your audience and gain their trust before you are able to perfect your affiliate marketing strategy.
I will give you a very simple example. Let’s say you build up an audience of 50,000 readers and out of that 50k you have about 1% that trust you (1% of people that trust you online is actually very huge), so that equates to 500 readers. Out of that 500 readers you will have about 10% that will buy your eBook and other affiliate products, so 50 people total. So, if you are selling your eBook for $10, you will make $500. Of course it doesn’t stop there, those people that buy the eBook and like it will most likely recommend it, and you will have a snowball effect where more people keep buying your book and other affiliate products. This is just a rough example that shows you some realistic numbers. Do not ever think that if you build up a huge number of readers that they will all trust you and buy the products that you promote; if it was that easy everyone would be a millionaire by now.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
Once you have the affiliate links you need, it is time to present them to your audience. As you start using affiliate marketing to talk about products, you need to be aware of how your audience perceives you. If your website appears to be only after their money through an overwhelming amount of affiliate links, then they are more likely to simply leave your site.
Higher plans include more server resources (#1 factor in the WordPress optimization guide). Here’s the full comparison chart, but GrowBig gives you about 2x more server resources than StartUp, and GoGeek is semi-dedicated hosting which gives you even more. GrowBig and up comes with a free migration, staging, advanced caching, and ability to host multiple websites. GoGeek comes with priority support. Their cloud hosting is quite the price jump at $80/month.
The only costs associated with a good website are your domain (about $10/year through NameCheap), hosting (SiteGround, even A2 if you want really cheap…about $5/month or less), and a WordPress theme (there are some good free ones but most of the big guys use StudioPress which is a $100 one-time cost). WordPress.org is free and can be installed in your hosting account.
22. Advertising – This is definitely the most old-school way of earning money with a blog. It’s also starting to become the least common way. You can sell advertising spots directly on your site or you can sign up with a company like Google AdSense or Media.net. Either way, you won’t see a whole lot of money from ads until your views are well into the thousands each day.
If you’re in the WordPress industry like I am (whether it be design, development, or SEO) I have accumulated quite the list of WordPress affiliate programs. I excluded those I found unsuccessful or pay too little to make a profit from, specifically ThemeForest, Creative Market, and low quality theme stores like Template Monster. Hosting pays well and I wrote a tutorial for SiteGround’s affiliate program and StudioPress themes which are my 2 highest paying affiliates. Those tutorials have tons of screenshots/social proof especially for SiteGround.
I could have promoted WP Engine (hosting company) for $200/sale with no tier program to climb – sounds pretty good right? But when I checked ShareASale I saw their reversal rates were 24%! Just to give you an idea SiteGround’s reversals are less than 10%. WP Engine starts at $29/month while SiteGround’s is $3.95/month, plus SiteGround has a better reputation. I had to climb a tier program to higher commissions with SiteGround, but it paid off long-term.
Ever since the idea of online auctions came into existence, the online selling market has been on the rise. Many are interested, but don’t know how to get started. There are still all kinds of ways to make money by selling online, whether you’re selling what you already have or buying and selling like a store. Before we get started, here are a few general tips when selling anything online:
Next, you’ll need the right tools. You can be as complicated or simple as you want depending on your comfort with audio equipment, but at the minimum you’ll want a microphone and software for recording your voice. Companies like Behringer, Blue, Focusrite, and others sell studio-quality plug-and-play podcast setups that can get you recording today.
You can find affiliate programs for everything from a fun cookbook, to a beauty or fashion item, to a financial product. Whatever your audience needs, you may be able to find an affiliate link for it. The beauty is that you are able to provide links to products that could really help to improve your readers’ lives, and you are able to earn a profit in the process.
If you’re a fitness buff and have the right combination of charisma and business sense, working as a part-time online personal trainer can be both physically and financially rewarding. Once you build up a reputation and client base for yourself, it could easily turn into a full-time endeavor for you. Check out a few of the top fitness blogs and observe how they make money online from their content sponsorships, affiliate earnings and product sales.
Cafe Press: This website allows you to create digital designs that can then be sold on the platform. You'll earn a commission for everything that sells and you'll never have to deal with logistics like printing, warehousing and customer service. If you have some graphic design skills, then this is a great potential source for your web-based income.