Affiliate marketing is skyrocketing with a total market worth of over $12 billion in 2017. Not to mention 81% of brands have been relying heavily on this unique strategy to drive sales; in fact, it has even been reported that 170 million transactions were performed through affiliate marketing in 2017. Even though affiliate marketing can be a good source of passive income, but really, how fast can you make money with affiliate marketing?
What Is Affiliate Marketing?
The first thing to know is what affiliate marketing is. Generally speaking, affiliate marketing is a strategy through which you can earn money by referring people to other brands’ products. You can create awareness about different products in the market by sharing your experiences.
With the massive commissions earned by people through affiliate marketing, it is easy to assume that you can start earning money from the get-go. This couldn’t be far from reality.
How Fast Can You Make Money with Affiliate Marketing?
At present, people are genuinely interested in unique and valuable propositions. Customers now tend to read about products and services before choosing to buy one. For this reason, you can create your blog in a particular niche and start with affiliate marketing.
However, don’t expect to start earning from the very first month since it takes around three to six months to land initial commissions. Most people and authentic gurus would even tell you that despite rising affiliate marketing trends, you won’t be able to reap the real rewards in less than a year.
Nonetheless, that should not discourage you. It is quite a lot like a difficult recipe that takes massive efforts, but the appreciation you receive is definitely worth it. That being said, you would have to be consistent in your efforts.
How to Generate Maximum Income from Affiliate Marketing in the Least Possible Time?
Affiliate marketing is a tricky business. Sometimes, right before your first great commission, you might feel the need to quit.
Keep in mind that it is not for the weak hearted. It requires hard work and intelligent thinking. If you are tired of waiting and sitting around for good commissions and if you are really serious about making affiliate marketing a stable income source for yourself, here are some great techniques to increase your earnings through affiliate marketing:
1. Invest in an Affiliate Marketing Course
You might feel that this is a time-wasting endeavor, but it couldn’t be far from reality. Most of us just jump on a new opportunity without ample knowledge. This is how you crash and burn fast and then end up being depressed.
The best way to go about any new venture is to learn from the best. You will end up with great resources and advice to increase your income. Here are some of the best free courses to increase your knowledge of affiliate marketing.
2. Increase Your Credibility
The best way to increase your commission is by increasing the traffic on your blog. Astoundingly, there are no shortcuts to this. Or one thing, you will have to learn to produce honest and attractive content.
Be focused on a particular niche that you are passionate about. Invest time and write more articles with affiliate links. This way you will also get on the good side of Google and generate more traffic when you rise higher in the ranking system.
Secondly, how can you get traffic to your website fast? The best way to attract an audience is through:
- Making video tutorials which can help you directly connect with your audience
- Creating landing pages that will get your audience excited and offer them a great benefit
- Involving yourself in guest blogging by writing for other websites as well as asking others to generate content for your website
- Being more vigilant about the statistics of your blogs to know what kind of content is actually valuable for people
- Promoting yourself through different social media forums
- Rewarding people with cool giveaways
3. Focus on Higher Rewards
You might assume that being active on all social media platforms is the best strategy. You couldn’t be more wrong. Managing all the channels at the same time can take your focus away.
If you are just starting, the best approach is to focus on one or two main social media forums. Master these properly to take on the task of managing all of them at once to get maximum advantage.
4. Partner with Relevant Affiliate Programs
Increase your knowledge about the best possible affiliate programs to participate with, and target the ones that are more suitable for your needs. Initially, you can start with the easier ones like Amazon Associates and ClickBank that provide you knowledge about how to progress with affiliate marketing.
There is also the advantage of a diverse range of products since you can always find something that you can provide a link for in your blog. Other great options include:
- ShareASale Affiliates
- Shopify Affiliate Program
- Rakuten Marketing Affiliates
- Bluehost Affiliate Program
- CJ Affiliate by Conversant
- eBay Partner Network
You can also focus on native affiliate programs for guiding your audience better. It will reap more rewards because people appreciate the low delivery costs and easy availability of the products or services you will provide as an affiliate link.
5. Be Creative
You will also have to think outside the box to drive more people to your blog. A great way to do this is by writing a book that serves your audience. This can be done more effectively if you have chosen a niche that is yet to be explored by others.
Correspondingly, you can choose to write the book yourself or take services from other freelancers. Gain complete knowledge about the niche and pen it down for others to read.
Just share valuable information and insights. You can lure more audience with your knowledge that you can share in the e-book.
Now that you know how fast can you make money with affiliate marketing, the next thing to do is to optimize your efforts for a better result. Be focused and persistent in your efforts and learn from the best. If you work hard, the sky’s the limit, and there is a high chance of earning $ 1000 every month within six to twelve months.