How To Make Money Affiliate Marketing – 12 Questions To Ask Yourself
So, you want to know how to make money affiliate marketing. This post answers twelve questions that can help you on your way to success.
If you have no idea what affiliate marketing is, start here.
If you understand affiliate marketing but want to learn more or if you aren’t making headway with your affiliate marketing program this post is for you!
First and foremost, affiliate marketing isn’t a get rich quick scheme. It takes work. If you plan to attempt earning an income with affiliate marketing, develop a business plan and keep regular hours. Posting your affiliate links and hoping the money will roll in just isn’t based in reality. Staying consistent, working, and working some more is the reality of affiliate marketing.
If you think you are ready for the work and commitment, here is a list of twelve questions you should answer that can help you increase your revenue:
- How much traffic do you actually have visiting your site?
If your traffic is low, chances are you are making very little, if anything, on affiliate marketing. First, learn how to increase your blog traffic, then shift your focus to affiliate marketing.
Now, if you don’t have any idea how much traffic your blog is generating, you need to set up a google analytics account and start tracking.
- What does your traffic actually look like?
If you have a decent amount of traffic coming to your blog or see that your traffic is on the rise, you need to understand your site’s visitors. This means two things:
- Understanding your target audience
- Checking your traffic numbers and demographics to see if they align. If they don’t align, get a handle on who is actually visiting your site. If you believe your audience is young mums, but it turns out that single women are visiting your site, then partnering with a baby food company for affiliate marketing won’t generate income.
- How many products are you promoting?
Don’t promote everything under the sun. Only promote a few good products. If your blog is cluttered with promotions, people won’t click anything. Your readers will believe you aren’t there to help them—only to help yourself.
- What are you promoting?
Love what you promote.
Believe in what you promote.
Investigate what you promote.
You are telling people what products to buy, so if someone is unhappy with a product you suggested, they may not take your suggestions (or even visit your blog) again.
If you use and love a product, go see if they have an affiliate program! Your passion for the product will shine through to your readers.
- Does the affiliate program align with your business model and values?
Make sure affiliate programs you partner with are a good fit for your business.
How do they pay you?
What do you have to do to receive pay?
- Are you continuing your education?
Stay current on the latest trends and technologies in affiliate marketing. The landscape of the world-wide web changes quickly, if you don’t keep up, you will be left behind.
- Where are you placing your affiliate links?
It’s true that some of the highest clicks your affiliate links will receive are within your content and in images, but don’t stop there. Are there other places it makes sense to drop your affiliate links? Can you put banners in a side bar (remember, not too much clutter!)? What about creating a google ad with your affiliate link?
- Are you tracking and testing?
Track, track, track and test, test, test. Good data can aid in good decisions. Track your income, track your links, track it all.
Wherever you place your affiliate links, track their success. If something isn’t working, investigate why it isn’t working. If you can make a tweak here or there, do it, but at some point, determine if the returns are worth your effort.
Try new things and test out ideas. Modify based on your test results. Tweak for optimum results. Find what isn’t working and fix it.
If you aren’t already using Google Webmaster Tools then I strongly suggest you have a look at the services they provide. You can use this for free and it is worth its weight in gold. Use this link to take you to the home page – Google Webmaster Tools
- Is the product you are promoting even popular or in-demand?
Asses the products you are promoting. If it isn’t a popular product, why are you promoting it? If you really believe in the product and think it SHOULD be popular, that is different than promoting more junk.
- Are you transparent?
Be up front and honest. Tell people you are an affiliate. People like honesty. Not only is it the best practice, but sometimes laws and regulations require you to do and say certain things if you endorse products. See what your country and local governments require.
This also means being honest with your readers about whether or not you purchased the product. This will give you legitimacy. You can take photos of yourself using the product or even share a video about the product.
Answering these 12 questions will help your business grow and teach you how to make money affiliate marketing.
If you have any questions or would like some help with your online journey please leave a comment in the box below or use the contact form to send a message.