If you’re currently researching how to start an affiliate marketing business, you’ve made a good choice because affiliate marketing is still providing opportunities to earn money from home. In fact, it might be the success stories that have persuaded you to start the business. However, how did they go from having the same idea as you to making enough money from home to support a family and pay all the bills?
Today, we’re going to explain exactly how you can follow the same path but we should preface this guide with a warning. If you’ve chosen affiliate marketing because you’ve been told you can work a couple of hours a day and own a sports car in under four weeks, you’ve been sold a lie. While some people eventually earn enough to reduce their working hours, they first had to go through a period of hard work and determination. If you aren’t willing to give the business your all, you aren’t going to see results; keep this in mind while you’re considering this business idea.
As long as you have self-motivation and will find it easy to get out of bed in the morning, you’ll be in a great position and we can’t wait to help you get started!
Step 1: Select A Niche
Before building a website and reaching out to consumers, you first need to decide on a niche in which you’ll operate. Nowadays, there are thousands of niches that provide an opportunity to earn money. When people ask us how to start an affiliate marketing business, we always say that we can’t help them unless they first know which market they want to explore. If you already have this information, feel free to skip to the next step.
Although it’s easy to feel a little overwhelmed, we suggest starting with two key questions; what am I passionate about and what do I have knowledge of? Once you have a shortlist, you can then ask whether there’s money in any of these ideas. Sure, you might enjoy talking to your friends about the different materials you can use while sewing but this is no good if there isn’t an audience out there.
While making this decision, you also have to question whether you could see yourself creating content on this particular topic. While you might enjoy golf or pasta, can you see yourself writing 100 blog posts about the topic? After this, you can investigate the market, how many marketers already exist in the field, whether there’s room for one more, etc.
Step 2: Check For Affiliate Programs
Once again, we’re not building a website just yet because you need to know whether there are any worthwhile affiliate programs in the market. After building a following and working hard for weeks/months, the worst thing would be to find out there isn’t an affiliate program worth pursuing. Not only can you check that Amazon and similar sites sell products for your niche, you should also look for specialized affiliate programs.
Additionally, the fact they exist isn’t enough so are other marketers using the platform, how much commission will you make (will this ever increase), are the products good enough to tie your name to the brand, and does the program provide support? As you can see, the ‘how to start an affiliate marketing business’ question is more than just starting a website and blogging every day. Before any of this, you need to conduct extensive research otherwise you’ll fall into the traps that have caught out many before you.
Step 3: Create A Website
For many years, these three words were daunting but the process of creating a website these days is incredibly simple. With so many platforms that allow you to build a website using a theme within minutes, you don’t need to panic over this process. Before jumping into this step, however, be willing to take your time and research the best platforms on which to start your website. Once you’ve sorted the hosting with a reputable company, it will then be a case of installing WordPress and choosing a theme for the website as discussed.
Step 4: Create Brilliant Content
If you need to know how good your content needs to be on a consistent basis, we urge you to visit the blog/website of your competitors. If you want to mix it with these guys, your content needs to be just as good (if not better!).
Ultimately, the main goal of this process will be to become the authority site within your niche and this comes with a few things. Firstly, consistency is important to get into the habit of uploading every other day or however often you feel comfortable. If your readers know exactly when the next post will go live, they’ll start to feel a familiarity towards your brand and it becomes a constant in their lives.
Once you have a good schedule, the next step is to mix up the content rather than producing the same type of thing every single time. For example, why not try product reviews, opinion pieces, collaborations, simple blog posts, research posts, interactive posts, and more? All things considered, people will be taking time out of their busy lives to visit your blog so what will you offer in return? As long as it’s genuinely useful or funny, you’ll instantly have their attention so this is a good starting point.
Step 5: Build a Readership
Rather than just producing your content and then hoping for the best, you need to promote it and share it across all your different platforms. As you start to take advantage of Facebook, Twitter, Instagram, and other platforms, you’re making yourself easier to find. With the use of hashtags and regular sharing, social media will be your best friend as you progress.
Furthermore, you could also consider building an email list, guest posting on similar high-traffic blogs, working with influencers (like YouTubers) in the market, investing in paid advertising on a number of platforms, and using SEO techniques to boost your website up the search engine rankings for important keywords.
Step 6: Earn Some Money
After following the first five steps on how to start an affiliate marketing business successfully, you should now be at a stage where earning money is possible. Using your research from the second step, get in contact with the affiliate marketing programs and tell them all about your following. If it’s sufficient, they’ll allow you to earn a commission for advertising their products.
All this time, you’ll need to continue with the high-quality content but now your website will feature product reviews, banner ads, email promotions, giveaways, competitions, in-text content links, discounts, and so much more. The more people click on your ads and buy the product(s), the higher your earnings will be.
If you achieve success and there’s a potential to do it all again, why not move into a second market and see if you can match the success of the first? Of course, don’t do this if you don’t have the resources to look after your first website otherwise this will suffer and all your hard work will be undone. If you can do it, your earning potential will be limitless!
I hope you found this article helpful. What do you think is the #1 reason people are hesitant about starting an online business despite all the benefits it offers? Leave a comment below. I would love to hear from you.