The money mag from Geldhelden.org and the financial feed network organized a blog parade and invited myself and other bloggers to share our thoughts on the topic "New sources of income 2021" to share. After 2.5 years of experience in affiliate marketing you can find an answer to the question here: "How can I make money with an affiliate project?" In 2021, you can start making money with affiliate marketing in as little as a week. After a few months, €100 a month is realistic. If you stick with it for at least a year, you can earn over €1,000 a month. Sounds good? Then let's start with the basics.
Making money as an affiliate: what affiliate marketing is
in the affiliate marketing you promote products of others. The owners of the product pay you a commission for each sale or lead. If you have a blog, podcast, or YouTube channel, affiliate marketing is one excellent way to make money. "Affiliates" have nothing to do with the actual creation of the products or their shipping. With an affiliate project you get to know internet marketing. This is how you can make money without having to develop your own products first. All you have to do is promote existing products and get paid. An affiliate project is remunerated based on success. The more successful your marketing efforts are, the more revenue will flow into your account.
Earning money as an affiliate: How affiliate marketing works
Affiliate marketing is a 5 step process:
- First, you sign up for an affiliate network
- Choose a partner product
- Advertise the partner product on your platform
- People click on your affiliate link and this sets a cookie
- When the purchase is completed, the cookie will be checked and you will receive a commission
How to find the right partner programs to make money as an affiliate
There are hundreds of affiliate networks. Once you know what type of products you want to promote, you can find many options.
Some of the leading affiliate networks are:
- Trade Trackers
- Commission Junction
However, these networks are only a fraction of the available affiliate networks. There are separate affiliate networks for special niches. In finance, for example, Financeads and Financequality. You must therefore first decide on a niche. But before you register directly with a network, you should think about the following questions.
Does the affiliate network have suitable products for my platform?
The theme of your website or platform is the main factor in the type of products you can later sell.
Therefore, you need to find products that your target group speak to. For example, if you have a blog about dog training start, you can offer your visitors thematically appropriate products: dog food, dog leashes or dog kennels, for example. As you can see, the range is wide.
For this reason, it is important that your first affiliate network has a Variety of product offerings has that appeal to your visitors with different prices.
Do your visitors feel comfortable when they make a purchase?
When the visitor clicks on an affiliate link, you send them to your affiliate retailer. Your visitors trust that you will not recommend any dubious offers. Can you accept the offer in good conscience friend in real life recommend? Would you shop there yourself?
If the merchant page doesn't seem like a place where you want to enter your credit card information, don't encourage your visitors to do so either. You must ensure that the selected affiliate network and its partners have a good reputation to have. Only then will your visitors trust you and come back to your site.
Does the affiliate network provide you with sufficient advertising material to earn money as an affiliate?
Especially if you are new to the online business, you need to make sure that you can easily integrate the products. So that you don't have to create everything yourself, a good affiliate network should provide sufficient advertising material. Which includes banner, Product Comparisons and similar.
Many affiliate networks offer customizable banners, product feeds, and link generators that you can style and drag-and-drop into your website.
Think about what kind of graphics you want on your website and how easy it is to integrate based on your technical know-how. The last thing you want to do is deal with technical issues before you even begin.
The Amazon Affiliate Program is an easy way to get started with affiliate marketing. You will receive tons of advertising material. You can have your existing Amazon account upgraded to a partner account. With that you can Links like this* and create much more for all Amazon products.
How does the remuneration and payment of the commission work?
Your main goal of your affiliate project is to help your visitors with suitable products. You want to be as generous as possible for this paid for your efforts will. Therefore, you need to know how the remuneration and payment of the commission works. Check in advance which payment methods are available and whether there are minimum amounts that must be reached for the first payout.
Some affiliate programs only pay the commission after a purchase has been made expired cancellation period out of. Others are already paying compensation for one Lead, if the customer has only given his e-mail address. In addition, many affiliate networks have variable commissions. If you manage to sell a lot, the network will give you a higher commission.
Create your first affiliate account to earn money as an affiliate
After exploring a few options, choose an affiliate network and create a free account there. Amazon offers a quick and easy signup process. You can upgrade your Amazon account to an affiliate account in just a few minutes.
How to make money selling products through the largest affiliate program: Amazon.
- visit the site Amazon PartnerNet and create your affiliate account by clicking Sign Up at the bottom of the page.
- give now Personal information, bank details and Account Information to create your new account.
- After you have provided all three types of information, you will have your new affiliate account.
- Here you can now remunerated affiliate links for Amazon products create. For the search term affiliate marketing does it look like this:
- the Left and the layout can still afterwards color customized will:
- As a normal visitor, you hardly recognize the difference on Amazon. Only if you take a closer look at the link in the browser will you recognize the partner link through the Affiliate ID
Do I need a website to make money as an affiliate?
You don't necessarily need a website, to make money as an affiliate. But having your own platform will make your life easier. A simple WordPress website with a free theme will work. The advantage of having your own website is that you freely configurable platform for content marketing. With this you can generate excellent leads and sales and make adjustments in any direction.
Some initially only rely on a Facebook page or Instagram account to make money as an affiliate. While these are great tools, you are very platform dependent. You have no right of co-determination in the event of changes, although these can have a major impact on your site.
On the other hand, if you have your own website, you are in the driving seat. You are not at the mercy of social media platforms, whose rules are subject to change at any time.
How much money do I need to start as an affiliate?
You need no money to start with affiliate marketing. It is enough if you have two to three hours a week to devote yourself to your new hobby. However, to save time and headaches, many things are available for purchase. This includes the creation of content via freelancers to the involvement of advertising agencies to draft one content strategy, keyword research and much more. This can then cost from a few 100 euros to several thousand euros. Good advertising agencies charge around 100 euros an hour.
Of course you can too buy a finished affiliate project. In Germany there is a marketplace for this mabya. Internationally, the Flippa marketplace (smaller web projects up to approx 10.000 $) and Empire flippers (bigger projects up to several million dollars) contact points around than Affiliate earn money right on the first day.
A paid advertising strategy via Google Adwords or Facebook Ads can also help increase your earnings. If you are inexperienced, you should paid traffic but be careful. Because here you can quickly burn money without having any benefit from it.
Common is one Combination of free and paid advertising strategies ideal for reaching customers and yours Increase affiliate marketing revenue.
How fast you can make money as an affiliate
With affiliate marketing, you already can after a week start making money. To few months are 100 € per month realistic. If you have at least one year long stick with it every day, you can already do it over €1,000 per month earn with affiliate marketing. Give your affiliate project some time, because important rankings in the search results don't come overnight.
In addition, a lot of preparatory work has to be done first. Which includes Research, product selection, demand analysis, website structuring and also coping technical (e.g. loading time optimization, plugins) and legal problems (e.g. imprint, data protection). This can be overwhelming. Be careful not to get stuck in front of a huge mountain of work that will leave you in shock. So sit down reasonable and achievable goals for what you want to do every day for your affiliate project.
To see how yours first commissions to the affiliate marketing enter motivates immensely. Use this boost to build momentum for your affiliate project. If you avoid the pitfalls of affiliate marketing, it's one of the best sources of income in 2021!
If you're interested in learning more about affiliate marketing, I recommend the free resources from Neil Patel as well as the YouTube channel Income School by Jim and Ricky. If you prefer to have everything in one guide at hand, I recommend this Affiliate Marketing book* by Wilhelm Kraus. I wish you success!
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*Affiliate link: If you get to a provider via one of these links from my website, I may receive a commission. This does not result in any additional costs for you. ❤️ THANK YOU for using these links! ❤️
Disclaimer: This is well researched but non-binding information.
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