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The Complete Guide To Making Money With Affiliate Marketing

Passive income. It’s the holy grail of online business, the dream every entrepreneur chases.

But passive income isn’t just one plan or income stream. It’s made up of several different types of cash flowing into your business, and one of the most popular is affiliate sales.

Promoting products and services through affiliate programs allows you to:

  • Earn cash without having to write books, create courses, or do any of the heavy lifting associated with product development
  • Get paid for sharing valuable resources with your readers, fans and clients
  • Earn recurring income thanks to cookies  (little pieces of data) and ongoing referral tracking

Imagine referring a client to a product such as my friend, Matt McWilliams new free eBook, Affiliate Freedom: The Quick Start Guide To Making Money Online Without Creating a Product.

If and when she makes a purchase, you get paid. But even better, because of ongoing referral tracking, the next time she makes a purchase—even if you haven’t made another promotion—you’ll get paid for that as well! That is the power of affiliate marketing, and why it’s such a big part of your passive income plan.

Of course, you can’t just start signing up and dropping links everywhere.

Well, you can, but you won’t have a lot of success.

Instead, you’ll want to put some thought and planning into your affiliate promotions, so that you can provide your audience with relevant resources they need and want, and so that you can grow your passive income as well.

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What Is Affiliate Marketing?

Before you get started though, let’s talk for a minute about affiliate programs.

Not all are created equal, so when you’re researching options, be very careful to thoroughly read the terms of service.

You want to fully understand how sales are tracked, how long cookies last and when payment is made and any payout thresholds that exist.

If something isn’t clear, reach out to the program manager before you begin promoting. It’s frustrating to make sales and not be paid due to a misunderstanding of the fine print, so take the time to do this first.

Step 1: Set Up The Infrastructure

You can get started with promoting affiliate offers quickly—all it takes is to sign up for a program, grab your link, and start sharing.

But if you take the time to correctly set up your infrastructure, you’ll find it’s much easier to:

  • Collect data (so you know what’s working well in the workbook above)
  • Promote products on the fly (without having to log in to an affiliate center and hunt down a link every time you want to share a resource)
  • Change your mind about what you’re promoting (especially important when companies change their offers)

You don’t have to spend a lot of time or energy on this either. There are just a couple of pieces you need:

  1. A way to create branded short links
  2. A way to track your results

There are a number of ways to create branded short links. You can purchase a domain just to house your affiliate links, such as www.yournamelikes.com or www.yournamehelps.me.

From there you can either install software such as YOURLS (open source and free, but a little techy to install).

Yet another option—if you’re running a WordPress site—is to install a plugin such as Pretty Links.

Both the free and paid versions of this plugin give you unlimited link redirects, allowing you to turn ugly, long affiliate links into more clickable short links.

And make no mistake, short links are more clickable. Think about it. Which are you more likely to click on, this:

https://www.amazon.com/Tools4Wisdom-Planner-2017-Calendar-Hardcover/dp/B01HR8KFF2/ref=sr_1_1?s=office-products&ie=UTF8&qid=1483577052&sr=1-1-spons&keywords=planner&psc=1

Or this:

http://yourname.com/planner

Clearly, the second link, which is shorter and readable will earn many more clicks than that scary looking long one.

The second goal of your affiliate marketing infrastructure is tracking.

You need a way to track the number of clicks your links receive, and while any good affiliate program will give you this information, it’s nice to have it in a handy dashboard where you can compare programs.

Any of the paid platforms or plugins will provide this information, and allow you to see, for example, which of the hosting companies you recommend receive more clicks.

Note: It is not a good idea to rely on unbranded link shorteners such as bit.ly or goo.gl. While these services are convenient, the links are often seen as spammy, and the service can vanish, leaving you with hundreds of broken links to track down and fix.

Step 2: Start With The Products You Use And Love

Now that you have the infrastructure in place, it’s time to start thinking about what products and services you’ll promote.

For most business owners, that starts with the products you’re already using. Here’s why:

  • You know the pros and cons of them and can speak about them with authority
  • You’re already a fan—and fans make better evangelists than anyone else
  • Buyers will trust your recommendations knowing that you use the product
MY PERSONAL RECOMMENDATION FOR YOU  110+ Top Bloggers And Entrepreneurs Share Their Most Successful Social Media Actions

Think about the coaches and mentors you follow online.

You’ve likely seen them promoting affiliate products. You may have even purchased some of them. And by far the most effective promotions are those that maintain their authenticity.

You’re more likely to click-through to find out more about a product or service if the email or blog post is authentic and transparent, sharing not only the good but also the bad.

Here’s another reason to begin with the products you’re already using: chances are good that your ideal audience needs them, too.

For example, if you’re a business coach and one of the marketing strategies you share with your clients is to create free webinars to grow their mailing list, this is likely a technique you’ve used yourself. That means you have a preferred:

  • Landing page creators such as LeadPages or Instapage (my new fav!)
  • Webinar hosting solution (I always recommend BlueHost)
  • Mailing list providers, like ConvertKit or the free MailerLite

Promoting these to your clients and fans is a natural, easy fit. In fact, making recommendations of this sort is more about helping your readers than it is about making a sale.

Step 3: Research Complementary Products

What other resources does your idea client need?

Complementary products and services are handy to have as well, whether you’re a business coach, a health coach, a freelancer or a service provider.

Think about the strategies and solutions you most often recommend to your clients.

  • What other help will they need to make use of your ideas? Using the example above of a business coach recommending free webinars for list building, your client may want to run Facebook ads to drive traffic to her webinar. If you’re not an expert, this is an ideal complementary training you can promote. All it takes is to find a valuable training program with an affiliate program, and you can add to your revenue stream while helping your clients.

The list of possibilities for complementary products is endless, and you can find dozens simply by searching for [product] + “affiliate program” in Google.

A few options to consider are:

    • WordPress themes and plugins
    • Business training
    • Facebook ads training
    • Graphics programs
    • Service providers (Virtual Assistants, Online Business Managers, copywriters, etc.)
    • Software
    • Other coaches in different fields than you
    • Templates and checklists
    • Web hosting
  • Project management systems
  • File sharing programs
  • Social media tools
  • Shopping carts
  • Payment processors

Step 4: Review Your Autoresponder Series For Opportunities

Your mailing list is the ideal place to make affiliate offers.

Since the majority of people on your list are likely not buyers but instead are seeking information, it’s the perfect chance for you to share your best resources with them—both your products and affiliate promotions.

If you have existing autoresponders, now is a good time to read through them looking for opportunities.

For example, if you have a series of emails that promote your group coaching program, what happens to subscribers who get to the end without purchasing? For most online businesses, these subscribers are simply lumped into a segment to be sent the occasional broadcast message.

But what if instead, you move them into another sequence that promotes your competitor’s program?

Perhaps these subscribers, like the potential clients in step 4, simply don’t resonate with you. They might find Betty Business Coach a better fit, and you would be doing them a disservice by not introducing them to her programs.

Look for related product placements as well. If you send an email with instructions for setting up a new website, you should also link out to your preferred hosting provider, WordPress theme developer, and any important plugins you recommend.

The same goes for any actionable content—if you’re asking your readers to do something, be sure you’re also sharing the tools they’ll need to get the job done.

You can also create an entire autoresponder series around affiliate promotions! People love to know how others run their business, manage their time, organize their household, budget their money, and any number of other tasks.

Create a downloadable resource guide with affiliate links to your recommended tools, then set up a landing page to collect addresses.

In your email follow-up series, you can dig deep into each tool, explaining what it is, why you like it, and any tips you have for making it work better.

And of course, you’ll populate these emails with your affiliate links.

You’ll grow your list AND generate some passive income as well!

Remember to grab your free copy of my favorite affiliate manager, Matt McWilliams, new eBook, Affiliate Freedom: The Quick Start Guide To Making Money Online Without Creating a Product. It is awesome!

What is affiliate marketing and how does it work? Discover the 12 steps to successful affiliate marketing and also get your free workbook!

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25 comments on “The Complete Guide To Making Money With Affiliate Marketing”

  1. Hey Sue, what I’ve learned during the years I have been freelance writing is that if you want to experience success in what you do, focus on doing something that you’re passionate about.

    This is no different with affiliate marketing. I agree with you that we need to promote products/services that we have used and love. It is the only way we can genuinely talk about them with passion, and make our readers feel what we mean to make them buy what we’re promoting.

    Thanks for sharing this post.

    Regards,

    Mercy Mmbone.

    1. Hi, It's true, passion keeps the wheel spinning and helps keeps boredom at bay when one puts the heart and soul into something he/she is passionate about and it's more wonderful when their passion makes someone learn or gain from it like what Sue is doing out here.

      I'm just doing something really passionate, its called PassionRewarded dot com but right now I stuck for ideas.

      Thanks and regards,

      Krish

  2. Hey,

    Its a good article and really very helpful to newbies. Some of the points you mentioned above are outstanding and really very effective but some points I already knew them.

    Thanks for sharing such kind of crucial informative post. And keep sharing your valuable opinions.

    Thanks-

  3. Pick products you genuinely love, and have a passion for. Folks tell if you sell just to make money or to share something that can impact their lives in a wonderful way. Big difference between the 2 energy-wise. I found promoting what I loved affiliate-wise helped me promote it freely, more clearly. No resistance, or shame, leading to bigger sales. Rocking post my friend.

  4. Nice piece, Sue.

    I have done so well with affiliate marketing than I do with selling my own products. I will start paying more attention to it on my blog. Thanks for sharing.

    Emenike

  5. Affiliate marketing is still a hot means of monetizing a blog.

    It works every single time, especially if you have a list that loves you and are interested in the kind of products you always promote.

    Thanks for sharing, Sue.

    Chi

  6. Hello

    Sue,

    Affiliate marketing is one of the best ways to earn handsome revenue through the internet. But, affiliate marketing is not a easy task and there are many things to do to get better results.

    Your post covers all the necessary information about affiliate marketing and it is very helpful especially for newbies. Here, I have learned something new about affiliate marketing. The step by step guide from your side is amazing and easy to know.

    I have heard somewhere about product hunting tools to find the best and winning products for sales. I think product hunting tools will help us to find most trending products.

    Thanks for sharing this crucial information. Will share this post.

    Have a great day ahead.

    Praveen verma

  7. Affiliate marketing is a great way to earn money online. But it can also suck sometimes, specially with so many people being fed lies or sold crappy ebooks.

    My biggest advice would be to treat affiliate marketing like a real business. Invest time and money, and be prepared to lose both sometimes. It's certainly not that easy as people would like you to think. You need to do proper niche research, setup a good website, SEO the hell out of it, write amazing content, reviews, and engaging content..etc...

    Another tip: People should also research hot products to promote, not only their niche. For example, you could use tools such as OfferVault, Odigger, AffPlus, CBengine, etc.

    But you can also earn big, so in the end affiliate marketing is worth it if you put in the work.

    Cheers,

    Stephen

      1. Glad you liked my tips Sue, your article was great too by the way...but I forgot to mention it in my previous comment, I was more focused on saying what I had on my mind about affiliate marketing lol.

        I have a few more tips for new affiliate marketers:

        If you want to try out paid advertising to send traffic to an affiliate product, you should accept the fact that you could lose your money and not see anything in return. Don't even think about running a crappy affiliate offer on places like Google Adwords or Bing Ads, they will not approve your ads and might even ban you.

        Yes you can promote affiliate offers with paid traffic (even on Adwords, with their complicated rules, I still run affiliate campaigns on it). The thing is you need to play by their rules and know what you're able to promote and what you aren't. Also thin pages with little to no content won't do it.

        Biggest tip for paid traffic? TRACKING. Track everything you do and not waste money without getting some good info back in return. Data is the most important aspect of affiliate marketing (specially if you do paid advertising), so you need to know what converts and what doesn't.

        Also, if you do indeed start with paid advertising (which I don't suggest for newbies), you should get a landing page and never direct link. A landing page converts better anyway and you will have your campaigns approved faster in your ad network platforms.

        Cheers,

        Stephen

  8. Hi Sue,

    What a fantastic post. Affiliate marketing is one of the best monetization options for the bloggers. It can bring a huge income with a review post and link shares. But reliability is the main factor that decides the fate of your marketing efforts. You should build reliability and online reputation among the readers first before start recommending products.

    Thanks for sharing your ideas with us.

    Take care,

  9. Hey Sue,

    Very good and insightful post you have shared. Affiliate Marketing is what i was looking for like how to begin with it, how can I make a money with and that is all I have found here in your post. Thanks a lot for sharing this valuable article with us.

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