Affiliate Marketing and Email Marketing are the best ways to make money online. You can start earning passive income online with affiliate marketing. Affiliate marketing is a relatively passive income but it’s not completely passive because you need to make partnerships and promote them to make sales and earn commissions. Keep in mind that affiliate marketing is not one of those get rich schemes.
Affiliate and email marketing are one of the best ways to succeed in online business. When you know that money is coming from multiple online sources, you can rest easy knowing you’ll have money to pay the bills when one income stream dries up.
This post contains affiliate links please read my Affiliate Disclosure here.
How Affiliate Marketing Works?
Affiliate marketing basically is sharing third-party services or products with your following and making a commission on sales.
You will earn when a customer clicks on your content and they’ll be
taken to the business’ own site. When people click on your links and
that turns into a purchase, you will receive a commission as compensation
for your referral. It’s a simple approach to generating a profitable
passive affiliate income online.
Start Research Partnership Opportunities For Products You Want To Promote
Create a list of products and services that you want to promote related to your brand. For example, if you have health and fitness related websites, the products on your list would be health, fitness related.
Then, do a search to see if your favorite products and services already have an affiliate program.
You can also reach out to the companies directly to see if they offer some sort of partnership or sponsorship opportunity.
Sign Up For Affiliate Networks For Your Affiliate Business
Next step is to sign up for the Affiliate Programs. The easiest way to find new affiliates is through Affiliate Networks. Affiliate networks like Commission Junction and ShareASale are platforms where many different affiliate programs are managed under one site.
How Do You Know Which One Will Best Reflect Your Site And Your Audience?
Search your niche and you will see there are so many affiliate programmes available online.
Legally You Should Put The Right Disclaimers On Your Website
Legally all content creators should disclose partnership with brands. FTC regulates what is required for the disclosure, so make sure you’re following the rules.
In your content let people know that you’ll be getting a commission or benefit if they buy or sign up for a product or service that you are promoting.
You Need To Develop A Strategy For Your Affiliate Business
At first, you can add affiliate links into your blog posts where you already talk about a product or service.
You can also create launch plans to launch affiliates to your audience much like any other product.
Email Is A Great Way To Bring Awareness In Your List About Your Products
People on your email list already know you and you have built some trust. Your email audience will be more interested in what you have to offer.
You know that email marketing is one of the most effective strategies in the world of marketing.
People might tell you differently or bad things about email marketing such as
Nobody pays attention to promotional emails anymore
People unsubscribe to the newsletter right after getting free goodies and so on.
The important part of this story is the number of conversions that businesses get merely through email marketing.
People often buy the product after getting the promotional or introductory email from the brand. If you want to make money through email marketing then you need to follow the proper strategy.
Choose A Product To Promote And Sell
First of all, you must have a product to promote or sell of which you can make a promotional email and send it to your recipients’ list.
A Reminder Email About The Most Sold Product Work The Best
Keep a track of the product which is bought repeatedly by all the customers and then make sure to send reminders about its restocking, discount offers, and any other related thing through email. Keep in mind that every brand has one product which is sold better than the rest.
Sign Up Affiliate Programme And Sell Their Products
You can send out emails to your followers and readers of your blog and target them towards the brand you are affiliated with. You just need to target the right people through email and write impressive content for your email list. You can earn affiliate money in the form of commissions that are decided in the beginning by both the parties on each conversion through them.
You Can Upsell Premium Or Exclusive Products
People like to enjoy exclusivity and premium offers. Through your email marketing, if you introduce exclusive quality products to your email recipients only, you will be able to increase your revenue as well as the number of people wanting to subscribe to your newsletter. It is an excellent consumer strategy.
The subscribers of your newsletter will feel special and get the feeling of exclusivity. For earning great commissions you must introduce some sort of exclusive offers and products only for the people who are subscribed for the newsletter.
Email marketing is one of the best ways to convince the recipient to buy the product you are marketing.
In cross-selling, you are supposed to send the email about your product right after their purchase or search of a correlated product. If your reader is really satisfied with your previous purchase, he will definitely look into your email offer.
Keep A Track Of Cart Abandonment
For an e-commerce store, make sure that you have a solid effective plan for cart abandonment cases. Keep a track of consumers cart and then send the customers highly relevant and convincing emails to make them finish their purchase.
According to a study, people who get more than one follow up emails regarding their unfinished purchase tend to complete it as compared to those who get only one follow-up email.
Affiliate Marketing and email marketing can be a profitable addition in your business. Your business model could be anything. You can earn an extra income while pointing your audience in the direction of products and services that will help them. Affiliate marketing and email marketing is highly effective and best ways in terms of earning money online.
Thanks for reading.
Which one you think is the best way of making money online? Please let us know in the comment section below.