Create your affiliate marketing business

 

Affiliate marketing profits

One of the best things about affiliate marketing is that you do not need to worry about manufacturing or sourcing of the products. You don’t have to worry about delivery or customer service or other regular operations of an e-commerce site.

Also, running an affiliate site means that you are able to choose the products and make money on commissions. So if you are good at product selection, marketing and few other things, then you should start your affiliate business now.

However, if you are not great but still are keen to make a lot of money with affiliate marketing, then you should continue to read this article. You don’t need any technical expertise for this. All you need is some knowledge of how the internet and basics of ecommerce. Rest will be covered here.

So here are the steps –

  • Select the right products

In order to ensure that there are enough sales on your site, you will need to first select a few offers and products. This selection needs to be based on the current market demand of the products. It needs to be based on the product pricing and it also needs to be based on discount that is being offered. You should also check the overall rating and review of the product. You will have to do your initial bit of research first to be confident that the product is good and there are people who are interested in purchasing it. You will also need to read the detailed T&Cs and the features associated with the product. Be sure to select your products based on these, as the buyer will definitely read and research before he buys.

  • Find what people are searching for

Once you have selected the products, you need to find the right set of search terms that are associated with those keywords. You should use the Google keyword planner tool to select the right mix of words. You will need to select keywords that have a large search volume. Typically select keywords that have atleast 10,000 search volume. You should also not go for keywords that have extremely large search volume (greater than 40,000). Also, make sure that the overall competition is less than 0.7. Anything upwards of that is harder to target.

  • Evaluate the competition

Once you have figured our the keywords and the phrases, then you need to understand who is taking away all the traffic. You will need to study the competition. When I say study, it means a lot of things, for example study the product, study the USP, features, pricing, delivery time, refund policy etc. You will need to study the SEO implementation of the top 3-5 websites and see what you can learn and implement. You will need to understand the key benefits that your product has and vice versa. Also, you will need to understand if your product’s target audience is exactly the same or different from the top few websites. It is important to learn as much as from the competition as only then you will be able to position yourself as different or overtake them in search rankings or both.

  • Choose the technology

Decide whether you want a blog, or you want to have landing pages or you want to be an aggregator of a comparison site. All these are types of affiliate marketing sites and you need to ensure that you are clear on what is your strength. Is it content, is it technology, is it UI or something else. Once you have taken a call as to what type of affiliate you want to be, then you just need to decide what type of technology platform you need to choose. If it is a blog, then you decide on the blog that is most suited to your needs, if you want to create landing pages, then you need to decide which platform to use to create those landing pages and so on. Choosing the right technology is important as you don’t want to change your platform every few months.

  • Choose your marketing channels

This is where you start getting the traffic. You need to get enough traffic at a cost that will give you profits. Here is an example.

Profit made per sale (commission) – 2$

Cost to get traffic to your site – 2.1$ per 100 visits

Conversion rate on your site – 2.0%

This means that you are spending 1.05$ for every sale and thus you make 0.95$ per sale.

This is profitable and thus you can start this business and keep on reducing your cost. One way to reduce costs is to get more of SEO traffic or referral traffic. Another way is to optimize your paid campaigns. You will need to figure out what you are strong at and focus on that marketing aspect more than the others.

With these basics well in place, you will be able to run a successful affiliate marketing campaign on your own. All the best!

 

 

Akash
Loves digital marketing. Has been working in this field for over 7 years now and is known in our office as THE go to guy for digital marketing

18 thoughts on “Create your affiliate marketing business

  • April 16, 2016 at 11:35 am
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    That’s an nice and informative article about Affiliate Marketing presented in a neat and simple way.

    Reply
    • April 18, 2016 at 10:18 am
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      Thanks for the kind words Rohan. Do subscribe to our mailer for more details about digital marketing and ecommerce.

      Reply
  • April 16, 2016 at 3:06 pm
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    Is there any specific way to choose the marketing channels for running the campaigns?

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    • April 18, 2016 at 10:04 am
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      Yes Anjana. What are the products you want to deal with. We can help you with more details.

      Reply
  • April 16, 2016 at 4:39 pm
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    Great one!!…Interesting and easy guide for an initial start. The article has covered all the basic and important points.

    Reply
    • April 18, 2016 at 10:18 am
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      Thanks for the kind words Rohit. Do subscribe to our mailer for more details about digital marketing and ecommerce.

      Reply
  • April 17, 2016 at 8:57 am
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    How is it possible to find out the search volume of the keywords?? Is it easy to find out from the Keyword planner?

    Reply
    • April 18, 2016 at 10:09 am
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      Yes Ramya. Keyword planner is a great tool to get all such details. You can filter by location also.

      Reply
  • April 17, 2016 at 3:31 pm
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    This article is very well written and gives a good amount of insight on creating your affiliate marketing business. Kudos to the author!

    Reply
    • April 18, 2016 at 10:19 am
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      Thanks for the kind words Harish. Do subscribe to our mailer for more details about digital marketing and ecommerce.

      Reply
  • April 18, 2016 at 10:25 am
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    I just read this article and I must say, the way it is broken down into 5 points explaining each point so well gave me a proper view on how affiliate marketing should be executed.

    Reply
    • April 18, 2016 at 10:46 am
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      Thanks for the kind words Animesh. Do subscribe to our mailer for more details about digital marketing and ecommerce.

      Reply
  • April 18, 2016 at 12:02 pm
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    Oh, I didn’t get the basics right. Now, that I got an insight, I will be able to successfully run my affiliate marketing campaign.

    Reply
    • April 18, 2016 at 12:51 pm
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      Thanks for the kind words Pankaj. In case you are seeking more information on digital marketing and / or ecommerce, please stay tuned.

      Reply
  • April 18, 2016 at 12:21 pm
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    I have the right products and the right technology platform; can I start my affiliate marketing business?

    Reply
    • April 18, 2016 at 12:49 pm
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      You need to also have the right marketing mix. That is how you can get traffic on your site.

      Reply
  • April 18, 2016 at 12:36 pm
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    While selecting the right technology, how would I know if content, UI or anything else will work better to get traffic?

    Reply
    • April 18, 2016 at 12:44 pm
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      Hi,

      The best way to know what works better for you is through Google analytics. Change a page and then measure the traffic and bounce rate and time spent on the page for a week or more. Compare this with data for the period before the changes were made on the page. You will immediately know what worked best for you.

      Reply

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