UPDATED MAY 2017: I just read an article in Forbes about affiliate marketing that was written back in 2014. With all the changes and updates that Google has made recently, I had to question as well. Does affiliate marketing really work in today’s online marketing environment? This cuts close to home for me because that’s one of the ways I make my living. There are many affiliate programs out there, you will be spoiled for choice. But the real test of whether affiliate marketing really works is in how much time you spend on your business because when you get into affiliate marketing, you don’t make money right away. You have to build up your business first. People have to get to know you, to trust you and the content you are giving them before you earn any commissions.
Does Affiliate Marketing Really Work In Today’s Environment?
Affiliate marketing is where you, as the affiliate marketer, make money by earning a commission from promoting products. The beauty of affiliate marketing is that you don’t have to store inventory, create invoices, collect payments, or mail products. As an affiliate, you are promoting products on behalf of the company with the affiliate program. So to answer your question: YES. It does work!
What is an Affiliate Program and How Does It Work?
An affiliate program is a program created by a merchant or seller that allows you, the affiliate marketer, to make a commission from any sale you generate when you promote their product. Wow! Long winded, huh? Ok. Let’s use Amazon as an example. Amazon is an well known, online store that sells THOUSANDS of products. As an affiliate marketer, you can sign up for their affiliate marketing program and promote Amazon products on your website. For every sale you make, you will receive a commission.
How Much Money Do Affiliate Marketers Make?
This will all depend on how long the affiliate marketer has been in business, the niche he has chosen, the price of products, how the products are promoted, and how often the marketer works on his business. Most affiliate marketers work on their business everyday. They are constantly researching products in order to provide good quality information for their visitors.
Many affiliate marketers make a very good living from promoting Amazon products as well as other products through other affiliate programs. It will depend on the commission rate as well as the price of the product and how many units of that product is purchased through you. So if you are promoting exercise equipment on a fitness website, you will generate more commissions from sales of higher priced exercise equipment than you would if you were promoting cookbooks on a recipe site.
Make Money Online for Newbies
If you are a beginner and interested in making money online, you want to make sure that the affiliate program you choose has a decent track record. You should make sure that there are people talking about the program and how they are doing. Are they making money? How are they making money online? What is the commission rate of the product? How do you find out? RESEARCH!
Let’s say you are interested in teddy bears and want to promote them on a website. Aside from the Amazon Affiliate Program, you could also do a search on teddy bears + affiliate program. You will get a list of links for affiliate programs that include teddy bears. Next, you want to select a link and check out the company, the affiliate program, the commission rate, payment plan and any other pertinent information. Make sure you read through all the information on becoming an affiliate for the company. That way there are no surprises and you are not denied because of something you did/didn’t know about.
Before you sign up as an affiliate, do another search on the company. Check out their track record regarding paying their affiliates, any problems with the products or problems with the company.
If you do decide to join the company as an affiliate, you may need to be pre-approved. It may not be an automatic thing. You may need to wait a few days or so before the company approves you. If you do not hear back from them within the allocated time frame, send them an email to remind them you request is still pending. If for some reason you are denied, move on to another company. Don’t waste time trying to figure out why or trying to find out why. Just move on. There are plenty of companies out there looking for affiliates!
So……does Affiliate Marketing Really Work?
Yes. I have proved it to myself. I’ve also seen success stories of many people who are making a living through affiliate marketing. I know that the more I work on my business the better off I am. It’s just that simple. I guess what I love about it is the portability and the fact that I’m learning skills that can be used in other areas.
Success Story Case Study – Football Snack Helmets
A premium membership at WA allows you to participate in weekly webinars that are always educational and provide great insight into furthering your training as an affiliate marketer. There is at least one case study each year on creating a site from setup to profit. One such case study involved a newly created site called Football Snack Helmets that was started in September of 2015 and has been paying off ever since. It was a 4-week case study that too