9 min read
Everyone loves the idea of making money while they sleep, but few people know how to actually do it.
They hear about successful entrepreneurs who have mastered the art of passive income, but trying to duplicate their efforts can feel tough when you aren’t sure what goes into it.
Where do you begin?
Many influencers and content creators start with affiliate marketing. Since affiliate marketing allows you to generate revenue from selling other people’s products, it is one of the fastest and easiest ways to make an income online.
Fast and easy? Can it be true.
Yes it is…if you do it correctly.
If want to learn how to start affiliate marketing, don’t worry. We’ve got you covered.
When a purchase is made through your affiliate link, you will make a percentage of that sale simply for promoting the product. It’s one of the best forms of passive income for bloggers and entrepreneurs who want to monetize their content.
Think about the last blog post you wrote or video you recorded. Maybe you mentioned a product or tool you love inside the content you created. With affiliate marketing, you can make money when you promote products you already use and love.
Affiliate marketing sounds great, but can it actually become a sustainable source of revenue for your business or blog?
With some of our ConvertKit users earning substantial incomes from affiliate marketing—like Pat Flynn, Barron Cuadro, and Brooke Schoenman—we can confidently say that it is a proven and lucrative stream of income!
With intentionality and focus, you can create highly actionable and valuable content that will scale with you as you grow.
Once you put the effort into creating evergreen content upfront, you can monetize it for years on autopilot with affiliate marketing. Not only that, but you can also fit affiliate marketing into the business model you currently have.
You can add affiliate marketing to your business model and diversify your income, which is something we always recommend when building a sustainable income.
Adding a new income stream to your business may seem like a headache, but affiliate marketing is one of the more simple income streams to set up and automate.
It doesn’t take a huge upfront investment of time or money to get started, and you can monetize the audience you currently have. To make it even simpler, we’ve created a six-step guide on how to start affiliate marketing like a pro.
Before you jump into affiliate marketing with both feet, it’s good to understand the three roles involved in affiliate marketing. The first role is the company who manufactures and ships the product.
By becoming an affiliate partner (role #2), you essentially promote their product but when a sale is made, they have to handle the order fulfillment and shipping. This is great news for bloggers and entrepreneurs who are more interested in creating content than handling the back-end tasks of running an dead-simple shop.
The last role is the consumer, meaning the person who clicks on your affiliate link and makes a purchase.
Without them, you may be spending precious time creating affiliate content that doesn’t give you any return. You and the company both need the consumer for your partnership to be successful.
Now that you know how affiliate marketing works, you can brainstorm ways to become a better affiliate partner for the companies you promote. One way to do this is by choosing your niche early on in the process.
Narrowing down your niche gives you an advantage over competitors that create broader content. While you may think that having a niche means you won’t connect with as many people, it’s actually quite the opposite.
Having a niche means you are focusing on one segment of a larger audience and coming from a different perspective or angle than other content creators.
For example, there are thousands of people who are trying to help young kids learn through their blogs and websites. To stand out, Vanessa of Pre-K Pages decided to use her teaching experience to create activity pages specifically for pre-K aged kids and markets her membership community primarily to other teachers.
Her niche, while specific, has been incredibly successful!
The more specific, the better! It will help you become the go-to resource for whatever it is you want to write about.
Here are a few questions to ask yourself if you are struggling to decide on a niche:
You can write your answer down in a journal or on your Notepad app. Remind yourself of your answers over the next few days and see what comes from your reflections. Spend some time exploring what niche you want to pursue and keep an eye on what niche your competitors are in.
Once you have your niche, you can move into the phase of choosing the affiliate products you want to market to your audience. Since you’ve spent a lot of time building trust with your audience, you don’t want to lose it by promoting a brand that doesn’t fit into your values.
It’s best to choose products that you have used and would recommend to a friend. You want to choose not only products but also companies you can stand behind. If you partner with companies who have a poor reputation, you run the risk of having that rub off on you.
Try to do your research before you promote any affiliate product, even those that you use and have experience with. When you create your own product review, be honest about the benefits and pitfalls of the affiliate product. You’ll win points with your audience if you are upfront about your full experience.
It’s also a good idea to choose affiliate products that fit within your niche.
If you run an outdoor lifestyle blog but start creating affiliate content about your favorite journals, it might create a disconnect with your audience. If you do choose affiliate products that are a little outside of your industry, make sure you tie it into your overall theme in a creative way.
There are two main ways you can sign up to be a part of existing affiliate programs.
One is to directly search for companies you love and look for their affiliate program page when visiting their website. If there is a tool you use inside your business or a product you just can’t stop talking about, going directly to the source is a great idea.
The other is to look at multi-brand affiliate programs that allow you to take advantage of several affiliate programs through their service. You will commonly see lifestyle, fashion, and beauty influencers using these affiliate programs because it makes affiliate marketing multiple items really easy.
Keep in mind that each brand will offer a different commission inside the program.
When you are looking at what affiliate programs you should partner with, here are a few questions to ask yourself before creating an account:
Many affiliate marketers start by posting their affiliate links on social media, but there’s only so much you can do on social media without coming off as spammy. Your content is also shortened on social media because on many platforms, you only have so many characters before your content becomes overwhelming.
Building a separate blog or website for your personal brand allows you to create a home base for your affiliate marketing content. Then you can use your social media accounts to drive traffic to your website.
You have more control over the look and feel of your blog and website than you do with social media. Also, if your primary social media platform disappears tomorrow (like Vine in 2016), you will still have a central hub for your audience to interact with. This is essential if you want to create a sustainable income with affiliate marketing.
As you build your website, you will also want to start creating high-value content. You don’t have to put affiliate links into every article you write or every video you record.
In fact, it’s good to pair affiliate-driven content with content that is only meant to be educational. You can also include personal storytelling, tips, and tutorials inside your affiliate content to make it unique and feel less like a traditional sales pitch.
Now that you know how to start affiliate marketing, you can take everything you’ve learned and put it into action! As you prepare to sign up for affiliate programs and create affiliate product reviews, we have some best practices for you to keep in mind.
The more you know about affiliate marketing before you get started, the easier it will be to start generating income from the first affiliate posts and videos you create. Start by learning about the ins and outs of affiliate marketing in this issue: