Affiliate marketing may seem like an easy way to make money, but you need to do your research before you jump in and try it out. There are plenty of potential pitfalls that you can run into if you don’t know what you’re doing, so read this guide on the secrets to making money while you sleep with affiliate marketing in order to fully understand how this method works, what steps you need to take to be successful at it, and how to avoid the mistakes others have made in the past.
Leverage the power of influencers
There’s no better way to expand your reach and engage new users than by working with influencers. Influencers are well-respected professionals or individuals within your niche who can help you spread the word about your product. According to statistics, people are much more likely to believe recommendations from their peers than they are brand advertisements.
Decide what kind of affiliate you want to be
There are several different types of affiliate programs, each of which comes with its own set of pros and cons. Here’s a breakdown on what they are
Choose between product or service affiliate marketing
Product affiliate marketing is basically a referral program, where affiliates refer visitors and customers to a company in exchange for a commission. The difference between product or service affiliate marketing is that, with product affiliate marketing, you will actually be selling products (usually digital), such as ebooks, courses or lead magnets. On the other hand, with service affiliate marketing you will simply be referring people to specific services.
Set your expectations before you start
Sure, affiliate marketing is a great way to make money, but only if you’re willing to put in your fair share of time and effort. Before signing up for any affiliate programs, be sure that you can devote at least several hours each week on working towards your goals with them. Once you join a program and do an initial check-in, set goals for yourself; writing them down will hold you accountable.
Do Your Research – Understand Your Niche
Whether you’re just getting started with affiliate marketing or you’ve been working with affiliate offers for some time, you need to make sure that what you’re promoting is something that interests and resonates with your audience. It may be tempting at first glance to pick up a popular affiliate product because it’s trendy or it looks like it can make a lot of money, but if it doesn’t fit your audience or services then it will not work out in the long run.
Create an Amazing Landing Page
Your website is your storefront for affiliate marketing. There’s no point in making sales if people can’t find you! The key to great affiliate marketing is having a high-converting landing page that tells customers what you do, why they should care, and how you’ll solve their problem. In addition, make sure your website is compatible with mobile devices and has smooth functionality across browsers so users have a pleasant experience on your site.
Know Where and When to Promote
It’s hard to make money while you sleep if you don’t know where and when to promote your affiliate offers. Follow these secrets, and soon you’ll be on your way to financial freedom.
Give Something Away For Free
Like any marketer, you know that if you want people to check out your affiliate marketing content, it needs to provide value. That said, there’s no better way to hook your readers than by offering a free gift in exchange for their email address.
Use Social Media to Spread the Word
If you have a well-trafficked Facebook page, Instagram account or Twitter feed, it’s easier than ever to create a buzz about your new service. Through social media and simple word of mouth, you can build an audience that’s excited about what you’re offering—and make sure they know when you’re ready for business.
Run A Giveaway To Get Noticed
GIVEAWAYS! They get your name out there, they’re super fun, and they get you tons of leads. If you don’t have a lead magnet yet, use a giveaway for now and build up your email list. This is a great place to start.