This alone is the reason why many affiliates venture into it. You’re sharing your well-researched opinion with your growing audience; so, why shouldn’t you get paid to do it?
You probably have questions like “How do I get started?” and “What method would be most suitable for my blog?”. You’ve come to the right place. In this article, we will discuss 8 hacks you can use to monetize your blog with affiliate marketing.
Before we get started on the hacks, there are a few essential things that we need to note. We definitely need to pay attention to these points to avoid any negative impacts on your traffic or ultimately, your earnings.
Points to Consider Before Monetizing Your Blog with Affiliate Marketing1. Know the Strength in Your Traffic
There are some blog monetization methods that require a large amount of traffic before you can earn significantly. For instance, monetizing your blog with Google Adsense will be profitable if you can get thousands of clicks on display ads. Google Adsense pays between $0.05 - $0.5.
Affiliates can also make money through CPM (cost per mille) ads. This method requires traffic in 100,000+ to make a significant income through it. It only requires the ad to be seen by the audience.
To know the strength of your audience, you can use Google Analytics. This tool allows you to know your page views and the keywords drawing in traffic for your blog.
Some ads are better targeted at people from certain locations. With Quantcast, you can know more about the location your traffic comes from.
Knowing the strength in your traffic will help you determine which method will be most suitable for your blog.
2. Understand Your Niche
There is a place of knowing what the traffic from your niche will like to see. You cannot blog about health and nutrition and, in the same post, promote links to web optimization software.
Your display ads, affiliate links, subscription invitations, and other monetization methods must be in relation to the niche the blog is about.
3. Focus on Building a Brand
Making money requires trust. Your audience needs to know you are not out to rip them off. This is why you need to build a brand. Your focus should be on creating unique and helpful content. Your audience will be drawn by the quality of your posts to try out the products you recommend.
4. Avoid Too Many Ads and Affiliate Links
It can be tempting to want to make the most out of a post by adding several links. This will open your audience to many choices and can be distracting. Let the links flow naturally with the post.
You should also avoid too many display ads. Too many ads can make your pages clumsy and this can result in a sharp drop in traffic.
5. Optimize for Search Engines
No matter the amount you have to invest in traffic, search engines are still the biggest traffic sources. Optimize your posts for ranking keywords in your niche. This will drive free and large volumes of traffic to your pages.
You should optimize for featured snippets, long-tail keywords, video, and voice.
Having discussed the important points to note, let’s move to the 8 hacks to monetize a blog with affiliate marketing.
Monetizing Your Blog With Affiliate Marketing1. Affiliate Programs
This is one of the common ways of monetizing a blog. This is because it is very easy and affiliate programs have the potential to generate thousands of dollars in income.
There are a lot of affiliate programs. Amazon Associates is one of the most popular with affiliate marketers. Many affiliates write reviews and links to the product pages through their unique links for commissions upon sale.
There are also affiliate offers you can promote from Clickbank, ShareASale, and many others.
To do this successfully, you need to find good affiliate offers. Look for offers with considerable commission rates.
It is also very important to ensure that the products are authentic and highly beneficial. No matter the commission you make recommending the product, if it turns out to be crap, you may damage your reputation.
You can promote or recommend physical or tangible products like tech devices, clothes, refrigerators, TVs, etc. These are mostly through Amazon Associates.
You can also promote digital products like ebooks, online courses, web hosting, software subscriptions, and many others.
The good thing about digital products is that you can earn as high as a 50% commission on sales. And if you have abundant traffic, there are mostly no limits to the number of products you can sell.
2. Selling Digital Products
Apart from generating affiliate links to sell the digital products of others for a commission, you can create your own products.
You can create digital products such as ebooks, online courses, and paid subscriptions to exclusive content.
Though, You may need to establish a reputation in the niche you blog in. There is a lot to benefit if you can establish an ‘expert’ status.
You can write books around your niche and publish on Amazon Kindle. You can market these books on your sites with affiliate links to them.
Many bloggers in the fitness niche make the most of these income models. They create subscription lists for those looking for fitness coaches and earn thousands in monthly subscription payments.
In the nutrition niche, many bloggers create recipe books and start exclusive vlogs that can only be viewed by paid members.
3. Product Reviews
Product reviews are one of the top ways affiliate marketers make money. There are websites dedicated to product reviews in several niches.
Just as in affiliate programs, many of these reviews are done with links to product pages.
To be successful in doing reviews, you need to create unbiased and highly insightful reviews. Readers should be able to get enough information that will inform purchase decisions from the reviews you do.
Reviews should include the pros and cons of the product, and how it competes with others in its range. Many times, it can be hard to do the review of a product you haven’t used yourself. You can read widely and ask experts in that niche to review based on the features of the product.
Building a brand voice through product reviews can draw a lot of traffic. In the tech gadget niche, Laptop Mag and Notebook Check have trusted review websites. They generate tons of traffic through reviews.
4. Lead Generation
While many affiliate marketers focus on commissions from affiliate sales, CPCs, CPAs, and CPMs, lead generation also brings a lot in income.
Lead generation is about generating leads for a program or another website.
Many online courses are looking for people that fit a particular profile. One of the ways of getting these people is through the websites they visit. For instance, someone who reads an article about publishing short reads on Amazon Kindle would most likely be interested in an online course around the subject. With the use of display ads or simple forms, this person can easily become a lead.
Leads generally pay well and all you need to do is provide them. Leads often pay between $5 - $100.
You can make money by delivering quality leads in large quantities. This will make the companies focus more on your traffic source and offer you higher rates.
5. Email Ads and Sponsored Emails
“The money is in the list.”
This is very true. Email marketing has proven to be very profitable. Research reveals that for every $1 spent on email marketing, you make an average of $42 in return.
An email list gives you the opportunity to keep up with potential and current customers. You can always invite them to read your posts or try out a recommended product.
You can also monetize your email lists through email ads or sponsored emails. If you have a sizable audience within a niche, you can get paid for email posts to your audience.
This could be used for lead generation or for brand awareness.
6. CPC and CPM ads
CPC (cost per click) ads pay when someone clicks on them. They are very popular and easy to set up. Google Adsense takes just 5 minutes to set up on your website.
The cost per click may be between $0.05 - $0.5. If you can generate tons of traffic and clicks on these ads, you can make thousands of dollars.
CPM (cost per mille) ads pay when 1000 visitors to your website see them. This means you need to have a lot of traffic coming into your website before you should consider it.
CPM ads don’t pay as much CPC ads, but they promise a consistent income as long as you keep having traffic. Amazon Associates Program just created its own CPM ads. Amazon affiliates can use these ads for more revenue.
Creating membership opportunities for your blog can bring you a lot of money. Members pay to join and get access to exclusive content as a result. This way, you are not just creating content in the hope of getting commissions or clicks through ads, you are securing the bag.
Membership can be sold in monthly, quarterly, or yearly models. Members get to renew their subscription if they enjoy your content and see value in continuing their membership.
For instance, Fizzle is an online business training community that discusses various ways of making money online. Membership starts at $1 for the first month and $39 for subsequent months. Members can cancel at any time.
8. Sponsored Posts
This is also a point where being a brand and establishing a reputation matters. When you have established your reputation in a particular niche, it will be easy to get sponsored posts for your website.
Brands looking to extend their reach in certain niches work with popular bloggers and influencers in that niche. As a blogger with an established reputation, you have the audience they need. You can monetize this.
The price you can command for sponsored posts depends on your traffic rate and how established your brand is.
Sponsored posts also come in the light of companies paying bloggers to write about their products. Since these reviews appear on third-party websites, it increases the credibility of the review.
To sum up…
There are a lot of ways to monetize your blog as an affiliate marketer. The big cash does not come immediately when you start your blog. You need to invest in quality content and build a brand. Over time, you will be drawing enough traffic to make tons of money. Give a unique voice to your brand and constantly optimize your traffic sources.
Ensure that your audience gets a nice and engaging user experience. Don’t be too clumsy with ads and build an email list.