Earning money from affiliate programs is a process that requires patience, effort, and strategic thinking. By following the tips below and constantly improving your marketing skills, you can maximize your income from affiliate programs and create a stable source of income.
What is an affiliate program
Affiliate program – or affiliate program – is a platform for cooperation between partners (webmasters) and suppliers of goods or services.
Affiliate programs pay per impression, click, sale, or targeted action after a click.
If we consider the topic of online earnings in general, the ideas of online business go far beyond affiliate programs. Thus, in 2024, the following types of earnings are popular:
- Paid clicks;
- Writing comments for money;
- Copywriting;
- Creation and management of groups in social networks;
- Creation and content of your own blog (website);
- Traffic arbitrage.
What will I get rewarded for
In the case of highly specialized methods, for example, earning money on clicks or earning money on viewing ads, the process of receiving rewards is immediately clear. When working with affiliate networks, the question arises: how will I earn money?
Affiliate programs pay for the following actions:
- Displaying an ad;
- Go to the link to the seller’s website (click);
- Completion of a certain action on the site;
- Purchase of goods.
The purchase of a product is not always the only paid action – some affiliates pay for other actions, for example, for a left phone number.
When choosing an affiliate program, it is important to focus on the traffic you have. There is no point in offering the most profitable and expensive product if your audience does not need it.
Within each niche, you can find products that will sell better with you than others.
Looking at the “Perform a specific action on the site” position, we can point to a legal affiliate program as an example that rewards for providing contact information.
Types of advertising products from affiliate programs
There are several main types of advertising used to promote products and services of affiliate programs:
- Teasers;
- Banners;
- Search Forms;
- Partner links;
- Widgets.
If you were looking for an answer to the question of how to advertise an affiliate program, then you have it: all of the above tools are suitable for advertising most affiliate programs. And while we have already dealt with teasers and banners, the other three tools raise questions.
Search forms are often used in travel affiliate programs. But they are also available in other niches, for example, in software, medicine, etc. Thanks to such a form placed on the site, the user enters the primary data on the webmaster’s side and gets the result on the advertiser’s side.
Affiliate links are one of the most effective types of advertising. You place an affiliate link to a product, a person clicks through, buys a product or service, and you get a reward.
A widget is an interactive element that can be embedded on a website. For example, a hotel widget shows the user the advantages of the specified hotel, a widget for favorable airfare provides the visitor with information about prices, etc.
To choose the most effective tool and decide on the type of advertising, test all available options.
How to choose the best affiliate program?
Before you start earning money on an affiliate program, decide which affiliate program to choose. To do this, consider all the options and compare them according to the following criteria:
- Reviews on the Internet;
- Payout amount;
- The order and reputation of the affiliate program;
- Greatness and loyalty of the support service;
- The design of the pages that the specified user enters;
- The availability of products, tools, and information you need.
Also analyze your opportunities, especially those related to traffic. Make a list of affiliate programs that fit your capabilities and only then compare them with your desires.
You will need to analyze each affiliate program separately, study online reviews, available advertising materials, and contact the support service if necessary.
When choosing goods or services, answer the question: what kind of audience do you have and what is it interested in?
If you are satisfied with everything at the first stage and have the necessary audience, create 3-4 test advertising campaigns to evaluate how the affiliate program works in practice. If you advertise products on your own website, conduct an experiment for a long time – from three months or more.
We do not recommend going full steam ahead without studying the affiliate program. You risk wasting your budget. But remember that at first you will spend a lot of time gaining experience, and only after gaining it will you reach the working speed. Therefore, do not evaluate the results by the first indicators achieved.