If you’re looking to make more money without trading a large amount of time to be able to make that money, then affiliate marketing could certainly be the right place to put your efforts. Affiliate marketing helps boost the sales of the business that you’re affiliated with, by you recommending their products to customers (or an online following) that already have trust in you.
Affiliate marketing is a form of passive income as it allows you to keep earning money after you’ve already put the work in. A common example of this would be eBook sales or online course sales, but increasingly there are becoming even more ‘passive’ passive forms of income. One such form is definitely affiliate sales, as it is very easy to get set up to an affiliate program and then reap the benefits, with little work involved.
Find the right Affiliate Program and brand for you
Identifying the right brand for you really depends on your current business – try to find an affiliate program that would chime well with your audience and one that makes sense. For example, if you run an afterschool club for toddlers, promoting sophisticated accountancy software may not be the best match for your clientele.
Get set up with an affiliate link or code
Once you’ve signed up to the right affiliate program, you’ll either be given an affiliate link or a code (unique to you) to share with your customers/followers that will allow the sales that you make to be linked to you.
Sometimes the brand itself will offer a discount on your code, which therefore gives your customers a double incentive to purchase through the affiliate program as they are receiving a discount whilst also being advised to buy by someone who they trust – you.
Who is affiliate marketing for?
Affiliate marketing works best if you have some kind of customer base or audience that is sizeable enough that earnings won’t be negligible (we’ll leave it up to you to quantify that yourself!). Once you’re set up as an affiliate, you are able to start earning right away.
From Amazon to Google to software companies, there is a huge range of companies to pick from when it comes to deciding on the right company to become an affiliate through.
Please check out our other blogs and the rest of this website to check out the best affiliate programs that are out there.
