Thinking of monetizing your blog? You are at the right spot. Affiliate marketing is one of the best mediums to monetize your blog. Considering its many benefits, it is no surprise that a majority of bloggers have accepted this trend.
Whether you want to cash in your love for writing or just want to supplement your existing income, here’s everything you need to know about blog monetization through affiliate marketing:
What is affiliate marketing about
Affiliate marketing is a marketing method through which you (the affiliate) can earn a commission for recommending products or services to your contacts. Your contacts could be anyone; from friends and family, to blog readers.
So, how do you start an affiliate marketing program as a blogger? Firstly, you need to find a product or service you want to promote. Next step, register for the affiliate program. At this stage, you will get a special link. This links lets the company to measure the number of online users who clicked your link. Once they buy the product, you get a commission.
Although affiliate marketing has many tracking methods, the most popular one is through a cookie. As an online user clicks the link on your blog, a cookie is stored on their computer. This cookie lets the advertiser know that a sale has been made through your blog.
How to find a product to promote
Although you can choose any product to promote on your blog, it is better to pick something that is relevant to your audience. A product or service that can resonate with your target readers.
If you have a blog about healthy living, you can promote health products. Before you select a product or service for promotion, ask yourself if your readers will benefit from using it.
Why affiliate marketing is better other types of blog monetization
A lot of bloggers rely on banner ads to monetize their site. This can make your site look quite unappealing visually. Not to mention, it is impossible to earn an income unless you attract a substantial amount of traffic.
Affiliate marketing gives the chance to reach out to and attract more readers. The industry itself has grown phenomenally since its inception. As a matter of fact, the industry is estimated to grow to $6.8 billion over the next five years. With such an encouraging outlook, there is no denying that affiliate marketing is here to stay.
It is the easiest way to monetize your blog. You can add product reviews, and tutorials to promote the company product. That being said, focus on the content quality to get the desired results.
Want to learn more about affiliate marketing? Click here to get access to affiliate market tips for beginners.