One of the best ways to generate a passive income is to engage in affiliate marketing. Why is that? Well, according to an annual report, affiliate marketing spending is projected to go beyond $6.8 billion by 2020. Even if you grab a tiny piece of that market share, you are still going to earn quite a considerable income.
Even though there is earning potential when delving into this type of marketing model, you have to be prepared to do the work as this is arguably one of the most competitive industries in the world today.
Today, I am going to share some actionable tips that you need to know in 2019.
1. Study the Market
For people who really want to earn money through affiliate marketing, it is imperative that they stop what they’re doing and study the market first. You want to look at the products that have the highest conversion potential- all while being one of your passions.
Next, you want to do some competitive analysis to help you find out more information about your potential competitors. Find out what made them effective in your niche and see what products they usually cover.
2. Stick with Your Chosen Industry
When you are first starting out, you will select your niche first and foremost. It is important that you stick with it for the long-term as you can get catastrophic results if you go and jump ship.
For instance, if your website delves into topics about the fashion industry and you happen to jump ship to health and fitness, then you will get mediocre results in the long term.
In addition, if you do change industries, your authority in either of the niche (both old and new) will be affected and people might not trust your website anymore for anything.
3. Content Quality is Important
Although this is considered to be common sense, content quality is always a must if you are an affiliate marketer. You want to provide information that can help convince your readers to make the purchase and you can only do that by writing some compelling content. In addition, you also want to be trustworthy as well, so only put real and valid information in your posts to help preserve your website’s trustworthiness and integrity.
4. Choose Good Products
I’ve mentioned at the beginning of this article that affiliate marketing is quite a competitive space, which is why you should choose your partner merchants very carefully.
If it is popular, do not necessarily contact the merchant and be affiliated with them simply because your competitors are probably doing the same as well.
Instead, you can focus on products that are not as popular as the well-known brands out there, but still has a considerable size consumer base and write articles about them instead.
5. Choose the Best Content Creation Tools
Good affiliate marketers know that they shouldn’t have to do the brunt of the work to reach the top. That being said, there are a lot of handy tools that marketers can use to help ease their lives.
If you have an idea that you want to preserve until later, then you can use Evernote to jot down whatever concepts that come into mind. Of course, post titles are everything so you want to use the Headline Analyzer to help you know if you have a good and strong title, to begin with. Lastly, you want to put quality images in your posts as well, which is why I highly recommend Canva.
6. Optimize Your Content for SEO
Marketers have their own websites and for that reason, it is imperative that you take advantage of search engine optimization. You not only make your website SEO-friendly, but you also want to optimize your content for SEO as well.
7. Create Video Content
According to Google, video content is actually one of the best contents that you can ever make that will surely gain more traction than just writing articles.
Having said that, even though it takes more time and effort to create videos (not to mention the amount of time it needs for you to edit everything), you will gain more traction if you do so.