- Chris R.
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- Published: May 28, 2018
- Modified: November 11, 2020
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“MoolahNinjas main goal is to help our readers improve their financial lives. We partner with other companies that share that same vision. Some of these links in this post may be from our partners. This is how we make money.”
Passive earnings method at MoolahNinjas.com
Affiliate marketing has become a very popular way for businesses to acquire customers, and arguably an even more popular way for “ordinary people” to make money online.
There are examples of people in their teens earning more than $5000 a month in their spare time and other “adults” who have earned hundreds of thousands of dollars this way.
Due to increasing use of the Internet among the general population, more and more companies have started utilizing affiliate marketing. The idea is simple: Every time you provide the company with a visitor to their website, a sale, or some form of registration for their services, you are rewarded with a certain amount of money.
What makes it all so easy is the fact that no direct contact with the companies is necessary, as so-called “affiliate networks” have hundreds of programs from which you can choose. The concept, then, is relatively simple, and even the worst computer user can make money on affiliate marketing. Keep reading and learn how to make money online.
What is affiliate marketing?
In order for you to make money, you need to understand which players are part of getting you what you want: money!
- You - in this case you are called the affiliate
- The Company - in this case you are called the affiliate
- Affiliate network (not always present) - Gets you jobs, keeps track of your sales and leads
- The consumer - The person who clicks on your ad, buys the product, or signs up for the service you are marketing
Example:
A company has a new phone model they want to sell. They therefore contact an Affiliate Network to find people that can market the product for them. The Affiliate Network then places an ad on the forum saying that you can earn 1$ dollar for every visitor you provide on their site, and $35 each time you generate a sale on their phone.
You get the ad, place it on your blog, website, or any social media page. A consumer then visits your blog – sees the ad – clicks on it ($1) – buys a phone ($35), and you generate $36 from that one consumer alone.
Types of Affiliate Programs
About 80% of affiliate marketing is based on this, and the idea is for the business to pay the user an agreed amount or a certain percentage of sales generated by the affiliate.
Here you are usually paid to provide the company a certain amount of information about a potential buyer. The affiliate earns a slightly smaller amount than for PPS, but can generate “customers” more easily.
Make money online with affiliate marketing
With a minimum of basic knowledge, you can now start as an affiliate. The key here is to be motivated and focused.
Affiliate marketing can provide a whole lot of money, so being focused pays.
Find an affiliate network
As already mentioned, it is possible to contact a company directly and request an affiliate program. We do not recommend this, until you are an experienced affiliate. The smartest solution is to find an affiliate network. An affiliate network is an online marketing agency that allows companies to market their website/store through affiliate partners (you). The network has amassed an extensive collection of ads from various companies, which you, as an affiliate partner, can utilize.
We recommend that you enroll in between one and five affiliate networks, so you have a wide range of ads, from which to choose. Membership is free and joining is very easy.
We can highly recommend VigLink to do so. This is an outbound-traffic monetization service for publishers, forums and bloggers like yourself. They are specialized in in-text advertising and marketing, and if you want to get started monetizing your website you can find out more about them on their site, right here.
Another affiliate network you can check out AdPump, a global performance marketing network in UK,GR,US,FR,ES, IT & Asia focused on enhancing business effectiveness for both advertisers and publishers.
Check the ads and find the right one
After registering as a user with one of the affiliate networks, you will see a number of options for ads. There are three determining factors when choosing which ad(s) to choose.
1. Do you already have a blog or a homepage?
If you already have a website with good traffic and a high number of daily visitors, the optimal choice would be an ad that is relevant for your own page. Affiliate marketing is the perfect way to make money with a blog. Making use of relevant ads in turn creates confidence with your visitors, which will always generate more clicks. Let’s say you have a blog about phones – in that case, an affiliate ad selling covers or subscription plans would be great.
2. Interest
If you don’t have a blog or a website, don’t despair. These days it has become very easy to create websites using free software like WordPress, Drupal and others, and it doesn’t cost much to get your own webpage up and running.
As a starting point, ads for something that interests you will often be a good initial choice. If, for example, you create a blog or build a website, it will always be easiest and most fun if it’s about something interesting to you. This will result in a better page, and, as a result, more visitors. Ultimately, this means that making money will be easier for you.
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3. Earning Opportunities
Another important factor to keep in mind always is earning potential. Choosing an ad that you can relate to through your blog, website, or just personal interest is useless if there is no earning potential. Therefore, you need to analyze the ad briefly to see if it has the potential to make you money.
Preparation
As soon as you have selected the product or advertisement, your task, as an affiliate, is to create a website, blog or other, in order to market the product. Here is a brief description of the various media:
Website
Websites are arguably one of the most well-known ways to market affiliate products, and for good reason too. A website has a wealth of possibilities, and the things you can do on a website are really only limited by your own inclinations and abilities.
One thing that often holds people back is the belief that creating a good webpage takes something near a professorial degree in web design. This is NOT true! These days you can learn very quickly how to make a great looking website, through tutorials in the form of videos and articles.
The tool MoolahNinjas.com recommends you use is (wait for it…) the content management system WordPress. This completely free piece of software makes creating websites extremely simple. The program is used by several thousands of people worldwide and is considered one of the best and easiest programs for creating websites. You can get started making your own blog by clicking on the image below, or if you’ve already done so, check out the WordPress themes Elementor and ElegantThemes to take your website to the next level!
In order to utilize WordPress you must have a domain, where you will actually store your entire website, from your name www.example.com to the writing on your page. One place you can create a so-called domain, and set up your own website, is with NameCheap.
Blogging
Even if an affiliate does not already have a blog, creating one is very easy. Blogs provide a great opportunity to write a lot of good material around the product category of your chosen ad, and they often attract many readers. You can create blogs relatively inexpensively, and the only thing you really need to pay for is a so-called domain, i.e. a website with a web hosting account.
Sales Videos
You would usually have this type of affiliate activity on websites like YouTube or Vimeo. You can create reviews of the actual product, show how it works, talk about your own experiences, etc. You can check out IncomeNinjas’ guide to making money on YouTube for more.
By using Facebook, you have the option of creating pages free of charge, which can help you promote your product. One way is to create a page containing reviews or the use of various things, and then from time to time refer to ads and affiliate programs that can provide income. Facebook sites provide good advertising for websites, so if you already have a website or blog, we recommend using Facebook to help brand your site.
If you want to know more about making money on Facebook, you can check out our post about Facebook sites.
If you have an Instagram account with lots of followers, you can start promoting other people’s products or offers and lead your followers into buying them! Affiliate marketing is also a great way to make money with Instagram.
Reviews
You can also use reviews of various products for affiliate marketing. With this method, the idea is simply to test a number of products within the ad category you are marketing. You can do this on a page designed specifically for that purpose, or on other people’s forums or blogs.
This type of affiliate marketing, most commonly reaches the kind of consumers who are already looking for the product you are advertising or who want to hear about other people’s experiences with it.
Tracking - Streamlining of the page
Once the page is up and running, the important thing is to make it as efficient as possible. This means that you must make sure that the largest possible number of people come to your site, click on the ads, and buy or “subscribe to” the products you are promoting. This is called tracking, and it can be done through several different programs.
These programs, which are also built into some affiliate networks, examine how many people are accessing your site, how long they stay there, what they spend their time doing, how many people click on your ads, etc. These systems then help you discover how the page should be designed and what content should be on it, by showing you what works best. We strongly recommend that you take advantage of these programs, as they are crucial to the success of your page.
We at MoolahNinjas.com hope that you have enjoyed reading this, and especially learning how to make money online with affiliate marketing.
