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6 Tips On Affiliate Marketing and How To Make Money From It

6 Tips On Affiliate Marketing and How To Make Money From It

Affiliate marketing is a great activity that you can do to make some extra money. However, it is crucial to remember that affiliate marketing does not make you rich in just a few days.

It requires effort and time, however, once you establish a good affiliate network, then money will come quickly. Mentioned below are six tips that you should know about affiliate marketing so that you can make a good amount of money!

1. Be specific with your products

Perhaps the most common mistake made by affiliate marketers is that they register themselves with numerous affiliate programs and that they promote each and everything. Marketing this way becomes overwhelming, and as a result, the marketer is unable to promote the products in the right manner.

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To be successful, you should just concern yourself with few reliable products. Have an understanding of the market needs and go for products that are related to the theme of your website.

2. Promote products using various traffic sources

A majority of the affiliate marketers only post advertisements on their websites. Of course, this approach is not wrong, however, by using numerous other sources which are easy to tap into, you can promote the products more efficiently. The greater the amount of targeted traffic that you send towards the sales page, the higher chance you will have of earning money.

For example, one tool that you can make use of to direct targeted traffic to the official sales page is Google AdWords. All you have to do is to post an ad using the AdWords account and then make use of the affiliate link in the URL of the target page of your ad.

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3. Keep track of all the campaigns you launch

The best approach for affiliate marketing is to make use of various promotion strategies. This way, you can know the tactics that work and the ones that don’t.

Try to perform a split testing of each campaign you launch and measure how each campaign performs and then make the next move accordingly. By changing just a few things slightly, your profit can skyrocket.

However, all of this is only possible if you track the campaigns.

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Make sure that you place the banner of your advertisements on different positions on the pages of your site. The ads are more noticeable in some areas more than the others.

Generally, affiliate programs only provide you with the basic stats; however, you can always use other conversion tracking software as well to keep track of your affiliate campaign.

4. Know the demand of products you decide to promote

Selling a product that does not have a lot of demand for the product is a hard task, and there is a high probability that you won’t be able to make a significant amount of money regardless of how much effort you put in.

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Instead, you should put in a little effort and research a bit about the product that you have decided to promote. One activity that you can try out is to conduct a survey online if you get decent traffic on your website.

5. Stay updated with new techniques

Because the field of affiliate marketing is a competitive one, people always try to come up with new ways of marketing. You should try to stay updated with all the new market trends; otherwise, you will be left behind.

6. Choose the right company

While promoting a certain product, you also promote the company or the person behind the product, so it is crucial that you select the product wisely. Make sure that you go for manufacturers that provide excellent customer service since they have better customer satisfaction.

Choosing manufacturers that are unhelpful can lower your credibility and can reduce the amount of traffic that comes to your site so make sure that you make a choice smartly.

Featured photo credit: www.digitalmarketingknowledge.com via digitalmarketingknowledge.com

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Adnan Manzoor

Data Analyst & Life Coach

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Last Updated on June 25, 2019

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

1. The 48 Laws of Power

48-laws-of-power

    “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

    On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

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    An example of a law of power is: Always say less than necessary.

    • When trying to impress, the more you say the more common you look and less in control.
    • Be vague.
    • Powerful people impress and intimidate by saying less.

    2. Influence: The Psychology of Persuasion

    influence-the-psychology-of-persuasion

      “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

      This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

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      Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

      3. Blue Ocean Strategy

      blue-ocean-strategy

        “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

        This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

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        4. The Fountainhead

        the-fountainhead

          “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

          The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

          5. The Compound Effect

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            “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

            This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

            So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

            Featured photo credit: Bill Gates Foundation via businessinsider.com

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