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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 April 3, 2019

How to Nix Your Credit Card Debt in Less Than 3 Years

How to Nix Your Credit Card Debt in Less Than 3 Years

Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

Hint: there are ways that are easier than you think.

1. Consider Consolidating Multiple Credit Cards If Possible

This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

2. Try to Pay the Full Balance You Spent Each Month at the Very Least

You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

3. Pay Extra When You Can – Every Small Amount Counts

This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

4. Create a Plan on How to Pay Extra

Back to the main point, having this plan is giving you one less thing to think about.

This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

5. Cut out Costs for Services You Do Not Use

If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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6. Get Aggressive About It

Consider these points:

Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

7. Reevaluate Your Progress at Set Intervals

Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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Finally (and most importantly)…

8. Keep Trying

Do not get discouraged. Pushing it off will make it worse. Just keep trying.

Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

Start Knocking out Your Debt Today

The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

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