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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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Published on September 17, 2018

How Being Smart With Your Money Leads to Financial Success

How Being Smart With Your Money Leads to Financial Success

Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

1. Avoid being “penny wise but pound foolish”

It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

2. When you want something big, wait

Impulsivity can get you in trouble in most aspects of life. Finances are no different.

It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

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So, you get the itch.

You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

Here’s where you have to take a step back.

Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

The impulse faded. And you just saved yourself a ton of money.

3. Live smaller than you can afford

You finally get that big raise. And you want to celebrate – and why not?

You’ve been looking forward to this forever. And after all, it was all due to your hard work.

That’s fine, splurge a little. However, make it a one-time deal and be done.

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Don’t get caught in the trap that just because you’re now making more money, you should spend more.

Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

4. Practice smart grocery shopping

Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

Create a grocery budget

Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

Make a list… and never deviate

Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

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You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

These impulse decisions will lead to overspending, which will derail your grocery budget.

Eat before going grocery shopping

It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

This makes it much easier to stick to your grocery plan.

5. Cancel your gym membership

Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

The average gym membership costs around $60 per month. That’s $720 a year.

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Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

It’s baby steps… And baby steps can start now!

I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

Featured photo credit: Unsplash via unsplash.com

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