If you have an at-home web-based business and are looking for a way to make some extra revenue, you may want to try your hand at online affiliate marketing. By placing small ads on your website, and other places on the web, you can generate some extra cash without having to do a lot of extra work. Affiliate marketing isn’t for everyone, however, so before you start dreaming of all that extra cash flow, read the following information.
What Is Online Affiliate Marketing?
Affiliate marketing is similar to a referral program, except it’s on the web. As the owner of a website, you place a link to a product or service on your site, and when a visitor clicks on the link and buys the product or service, you get a small percentage. Some programs even offer a small payment if your customers simply click on the link without making a payment.
Who Should Use It?
The most successful affiliate marketers are those who have websites that get a lot of traffic. Bloggers make a large portion of their income using it because they have the ability to sell the product in their posts, and they usually get a lot of traffic. Since not everyone who sees your link will click on it, you need a lot of visitors to see it before you can make a significant profit. While it doesn’t take a lot of effort, if you only have a few visitors, you won’t see a return on the time you’ve invested to get it set up.
How Much Money Can You Make With It?
That depends. Every program has a different pay structure, with some paying you simply for unique clicks. If you have a site that gets a lot of traffic every day, then you can make a lot of money with ads. Large sites like Facebook make huge sums of money this way, but only because they have millions of unique visitors every day. You don’t have to be hugely popular to make a lot of money, but you do need to have a strong following in your niche.
What Kind of Companies Have Affiliate Programs?
Most larger companies have an affiliate program of some sort, and you can find them on affiliate network sites. These sites manage the affiliates of hundreds of companies, making it easy for you to manage and get paid. Smaller companies may also have an affiliate program, but you may have to check their individual website. If you see a product or service you think you can sell on your blog or website, mention it to the company that makes it; even if they don’t have an existing affiliate program, and they may be willing to create one.
Do You Need a Lot of Technical Knowledge to Use Affiliate Marketing?
While you don’t need a lot of technical knowledge, it does require placing links embedded with HTML code, and one tiny error can mean the link not working. It also takes some time to get set up. If you think you can benefit from affiliate marketing but don’t want to manage it yourself, there are companies that will do it for you. Just beware; paying someone to manage it may cost just as much or more than what you make from the program.
If you have an existing website that gets a good amount of traffic, you may be able to benefit from affiliate marketing. You’ll need some minor technical skills, and it may require a learning curve before you start making money, but many companies use this advertising method to generate a little extra income for their business. It doesn’t cost anything to set up, so if you think it’s something you’re interested in, give it a try and see.
Can Online Affiliate Marketing Help Your Business?