Life on this planet isn’t getting any cheaper, and it probably won’t with capitalism continuously infiltrating humanity’s roots. You could use that to your advantage by providing these businesses with a platform to advertise their products. We all need ways to generate extra income through different sources. This is where affiliate marketing comes to our rescue. But, what if someone does not have the time and energy after 40+ hours of work per week? Well, affiliate marketing does not require 40+ hours per week for generating more income than your current full-time job. You don’t need any special qualifications, or loads of money to get started. All you need is to read and understand this guide to start affiliate marketing with no money.
It is best if you understand the concept of affiliate marketing before getting into the nitty-gritty of it. The better you understand the concept, and its goal, the better will you perform and, the more you will earn.
What is Affiliate Marketing?
So, what is affiliate marketing and why is there so much hype around it?
Affiliate marketing is an affordable alternative to traditional marketing. Putting up adverts on television or even using Google ads to boost sales can get extremely pricey for sellers. The ease and affordability for the sellers create the hype around this phenomenon. The more the hype, the more you can earn from it.
Now, let’s understand how affiliate marketing works. It’s really not that hard or complicated.
Affiliate marketing allows you to earn money by advertising products to your audience and directing them to the seller’s website. You are compensated when something you advertise is bought through your affiliate link. However, sometimes these links come with an expiry date. Hence, any sales made through that link after its expiration won’t generate any commission for the affiliate.
“But, wouldn’t starting up a platform with an audience engaged enough to purchase a product require money?”
No, not necessarily.
“So, how to start affiliate marketing with no money?”
Let’s discuss your plan of action step-by-step.
While having a platform with an engaged audience helps but, that doesn’t mean that affiliate marketing is only for popular bloggers. Sure, they make way more money but, that doesn’t mean you can’t make a good enough living from affiliate marketing. Keep reading to find out how!
Step 1: Find a platform to build an audience.
There are various social media platforms that you can use for starting your affiliate marketing career. Each of these social media platforms caters to a specific target audience hence, you need to find which one speaks to you the most. The more you are comfortable on a platform, the better you can use it to engage an audience. For instance, if you are into the latest trends, fashion, and beauty then Instagram, Pinterest, and even YouTube may be the best platforms for you. However, Facebook, Reddit, WordPress blogs, and YouTube cater best to more technology-based, or more feature-based products rather than aesthetics.
Step 2: Stick to one niche.
You can’t post everything and just anything on your page. In order to succeed and build an engaged audience, you need to narrow down to a niche and post accordingly. For instance, if you have a food blog, then posting affiliate links for garage tools won’t help you much. However, posting links to cooking utensils, food subscriptions, or even diet plans will generate income and traffic on your blog. The niche of your blog is decided based on something that interests you but, thousands of other people as well. This formula will not only keep you consistent but, also generate maximum income for you.
Step 3: Start building an audience.
Every social media or marketing platform has a specific algorithm and you need to study that through various articles and by following what your competitors are doing. Study, observe, learn, and then add your spin to it without breaking an algorithm. Product reviews, posting ads, posting impactful testimonials, and showing your audience the effective use of that product in a way they’d be convinced that this single product is what they need in life.
Step 4: Use other social media platforms to generate more traffic.
Don’t bound yourself to one platform, instead leverage other platforms. Make sure that these platforms cater to a similar target audience and algorithm. If you have a relatable personality and don’t mind putting yourself on the Internet then, leveraging YouTube will be beneficial. Even if your channel isn’t monetized you can still use affiliate links to earn an income. How? Well, let’s head over to the next step.
Step 5: Register with an Affiliate Program and play around.
Joining an Affiliate Program is mostly free and rather easy. If you have no clue about affiliate marketing at all then we recommend using the Amazon Associates Program. It is free and easy to use. Simply, follow the abovementioned steps, make an account, and link your social media page with it. Then search for a product that your target audience might purchase, and post it on your page. You are compensated each time someone purchases a product using your trackable link. It is pertinent to note that you may not make much money in the first few months. However, knowing your target audience and catering to more of their needs will generate more income for you over time.
Successful affiliate marketers have mastered the two elements of knowing their audience and being consistent. Each of the abovementioned steps takes time and requires consistency. Spend time to master these elements if you want to start affiliate marketing without money. It will take time for you to be consistent on whichever platform you choose, but it is achievable. This is how almost every affiliate marketer began their journey before affiliate marketing become the main source of their income. They didn’t have any money, so they used the methods I described above. They spent the time, remained consistent, and are now reaping the benefits.
Have you questions about affiliate marketing? Do not hesitate to contact us.
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