What is Affiliate Marketing ?
Affiliate marketing is a way to monetize an existing website. Whether it is linked to a hobby or used as a business. If you start a small affiliate business along side your website you will earn extra income from the same website and very little effort and cost to yourself.
The way affiliate marketing works - the affiliate will place a link advertisement or banner on their own website which links to another site selling a product. Once a visitor has clicked on the advertisement or link if they purchase a product from the merchant site you will receive a portion of the sale.
Choosing a product can take some time, you need to choose a product that your visitors are actually going to be interested in. If your own site sells pet food there is no point sending your visitors to a pet food shop that sells its products for less, you will simply lose customers. You need to find another product that is attractive for the visitor but not in direct competition to you. In this case I would choose something like Pet Clothes or Pet insurance.
Most people when first starting out with affiliate marketing simply add the link to their site, but to gain more sales and visitors you can always promote the product yourself.
You could also try creating your own e-book and dropping your affiliate products into it, in the hope that somewhere along the line a sale will be made and you will see a return.
You can also promote the product by writing an article and adding the link too, if you publish your article on your site it will also add content to your site which is always an added bonus.
It will also give you lots of new ideas for your own product. Once you have run an affiliate marketing business you are bound to have lots of new and interesting ideas for creating your own products.
Affiliate marketing is based on trust and building a relationship with your visitors. Having software, an e-book, membership etc your visitors will visit your site, start to trust you and return These visitors are more likely to follow a link on your site because they trust you and trust that you think the product is good.
It is well known that people prefer to look at a website that has been referred by someone else, again this is a trust issue even though you are in fact a stranger to them.
Affiliate marketing has become the entry point for most new internet businesses it is an easy way to earn some extra money. Although it has not been proved it is said that having affiliate links on your website can carry more weight with search engines.
If you have your own site already your halfway there, all you need to do now is sign up for an affiliate product, remember not to compete with your own products. Get the link, add it too your site and encourage people to click!!!