Building a blog that builds multiple streams of income is definitely the dream of many…
One of the easiest ways that bloggers, especially beginner bloggers, have found to monetize their blogs through promoting affiliate products. With affiliate marketing you don’t have to invest time and resources trying to come up with product ideas and product creation.
However, making a success of affiliate marketing as a blogger has become more and more difficult over the years as make money blogging has evolved beyond the reach of many. A few years ago, simply putting up some banner or product links on your blog could see you pulling in some good income every month. But all these have changed.
But does that mean you cannot make money with affiliate products on your blog anymore?
Of course not!
Though a lot of bloggers will readily kick against using your blog for affiliate marketing because they have some “how to create your own products” ebook to sell to you, that does not mean monetizing your blog with affiliate marketing is dead.
Over the past few years I have been using affiliate marketing as a monetization strategy on my blogs because adding affiliate product links to your blog is a great “side income” generator for any blog. And so, in this post I want to give you a few tips that will help you turn your blog into a cash generator using affiliate marketing.
The 3 Critical Elements for Maximizing Your Affiliate Income
If you have been in this “make money online” thing for some time now you definitely understand that traffic is a big factor when it comes to making money with your blog. The amount of income you can pull in from your blog through affiliate marketing will vary significantly depending on the amount of traffic the blog receives. Of course the other factor is the compensation you receive from your efforts. Putting this into consideration, here are some essential elements that will help you maximize your income.
1. Pick The Right Affiliate Opportunities
In most cases, joining an affiliate program is as easy as filling some form with your details and clicking on join. Most affiliate programs may automatically accept you once that form is submitted while others may take some time to peruse your details, especially your website, to determine if you qualify for their program, but this is really an exception.
But you don’t have to pick an affiliate marketing program without discretion, because of the ease of entry. You should put into consideration your blog target audience when selecting what opportunities to join. If the affiliate marketing products/services complement the blog, your chances of succeeding will be greater. This is because the blog visitors will not only find your affiliate promotions interesting but actually love you for providing something that is beneficial to them. But where this is not done they would simply consider your affiliate marketing links as bothersome.
2. Track, Measure And Optimize
Putting up affiliate links on your blog is not enough. Once you have selected and joined the right affiliate marketing opportunities that best suit your blog, you need to work on maximizing your income from your promotions.
One of the ways to do this is to actually know what is working and then optimizing it to work better! Blindly putting up affiliate links on your blog and expecting to become a millionaire doing so is a mere day dream. You should have simple tools and tactics that will help you to constantly evaluate the effectiveness of your affiliate promotions.
Tools like Google analytics will help you evaluate and compare the percentage of blog visitors who click your affiliate links to the overall traffic to the blog. If your blog is driving a high volume of traffic but a relatively small percentage of the visitors ever click on your affiliate links, you should consider making changes that will entice more blog visitors to click on the links.
Of course, you will need to take this gradually as there are so many things to change. For example, the problem might just be the aesthetics of your blog or the size or location of the advertisements/banner placement. Making only one change at a time is recommended as you will be able to easily pinpoint what changes are most beneficial.
If aesthetics is the problem, getting a professional designer to redesign your blog or getting professional help can work the wonder. Of course, all of these will amount to nothing if your blog is not driving traffic. So doing some more of self-promotion, for example, on social media and guest posting etc., can help drive additional traffic to the blog.
3. The Affiliate Program Requirements
This can actually be a big problem for some affiliate marketers. Like I mentioned above, joining most affiliate marketing programs is as easy as A, B, C. Unfortunately, some affiliates rarely read through the affiliate marketing program agreements before they click the join button. This could be a big problem because these agreements are there as restrictions on the usage of a link to the affiliate marketing website.
Beyond restrictions on objectionable content, which is kind of widespread among affiliate marketing companies, some of them has to do with including links or advertisements for direct competitors on your blog. So, if you fail to adhere to these guidelines all your efforts might just be a waste as you could be denied your compensation. So, doing your due diligence before signing up for that affiliate marketing program is important.
You already have a great blog, right? And you are laboring to constantly update it, working hard to bring traffic to it, right? Then why not monetize that traffic by adding some affiliate products that will give you a percentage of their earnings? If you will use the above suggestions above today you will be set to build another side income into your blog with ease.
If you desire to know a few more ways of monetizing your blog traffic, then sign up for the WIJ Insider Newsletter today for my exclusive guide to making money with your blog using the PTA Formula plus a BONUS download of 100+ innovative business ideas you can use today. Click on the button below to sign up, it’s FREE!
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Very informative and valuable article. These tips really helpful for me and other also too. This is the best idea for bloggers that monetize your blog with affiliate marketing and make online money. I learned a lot of knowledge from this post.