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Many have heard of affiliate marketing and have considered trying it. It’s a $17+ billion industry projected to grow to $27.78 billion by 2027. Over 80% of brands use affiliate marketing to boost brand awareness and drive sales, and 16% of all internet orders in the US are placed through affiliate links. On average, affiliate marketers make $8,000 per month (Authority Hacker). But does one actually need a website to make money this way?
Many affiliate marketing programs require a website. You could buy one if you don’t have the resources to create a well-monetized affiliate website from scratch. However, they sell for up to 40 times the monthly revenue, which makes it a substantial investment. Additionally, you’ll have to maintain this website after purchase.
Affiliate marketing offers numerous strategies with minimal initial costs for people who don’t have a website and find it daunting to create and maintain one.
What is Affiliate Marketing
Affiliate marketing aims to align the perfect offer with the right customer at the ideal time, focusing on two main aspects: the product and where you choose to promote it. It’s a commission-based earning model in which you get paid for every conversion from customers who use your unique affiliate link. Depending on the offer, a conversion could be a purchase, subscription, registration, deposit, etc.
Choosing What to Promote
Your journey begins with selecting an offer. Many businesses, from large corporations like Amazon and eBay to niche sectors in gaming or travel, run affiliate programs to extend their reach. You could explore affiliate networks, which act as intermediaries between companies looking for advertising and affiliates. These networks can simplify your search for the right product or service and automate many processes.
Finding Where to Promote
Next, you need to decide where to advertise your chosen offer. In other words, promote your affiliate link. The key to success lies in matching your offer with the right audience interested in your product. Where do they live? How old are they? What are their interests? What’s their primary gender? You should do some initial research and try to learn as much as possible about them.
Now, you can identify the traffic source — where to place your ads or affiliate links so your audience will see them. For example, you chose an offer for a banking product tailored specifically for women. So, one avenue to explore could be Pinterest boards.
Read more on how to use Pinterest for affiliate marketing here.
Most traffic sources use PPC (pay per click) payment models when you advertise your links or posts. Learn more about PPC here.
Understanding Ad Trackers
Ad trackers, such as Keitaro Tracker, are tools that record and analyze how users interact with your ads or affiliate links online. They show information on all of your offers, campaigns, and traffic sources in one space and automatically calculate financial metrics, such as cost (how much you spent on the link) and revenue (how much you’ve made from it). And they can do much more!
They can provide insights into your audience’s behavior, give you detailed information on who clicks on your ads, help identify what unites people that bring you conversions, and which offer or traffic source brings the most income. This information is invaluable for optimizing your targeting and lowering costs.
Read more on how ad trackers help achieve success in affiliate marketing here.
Investing in a reliable ad tracker is a step that separates the experts from the beginners in affiliate marketing, equipping you with the data needed to make informed decisions and refine your marketing efforts for higher ROI.
Three Strategies for Affiliate Marketing without a Website
- Social Media
Social media channels such as Instagram, TikTok, Facebook, and Pinterest are invaluable for affiliate marketers aiming to expand their audience and establish expertise in a specific field.
Think of a cook sharing daily tips and inspiring images. This strategy attracts foodies and cultivates a trusting relationship with them. If you market an affiliate product on this account, you may turn your audience into potential customers.
However, success requires more than posting appealing images of products. Your updates must provide real value. While attractive visuals may catch the eye, the substance and relevance of your posts retain interest. Strive to make each update a step toward becoming a trusted resource in your niche.
Social media ranks at the top for affiliate marketing, offering a way to reach and engage with both new and existing audiences. In fact, 85.8% of affiliate marketers who use social media to drive traffic have less than 10,000 followers and use over three platforms (Authority Hacker). A trusted relationship with your followers increases their likelihood of exploring your recommendations.
However, affiliate marketing on social media is effective only if products are accurately matched with the audience. Each social media site targets different demographics and serves various purposes. For example, a crochet blogger promoting knitting gadgets on LinkedIn might not reach their intended audience as effectively as they would on a more crafts-oriented platform. Selecting the most suitable traffic source is crucial for achieving your objectives.
Keitaro Tracker can help ensure the right people see your post through automatic integrations with Facebook and TikTok. The tracker receives information about every click and sends information on conversions to the platform so the algorithms can show your ads to more relevant users.
2. YouTube
YouTube is the world’s second-largest search engine, only surpassed by Google, which owns it. This platform is unique because it caters to various content creators, offering opportunities for individuals of all ages to earn money. If your strategy involves promoting products or services through videos, placing affiliate links in your video descriptions is a smart way to boost your income. The success of this method depends greatly on your audience size and how engaging and informative your videos are.
It’s an ideal platform for those who prefer video storytelling over writing. It appeals particularly to those who favor visual learning, such as watching a product review video instead of reading about it. While instant fame on YouTube isn’t necessary for success, creating content on your YouTube channel that educates and entertains is key.
Your goal is to produce videos that make viewers think, “I didn’t know I needed this product, but now I do!” Once you capture their interest, direct them toward the affiliate links in your video description. These links are crucial for converting viewers into purchasers, so ensure they are easy to find and use.
YouTube offers a variety of content formats suitable for affiliate marketing, including:
- Product reviews;
- Product comparisons;
- How-to guides;
- Unboxing videos;
- Best-of videos.
Utilizing these video formats allows you to effectively incorporate affiliate links into your content.
Try using Keitaro Tracker to track your affiliate links. This way, you’ll get much more insight into who clicks on your links and buys the products you promote. The tracker will automatically calculate metrics and show over 120 parameters, way more than you can find in your business account on the platform. So you will have more information to analyze your customers and perfect your targeting.
3. Email Marketing
Email marketing has an impressive return on investment, significantly boosting earnings for affiliate marketers who leverage it — by as much as 66.4% more than those who don’t (DMA). This strategy is not only practical but also budget-friendly. With mailing platforms like Mailchimp offering free plans, it becomes an accessible channel for driving traffic.
The main hurdle, however, is building a subscriber list. Convincing people to join your email list requires a compelling reason for them to share their contact information. You could buy a mailing list online, but it could be pricey, and some emails may be outdated or irrelevant.
To build your list, leverage every platform you use, such as social media, YouTube, or community forums. Draw in subscribers with irresistible offers, such as insightful articles, in-depth reviews, or compelling stories.
Email newsletters are versatile mediums for delivering value, nurturing trust, and cementing authority in a chosen niche. Integrating affiliate links transforms your newsletter into a strategic asset for affiliate marketing without additional restrictions.
Remember, the key to successful email marketing is balance. Maintain regular contact with your subscribers without overwhelming them. Overloading inboxes is a sure way to increase unsubscribe rates.
Two Tips for Success in Affiliate Marketing
Focus on Your Passion
Success hinges on establishing yourself as an authority in a specific area and selecting an appropriate niche. Reflect on your passions, skills, connections, and credentials. If finance excites you, for example, consider affiliating with brands that offer banking services. This genuine interest makes it easier to build an audience and enhances your ability to effectively promote your affiliate products.
It’s essential to strike the right balance when choosing your offers. A broad niche may put you in direct competition with large publishers, diluting your traffic quality. Picking a very specialized product may not interest as many people as you’ll need to reach your profit targets. Aim for a happy middle ground — like specializing in dog food or pet insurance within the broader pet industry to capture a dedicated yet sizable audience.
Implement SEO Strategies
While SEO is commonly associated with websites, it’s equally critical for content on social media and online forums, as these platforms can also rank in search engine results. Optimizing your content increases the likelihood of your target audiences discovering you. Integrating SEO best practices into your content strategy ensures greater visibility for your affiliate links.
Remember that consistency is key. Keep your content fresh and engaging to maintain audience interest. Regularly analyzing your strategies’ performance helps refine your approach. When you’re just starting, focus on building a solid foundation. Don’t shy away from expanding your digital presence, further broadening your affiliate marketing opportunities.
