WORKSHEET: Choose your affiliate niche

Lesson Details:

I: Introduction

A: What is affiliate marketing?

Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts. In contrast to referral marketing, which occurs when a consumer is referred by a non-affiliated third party, affiliate marketing relies on generating revenue from the sale of products or services from a third party affiliate.

B: How can you make money with this?

The process of making money through affiliate marketing does not differ from any other business. You have to build an audience and communicate your message in a way that is going to promote the product in a flattering light. If you are trying to market a product with a celebrity endorser, you need to make sure the product is endorsed in a way that will appeal to your audience. You can also use different strategies to increase traffic. For example, if you are using an e-commerce site you might want to send traffic from social media sites. In addition, you can choose specific keywords for search engines and pay per click advertising.

II: Body

A: Choose your niche market

Market research is essential before beginning any affiliate marketing campaign. This includes knowing the competition, keywords, and potential customers. There are several ways to go about market research. The first would be to do it yourself by searching the internet and knowing the products that are selling well in the industry. Another approach could be to hire someone to do the research for you. There are many companies that offer this service. Just do some research online so you know what questions to ask them.

B: Build your website

If you are planning on making money with affiliate marketing, you cannot get around building your own website. However, there are many ways to go about this. You can either use a free blogging site like blogger, or use wordpress (the choice is yours).

C: Target market

You should decide whether you want to target people locally or globally. This is because there are certain products that might only appeal to people in your local area while others might appeal to everyone around the globe. It all depends on what you are promoting (i.e., travel packages versus kitchen appliances). Make sure you choose wisely because you will not make money if no one buys anything from you!

D: Get affiliates!

Once your website is built and ready to be published, it's time to start targeting affiliate programs! Do your research just like you did with the products themselves, but remember that there are lots of affiliate programs out there so don't limit yourself to just one program. Once you have found the company that fits your needs best, sign up! You can even sign up for multiple ones so you have more options. For example, if one doesn't have what you are looking for, maybe another one will have it.