Do you want to earn good money in 2024 without being stuck in a 9-to-5 job?
Well, Affiliate marketing in 2024 could be your way to do it!
This is not some quick way to get rich. It’s for people who are ambitious, resourceful, and want to live life on their terms.
Imagine waking up whenever you like, working from anywhere in the world, and running a successful business based on your passion and knowledge.
That’s what affiliate marketing offers. You become a trusted advisor, suggesting products and services you truly believe in, and you earn money when people buy them.
It’s a win-win-win situation: you help people, businesses, and yourself by building a reliable income. Sounds good, right?
And there’s even better news!
In 2024, affiliate marketing is expected to be even more profitable. Online shopping is growing, and new niches are emerging for smart marketers to explore.
So, how can you succeed in affiliate marketing in 2024? I’ll show you in my step-by-step guide called the “2024 Affiliate Marketing Blueprint.” It will help you select the niche and boost your earnings. Get ready for an exciting journey!
How To Find Non-Amazon Affiliate Programs
Imagine Amazon continues to be uncertain for affiliates. It’s smart to find other ways to make money as an affiliate. So, let’s see how to find good affiliate programs that are not connected to Amazon.
But here’s the key: we’ll also figure out how to avoid wasting time on bad ones.
The truth is that most affiliate programs aren’t very good. It’s highly unlikely that you’ll make money with them. So, we need to learn how to spot the ones that are worth our time and effort.
Evaluating Affiliate Programs
When I join an affiliate program, I have two main expectations:
It should earn me enough money to make it worthwhile for the time and effort I put in.
It should not harm my reputation, meaning people who buy through my recommendations should be happy with their purchase.
Interestingly, some affiliates don’t really care about the second point. They’re willing to promote any product as long as they make money. But if you’re reading this, I assume you do care about your reputation.
This is a smart approach. It’s tough to build a long-lasting business if you keep recommending products that disappoint your visitors. In simple terms, it’s better to be honest and considerate when promoting products as an affiliate.
How To Find Affiliate Programs In Your Niche
Let’s go through how I choose affiliate programs for my websites:
1. Select a Product That Offers Good Value:
I look for a product that’s competitively priced. It doesn’t have to be the absolute best in the market, but it should give you a lot of value for the money you spend.
This is crucial because lower-quality products often pay higher commissions to attract affiliates who are only after big payouts.
For instance, when you search for “how to start a blog,” you’ll find many websites giving similar advice. They often recommend Bluehost as the hosting service for new blogs.
The reason? Bluehost pays a commission of $105 per sale, which is quite high.
However, serious bloggers and experts know that Bluehost isn’t the best choice for beginners. It’s not terrible, but there are better options. So why do so many affiliates push Bluehost?
It’s because of the high commissions, even though it may not be the best fit for the audience.
Recommending subpar products might bring in quick money, but it can damage your relationship with your audience.
People will start thinking you’re just trying to make a quick buck, and they’ll stop trusting you. This can harm your long-term success.
2. Choose an Offer That’s Actually Worth It:
I’d rather make less money today if it means I’m earning the trust of my audience. If people trust my recommendations, they’re more likely to follow my advice in the future, and I’ll make more money over time. So, it’s important to select affiliate offers that provide real value for the money.
Thus, it’s better to recommend products that are genuinely good and helpful to your audience, even if they pay lower commissions.
This way, you build trust, and your audience is more likely to stick with you and follow your recommendations in the long run. It’s about honesty and building a lasting relationship with your audience.
3. Calculate Earnings Potential
The next thing I consider when choosing an affiliate offer is how well it converts, not just how much it pays. Let me break it down.
Most people focus only on the payout and how much money they’ll make for each sale. They don’t pay much attention to the quality of the sales page or the overall buying experience.
But these factors are just as crucial. So, while a high commission rate is important, it’s only half of the story. The real money you make as an affiliate depends on both the payout and how many people actually buy the product.
I’ve come across many affiliate offers that promise big payouts but have a conversion rate of 0%, which means no one buys the product through your recommendation.
This results in a lot of effort for very little or no money, despite being attracted by the promise of a big commission when you sign up as an affiliate.
To illustrate this concept, let’s look at two products:
Pays $10 per sale
Converts at 8% because it has a great sales page
Pays $50 per sale
Converts at 1% because its sales page isn’t very convincing
Now, let’s send 1,000 interested visitors to each offer:
Converts 80 visitors into sales
Total revenue: $800
Converts only 10 visitors into sales
Total revenue: $500
So, even though Product A has a lower payout, it ends up making you 60% more money when you promote it.
Of course, this isn’t an exact science, and other factors, like the type of visitors you’re sending, can affect conversion rates. It’s also possible that a lower-performing offer might improve its sales page and increase its conversion rate.
But when building a reliable income, it’s better to stick with what works.
Many affiliates tend to go for the offers with the highest payout, which is understandable. However, I recommend trying offers that pay a bit less but have a higher conversion rate.
Some affiliate programs are transparent about their conversion rates. But it’s essential to be cautious because some claims might not be accurate.
To make a wise choice, consider:
- Trust in the brand and whether you’d buy from them yourself.
- Reviews and feedback from actual customers you find on forums.
- The quality of the sales page and if it emotionally connects with potential buyers.
- The ease of the shopping cart experience when making a purchase.
Thus, as a rule, you’ll usually make more money from offers that convert well, even if they don’t have the highest payout. It’s not just about the numbers; it’s about selling a good product and treating customers well throughout and after the sale. That’s how successful businesses operate.
4. Find Offers Your Competitors Promote
The last thing I check before choosing an affiliate offer is whether my competitors are promoting it. If they are, it’s a good sign that they’re making money from it.
But how do I figure out which offers my competitors are promoting? Here’s where things get clever.
Analyze Tracking Links:
One way to find out who’s promoting an affiliate offer is to take the tracking link provided by the affiliate program and run it through a tool like Ahrefs. Then, check the “Backlink profile” to see which websites are linking to the tracking domain. You can even see which specific affiliate programs they are promoting.
This is a good indicator that an affiliate offer is interesting because your competitors are willing to send traffic to it, especially if they’ve been doing it for a while. It suggests they’re likely making money.
Analyze Your Competitors:
Another tactic is to look at what your competitors are doing. You can take your competitor’s website domain and analyze it using Ahrefs. Check the “Linked Domains” report under “Outgoing links” to see which domains they are linking to most often.
You can sort these by affiliate networks or affiliate programs to see where your competitors are sending their traffic. By clicking on the links from the target domain, you can see how long they’ve been promoting these offers, which indicates their profitability.
You can also use Ahrefs to check how much traffic each affiliate link is getting, giving you a clear picture of which offers are the most successful for your competitors.
Thus, the most reliable way to tell if an affiliate offer is worth your time is by checking what your competitors are promoting successfully. It saves you from wasting time on offers that don’t convert.
Some More Ways To Find Affiliate Offers
Now, there are other ways to find affiliate offers as well:
1. Google Search:
You can search for affiliate programs related to your niche by using a query like “niche + affiliate + programs.” This will give you a list of affiliate programs, but you’ll still need to validate each one individually.
Reddit can be a useful source for finding profitable affiliate offers. The r/Affiliatemarketing subreddit is a good place to start, as people there often have honest discussions about which affiliate programs work well and which ones don’t.
3. Affiliate Networks:
You can also use affiliate networks directly. Sort the offers by available metrics such as “Network Earnings” on CJ or “Gravity” on ClickBank.
Then, go through each program to find something with a decent sales page that has a chance of converting your traffic into sales.
Thus, checking what your competitors are doing is a smart way to find successful affiliate offers. Still, there are other methods you can use as well, depending on your preferences and niche.
How To Test New Affiliate Offers?
So, you’ve found some new affiliate programs you want to work with, and you’re thinking of replacing all your existing Amazon affiliate links with these new ones. Hold on a moment; it’s smarter to do this gradually.
Here’s a better plan:
Please choose one of your top 10 earning pages (the pages that make you the most money) and note how much it earns in the last 30 days.
Replace Amazon Links:
Change all the Amazon affiliate links on that page to the new affiliate program links you want to try. Don’t make any other changes to the page, just the links.
Wait and See:
Wait for 30 days, then compare how much that page earned with the new affiliate program compared to before.
If you made more money, great! You can expand the test to five more top-earning pages and run the same experiment for another 30 days. If it continues to go well, you can gradually replace links on more pages.
If you made less money during the test, you have options. You can either stop using the new program altogether, or you can test it on a different page for an additional 30 days. The key is to take it slow and be cautious.
This is like a marathon, not a sprint. Taking this approach helps protect your earnings because you’re only changing the links on one page, not your entire website, all at once.
So, you won’t risk losing your income by experimenting with an affiliate program that might not work well for you. It’s all about being careful and making changes gradually.
Finding The Perfect Affiliate Program
You may have noticed that some affiliate companies and networks aren’t always very honest. Some of them will do whatever it takes to make you promote products or services that could harm your reputation.
Plus, there’s no surefire way to guarantee that people who visit your site will actually buy the products you’re promoting. Their intentions might be different, so your results may vary.
Thus, there’s no one-size-fits-all approach to finding the perfect affiliate offer. It requires a lot of effort and analysis to discover the real gems.
That’s why you’ll notice that many affiliate websites still use Amazon Associates links. It’s because switching away from Amazon is challenging, and you might encounter some failures before you find the right fit.
This goes against the idea of making quick and easy money that many affiliate marketers have in mind.
That’s also why many sites focus on increasing their search traffic to compensate for the lower earnings from Amazon, taking the easier route instead of exploring new affiliate programs or networks.
Do It Anyway
However, it doesn’t mean you shouldn’t make an effort to discover new affiliate offers for your website. Expanding your sources of income can not only boost your earnings but also safeguard you from potential changes that companies like Amazon might make in the future.
In simple terms, it’s a way to protect yourself.
Moreover, once you learn how to find and use non-Amazon affiliate programs, it can feel like you have a special skill. You’ll be eager to use it as much as possible.
Just remember not to go overboard because having this power also means you have a responsibility to use it wisely.
❓Why is choosing the right niche important in affiliate marketing?
Choosing the right niche is crucial because it determines the relevance of your marketing efforts to your target audience. A well-chosen niche can lead to higher conversion rates, better affiliate relationships, and ultimately, more substantial earnings.
✅ Can I switch niches if I do not see success?
Yes, pivoting to a different niche is possible if you're not achieving the desired success. However, it's important to conduct thorough research before making a switch to ensure the new niche has a better potential for profitability.
👉What resources can help me find a profitable niche?
Various resources can aid in niche discovery, including affiliate marketing networks, industry blogs, social media trends, and consumer research reports. Networking with other affiliate marketers and joining affiliate marketing communities can also offer guidance and inspiration.
- Best Affiliate Marketing Niches
- Affiliate Marketing Examples For Businesses
- Best Affiliate Marketing Forums
Wrapping Things Up
To sum it up, affiliate marketing in 2024 can be a way for people to make money and be their boss. But it’s not a quick way to get rich, and you need to be honest and ethical. The important things are choosing the right products to promote, making sure they’re actually good, and making sure people buy them.
There are some areas like sustainable living, mental wellness, and online learning that are growing fast and can be good for affiliate marketing. But you have to work hard, be flexible, and keep learning.
So, if you’re up for the challenge, you can make money with affiliate marketing in 2024. Just be ready for an interesting journey!