Statistics show that more than 80% of affiliate marketers earn around $20,000 every year. Given the benefits of affiliate marketing, if you are successful in running your affiliate marketing strategies, you can unlock a great opportunity of earning passive income.
But keep in mind that affiliate marketing isn’t all about signing up to an affiliate platform and building your business. You need to create an actionable plan that contains proven practices to help you earn more from affiliate marketing.
Ready to kick off your journey as an affiliate marketer in 2023? Here are five proven tips to help you make more profits faster as a newbie affiliate marketer!
1. Create an Audience Persona
You will not be able to convince people to buy from you if you don’t know about their likes, dislikes, pain points, and much more. Instead of pushing people to buy from your affiliate links, you need to understand what your audience really wants in life.
This is why you need to focus on audience personas to make profits from affiliate marketing. There are several tools online that can help you create an audience persona in no time. Start creating audience personas so you can reach out to your potential customers more effectively.
2. Start With SEO
SEO allows you to become discoverable and persuade more people to click on your affiliate links. Contrary to the popular misconception, SEO is not dead and can still bring a lot of visitors to your website.
Many SEOs recommend newbie marketers avoid hiring an SEO agency right off the bat. But whether a person can do SEO themselves or not comes down to their daily routine.
If you have a lot of free time and a burning desire to learn about inbound marketing, you can probably start seeing results from SEO by working alone. But it’s better to hire an agency for SEO if your affiliate business is relatively big and you don’t have time to do SEO all by yourself.
3. Run Ads on Socials
Getting results from SEO can take some time. Instead of relying on SEO alone to get more customers, you need to focus on other strategies that can help you get more sales. For example, you can start running ads on social media to strengthen your brand and boost your credibility.
Running ads on social media is relatively simple. You can create your account and run ads on different platforms without spending a lot of money. But make sure you study audience personas to choose the right social platforms for running ads.
4. Study Your Competitors
Competitor analysis is one of the essential steps to help you make more profits from affiliate marketing. Instead of doing things from scratch, you should consider studying your competitors and adopting their strategies.
Doing so will make it easier for you to achieve your sales goals and find more customers in no time. Contrary to the popular misconception, you can perform competitor analysis yourself if you spend some time learning how to do it correctly.
5. Don’t Ignore the Trends
Turning a blind eye to new trends will make it nearly impossible for you to grow your business. Instead of staying in the same lane, you need to experiment with things by exploring trends.
Studying the trends doesn’t necessarily require you to adopt every single new slang in your brand voice. Instead of hopping on the bandwagon of every new trend, you need to identify how a trend can transform the demands of your customers over the next months. You can use any of the online trend-tracking tools to ensure you don’t miss out on anything important.