Finding Awesome Affiliate Products To Promote In Your Niche
One of the most popular ways to make money online is through affiliate marketing.
It's also easy to see why, as it offers fantastic opportunities for those willing to constantly learn and take action.
On the other hand, finding affiliate products worthy of promotion and staying away from time-wasters is the key to becoming a successful affiliate.
The ideas I'm about to share with you now can be the difference between struggling to make a few bucks each month and making a hefty profit each month.
What Is An Affiliate Product?
An affiliate product is a product that you can promote and earn commissions without carrying any inventory or sales. Just promote the product; the seller takes care of the rest. When customers make purchases through your affiliate link, you earn a commission. It's that simple. Well, like that.
All of this is automatically tracked by placing "cookies" on the user's web browser after they click on one of your affiliate links. Depending on the specific associated program, these cookies may remain active for as little as 24 hours or for many years.
How to find good affiliate products in the market
When most people start out with affiliate marketing, they pick the products they want to promote based on what they think will make money, and then focus on how to get more traffic.
It's a fundamentally flawed approach that leads to so many bugs. In fact, the final step in starting an affiliate marketing business is deciding what kind of product you want to spend your time and energy on.
I'm serious. The correct method is described here.
Begin by generating niche ideas
The first step to starting a profitable affiliate marketing business is choosing a niche market.
Before you can hope to sell anything to them, you have to start with the actual customers who buy those products. It's your specialty. These are the people whose problems you solve with your product and want to help. Either way, I'm a big proponent of choosing a niche you're passionate about or at least interested in. There are two main explanations for this: value and durability.
Your willingness to invest more time and effort in learning a subject increases with your interest in the subject. The better you understand your niche, the more effectively you can solve its problems and deliver more value. If you're passionate about something, you're more likely to stick with it, even if you start making money. Too many people stop short of seeing results because they are looking for a “quick fix” to making money from affiliate marketing. Surprisingly, perseverance is one of the most important aspects of success. None of this is too complicated if you're passionate about research, content creation, campaign management, data analysis, and driving your business forward. With that in mind, a visit to Amazon is a great place to start generating niche ideas. Although it's not the only way, I use it because it works. In their menu, they feature millions of products by category.
Spend some time considering their products, but don't promote them too much. To generate niche ideas, try this brainstorming exercise. Consider the items you own or want to buy. Think about the problems you or someone you know has and the products that help solve them. There is no recipe for this, but anyone can come up with the idea.
The hard part is deciding whether they are worth continuing. You will not succeed unless your passions and interests align with real opportunities. The most stylish products can be found online and you can burn yourself until you are blue in the face. But if you want to earn money, you must follow the steps below carefully.
Researching niche:
You need to do some research to "validate" your product idea.
If you skip this step in Finding Money, a very difficult and long journey awaits you. I swear.
Researching your niche is the cornerstone of any affiliate marketing business. Most people mistakenly think it's about what they're promoting or "getting a lot of traffic" when it's actually about growing your audience. If you want to sell something, you need to know your audience and develop their knowledge, preferences and trust in you. When you do this, not only do you have a pool of people that you can use to promote affiliate products as an affiliate, but you also have a pool of people ready to buy the products you promote.
Find successful niche sites that are already targeting this audience and see what they are doing. See what forums your niche participates in, what Facebook groups they belong to, and what blog comments they leave. It would be better if you knew more about them.
How to find the right product for your company
Once you’ve got a niche idea in mind, and you’ve done some homework on the opportunity within that space, it is now time to choose a product to promote.
There are millions of products to promote, and thousands of affiliate programs you can join for free. With so many good options and worthwhile offers, it’s hard knowing which one to settle on. Unfortunately, there’s no “secret” to finding that “perfect product” to promote.
I wish I could tell you otherwise, but this is reality.
But there are principles and guidelines that can lead you to choosing the right product. The key is finding a product or service that solves your audience’s unique problem and is something they are willing to buy, and a product you will make a consistent income promoting. In other words, it’s a two-way street.
You need to find a product that genuinely solves the needs of your audience, while also solving your need. In this case, making money and growing your business.
With that being said, let’s delve into the different types of products you can promote. There may be millions of options, but there are types of products that differ greatly and can make a huge difference to your bottom line.
Types Of Affiliate Products
It pays to know the real difference between them, rather than just looking for the most converting and best-selling affiliate products.
Even if you promote your product with the highest conversion rate ever, you have the opportunity to make big money if you don't recognize the following differences.
Low Ticket Products
On the one hand, when it comes to low-cost products, you can (usually) reach a wider audience, and because the risk is lower, they're more likely to make a purchase.
Theoretically, it is possible to make good money by selling many cheap goods. However, it can be argued that attempting to promote a cheap item online is the same as attempting to do the same for an expensive item.
High Ticket Products
The high ticket fees are, well, high. However, since they're discussing a purchase, your audience is inevitably smaller and they're taking a bigger risk.
As a result, people are less likely to rush to your website and spend $5,000 just because you wrote a great review. It seems logical.
Both the need for a leak-proof sales funnel and the importance of developing close relationships with your audience are dramatically increasing. But I'll come back to that in a minute. The relationship between the commission itself and the total number of sales you can make should be taken into consideration when comparing low-cost versus high-priced products.
One Sale vs Recurring Commissions
It is absolutely possible to earn a good income as an affiliate by promoting products that pay you a commission only once. It doesn't matter how expensive the product is; as long as you consistently make enough sales, you could theoretically promote one-time commission products successfully without doing anything else.
On the other hand, recurring commissions are fantastic.
The amount of work you put in is equivalent to selling something once, but you keep receiving payments. Possibly for many years to come.
Aweber is one illustration of a fantastic product to promote with recurring commissions. Obviously, it depends on the niche you are in. Nearly all internet marketers need it, and it's a great tool with nice payouts. Depending on how much money your referrals spend in a given month, you could receive a 30% commission. The base product costs $19 per month, or $5.17 per month for as long as that person stays a customer. You make more money as their email list grows and as they increase their payment.
I promote a program called Wealthy Affiliate, which pays me $8 upfront per Premium referral and $23.50 recurring commissions for people who sign up and stay after the trial period. It is a fantastic platform for teaching affiliate marketing, and it has a rewarding affiliate program.
The idea is to consider your objectives and target market, and if it makes sense, look for a solid product with recurring commissions to promote.
Digital vs Physical Products
Another factor to consider is the decision to promote a physical or digital product.
Commission rates for physical goods are typically well below 15%. However, depending on the product and the affiliate network, commissions on digital goods can reach 75% or more.
Since there's a lot of money to be made with both, it's hard to say which is "better".
Royalty rates on digital information products may be higher and should be considered depending on the product, market segment and your target audience. Many shoddy digital information products are available, and refund requests are much easier. They can avoid repackaging and return the item simply by clicking the "Request a Refund" button. Trade in quality items and use them yourself as much as possible to ensure you get what you pay for.
Learn How to Find the Best Affiliate Products to Promote
1. Use Amazon: If you could only do one thing, it would probably be this. Amazon is the largest retailer in the world, and you can use it in at least two ways:
Discover Best Sellers - Amazon makes it easy to find the best sellers in your market. You must do the following:
Go to the Amazon Bestsellers page and select your market.
The four Amazon picks below keep us focused.
Your audience knows these bestsellers, maybe you are one of them. How about writing an article detailing why you should be waiting for these hot new releases? (Hint: this will sell like hotcakes!)
Movers and Shakers: Related products climbed the rankings very quickly. Why is this happening? Maybe Oprah mentioned it on her show. You can still rank in the search engines for this content without getting enough in-depth reviews.
The item people are actually adding to their wish lists is GEM; many don't come close to buying it!
Check out customer reviews to see exactly what they liked and didn't like, why they bought, what they missed, and even customer photos! It is a gold mine; look what i came up with in less than a minute.
Use forums. Online communities and forums let you know what your customers are thinking. The screenshot below clearly shows that customers are interested in more than the best coin of a particular type – they also want to know when and where to buy!
Look Inside: If you choose a niche that you know well (always a plus!), you probably use a lot of resources on a daily basis. Why not tell your audience about the product you use and a detailed explanation of how you use it?
Solve problems. During your research, you may find that some problems repeat themselves. If you focus on finding solutions to these problems, you don't even need to sell; these are the thoughts that go through your customer's mind countless times a day. As they read, viewers will see how their problems are addressed. They can be found in three ways:
Forums: Most of the time people turn to online discussion groups for help. Even a quick Google search for "questions" and "forums" can yield useful results.
Check out the questions people are asking on Yahoo Answers; they usually have a serious strategy. If you could show this girl how to start collecting coins on a budget, wouldn't many others (including her) follow suit? Quora: Like Yahoo Answers, Quora research will reveal many interesting questions from your audience.
You can't just type in a keyword question and get similar results, but you can still infer that people are looking for video thanks to Ubersuggest, which aggregates Google search suggestions. Now that we know what products customers like to buy, you may be wondering how many products to promote. Ideally, your marketplace should allow you to promote multiple items (it's a good sign that customers are buying from your marketplace!). Here is a simple guide you can use:
Compare products for any need or problem your customers have and let them make the final decision. If you push too much without any real rhyme or reason, your customers may feel the same way, they'll lose trust in you or become confused. Either way, you will lose sales. It's a simple equation that will tell you at a glance which product to use if you have more than one product for the same need.
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