How to Make Money with Affiliate Marketing in 2024

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What Is Affiliate Marketing?

Affiliate marketing is a performance-based strategy in which businesses reward affiliates for attracting new customers through their marketing efforts.

It involves three key players: the merchant (or company), the affiliate (you), and the customer.

Affiliates earn money primarily through commissions. By promoting products or services and driving leads or sales for the merchant.

For example, if you promote a book on your blog and a reader clicks through and buys the book, you earn a commission from the sale.

Affiliate marketing is popular because it’s a win-win. 

Businesses get more customers. You, the affiliate, get paid.

How Does Affiliate Marketing Work?

Affiliates promote a company’s product or service and receive a commission for completed actions, such as sales, leads, or visits.

After signing up for an affiliate program, you get unique links that track the traffic and sales you generate. 

Writer places an affiliate link for Semrush in one of their blog articles

Then, you promote the company’s products or services using your platforms, such as a blog, social media account, newsletter, or website.

And earn commissions when people click on your affiliate link and make a purchase (or another desired action). 

For example, if you join Semrush’s Affiliate Program, you can earn $200 for every sale you make, plus $10 for every free trial your referrals sign up for. 

Semrush affiliate program landing page

Benefits of Affiliate Marketing

Here’s why affiliate marketing is worth considering:

Low Barrier to Entry

No product? No problem. 

Affiliate marketing lets you start selling without creating a product. 

You promote others’ products and earn a commission for each sale made through your referral. 

It’s as straightforward as choosing a product, sharing it, and earning for every successful referral.

Low Risk

Affiliate marketing is a low-risk venture. 

You’re not creating a product or holding inventory. And signing up for an affiliate program is typically as straightforward as filling out an online form. 

Your investment? 

Time and effort. 

If a product doesn’t resonate with your audience, switch to a different one. 

No significant loss incurred.

Easily Scalable

Your affiliate marketing efforts aren’t subject to traditional business constraints. 

You can reach a global audience. And scale by offering a diverse selection of affiliate products. 

Adding more products to your portfolio can attract a wider audience and increase earning potential.

And more quality content and optimized promotion strategies can help scale your income as your reach expands.

Passive Income

Affiliate marketing can generate income while you sleep. 

Once your promotional content is up and running, it can keep earning even when you’re not actively working on it. 

But it’s not a get-rich-quick scheme. 

You need consistent effort and time to build a successful affiliate marketing business.

Types of Affiliate Marketing

There are three primary types of affiliate marketing: unattached, related, and involved. 

Unattached

Unattached affiliate marketing is the most basic form. 

Here, the affiliate has no connection or authority in the niche of the product or service they’re promoting. 

They use channels like PPC (pay-per-click) or platforms like Facebook Ads to drive traffic to their affiliate links. 

It’s a hands-off, low-commitment approach where the affiliate doesn’t need to be an expert in the product’s niche.

An example of unattached affiliate marketing could be an individual running ads for a fitness gadget they’ve never used. 

They’re directing clicks to the merchant’s sale page without personal endorsement or product testing. 

In related affiliate marketing, the affiliate has some authority in that product or service’s industry but isn’t deeply involved. 

They have knowledge of the niche, which aids in promoting the product. But their endorsement isn’t based on personal use.

This model benefits from an increased level of trust from the audience, as the affiliate is viewed as a reliable voice in the niche. 

For example, a related affiliate could be a fitness blogger who promotes nutritional supplements. 

Their content about health and fitness naturally aligns with the supplements. Which makes the promotion seem more relevant and trustworthy.

Involved

Involved affiliate marketing is when the affiliate has personally used the product or service. 

It’s a personal endorsement. 

This type of affiliate marketing builds trust with the audience. And can lead to higher conversion rates.

Think of a tech gadget reviewer who personally tests devices and shares comprehensive reviews and usage tips. 

Their insight and reliability can help influence their audience’s purchasing decisions.

For the purposes of this article, we’ll focus on related and involved types of affiliate marketing.

How to Start Affiliate Marketing

Here’s how to start affiliate marketing in a few key steps:

1. Choose a Niche

Your niche is the specific market you want to target. 

For example, sports nutrition supplements, tech gadgets or home gym equipment. 

Choose a niche that aligns with your interests and expertise. You’ll be more successful in marketing products or services that interest you. 

And it’ll be much easier to create content and engage with your audience. 

Next, research the popularity and market demand of your niche. 

Start with a tool like the Keyword Magic Tool to find keywords with high search volumes in your areas of interest. 

Keyword Magic Tool results for running shoes

Google Trends can help you analyze the popularity of search terms over time. 

running shoes term shows stable popularity

Choose a blog niche that’s not just a passing trend. But one that has the potential for sustained interest and growth over time. 

2. Build a Simple Website

Your website is your online storefront. 

It’s where you’ll promote affiliate products and engage with your audience. 

When building your website, focus on following SEO best practices, creating a user-friendly design, and providing valuable, quality content

To attract and retain your audience. 

But remember: Your website doesn’t have to be perfect right away. 

Just get it up and running. And continually improve it over time. 

3. Choose an Affiliate Program

Finally, choose the right affiliate program for you. 

Look for programs that offer products relevant to your niche. 

Consider factors like commission rates, payment terms, and the program’s reputation. 

For example, you might prefer a fixed commission rate, like Semrush’s Affiliate Program. Which pays $200 for every sale and $10 for every free trial sign-up. 

Or you might want a percentage commission from sales, like Amazon’s affiliate program, Amazon Associates. It pays up to 10% from qualifying purchases and programs. 

Research and compare. 

Focus on payout methods, the level of support provided, and any resources available to help you promote. 

How to Make Money with Affiliate Marketing

Making money through affiliate marketing involves multiple steps beyond just joining a program.

Let’s explore how to earn money with affiliate marketing:

1. Create High-Quality Content

Your content should be relevant, engaging, and useful. Ensure it’s well-researched, well-presented, and tailored to your audience.

Start by identifying topics your audience cares about. 

Work to understand their needs and interests. To create content that resonates with them. 

Topic Research helps you generate ideas.

Enter a broad topic to see tons of related subtopics:

topic ideas for the term running shoes are perfect fit, running shoes for flat feet, and running shoes with wide toe box, etc.

Toggle the trending subtopics slider to see the most popular subtopics over the past 60 days.

flame icon with" trending subtopics first" text followed by toggle button

Click on any card to see popular headlines, related questions, related searches, and more. 

popular headlines, related questions, and related searches

Use these ideas as a starting point for creating your content. 

2. Promote Relevant Products

Promote products that align with your audience’s interests, needs, and pain points. Relevance boosts engagement and trust.

For example, if you’re a fitness blogger, you could promote fitness equipment or health supplements. 

But don’t promote simply for the sake of promoting and trying to make more money.

Choose products you’re genuinely interested in or have experience with.

Sincerity goes a long way. And translates into more convincing promotions.

Plus, product mentions should feel natural and add value to your content.

Work to integrate them seamlessly and naturally. 

Blend mentions within valuable content to avoid making your content feel overly promotional.

Like this Runner’s World article about the best gifts for runners:

best gift four is sunglasses and a button to shop on amazon. the button is an affiliate link.

Strike a balance between informative and promotional content. 

Provide value first and promote products second.

Readers are more likely to follow your recommendations if they believe in your honesty and integrity.

3. Optimize for Conversions

Optimizing for conversions, or conversion rate optimization (CRO), involves using tactics to increase the percentage of visitors who convert on your site. 

Like making sure your pages match search intent (the reason behind a user’s query). 

For example, if someone searches for “best running gear,” they likely expect to see websites that compare and list different types of running gear. 

If they land on a page selling one pair of running shoes, they will likely leave. 

Quickly check any keyword’s search intent with the Keyword Overview tool.

Like this:

best running gear has commercial search intent

Also test different calls to action (CTAs). 

For example, instead of just having a banner at the end of a blog post, add buttons or in-text CTAs.

three similar landing pages with calls to action in the middle of an article, at the end of an article, and on the side bar.

Give visitors multiple chances to convert without overwhelming them. 

A/B test different variations. Tweak the CTA copy, placement, size, design, font, etc. 

See what performs the best. And double down on it. 

4. Understand Your Target Audience

This is a crucial step because it allows you to tailor your messaging to your audience’s pain points and needs. 

One2Target reveals insights about your audience. 

Here’s how:

Enter up to five competitor URLs and the tool will provide information about their audience’s demographics, socioeconomics, and online behavior. 

audience report shows audience age and gender

Then, use these insights to tweak your messaging.

For example, you may find your target audience is mostly young college students. 

The messaging for them would be starkly different from that directed at working parents. 

You can also survey your current audience and directly ask them what they want. 

Or leverage social media, forums, and online communities to learn about your audience’s interests and needs. 

subreddit for running shoe geeks with a thread about the importance of fancy running shoes

See what they talk about, their likes and dislikes, their frustrations, and their feedback. 

Listen carefully.

And use the insights to inform your content strategy. 

5. Leverage SEO for Success

Search engine optimization (SEO) is crucial to succeed in affiliate marketing.

It can help you rank higher in search results. Which means more visibility and more organic traffic to your affiliate content. 

Like this:

Start by conducting keyword research.

To help you find and analyze what your audience is searching for. 

For example, say you want to create a blog post about the best gifts for runners to promote affiliate links. 

Enter a seed keyword (broad term from your niche) into the Keyword Magic Tool to see hundreds of related keyword ideas. 

Keyword Magic Tool results for best gifts for runners

You look at the results and realize maybe one blog post isn’t enough. 

Then, create more blog posts (and promote even more products) for more specific keywords like “best gifts for trail runners,” “best gifts for marathon runners,” “best gifts for new runners,” and others. 

“best gifts for trail runners,” “best gifts for marathon runners,” “best gifts for new runners" and other results with their metrics

Use the insights from your keyword research to create content that meets your audience’s needs. 

Then, apply on-page SEO techniques to optimize your content. 

This includes strategically placing target keywords and optimizing meta tags, internal links, URLs, and images. 

Get quick, actionable on-page SEO optimization ideas for your site by running it through On Page SEO Checker.

overview of total ideas ranging from strategy, backlinks, serp features, content ideas etc.

Head to the “Optimization Ideas” tab and click the “# ideas” blue button to see recommendations for that specific page. 

three optimization ideas are ready for a page on the best reebox running shoes

You’ll see information about each recommendation. Plus details about why it’s recommended. 

content optimization ideas include making text more readable and proving more relevant meta descriptions

Another way to leverage SEO is to build backlinks. 

A backlink is a link from another site to yours. Backlinks can help you increase brand awareness, drive traffic, and improve your SEO performance. 

Why?

Google sees backlinks as recommendations from other sites. And, generally, the more relevant backlinks a page or site has, the more trustworthy it’s perceived to be.

If you create high-quality content, you’ll likely earn backlinks naturally. 

But there are several link building strategies you can use, too. 

One of the most common is outreach. This means reaching out to other sites and asking for a backlink. 

Outreach is important because people can’t link to your content without discovering it. Even the best content needs to be promoted to attract links. 

To find prospects, use the Link Building Tool

Add your target keywords and the competitors you want to outperform. And the tool will provide a list of sites you can reach out to for backlinks. 

Like so:

link building prospects include goneforarun.com and rokslide.com

There are tons of other SEO techniques. But follow the ones above to get a solid start. 

6. Diversify Your Marketing Channels

Using different channels enhances your affiliate marketing effectiveness.

Meaning: Don’t rely on SEO alone. Or don’t just run ads. 

Also use social media and email marketing, for example. 

Select channels that match your audience’s preferences and your content’s strengths. This ensures your promotions resonate and engage effectively.

Let the channels you use complement one another. And use them to reinforce your promotions across different platforms. 

In affiliate marketing, using the right tools can make a big difference. 

They can help automate tedious tasks, track performance, and make data-driven decisions. 

For example, use a PPC tool to help you choose the right keywords to target and spy on competitor ads. 

over 800 ad copies shown for nike ads on desktop

Or a social media tool to help schedule posts, monitor performance, and benchmark against competitors. 

engagement data for the brand on facebook

And some platforms, like Semrush, make it easy by giving you access to dozens of apps all in the same place.

One Semrush account will give you access to more than 55 tools and reports.

Plus, you can explore the App Center for additional marketing tools that cover an even wider range of needs.

Sign up for a free (forever) account. Or try a free seven-day trial of a Pro or Guru plan.



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