How to Make Money on Autopilot With Affiliate Marketing
Affiliate marketing is a huge business. When someone clicks on that link and makes a purchase, or signs up for whatever reason, then you’ll get a commission. It’s a great way to make passive income, and it’s free to get started.
The best thing about this type of marketing is that you don’t need a large audience to make money on autopilot. Once you have a website or a little social media presence, you can start finding affiliate programs to join.
While this post is about choosing the right affiliate marketing program for monetization, here’s how you can make money on autopilot with affiliate business:
- Do your research and understand your audience.
- Start helping your audience by creating content.
- Select the right product or service to promote.
- Promote affiliate products or services in your content.
- Grow your affiliate marketing business with CRO techniques and emails.
How to Choose Affiliate Program to Make Money on Autopilot
Choosing an affiliate marketing program to make money on autopilot sounds great but can be challenging as well. So many products to review and so little time, you ask yourself. There are hundreds of affiliate marketing offers but not all of them will get you bucks while you sleep.
There are 3 major things to consider when choosing a service or product to promote.
- Ask yourself this: Is it easy to migrate to another service?
- Choose a product or service that has substantial affiliate assets.
- Pick a service or product people already love.
The affiliate program you choose should fulfill the needs of your audience and fit into your comfort zone as well. Let’s understand these things in detail now.
1. Ask yourself this: Is it easy to migrate to another service?
When choosing a product or service, you must consider the attachment rate. It’s the rate at which people stick with the products or services.
Let’s say you choose an email hosting service after careful consideration. You are less likely to switch to another service if you have collected tons of email addresses using that service.
The same is the case with hosting, you’ll probably not migrate to another hosting until there’s a huge performance gap. This is where the attachment rate comes to play.
An affiliate program where people are less likely to migrate has a higher chance of making you money on autopilot. Why? Because if they don’t migrate, the number of people using the products or services will be high. And this increases your chances of earning through that particular service for a longer time.
For example, GetResponse is an email marketing tool that gives you a 33% recurring commission. It means you will be paid 33% of the plan as long as your referred customer keeps paying for it.
And don’t worry, customers keep paying for a reliable email marketing service like GetResponse or Convertkit The attachment rate of these services is usually high. And that’s what you want!
So once you’ve referred a customer, you’re likely to get paid for years. Isn’t it awesome? And in case, you don’t want to enjoy a recurring commission, you can also go for an upfront commission of $100. Not bad, right?
2. Choose a product or service that has substantial affiliate assets.
Whenever I choose an affiliate marketing program to join, I always see if it offers creatives to promote. Creatives or affiliate assets are promotional banners or images that you can use on your website.
For example, when I chose TubeBuddy as my affiliate program to promote, I was able to add ready-made assets to my blog to earn commissions. They gave me a code to copy and paste to showcase their offers.
In this way, I don’t need to create new custom assets or creatives from scratch. Otherwise, it would have taken tons of my time.
I would recommend you to stay away from affiliate programs that don’t offer ready-made creatives. It’ll be better for you if you can promote a product or service without spending too much time on design.
3. Pick a service or product people already love
That’s probably the most important aspect when choosing an affiliate product or service. Only a trusted affiliate marketing offer will bring in revenue in the long run.
So when you choose a product or service, it must be something people already love. If not, you will have to work hard to convince them, which might prove hard in the beginning. You don’t want that.
And that’s not the end but the start of bad things. You’ll eventually lose your audience’s trust when you refer to something bad. So you must ensure people need the offers or products to make money on autopilot.
You want people to love it, don’t you?
For example, I have chosen Systeme.io because online entrepreneurs and digital marketers love it. It’s an all-in-one system to start your online business with a bang. Systeme.io provides you with a website, email marketing, funnels, and whatnot!
Let me give you another example here. I already told you that I referred 378 customers to Converkit. And after a few days, I checked out that nobody canceled the plan. That’s the power of a high attachment rate and people’s trust in the product or service.
You understand how important it is to check reviews and ratings before you join an affiliate program, right? That’s why I encourage you to do the same for every product or service you promote as an affiliate.