5 Alternatives of Affiliate Marketing That Earn You More Money
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Despite the fact that this platform is mainly for how to make money with affiliate marketing, I never imagine for one day that I’d be writing a blog post on 5 Alternatives of Affiliate Marketing That Earn You More Money . but here I am.
Top Affiliate Marketing Alternatives That Earn You More Money
You see in most of my posts, I’ve been expanding into how to make money online especially how to make money with affiliate marketing, new projects, new realms and what I found out was that there are going to be times where affiliate marketing will not be the best money making option for you. However, this has been a blessing because it taught me to explore and experiment with new methods that opened a lot of new doors.
Nevertheless, affiliate marketing is still one of the best ways to make money online, is still my primary way of earning money online, however, if you find yourself in the same predicament I did, here’re the 5 Alternatives of Affiliate Marketing That Earn You More Money you need consider and will help your online business thrive
5 Alternatives of Affiliate Marketing That Earn You More Money
Sponsorship
Online Coaching in specific niche
Creating Your own product and courses
Running display ads
Local marketing
Each of these 5 Alternatives of Affiliate Marketing That Earn You More Money is massive way to make passive income online without doubt, they holds a lot of online money making potential but at the same time require a lot of context and what I want to discuss is specifics on how each of this method works.
Start Sponsorship Site
You own a site that is getting a lot of visitors especially potential businesses that wish to promote their products or services on the platform in exchange of money. This where your revenue comes in, they ’ll pay you an X sum to do that, whether it be an advertisement or post you make promoting them which they will prepay for.
How the method?
The real key to making this work is being able to know much about SEO and how to drive a lot of traffic to your site and with that you can create a popular website that attracts a lot of audiences from Google or perhaps social media. This will inevitably attract the businesses too who see that they can get a lot of potential customers from your site.
How much can you make as sponsorship?
how much you earn will literally depends on the type of deal and company you work with. $100s or $1,000s being made of a single sponsorship is not out of the question.
Why is this alternative to affiliate marketing
For instance let say you own a different sites and one where it’s just too difficult to make affiliate sales. You’d rather replace it with somethings else that will earn you more money, this’s one of the best ways you can do that and the revenue is huge.
Online Coaching in Specific Niche
This is almost the same thing of creating online courses, but different is that the product is you and your guidance is being purchased.
Online coach
For instance Wealthy Affiliate own by Jay’s where you can learn about affiliate marketing and other stuffs how to make money online, you can do the exact same thing creating online courses when someone subscribe to your course you earn money ( there are good number of people who earn more in this field).
How the method?
This’s specially for people who have good in-depth knowledge in a specific niches, like hungry niche market field. We’re talking things like dating, making money online, affiliate marketing and/or perhaps personal training. These typically are popular niches for coaching.
How much can you make as online coaching?
How much you can earn as online coaching will literally depends on the number of clients you have, for example you set your price at the rate of $500 every single month and you have more than 100 clients, each pay you $500 every month you literally making $50,000 every month.
Why is this better than affiliate marketing?
It’s all about the value YOU deliver to your client. If you’re someone who has extensive experience and can offer 1 on 1 coaching to clients to help their business grow, Sky is the limit on how much you can earn.
Do Local Marketing
This method of earning more money online is more like affiliate marketing itself. the different is offering online service and physical service, Local marketing is all about you offering your help to physical businesses locally or anywhere to improve their online presence.
Local marketing
A lot of brand or businesses are happily hire professional SEO people, ad specialists and internet marketers in general to help their physical business attract more leads from the online world including Google, Facebook, Google Ads, Google Maps and et cetera.
How the method?
Is a no for me, because you don’t have to get knowledge of local marketing and depending on clients. Is quite difficult to find clients, most especially when it comes to charging them and then you also have to deal with potential hassles of getting calls all the time if they are unhappy. There are decent programs out there which help you with this including.
wealthy affiliate’s local marketing training which happen to be taught by the same Jay who is the owner of affiliate coach.
How much can you earn as local marketer?
Local marketer earn any where from $100 to $1,000 upward from each single client, whether one time or even a recurring income. We’re talking $100s and even $1,000s depending on the services. The bigger (or more) services offered, the more you can earn and if there are several clients, this earning potential exponentially increases.
Why this is more better than affiliate?
Honestly affiliate marketing is literally not for anybody If you are some who like 1 on 1 physical business in specific field you know you’re capable to offer, this’s a great means for you to start making money for yourself. without worrying about how to get high ticket product or service to promote, how to promote it et cetera.
Start Running Display ads
Display ads are third party programs like Google Adsense and other programs that place ads on your site and pay you either for each click the ad get, for the aim of targeting the site visitor or audience. There are basically 4 networks which are popular:
Ezoic Adsense, Mediavine and Adthrive (in ascending order). The way you get paid is through a model known as CPM which stands for cost per thousand, meaning how much you earn for every 1,000 visits your site gets.
How the method ?
This’s suitable for anyone with good SEO experience, if you know how to drive traffic to your site, Ads display on your site is great way to earn passive income online without promoting product or service.
How much can you earn?
A CPM set for $20 per 1,000 visits isn’t too bad and if your site manage to gets up to 100,000 visitors a month, that adds up to $2,000 in earnings. Is that good or bad? Well if you weren’t earning much with affiliate marketing on the site, then $2,000 in extra earnings a month sure counts for a lot.
Why is this model better than affiliate marketing?
Technically no, but there’s atom of circumstance in which it’s better than affiliate marketing, the best example you own a blog website where it’s difficult to promote affiliate products or services and you have a good number of visitors every single month and the best way to monetize your website is running display ads.
There are some niche that’s difficult to monetize through affiliate marketing like natural blog et cetera.
Such niche is difficult to monetize through affiliate marketing because most of there visitors there purpose is not to buy anything outdoor gear. if even you figure out the place they mostly visit when they come to your site and place affiliate link and product recommendation on the posts, the conversion rate won’t be awesome, might be 1 in 1,000 even if it convert the money is going to be pennies.
So the best way (in this case) to monetize such a site is through display ads which can earn a few $1,000 every month. At the same time, I can also make affiliate related posts (best hiking gear, product reviews, ect…) and monetize those separately.
Creating your own products and courses
This method involves you to know how to create your own eBooks, courses and products that share specific info on a particular topic you know a lot about.
create course
For instance, affiliate marketers can perform this type of method and make a lot of money by doing that you can create your own products and courses and promote it by yourself per click marketing and other similar thing, but make sure your courses are high ticket. And wait for the big earns.
How the method ?
It required you to have some skills to know how to create the product or course, then own a site and others means of promoting or marketing it through places like YouTube, Quora or even paid ads et cetera.
A big IQ to this working is finding a niche market that is in need of a solution so hungry niches or evergreen niche should be targeted. At the same time, you actually have to offer something of true value, and also be able to market or promote it to people so they see that too.
How much can you earn?
It’s limitless (technically). let Say you sell a course on how to do pay per click affiliate for $500 and you drive 10,000 visitors or more than to this offer and 20 people buy it. You’d be roughly making $10,000 in the process, but that’s considering you have no ad costs (are driving free traffic to the site). Most online courses require you to use pay per click ads to drive the visitors there and it’s not out of the ordinary if 50% of your revenue would go into paying for the ad (a $5,000 profit).
Why is this model better than affiliate marketing?
A lot of affiliate products or services don’t pay a lot in commissions, and/or perhaps you have a lot of knowledge to offer people. If you feel that is the case (the latter), then making a course sharing this on a topic where people gladly spend money on can net you a lot of earnings that are higher if you were promoting some affiliate product.
If you find this post helpful or got value from it let me know in the comment section below I’d be more than happy to interact with you.
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