Let’s be honest: everybody dreams about passive income. Make money while you sleep. Isn’t this nice? So, to tell the truth, there is not so difficult. All you need is a site on the WooCommerce and WooBeWoo Product Table plugin. What’s next? Read in our post!
What is Affiliate marketing?
Affiliate marketing allows you to earn money by promoting another person’s or company’s products. According to a Wikipedia:
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts.
But there is not so simple. First up, you should know your audience really good, what they like, what dislike. The next thing is to know what you can promote, where you are an opinion leader. For example, if you are a beauty blogger, there will be a strange choice to promote cars. But the cosmetics brand is an excellent idea!
Why you should try it?
Affiliate marketing is beneficial for both brand and affiliate partner. The first one pays only for evidenced actions, making his marketing maximum efficiency. A publisher has an opportunity to earn money without providing any customer support or logistics.
- It accounts for 7.5% of total digital spend among retailers
- 81% of brands use Affiliate Marketing programs
- 38% of marketers call Affiliate Marketing one of the top customer acquisition methods
- Between September 2016 and September 2017 search interest in the term “affiliate marketing” has risen by 30%
- 20% of publishers’ annual revenue is generated through Affiliate marketing.
Affiliate marketing is beneficial for both brand and affiliate partner
How does it work?
In order to help you to understand the affiliate marketing correctly, we drew a scheme below. Let’s explore it step-by-step.
There are three parties participated in the Affiliate programmes:
- Affiliate partner (in our case it is you)
- Your website’s users.
The process has several steps:
- Merchant places the announcement about affiliate programme, published all the conditions
- Affiliate partner, then, generate a unique affiliate link
- Affiliate partner placed this link on his sources (the site)
- A customer makes an order
- Affiliate partner gets his commission.
There are several payments forms: per sale, per lead, or per click.
How to create the affiliate store using WooCommerce?
A lot of stores run with self-hosted WordPress.org. It is easy to use, moreover, there are a lot of customizable plugins and options. WooCommerce is one of them. So, the first thing you need to do in order to create an online store with affiliate products is to install and activate it. There are only 3 steps:
- Find the WooCommerce plugin
- Download it to your plugins directory
- Activate plugin.
After that, return to the Plugins and find a WooBeWoo Product Table plugin. Repeat all the steps described above, and let’s move on.
Create the affiliate product
WooCommerce has one unique feature: you need to prepare your products in advance before using them in the Product table. Users can make it in two ways:
- Create them manually
- Import from a CSV file.
Choose the most appreciable option for you. We will create the product manually. After clicking Add new button, you will see the opened window with empty fields.
The first block is a standard. Type here product title and description.
Then, go to the next block – Product data. And now attention! There is what distinguish affiliate products from the other. In the Product type field, select External/Affiliate product.
What is the External/Affiliate product?
External/affiliate product is a great way to add the products on your site that customers can purchase on another merchant site. Utilizing this scheme, you can easily make some extra income. The outside site takes care of all the conditions: logistics, inventory, tax, and customer service.
How to set up an External/Affiliate product?
In the Product data block, simply select the External/Affiliate product from the drop-down menu.
- Add the external URL to the product
- Write the button text
- Set the price.
Next, you need to fill other tabs:
- Linked Products
Read our previous blog post where we have described how to fill all these tabs.
After that, write the Short Product description, and Publish it.
Where to find the Affiliate programs?
Ok, now you can create an Affiliate product. But where to find the deals? Don’t worry! We have already prepared the list of affiliate networks:
- Amazon Associates
- CJ Affiliate
- Affiliate Window – (AWIN)
- Target Affiliates
- Skim Links
- Warrior Plus.
Select the best network for you and boost your sales to the moon!