How to Make Money on Amazon in 2024, Amazon Affiliate Marketing Explained

Learn how to get started with Amazon Affiliate Marketing!

Everyone dreams of earning passive income while sleeping. It sounds perfect when you hear people earning top money but it is easier said than done. If you are ready to put in the effort then you can monetize your online presence through Affiliate Marketing. And today we are here to tell you how to make money on Amazon in 2024 via Affiliate Marketing.

What is Affiliate Marketing?

Affiliate Marketing is basically promoting other people’s products or services in exchange you get a small commission for every sale you make. There are many affiliate programs or networks out there where you can register and promote products or services through affiliate or sponsored links.

One such program is the Amazon Associates program. It is easier to promote products from Amazon as it is the largest and most trusted e-commerce platform.

What is the Amazon Affiliate program?

Amazon Affiliate program also known as Amazon Associates is one of the largest affiliate marketing programs in the world. Content creators, influencers, YouTubers, and Bloggers monetize their traffic with millions of products on Amazon. It’s easier to do so if you already have a good trustworthy image online.

How much money can you make with the Amazon affiliate program?

You will get a percentage for each item sold through your affiliate link. Anything that a user buys within a 24-hour period or 30 days in case an item is added to their cart via your affiliate link, will result in you receiving the commission for that sale.

There are different commission rates for different category products. Your earnings will depend on the traffic you get and how many people buy and spend money via your referral link.

amazon affiliate payout rates

Note: You are advised to read Amazon Associates Program requirements and guidelines carefully. There can be many factors affecting payouts and there are minimum payout limits as well which need to be fulfilled in order to start making money with Amazon.

How to make money with the Amazon Associates Program?

Deciding Your Niche:

Even though people buy almost everything on Amazon, promoting beauty products when your site is about tech isn’t a very good idea. If your site is an authority in the tech domain then promoting tech products will be easier as people are mostly looking for a product review when they have the intention of buying.

So promoting unrelated items to your niche doesn’t make sense because no one would spend time reading a review of a product they have no intention of buying.

Keyword Research:

The first thing you should do after deciding on a niche is to perform keyword research on the product you are going to promote. You can use tools like Google Trends to determine the search volume of a keyword and decide whether the product is worth promoting or not. If your site already has a large following then you can use your influence to promote a product.

Mediums of Promotion:

You cannot depend on just blog posts for promotion. You have to keep innovating with different types of content whether it is Blogging, Video content, or social media in order to attract a new audience. There are dozens of ways you can endorse a product in an engaging manner.

Affiliate Marketing Funnel:

You only receive a commission when someone actually buys from your referral link. So, just having traffic is not important but converting traffic into buyers is important.

So, remember that anything a user buys within a 24-hour period or 30 days if an item is added to their cart via your affiliate link The buyer’s journey is divided into four key stages

  1. Awareness – This is where prospects become aware of the product or service they need.
  2. Consideration – They start to learn more about possible solutions that the product or service offers.
  3. Conversion – They decide to buy a product or service.
  4. Loyalty – When buyers come back and use the product or service again.

So a good funnel is essential to convert traffic into buyers.

Honesty and Trust:

This is very important, you should never promote anything that you would not buy for yourself. You must always remain honest when you are reviewing any product. If people trust you then they are likely to buy products from your referral link this is why trust is important.

Conclusion

Once you have all of these basics in place then you can start earning via the Amazon Associates program. Make sure to only recommend good products to your readers/audience as that leads to further trust building and more repeat sales in the future.

Never try to increase your sales via Dubious methods as Amazon is known to have very tight terms and conditions and they might ban such Associate accounts that drive traffic to product links through questionable means. 

We hope you found this guide informative, in case you have any doubts regarding the same then do let us know in the comments below!

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Sukhdev has a passion for sharing insights and experiences on a wide range of topics from technology to personal development!


How to Make Money on Amazon in 2024, Amazon Affiliate Marketing Explained

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