In reality, the percentage of people who are likely to click an affiliate link after reading a book review is pretty low. I put it around 1–3%. But let’s be generous and say 5%. Of that 5%, not all of them will make a purchase. In fact, in my experience, most don’t. For me, it hovers around 30–40%. Then take into account that, on average, you’re likely to fetch a commission of 4–6% of your reader’s total purchase, i.e. less than a dollar per book. It doesn’t take a maths genius to deduce that to make good money from affiliate marketing, you need a lot of engaged readers. Like, a lot a lot.
I truly believe that books can change the world. And the right ones can certainly change your business. The stories, ideas, and strategies in good books can ignite a fire in you and give you the tools to take your business and life to the next level. Today, I’ll share my ten favorite books for affiliate marketers…and show you how you can win the top five!
I’ll talk about adding advertising to your book blog in the next post in this series (hey, there’s no reason to limit yourself to one source of income!), but, in the meantime, you may want to check out How You Can Make Money Promoting My Ebooks (and other people’s too), a post I did a couple of months ago. It talks more about Smashwords, in particular, and how to find authors offering high affiliate percentages over there.
Posted in For Reviewers, Reviewer Tips and tagged affiliate links, affiliate links book bloggers, affiliate marketing, affiliate marketing book bloggers, amazon associates, blogging tips, book blog, book blogging tips, book depository affiliate, booktopia affiliate, grammarly affiliate, how much can I make through affiliate marketing, make money affiliate links, make money affiliate marketing, monetise blog. Bookmark the permalink.
Amazon Mechanical Turk is a service that lets you make money online through doing paid microtasks. Each task is something simple that requires human interaction like rating search results, checking for the right spelling on search terms, categorizing the tone of an article, or even basic translating. You can do these tasks from anywhere you want and make money online from the world’s largest e-retailer.
Mistake #2: Using the “They must not be my people” excuse to be spammy. I’m not a fan of this common tactic. Here’s how it works: people send a huge number of sales/promotional emails to their list with no warning and with no easy way to opt out. When people complain or unsubscribe, they put it on them (“Oh well, they aren’t my type of subscriber anyway…”), instead of taking responsibility for the spam (let’s call it what it is). What ever happened to “treat others the way you want to be treated”?
What this article teaches you is that if you produce something that is shareable and interesting, driving traffic to it is MUCH easier. You can use social media, you can run link building, you can share it on niche communities and nobody is going to ban it or downvote it. Actually, if your front end is great value, people will share it around without you asking. Then all you have to do is offer a free downloadable resource in this piece of content (that does not decrease its shareability as it's more free goodies) and THEN start selling via email follow up.