Affiliate marketing is a serious business, if you are the successful business person and best affiliate marketer in your zone, I respect you and congratulate you, but we don’t have that ability to think where we should spend our money and how, as per records of 2016 around billions of money is invested here and there, according to the old records in 2011 Google wiped out many companies carrier in just one go we work hard as an affiliate marketer and we should know how to diversify our income streams.
Here are the 3 best ways through which you can diversify your income as an affiliate marketer:-
- Try to diverse traffic
If you work for organic traffic it’s pretty good for your website, as in organic traffic there is maximum number of chances of conversions, but I would like to mention that if Google makes changes in their algorithm then you may lose your ranking and you can lose your cash flow.
So anyways you can divide the system of traffic in different ways like:-
a) Promotion through social media
b) Paid ads
c) Offline Promotions
This is the perfect safety zone as if one stream gets dry the other one is there.
- Plan Vast line of products
If your affiliate marketing is based on selling one product, but what if your product price drops off or the demand become very low, so to be on safer side keep more products or a system of front-end to back-end sales system, in this sales team can earn more than expected. If you are selling a single product and the sale is going down this how you can provide the other range of products to your front-end customer.
- Several Niches
In affiliate marketing we deal with the products for we are not so passionate, so why not start another blog in a niche for which you are interested, you just need to manage if you are very busy you can outsource the new venture and stay free. Suppose you are interested in education business online, you can start that and if your business fails then you don’t need to worry as education business is there you can earn it from there, it’s better to have something in hand
than losing everything.