Soaring energy bills, rising food prices and unregulated rents – it’s definitely a tough time to survive as an international student. Taking a part-time job might not be feasible if you’re neck deep in your studies, but luckily there’s another option to work on the side: making money with affiliate marketing.
You may have heard of this term associated with generating passive income, but how exactly does it work? It’s a great way to make money if the prospect of physically showing up for work doesn’t sound too appealing, but that doesn’t mean no effort is required on your part.
The fast breakdown
An easy Google search for affiliate marketing will bring you a lot of information that can be overwhelming. Simply put, it’s just a way to make quick money by recommending products or services through your online platforms, such as social media or a blog.
Think of it as an advertising strategy and you relay the message between merchant and customer. Every time someone makes a purchase through an affiliate link on your blog or social media post, you earn a commission that goes straight into your pocket.
Sound easy enough? Not so fast.
Earning Money With Affiliate Marketing: The Key To Success
If cashing out a huge sum of money was as easy as a few clicks, you probably wouldn’t need to study for a degree right now. It takes a little patience to learn the ropes as a beginner, but with the right understanding and the right strategies, it won’t be long before the money starts rolling in even when you’re asleep.
Build your audience
You don’t have to be an influencer to start making money with affiliate marketing. What you need to do, however, is assess the existing subscribers or audience you have through your online presence and observe their spending habits.
For example, as a college student, your circle of friends or Instagram followers would likely come from people of similar age brackets. This means that they will be spending like a student and most of their spending will go to food, books, school supplies, clothing, and maybe even online courses on upgrading.
From there, it would make sense for you to sign up for affiliate programs on popular websites most used by students, such as Amazon, so you can earn more commissions through higher click-through rates. students.
If you already run a blog, you can create content relevant to the products you’re promoting, so you can start monetizing while growing your audience.
How can I start?
As a beginner, you may not have built a large audience base yet at the start of your journey.
If you’re testing the waters to see if this is a side hustle you can get into, Amazon’s Affiliate Program is by far the most recommended program you’ll find for beginners and is the one of the largest in the world. You can register here, take a few steps to register and get the links to products that you can easily sell to your friends.
You will notice that Amazon asks you to enter your website when you sign up for this program. You don’t actually need it – just provide a link to your social media account which is frequently updated and has the most followers.
Commission rates are relatively low, so be patient when starting out. Promoting everyday items gives you the opportunity to earn more volume, so keep going while you learn how to make money with affiliate marketing.