10 Affiliate Marketing Strategies that Actually Work in 2024

Today, most profitable companies have affiliate marketing programs where they pay affiliates to drive sales, traffic, or clicks to their website.

Part of the popularity of affiliate industry is due to the fact that it really works in generating brand awareness, driving sales, and generating passive income.

Affiliate marketing contributes between 5% and 25% of major brands' total internet sales (AffiliateWP). Every year, affiliate marketing's total revenue increases by 10%.

Do you want to become part of it? Start by establishing an affiliate marketing strategy with a long-term goal.

This article explains how to do that, as well as the 10 most important steps to take to make sure your affiliate marketing career is successful.

10 Best Strategies for Affiliate Marketing that Actually Work

Some people start affiliate marketing without thinking of their next steps.

But since the industry is so saturated, you have to plan your affiliate marketing strategy ahead in order to stand out and make a profitable business.

Below, we break down the most effective strategies to use as an affiliate:

1. Choose your niche

This is the first and the most important step when creating a successful strategy for your affiliate marketing business. Make sure you identify current market demand and connect it with your passion and interest.

After you settle down with your subject and area of expertise, come up with a list of topics you're interested in and use tools like Google Trends or SEMrush to determine their popularity.

It's best to look for a niche with moderate competition because too much competition makes it tough to stand out while too little can indicate low demand. Evaluate whether the niche has depth, meaning it should offer various products and subtopics for long-term engagement.

Don't forget to research forums like Reddit and Quora and relevant social media groups to see what questions and problems people have in that niche. Their pain points will guide your content strategy.

The last step is to formalize your niche by detailing your target audience demographics and psychographics. Create your own ICP to make sure your content caters them in an engaged and personal way.

2. Build your audience

Building your audience is the backbone of every marketing affiliate strategy.

While in unatached affiliate marketing, you don't have to engage with your followers personally, in involved affiliate marketing it's the opposite.

All your focus should be shifted on audience engagement.

Make sure you learn about affiliate marketing types, the differences between them and how to choose the right one for you.

Your goal is to build your trust, authority, and reputation, which will boost your passive income since people will be more willing to make purchases.

Here are the main steps in building an audience as an affiliate marketer:

1 Step: The first step is to build your audience by finding new buyers and their emails with lemlist's database of over 450M contacts. Then personalize at scale your emails to send valuable affiliate offers to your followers.

Email list segmentation based on your audience behavior and preferences is crucial in effective campaigns. Remember, your content must be both personalized and relevant so wise to avoid generic content for the sake of just posting something.

2 Step: The next step is to send our regular newsletters using an email marketing platform like Mailchimp. Offer a valuable lead magnet such as a free eBook, checklist, or webinar to incentivize subscription.

3 Step: Finally, engage your audience in order to build stronger connections. To do so, make sure you:

• post on a consistent schedule
• interact through comments, likes, and shares
• run polls
• ask relevant questions
• host live sessions and webinars
• segment your email list

3. Use SEO to drive traffic

SEO (Search Engine Optimization) is crucial for attracting organic traffic.

SEO is especially relevant for the unattached affiliate marketing type. It's when you promote products or services without having any personal connection or expertise in the niche.

Begin by performing comprehensive keyword research using tools like Ahrefs or Google Keyword Planner.

The common practice is to focus on long-tail keywords since they are less competitive and more likely to convert. It's also important to optimize on-page elements such as titles, meta descriptions, headers, and alt text for images.

Create backlink-worthy content (learn how to get backlinks) so other websites will link to you. It will improve your domain authority. Regularly update older content to ensure it remains relevant and accurate. ‍

Use a mobile-friendly and fast-loading website design to enhance user experience, both of which are critical SEO factors.

Don't forget to monitor your SEO performance using Google Analytics and Search Console, and adjust your strategy based on the data.

4. Use a multichannel strategy

Relying solely on one traffic source is risky.

That's why it's crucial to use multiple social media platforms like Facebook, Instagram, and LinkedIn at once to drive traffic to your website or landing pages.

‍Here's how you can use multiple communication channels to enhance your affiliate marketing:

• participate in online forums and niche-specific groups to promote the content organically (Reddit and Facebook)
• guest post on high-authority blogs to draw new followers in
• collaborate with other influencers in your niche to widen your reach
• retarget campaigns and follow up on your website visitors
• add paid advertising options (Facebook Ads and Google Ads) for targeted outreach
• share product or service reviews on your social media channels
• use social selling tactics using LinkedIn or Taplio
• find new potential buyers and constantly build your email list using tools like lemlist

5. Join the right affiliate program

This may sound like a no brainer, but it's a very important move.

Your affiliate marketing career will fail if you join the wrong program in the first place.

To make sure you start from the right page, make sure to:

• choose the affiliate program that alligns with your chosen niche
• research the reputation of the affiliate program
• evaluate the comission structure
• never skip carefully reading terms and conditions
• consider the payout frequency and the percentage
• monitor your performance and adapt accordingly
• automate manual tasks to save time and resources
• test the product or service yourself (ask for a demo) so you can be authentic about your promotions
• make sure your values and interests align with the values of an affiliate program

6. Analyze data and analytics

No decision can be better than a data-informed decision. Why? Because you can be sure it works.

Analytics tools like Google Analytics and Hotjar can provide valuable insights into your audience's behavior and preferences.

Start by setting up goal tracking to measure conversions and other key actions on your site:

• monitor metrics such as user demographics, time on page, bounce rate, and exit pages to understand your audience better
• analyze which types of content or products drive the most engagement and conversions
• use A/B testing to experiment with different headlines, CTAs, and layouts to see what performs best
• adjust your strategies based on the data to optimize your campaigns continuously
• implement tracking pixels and UTM parameters to get more detailed insights into the performance of your affiliate links

7. Create effective CTAs (Call-to-Actions)

Effective CTAs can significantly improve your conversion rates.

Clearly define the action you want your audience to take, whether it's clicking an affiliate link, signing up for a newsletter, or downloading a resource.

Use action-oriented language that creates a sense of urgency, such as "Get Started Today" or "Don't Miss Out." Place CTAs strategically within your content, ensuring they are visible but not disruptive.

Experiment with different styles—buttons, text links, banners—to see which resonates best with your audience. Ensure that your CTAs stand out visually, using contrasting colors and clear fonts.

Test different messaging and designs using A/B tests to determine what works best for your target audience.

Keep refining based on performance metrics to enhance their effectiveness continually.

8. Earn trust

This strategy is closely tied to audience engagement, but it's focused on the long-lasting goal. Trust is the backbone of affiliate marketing success; without it, conversions plummet.

Here's how you built trust in affiliate marketing:

• be transparent about your affiliate relationships
• only promote products you believe in or you like
• share your personal account of using a service or product
• don't hide negative impressions about using a service or product from your audience
• when giving a review, include genuine pros and cons (people want to know the full picture)
• prioritize your audience over short-term financial gains
• use testimonials and case studies for social proof and credibility
• invest in the well-being of your followers (address their frustrations, answer their questions, and make sure they truly benefit from your affiliate links)

9. Stay updated with your industry

The digital marketing landscape is changing all the time. That's why you have to work on your own skills and expertise in order to share it with others.

Nobody is going to buy through your affiliate promos if your industry knowledge is outdated. Make sure you:

• subscribe to industry-leading blogs and newsletters
• participate in podcasts
• attend webinars, workshops, and conferences
• join the industry network
• follow influencers in your niche for the first-hand insights
• follow emerging trends and real-time updates
• invest in your own ongoing education
• see market changes as new affiliate opportunities

10. Create WOW content

The last strategy sounds like a cliche, as you have heard it many times before.

But creating truly good content is easier said than done, that's why marketers keep reminding themselves of this rule.

The truth is, high-quality content serves as the foundation of successful affiliate marketing. There are no workarounds about it.

Here are some of the best practices to great good content as an affiliate marketer:

• stick to a consistent publishing schedule
• build habits in the ay you engage with followers
• integrate affiliate links naturally into your content
• use high-resolution images, infographics, videos
• make content digestible, not shallow (work on formatting)
• work on clarity and readability (Grammarly and Hemingway can help)
• learn to build actionable hooks to encourage clicks
• stick to your niche
• stay truthful about your content

Inserting your affiliate links here and there will make them look like blatant promotions.

When creating good affiliate content, you must carefully think of how, where and why your links land in a piece of content.

Whether it's a Youtube video, a LinkedIn post, or a story on Instagram, the affiliate links have to be added in a relevant context with an engaging hook or an interesting story.

Key Takeaways

You can do affiliate marketing without a strategy, but you won't get far.

As an affiliate, you can be middle-man where you simply share links and paid ads with hopes of landing some sales, and earning easy money.

But that's not sustainable. In the long run this type of affiliate relationship (known as unatached affiliate marketing) can cost more money than you earn.

Building a profitable affiliate business needs strategizing. The best practices are:

• Choosing your niche and the right affiliate program
• Engaging your audience in a truthful and authentic way
• Delivering content that's both genuine and personal
• Being fully transparent about your affiliate relationship
• Using multiple communication channels to promote your affiliate links at once
• Staying updated with your industry trends
• Focusing on connecting with your audience rather than short-term gains
• Being open to constant changes and ready to adapt to new industry trends

The best strategy in affiliate marketing is to combine all the tactics listed in this article into one robust affiliate marketing strategy.

Whatever affiliate strategy you choose, it will take time, effort, and constant work to make it work.

After all it's worth it, since affiliate marketing is very profitable career if done right. More than 15% of people who do affiliate marketing earn over $50,000 of passive income.

That means they can make money anywhere and at any time, even when they are asleep.