10 Lucrative Affiliate Marketing Business Ideas To Start In 2020

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Affiliate Marketing Business Ideas: Introduction

 

Welcome to this article on affiliate marketing business ideas.

If you feel like you are ready and have the required knowledge to start affiliate marketing, but you are not quite sure about how you want to do it, then this post will be for you.

In this post, you will learn 10 different affiliate marketing business ideas that work, alongside some description and information on each one. So, hopefully, you will be able to choose one and get started pretty soon with the information that I provide. 

Now, you will of course still have to do some research, but I think that’s self-explanatory as affiliate marketing is a business.

If you do enjoy this article, make sure to leave a comment and/or share it! Enjoy!

10 affiliate marketing business ideas

Finding The Right Idea For You

Before we go into all the affiliate marketing business ideas, I just wanted to give you some guidance on finding the right method for you. 

So, before you pick a business idea that you want to start, you will want to make sure:

  • You have some interest in the niche. Or, at least you could build something around it for a long time and keep learning. 
  • You understand how long it will take to get off the ground.
  • You have the required budget. 
  • Your mindset is in the right place. 

These things are really important, so make sure you have researched the business idea well to know that you are ready for what’s coming. With that being said, let’s have a look at these affiliate marketing business ideas. 

10 Affiliate Marketing Business Ideas

Next to these best affiliate marketing business ideas, you may also like the weirdest affiliate marketing strategies. 

1. Amazon Associates Niche Site

Our first affiliate marketing business idea is creating an Amazon associates niche site.

It doesn’t necessarily have to be Amazon products that you are promoting, but it is the most popular affiliate program that is usually used. 

To do this, you just need to pick a niche of products that are available on amazon and then build a niche site around those products. 

For example, let’s say our niche is jetskis. You could build an entire site around jetski’s and add posts such as top 10 jetskis and stuff like that. If you write high-quality content (better than everyone else for the targeted keywords), do some basic SEO and stuff like that, you will eventually rank. 

The advantage of a niche site like this is that once you get traffic and build it up, you can just leave it and it will create passive income for you.  At this point, you can just move onto another niche and build out a new site. 

If you are interested in this sort of method, I recommend checking out Income school on YouTube.  This is something that they specialize in and teach a lot, so it’s a good place to learn how to build these niche sites!

See an example of a greenhouse niche site.

Or… I also posted a thread that explains an easy amazon associates niche that you could check out too! (Woah, I learned how to embed a tweet, I feel special)

 

2. Comparison Site

Trivago?

Gocompare?

Those are affiliates! They allow users to compare different products/services and when the customer makes a choice, they earn a commission. 

You can do the same. Although, I wouldn’t recommend going into a niche such as “hotels” otherwise, you would be competing with big companies such as Trivago. Basically, meaning you would get 0 market share.

So, if you are going to make some sort of comparison site, make sure to put a lot of thought into choosing a niche so that you can find a niche that isn’t competitive. 

With that being said, this is a great affiliate marketing business idea!

3. Authority Site

In the third spot, we have building an authority site. 

This is where you really take your expertise and build a site around it that is seen as an authority in your industry. Sites like these take a long time to build up, but they are definitely worth it!

Some good examples of these kinds of sites are:

These kinds of sites take years to build up, but that doesn’t mean that you have to wait for years to make money. If you have the right strategy, helpful content and a good idea of monetizing your content, you can monetize your content in the first year. 

This is the kind of aim that I have with this blog too in the affiliate marketing niche. However, I know that I need to improve many aspects of my site to get anywhere close to those two examples above. 

Just note that before an authority site requires a lot of:

  • work
  • time 
  • effort
  • consistency

4. YouTube Channel

In our fourth spot, we have a good old YouTube channel. 

You could do this in various different ways and in various different niches. Maybe, pick a niche that you are interested in so that you can create a lot of content about it. Or, you could also try launch jacking.

The idea is always similar, you create content that builds an audience and then you create content around your affiliate products while linking to them in the description. 

YouTube is something that works in 99% of niches and it doesn’t just have to be the generic niches such as wealth, health & mind. Take the example below, the guy literally talks about vacuum cleaners with his amazon affiliate links. 

Affiliate Marketing business ideas example of a youtube channel

You could do this about anything. Greenhouses, boats, vape pens, etc. literally anything. When somebody types in “best” and then your keyword, there is a pretty good chance of making sales. 

Often, beginners go review the most popular product on ClickBank expecting to rank #1. If you are new, it’s not happening. Welcome to the real world. You need to go after something more specific and less competitive. 

Once you have made some money doing this for about two years, then you are a lot more experienced and you can come back into a money based niche without caring if you make money or not, just providing value and as time goes on, you will get the big bucks. 

5. Cashback Sites & Similar

Have you heard of those cashback sites?

You sign up and spend money at retailers they are partnered with, then you get a percentage of the sale back. Those are just affiliates. What they do is share the commission with the customer. In their membership area, they will have a list of retailers and a percentage of which they pay to the customer. 

For example: 

  • Puma 7% 
  • Nike 6%

When a customer then goes and makes a purchase using the link, then they will receive the 6%. Often, the retailer will pay out a 10-15% commission of which the rest is kept by the affiliate. There’s not much more to it, apart from the technical side of building the website/web application. Oh, and of course you would also have to look at all the legal stuff involved. 

With that being said, as I said earlier, you have to research before starting anything. 

6. Memes, Comedy, etc. 

In our 6th spot, we have memes, comedy, and similar social media pages. 

So, on social media platforms like Snapchat, Tiktok, Twitter, etc. you grow an audience in a niche that grows quickly and then you promote your affiliate offers. 

The thing about these pages is that you can grow them extremely quickly. This means you can get a lot of eyeballs extremely quickly. A lot of eye-balls = a lot of sales, if the product is a product that they would buy.

With this kind of audience, you probably should put a lot of thought into what you promote. Often, it could be trendy products or even CPA giveaways.

Here are some product ideas that you could promote:

  • Trendy giveaways
  • Trendy products
  • Trendy Apps that offer referral incentives.

For example, I believe cashapp and Monzo pay $5 or £5 for each referral. If you get 1000’s of views on a daily basis, you could probably make a full-time income promoting these. 

7. Build An Email List

It’s no secret… Email marketing drives a crazy amount of sales!

It’s no different in affiliate marketing, you build an email list and send automated emails. Again, this is something that can be done in any niche (assuming there is an audience and products to sell).

In case, you think no this sounds too hard & technical to build a landing page and send automated emails, it’s actually really easy. 

And guess what?

I have a guide on it here. In fact, you can start it all for free too. 

So, if you are a beginner and you want to get into affiliate marketing… start off my by building an email list! 

Once you get good at it, start making money and know your average lead value then you can start to scale through paid ads as well.

8. Get Good At Paid Ads

This is something that I do NOT recommend for beginners. 

You need a budget for testing, you will lose some of that budget first and it requires a decent amount of skills/experience. Plus, it could always go horribly wrong. 

However, there are so many ad platforms out there.

  • Facebook & Instagram ads
  • Google & YouTube ads
  • Pinterest Ads
  • Twitter Ads
  • And many more

All of these ads can be extremely profitable. So, you could learn about them, then test and gain some experience. However, make sure to research anything before you do it and make sure that you are aware of the risks involved too. 

I also honestly wouldn’t recommend a budget under $20 per day. However, that is just my personal opinion as I don’t want you to get burnt through running paid ads too early! Other content creators often say you can start with a lot less and they might be right!

9. Free Course + Recommendation

In our 9th spot, we have creating a free course. 

A free course on anything, but the twist is that you recommend a relevant product. For example, let’s say that you want to create a course on how to start email marketing. You could then recommend a piece of software that allows you to collect emails as well as send them. 

Another example is a free course on how to start and set up a blog in which you recommend your hosting company. 

This has the advantage of being a lot easier to convert. If you were to just create a course like this and sell it for $60-$100 if you are pretty unknown then chances are, you will get little conversions. However, if you create a free course it will be pretty easy to give away and you would actually get the same value off somebody who follows through with it. 

Most hosting companies pay $60 (or 100% commission of the first year) and referring people to your email autoresponder will have around the same value. You could even create an additional lead magnet for when people upgrade through your affiliate link. 

Maybe a copywriting course for emails in the email example, or a keyword research/SEO course in the blogging example. This can also work extremely well to build an audience. 

I would even go as far as saying that if you have a high-quality course, you will make more money by doing this than selling it for $60-$100. Why? 

Because people like free stuff, so it would be a lot easier to get a large number of people in it. 

10. Coupon Sites

Last but not least we have coupon sites.

Most companies that have affiliate programs will also have special offers, deals, and free trials. You can create a site around these sorts of offers and add buttons such as “activate coupon” with your affiliate links. 

If you put a lot of time and effort into it, you could definitely grow a big coupon site that also generates a lot of traffic from Google. 

You should also consider niching down into a very specific niche, as there are probably some quite big general coupon sites that you will have a hard time competing with. However, you could find a niche that gets quite a lot of search volume where nobody or not a lot of people have created coupon sites.

In this case, you will get a big percentage of the market share. 

This is just another way that you could actually do affiliate marketing, it doesn’t always have to be through the generic methods. As I have said about twenty times throughout this article, you will have to do a lot of research first, so do it! 

Final Words

I hope that you have enjoyed this article and found an idea that interests you.

If you did make sure to leave a comment and/or share the article! For the last three times, before you jump into one…

Research, research, and research!

Otherwise, you could waste a lot of time and/or money. So, you know what to do. 

See you next time!

 

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