It’s common knowledge that all businesses (online or offline), need tools and resources to run day to day operations. Some need more elaborate systems and some only need a handful. But there is a common misconception that to run a successful affiliate marketing business, you need to have a very significant budget and have a plethora of online tools.
This is mostly due to the heavy influence of what eager entrepreneurs read online and in truth, there are only 3 essential tools needed for affiliate marketing to operate your online venture.
1) Keyword Research Tool
In order to get started with affiliate marketing, the very first thing that you need to have is a niche that you plan to provide information and product recommendations for. To find a profitable niche, the very first critical tool that you were going to need is a keyword research tool.
If you’re not familiar with them, keyword research tools allow you to find out how many searches a specific word is getting on the search engines. This lets you know if people are interested in the niche that you are thinking about pursuing.
There are literally hundreds of different keyword research tools available on the market, and all of them do something just a little bit different from their competition. While you want to make certain that you have a quality keyword tool, it is important for you to remember that you can acquire one without investing a fortune.
I use two different keyword tools to check the profitability of a niche before I get started. Personally, I recommend the Jaaxy keyword tool as my favorite simply because of how much it really can do, and with recent updates it’s now offering more features than ever before. If you’d like to read more information about why I like Jaaxy is much as I do, feel free to check out the review that I created for it.
The other keyword research tool that I like to use included inside of the Wealthy Affiliate membership that I speak of in my top recommended product review. The tool that they offer is included to premium members, and even has a free trial available to starter members upon initial sign-up. To keep things simple, the keyword tool that’s included at Wealthy Affiliate can be a suitable resource when you’re just getting started.
Once you’re all finished with niche research and have picked your first profitable niche out, the second tool that you’re going to have to have to run a successful affiliate marketing business is a website. If you find yourself struggling with finding a profitable niche, I’ve got you covered.
2) A Website
While there are some people online that will tell you can run an affiliate marketing business with nothing more than a YouTube channel, I highly recommended that you have your own web property established to have more control over your business. This is because if you own your own website rather than using someone else’s platform such as YouTube or social media, you are at the mercy of the companies that own the sites for your income.
As you can imagine, this can result in a very bad situation when the online property owner decides that they no longer like your YouTube channel. You can literally see the earnings that you have worked very hard for disappear overnight.
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For that reason, it’s essential that you own your own web property and acquiring your own website is actually a very affordable endeavor. All you need to do is register your own domain name which will end up being your website’s’ virtual address. Once you have your domain picked out and ready to go, the very last thing that you’re going to need to succeed is web hosting.
3) Website Hosting
Domains, Websites and Web hosting can be a little bit confusing for a lot of people. Basically, you need to think of it this way:
- Your domain is the address of your home. It is where people will go to find you.
- Your website is the structure and inside of your home. It is where people will see your content and images.
- Your web hosting is the property that your website will be located on.
It’s very important that your web hosting can support all the visitors to your home, or website. There are many different hosting providers out there for you to choose from, and all of them seem to offer a little something different.
Just like the case with keyword tools, it can often be challenging to find the best one to get started with your affiliate marketing business. Thankfully, as with the keyword tool that Wealthy Affiliate provides, the premium membership also covers all your web hosting expenses.
If you’re looking for your own hosting provider, you can check out my article on the Top 3 Managed WordPress Hosting Providers.
(BONUS) – A Process
Okay, now you understand exactly what you absolutely must have to run a successful affiliate marketing business, I wanted to share with you a bonus option that you’re going to need to run your own successful online business. The fourth tool that you really should have to get started with affiliate marketing is a proven process.
You need to have the ability to find a plan that will help you create a business that will stand the test of time rather than struggling to get a website off the ground. The good news, there’s a very good process available to you. The process that I’m mentioning is the training and support at Wealthy Affiliate. You may have noticed that I’ve mentioned Wealthy Affiliate several times in this article. That’s because they include everything that you need to run your own successful affiliate marketing business, all in one place. Keyword tool, website builder, website hosting and a process to follow – all included.
Instead of having to search around to find all the tools that you need, you can find them all in one place along with a plan that will guide you on the path to successfully making money on the Internet.
On top of that, you also can engage with the community of like-minded people who are all wanting to succeed online. You can learn more about everything that Wealthy Affiliate has to offer by checking out my full review.