There are plenty of categories and thousands of products and services that affiliate marketers can promote. For example, Commission Junction and FlexOffers list thirty categories including automotive, clothing, home and garden, insurance, legal services, and much more. Naturally, most affiliates select programs that relate to the themes and topics they cover on their sites.
At chadtennant.com, I write and make videos about online business, internet marketing, personal finance, and WordPress. Also, I dabble in self-publishing and e-learning. During 2014 and 2015, I promoted popular affiliate programs related to these topics. For instance, email marketing, website hosting, and social media services. Furthermore, I experimented with random programs.
Today, I’m much more aware of how much competition surrounds email marketing and hosting services. With so much selection and competition, it’s hard to attract enough interest, clicks, and conversions to make promoting these services worthwhile. Moreover, email marketing and hosting companies have become commoditized—widely available and interchangeable—which lessens their value propositions. This makes it harder to influence purchase decisions. For example, there aren’t many differences between AWeber and GetReponse or DreamHost and Bluehost except for pricing and minor details.
High Paying Affiliate Categories & Programs
I’ve learned a lot about affiliate marketing over the years and am more adept at selecting profitable programs and categories. Here are a few to consider.
Education and E-Learning Platforms
Human beings have been developing their skills since the beginning of time. Professional and personal development are things millions of people focus on daily. Also, learning is universal, so citizens in America want to learn just as much as individuals in Germany and Japan.
Online learning, training, and courses continue to be a hot affiliate category. E-learning affiliate programs are incredibly diverse given the many topics and subjects available in the marketplace. For instance, I can promote business and marketing courses whereas a fitness blogger can promote health, fitness, lifestyle, and yoga classes.
I’m currently profiting from CreativeLive, Coursera, and MasterClass. You can read my post for other e-learning affiliate programs.
Financial and Investing Services
Global remittance, sending money, and foreign exchange amount to a trillion dollar industry. Many individuals use companies such as Western Union, MoneyGram, and PayPal, but these companies don’t offer the best quotes and lowest fees. (See my post, “Cheapest Way to Send Money.”) I use, promote, and attract affiliate commissions from TransferWise. Also, I recommend Remitly for remittance activities.
Other profitable programs relate to credit cards, robo-advisers, and investment brokerages.
I don’t waste my time actively promoting WordPress hosting services anymore. The market is saturated and engulfed by hundreds of providers and thousands of affiliates. Additionally, I stay away from promoting themes because users can access thousands of fantastic free themes. I’m making money for a couple of premium WordPress plugin providers—Thrive Themes and Elegant Themes.
Thrive Themes is the best premium solution on the market. They offer a suite of lead generation and marketing plugins which include opt-in forms, landing pages, quiz builders, countdown timers, and so on. They have no competition given all the plugins and themes they offer so attracting sales is easy. Thrive Affiliates can earn between 25 to 50 percent per sale.
Elegant Themes recently enhanced the marketability of their site. Their Divi theme and plugins are very popular with WordPress users. Secondly, their opt-in form plugin—Bloom—is a close rival to Thrive Leads of Thrive Themes. In fact, I recently started using Bloom and love the product.
Bonus Insight: Lead Programs
Most affiliate programs require you to convert a sale to generate a commission. However, lead programs require you to get someone to sign up to earn. Since it’s easier to get people to sign up compared to getting them to buy something, payouts tend to range and might not be as appetizing. For example, Grammarly offers $0.20 per lead while Pluralsight offers fifteen dollars.
I like lead programs a lot because they help me to earn an extra $150 to $200 a month for not doing much work or convincing. Moreover, lead programs usually offer a sales commission structure on top of their lead base. Therefore, commissions can be made in two ways. Sweet!