Affiliate marketing is a billion dollar industry, but that doesn’t mean every affiliate marketer is making money.

To be successful in affiliate marketing, you need a well-planned strategy. Just jumping on the affiliate marketing bandwagon and then flying by the seat of your pants is not likely to work, at least in the long run.

If you want to strike gold as an affiliate marketer, you would do well to keep these 3 tips in mind.

Some Niches Generate More Revenues Than Others

Your choice of affiliate niche can have a bearing on your chances of success. Statistically speaking, certain niches have a better revenue generation record.

As you can see in the infographic below made by hostingtribunal.com, niches with highest revenue percentages, include telecom and media, finance, retail, and travel and leisure.

You may be able to earn more if you pick any of these niches.

That said, choosing a business niche about which you have in-depth knowledge is paramount. So if you are an expert in, say, gaming, you will benefit more from promoting gaming products.

Customers are more likely to listen to the advice and recommendations of a subject matter expert.

If you can convince your followers that you have great knowledge about what you are talking about and have the best interest of your readers in mind, they are more likely to do what you want them to do—click the affiliate link on your site.

Publish Great Content

Remember, we said it is important for you to establish yourself as a subject matter expert in your field.

The only way you can do that is by publishing content that offers value to readers. If you can address pain areas of your target customers, they will be all ears.

You Should Leverage Social Media

Social Media Marketing – ahhhhh, yes. Such a broad and general term these days, yet, it affects nearly everyone at some point. It’s funny too, because every person and firm on earth claims to do it. Keyword is “claims”. There are some powerful marketing tools and networks that you can leverage. Consider that Facebook boasts of nearly 2.7 billion users and LinkedIn over 560 million users.

It’s as clear as a bright sunshiny day that social media has great proven to be a fantastic marketing tool. If you are not using it to engage with potential customers, you’re doing your competitors a huge favor.

In today’s digitally connected work, almost every online marketer realizes and uses social media for marketing. Your lack of presence on social media sites means they’ll have one fewer rival to worry about.

The enticing infographic below reveals even more secrets of the possibilities affiliate marketing presents.