Affiliate marketing is an excellent way to earn passive income by promoting products and earning commissions on sales. If you’re looking to dive into this lucrative field, here are five essential steps to get you started immediately.   Choose Your Niche Selecting a niche is your affiliate marketing journey’s first and most crucial step. A niche is a specific area of interest where you can focus your marketing efforts. Consider the following when choosing your niche: Passion and Knowledge: Pick something you are passionate about and knowledgeable in; this will help you create authentic content. Market Demand: Research the market to ensure there is demand for products in your chosen niche. Use tools like Google Trends or keyword research tools to gauge interest. Competition: Analyze your competition. A niche with moderate competition can be ideal as it indicates a healthy market but not so saturated that you can’t stand out.…