This is one of the best and fastest ways of making money online, and the fun part about all this is that you can make this money at any time and any place of your choice, even during your sleep.
How to affiliate market? Indeed, it is a straightforward and popular means of driving sales and generating revenue online. The benefit of affiliate marketing to brand and affiliates is great. In the United States alone, there is an estimated 10% increase in the money spent in affiliate marketing on a yearly basis, meaning that, the projection for 2020 is $6.8 billion; it is also estimated that 84% of publishers and 81% of brands make use of affiliate marketing.
You can make good money via affiliate marketing online even without owning a product, website or blog. The formula for affiliate marketing has always been the task of generating traffic. You can begin this by, first of all, searching for ways to drive free traffic. When you get this, you can now add paid advertising methods to it.
WHAT IS AFFILIATE MARKETING?
Affiliate marketing can be simply defined as a process that enables an affiliate marketer to gain a commission for helping to market or sell a person’s or company’s product. Affiliate marketing has tremendous benefits; a few of these benefits are listed below:
Implementing affiliate marketing is easy:
All you have to do is share your link with your readers. Once you do that you have begun. There’s no use worrying about tracking the sales of the product or service, setting up payments and provision of customer service. All these will be handled by the merchant.
Very low-risk levels with little effort:
Isn't that magical? This form of marketing doesn't exactly require too much time or a huge capital investment on your part.
Affiliate marketing has no need for any form of specialized attributes:
You don’t have to be a known professional to be an affiliate marketer. All you need to have is an intimate knowledge of your topic area, so as to know what products are worth recommending to your prospective customers.
Affiliate marketing has no requirement stating that you must always have a support team in place;
Only one person can be enough to work with. It depends solely on your level of knowledge about your market.
Below are a few steps that fully answer the question of “how to affiliate marketing” is done:
CHOOSE THE RIGHT AFFILIATE NETWORK
This is the easiest and surest way to start affiliate marketing. A lot of affiliate networks already exist; some are tied to popular companies like Apple, Google, and Amazon. The rest of the affiliate networks are known to specialize in a specific type of service or product.
ClickBank is known as one of the populous and oldest affiliate networks. It is a multi-billion dollar company that mostly specializes in membership sites and digital products such as software and e-books. In situations where an individual is comfortable just selling information and doesn’t want to be part of the management and administration stress of handling the business. This can be a good beginning period. The commissions can be around 10% to 75%.
Sometimes you can check out individual entrepreneurs who have products of worth to sell. These entrepreneurs, in some cases, manage their own affiliate program, and you directly send an application to them so as to help in promoting their product and services. Amazon is one of the best options available. At Amazon, you are entitled to be an affiliate of any physical product of your choice on their network.
RESEARCH AND CAREFULLY SELECT THE RIGHT AFFILIATE PRODUCTS
New affiliates are required to have a sound and reliable product strategy. Normally, you are to choose a niche that provides the opportunity for you to make more money online, a niche that has a lot of vendors for your products. This will definitely offer you a much wider selection of products to showcase and sell to your community, online. However, it is advised that you limit yourself to either two or three products.
When you get very comfortable with the affiliate marketing process, you can now consider either the specialized or broad niches. At this point, you are to keep track of your marketing metrics, which are given to you by either your affiliate network or merchant. With the metrics, you will have a good idea of which products are generating profits and which isn’t.
YOU SHOULD CONSIDER BUYING A PRODUCT BEFORE BEGINNING TO PROMOTE IT
When you just begin, it isn't an obligation for you to buy any product you intend promoting. But it should be noted that having ownership of the product and even making use of it is a tool for establishing trust and your level of credibility.
When you get to generate a more responsive list of email subscribers and buyers, merchants seeing your new reputation will decide to give you an offer of free samples of products.
GET MORE TRAFFIC BY MAKING USE OF SOCIAL MEDIA MARKETING
Social media platforms like Twitter, Facebook, Pinterest, Instagram are incredible sources of marketing or showcasing your products. At the beginning stages, social media can be made use of as a free way of generating traffic, but later on, it is necessary to make use of paid advertisement so as to reach your target audience and also get to drive the traffic to your website.
MAKE USE OF REDIRECT/ “PRETTY” LINKS
A lot of people are uncomfortable clicking on ugly affiliate tracking links, other than the fact that they are giveaways that you intend selling them a product.
To YOUR success!