07/12/2021
WHAT IS AFFILIATE MARKETING
Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate's own marketing efforts. In other words it is the process by which an affiliate earns a commission for marketing another person’s or company’s products.
As an an affiliate you first have to pick a product to promote. In this case, there are 4 types of products to promote:
√Digital Products
√Physical Products
√Online Services
√Form Submits
After you pick a product now you have to promote the product through affilite links in blogs and articles, forums, social media, email lists, or create videos about the affiliate products and add links or ads.
There are ways to get paid as an affilite marketer and that is categorized into 3 ways:
1. Pay per sale.
In this program, the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies.
2. Pay per lead
The affiliate must persuade the consumer to visit the merchant’s website and complete the desired action, whether it’s filling out a contact form, signing up for a trial of a product, subscribing to a newsletter, or downloading software or files.
3. Pay per click
This program focuses on incentivizing the affiliate to redirect consumers from their marketing platform to the merchant’s website.
Why You Should Be an Affiliate Marketer.
∆Passive income
∆No customer support
∆Work from home
∆Cost-effective.
∆Convenient and flexible.
∆Performance-Based rewards
∆Do Not Underestimate the Power of SEO.
HOW CAN I START AFFILIATE MARKETING
The best way to start Affiliate Marketing is to understand that affiliate marketing is a business model that will teach you the fundamental of business, especially making money online. However, affiliate marketing is a serious business and it has to be taken seriously.
Failure to do so, you will lose money and time.
WHAT IS THE BEST WAY TO START MAKING MONEY ONLINE WITH AFFILIATE MARKETING
Understand affiliate marketing. Remember that online, even if it feels like everything is been done already, there are always new product niches to explore! There are tons of products on the market and there's no doubt you'll find something you can feel passionate about and want to share with others. The more you know about a niche the easier it will be for you to promote a worthwhile product.
Sign up for an affiliate program which pays well. The commission percentage should be at least 10%. Be careful though because some programs pay big commissions but then provide no value or have bad conversion-rates.
Affiliate marketing isn’t hard, but it does require knowledge, planning, and consistent effort to make any significant income. Your overall chances of making money with an affiliate program are probably no better and no worse than any other type of internet-based business.
Your success depends on how well you execute your affiliate business plan.
