- 1 Introduction To Affiliate Marketing
- 2 What Is Affiliate Marketing?
Introduction To Affiliate Marketing
Affiliate marketing is one of the most lucrative businesses today. Big-time companies like Amazon and Flipkart have been leveraging this for a very long time. Today I want to show you how you can also make passive income online using this type of marketing.
Just in case you are wondering what affiliate marketing is, here is a quick layman explanation of affiliate marketing.
What Is Affiliate Marketing?
Affiliate marketing has to do with selling other people or company products and earning a commission for any sales generated through your affiliate link. As an affiliate, you don’t need to create any product, all you need is to have a product that is good and high in demand, then promote them using any available method such as social media.
We have seen a lot of courses on affiliate marketing and a lot of newbies find it difficult to choose the right courses. But don’t worry, I’ll try my best to cover everything you need to know about affiliate marketing.
Here is a quick video by John Crestani on affiliate marketing for beginners. This video covers almost everything you need to know about affiliate marketing. John Crestani is one of the best affiliate marketers I respect so much in the industry. He makes over 500k a month on affiliate marketing. Just in case you are wondering who is john crestani? Here is a detailed review of John Crestani.
When I started affiliate marketing back then, I start by using social media to promote my offers, as a result of that I got my Facebook account flag for spam. Here is a sample of the spammy messages I was sending out on Facebook.
I’ll admit, I was able to make over 115$ using that method. when I realized I can no longer post on social media, I decided to explore and learn how to promote offers using other traffic methods. I won’t talk about those traffic methods in this article. But if you still want to know the best traffic methods to promote affiliate products you can read that post.
Bellow is the screen shot of what i was able to make from posting my links all over social media
How Affiliate Marketing works?
In the affiliate marketing industry, there are two major people involved in the process with a middle man. These people are the vendor, affiliates, and the third party who happens to be the middle man.
The vendor known as the owner of the product or the creator has the power to decide how much he or she is willing to sell the product and how much commission to payout for any sales of the product. The vendor can now decide who is allowed to sell or promote any of his products.
The affiliate is known as the person who brings buyers of the product through a unique identification tracking link known as the referral link. This link will help the company to know who referred the user who bought the product or service.
Middle Man( Company)
The middle man, also known as the company are in charge of paying out the vendors and affiliate or many every necessary refunds on behave of the vendor and affiliate.
As an affiliate, your unique or special tracking link will be used to know who you referred to purchase the product. The company uses what they call cookies to track every activity taking place on its website
Before you become an affiliate you must sign up with any affiliate marketing company and start promoting any of their products, depending on the niche of your choice.
How to choose your affiliate program
How do you choose the best affiliate program?
A lot of people ask this question when they are starting new in the industry. Let me make this clear, choosing the right affiliate program depends on different factors such as
- Is the product digital or physical
- what are their payment method
- quality of their products
Product Type ( Physical or digital )
When you critically look at this you will be able to determine if the program is good for you or not. A company like Amazon deals with physical products while warrior plus deals with digital products. These two companies are good for affiliate marketing but their service is all entirely different.
This comes with its pros and cons as far as marketing is concerned. Some people prefer digital products because they don’t have to wait for the product to be delivered to the buyer. while that of a physical product, many affiliates believe it is something that the buyer can feel, touch, and appreciate when they are satisfied. So you need to decide what works best for you and go for it. As an affiliate marketer, I have been promoting only digital products and it has worked well for me.
Most affiliate marketing companies accept global audiences, only a hand few of them don’t. Most new affiliate marketers usually rush and register only to find out that they are not eligible to receive payments. Most of the time that might be frustrating.
The giant United States digital payment platform ( Paypal) is widely used by most affiliate companies to disburse out payments, as good as the service, some people will still not be able to receive their payments e.g People from Nigeria, Pakistan, India, and other restricted countries due to fraud-related cases.
Quality Of Products
Promoting products with high-quality matters a lot. The business of affiliate marketing is all about trust and building a genuine relationship. When you join the wrong company and end up selling a bad product to your friend or family member, you will lose their trust, which will badly affect your reputation.
This is why I always advice people to always make proper research before joining any affiliate company.
How To Choose Niche For Affiliate Marketing
Choosing the right niche matters a lot. I always have an interest in making money online niche, which has really helped me a lot.
What do i mean?
As a blogger in the make money online niche, I find it very easy to write any topic relating to making money online due to years of experience and passion. In essence, what I’m trying to say is, choose the niche you love or passionate about if you really want to make money online.
Here are some list of the best lucrative niches in the affiliate marketing industry today (2021)
- Make Money Online (MMO)
- Pet Niche
- Graphics And Design Niche
- Health Niche
I have seen a lot of affiliate marketers making crazy figures promoting offers using the above niche. You can try them out if you are not sure which one is best for you.
How To Make Money From affiliate Marketing
To make money from affiliate marketing you need to have a blog where you can write reviews on the pros and cons of any product relating to affiliate marketing. In most cases, people write on products with the sole aim of making sales. As an experienced affiliate marketer, I’ll advise you to stay away from the lane of trying to make sales all the time.
Always try to provide value to your readers, when a product is bad, make it clear, at the end you can make a recommendation to your readers.
When you are always sincere with your reviews, your readers will always buy from you.
How Much Can You make As An Affiliate Marketer?
In the business of affiliate marketing, the amount of money you can make depends on the effort you put into your business. When you cultivate the mindset of making millions of dollars yearly, you will be able to actualize that depending on the level of your digital marketing skills and your knowledge of search engine optimization.
In this post, if I’m to estimate how much a newbie can make when promoting low ticket product will be around 50$ per day when he or she implement every promotional method.
Affiliate Marketing strategy
I’ll mention a few strategies you can use to make a steady income on affiliate marketing. These strategies are very powerful and they are guarantee to drive you massive sales when implemented properly.
- Follow Trends
When I say follow trends, I mean google trends. Google trends help a lot in knowing what is currently trending in the world base on a niche. You can strategically utilize that to generate massive sales.
2. Use Bonuses
People love to buy when you can give them extra value to what they are going to buy. If you don’t know where to get bonuses you can use free plr products as bonuses.
Affiliate marketing is a very broad topic to cover in one post. If you have any question to ask me, you can do that using the comment section. Thanks for reading