My friend surfs the internet everyday and gets cash alert everyday. He claims he isn’t Into yahoo or illegal jobs. All I see him do is download some companies products then advertise them online ,when I asked him he said he is into Affiliate marketing.
Now, you might be your friend’s friend who knows nothing about affiliate marketing ,this post will lead you through the basics of affiliate marketing and how well you can do following these tips and concise steps. Meaning and intro on Affiliate marketing are in this link
Now, what does this word Affiliate Marketing mean????
Affiliate marketing is the process of earning a commission by promoting other company’s products.
You as an affiliate marketer help the company to promote some products in exchange for cash from the traffic it generates.
1. CHOOSE A BUSINESS MODEL
To start your journey to earn as an affiliate marketer. You’ll have to choose a business model. Primarily, there are basically two business models. They are resource site and review site.
Resource site typically deal with the affiliate marketer updating his or her website frequently in regular intervals to ensure users return to the marketer’s website on regular basis while review site does not need much updates, just reviews and minor tweaks to keep his website on the first page of Google search result.
2 HAVE YOUR OWN PLATFORM (WEBSITE/BLOG)
To start off with affiliate marketing, you need a media platform which may be owned, earned or paid platforms. The owned are things like your own website/blog hosted by you on a web-hosting service provider platform so your contents are online and the beauty about owned media is you are in charge of what you post or create unlike free hosting like blogger or wordpress hosting where there are some restrictions on contents created.
The earned are things you earned like post engagements, likes, shares and mentions. The paid are things like your ads.
You can also sell with Facebook, Twitter and other social media networks by sharing your affiliate links on them.
Creating your website is the next step to earning as an affiliate marketer. To work as an affiliate marketer, you need a platform, probably a blog or website on which chosen ads and links will be posted. If you already have a website or blog, then you should start using your blog to make money as an affiliate marketer.
Read more from google on affiliate earnings
3 MAKE A GOOD CHOICE OF NICHE
Most of the affiliate marketer choose a niche, we can call it an area of specialization. Before you start advertising, you should make a thorough search on the niche that will be best for you to easily work and advertise.
4 CHOOSING OF PRODUCTS AND SERVICES
Once you have any made a decision on the niche which you want to work. Then you are ready to start searching for products and services which you can promote on your website or blog. The products choosen to be promoted should vary depending on the niche you have chosen.
For instance, Commission Junction is very much okay for marketers who will like to promote traditional products; Amazon, PayDotCom, E-junkie, Clickbank may be good for marketers involved in digital contents; Pay per click marketing model like Google AdSense may be quite alright for some marketers but it pays considerably less than other marketing models as the pay is determined by the traffic on the marketer’s website or blog
5 WORK WITH AFFILIATES
Affiliates will make a good impact in making your business grow. To get affiliates, build a strong reputation for yourself by having a very popular blog, by becoming an author of a book, etc.
6 GET TRAFFIC TO YOUR AFFILIATE PROGRAM
Once you have a popular blog or websites and enough affiliates to work with. You’ll be needing traffic on your affiliate program. You can derive a lot of means to get traffic on your affiliate program.
Benefits of Affiliate Marketing
1. Easy Entry
There is no need to have a company or business. All that is required is to choose a program and add the tracking code to your website(media). You don’t even pay upfront: you only need to reward an affiliate once a sale has been made.
The affiliate does not have to worry about customer support, book keeping, and e-commerce related headaches since in affiliate marketing, the merchant handles it all; all the affiliate needs to do is promote and resell the product.
Affiliate programs lure publishers with their diversity. Here are the three most common reward types:
- Pay-per-sale ‒ You pay a percentage of the sale price for every purchase made by a customer who comes to you via affiliate marketing.
- Pay-per-click ‒ Commission is based on the number of users an affiliate directs to your website (regardless of whether a sale is made).
- Pay-per-lead ‒ Affiliates are rewarded once referred visitors have left their personal information on your site by filling out a contact form.
3. Standby audience
You don’t need to spend extra money to generate traffic to your website. An affiliate website’s banner ad can do it for you.
3. Multi streams of revenue
You can earn with different affiliate marketing programs as long as you do not violate their T & C’s. One can sign up with these affiliate programs on multiple websites to maximize the opportunities. It has been observed that over 65 percent of publishers belong to more than one affiliate networks.
Affiliate marketing schemes can be tracked and analysed. Thus, one can see the success of their marketing on websites.
I trust that this post has provided a form of enlightenment on affiliate marketing to both newbies and professionals in the field of blogging and webmasters. Here you will get reasons and know why you need affiliate marketing