AFFILIATE MARKETING
(What You Need To Know)
Affiliate marketing is one of the most reliable means by which many earn money today. Therefore becoming an affiliate marketer is something many would consider and engage. Affiliate marketing could be done by any body who desires to take part in it, it can be very lucrative and that is why many bloggers out there makes use of this brilliant opportunity to earn extra cash. There are varying options to consider if you are or want to become an affiliate marketer. This article is to show people the advantages of affiliate marketing, what it takes and the various platforms on which you
can become an affiliate.
Meaning of Affiliate Marketing
Affiliate marketing simply is a performance-based marketing which rewards the affiliate, be it one or one hundred, for any visitor or customer that is brought to the marketer. Affiliate marketing could be a reliable source of passive income if carried out correctly. It simply involves an individual partnering with a business or an organisation with the aim of earning a commission while referring visitors or customers to the business or the organisation's products and services. That is a straight forward explanation, but there is more work to be done in order to succeed as an affiliate marketer. That is what we will be covering here on etimdaviesblog.
Affiliate marketing process generally involves four parties: The Affiliate website, the affiliate network, the advertiser/ affiliate and the buyer/ customer.
How it works
Affiliate marketing just requires you to refer a customer or a visitor to your partners link and if visitor purchases a product on the site, you get rewarded with a commission from the sale that was made. The company gets notified that it was you who brought the customer, then you get your pay. The idea is quite simple but doing the work is where it gets a little bit complex.
If you are a blogger or you own your own website, its a plus to you because you work a little less compared to some individuals who are affiliate marketers, but it all depends on the success of your blog or web page.
How To Be Effective As An Affiliate
As we already know of the fact that Affiliate marketing requires us to help make the sales of goods possible, we might not be able to fully perform the tasks involved if we don't have passion for the product we are actually advertising. Imagine me trying to sell you a boat that I know quite well that I would not buy if it were up to me, I would not be able to fully convince yo on why you need to buy the boat. That is exactly how it is. It is advisable that you become an affiliate to a product you like and might have tested or a product you know very much about; the advantages and uses of such a product and why one should get the product. It's like defending your project in school.
Another thing to note about Affiliate marketing is that it requires your time, energy, determination and patience. Being an affiliate can be very a lucrative source of passive income, but if you wish that in your first month you will start earning tons of cash, this is a reality check for you. Affiliate marketing is not a Get-Rich-Quick scheme, it requires time, effort and patience, except of course, you have gained some level of experience on the subject matter. If you are a newbie, it is close to impossible to achieve that. This is because you will have to build your marketing skills, you will have to do the work. If you are a blogger or you have a website, you will have to build your traffics/ your audience to be able to make anything reasonable. On the long run, if you continue without giving up, you will start enjoying the benefits enjoyed by many successful affiliates out there. If you help others solve problems like you would a friend or family member then you’ll be rewarded more times than not. It is a really great tip to keep at the back of your mind.
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Things To Avoid In Affiliate Marketing
Cutting corners
This is a no go area for you as an affiliate marketer, whether you are a newbie or not. You will lose everything in the process and end up with regrets. Stick to the "slow and steady" routine, as that is the only guarantee of long-term success as an affiliate.
Distractions
As a newbie, a lot of thoughts would be running through your minds as to a niche to stick to. Make sure to stick to a niche. You can't effectively perform your tasks well if you are advertising almost all products you see. You might end up selling none. So, it is best to stick to a niche and avoid distractions for effectiveness.
Taking actions without putting thoughts down
As an affiliate, you want to always make sure you have things well planned. You should not rush into decisions you might later regret on the long run. Take your time to decide a niche, because it will determine a lot of things. Put into consideration the product you are advertising for, so as to avoid time wasting. It is advisable to become affiliates of already known organisations.
The same way there are things to avoid as an affiliate, there are also tips from some successful affiliates to help you out on your journey. Some of the notable things about them are:
- The passion they have for their website, the audience and their brand.
- Their genuine concern on how beneficial their brand is to people.
- Their level of commitment to the success of the brand.
- Their willingness to learn more and to challenge themselves to do more.
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Affiliate Marketing Platforms You can Utilize
There are various platforms to explore when it comes to the topic of affiliate marketing. There are International organisations who are into the business of affiliates and there are some of the Locals available here in Nigeria.
AMAZON ASSOCIATES: This is one of the oldest and the most trusted platform for affiliates to utilize. As a matter of fact, Amazon became what it is today through the power of affiliate marketing. An interesting fact is that it is very easy to become an affiliate of Amazon, irrespective of where you are in the world. All you need do is to make sure you make sales and you will earn your rewards fairly.
Other affiliate marketing platforms you can explore are
-CompareTheMarket.com/ GoCompare.com
-MoneySavingExpert.com
-ThisIsWhyImBroke.com
-Clickbank
-FlexOffers
-MaxBounty
-Awin
-Share-a-sale
-Commission Junction(Popularly known as CJ)
Then if you are based in Nigeria, you could check out
-Jumia affiliate
-Konga affiliate
-Bet9ja affiliate
-Web4africa affiliate
-Wakanow affiliate
If you want to explore more options on how to earn some side cash or passive income, you can check out Other ways to earn Passive income here. In there is a detailed list on some of the ways you can earn legitimately.
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