AFFILIATE MARKETING
WHAT IS AFFILIATE MARKETING? Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
PARTIES INVOLVED IN AFFILIATE MARKETING
HOW DO YOU EARN?
TACTICS USED BY AFFILIATES Coupon/Voucher sites are sites that offer some sort of savings to the customer in the form of a certain percentage or dollar amount off their total purchase, a promotion code, a gift with their purchase, free shipping, or some other sort of offer that incentivizes the customer.
Loyalty/Reward sites are sites or programs that offer the shopper an incentive to use their platform repeatedly to work towards rewards. These rewards can be cash-back, points, miles, or even charitable donations.
WANT TO BE AN AFFILIATE? YES! YOU CAN… Here is the chronological guide for you to start from initial entrepreneur. Also How to make money as an affiliate marketer.
1. DECIDE ON A BUSINESS MODEL THERE ARE TWO TYPES OF BUSINESS MODELS: The first is a resource site, and the second is a review site. Which model you choose will depend on your familiarity with the products or services you advertise.
2. CREATE A WEBSITE In order to work as an affiliate marketer, you'll need your own platform on which to post links and advertise for your chosen products or services. If you already have a website or blog, you can use that platform to begin earning additional income as an affiliate marketer.
3. SELECT A NICHE Most affiliate marketers choose a niche, or area of specialization. Before you begin marketing products or services, you'll need to find an area you can easily work within to advertise.
4. CHOOSE PRODUCT AND SERVICES Once you've chosen a niche in which to work, you're ready to start finding products and services to promote on your platform.
5. FIND AND WORK WITH AFFILIATES • Affiliates will help grow your business and help you tap into web traffic. • There are many ways to meet and engage with affiliates, but the best way to access desirable affiliates is by building a reputation for yourself.
6. DRIVE TRAFFIC TO YOUR AFFILIATE PROGRAM • Once you've built a popular platform and secured affiliates to work with, you'll need to drive traffic to your affiliate program. • There are a number of ways to accomplish this, but one of the easiest and most successful methods involves writing a blog post or web article.
7. BUILD RELATIONSHIPS • Affiliate marketing takes a lot of work and patience before any real money is made. • The marketer is responsible for building lasting professional relationships with the affiliate partners out of that web traffic.
8. WRITE A PAY-PER-CLICK AD Pay-per-click (PPC) advertisements are the bread and butter of affiliate marketing, but how well you craft your ad could be the difference between success and failure.
UNDERSTAND YOUR DEMOGRAPHICS • Every affiliate will have their own target demographic. As the affiliate marketer, it's your job to understand your affiliates' demographics, and tailor your advertisements or reviews in such a way that that target demographic will be reached through your platform.
FOR BECOMING SUCCESSFUL • Affiliate marketing is definitely an excellent way to make money online but it’s highly competitive too. • In order to be successful in Affiliate marketing you need to know the market needs, learn how to promote products, what works and what doesn’t. • The following are a few tricks on becoming successful in affiliate marketing that I have learnt over time.
CHOOSE THE RIGHT MERCHANT • When you promote a product you also promote the person or the company who is behind the product so try to choose wisely. You don’t want your visitors to go and buy a product following your advice then come back unhappy.
WHY BE AN AFFILIATE MARKETER Affiliate marketing is considered to be one of the world’s fastest growing and best internet marketing techniques to earn money online and I will explain why: • Cost effective • Global market • No fees • Passive income • Work from home • No storage no shipping
PASSIVE INCOME https://www.youtube.com/watch?v=efkEvMVNY6A