• Low cost: With affiliate marketing, you do not need much – if any – startup capital.
• No inventory: You do not need to buy or rent or store the place of storage to store products. You do not have to invest in “stocks” which may or may not be sold in other words.
• Zero barriers: Perhaps the best, you have not processed the order or ship products … or handling anything in return, phone call, or customer service side. Affiliate marketing is hassle-free – allows you to focus on marketing, sales and making money. It’s perfect for beginners. And, because the ability to earn money increases only with more experience, expert-level Internet entrepreneurs stay in this game as well.
Affiliate Marketing 101
- You promote the products of another company in your own marketing efforts, such as social media, your website, your email list, your blog or any other marketing channel you use.
- When a customer clicks on a link to order a product, they move to your shopping partner’s shopping cart to complete the transaction.
- The link is specifically assigned to you and tracked so that you get credit for any customer who is sending your partner.
- If you buy prospects, you get the commission from 5 percents to 25 percents, usually on the basis of the product. In the case of very high commissions (up to 100 percents), the company is often hoping to overturn the customer on high-ticket items later.
A Recipe for Affiliate Marketing Success
One of the key elements of success with affiliate marketing is to promote the right products. They can be digital information products, subscriptions, physical products, online services … There are many industries that use this model. When promoting your target market, you can promote one or many of these different types of products as an affiliate. Talk of target markets, you want to focus on those popular niches with a proven track record for sale. When you can take advantage of the popularity of established products that you love customers, why do you struggle? The good thing is that you can often run an affiliate marketing business in an industry that has your personal interest – you can combine passion with profits.
Here are some ways to do your essential market research.
- Keep an eye on Facebook and Twitter for trends. Which type of product is “hot”
- What are the best-selling products on sites like Amazon.com and eBay?
- What’s on the news … What are people talking about?
More discussion for a product or niche … is better for you. A popular product means more sales. Some popular niches now include yoga, natural health, gluten-free, biological, supplementary, financial and investment advice, dating, apps, online video games, and more. Remember, while most inexperienced marketers run away from the markets which are popular and they have a lot of competition, successful marketers know that these are the markets on which you want to focus because this is the money.
Finding Affiliates Partners
There are many, many affiliate programs covering just about any product or service imaginable. But not all of them are made equal. You want to join a credible program with a reputation for caring for your colleagues – and pay them the right amount of commission on time. At any time, you find an affiliate network that you think has the potential, do a quick search on Google or view related to affiliate marketing forums that what people have to say about them. There are some established partner partners with a good reputation
• Rakuten.com (formerly Buy.com) is a leading online retailer that provides everything from electronics to groceries.
• Amazon.com – You’re shopping here. You know how many products it offers. Now become an associate with the Amazon Associates Program.
• CJ Affiliate by Conversant works with some of the world’s most famous brands.
Marketing Your Affiliate Marketing Products
Social media is a great way to remove words about your business. Everyone is on Facebook and Twitter these days. And they are not just sharing funny videos of the cat. Often they are in the mood to buy, especially if an attractive offer comes in their feed. Apart from this, there is free search engine optimization. Seems hard, but SEO is a simple offer in your heart. Basically, you add valuable content related to your keywords on your website or blog using “keyword”, which can use information about products like yours or your niche. You regularly post at least several times a week. And over time, search engines like Google find your content and reward you to provide valuable information by making your website higher in results. The more you are in the result, the more specifically Page 1, the more traffic on your site.
Next Step to Start an Affiliate Marketing Business
Now you have an overall structure for a successful affiliate marketing business, which is a step-by-step guide to getting started. It may seem overwhelming. But if you take it once in a day, then you can do it. Do one thing related to starting your business every day, whether you can devote 15 minutes or a few hours. Gradually but surely, you will be able to start your business.