AFFLIATE MARKETING

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AFFLIATE MARKETING

 

What is Affiliate marketing?

Affiliate marketing meaning- It is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals. In affiliate marketing we can affiliate anything ranging from phones accessories, watches, fashion products, gym equipments, finance products, baby care products, home care products, etc.

How does affiliate marketing work?

It is a process of making money online whenever a customer buys a product on the recommendation from a referral. In affiliate marketing an affiliate marketer is a person who promotes the products & services of the owner through blogs, other social media platforms, or in website. Affiliate marketer promotes the products & services by reviewing or unboxing them. This technique helps ‘the affiliate’ to earn a percentage of commission and increase sales for the owner of the product or services. In this way an affiliate marketer earns money on selling the products for the company online.

How to start affiliate marketing–

1. To start affiliate marketing one has to select a particular niche of their interest on which they want to start the affiliate marketing.
2. Selecting a platform like personal website or social media to publish & promote the affiliate product content.
3. Selecting the target group of audience to focus on and choose the affiliate marketing program of the selected niche.
4. Obtain a particular link or code for each offer. Share those links through other social media platforms.

Type of affiliate programs – There are three types of affiliate programs

1. Low commission, high volume: – It provides low commission but offer a wide variety of affiliate products which generates a lot of content that in turn needs traffic to meet the revenue goal. Example is Amazon affiliate
2. High commission, low volume: – High commission affiliate programs generate high volume of sales with fewer products such as luxury affiliates.
3. High commission, high volume: – These programs give high earning potential due to high competitive market such as credit card & etc.

How to start affiliate marketing with no money?

There are many different free affiliate marketing programs through which it can be started with little or no money. One easy way is to make YouTube videos about the affiliate product of their interest and promoting in their channel. It is so easy that even a beginner can also start with affiliate marketing and earn money online.

Best affiliate marketing websites: – There are a few best affiliate marketing websites

1. Cake
2. Refersion
3. GoAffPro
4. Everflow
5. Pro Affiliate Pro and there are so on

Affiliate marketing for beginners – It is easy to start as a beginner in affiliate marketing but it will take time for them to have all the skills and knowledge

Best Affiliate marketing platforms: – Following are a few affiliate marketing platforms among many of them such as –

1. Amazon Associates
2. Itsy
3. CJ Affiliate
4. ShareASale

Benefits of affiliate marketing: –

1. Low on cost: – It is very low on cost as they do not need to put a lot of money as start-up needs so it is no cost or low at cost if it is paid affiliate marketing.
2. High ROI: – There is high return on investment as there is no startup cost and one has to promote the affiliate products through own channel or websites and generate traffic to the owner which leads to high ROI.
3. Source of passive income: – It is a source of making passive income apart from the general source of income.
4. Easy to set up: – It is easy to set-up & implement because there nothing to set up as it is just promoting the products to the specific target customers through online. This increases competition and traffic towards the particular product and generate high revenue by social media influencers which leads to high commission rates.

Types of affiliate marketing–

Unattached affiliate marketing: – In this kind of affiliate marketing the affiliate doesn’t know about the product they are promoting nor do they have skill or expertise to serve as authority or claim it by using it. It is simply promoting the product or service to the audience without having any attachment to the product.

Related affiliate marketing: – In related affiliate marketing there is some knowledge and relation to the product promoted and the affiliate as the promotion might be affiliates niche area. This relation between the affiliate niche & offering the products or services from the same niche develops faith among the customer leading to huge amount of traffic and generate high level of revenue.

Involved affiliate marketing: – In this type of affiliate marketing there is a strong connection between the affiliate and the product promoted as the affiliate uses the product and has expertise and complete knowledge about the product or service they are promoting. They advertise their experience about the offering which serves as a source of information to the audience which increases a large amount of traffic and high level of ROI.