Every 40 seconds someone starts up an online Venture. Why Not You?
What Is Affiliate Marketing
Affiliate marketing is when someone (an affiliate) is selling or promoting someone else’s services or products online and receives a commission for doing so.
The explosion of ecommerce and social media in the gig economy have both revolutionised how businesses communicate with consumers and has brought about fundamental changes to their marketing to embrace affiliate marketing strategies.
With social medial like Facebook and Instagram, websites like YouTube and built-in cameras in every computer, everybody can be an advertiser nowadays and companies are pouncing on these opportunities.
How Do You Get Paid
the merchant pays the affiliate a percentage of the sale price of the product after the consumer purchases the product as a result of the affiliate’s marketing strategies. In other words, the affiliate must actually get the client to invest in the product before they are compensated.
Common Types of Affiliate Marketing Channels
An influencer is an individual who holds the power to impact the purchasing decisions of a large segment of the population. This person is in a great position to benefit from affiliate marketing. They already boast an impressive following, so it’s easy for them to direct consumers to the seller’s products through social media posts, blogs, and other interactions with their followers. A good example is the Kardashians
With the ability to rank organically in search engine queries, bloggers excel at increasing a seller’s conversions. The blogger samples the product or service and then writes a comprehensive review that promotes the brand in a compelling way, driving traffic back to the seller’s site.
3. Email lists.
Some affiliates have email lists they can use to promote the seller’s products. Others may leverage email newsletters that include hyperlinks to products, earning a commission after the consumer purchases the product. Another method is for the affiliate to build an email list over time. They use their various campaigns to collect emails en masse, then send out emails regarding the products they are promoting.
Here are some of the most popular affiliate Networks?
- Ads 4 Dough
- Commission Junction
- Amazon Affiliate Program
- eBay Partners Program.
The No #1 Challenge Affiliate/ Online Marketers Face
Without doubt the biggest challenge for most online marketers and why most fail is Getting Traffic to their site and Lead Generation
Most budding affiliate/ online marketers have no idea how to get consistent traffic and convert that traffic into sales
“When you master Traffic & Conversions You’ll never be Hungry” – Dan Kennedy